Video: Last man in America who’s not worried about a double-dip recession speaks

posted at 6:28 pm on June 7, 2011 by Allahpundit

In fairness, he gave the only answer he could realistically give. There’s no way he’s going to cop to the possibility of a new recession with the public — not to mention his campaign team — already in a panic about the deterioration in jobs growth and other economic indicators. So he gave the hopeful response, knowing, no doubt, that if he’s proved wrong, this will become one of the most infamous soundbites of his reelection bid.

Then again, if we end up double-dipping, there won’t be much of a reelection bid anyway. Robert Reich:

Together with plummeting housing prices, falling wages for non-supervisory workers, a paltry 1.8 percent growth in the first quarter, and a precipitous drop in consumer confidence, the picture should be clear to anyone able to see clearly.

The recovery has stalled.

We’re not in a double dip yet, but the odds are increasing…

The President cannot be reelected if the economy tanks. He may not even be reelected on an anemic recovery in which unemployment remains nearly this high. But all incumbents are endangered. Republican House members from swing districts are toast if they don’t show voters they’re actively working on the twin problems of jobs and wages.

Really? After two years of economic misery during a period of solid Democratic rule in 2009-10, amid endless Republican talking points about the failed stimulus and “Obama’s economy,” swing voters are going to turn around during a presidential election campaign and … split their ballots to apportion blame to congressional GOP incumbents? From what I remember, that’s not how things worked out vis-a-vis the financial crisis in 2008 even though Democrats had controlled Congress for almost two years when it struck. That election was framed as a contrast between Bush’s failings and the promise of Hopenchange, and Democrats benefited across the board. This time, it’s Obama’s failings that’ll be front and center. Like it or not, as Charlie Cook points out, Reich’s party owns this issue — which of course is why they’re so eager to talk about Medicare. “Boehner deserves some blame too!” won’t save them with Obama at the top of the ballot, especially when the Senate is also controlled by Democrats. But “Paul Ryan wants to kill grandma” might.

Exit question: Has the double dip already begun? Click the image to watch.


Related Posts:

Breaking on Hot Air

Blowback

Note from Hot Air management: This section is for comments from Hot Air's community of registered readers. Please don't assume that Hot Air management agrees with or otherwise endorses any particular comment just because we let it stand. A reminder: Anyone who fails to comply with our terms of use may lose their posting privilege.

Trackbacks/Pings

Trackback URL

Comments

Clueless Leader

Roy Rogers on June 7, 2011 at 6:31 PM

PIC OF THE DAY

Twitter Weiners

A Long List Of Sports Figures Who’ve Also Claimed Their Twitter Was Hacked!!

Nearly Nobody on June 7, 2011 at 6:32 PM

“Don’t panic” says the panic-striken lying theiving pseudo-president.

GaltBlvnAtty on June 7, 2011 at 6:32 PM

“thieving”
sorry

GaltBlvnAtty on June 7, 2011 at 6:32 PM

He is trying to stabilize oil prices worldwide? Is that what he is calling his actions in Libya and the ME?

txmomof6 on June 7, 2011 at 6:33 PM

Yeah, so? FDR got elected 3 more times during Great Depression 1.0.

joeindc44 on June 7, 2011 at 6:34 PM

google cotangent curve and that will tell you what you need to know about the double dip.

chemman on June 7, 2011 at 6:34 PM

Dumb people generally can’t rationalize anything, threat or otherwise.

tarpon on June 7, 2011 at 6:37 PM

Yeah, so? FDR got elected 3 more times during Great Depression 1.0.

joeindc44 on June 7, 2011 at 6:34 PM

Jimmy Carter breathing a sigh of relief at being replaced as worst President EVUH

Roy Rogers on June 7, 2011 at 6:38 PM

Nearly Nobody on June 7, 2011 at 6:32 PM

why do you do that?

equanimous on June 7, 2011 at 6:39 PM

Has the double dip already begun?

When did the last recession end?

upinak on June 7, 2011 at 6:40 PM

Together with plummeting housing prices, falling wages for non-supervisory workers, a paltry 1.8 percent growth in the first quarter, and a precipitous drop in consumer confidence, the picture should be clear to anyone able to see clearly.

Obama is AWESOME!!!!!!

The recovery has stalled.

…..What recovery!!!!

Baxter Greene on June 7, 2011 at 6:40 PM

We have double dips with recessive genes at the top of the administration. Obama/Biden: “Leading” from Behind!

onlineanalyst on June 7, 2011 at 6:41 PM

joeindc44 on June 7, 2011 at 6:34 PM

Different economic environment. During FDR’s time we hadn’t sold our birthright for a bowl of porridge and a world war finally got us out of the funk. Are you advocating for another world war? Are you a slaver who thinks it is good to place our progeny in slavery to pay for our wants today rather than tighten our belts and fix the problem.

chemman on June 7, 2011 at 6:41 PM

When did the last recession end?

upinak on June 7, 2011 at 6:40 PM

exactly…

equanimous on June 7, 2011 at 6:41 PM

So he gave the hopeful response, knowing, no doubt, that if he’s proved wrong, this will become one of the most infamous soundbites of his reelection bid.

Yeah, we’d like to think so.

GrannyDee on June 7, 2011 at 6:42 PM

Of course he isn’t worried about a double dip because he knows we have never come out of the first dip.

Buddahpundit on June 7, 2011 at 6:42 PM

Of course he is not worried. He already has his – millions from the sales of ghost-written books. He cares not about American citizen.

maryo on June 7, 2011 at 6:42 PM

Everything this White House does appears either evil and diabolical or downright stupid.

Obama’s staff must be snorting powdered “Communist Manifest” or mainlining heroin. One or the other.

darwin on June 7, 2011 at 6:43 PM

“I’m Not Concerned About A Double-Dip Recession Your Doomed Capitalist System of Exploitation”

AshleyTKing on June 7, 2011 at 6:44 PM

The next question…

Are we in a Depression, and when did it orginally start? When the Stock went down over 1000 points in a couple hours? When The banks were about to cave due to bad loans (early 2008)?

upinak on June 7, 2011 at 6:45 PM

” Reich’s party owns this issue — …”

The Democrats caused this with their government intervention into the free markets and social engineering of the housing, food, and energy markets based on a failed ideology…

… Will they change their ideology and Marxist/Socialist beliefs, or will they continue down this road to destruction?

If you haven’t already…

… I would be stocking up on extra food.

Seven Percent Solution on June 7, 2011 at 6:45 PM

Since he actively hates this country, he’s ok with all that. As long as his public sector union thugs get theirs.

joeindc44 on June 7, 2011 at 6:47 PM

Obama could fix all of this if he would help repeal ObamaCare and sign a budget that reflect huge spending cuts.

Any chance he’ll try this?

blink on June 7, 2011 at 6:44 PM

Ok. I’ll start:

When pigs fly.

Anyone else?

GrannyDee on June 7, 2011 at 6:49 PM

“I’m not concerned”
BHO

Yeah, we know. Now just step aside before you kill the middle class.

Oh, wait…

Key West Reader on June 7, 2011 at 6:50 PM

chemman on June 7, 2011 at 6:41 PM

I think joeindc44 just forgot his /sarc tag… I could be wrong, though…

Mary in LA on June 7, 2011 at 6:51 PM

Nothing more than a bump in the road!

rjoco1 on June 7, 2011 at 6:52 PM

If you haven’t already…

… I would be stocking up on extra food.

Seven Percent Solution on June 7, 2011 at 6:45 PM

Extra food & extra brass
Obama can’t kick my middle class azz

I may have a garden, too
Will that bring out the
Big ole Moo?

Key West Reader on June 7, 2011 at 6:53 PM

chemman on June 7, 2011 at 6:41 PM

people so quickly forget and the elderly cannot always remember.

:(

upinak on June 7, 2011 at 6:53 PM

“The Smartest Man in the World” can’t see the handwriting on the wall.

Can hardly wait for the return of “It’s all Bush’s fault!”.

GarandFan on June 7, 2011 at 6:55 PM

Mary in LA on June 7, 2011 at 6:51 PM

If he did I’ll apologize.

chemman on June 7, 2011 at 6:56 PM

Oh well… he knows he has a job for at least two more years and it pays pretty well.

myrenovations on June 7, 2011 at 6:56 PM

Really? After two years of economic misery during a period of solid Democratic rule in 2009-10,

I wish people would highlight that it’s more like four years of economic misery during a period of solid Democratic rule in 2006-10

Ditkaca on June 7, 2011 at 6:56 PM

“See… I told you Capitalism doesn’t work!”

– His majesty, the Holy, el Presidente for life, Colonel Barack Hussein Obowma as Martial Law is declared…

Seven Percent Solution on June 7, 2011 at 6:57 PM

i wonder if jeep wranglers can handle these double dip ‘bumps in the road’???

we’ll see.

ted c on June 7, 2011 at 6:58 PM

I swear, somehow, I want this man to need my help one day.

SouthernGent on June 7, 2011 at 6:59 PM

I didn’t really understand Chemman’s comments. My point is that there’s a lot of people out there that vote for bad politicians, consistently and without the slightest awareness of it all.
There are old farts running around to this day who still worship FDR and all the handouts and other crap he did while ignoring that his policies caused Great Depression 1.0.
There’s a danger that the same psychosis could (as I see every day driving on the DMV beltway) catch on again to the hopey changey set.
Obama should’ve been impeached when he started sending his union thug goons to intimidate corporate leaders but to the reality based community, the greatest crime in America was Palin coining the phrase death panels (the biggest lie of 2010, don’t you know?).

joeindc44 on June 7, 2011 at 7:02 PM

Obama is a disgusting loser . . . he’d lie rather than admit to the people that this country has dire economic problems, is without unity and is without leadership. Protecting his own petty career and keeping his perks are the most important things in his life. Absolutely disgusting.

rplat on June 7, 2011 at 7:04 PM

I wish people would highlight that it’s more like four years of economic misery during a period of solid Democratic rule in 2006-10

Ditkaca on June 7, 2011 at 6:56 PM

Blame RINO’s

They squander every opportunity Obama gives them.

Roy Rogers on June 7, 2011 at 7:05 PM

So he gave the hopeful response, knowing, no doubt, that if he’s proved wrong, this will become one of the most infamous soundbites of his reelection bid.

Gutsy! Seriously, who in the MSM is going to throw this back in his face? Remember his 2009 “hard pivot” on jobs? Forgotten not only by the Putz but the press as well.

He’s like a small child who flits from one thing to another, picking up anything shiny that interests his short lived fancy. Diversions paid by the public are his true passion, parties at the WH, travel aka, ‘The Obamas Grand World Tour’, sports events, bull$hitting with sport celebrities, endless golf. It’s all fun and games for the Obies.

Cody1991 on June 7, 2011 at 7:06 PM

Also:

Daily economic briefings disappear from Obama’s White House schedule

At some point during the first two years of his administration, President Obama stopped receiving the daily economic briefing that he requested when he took office.

It was probably a facade anyway, but now he doesn’t even care about the facade.

INC on June 7, 2011 at 7:11 PM

It was probably a facade anyway, but now he doesn’t even care about the facade.

INC on June 7, 2011 at 7:11 PM

Why bore le petite prince with such dullness? It simply cannot be allowed.

The rumor is that he’s glued to ESPN much of the time, and it’s about the only thing that excites him.

Cody1991 on June 7, 2011 at 7:13 PM

The proper way to look at it is indeed the end of the Gingrich era when Nancy took over in 2006, that’s when the regulatory environment took a big turn, not to mention the federal minimum wage increase. I also suspect that the biggest damage to the growability of the economy is Sarbox.
Nonetheless, Bush can’t really get blamed for the Fannie Mae explosion bubble burst, but we’ve already gone over that.
The biggest failing of Bush/McCain was to silently accept by implication all the blame for the 2008 crash in the housing market and its economic chaos by failing to fight back.
Capitalism didn’t fail, government created bubbles failed.

joeindc44 on June 7, 2011 at 7:14 PM

So much shucking and jiving, it’s like watching the Harlem Globetrotters.

John the Libertarian on June 7, 2011 at 7:14 PM

because gas prices are rising so much its important that we have a sound energy policy

Mmmm hhhmm. That way by the year 2025 we can get 10% of our energy from solar and wind instead of 5%.

Boy, howdy there Barry. That’ll sure do it.

“What’s that ? How will my sound energy policy lower gas prices in 2011 ? Well, gee, it won’t. Guess you got me there”

Good thing for Barry the media doesn’t ask such questions.

deadrody on June 7, 2011 at 7:17 PM

Cody1991 on June 7, 2011 at 7:06 PM

For what it’s worth, I think it is much more insidious than that.

Key West Reader on June 7, 2011 at 7:19 PM

Just one word works for this……Really?!

Johnnyreb on June 7, 2011 at 7:20 PM

How many of us would not be called insane if we ran our own households like Obama runs this country?

CW on June 7, 2011 at 7:21 PM

WOW…So calm,cool,courageous,he’s not worried…having led troop into battle in Pakistan, having been blooded in with seal team 6, he’s leading the troops, sword drawn, not concerned about his safty, but concerned only for the welfare of his troops!! I am so comforted! Not only is he like Regan and Kennedy and Lincoln, but a warrior, like Patton, Puller, Grant….boy are we lucky. I think the reason he’s not worried is…he doesnt care!!

jrandall on June 7, 2011 at 7:24 PM

Someone please tell me when the recession ended and the recovery began. Please. Somehow I missed it. Back in the day, you know back in FDR times, the economy went up a little and then went back down. Ebbed and flowed a few times if I recall my history lessons correctly. No one told me about a double dip back in those days. It was ALL The Depression. A recovery spikes up sharply, does it not? Now I realize the big shot Wall Street investor types have seen a modest “recovery”, like Buffett, but they always prosper, regardless. How can we be in a recovery with 15 million unemployed and another 5+ million underemployed and those numbers haven’t budged downward, and home values have dropped the worst since the 1930′s depression etc etc? Out here in the real world the ‘recession’ never ended. Let’s be honest, we are in a stag flation depression.

JimP on June 7, 2011 at 7:29 PM

Too late Sherlock.

Wrong way Corrigan had better navigation.

First rule, stop digging.

Speakup on June 7, 2011 at 7:33 PM

For what it’s worth, I think it is much more insidious than that.

Key West Reader on June 7, 2011 at 7:19 PM

Yes, I agree. It’s necessary to check myself before writing anything here. My honest opinion would get me banned.

Cody1991 on June 7, 2011 at 7:36 PM

Comrade Barry picked a bad week to give up:

A. smoking
B. drinking
C. cocaine
D. lying
E. teleprompter

joe btfsplk on June 7, 2011 at 7:37 PM

Exit question: Has the double dip already begun?

I just watched 3 people get laid off in my department this morning(well, technically 2 and the third voluntarily retired). And we only had 11 total employees before that. So yes, the double-dip has begun. And BTW, I live in Texas where we’re supposedly doing so much better than the rest of the nation.

Doughboy on June 7, 2011 at 7:38 PM

it would take a prez of some courage to tell American’s the truth…so natch, that leaves out our current incumbent.

Contrary to barry’s world view, this is not all Booosh’s fault…and, no, barry…it goes back more that 10 years. The truth is that the 20 year long party is over. All the bailouts (LTCM, Mexican Peso) and “affordable housing” and this and that leftist and corporatist agenda is done. The Greenspan Put and CountryWide, and Golden West Financial all contributed…party down guys, the cold war is over.

The link to the 10 reasons we’re already in a dip is actually 10 reasons why the new normal will be flat…like Japan. The demographics don’t work anymore. We’ve been sold down the river

r keller on June 7, 2011 at 7:39 PM

For what it’s worth, I think it is much more insidious than that.

Key West Reader on June 7, 2011 at 7:19 PM
Yes, I agree. It’s necessary to check myself before writing anything here. My honest opinion would get me banned.

Cody1991 on June 7, 2011 at 7:36 PM

Your post was absolutely spot on. But I really think that he is employing Cloward Piven. Check my post at 7:40pm and tell me he’s not smirking and shooting us the Bird while saying, “Ain’t my fault, suckahs”.

There’s no other excuse for what he’s doing.

Key West Reader on June 7, 2011 at 7:41 PM

Exit question: Has the double dip already begun?

Actually, we’re three years into latest and greatest depression that Washington cooked up.

Rae on June 7, 2011 at 7:50 PM

There’s no other excuse for what he’s doing.

Key West Reader on June 7, 2011 at 7:41 PM

Yep. I mentioned C-P earlier today on another thread. What is being done is intentional on the part of the Dems and the administration. To give them the benefit of doubt is absurd. They know that they are killing the middle class, destroying futures while creating much misery in the present, yet they continue.

We have an abusive government. To be blunt, it is tyranny.

Cody1991 on June 7, 2011 at 7:50 PM

Cody1991 on June 7, 2011 at 7:50 PM

If they collapse the middle, they win. So we have to hang on. These leftists are very patient and with each passing day, they are exposing themselves and imploding. Live, on MSDNC.

Key West Reader on June 7, 2011 at 7:57 PM

Wishful thinking. Wish in one hand and spit in the other, and see which one fills up first.

College Prof on June 7, 2011 at 8:01 PM

‘Robust Job Growth’…

Jesus H. Christ…..

BigWyo on June 7, 2011 at 8:11 PM

We have an abusive government. To be blunt, it is tyranny.

Cody1991 on June 7, 2011 at 7:50 PM

1. Destroy the Middle Class
2. Get as many people on the Government Tit as possible.
3. Profit in terms of voter/leach/entitlement support.
4. ?????

My question is who in the hell do they think is going to pay for it all???

Guess what you a$$holes?? When it all collapses, that’s when the knives come out and you’re going to be on the receiving end.

BigWyo on June 7, 2011 at 8:18 PM

My Republican Congressman just helped a local small business get permission from EPA to buy and reconstruct a building next to its existing building. EPA had hung up this permit for over a year. The previous Democrat Congressman did nothing. The business needed the new building to expand its manufacturing and hire more people.

I can only wonder how many other jobs are not being created because of EPA.

rockmom on June 7, 2011 at 8:18 PM

Fe-fe, fi-fi, fo-fo, fum
I smell smoke in the White House auditorium
Obama Brown, Obama Brown
He’s a clown, that Obama Brown
He’s gonna get caught
Just you wait and see
(Why’s everyone at Hotair always pickin’ on me?)

That’s him yet again dithering as he does plaese
I know that’s him
Yeah, from 7 come 11
Got us into yet another war on just a whim
Obama Brown, Obama Brown
He’s a clown, that Obama Brown
With his mom jeans down, he’s gonna get caught
Just you wait and see
(Why’s everyone at Hotair always pickin’ on me?)

Who’s always dithering on the dollar’s fall?
Who’s always goofing in the hospital hall?
Who’s always at the economy throwing a spit ball?
Guess who (who, me?) yeah, you!
Who walks in the White House auditorium, cool and slow
Who calls the Founding Fathers’ Constitution, Trash-O
Obama Brown, Obama Brown
He’s a clown, that Obama Brown
With his mom jeans down, he’s gonna get caught
Just you wait and see
(Why’s everyone at Hotair always pickin’ on me?)

Cheshire Cat on June 7, 2011 at 8:22 PM

Double dip recession. Who cares. Come on people. It’s not like he said something we didn’t know about Paul Revere.

Basilsbest on June 7, 2011 at 9:14 PM

Clearly the President needs more time.

……….to DESTROY America as we know it.

His Globalist bosses must be thrilled. He is after all a “Citizen of the World”.

He is the DOTUS!!

PappyD61 on June 7, 2011 at 9:40 PM

$60 Trillion in unfunded liabilities for the U.S. Per USA Today?

Ehhhh, no worries. Back to worrying about my Fries in drive-thru.

PappyD61 on June 7, 2011 at 9:43 PM

There were plenty of warnings that the Stimulus package (which stimulated nothing) and QE I were going to prolong the recession. QE II was warned against, as well, for potentially causing a double-dip recession. This administration does not have economists that have a solid grounding in economics. None of this nonsense was unexpected.

onlineanalyst on June 7, 2011 at 9:45 PM

Video: Last man in America who’s not worried about a double-dip recession speaks

Better Headline: “Big Dip Talks Double-Dip.”

Dr. Charles G. Waugh on June 7, 2011 at 10:06 PM

Somehow I can just never bring myself to “click on the image” when it’s him, and I know he will talk.

sgtstogie on June 7, 2011 at 10:28 PM

We’re not in a double dip yet, but the odds are increasing

We never left the first dip, in the real world.

dogsoldier on June 7, 2011 at 11:05 PM

This guy is like Robert Mugabe and Baghdad Bob all rolled into one.

esnap on June 7, 2011 at 11:28 PM

Barack Hussein Obama II(MMM)knows full well we are headed for double dip recession, he has done everything in his power to ensure that. He is the President but he is NOT for the United States he is doing as much damage to the country before he leaves office.

old war horse on June 7, 2011 at 11:31 PM

I can only wonder how many other jobs are not being created because of EPA.

rockmom on June 7, 2011 at 8:18 PM

Well, if we take in consideration the Department of the Interior and the EPA….as far as energy exploration…

Thousands…

I’m just talking about the 1000′s of acres in Wyoming that are owned by the Fed….and managed by the BLM…..

There’s been a boom out there in the last 15 years…coal bed methane..they have to basically drill a water well..500 feet…1000 feet…and siphon off the methane gass…otherwise know as Natural Gas…and of course the Hippies (read-people that don’t live there-and never will) are throwing a fit.

I caught that movie ‘Gas Land’ at just the right point…when the moron was wearing a gas mask and telling me that the Frac wells and LaC units were preventing the natural migration of the Proghorn Antelope. This is total HORSE$HIT…

Migrate where??? They will crawl through a barbed wire fence…they don’t jump them….deer jump over them. Antelope out there are like rats…

And then they had the ‘Rancher’ guy that was just about crying about how he just came there to raise up a family and these evil bastards were killing them…(Hey, guess who the prick was that came from out of state and bought some land and didn’t get the mineral rights)

ahh…rant off…..

BigWyo on June 7, 2011 at 11:40 PM

It never happened…

Nice effort….

BigWyo on June 8, 2011 at 12:18 AM

There was never a recovery. It was people get used to a bad situation.

lorien1973 on June 8, 2011 at 1:08 PM

i wonder if jeep wranglers can handle these double dip ‘bumps in the road’???

we’ll see.

ted c on June 7, 2011 at 6:58 PM

-
They could if they got better gas mileage.
-

RalphyBoy on June 8, 2011 at 6:55 PM

The answer to the question of the day is, YES!

DannoJyd on June 8, 2011 at 7:45 PM