Obama: America won’t be in the economic position it was before I got here

posted at 12:15 pm on April 20, 2010 by Ed Morrissey

On one level, this video from Breitbart and Naked Emperor News doesn’t tell us anything we don’t already know. The American economy isn’t recovering, and won’t any time soon, either. Barack Obama gives this sober assessment on “global rebalancing,” but perhaps doesn’t quite realize that he’s reversing himself on what kind of growth we had prior to his election:

Part of this global rebalancing is that they’re going to have to make some decisions as well about how they are approaching their domestic markets. And, you know, part of the bargain that we’re trying to strike within the G-20 framework is to say, “Look, we’ve got to take on our responsibilities in terms of improving our savings rate. You, on the other hand, have to recognize that a purely export-driven strategy of economic growth is not going to work, in that American consumers are just not going to be in the same position, and the American government is not going to be in the same position, that it’s been in over the last several years.

Remember when Obama used to sneer at the years of economic growth under the Bush administration? Well, apparently we’re not going to get back to even those levels, which Obama dismissed during his presidential campaign. And he’s entirely correct, as long as he continues to pursue the economic policies he’s used for the last fifteen months. That’s not a surprise to anyone who’s paid attention to this administration, except that Obama has finally gotten around to admitting it.

This is similar to Jimmy Carter’s “malaise” speech, except that Obama was smart enough not to deliver this one from the Oval Office.


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So what exactly is he planning to run on in 2012? The economy sucks. Iran has the bomb. Taxes are through the roof. Interest rates are through the roof. Gas is 4 bucks a gallon. Uh, elect me or else we’ll return the failed policies of the last 8 years….errr, I meant the 8 years before the last 4.

Doughboy on April 20, 2010 at 1:24 PM

I don’t know, but whoever is running against him has some great material right here. They better keep it in their back pocket.

deidre on April 20, 2010 at 1:28 PM

Doughboy on April 20, 2010 at 1:24 PM

Skyrocketing health care costs should put him over the top.

BuckeyeSam on April 20, 2010 at 1:29 PM

Doughboy on April 20, 2010 at 1:24 PM

don’cha know that he created/saved over 2 million jobs, and gave everyone healthcare and tax cuts
/s
—-
that’s what dear leader will be pounding

cmsinaz on April 20, 2010 at 1:29 PM

Doughboy on April 20, 2010 at 1:24 PM

What a mess. What a bunch of fools the American electorate is. I could see trouble with him, why couldn’t others? He is killing the golden egg layers right before our very eyes.

Who does he expect to pay for all this crazyness. we’re broke, and the guy continues to spend.

Tax and spend is one thing liberals are known for, but borrow and spend to this degree is unprecidented and a roadmap to complete meltdown. Why?

saiga on April 20, 2010 at 1:29 PM

Obama: America won’t be in the economic position it was before I got here

He’s right, it will be far worse. What a bumbling buffoon.

FireBlogger on April 20, 2010 at 1:31 PM

There needs to be a full court press to get his school transcripts and college applications released for public scrutiny. It might just save our Nation.

Key West Reader on April 20, 2010 at 1:31 PM

That hopenchange is a powerful formula!!!! Too bad it’s for destroying a great country and not making us better.

search4truth on April 20, 2010 at 1:31 PM

..someone up there probably already said this, but are you folks getting as queasy as I am about “Man Caused Disasters”, “Saved or Created..”, and now “Global Rebalancing..”?

These guys make up newspeak terms faster than a lush can polish off a bottle of J.D. Black.

..someone needs to take this piece of crap Supreme PantLoad to Room 101 and give him a close-up view of rat jaws.

The War Planner on April 20, 2010 at 1:31 PM

Want the cold hard facts? Click HERE

DoublePlusGood y’all. We are in the midst of a grand change and it will be apparent real soon..

Gob on April 20, 2010 at 12:57 PM

Gads. Your second link there was very depressing.

But this should cheer you up.

BowHuntingTexas on April 20, 2010 at 1:32 PM

That hopenchange is a powerful formula!!!! Too bad it’s for destroying a great country and not making us better.

search4truth on April 20, 2010 at 1:31 PM

It’s accomplishing what he wants it to accomplish. Remember when he told that little girl that the best days were behind us? He really meant it!

deidre on April 20, 2010 at 1:33 PM

Re-distribution of wealth? Take it from the earners and give it to the loafers? Follow the bouncing ball on that and tell me how it is a sustainable model for the future.

It is beyond foolishness and will crash the whole shitaree.

saiga on April 20, 2010 at 1:34 PM

And there will probably be riots when some people find out they can’t get their gub’mint health care because it doesn’t start for a few years. No unicorns, either.

Cody1991 on April 20, 2010 at 1:27 PM

I actually am worried about riots. What happens when state and local governments start cutting off the welfare recipients because they’re out of money? Look what happened in Greece. Now imagine that with a younger population and mix in a lot of guns.

Doughboy on April 20, 2010 at 1:36 PM

5% unemployment, 4% GDP growth….man how did we ever survive the Bush Depression?

angryed on April 20, 2010 at 1:37 PM

Tax and spend is one thing liberals are known for, but borrow and spend to this degree is unprecidented and a roadmap to complete meltdown. Why?

saiga on April 20, 2010 at 1:29 PM

It’s by design. It’s intentional. A society that is controlled by the government through heavy taxation is weak. Zippy wants to destroy the middle class, limit upward mobility and leave governance to the elite, the wealthy, the oligarchs.

That is why health care was such a big deal. Now that they have control of services vital to one’s well being they can wield a tremendous amount of control over our lives.

Remember what the Zero said the other day to his wealthy donors…. ‘You’d think they would say thank you’. Something like that. That is his attitude toward us. We take what we get – from him – and we’re expected to show the proper gratitude.

He’s a real piece of work.

Cody1991 on April 20, 2010 at 1:37 PM

Remember Uncle Jimmy C. sitting in the Oval Office with his sweater on and thermostat on the wall turned down? Well, Jimmy’s back! Now let us pray for Reagan and his smile and words of encouragement and can-do spirit that wasn’t a political slogan but reality. “Yes we can” has evolved in 1 year to “No, we can’t”.

Herb on April 20, 2010 at 1:38 PM

I’m sure that smart money is on an exodus like never before. Who would want to live here once the nuts control the entire nuthouse?

saiga on April 20, 2010 at 1:39 PM

“The last man nearly ruined this place/
he didn’t know what to do with it/
if you think this country’s bad off now/
just wait ’till I get through with it/

The country’s taxes must be fixed/
and I know what to do with it/
if you think you’re paying too much now/
just wait ’till I get through with it/

Groucho Marx (as new Fredonian President Rufus T. Firefly) in Duck Soup (1933)

jon1979 on April 20, 2010 at 1:39 PM

ObaMao: And, you know, part of the bargain that we’re trying to strike within the G-20 framework is to say, “Look, we’ve got to take on our responsibilities in terms of improving our savings rate.

Whom is he addressing here? If he is talking about individuals, there will be little to save if incomes are eaten up by rising costs and inflation. Taxing the interest on savings and investments does little to incentivize saving.

If he is talking about the government, then his administration and its Dem enablers are not saving. They are on a drunken spending spree with a credit card.

I notice that ObaMao is not wearing his SEIU tie at this meeting, where he is “dazzling” the other side of the bargaining table with his BS.

Has ObaMao considered that a huge cut in corporate taxation and regulation might shift that skewed balance of trade better in our favor?

onlineanalyst on April 20, 2010 at 1:39 PM

….except that Obama was smart enough not to deliver….

Those words just never work together in any context.

Animator Girl on April 20, 2010 at 1:41 PM

I actually am worried about riots. What happens when state and local governments start cutting off the welfare recipients because they’re out of money? Look what happened in Greece. Now imagine that with a younger population and mix in a lot of guns.

Doughboy on April 20, 2010 at 1:36 PM

Yep. Considering the real rate of unemployment and the way this administration agitates I think it’s only a question of time. It’s what this guy wants. He doesn’t care who gets hurt. If he truly did, the first order of business would have been job creation. Instead, we get this stinking health care fiasco, massive spending on phony job creation, deficits through the roof while he parties on a the WH and flies around the world bowing and yapping like a fool.

Cody1991 on April 20, 2010 at 1:42 PM

It’s like 1978 all over again……….the only difference is it’s JIMMY CARTER ON STEROIDS!!!!

WHICH MEANS……….Reagan is coming!!!!

PappyD61 on April 20, 2010 at 1:42 PM

Cody1991 on April 20, 2010 at 1:37 PM

It looks to me like he wants to destroy the wealthy, kind of like the “Cultural Revolution”.

Didn’t that work out well.

saiga on April 20, 2010 at 1:44 PM

Screw it. Full speed ahead. The sooner we wreck this train the sooner we can get to picking up the pieces.

donkichi on April 20, 2010 at 1:45 PM

So what exactly is he planning to run on in 2012? The economy sucks. Iran has the bomb. Taxes are through the roof. Interest rates are through the roof. Gas is 4 bucks a gallon. Uh, elect me or else we’ll return the failed policies of the last 8 years….errr, I meant the 8 years before the last 4.
Doughboy on April 20, 2010 at 1:24 PM

Uh, elect me or else we’ll return the failed policies of the last 8 years….errr, I meant the 8 years before the last 4.

Looks like the Democrat National Socialist Party has a great campaign slogan there.

Chip on April 20, 2010 at 1:45 PM

Didn’t this clown pay attention to the years of double-digit, long-term unemployment in the European socialist-state model?

onlineanalyst on April 20, 2010 at 1:45 PM

The “cultural revolution”

saiga on April 20, 2010 at 1:46 PM

And there will probably be riots when some people find out they can’t get their gub’mint health care because it doesn’t start for a few years. No unicorns, either.

Cody1991 on April 20, 2010 at 1:27 PM

I actually am worried about riots. What happens when state and local governments start cutting off the welfare recipients because they’re out of money? Look what happened in Greece. Now imagine that with a younger population and mix in a lot of guns.

Doughboy on April 20, 2010 at 1:36 PM

Oh there will be riots and civil unrest alright!

Gob on April 20, 2010 at 1:47 PM

He’s trying to get people in the mindset of accepting mediocrity, i.e., whatever socialism allows them. You saw it already with the NYTimes article a few weeks ago on how people (other than the ruling elites) just couldn’t expect to get all the medical care the wanted, particularly new, expensive ones.

It takes time to turn a free people into junkies dependent on whatever the government allows them (and grateful for the scraps of choice the government allows them), so he’s starting now.

Wethal on April 20, 2010 at 1:47 PM

There needs to be a full court press to get his school transcripts and college applications released for public scrutiny. It might just save our Nation.

Key West Reader on April 20, 2010 at 1:31 PM

I agree. I’d love to see what this clown actually studied at Occidental and Columbia. My guess is that it was a lot of nonsense. Much of law school (at least the first three of the six semesters) is standard for everyone at the school. But I’d love to see what electives he took.

BuckeyeSam on April 20, 2010 at 1:48 PM

Didn’t this clown pay attention to the years of double-digit, long-term unemployment in the European socialist-state model?

onlineanalyst on April 20, 2010 at 1:45 PM

Of course not. And anyway, a lot of Europeans got used to that and would tell you that it’s just spiffy if you asked them. They hardly notice that their standard of living is total crap by comparison with the US. Obama’s just banking on us getting used to that same crappy standard of living. Unfortunately for him, elephants have long memories….

Animator Girl on April 20, 2010 at 1:49 PM

He’s trying to get people in the mindset of accepting mediocrity, i.e., whatever socialism allows them. You saw it already with the NYTimes article a few weeks ago on how people (other than the ruling elites) just couldn’t expect to get all the medical care the wanted, particularly new, expensive ones.

Yes, my point exactly.

Animator Girl on April 20, 2010 at 1:50 PM

BTW, Slightly off thread……

BECK was talking this morning about how the EPA is bonding with the BOYS AND GIRLS CLUBS OF AMERICA (anyone remember his comment about a civilian force bigger and better funded than our military?). Well this actually started back in 1999 (with the code words “ENVIRONMENTAL JUSTICE“). Then if you Google it you can find in 2004 the BUSH Administration EPA accelerated the Environmental justice drive.

BOTH PARTIES want what OBAMA is preaching THAT is why you don’t hear narry a peep out of the GOP (OVER AND OVER AGAIN).

Economic justice, Social Justice, Environmental justice,

COMMUNISM!!!!!

PappyD61 on April 20, 2010 at 1:50 PM

How to avoid this: The U.S. military declares bankruptcy a threat to national security, removes Obama and the Dems from office and hauls them all off to Gitmo.

Well I can dream, can’t I?

RustBelt on April 20, 2010 at 1:51 PM

Didn’t this clown pay attention to the years of double-digit, long-term unemployment in the European socialist-state model?

onlineanalyst on April 20, 2010 at 1:45 PM

Sure he did. The European model is exactly what they want to replicate. The Dems are replicating a failed model. That was always the plan.

The hate this country especially a strong, upwardly mobile middle class, and they are hell bent on destroying it. That’s why they malign the Tea Party group. They’re a real threat to the power grab going on in DC.

We are supposed to do what is done in the UK and Europe – shut up and pay taxes. Let the ruling class make the decisions.

It’s as simple as that.

Cody1991 on April 20, 2010 at 1:53 PM

This is exactly what Obama wants.

During the campaign, he said something to the effect that Americans use too much of the world’s resources, far more than our “fair” share, and that we’re going to have to get used to living with less.

Now, you’d think that a candidate running on the platform of “Vote for me! I’ll lower your standard of living!” would have a hard time getting elected. But it happened.

Reducing the average American’s buying power and standard of living? All part of the Obama plan.

tsj017 on April 20, 2010 at 1:57 PM

“Look, we’ve got to take on our responsibilities in terms of improving our savings rate.

Ya know, Barry O, if you cut taxes like Bush did, we’d have more money to save or invest in 401K’s and buy shares of profitable companies. WE didn’t want to buy General Motors, but YOU bought it with OUR money!

American consumers are just not going to be in the same position, and the American government is not going to be in the same position, that it’s been in over the last several years.

And WHY NOT??? Because Tony SopranObama ripped us off!

George W. Bush: Miss me yet?

Steve Z on April 20, 2010 at 2:03 PM

How to avoid this: The U.S. military declares bankruptcy a threat to national security, removes Obama and the Dems from office and hauls them all off to Gitmo.
Well I can dream, can’t I?
RustBelt on April 20, 2010 at 1:51 PM

You know it’s too bad we aren’t like Starfleet in that the Medical officer can declare the Captain of the ship incompetent and intercede in their command decisions.

Everyday those people are getting closer and closer to being certifiably insane.

Maybe that kind of power in the hands of a select group of medial professionals would give the commanding elite of the Democratic National Socialist Party some pause as to what they are really doing to this country.

Chip on April 20, 2010 at 2:05 PM

Steve Z on April 20, 2010 at 2:03 PM

He’s admitting that he can’t/won’t improve the situation. Yep. He was going to fix all those things that Bush broke.

He isn’t, and he has no intention of doing anything that will improve the lives of ordinary Americans. That said, he should resign.

Cody1991 on April 20, 2010 at 2:07 PM

O.T. Just heard Rush talk about the people stranded because of the volcano & going broke waiting to get back home . If it was me I would go by Train,Boat – or Rental car – . when I have been on planes sometimes I get a feeling of being herded . ” Not Good” I don’t like it – I’m a Tea Party kind-of Guy – “Not a Sheep”

wheels on April 20, 2010 at 2:09 PM

Success!
-Bleeds Blue

Universal poverty with the exception of the ruling class is democrat utopia. Make no mistake.

Inanemergencydial on April 20, 2010 at 2:12 PM

He seeks to lower the playing field not level it. And guess where the playing field is in his tiny mind?
Human wrecking ball…

In case you hadn’t seen this….

http://fellowshipofminds.wordpress.com/2010/04/02/the-truth-about-obamas-teaching-at-chicago-law-school/

Army Brat on April 20, 2010 at 2:15 PM

You know, someone has to come out and correct this lie that we have been living with since the 1930′s. Spending cuts are stimulating to the economy — spending suppresses the economy. We are going to keep digging ourselves into economic holes until the truth is widely known.

Count to 10 on April 20, 2010 at 2:40 PM

If they don’t bring impeachment proceedings against this hideous fraud starting in January and run his ass off, by the time he gets voted out, this will no-longer be America.

It might not be already.

Dave R. on April 20, 2010 at 2:42 PM

O.T. Just heard Rush talk about the people stranded because of the volcano & going broke waiting to get back home . If it was me I would go by Train,Boat – or Rental car – . when I have been on planes sometimes I get a feeling of being herded . ” Not Good” I don’t like it – I’m a Tea Party kind-of Guy – “Not a Sheep”

wheels on April 20, 2010 at 2:09 PM

I’ve heard that all of the land transportation is totally booked solid because of the air travel freeze.

Count to 10 on April 20, 2010 at 2:42 PM

Can someone riddle me why the heck he ran for office, when he “knew how bad things were”, and he was gonna “fix it”, not whine all this time?

ProudPalinFan on April 20, 2010 at 2:51 PM

Click HERE for the article on the peeps going broke because of that volcano ash. Man, I really feel for them.

Gob on April 20, 2010 at 2:53 PM

NS Sherlock

Wade on April 20, 2010 at 3:10 PM

You, on the other hand, have to recognize that a purely export-driven strategy of economic growth is not going to work, in that American consumers are just not going to be in the same position, and the American government is not going to be in the same position, that it’s been in over the last several years.

Translation: Since our single minded focus on damaging and controlling the private sector will obviously make our people poorer and more dependent on us, they obviously wont have the economic freedom to purchase your goods.

RadClown on April 20, 2010 at 3:17 PM

America will never be in the same position on anything when you get through with us, King Obama.

mobydutch on April 20, 2010 at 3:30 PM

It’s the economy Bush’s fault, stupid.

Christien on April 20, 2010 at 3:33 PM

Count to 10 – Yes – lag time – you have to act quickly to be ahead of the curve/rush . it’s like 20 in line if you “waffle” your decision ..

wheels on April 20, 2010 at 3:35 PM

Great stuff for R campaigns, commercials and stump speeches that should constantly hammer berri with his own loser’s words. Then, summarize with a slogan like:
“Obama’s Hopenchange – America’s Disaster”.

tigerlily on April 20, 2010 at 3:40 PM

I think that he likes the China model myself, although a little Venezuela thrown in might apply, too.

Seriously, some interviewer should ask ObaMao whose economic model he finds ideal, It would be intriguing to hear his long-winded spin of a response.

onlineanalyst on April 20, 2010 at 1:20 PM

I presume you mean Mao’s China – the modern one seems to think it can have both prosperity and wanton oppression.

steveegg on April 20, 2010 at 4:48 PM

But, of course; Obama could have an intelligent discussion with Albert Einstein, and confuse him with the facts.

Cybergeezer on April 20, 2010 at 6:44 PM

What happened to the “Yes, we can” attitude?
Sheesh! The guy just backed right down from that!

ToddonCapeCod on April 20, 2010 at 7:33 PM

Obama: America won’t be in the economic position it was before I got here

Gee, ya think?

ya2daup on April 20, 2010 at 9:03 PM

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