From Investors Business Daily:
…By consensus, the most recent recession ended in June 2009, less than six months after Obama took office.
According to the NBER, in the 60 years prior to Obama’s tenure, we had 10 recessions. In the two years following those respective recessions, average real (inflation-adjusted) quarterly GDP growth was 5%, according to federal government figures. In the two years of Obama’s “recovery,” average real quarterly GDP growth has been just 2.4%, less than half of the historical norm coming out of a recession…
And, honestly, if you take out the bogus effects of money-printing, we’ve probably had little or no real growth. Obama’s economic policies didn’t get us out of the recession (his policies could not have taken effect quickly enough) but they have ensured that the recovery, such as it was, failed to deliver the necessary growth to restore American prosperity.
And now Obama is proposing more of the same – the news has it that Obama will propose a $300 billion jobs plan, most of which amounts to extending various tax credit already enacted…while, of course, tacking on a few more “shovel ready” jobs (watch the speech – Obama will not say the word “stimulus” nor the phrase “shovel ready”; they have been banned from Democrat talking points…because they failed and Democrats don’t want to admit it). The GOP will have to respond in some manner so that we’re not tagged as “anti-job”, but whatever it is Obama wants will have to be offset by spending reductions elsewhere. For the most part, though, I don’t think that the people will care what Obama says…especially as he’ll say nothing new.
2012 can’t get here fast enough…
Oh come on now. Everybody loves bams. Even the Navy loves bams. Even if that love has to be ordered.
Bwaaaaaaaa ha ha ha ha ha ha ha
TEN PLANKS OF THE COMMUNIST MANIFESTO 1. Abolition of property in land and the application of all rents of land to public purposes.
2. A heavy progressive or graduated income tax.
3. Abolition of ail right of inheritance.
4. Confiscation of the property of all emigrants and rebels.
5. Centralization of credit in the hands of the State, by means of a national bank with State capital and an exclusive monopoly.
6. Centralization of the means of communications and transport in the hands of the State.
7. Extension of factories and instruments of production owned by the State, the bringing into cultivation of waste lands, and the improvement of the soil generally in accordance with a common plan.
8. Equal liability of all to labor Establishment of industrial armies, especially for agriculture.
9. Combination of agriculture with manufacturing industries; gradual abolition of the distinction between town and country, by a more equitable distribution of population over the country.
10. Free education for all children in public schools. Abolition of children’s factory labor in its present form. Combination of education with industrial production, etc., etc.
we are looking at the 9.1% unemployment rate, but thats not counting the people who have literally dropped out of the labor force…they are not on unemployment…they are not employed…they are not looking for work…period…those people…are another 6% that is not shown on the unemployment rate…effectively making the real unemployment rate at over 15%….
In the two years of Obama’s “recovery,” average real quarterly GDP growth has been just 2.4%, less than half of the historical norm coming out of a recession…
Not sure why anyone would expect “anti-growth” policies to yield anything else. Oh, wait — I forgot — it was supposed to be different “this time”.
markever:
let’s not forget where all that ‘bogus money printing’ started
oh…..also can’t forget….eat me neo
bagni stooge…all that started in the beginning of the 1900…when the federal reserve was created…you cant sit there an actually believe that Bush is to blame…oh…ner’mind….you are a stooge after all…
nanu nanu
.”eat me neo”
gender please??
Mark noted “The GOP will have to respond in some manner so that we’re not tagged as “anti-job”,…”; however, from what I read this morning is there is going to be no official response to Pres. Obama’s “Jobs speech” and I do not think his rehashed “plan” deserves a response.
From the article:
But Boehner spokesman Mike Steel said Obama’s proposals on Thursday “will rise or fall on their own merits,” suggesting a GOP response was not needed.
Which reminded me of a joke I read this morning:
President Obama walks into the Bank of America to cash a check. As he approaches the cashier he says “Good morning Ma’am, could you please cash this check for me”?
Cashier: “It would be my pleasure sir. Could you please show me your ID”?
Obama: “Truthfully, I did not bring my ID with me as I didn’t think there was any need to. I am President Barack Obama, the President of the United States of America!!!!”
Cashier: “Yes sir, I know who you are, but with all the regulations, monitoring, of the banks because of imposters and forgers, etc I must insist on seeing ID”
Obama: “Just ask anyone here at the bank who I am and they will tell you. Everybody knows who I am”
Cashier: “I am sorry Mr. President but these are the bank rules and I must follow them.”
Obama: “I am urging you please to cash this check”
Cashier: “Look Mr. President this is what we can do: One day Tiger Woods came into the bank without ID. To prove he was Tiger Woods he pulled out his putting iron and made a beautiful shot across the bank into a cup. With that shot we knew him to be Tiger Woods and cashed his check. Another time, Andre Agassi came in without ID. He pulled out his tennis racquet and made a fabulous shot whereas the tennis ball landed in my cup. With that spectacular shot we cashed his check. So, Mr. President, what can you do to prove that it is you, and only you, as the President of the United States?”
Obama stood there thinking, and thinking and finally says: “Honestly, there is nothing that comes to my mind. I can’t think of a single thing I can do.”
Cashier: “Will that be large or small bills, Mr. President?”
Read more: http://www.foxnews.com/politics/2011/09/07/republicans-opt-not-to-give-rebuttal-to-obama-speech-ticking-off-pelosi/#ixzz1XIfwrxod
ROFL
100% spot on LOL
Directory of Human Services, including any faith-based and non-profit community organizations listed together.
community services = OPM paid to innercity plantation dwellers.