a little off topic, but I just read the AIG bonus article. NO more TARP! No more BAILOUTS! NO more votes for those who support them! May a thousand class action lawsuits bloom against these corporate thieves.
Posted by: B. Bear | March 15, 2009, 12:08 am 12:08 am
Wasn’t so long ago I remember “someone” ridiculing “someone else” for saying the fundamentals of the economy were sound and recently saying the way that we did business was no good. Now he says we will survive through the sound fundamentals of our economy and strong business practices (paraphrasing)… Go figure.
Consumer spending was “collapsing” but has now stabilized – at the collapsed level or a prior higher level?
Foreclosures are down? Most everyone’s lost their homes already, so eventually they will peter out, naturally.
Skyrocketing unemployment? “Stimulated” jobs are only going to be temporary. Shrinking GDP? Well, when you have government consuming a third of GDP and planning on more, it tends to do that, especially on top of that unemployment rate.
He is only being optimistic because his continuous harping on CRISIS was stirring panic in the markets and in the general public. No, we did not get here overnight – but he has been part of the government spending (the past 2 years by a DEMOCRATIC-CONTROLLED CONGRESS) that led us up to this point.
Yet it’s not his fault (as he has so graciously reminded us and regardless of the fact that the President cannot spend without Congress initiating and then approving it first) and his answer to prior gross over-spending is even MORE gross over-spending. Isn’t that kind of like getting a new credit card to pay the old one off, over and over and over, never paying the balance down and accruing more and more finance charges… into perpetuity?
Posted by: Angie | March 15, 2009, 1:46 am 1:46 am
The fundamentals of our economy have really improved over the past week.
Posted by: DontGet818OnMeNow | March 15, 2009, 8:13 am 8:13 am
Stimulus and Omnibus bills have cleared…time to pull in the doom and gloom and get us ready for the next agenda…need a little “feel good” here. These people are criminals.
Posted by: Jean30096 | March 15, 2009, 8:49 am 8:49 am
The reality will be that the US did not need to go into all this debt under Obama. It was just Obama using fear based politics to move his agenda forward.
It will back fire.
And John McCain will be proven right; Obama is now saying that the basic economic fundamentals of the US are sound. Before he ridiculed McCain for saying it.
Posted by: Sally J | March 15, 2009, 10:05 am 10:05 am
Who said it?
1. “You know, there’s been tremendous turmoil in our financial markets and Wall Street and it is — people are frightened by these events. Our economy, I think, still the fundamentals of our economy are strong. But these are very, very difficult time. And I promise you, we will never put America in this position again. We will clean up Wall Street. We will reform government.”
2. “But if we are keeping focused on all the fundamentally sound aspects of our economy,” he added, “all the outstanding companies, workers, all the innovation and dynamism in this economy, then we’re going to get through this. And I’m very confident about that.”
Posted by: drjohn | March 15, 2009, 10:05 am 10:05 am
Things aren’t as bad as “WE” think they are?
WE???
It is just about imposssible to adequately describe the stupidity of Obama supporters.
Posted by: drjohn | March 15, 2009, 10:09 am 10:09 am
Boneheaded mistakes continue at a grand scale youe’ve never seen before.
Just weeks ago this Smartes Clueless fearmongar told us the sky is falling if his trillion dollar debt of your great grand children’s was not given to him. Even Bill Clinton has to say in public this phony was in over his head. Now, all fundamentals are good? Then, give that freeking trillion dollar back.
Posted by: two cats | March 15, 2009, 10:19 am 10:19 am
next week the media will tell obama to jump… he’ll ask “how far”
Posted by: realityville | March 15, 2009, 10:47 am 10:47 am
Obama, Pelosi, Franks, etc. got the money they needed for all their rediculous earmarks and programs–they got what they wanted.
We get a weaker country indebted to places like China and taxes on all of our basic needs.
It should be obvious what Obama did–he used us and lied to get what he wanted. The story of his whole life.
Posted by: sammy | March 15, 2009, 10:49 am 10:49 am
Why am I now feeling ‘warm and fuzzy’ because the “ONE” has said all is gettin’ better? This dude is a joke and knows absolutely NOTHING about NOTHING!!
He is a straw grabber, nothing more!!
Posted by: American Infidel | March 15, 2009, 10:58 am 10:58 am
Drjohn, you rock!
I can only shake my head when I hear the president go from warning darkly that if Congress did not rush to pass his stimulus bill as is without bothering to read it, we could plunge into a deeper downturn from which we might be able to recover to suggesting that the fundamentals of our economy are strong. Give me a break.
I defended McCain when he said the same thing early on. He was right, and the president is right, to say that the fundamentals of the American economy are strong. I just wish the president had been saying that when he was busy trying to scare people into giving him what he wanted.
Posted by: GetMedieval | March 15, 2009, 11:31 am 11:31 am
Is Obama trying to do too much? Is he trying to fix the economy? No, of course not. He is taking advice from Saul Alinski’s writings which say he must cause chaos, panic, and total despair in order to install a new Government order. There is the fantasy abroad in the US that Obama is trying to stimulate the economy to repair the damage to people’s investments, jobs, and future retirements. There is nothing further from the truth because his statements about catastrophic tax increases, energy caps which control company’s profits — which is how he plans to bankrupt the coal industry, increasing taxes on investors and compay owners, denying medical treatments to senior citizens, all point to an orchestrated plan to make the recession into a depression. And that is what Rahm Emmanuel meant when he said “a crisis is too important to waste.” Every time he makes a statement the market drops. If he had said nothing we would be far better off. How can he possibly be trying the improve the economy when everything he says is calculated to destroy confidence in the capitalist system?
In every way possible Obama is violating our Constitutional principles. Senator Byrd, a Democrat, says so. And it is perfectly obvious that railroading a bill through Congress without a single member reading it, bypassing Congressional oversight by appointing czars who can overrule cabinet officers and ignore Congressional oversight, politicizing the census by moving it to the White House, approving the seating of the District of Columbia in the Congress, bypassing the states’ governors to control the use of stimulus funds — are all in obvious violation of Constitutional law. And, it is clear Obama wants to eliminate the Bill of Rights, starting with freedom of speech by silencing talk radio, imposing gun control, and pre-empting states’ rights.
Obama is not even a socialist. In France, which most people consider a socialist state, there is nothing like the actions of Obama. Obama is a Communist, and even worse, he is a dictator who would impose his world-view even though it is totally naive. He has amply demonstrated his inept diplomacy by offending Russia, Poland, the Czech Republic, making a fool of himself with the Iranians, offending the British Prime Minister and President Silva of Brazil. He is taking sides against Israel, and this has horrid consequences. His appointments to high posts in his administration includes tax cheats, anti-business ideologues, virulent anti-Israel partisans, and he has in effect neutralized the cabinet secretaries with overlapping and conflicting White House appointees. And, he does not listen to any of them.
So, far his Presidency is a disaster — just exactly what he wants.
Posted by: Arthur E. Lemay | March 15, 2009, 12:32 pm 12:32 pm
I’m convinced that the only people that truly trust Obama’s word are the supporters that believe he is their savior.
You know those poor saps that think he will pay their bills, fix the climate, make the Oceans recede.
I bet even the clueless high school/college kids don’t even believe him anymore. Afterall they are the ones stuck w/his tab.
Drjohn, you rock!
I can only shake my head when I hear the president go from warning darkly that if Congress did not rush to pass his stimulus bill as is without bothering to read it, we could plunge into a deeper downturn from which we might be able to recover to suggesting that the fundamentals of our economy are strong. Give me a break.
I defended McCain when he said the same thing early on. He was right, and the president is right, to say that the fundamentals of the American economy are strong. I just wish the president had been saying that when he was busy trying to scare people into giving him what he wanted.
Wait a second… Not less than 3 weeks ago, we were in the throes fo the worst economic crisis since the Great Depression.
Can you say FEAR MONGERING? We were in this “crisis” long enough to shove the porkulus bill(s) down our throat without any debate or consideration, and now *poof* we’re all better now?
This stinks, and all the Obama supporters are still drinking the koolaid!
Posted by: P Friedl | March 16, 2009, 9:56 am 9:56 am
The Europeans are right. Stimulus only goes so far, and less far without regulation.
Posted by: Flash Override | March 14, 2009, 11:22 pm 11:22 pm
a little off topic, but I just read the AIG bonus article. NO more TARP! No more BAILOUTS! NO more votes for those who support them! May a thousand class action lawsuits bloom against these corporate thieves.
Posted by: B. Bear | March 15, 2009, 12:08 am 12:08 am
Wasn’t so long ago I remember “someone” ridiculing “someone else” for saying the fundamentals of the economy were sound and recently saying the way that we did business was no good. Now he says we will survive through the sound fundamentals of our economy and strong business practices (paraphrasing)… Go figure.
Consumer spending was “collapsing” but has now stabilized – at the collapsed level or a prior higher level?
Foreclosures are down? Most everyone’s lost their homes already, so eventually they will peter out, naturally.
Skyrocketing unemployment? “Stimulated” jobs are only going to be temporary. Shrinking GDP? Well, when you have government consuming a third of GDP and planning on more, it tends to do that, especially on top of that unemployment rate.
He is only being optimistic because his continuous harping on CRISIS was stirring panic in the markets and in the general public. No, we did not get here overnight – but he has been part of the government spending (the past 2 years by a DEMOCRATIC-CONTROLLED CONGRESS) that led us up to this point.
Yet it’s not his fault (as he has so graciously reminded us and regardless of the fact that the President cannot spend without Congress initiating and then approving it first) and his answer to prior gross over-spending is even MORE gross over-spending. Isn’t that kind of like getting a new credit card to pay the old one off, over and over and over, never paying the balance down and accruing more and more finance charges… into perpetuity?
Posted by: Angie | March 15, 2009, 1:46 am 1:46 am
The fundamentals of our economy have really improved over the past week.
Posted by: DontGet818OnMeNow | March 15, 2009, 8:13 am 8:13 am
Stimulus and Omnibus bills have cleared…time to pull in the doom and gloom and get us ready for the next agenda…need a little “feel good” here. These people are criminals.
Posted by: Jean30096 | March 15, 2009, 8:49 am 8:49 am
The reality will be that the US did not need to go into all this debt under Obama. It was just Obama using fear based politics to move his agenda forward.
It will back fire.
And John McCain will be proven right; Obama is now saying that the basic economic fundamentals of the US are sound. Before he ridiculed McCain for saying it.
Posted by: Sally J | March 15, 2009, 10:05 am 10:05 am
Who said it?
1. “You know, there’s been tremendous turmoil in our financial markets and Wall Street and it is — people are frightened by these events. Our economy, I think, still the fundamentals of our economy are strong. But these are very, very difficult time. And I promise you, we will never put America in this position again. We will clean up Wall Street. We will reform government.”
2. “But if we are keeping focused on all the fundamentally sound aspects of our economy,” he added, “all the outstanding companies, workers, all the innovation and dynamism in this economy, then we’re going to get through this. And I’m very confident about that.”
Posted by: drjohn | March 15, 2009, 10:05 am 10:05 am
Things aren’t as bad as “WE” think they are?
WE???
It is just about imposssible to adequately describe the stupidity of Obama supporters.
Posted by: drjohn | March 15, 2009, 10:09 am 10:09 am
Boneheaded mistakes continue at a grand scale youe’ve never seen before.
Just weeks ago this Smartes Clueless fearmongar told us the sky is falling if his trillion dollar debt of your great grand children’s was not given to him. Even Bill Clinton has to say in public this phony was in over his head. Now, all fundamentals are good? Then, give that freeking trillion dollar back.
Posted by: two cats | March 15, 2009, 10:19 am 10:19 am
next week the media will tell obama to jump… he’ll ask “how far”
Posted by: realityville | March 15, 2009, 10:47 am 10:47 am
Obama, Pelosi, Franks, etc. got the money they needed for all their rediculous earmarks and programs–they got what they wanted.
We get a weaker country indebted to places like China and taxes on all of our basic needs.
It should be obvious what Obama did–he used us and lied to get what he wanted. The story of his whole life.
Posted by: sammy | March 15, 2009, 10:49 am 10:49 am
Why am I now feeling ‘warm and fuzzy’ because the “ONE” has said all is gettin’ better? This dude is a joke and knows absolutely NOTHING about NOTHING!!
He is a straw grabber, nothing more!!
Posted by: American Infidel | March 15, 2009, 10:58 am 10:58 am
Drjohn, you rock!
I can only shake my head when I hear the president go from warning darkly that if Congress did not rush to pass his stimulus bill as is without bothering to read it, we could plunge into a deeper downturn from which we might be able to recover to suggesting that the fundamentals of our economy are strong. Give me a break.
I defended McCain when he said the same thing early on. He was right, and the president is right, to say that the fundamentals of the American economy are strong. I just wish the president had been saying that when he was busy trying to scare people into giving him what he wanted.
Posted by: GetMedieval | March 15, 2009, 11:31 am 11:31 am
Is Obama trying to do too much? Is he trying to fix the economy? No, of course not. He is taking advice from Saul Alinski’s writings which say he must cause chaos, panic, and total despair in order to install a new Government order. There is the fantasy abroad in the US that Obama is trying to stimulate the economy to repair the damage to people’s investments, jobs, and future retirements. There is nothing further from the truth because his statements about catastrophic tax increases, energy caps which control company’s profits — which is how he plans to bankrupt the coal industry, increasing taxes on investors and compay owners, denying medical treatments to senior citizens, all point to an orchestrated plan to make the recession into a depression. And that is what Rahm Emmanuel meant when he said “a crisis is too important to waste.” Every time he makes a statement the market drops. If he had said nothing we would be far better off. How can he possibly be trying the improve the economy when everything he says is calculated to destroy confidence in the capitalist system?
In every way possible Obama is violating our Constitutional principles. Senator Byrd, a Democrat, says so. And it is perfectly obvious that railroading a bill through Congress without a single member reading it, bypassing Congressional oversight by appointing czars who can overrule cabinet officers and ignore Congressional oversight, politicizing the census by moving it to the White House, approving the seating of the District of Columbia in the Congress, bypassing the states’ governors to control the use of stimulus funds — are all in obvious violation of Constitutional law. And, it is clear Obama wants to eliminate the Bill of Rights, starting with freedom of speech by silencing talk radio, imposing gun control, and pre-empting states’ rights.
Obama is not even a socialist. In France, which most people consider a socialist state, there is nothing like the actions of Obama. Obama is a Communist, and even worse, he is a dictator who would impose his world-view even though it is totally naive. He has amply demonstrated his inept diplomacy by offending Russia, Poland, the Czech Republic, making a fool of himself with the Iranians, offending the British Prime Minister and President Silva of Brazil. He is taking sides against Israel, and this has horrid consequences. His appointments to high posts in his administration includes tax cheats, anti-business ideologues, virulent anti-Israel partisans, and he has in effect neutralized the cabinet secretaries with overlapping and conflicting White House appointees. And, he does not listen to any of them.
So, far his Presidency is a disaster — just exactly what he wants.
Posted by: Arthur E. Lemay | March 15, 2009, 12:32 pm 12:32 pm
I’m convinced that the only people that truly trust Obama’s word are the supporters that believe he is their savior.
You know those poor saps that think he will pay their bills, fix the climate, make the Oceans recede.
I bet even the clueless high school/college kids don’t even believe him anymore. Afterall they are the ones stuck w/his tab.
Posted by: tyler | March 15, 2009, 12:37 pm 12:37 pm
Drjohn, you rock!
I can only shake my head when I hear the president go from warning darkly that if Congress did not rush to pass his stimulus bill as is without bothering to read it, we could plunge into a deeper downturn from which we might be able to recover to suggesting that the fundamentals of our economy are strong. Give me a break.
I defended McCain when he said the same thing early on. He was right, and the president is right, to say that the fundamentals of the American economy are strong. I just wish the president had been saying that when he was busy trying to scare people into giving him what he wanted.
Posted by: GetMedieval | March 15, 2009, 3:02 pm 3:02 pm
Wait a second… Not less than 3 weeks ago, we were in the throes fo the worst economic crisis since the Great Depression.
Can you say FEAR MONGERING? We were in this “crisis” long enough to shove the porkulus bill(s) down our throat without any debate or consideration, and now *poof* we’re all better now?
This stinks, and all the Obama supporters are still drinking the koolaid!
Posted by: P Friedl | March 16, 2009, 9:56 am 9:56 am