Obama: I’d give myself a B+; Update: Video added

I think Obama’s grade should reflect the crack staff he has assembled in dealing with the No.1 issue facing America right now….The Economy:

“We are in the worst financial crisis since the Great Depression”

Barak Obama
Feb. 2009

“They’re (the economy)not as bad as we think they are now.”

Barak Obama
Mar. 2009

“Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren,” Obama said in a 2006 floor speech that preceded a Senate vote to extend the debt limit. “America has a debt problem and a failure of leadership.”

Obama later joined his Democratic colleagues in voting en bloc against raising the debt increase.
Obama,2006
on raising the debt limit.

That was then…this is now..

Now Obama is asking Congress to raise the debt ceiling(13 trillion), something lawmakers are almost certain to do despite misgivings about the federal debt. The ceiling already has been hiked three times in the past two years, and the House took action earlier this year to raise the ceiling to $13 trillion.

Congress raised the debt limit just a few months ago when it passed the $787 billion stimulus package.

Obama ,2009
on raising the debt limit for
the third time in one year

Do you think Obama still thinks this shows a failure of leadership?????????????

White House Office of Management and Budget director Peter Orszag declared that “fundamentally, the economy is weak.”

Peter Orszag
Mar. 2009

White House Budget Director Orszag: “Elevated Deficits Are Beneficial”

White House Budget Director
Peter Orszag, Feb. 26, 2009

Economic adviser Christina Romer. When asked during an appearance on NBC’s “Meet the Press” if the fundamentals of the economy were sound, she replied: “Of course they are sound.”

Christina Romer (Obama Economic Advisor)
Mar. 2009

During the fall campaign, Obama relentlessly criticized his Republican opponent, Sen. John McCain, for declaring, “The fundamentals of our economy are strong.” Obama’s team painted the veteran senator as out of touch and failing to grasp the challenges facing the country.
Barak Obama
Nov. 2008

democrats say “the recession is over!!!!
During my “This Week” interview, Summers said that “everybody agrees that the recession is over,” but he did not say when the unemployment rate could be expected to drop further. 

Larry Summers
Dec.13,2009

…..Wait…..not so fast…….

Politico: Asked by moderator David Gregory if the recession were over, [White House economic adviser Christina] Romer shot back: “Of course not. For the people on Main Street and throughout this country, they are still suffering, the unemployment rate is still 10 percent.”
Christina Romer
Dec.13,2009

….Good thing the adults are in charge!!!!!

“‘Chinese assets are very safe,’ Geithner said in response to a question after a speech at Peking University, where he studied Chinese as a student in the 1980s.

Tim Geithner
Speech in China, 2009

“It will be helpful if Geithner can show us some arithmetic.”

Chinese response to Geithner concerning their assets

being safe.

“China has woken up. The West is a black hole with all this money being printed. The Chinese are buying raw materials because it is a much better way to use their $1.9 trillion of reserves. They get ten times the impact, and can cover their infrastructure for 50 years.”

Geithner Aides Reaped Millions Working for Banks, Hedge Funds

Oct. 14 (Bloomberg) — Some of Treasury Secretary Timothy Geithner’s closest aides, none of whom faced Senate confirmation, earned millions of dollars a year working for Goldman Sachs Group Inc., Citigroup Inc. and other Wall Street firms, according to financial disclosure forms.

Mark Penn’s two firms awarded millions from stimulus for PR campaign

A contract worth nearly $6 million in stimulus funds was awarded by the Obama administration to two firms run by Mark Penn, Hillary Clinton’s pollster in 2008.
Federal records show that a contract worth $5.97 million, part of the $787 billion stimulus Congress passed this year, helped preserve THREE JOBS at Burson-Marsteller,

Unemployment is in double digits,Deficits in the trillions,Taxes going sky high,The Dollar becoming null and void,Foreign investors pulling out of America,GM,Chrysler,and Banks being taken over by the government ,and the President has this to say about his failed stimulus:

That is why I have moved quickly to work with my economic team and leaders of both parties on an American Recovery and Reinvestment Plan that will immediately jumpstart job creation and long-term growth. …
There is no doubt that the cost of this plan will be considerable.  It will certainly add to the budget deficit in the short-term.  But equally certain are the consequences of doing too little or nothing at all, for that will lead to an even greater deficit of jobs, incomes, and confidence in our economy.  It is true that we cannot depend on government alone to create jobs or long-term growth, but at this particular moment, only government can provide the short-term boost necessary to lift us from a recession this deep and severe.

Barack Obama
January 8, 2009

In a little over one hundred days, this Recovery Act has worked as intended…
Obama statement regarding the stimulus
Saturday radio address,July 11, 2009

STIMULUS MATH: $246,436 cost per job so far…

What recovery? Unemployment shoots past 10 percent
By JEANNINE AVERSA and CHRISTOPHER S. RUGABER, AP Economics Writers

3.7 million jobs lost since the signing of the stimulus!!!!!

Obama criticized rushing through legislation when he was a Senator:

OBAMA: “When you rush these budgets, that are a foot high and nobody has any idea what’s in them and nobody has read them –”

RHODES: “Fourteen pounds, it was.”

OBAMA: “Yeah, it gets rushed through without any clear deliberations or debate, then these kinds of things happen.  And I think that this is in some ways what happened to the Patriot Act.  I mean, you remember there was no real debate about that.  It was so quick after 9/11 that it was introduced that people felt very intimidated by the administration.”
Obama interview with
Air America, 2004

Now that he is President….
not so much:

Good news: Congress ready to vote on 1,000-page stimulus bill it hasn’t read yet

The Democratic bills in the House and Senate are a thousand pages long. They’re still changing as committees try to mark them up, or as they mark up other versions of health insurance legislation. There’s huge uncertainty about how lots of provisions in the bills and under consideration would work.

“The time for talk is through.”
“now is the time to go ahead and act.”

President Obama, talking to liberal bloggers on a conference call July 21,2009.

“I don’t want the folks who created the mess to do a lot of talking; I don’t mind cleaning up the mess, just don’t do a lot of talking”

Barack Obama
Aug. 8, 2009 , Virginia speech

Now we get this:

“Why don’t you grab a mop…why don’t you help clean up….”

Obama in New Orleans, Oct. 2009

Which is it Obama…you want us to “shut up” or” help clean up”….

yeaaaa right….”Let me be Clear.”….God I wish you would be.

According to the AP, Obama and his liberal friends did help create this mess:

FACT CHECK: Obama disowns deficit he helped shape
By CALVIN WOODWARD, Associated Press Writer Calvin Woodward, Associated Press Writer

WASHINGTON – “That wasn’t me,” President Barack Obama said on his 100th day in office, disclaiming responsibility for the huge budget deficit waiting for him on Day One.
It actually was him — and the other Democrats controlling Congress the previous two year

“I’m sorry I’m not an economist,” Biden said as he was describing the methodology. “My background is foreign policy and the constitution.

“I’m absolutely, positively confident we are on the right track,” he said of the $787 million package.
Joe Biden, July 16, 2009
J Sargent Reynolds Community College

(On failure of the Stimulus)
“The figures we worked off of in January were the consensus figures and most of the blue chip indexes out there,” Biden said. “We misread how bad the economy was,

VP Joe Biden on ABC’s This Week,
July 5,2009

“Now, people when I say that look at me and say, ‘What are you talking about, Joe? You’re telling me we have to go spend money to keep from going bankrupt?’” Biden said. “The answer is yes, that’s what I’m telling you.”

Joe Biden,AARP meeting
July 16, 2009

And remember….according to the “smartest democrat in the Senate” J-O-B-S is a three letter word….

Way to go Slow Joe….

As one CEO of a major financial firm told me: “The economic guys say that when they explain the costs of programs, the policy guys simply thank them for their time and then ignore what they say.”

The executive said he told the president that he’s at a disadvantage because he’s relatively inexperienced in economic matters during a time of economic crisis. “That’s why I have Valerie,” came Obama’s reply.
“Valerie” is senior adviser Valerie Jarrett — a Chicago real-estate attorney and one of Obama’s closest friends,

Now you know why Wall St. is so nervous!!!

Regulators close 2 Florida banks, 1 in California; 130 US bank failures this year (09)

Obama administration predicts $30B loss on auto bailout

Foreclosures: ‘Worst three months of all time’
Despite signs of broader economic recovery, number of foreclosure filings hit a record high in the third quarter – a sign the plague is still spreading.

Dollar loses reserve status to yen & euro
By PAUL THARP
Posted: 1:44 AM, October 13, 2009

Ben Bernanke’s dollar crisis went into a wider mode yesterday as the greenback was shockingly upstaged by the euro and yen, both of which can lay claim to the world title as the currency favored by central banks as their reserve currency.

Weak dollar no quick fix for narrowing trade gap
By CHRISTOPHER S. RUGABER and MARTIN CRUTSINGER, AP Economics Writers

WASHINGTON – A weaker dollar may boost the nation’s economy by increasing exports and narrowing the trade gap — but that won’t happen anytime soon.
Instead, the nation’s trade deficit rose in September by the largest percentage in a decade as U.S. exports grew for the fifth straight month, but imports rose faster, a government report showed Friday.

Wages tumble toward 18-year low

By Dennis Cauchon and Paul Overberg, USA TODAY
A bad economy and low inflation are starting to drag down wages for millions of everyday workers and freeze benefits for millions of retirees.

We (the United States) tax everything that moves and doesn’t move, and that’s not what we see in Pakistan,” she said.
Hillary Clinton
Oct. 30, 2009 in Pakistan

THIS IS CALLED ABSOLUTE FAILURE…..F

“Yes We Can!!!!!!!!!!!!!!!!!!!!!!!!!!!”

Baxter Greene on December 14, 2009 at 12:18 PM