Obamateurism of the Day
posted at 8:05 am on November 13, 2009 by Ed Morrissey
Barack Obama demanded and received $787 billion in stimulus spending to keep unemployment below … 8%. Now that unemployment has hit 10.2%, did Obama take some responsibility for having blown his economic predictions and for pushing a failed, expensive policy? Not exactly. In his address announcing a “jobs summit” yesterday, Obama shifted the blame onto — employers:
As I’ve said from the start of this crisis, hiring often takes time to catch up to economic growth. And given the magnitude of the economic turmoil that we’ve experienced, employers are reluctant to hire.
Small businesses and large firms are demanding more of their employees, their increasing their hours, and adding temporary workers — but these companies have not yet been willing to take the steps necessary to hire again.
Have not yet been willing? Maybe Obama thinks of companies as Scrooge McDucks, sitting on piles of cash and lighting cigars with Benjamins — that’s how Nancy Pelosi thinks of insurance companies with their villainous 3% profit margins — but this as absurd a statement on the economy as one will find. Companies aren’t willfully refusing to hire people. They don’t have any work for them, nor do they have the revenues to afford more employees.
Plus, let’s not forget all of the signals Obama has sent on taxes. Firms that might have been inclined to invest in expansion are holding onto whatever cash they have in preparation for the big increases that will have to come to pay for Obama’s big-government programs. Maybe if Obama dropped the budget-busting agenda and lowered the corporate tax rates, they’d be inclined to expand. But then he wouldn’t be able to take credit for all of those “saved or created” jobs any longer …
Got an Obamateurism of the Day? If you see a foul-up by Barack Obama, e-mail it to me at obamaisms@edmorrissey.com with the quote and the link to the Obamateurism. I’ll post the best Obamateurisms on a daily basis, depending on how many I receive. Include a link to your blog, and I’ll give some link love as well. And unlike Slate, I promise to end the feature when Barack Obama leaves office.
Illustrations by Chris Muir of Day by Day. Be sure to read the adventures of Sam, Zed, Damon, and Jan every day!
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We have had the highest productivity level in years and years due to understaffing.
He has a point.
AnninCA on November 13, 2009 at 8:49 AM
Bleeds Blue on November 13, 2009 at 8:47 AM
4 million jobs lost blue…..
4 million jobs lost there my boy….
4 effing million jobs lost…..
massive fraud and “wildly exaggerated” claims of “created and saved jobs” from Massachusetts to Illinois, to California and Washington…..
begs the question…
Where are the jobs????
ted c on November 13, 2009 at 8:49 AM
Did Mr. Morrissey just say this??? Why would a left-wing big government socialist/marxist even consider lowering taxes and spending policies? Ed is quite right—private businesses see nothing ahead that indicates there is a reason to hire or expand. They are bracing for additional cost coming next year from legislation the Demoncrats have unleashed. Remember how the media crucified Bush Sr. when he decried, “No New Taxes”. Now you have the same media that will not only condone a tax increase, they’re cheering for it.
Rovin on November 13, 2009 at 8:50 AM
If you are seriously using the DOW as your benchmark of economic success, you should go back to bed.
Bishop on November 13, 2009 at 8:50 AM
If companies are working their existing employers more hours, as Obama claims, why has the average workweek continued to shrink?
MarkTheGreat on November 13, 2009 at 8:50 AM
Fraud, waste and abuse on epic scale…..
4 million jobs lost…..
Now calls for a “jobs summit”
WTF?
ted c on November 13, 2009 at 8:50 AM
How true. And if any one of them falls out of line and happened to fly to D.C. on a first-class ticket, well here we go again………
sherry on November 13, 2009 at 8:50 AM
deidre on November 13, 2009 at 8:46 AM
When it comes to making things work well, real life experience beats Ivy League elitism HANDS DOWN.
maverick muse on November 13, 2009 at 8:51 AM
Yes. Every time we see his face or hear his voice. Isn’t Obama just so wonderful?!!!!
— MSM
Loxodonta on November 13, 2009 at 8:51 AM
the same media being bailed out by those tax increases
maverick muse on November 13, 2009 at 8:53 AM
This is the highest rate of unemployment since the early 80′s, and it is a record. I think the highest it got there was 9.6%. It jumped 0.4% and that is the U-4 rate only. True proportion of unemployment is 17+%.
What’s your plan blue? Continue to rape the economy? Continue to shiite on small business? Continue to denigrate producers? Continue to give handouts to moochers? Continue to foist the “general welfare” clause all over the place?
Nope, ya’ll ain’t be got no plan. Except that is to continue to ruin the economy.
ted c on November 13, 2009 at 8:53 AM
Excellent point, your dumbness!
That ought to convince the masses of your superior intelligence.
*looks at watch, glances at calendar*
Saltysam on November 13, 2009 at 8:53 AM
— you really can’t say that the stimulus didn’t work. It did
Bleeds Blue on November 13, 2009 at 8:47 AM
Bleeds Blue: Not exactly,the unemployment numbers are 22.1%!
http://www.wnd.com/index.php?fa=PAGE.view&pageId=115487
canopfor on November 13, 2009 at 8:53 AM
Obamanomics makes troll smackdown like fisn ‘n a barrel….
ted c on November 13, 2009 at 8:53 AM
No freakin’ way. That’s too advanced for the filthy lying coward. Those businessmen would be ahead of the game if they could get him to understand the concept of what a “job” is how it involves “work.” Obama has never had a job and never worked a day in his pathetic life. He doesn’t understand the value of a dollar and why people get so upset when they see government stealing from them under the guise of “helping them” by threatening jail if they don’t buy into the government-funded healthcare system.
highhopes on November 13, 2009 at 8:55 AM
Where did you get this stupid notion from?
When it comes to govt, nothing could be further from the truth.
MarkTheGreat on November 13, 2009 at 8:55 AM
i guess i do need to make my sarc tags clear
blatantblue on November 13, 2009 at 8:56 AM
flip side
maverick muse on November 13, 2009 at 8:56 AM
So how many people are you going to hire today… Ya, that’s what I thought……….
doriangrey on November 13, 2009 at 8:56 AM
If you truely believe this, then your understanding of how the economy works is as bad as Barry’s.
Productivity increases going into a recession because the least efficient workers are the ones let go first. It has nothing to do with working the remainder harder. Which as others have already done by showing that the average workweek is falling.
MarkTheGreat on November 13, 2009 at 8:57 AM
I fear this “jobs summit” will be like something out of Mao’s China. Obama will gently “encourage” CEOs to hire more people, while his union buddies (remember they’re invited, too) casually tap their tire irons and crowbars.
jwolf on November 13, 2009 at 8:57 AM
The Stimulus certainly stimulated more corruption and wealth stolen from measly ol’ taxpayers to pad Obama, Inc. thief pockets.
maverick muse on November 13, 2009 at 8:57 AM
Objecting to doing something stupid is doing nothing?
Let’s hear it for doing nothing.
MarkTheGreat on November 13, 2009 at 8:58 AM
invisible sarc tags
blatantblue on November 13, 2009 at 9:00 AM
I’ve read no interpretation of the high productivity rate for the 3rd quarter that blames it on “understaffing.” I can’t find a single news article that includes those two terms. Can you cite one?
Loxodonta on November 13, 2009 at 9:03 AM
There are hundreds of economic indicators that differing economists use to try and judge the health of an economy.
From these, the liberal picks the one indicator that is doing what he wants to see, and then proclaims that this is the only indicator that matters. Next week another indicator will be the only one that matters.
MarkTheGreat on November 13, 2009 at 9:03 AM
Here’s a news flash. The so-called “real” unemployment numbers get trotted out every time there is a recession — during the Bush’s and Reagan’s recessions and they’re always much higher and they’re always interpreted by people with dogs in the fight, so we’re just going to go with official numbers so I don’t have to go back and google and find out that when Reagan pushed unemployment up to 10.8% it was really 19.6% or whatever. We’re just going to compare apples and apples.
And, second, job growth lags. The economy is growing, hours are lengthening, productivity is up, eventually hiring will start. Given that uncertainty is the largest barrier to hiring, I think that the best thing the Republicans could do know is cut a couple of pro-business compromises and let health care pass, so businesses could plan.
Bleeds Blue on November 13, 2009 at 9:04 AM
These lib toolbags get their marching orders from mr combover himself Grayson.
Keep repeating your little meme there blue. It’s utterly illogical and irrational. Your boy owns the house and the senate and cant’ get jack or squat done. Why you ask? Because the dems want to do nothing. Healthscare..DOA. Cap and Trade–same thing. If the citizens wanted it, we’d back it. However, right now, doing nothing is a whole lot better than wrecking everything.
ted c on November 13, 2009 at 9:05 AM
Traitor! Invisible sarc tags are supposed to be secret!
Loxodonta on November 13, 2009 at 9:05 AM
In my best Foghorn Leghorn voice.
“Could be.”
Sorry
MarkTheGreat on November 13, 2009 at 9:05 AM
The Dow is easy and generally reflects business confidence in the system. The market passed judgment on Bush, it is passing judgment on Obama. It is not, however, holy writ, I realize.
Bleeds Blue on November 13, 2009 at 9:05 AM
The clownish asshattery of this guy just gets worse and worse. Not willing to hire?
Unlike government bozos, businesses leaders who are accountable to their shareholders (contrast unaccountable bureaucrats) are actually responsible for the financial health of their companies (contrast politicians and their countries). With major uncertainty on tax costs and the implications of the so-called “health care” legislation, what sane person would embark on expanding their company? There is simply too much economic uncertainty, caused by this erratic and unpredictable administration, to produce conditions favorable to expansion and hiring. Jobs and profits are going to be off-shored to more stable realms. Calling China and India…
mr.blacksheep on November 13, 2009 at 9:06 AM
FIFY homey
ted c on November 13, 2009 at 9:06 AM
Barry said it. It must be true.
MarkTheGreat on November 13, 2009 at 9:07 AM
The Stimulus certainly stimulated more corruption and wealth stolen from measly ol’ taxpayers to pad Obama, Inc. thief pockets.
maverick muse on November 13, 2009 at 8:57 AM
maverick muse: A Stealth Reparations plan by Team Liberal
comes to mind!:)
canopfor on November 13, 2009 at 9:07 AM
FIFY there too homey. we can do this all day.
ted c on November 13, 2009 at 9:07 AM
Bleeds Blue on November 13, 2009 at 9:04 AM
You are aware that the way unemployment is calculated was changed during the mid-80′s.
MarkTheGreat on November 13, 2009 at 9:08 AM
The “buck” will soon be worth 35 cents, Obama says don’t even worry about it. Why stop it or pass it?
cs89 on November 13, 2009 at 9:08 AM
My blood pressure is off the charts. The small corporation I founded has cut salaries of all the owner / stockholders, laid off some employees, cut 401k contributions, and sought cheaper health insurance options. Yet we continue to struggle day to day. The sales aren’t there. WE work in sales, construction, and engineering in the power industry. Our customers are scared to death of what this administration is going to do. And it’s all our fault!! When can we be rid of this cluless idiot and his cronies.
donh525 on November 13, 2009 at 9:09 AM
Ya know,its been over 10 months,
and Obama hasn’t delivered!!
canopfor on November 13, 2009 at 9:09 AM
IT does no such thing. The DOW doesn’t even do a good job of indicating how the stock market is doing, and the stock market as a whole is a lousy indicator of how the economy is doing.
MarkTheGreat on November 13, 2009 at 9:09 AM
The economy is down….
Terrorism on a military post is up….
Decisions are at a standstill…..
Businesses are not hiring…
Consumer confidence is down….
Freedom and liberty are at risk….
and we’re supposed to go along with that crap.
Nope. Swallow it jack.
ted c on November 13, 2009 at 9:10 AM
Whither my post?
Unlike government bozos, businesses leaders who are accountable to their shareholders (contrast unaccountable bureaucrats) are actually responsible for the financial health of their companies (contrast politicians and their countries). With major uncertainty on tax costs and the implications of the so-called “health care” legislation, what sane person would embark on expanding their company? There is simply too much economic uncertainty, caused by this erratic and unpredictable administration, to produce conditions favorable to expansion and hiring. Jobs and profits are going to be off-shored to more stable realms. Calling China and India…
mr.blacksheep on November 13, 2009 at 9:11 AM
Troll smackdown is haahhhhd work there yo.
ted c on November 13, 2009 at 9:11 AM
Bleeds Blue on November 13, 2009 at 9:04 AM
You freaking idiot, go wave your hope and change wand somewhere else. IDIOT!!!
donh525 on November 13, 2009 at 9:12 AM
But, but, on Nov. 6th Pulitzer Prize winning economist Paul Krugman thinks Obama and the Democrats will fail next year because they didn’t do enough. Krugman thinks Obama should increase the speed of the Titanic:
So many passengers and so few lifeboats.
Rovin on November 13, 2009 at 9:12 AM
Barry had a lot of pork
that fleeced the nation dry.
And every word that Barry said
his trolls were sure to cry.
Loxodonta on November 13, 2009 at 9:13 AM
Obama knows exactly what he’s doing and has the Nation right where he wants it. The worse it gets the better he likes it. He has done nothing to prove otherwise.
Crimefyter on November 13, 2009 at 9:13 AM
— during the Bush’s and Reagan’s recessions and they’re always much higher and they’re always interpreted by people with dogs in the fight, so we’re just going to go with official numbers so I don’t have to go back and google and find out that when Reagan pushed unemployment up to 10.8% it was
Bleeds Blue on November 13, 2009 at 9:04 AM
Bleeds Blue: The topic,is jobs and summit with Hopey,not
the last 15 years of Bush!!:)
canopfor on November 13, 2009 at 9:15 AM
Thought I’d help you along there, Il Dulce.
Saltysam on November 13, 2009 at 9:15 AM
I hope illiberals never figure out that all corporations have a secret pot of gold; otherwise, the gig is up.
WashJeff on November 13, 2009 at 9:17 AM
Caveat ( in case the market crashes tomorrow )?
donh525 on November 13, 2009 at 9:18 AM
Three years of dem control and the dems recession has turned into Obama’s depression. Jimmie Carter redux.
Johan Klaus on November 13, 2009 at 9:22 AM
Thornton Melon should go to this White House ‘jobs summit’.
RickZ on November 13, 2009 at 9:27 AM
Business hires people and pays for no show jobs when the union bosses tell them to. Is this what the Won is advocating when he chastises companies for not hiring.
Kissmygrits on November 13, 2009 at 9:27 AM
Jimmah Carter on steroids.
petefrt on November 13, 2009 at 9:28 AM
I believe that is exactly what Obama has in mind. This is going to get ugly.
jwolf on November 13, 2009 at 9:30 AM
Bleeds Blue spouting Russian economics 101. Thanks for the AM lesson. I dwelt on your every word.
donh525 on November 13, 2009 at 9:30 AM
Whoa, Nellie. That’s a mighty big assumption there. Doing the something Obie wanted, the Porkulus Bill, hasn’t done Jack or Sh*t. And we’re now supposed to believe he still knows the answers, and any actions he demands we take are the correct ones? The faith of Obots in the Vapid One is inspiring, in an insipid kind of way.
RickZ on November 13, 2009 at 9:31 AM
So what is next? Is he going to take over ALL small/large businesses too?
ctmom on November 13, 2009 at 9:34 AM
This economy belongs top Obama and no amount of blaming the free market will mitigate that fact. If Obama had gicing that money to small businesses or preferable not done it to begin with, we’d be way lower than 10.2% unemployment. Typical socialist failure to recognize how the free market works.
csdeven on November 13, 2009 at 9:34 AM
That you do. I fell for it, too.
RickZ on November 13, 2009 at 9:35 AM
While so many Obamateurisms have a comical nature due to his oafish and ham-fisted approach to things, this one is not comical at all. President fart stain is gutless to the extreme in refusing to accept any responsibility for the jobless figure he is directly responsible for and truly vile in his attempt to put the blame on the vital private businesses he is oppressing. We cannot touch him until 2012, but we can decimate his accomplices in congress next year. Don’t just vote. Work for your candidate. I promise I will.
SKYFOX on November 13, 2009 at 9:35 AM
In most jobs we do, the power customer requires we use union labor because they use union labor. Don’t want any trouble dontcha know. What an incestuous mess! This practice also raises the job price by a large amount, which of course, is passed on to consumers. Nasty business.
donh525 on November 13, 2009 at 9:39 AM
If Obamacare passes you can bet that businesses will only hire temporary workers thus avoiding having to pay benefits.
redridinghood on November 13, 2009 at 9:40 AM
Virginia got stimulus money and shortly after it did the whole state went into crisis mode and put a freeze on hiring at many state institutions and no one but the upper echelon is getting a pay raise for at least two years. They also started raiding departmental budgets. So whatever they did with the stimulus money, it sure didn’t go to creating jobs.
Now they’re waiting for more stimulus funds and threatening more cuts.
scalleywag on November 13, 2009 at 9:47 AM
I am currently working 12 to 16 hours a day, 7 days a week.
I could hire an associate, but I am going to wait a year or two and see how things play out.
If Obama lets the Bush tax cuts expire, I’ll probably just keep working the way I am now, to make up the amount I am going to lose in taxes.
The point is, I am not going to employ 1 associate. My part-time assistant will not be going to full time. Obama’s policies have cost 1.5 jobs in my 1-lawyer office alone.
________________
RJGatorEsq. on November 13, 2009 at 9:49 AM
Typical government mentality…just go “create” a job regardless of budget constraints.
Trusser13 on November 13, 2009 at 9:51 AM
Many businesses need qualified and experienced workers to get out an affordable, quality product. Rock meet hard place!
donh525 on November 13, 2009 at 9:52 AM
I hope he does have a point! I hope these businesses are sandbagging Obama by not hiring! I hope they keep it up right through 2012!
Why in the world would American business lift one finger to help this marxist, job-killing, capitalist-destroying, America-hating piece of garbage?
David2.0 on November 13, 2009 at 9:53 AM
Well, I suppose it’s not a stretch to say that the guy who thinks highly of socialism doesn’t understand economics very well.
And yes, that is the nicest thing I can think of to say about this. Once again – why did we hire this guy to be pres?
commenter on November 13, 2009 at 9:57 AM
And don’t forget, the price of just about everything has gone up in the last couple years so that could have an effect on small business being able to grow/hire.
scalleywag on November 13, 2009 at 9:58 AM
We have understaffing because we can’t afford more people. You really do believe business has a hidden pile of money somewhere, don’t you?
donh525 on November 13, 2009 at 10:00 AM
Similar situation here. Nobody in their right mind would do any hiring right now that is not absolutely positively necessary, and even then, it would be wise to go with a part timer or a 1099 contractor.
It will be years before we see unemployment below 8%.
forest on November 13, 2009 at 10:02 AM
I don’t see how one could objectively claim the stimulus is working. Before you declare something a victory, you need to remember what it was supposed to have done.
From my understanding, the stimulus was supposed to create (or “save”…whatever that means) millions of jobs. It hasn’t done this. The numbers we’ve been given have fallen short of that, and we’ve been hearing increasing reports that even those numbers are “wildly exaggerated.”
According to the line graph circulating the interwebz, I believe it was supposed to keep unemployment below 8%. It hasn’t done this, and — according to the official numbers broadcast on that graph — it seems to have exacerbated the problem. (Compare what we were told was going to happen w/o vs. what has happened w/ the stimulus).
I’m not as economically savvy as a lot of folks, but I would tend to think the rising DOW may have more to do with a weak dollar, but I very well may be totally off on that. That argument aside, though, raising the DOW was not one of the stated goals of the stimulus as far as I’m aware, so pointing to that as a success point is silly. I could just as reasonably say, nuh-uh, it’s a failure ’cause gas is more expensive this week.
If you want to contend that the economy is great in spite of the stimulus’s failure, then fine, make that argument.
BlueCollarAstronaut on November 13, 2009 at 10:05 AM
Got a next door neighbor whose company went bankrupt. Lost his job of course. Not a worry. Going to draw unemployment to the max and by that time Obama will have fixed everything. Did I mention he’s a liberal.
donh525 on November 13, 2009 at 10:05 AM
The answer, of course, is to FORCE companies to hire people even if they have no work for them.
What is The great Obama going to do when 40% of the doctors close up shop if hell care gets passed?
FORCE them to work? Sadly, I know he will.
jukin on November 13, 2009 at 10:06 AM
BO GFY!
I own a small business and I am not hiring because we do not have enough work. All our customers are business people and they are laying off due to lack of BUSINESS. We are all afraid of whats coming with healthcare mandates and new taxes.
faol on November 13, 2009 at 10:07 AM
Employers may be waiting to see what happens with healthcare and other tax issues, but they aren’t using their business plans to express political opinions.
AnninCA on November 13, 2009 at 10:08 AM
Do you understand productivity measurements?
AnninCA on November 13, 2009 at 10:09 AM
Not just hidden warehouses of cash, secret conferences to set prices and figure out how next to thwart Obama. Covert handshakes and rings to identify fellow club members. And, of course, a line of accounting to fund those “teabaggers” who keep getting in the way of the Democrat agenda.
highhopes on November 13, 2009 at 10:10 AM
In his latest Limbaugh Letter, Rush includes a board game called, Obama’s Blame Game. The player picks up a small card (similar to Monopoly’s Community Chest card, appropriately here called RACE CARD) and read the headline on it. Then spin Obama’s pointed finger and move your piece on the board. If your card reads 10% unemployment and you land on a picture of Bush, you get extra points. Also pictured are other Obama blamees: Rush, Palin, tea party patriots, doctors, CIA, etc. Oh and of course an employer.
Rush is always right — 99% of the time.
Christian Conservative on November 13, 2009 at 10:12 AM
Translation: That’s a nice little business you got there. Pity if anything were to happen to it.
Tonus on November 13, 2009 at 10:13 AM
Balderdash. They may not be witholding jobs as a political statement against the filthy lying dithering coward in the White House but whether they hire new employees or not is a reflection on their confidence in the future. The filthy lying coward votes present. Business votes with “not hiring” signs.
Put a way that even those with tiny socialist brains can understand. Business will not create new jobs until they are certain that their workload supports hiring more people. Until that time, they will overwork the existing staff, temp out projects, etc. It simply makes no sense to hire in an environment where pending legislation is about to kill an employer with rafts of new taxes and mandates.
highhopes on November 13, 2009 at 10:15 AM
Looks like Obama is NOT the guy to make socialism work. Oh well the lefitsts will keep searching for the magic socialist. It can NOT be the system.
jukin on November 13, 2009 at 10:16 AM
Lets face it, Obama isn’t ever going to own up that massive spending and increasing the deficit to epic proportions, not to mention bailing out banks with billions and billions of dollars just wasn’t the right thing to do. He’ll stand by this folly despite the cold hard facts…double digit unemployment being just one of them. Banks not lending is another.
scalleywag on November 13, 2009 at 10:16 AM
Of course not! I’ve only started and ran two businesses since 1968 to present. If you can’t hire more workers some one has to take up the slack or your out of business. I can measure THAT productivity.Geez! Liberals!
donh525 on November 13, 2009 at 10:17 AM
My own equation is 1/3 Bush hatred, 1/3 racism, 1/3 white guilt.
The media will try to stoke the Bush hatred again in 2012 but it will have been too many years in the past. The black racism may be worse due to the actions of our “post-racial” precedent and white guilt will have run it’s course as even the idiots that this worked on in 2008 begin to see the futility of their guilt.
SKYFOX on November 13, 2009 at 10:20 AM
Don’t insult me again AnninCA I have the credentials.
donh525 on November 13, 2009 at 10:21 AM
Hiring Czar, incoming! You wouldn’t want more taxes on your industry, wouldya?
NickelAndDime on November 13, 2009 at 10:22 AM
The One and his men will fix this pronto.
Just outlaw private employers or allow them to deficit spend.
I heard smart comments just like those from many liberals over the years and we finally have someone in the White House nearly stupid enough to believe them.
IlikedAUH2O on November 13, 2009 at 10:40 AM
Obama is moving in the direction of FDR’s National Recovery Administration. This was eventually thrown out by the Supreme Court. It’s the old saying about history repeating itself, first as tragedy, then as farce.
jwolf on November 13, 2009 at 10:42 AM
Ronnie on November 13, 2009 at 8:18 AM and others have been read.
A lib (who is afraid to come near this place) emailed me and asked who we should tax to get our country moving since we have the worst healthcare on earth, huge war deficits for Bush lies and Haliburton profits and an economy wrecked by predatory lending and Wall Street.
I have other things to do this year so I am just passing it along…
IlikedAUH2O on November 13, 2009 at 10:47 AM
Job summits are for academics. They’re photo-op workshops put together to “study” problems in lieu of actually making decisions and taking action. Fine for professors, pitiful for executives.
At the same time, I’m not sure that this prez suffers from analysis paralysis as much as he is unwilling to do the things that need to be done, so he just buys time, trying to appear thoughtful. Cuts in payroll taxes, tort reform and pragmatic changes in health care, dumping cap and tax and attacking the deficit would give real stimulus to the economy and job creation. However, O considers the Treasure to be his personal piggy-bank and he needs to have his walking around money to buy politicians and supporters.
His ideology requires him to destroy capitalism, but leaves the dilemma. How do you maintain the flow of the slush funds when businesses and employees are failing?
obladioblada on November 13, 2009 at 10:48 AM
The Dow is actually betting against The One you fools!
Yea, jus look at that Dow. As long as the Ponzi scheme works on the deficit spending and interest rates, where are those institutions gonna put their money? How about the fact that the Dow could be seen as betting on a dollar collapse and meltdown. Followed by bailouts.
IlikedAUH2O on November 13, 2009 at 10:55 AM
Our pres is an idiot. My boss has cut the staff to the bone, and really cannot cut anymore without shutting down. Every time I talk to him he is sweating bullets. He would love to put people back to work but you see there is a little problem with that. Evil Profits are way way down due to no one buying. I have been there 18 years and never seen him like this. It does not matter what Reagan, Bush or Clinton did or did not do. We are living in the here and now and the plan to spend our way out is not and will not work and he knows it.
kahall on November 13, 2009 at 11:19 AM
Nah, unemployment is so high because all the evil right wingers are intentionally not finding jobs so Teh One will look bad.
agmartin on November 13, 2009 at 11:20 AM
Ed, you’ve been hanging out with Allahpundit too long. His writing style is starting to rub off on you. Not that that’s a bad thing. ;-)
Spot-on analysis. The Economic Illiterate in Chief doesn’t even recognize that his own policies are at the root of the problem. We are so screwed for the next 3 years (and beyond)
UltimateBob on November 13, 2009 at 11:29 AM
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