Obama's economic failure, presented by Obama's own team.

[Andy]

In January, the Obama economic team claimed that without the stimulus bill, unemployment would sky rocket. That it would reach 9% by August and level off towards recovery without spending a dime. However, with the stimulus bill, the unemployment rate would be staved off at 8%, and begin the road to recovery by June or July.

The stimulus was of course passed, but the result were nothing like what they claimed. Instead, the 8% was hit by late feburary, and climbed to 8.5% in March, 9% in April, and is at 9.5% in May. June looks to be no better.

Instead of turning things around, the unemployment rate has increased beyond even their worst projections. However, there were some who pointed out this would be the case.

Historically, FDR did the same thing during the great depression, and has the exact same result. By passing massive legislation, and making the WPA, passing taxes, and increasing regulations, in the middle of the great depression, we had a recession. The unemployment went back up, from a trend of decline, and the depression stuck around for years longer than it had to.

Economists predicted these results from Obama's steal form us plan, and they have come true. While the left is busy attacking freedom of speech in California, here their policies have yet again brought failure and damage to the US. How long will Americans remain ignorant?

 

[asur]

Obama has been a failure with the economy and is losing support.

Nearly seven in 10 have serious reservations about the federal government’s ownership stake in General Motors. Almost 60 percent say that President Obama and Congress should worry more about keeping the deficit down — even if that means it will take longer for the economy to recover. And fewer than half of Americans have confidence in the president’s policies to improve the economy.

 

[Pidgey]

Saw that a couple of weeks ago. Don't suppose it ever occurred to you that that's exactly what they want to happen? And, of course, the ballooning deficit is beginning to cause far and away worse things like the deepening alliance of the BRIC countries. When they finally kick the dollar out as the world's reserve currency, we'll be toast--that is, we'll be forced to live within our means and with a very much reduced energy supply.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aSTmuCr.RD88

 

[Mr. Shaman]

Economists predicted these results from Obama's steal form us plan, and they have come true. While the left is busy attacking freedom of speech in California, here their policies have yet again brought failure and damage to the US. How long will Americans remain ignorant?

I guess.....as-long-as there are reputable-sources....like World Nutz Daily's Little-Sister; i.e. a Home, Away-From-Home for WND's columnists.

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[Mr. Shaman]

Obama has been a failure with the economy and is losing support.

Nearly seven in 10 have serious reservations about the federal government’s ownership stake in General Motors. Almost 60 percent say that President Obama and Congress should worry more about keeping the deficit down — even if that means it will take longer for the economy to recover. And fewer than half of Americans have confidence in the president’s policies to improve the economy.

To paraphrase The DICK; Cheney.....

So WHAT??!!!!

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"On May 8, lobbyists representing many of the nation's banks and hedge funds huddled with senior White House advisers in the Roosevelt Room, seeking to snuff out an administration plan to increase the Fed's authority to regulate them, when Treasury Secretary Timothy F. Geithner stuck his head in the door.

Fresh from meeting with Obama, Geithner asked the lobbyists what they were up to. When they explained they preferred that a council of regulators, rather than the central bank, safeguard the financial markets, Geithner silenced the discussion with a string of obscenities, according to people who were present.

"I don't believe in rule by committee," he said."

The proposal to create a unified banking regulator faced resistance from big and small banks, which are overseen by a patchwork of federal and state agencies. Banks have been able to choose their own regulator, often allowing them to seek the friendliest oversight. Establishing a single regulator would threaten this arrangement.

In February, Camden R. Fine, chief executive of Independent Community Bankers of America, sat down in Geithner's office days after he was sworn in, according to a person familiar with the meeting. Fine warned Geithner against the idea of a single regulator, telling him that such a proposal would anger the 8,000 community banks ICBA represents. Fine cautioned him that "we would be totally opposed to that," the source recalled.

Geithner didn't respond. He listened and took notes.

Such meetings with industry representatives were common, but senior administration officials said they did not allow themselves to be unduly swayed by such concerns."

Gee.....it sounds like Corporate America is no-longer callin'-the-shots (...and, they can't run to this President's Daddy, to straighten-things-out)!!!!

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