Obamanomics FAIL: 2nd Quarter GDP up only 1.7%

If he were a Republican you all would be saying he walks on water.

 

Hmm, I wasn't discussing whether it was a good or bad idea for the economy, just the contribution that the sequester has to the deficit reduction for this year.

So I take it you will not take credit for Democrats and President Obama for any deficit reduction brought about by the sequester?

 

I was explaining why, IMO, Obama was right to not want the sequester cuts.

False dichotomy. Why would it have to be all or nothing?

 

If he were a Republican he would sleep with the fishes.

 

Because it's hypocritical to blame the Republicans for the sequester and then praise Obama for the deficit reduction brought about by the sequester.

 

Just like it would be hypocritical for Republican to blame Obama for the sequester and not credit him for the deficit reduction, right?

But your logical error is the unfounded assumption that the drop in the deficit is only because of the sequester. In fact, spending would have increased very little anyway, and the increase in revenues from the tax increase (or expiration of the tax holiday) is probably at least as much of a factor.

 

Anything under 3.0 sucks... Barack Obama has not been able to preside over a good GDP ever.

He has shown no ability to do what Ronald Reagan, HW Bush, Clinton, or GW Bush could do and that is work with the opposition. He has no compromise attitude and the GOP is returning the favor. It is up to the leader to lead and the problem he has is that he is no leader. He has never lead anything in his life. I don't know why anyone expected him to be a good president when the man hasn't ever done anything as a successful executive.

I expect continued failure from this guy.

 

If you scroll back, you'll see I was referring to the deficit reduction brought about by the sequester, not to the totality of deficit reduction. Although I acknowledge there is reduction brought about by the tax increase as well. But you're the one arguing that the sequester was both a disaster for the US economy and had very little effect on spending!

I swear, you guys crack me up the way you try to have it both ways!

 

Good for you. I was talking about the entire deficit reduction. We should be spending more, not less. And Govt spending definitely has an effect on the economy.

 

Yes. That's why the Great Depression went on for over ten straight years despite all of FDR's efforts to stem it.

You get an A for effort, however.

 

But then you won't have as wonderful of a deficit number to stand behind when defending Obamanomics.

 

Obama's endless campaign speeches do not appear to be spurring the economy. I think the hot air may be contributing to global warming though.

Does he realize that there's more to the job than reading the same threadbare clap trap from a teleprompter?

 

That is true. IMO we don't need quite so wonderful a deficit reduction number and we need to get more people working.

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Maybe you should tell your Tea Party friends to work with him instead of trying to bring the economy down. Oh wait, they want that.

 

Community organizers NEVER LEAD. They foment dissent. They generate aggravation. The poop disturb of the largest scale possible.

And that is exactly what we have.

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All the jet travel certainly is pooping up his carbon footprint.

 

Not possible with left wing policies, sorry. Raising taxes, increasing regulations, destroying our energy sectors, destroying health care, and incentivizing employers to only hire part time and temp workers is not going to get more people working. Maybe the Federal Government should just hire everybody who wants a job and pay them $50,000 a year + benefits + pensions to dig some ditches.

 

I don't believe I degraded anyone. I believe I stated what would appear to be obvious. It is you who is degrading anyone.

 

He knows. But he also knows that his followers don't give a crap. All they need is free stuff, or someone else to blame if they aren't getting enough of it. Its getting to where Obama COULD be caught in bed with a live boy or a dead girl, and it wouldn't matter.

 

The first 15 bills are designed to reduce Government Red Tape and allow businesses to grow and hire more people are already in Harry "Do Nothing" Reid's hands. You'll need to ask him why he's holding up these important "jobs" bills.



As is easily seen the Obamanomics crapola economy way precedes Obama's sequester.

 

Here in MA today, we raised the gas tax 3 cents and the cig tax 1 dollar! Im sure that will do wonders for the economy. Obamas Daniel San....Taxitall Deval Patrick strikes again.

 

I was referring that the economy was sh!t prior to Obama taking the office. Obama may suck ass as a POTUS, but the economy is not ALL his fault.

 

No, and neither is the sequester which some people were claiming was. You can get away with blaming the first term on Bush but you cannot get away with blaming the second term. This economy is now 100% Obama's. Reagan turned around Carter's economy in around two years..........what the hell is Obama doing? He's still blaming Bush five years into his presidency.

 

The economy has slowly been becoming worse SINCE Reagan. And every President since him has contributed to this mess.

 

Guys like Talon are good guys who keep voting against their best interests.

 

Wrong. He's now blaming the House Republicans.

It's clearly NEVER going to be his fault/responsibility. Remember, a community organizer only divides by pitting one side against the other. They never lead.

Sound familiar?

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What interest of yours was furthered by your Obama vote? A craptacular economy? SSDI? SNAP? 14% U6?

 

Obama has failed me by expanding on drone strikes and continuing to let our soldiers rot in Iraq and Afghanistan. But I love that he has moved our economy towards the more egalitarian (not socialist) system which is where Capitalism will truly flourish. He has also paved the way for single payer with Obamacare which I am a huge fan of.