Obamanomics

[Tiberius]

 

Yes, Americans are almost as pleased as they were in the middle of the last administration.

Yes, before the bottom fell out of the tub on Bush. Sounds like recovery that way, at least for the silent majority

[B-Man]

Year Eight of Obama’s Recovery

FTA:

How should we judge President Obama’s economic record? There are two ways to go about that: First, from the point of view of people who understand at least a little about economics; second, from the point of view of Barack Obama.

We Americans maintain a superstitious, priest-king attitude toward presidents and economies. Just as moral and religious defects in the holy chieftains of old were thought to be the source of droughts and crop failures, we take weakness in the economy to be the result of presidential flaws: He didn’t “care about people like us” enough, he followed the wrong policies, listened to the wrong people, etc. That’s mainly not true.

The most important factors shaping the economic performance of the United States, or that of any advanced country, isn’t policy, but events, from developments abroad to entrepreneurship and innovation at home. The 1990s didn’t boom because Bill Clinton pursued a radically different economic agenda from that of Ronald Reagan and George H. W. Bush: He ran on “time for a change” but more or less stayed the course, thanks in no small part to Newt Gingrich and the 1994 election. The 1990s boomed because the development of the personal computer and other forms of information technology, supercharged by the growth of the web, launched an extraordinary period of investment, innovation, and entrepreneurship.

{snip}

President Obama insists — straight-facedly — that in the context of a wrenching fiscal crisis, the United States under his leadership performed better than any major economy in modern history. That isn’t even close to being true, of course. Obama’s presidency will coincide with a remarkably weak recovery, with GDP essentially treading water. His presidency will be the first in modern times to fail to coincide with at least one year of 3 percent economic growth. It has teetered on the edge of recession, and may very well end in formal recession.

(George H. W. Bush was thrown out of office in protest of a recession that had ended before the election; it wasn’t the economy, it was boredom.) Wages remain stagnant, and the rate of work-force participation is worryingly low.

The Affordable Care Act is a failure. Again, we have the Democrats’ own word on this, as they labor feverishly to keep its least-popular features (such as the taxes that pay for it!) from taking effect. In fact, Obama’s would-be successor, Hillary Rodham Clinton, seeks to partly dismantle Obamacare, repealing the so-called Cadillac tax that vexes her public-sector supporters, whose health-care plans are a great deal better than yours.

The woefully misnamed Affordable Care Act hasn’t been a dramatic job-killer, but there is evidence (from the Congressional Budget Office and other sources) that it creates some headwinds against employment, undercutting the equivalent of 2 million full-time jobs. It hasn’t solved the problem of health-care inflation, and probably has made it worse, at a very high cost in terms of actual outlays and economic distortion.

The second task, evaluating Obama by his own standard, won’t take nearly so many words, inasmuch as the streets of this country are not full of automobiles that run on happy thoughts and the lights of our cities are not kept burning bright by the power of unicorn flatulence. The election of Barack Obama did not turn out to be a pivotal moment in human history. He will be remembered as a minor figure, the Al Smith of the early 21st century.

If everything that transpired in these United States up until January 20, 2009, was uniquely and especially the fault of George W. Bush, then there is no dodging responsibility for the weak and muddled current state of affairs.

Read more at: http://www.nationalreview.com/article/434781/barack-obama-economic-recovery-lame-duck-economy

[Tiberius]

 

Year Eight of Obama’s Recovery

FTA:

How should we judge President Obama’s economic record? There are two ways to go about that: First, from the point of view of people who understand at least a little about economics; second, from the point of view of Barack Obama.

We Americans maintain a superstitious, priest-king attitude toward presidents and economies. Just as moral and religious defects in the holy chieftains of old were thought to be the source of droughts and crop failures, we take weakness in the economy to be the result of presidential flaws: He didn’t “care about people like us” enough, he followed the wrong policies, listened to the wrong people, etc. That’s mainly not true.

The most important factors shaping the economic performance of the United States, or that of any advanced country, isn’t policy, but events, from developments abroad to entrepreneurship and innovation at home. The 1990s didn’t boom because Bill Clinton pursued a radically different economic agenda from that of Ronald Reagan and George H. W. Bush: He ran on “time for a change” but more or less stayed the course, thanks in no small part to Newt Gingrich and the 1994 election. The 1990s boomed because the development of the personal computer and other forms of information technology, supercharged by the growth of the web, launched an extraordinary period of investment, innovation, and entrepreneurship.

{snip}

President Obama insists — straight-facedly — that in the context of a wrenching fiscal crisis, the United States under his leadership performed better than any major economy in modern history. That isn’t even close to being true, of course. Obama’s presidency will coincide with a remarkably weak recovery, with GDP essentially treading water. His presidency will be the first in modern times to fail to coincide with at least one year of 3 percent economic growth. It has teetered on the edge of recession, and may very well end in formal recession.

(George H. W. Bush was thrown out of office in protest of a recession that had ended before the election; it wasn’t the economy, it was boredom.) Wages remain stagnant, and the rate of work-force participation is worryingly low.

The Affordable Care Act is a failure. Again, we have the Democrats’ own word on this, as they labor feverishly to keep its least-popular features (such as the taxes that pay for it!) from taking effect. In fact, Obama’s would-be successor, Hillary Rodham Clinton, seeks to partly dismantle Obamacare, repealing the so-called Cadillac tax that vexes her public-sector supporters, whose health-care plans are a great deal better than yours.

The woefully misnamed Affordable Care Act hasn’t been a dramatic job-killer, but there is evidence (from the Congressional Budget Office and other sources) that it creates some headwinds against employment, undercutting the equivalent of 2 million full-time jobs. It hasn’t solved the problem of health-care inflation, and probably has made it worse, at a very high cost in terms of actual outlays and economic distortion.

The second task, evaluating Obama by his own standard, won’t take nearly so many words, inasmuch as the streets of this country are not full of automobiles that run on happy thoughts and the lights of our cities are not kept burning bright by the power of unicorn flatulence. The election of Barack Obama did not turn out to be a pivotal moment in human history. He will be remembered as a minor figure, the Al Smith of the early 21st century.

If everything that transpired in these United States up until January 20, 2009, was uniquely and especially the fault of George W. Bush, then there is no dodging responsibility for the weak and muddled current state of affairs.

 

Read more at: http://www.nationalreview.com/article/434781/barack-obama-economic-recovery-lame-duck-economy

Maybe if you tell Americans to be unhappy enough times they will actually believe it someday

[Deranged Rhino]

Maybe if you tell Americans to be unhappy enough times they will actually believe it someday

 

Or, maybe if you thought for yourself once in awhile you'd see the mood around the country is pretty grim.

[Tiberius]

 

Or, maybe if you thought for yourself once in awhile you'd see the mood around the country is pretty grim.

https://www.washingtonpost.com/news/monkey-cage/wp/2016/04/29/the-most-under-appreciated-fact-of-the-election-americans-feel-good-about-the-economy/

 

It's a big country, but overall people seem to be upbeat. You should take your own advice about thinking, and actually do some. Though that might be asking a lot from you

[Chef Jim]

Helps explain why the Hillary is winning. The administration seems to have pleased enough Americans.

 

https://www.washingtonpost.com/news/monkey-cage/wp/2016/04/29/the-most-under-appreciated-fact-of-the-election-americans-feel-good-about-the-economy/

 

 

Well then, this is a pretty dumb strategy then.

 

http://www.wsj.com/articles/clinton-attacks-the-obama-economy-1461842949

 

http://thefederalist.com/2016/03/07/bill-clinton-trashes-obamas-record-on-economic-recovery/

[Tiberius]

 

Well then, this is a pretty dumb strategy then.

 

http://www.wsj.com/articles/clinton-attacks-the-obama-economy-1461842949

 

http://thefederalist.com/2016/03/07/bill-clinton-trashes-obamas-record-on-economic-recovery/

Or just dumb right wing headlines....

[Deranged Rhino]

Or just dumb right wing headlines....

 

And you post dumb left wing headlines as if they're gospel.

 

The truth is always in the middle. Not that you're interested in truth. Or conversation. Or being anything other than a giant asshat.

[Tiberius]

 

And you post dumb left wing headlines as if they're gospel.

 

The truth is always in the middle. Not that you're interested in truth. Or conversation. Or being anything other than a giant asshat.

You are so dumb

[Deranged Rhino]

You are so dumb

 

What about that statement is dumb to you?

[Tiberius]

 

What about that statement is dumb to you?

And @ you

[Deranged Rhino]

And @ you

 

So, you can't explain why "the truth is always in the middle" is dumb?

[Tiberius]

 

So, you can't explain why "the truth is always in the middle" is dumb?

Not my job to explain things to a retard like you

[Deranged Rhino]

Not my job to explain things to a retard like you

 

You made the comment about a fairly benign comment. I asked you to clarify. Can you? Or will you just admit that you're typing nonsense because you've got the intellectual capacity of a thimble?

 

So come on, you made the statement. Back it up. Why is it dumb to say the truth is always found in the middle, not in the extremes?

 

I'll wait...

[Chef Jim]

Or just dumb right wing headlines....

 

Read past the headline for a change and get to the actual quotes from the Clintons bashing Obama's economy.

[Deranged Rhino]

 

Read past the headline for a change and get to the actual quotes from the Clintons bashing Obama's economy.

 

He's running and hiding again. He's an intellectual coward on top of being an asshat.

 

...Not that you didn't know that already.

[IDBillzFan]

 

You made the comment about a fairly benign comment. I asked you to clarify. Can you? Or will you just admit that you're typing nonsense because you've got the intellectual capacity of a thimble?

 

Schitt. It was so quiet there for a minute. No one was responding to his gradeschool posts. Everyone was just, pretty much, ignoring him.

 

But then came Monday...

[Deranged Rhino]

 

Schitt. It was so quiet there for a minute. No one was responding to his gradeschool posts. Everyone was just, pretty much, ignoring him.

 

But then came Monday...

 

He ran away. He's scared of answering any questions. Maybe he'll come back with a new screenname again and hope no one notices.

[Azalin]

 

Schitt. It was so quiet there for a minute. No one was responding to his gradeschool posts. Everyone was just, pretty much, ignoring him.

 

But then came Monday...

 

Hell, I've had him on ignore for a couple of weeks so far, and the intellectual level of this place has skyrocketed.

[B-Man]

 

Read past the headline for a change and get to the actual quotes from the Clintons bashing Obama's economy.

 

 

No, no, no, .........its ALWAYS the source link that is important to boobs like Gator.

 

Not the author, content, or quotes

 

 

.