“Some people call it a recession, I think it’s a depression”

posted at 1:01 pm on July 3, 2012 by Erika Johnsen

You and I have that in common, Congressman Waxman.

“But look, the president inherited a terrible economy. We were hemorrhaging jobs in 2008 when he got elected so that by the time he took office in 2009 we had over 10 percent unemployment. We had the banks frozen, they couldn’t deal with their assets. The economy has not recovered — some people call it a recession, I think it’s a depression. And the president has tried to get the economy moving, but from the first day he took office, the Republicans have given him no slack. They’ve opposed everything he’s done. They act as if he’s created the deficits, but under George W. Bush, we fought two wars without paying for them; we gave tax breaks, primarily for the upper income, we never paid for it; we gave an increased benefit under Medicare, prescription drugs, that’s very nice, we could’ve done it in a more cost-effective way, but we didn’t pay for that either. So, we have these deficits. President Bush inherited a balanced budget, and by the time he left, we had over 10 percent unemployment and a huge deficit, and now the Republicans are trying to blame it on President Obama. They say he hasn’t done enough, but they don’t help him get anything done — they stop him from any of his efforts.”

But acknowledging the depths to which this not-technically-a-recession/depression is plaguing America’s productivity is where Rep. Henry Waxman (D-California) and my similarities end, because I’ve just about had it with liberals blaming the ‘inherited’ economy on Bush, acting like President Obama is completely innocent and didn’t do anything to add to the deficits, and lamenting that our republic is functioning exactly the way it was intended to function.

Yes, the upswing on the deficits started under George W. Bush — most especially the last two years of his presidency, when the Democrats were in full control of Congress. And yes, the bad economic news began before Obama’s time — but President Obama has managed to get plenty of legislation through (i.e., bailouts, ObamaCare, Dodd-Frank, etcetera) and implemented plenty of policy through the executive branch. We are now three and half years into his presidency, but the economy doesn’t seem to do much except fluctuate between marginal gains and losses. How long are we expected to wait for results?

And lastly, for the first two years of his presidency, Obama had a fully Democratic Congress at his disposal. Americans decided they didn’t like that state of play, and elected Republicans into the House in droves in 2010 for precisely the purpose of frustrating President Obama’s awful plans. That’s the way the system works — kindly get over it, and please stop acting like the lack of bipartisanship in Congress right now is some sort of travesty of justice.


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

Comment pages: 1 2

Waxman looks like a cross between Count Dracula and porky pig.

No, he’s the Phantom of the Opera’s twin brother:

http://davart.net/awg/wp-content/uploads/2009/01/henry-waxman.jpg

The Rogue Tomato on July 3, 2012 at 1:45 PM

Wow, that linked jpg of Nose-Tradamus is scary. Uncanny, eerie, unsettling. Definitely check out the link!

anotherJoe on July 3, 2012 at 2:14 PM

canopfor on July 3, 2012 at 1:19 PM

:)

Seven Percent Solution on July 3, 2012 at 2:15 PM

And lastly, for the first two years of his presidency, Obama had a fully Democratic Congress at his disposal. Americans decided they didn’t like that state of play, and elected Republicans into the House in droves in 2010 for precisely the purpose of frustrating President Obama’s awful plans. That’s the way the system works — kindly get over it, and please stop acting like the lack of bipartisanship in Congress right now is some sort of travesty of justice.

Well said, Erika.

The ones who haven’t done enough are the Republicans in the House. Boehner and the Republican House haven’t resisted enough. If they had refused to raise the debt ceiling, it would have FORCED the Democrats into a De Facto balanced budget, because they would not be allowed to continue deficit spending. Instead, the Republican House allowed the spigot to remain wide open, and the result is that the total amount of new debt added in the last 4 years ($6.36 Trillion) exceeds the total amount of new debt added in the 4 years that Nancy Pelosi was Speaker of the House ($5.33 Trillion).

Tea Party Patriots elected Republicans in 2010 to put the breaks on the insanity that came from the Democrats controlling the House, Senate, and Presidency in 2009 and 2010.

The current Republicans in the House and Senate have done some good things, but not enough to stop the Democrats’ fiscal insanity. They never should have agreed to raise the debt limit.

ITguy on July 3, 2012 at 2:15 PM

Is there any hope that this moron will be gone in November too?

Night Owl on July 3, 2012 at 1:19 PM

No. He’s from California. His seat is as safe as a baby in it’s mother’s arms.

trigon on July 3, 2012 at 2:18 PM

I always thought the guy looked like a weasel with glasses. I got the weasel part right, I’m sure.

Bigurn on July 3, 2012 at 2:22 PM

most especially the last two years of his presidency, Obama had a fully Democratic Congress at his disposal.

first

He did not have control for much of the last two years. The first two he did though he sort of lost control when he lost a seat in the Senate but that is his own fault for only working with Democrats. Even then he had 59 Democrats and a 60′th that would have worked with him on some things.

Steveangell on July 3, 2012 at 2:23 PM

Yep, blame it all away. Barry will never own anything thats bad news but wants to own everything thats good news. Well, he owns the longest recovery in history.

Is this country really dumb enough to give him 4 more years?

flstc on July 3, 2012 at 2:29 PM

I hope he covers his nose when he sneezes.

Wigglesworth on July 3, 2012 at 2:34 PM

Did Obama inherit Bush’s golf clubs?

Waxman claims the Reps blocked Obama every chance they got.

Well, what about when they didn’t block him?

- Solyndra.
- Fast & Furious.
- The Recovery Act.
- Dodd-Frank.
- Cash for Clunkers.
- Budget Control Act (“SUPER Committee”).
- Don’t Ask Don’t Tell Repeal Act.
- the SCOTUS appointments of Sotomayor & Kagan.

I think blocking him whenever possible seems like a smart approach.

What about when he blocked GOP or bipartisan efforts?
- XL Pipeline.
- Cut, Cap and Balance Act.
- GOP input on the Supercommittee.

What – you’re calling me a racist?
What did I say?

connertown on July 3, 2012 at 2:35 PM

Poor Henry. The senile old fool is still stuck on “It’s Bush’s fault!”.

Hey FOOL! You had TWO unfettered years of absolute control. WHAT DID YOU ACCOMPLISH?

Oh, yeah. ObamaCare. Yeah, that was the PRIMARY concern of citizens at the time, wasn’t it?

Do us all a favor Waxman, RESIGN!

GarandFan on July 3, 2012 at 2:47 PM

Some people call it a “slingblade”.
I call it a “kaiser blade”.

connertown on July 3, 2012 at 2:48 PM

Why did Sandra Fluke apply facial (moustache) hair remover on her head? and why do I have to look at it?

askwhatif on July 3, 2012 at 2:52 PM

now the Republicans are trying to blame it on President Obama. They say he hasn’t done enough, but they don’t help him get anything done — they stop him from any of his efforts.

Uh huh, there are about three dozen bills passed by the Republican House, all ignored by Senate Majority Obstructionist Harry Reidiculous, whose Senate has now gone 1,161 days or 3 years, 2 months, and 4 days of failing to pass a budget–talk about someone who doesn’t help anything–and last time I looked Sen. Reidiculous was not a Republican, but rather a hopelessly entrenched deadbeat liberal Doom.

stukinIL4now on July 3, 2012 at 2:56 PM

Yes, the upswing on the deficits started under George W. Bush — most especially the last two years of his presidency, when the Democrats were in full control of Congress.

Thank you for making this point. I wish Mitt would make it too -afterall Obama was a part of that congress.

Moreover, the House has passed multiple jobs bills which Harry Reid’s Senate has blocked, so boo hoo hoo Congressman Waxman, who exactly is it who is obstructing an economic recovery?

Buy Danish on July 3, 2012 at 2:59 PM

Yes, the upswing on the deficits started under George W. Bush — most especially the last two years of his presidency, when the Democrats were in full control of Congress. And yes, the bad economic news began before Obama’s time — but President Obama has managed to get plenty of legislation through (i.e., bailouts, ObamaCare, Dodd-Frank, etcetera) and implemented plenty of policy through the executive branch. We are now three and half years into his presidency, but the economy doesn’t seem to do much except fluctuate between marginal gains and losses. How long are we expected to wait for results?

Once A recession is coincidence a natural cycle of capitalism.

Twice A depression is enemy government action.

tom on July 3, 2012 at 3:53 PM

canopfor on July 3, 2012 at 1:19 PM

:)

Seven Percent Solution on July 3, 2012 at 2:15 PM

Seven Percent Solution:–:)

canopfor on July 3, 2012 at 3:54 PM

..gratuitous, tangential exit question: does this guy sleep every night with a brace of octagonal-barreled 1858 Remington Army Revolvers stuck up his nostrils?

The War Planner on July 3, 2012 at 3:54 PM

Waxman… another SUPER-GENIUS from the left side of the aisle…

/Wile E. Coyote

Khun Joe on July 3, 2012 at 3:58 PM

Why did Sandra Fluke apply facial (moustache) hair remover on her head? and why do I have to look at it?

askwhatif on July 3, 2012 at 2:52 PM

We’re supposed to be the party of the strong stomachs, but the bloggers do like to tease us here on Hot Air. Along with this choice photo, we get smirky thumbnails of Aunt Clara, Benedict Arnold Roberts and the insufferable zer0.

Word to the wise: don’t visit this place if you’ve just eaten!

MisterElephant on July 3, 2012 at 4:00 PM

All the left has are lies on the economy. The unemployment rate when Obowma took office was 7.5% and we’ve yet to get back to that level since GW Bush left office. Obowma has spent over 5 trillion in 3 1/2 years and he’s simply failed on job increases and the economic growth he promised.

Obowma lies as America suffers.

dthorny on July 3, 2012 at 4:04 PM

Why I wonder, are all the usual liberal trolls not here defending obamao’s wonderful, America saving economic policies? After all, the oceans have receded and all that right? He fixed the economy in 3 years too!

Oh wait, that’s the bizarro universe. Never mind socialist progressive liberals, go back to sleep.

Wolfmoon on July 3, 2012 at 4:10 PM

Obama has not done squat in 3 years to improve the economy.

Start packing the linens, Zero. Time for someone else to get the job done.

Philly on July 3, 2012 at 4:43 PM

The meme is going to be: “Bush did us worse than anybody thought and put us in a depression not a recession, which is why we haven’t fixed it yet. Give us more time.”

I didn’t see Bush and GOP using that line in 2004 when we were still recovering from the internet bubble recession . . . oh, wait, they didn’t need to because they pulled us out of that recession AND kept 9/11 from making it worse . . .

PastorJon on July 3, 2012 at 4:59 PM

Just think about how much pain we could have saved the country if only we’d had a Dem-controlled House and Senate back in the last years of the Bush presidency to prevent the run-away deficits and unemployment. Oh, wait…

Unemployment was 6.5% in October 2008. The biggest jump was between the election and Obama’s inauguration. Could it be that many business owners were smart enough to read the tea leaves and see an administration hostile to business was going to take over, so they shed jobs? Nah, that’s just not possible. Everyone knew Obama was going to cut the deficit and get the economy moving again — just like he said.

CJ on July 3, 2012 at 6:49 PM

Nostrilitus holes get larger when he lies. That is why they are a distraction.
It is the economy stupid. Has been since the Democrat takeover of the Congress & Senate in 2006. That is when the DECLINE began. Bush was no parigon of virture when it came to wise budgets but the spending of the Dhimmicrats is the primary reason we are in such dire straights today. Now we’ve had 3 1/2 years of President Downgrade and Waxman continues this falaciouis argument that it was an inherited situation? He must think we are as stupid as he and his staff are. Sorry ain’t buying it.
Question for you Henry, are you going to the Convention?

Missilengr on July 3, 2012 at 7:23 PM

..gratuitous, tangential exit question: does this guy sleep every night with a brace of octagonal-barreled 1858 Remington Army Revolvers stuck up his nostrils?

The War Planner on July 3, 2012 at 3:54 PM

That’s where Nancy Pelosi sleeps during the day. Hanging upside down, of course.

kbTexan on July 3, 2012 at 7:58 PM

There’s some sharp political junkies here on this site, good to see you put some of these drones to sleep.

mixplix on July 3, 2012 at 8:01 PM

It reminds me of the good old days when I was about 12 or 13 years old. My younger brother, about 9 years old, decided it was time we set up the Christmas tree. He dragged it out of the box and tried to talk us into helping set it up, since it was a bigger task than he could handle. The rest of us were more interested in watching TV and told him we would help him later.

Impatient, he began wrestling with the tree, much to our amusement. After about five minutes he had been pinned multiple times by the tree. He finally jumped up in frustration and yelled, “Don’t just sit there and watch me tear it up! Come help me!”

We all thought he was doing a pretty good job of tearing it up on his own.

I think that’s Obama’s attitude. “Don’t just sit there and watch me wreck the country. Come help.”

kbTexan on July 3, 2012 at 8:09 PM

I can’t hear what he is saying due to his rodent like appearance. Was he in a Harry Potter movie?

Fuquay Steve on July 3, 2012 at 8:25 PM

“But look, the president inherited a terrible economy. We were hemorrhaging jobs in 2008 when he got elected so that by the time he took office in 2009 we had over 10 percent unemployment. We had the banks frozen, they couldn’t deal with their assets.

Obama ran for president & accepted the oath of Office. No one is forcing him to run a 2nd term.

TN Mom on July 3, 2012 at 10:45 PM

You’re telling me these genius people don’t even know what the unemployment rate was when Obama took office?

They do, but if they claim it was really high I guess 8.2 sounds good.

Bush averaged 5%…deal with it.

Wagthatdog on July 3, 2012 at 11:49 PM

Ah, Henry Waxman. What more need we say about the man who possesses a more than passing resemblance to Heinrich Himmler?

Dunedainn on July 4, 2012 at 1:35 AM

Is this country really dumb enough to give him 4 more years?

flstc on July 3, 2012 at 2:29 PM

It’s the same country that’s counting on the guy who got the ball rolling on the Affordable Care Act to sign a repeal of the Affordable Care Act. Take from that what you will.

Dunedainn on July 4, 2012 at 1:38 AM

Henry Waxman is proof that God is as good at cartooning as he is at reality.

cartooner on July 4, 2012 at 9:37 AM

Part of the problem is the Democrats who ran Congress the last two years before Bush left office. Part of the problem is that we conducted two wars off budget, and part of the problem is that for eight years before that we had a Republican Congress that thought they were Democrats and spent like a drunken sailor. No child left behind was not a conservative program, and it is an absolute failure. Senior drug programs is not a conservative program, costs milliions and is a failure. And I suspect that if Republicans control both houses after November there will be no relief still. Has anyone listened to Mitch McConnell lately? Do you think he is going to be any better than the Democrat leadership? Plase . . .

georgeofthedesert on July 5, 2012 at 5:11 PM

Henry Waxman is proof that God is as good at cartooning as he is at reality.

cartooner on July 4, 2012 at 9:37 AM

thatsafactjack on July 8, 2012 at 9:01 PM

Comment pages: 1 2