Romer: Obama Adminstration Helped Country Survive “Biggest Macro-Economic Shock” in its History

Twenty percent down now that Obama is in office. Obama is not the “change we need.”
Obama campaigned on “trust me, I know it all.” Clearly, he knows nothing.
Obama and the Democrats lied. They want the idiots to believe that the so called “recovery plan” was intended to help the private economy recover. It was not–it was designed to grow and maintain the government at the expense of the private sector. Only in this sense can the plan “work.”
Obama is against capitalism and economic freedom. If let to his own devices he will damage the private sector as he is permitted to do with the help of Congress.

“still in far better position than during the Great Depression thanks to “a much better policy response” by the new administration than the nation had in the 1930s.”
Say what? What have they done?
“we need to let the medicine work for a while to see if it does the trick.”
If we’re in a far better position why do we need to see if “it does the trick”?
It could easily be argued that TARP 1 saved the country. Of course, Obama will create or save the economy.

“It could easily be argued that TARP 1 saved the country”
Would you argue that?

Obama has to have the worst economic record of any incoming president. He is simply out of his league. His policies have not only failed to help but they have made matters worse.

“Speak for yourself. I didn’t qualify for anything. I just get to pay the FICA and the mortgages for those who won’t.”
WAAAAAAAAAAAAAAAAAAAAHHHHHHHHHHHHHHHH!

Obama = Carter II
America has seen the damage a leftist president can do in the past. We are in for a refresher course under Obama.

RCP Averages for Right/Wrong track
Jan 20th
22% Right Track
70% Wrong Track
Mar 9th
35% Right Track
56% Wrong Track.

Posted by: Ryan C | Mar 9, 2009 6:42:51 PM
A true Marxist. I hope one day, young man, that you actually have the pleasure of supporting yourself.

When will Obama let go of our collective loins. My loins hurt pretty bad already and it has only been two months. I don’t think any of us can take another 46 months of the same incompetence we have seen so far from Obama.

“A true Marxist. I hope one day, young man, that you actually have the pleasure of supporting yourself.”
Snide comments like this demonstrate that class warfare doesn’t necessarily start from the bottom up.

Obama will fail the people. In 2012 he will assuredly be relieved of his command as POTUS. Unemployment is in the double digits in outlying bucolic America,commodities are scarce, food prices are increasing, and the global recession is going to drive inflation in the near future thanks to increasing government debt. Obama made over $4 Million dollars last year and brought his own chef to the White House, he should collect those nice comfortable paychecks and Michelle can keep being a cover girl. It will be over for them in 4 years.

“In 2012 he will assuredly be relieved of his command as POTUS.”
You’re predicting a coup in 2012?

“He caters to his many far left liberal organizations such as Move on dot org and not the plight of the American people”
ROFLMAO!
Because right wingers care about the plight of anyone but themselves.

“Obama will fail the people. In 2012 he will assuredly be relieved of his command as POTUS. Unemployment is in the double digits in outlying bucolic America,commodities are scarce, food prices are increasing, and the global recession is going to drive inflation in the near future thanks to increasing government debt”
The vast majority of Americans, 84%, think the current economic conditions were inherited and not caused by President Barack Obama, according to the latest Wall Street Journal/NBC News poll to be released today.
Further, the majority of respondents don’t believe Obama will be viewed as responsible for the economy’s state until much later in his term. Asked at what point Obama will be “mostly responsible for the country’s economic conditions,” 25% said in one to two years, 18% said in two to three years, and 23% said in more than three years.

The public will soon choke on the PR spin coming out of the White House…

I think Mr. Obama is too much of a showmanship. I remembered when he was President-Elect, he gave us the impression that he was forming an economic team quickly, announcing left, right and center. But now we found out the under Geithner, there are 15 positions to be filled.

I hope Geithner is taking a dvd player that Mr. Brown can play all those wonderful movies our President gave him. Better yet, keep him in his office, even if Ms. Romer has to sit on him, until he has a bank plan.

“I hope Geithner is taking a dvd player that Mr. Brown can play all those wonderful movies our President gave him.”
This is the best the right wing has got?

Ms. Romer might want to explain Wall Street’s verdict on Mr. Obama’s policies.
Obama “inherited” a Dow Jones Industrial Average of 9,625 on the day he was elected, and 8,275 on the morning of his inauguration. Every single drop in that average since then is directly attributable to his policies and his increasingly perceived incompetence. Having all the instincts of a coward, his impulse is to blame all that is wrong on someone else. The public is increasingly ceasing to buy that sort of cowardice: While 16% of the electorate “strongly disapproved” of him on inauguration day, that figure has now doubled to 32% in barely six weeks.
When he tells congress that the cause of our economic woes are a failure to provide for green energy, failure to improve ecation, and failure to reform healthcare, everyone knows he’s lying.

“Obama “inherited” a Dow Jones Industrial Average of 9,625 on the day he was elected, and 8,275 on the morning of his inauguration..”
The right wing talking point that has little to do with reality.
But its droned incessantly by Hannity, Rush and FoxNoise.
And the gullible right wingers eat it up.
Much easier than contemplating the failure of their ideology.

“(What an utter disgrace to the nation–this is truly amateur hour, and the people are increasingly catching on to that depressing fact.)
Utter disgrace?
Were you in a coma during the Bush Embarrasment Tour of 2001 to 2009?

“Having all the instincts of a coward, his impulse is to blame all that is wrong on someone else.”
President Barack Obama says he will be held accountable for turning around the nation’s ailing economy, and making sure that federal funds used to rescue financial institutions and spur growth are well spent.

“President Barack Obama says he will be held accountable for turning around the nation’s ailing economy, and making sure that federal funds used to rescue financial institutions and spur growth are well spent.”
Bravely spoken. Did he think he would not be held accountable for his failure to turn it around? Is there a knowledgeable person on this planet who thinks that the federal funds in the stimulus package are being well spent? Do we need yet another listing of the innumerable howlers in there?

“I think Mr. Obama is too much of a showmanship. I remembered when he was President-Elect, he gave us the impression that he was forming an economic team quickly, announcing left, right and center. But now we found out the under Geithner, there are 15 positions to be filled.”
__________________________________
That is called poor leadership.
Obama is not a leader.

“Bravely spoken. Did he think he would not be held accountable for his failure to turn it around?”
No but it shows leadership to claim responsibility beforehand.

“Mr. Bush inherited an energized and ambitious Al Qaeda from Mr. Clinton, who declined every opportunity to do the organization harm.”
“Frankly, I find it outrageous that the president is running for re-election on the grounds that he’s done such great things about terrorism,” Richard Clarke told CBS’ “60 Minutes” in an interview Sunday night. “He ignored it. He ignored terrorism for months, when maybe we could have done something to stop 9/11. Maybe. We’ll never know.”
“Mr. Bush took them on, defeated them on what they proclaimed was the central battlefield in their war against the West, and defeated them.”
Yes because Iraq was the main base for Al Queda before we invaded…hmmm wait a minute.

Obama knows nothing other than giving speech after speech that spills out endless platitudes.
Yes with just a short period in office,he has shown that he does not have a handle on this.
The stock market is down 20%- a clear vote of no confidence in his budget and his extreme leftist polices.
In terms of foreign policy Obama has decided that there are moderates within the Taliban that the US can negotiate with. This approach is sure to compromise our position in Afghanistan and cause tension with our allies in the area.
America has problems that are once in a generation in scale. We need leadership and Obama was voted into office because he was perceived to be a strong leader by a majority of the naive voters.
Bush regardless of his politics was over his head in the office. The ones who voted for “Change”, thought Obama to be better.
Instead they are quickly finding that he like his predecessor Bush is less than creditable in his ability to lead with concrete polices that address the financial emergency before us and the wars in the Middle East.
Fortunately the executive branch alone does not run the country.They are checks and balances of power. In 2010 vote the DEMS out.
Take responsibility for your vote and convey to both Congress and Obama to get act their act together.

Mr. Ryan C. seems to take great comfort from public opinion polls (at least the ones he likes). He assiduously declines to address the exquisitely accurate daily poll of investors as reflected in the Dow and the S&P 500. On the day Mr. Obama was elected, investors valued American business, as reflected by those indices, at 9,625 (Dow). Since that day that valuation has declined by more than 30%. That decline has been caused 100% by investors’ assessment of Mr. Obama’s pronouncements and actions concerning his economic plans. Inasmuch as the Dow is a leading economic indicator, it is not premature to announce even at this early date that Mr. Obama has failed. The public opinion polls–a notoriously lagging indicator–will catch up in due course.

“Mr. Ryan C. seems to take great comfort from public opinion polls (at least the ones he likes).”
If you can find another poll measuring who inherited the crisis, let’s see it.
That you cherry picked Rasmussen when there are quite a few approval polls says more about you than you think.

At this point in the Presidencies of Carter, Reagan, Bush, Clinton, Bush, and Obama, the approval polls were:………..
Carter 70%, Reagan 57%, Bush1 65, Clinton 63, Bush2 65%, Obama 62%.

“That decline has been caused 100% by investors’ assessment of Mr. Obama’s pronouncements and actions concerning his economic plans.”
And that is 100% opinion. You can’t prove any of it.

That decline has been caused 100% by investors’ assessment of Mr. Obama’s pronouncements and actions concerning his economic plans
***************************************
100%??? You got something to back that up with?
Wouldn’t have something to do with the Banks being insolvent?
Wouldn’t have anything to do with the rest of the world contracting its economy?
Wouldn’t have anything to do with pulling their money out and putting it under their mattress, or into Gold or metals where they will loose it in the end when that bubble pops?
Maybe, just maybe they want a hand out from government to get things going and they do not see enough.
Seems to me it is easier to give simple answers then it is to come to the correct conclusion.

Obama Malaise is eroding confidence in our economy. As Warren Buffett, (a key economic advisor to the Obama Central Committee) says -
“We’ve had muddled messages, and the American public does not know. They feel they don’t know what’s going on…

Democrat:dinner and a movie first Republican:it’s never consensual

Those who continue to vote lock-step with Obama’s plans will feel the pains of fail at election time 2010.
*************************************
I see you have put on your jackboots, and have gotten your GOP marching orders.

Oh sure, President Obama is responsible for the economic woes of the entire world and the United States.
He probably even caused the collapse of Iceland.
Try using your brain,not your brainwashed bias.

Obama will turn the US into another 3rd World cesspool. All of his policies are reflected in the stock market dropping-they all think they stink.

The aggregate assessment of these willing buyers and sellers is a resounding vote of no confidence in the aadministration of Mr. Obama.
****************************************
Again you got anything to back this statement up?
Just words no facts The world economy is shot to hell that is why the stocks are falling, even if the US was to recover now where the hell would the market be? These Compannies are international companies anymore.
aggregate assessment? There isn’t any it is fear.

So when all the Obama fans around these parts post in lockstep singing the Chosen One’s praises, that’s just speaking their mind. But when anyone speaks ill of him, they are immediately greeted with a chorus of “that’s just right wing talking points,” as if lots of rational, concerned people cannot have similar responses to this mess. Maybe we should all agree that Democrats are going to agree with one another more than they are going to agree with Republicans and vice versa, and not attach sinister motives to either side.

“aggregate assessment? There isn’t any it is fear.”
Precisely. Fear of what this unfortunate amateur will and will not do. Be very afraid.

“The aggregate assessment of these willing buyers and sellers is a resounding vote of no confidence in the aadministration of Mr. Obama.”
It may be a vote of no confidence in the market in general but you can’t prove what their specific motives are.

The worst is yet to come, and unfortunately our the Obama administration is failing to target and solve the problem but rather they are trying to salvage the sufferers that are not likely to help.
The Dow reflects the fear, uncertainty, and a total lack of faith in any of the “solutions” proposed by congress and Obama who a president who seems fairly clueless as to what is going on within our own economy.

Bless you, Moderate. I sure hope you’re of the female persuasion.

Sad that someone would have such a limited understanding of the current state of world economies and yet presume to blame all of the problems on a President who’s been in office for 2 months.
Try to expand your understanding of the current world economic situation beyond robotic partisan attacks.
The lack of understanding of what is going on in countries all over the world and the gross failure of the last 8 years in the world economy is shocking.
A shallow anaylsis reveals only your lack of knowledge and your practised bias.
Try to raise your vision and understanding.

“Warren Buffett is a simpleton?”
Although I would say yes, you bring up a good point Sigmound.

None of Obama solutions deal with the underlying problems of the economy:
1.The useless regulations within Sarbanes Oxley.
2.The regulations that pushed banks into bad loans.
3.A lack of confidence in the free market system.
Obama’s solutions have buried us in more debt, making the value of the dollar fall even further. Obama and his incompetent administration continue to bash the economy driving confidence out of the stock market. The Dow reflects this

“Please quit misquoting Warren Buffett out of context. It is cheap, wrong and he would not appreciate it.”
Buffett Quotes;………….. “The message has to be very, very clear as to what government will be doing,” Buffett said. “And I think we’ve had, and it’s the nature of the political process somewhat, but we’ve had muddled messages and the American public does not know. They feel they don’t know what’s going on, and their reaction then is to absolutely pull back.”
“I think the secret ballot’s pretty important in the country. You know, I’m against card check, to make a perfectly flat statement,”

SAD BUT TRUE….learn the parable of the “POST TURTLE”…………
A midwestern farmer was driving home to his farm along a country road……he watched the long fence line along the side of the road….and then he saw a sight that caught his attention…….atop one of the fence posts was a turtle flailing its legs….stuck desperately atop the fence post. The farmer stopped to ponder the situation……..he came to the following conclusions:
1) The poor turtle did not get up on that HIGH fence post by himself;
2) Someone (or some group) had to put the turtle up there;
3) The poor turtle had no clue of what to do while up there and no idea about how to get down.
Learn the parable…..pray for the poor turtle.

LEARN THE PARABLE OF THE POST TURTLE: Election Day 11/4/2008…the day of HOPE…..the Dow Jones Industrial Average closed at 9625……a dangerous drop from the high during the previous administration…….but the POST TURTLE could save us all…..HE could do better……..and now less than two months after the POST TURTLE attained his lofty position….the DOW has sunk to almost 6500…..down over 3,000 points. THREE TRILLION in assets GONE since the POST TURTLE acquired his LOFTY POSITION…..and yet the purveyors of “change we can believe in” continue to worship the POST TURTLE. A record 31.8 million Americans receive food stamps at the latest count. That is an increase of 700,000 people in one month with the United States in recession. These are government figures. That’s up $10 billion from 2008. So we have 31.8 million Americans on food stamps. But the POST TURTLE handlers perservere………after all it was CHANGE WE CAN BELIEVE IN. The new government unemployment figure is out today, and it is 8.1%, over 600,000 jobs lost last month. “The nation’s unemployment rate bolted to 8.1 percent in February, the highest since late 1983, as cost-cutting employers slashed 651,000 jobs.” THE TIMES THEY ARE A CHANGING……….

The blind messiah leading the blind of
America blindly into a blinding light
of hope and change…….and MSNBC et.
al. blindly following and greasing
the skids. Take a peek, America. We
don’t have to follow the lemmings’
march over the cliff. Blind ambition,
Chicago-style. That’s the dish being
served.

Yes, and because of Present Obama’s occupation of the White House no big meteors have hit us, either.
What a crock.

No more republican economic terrorism!
Buffet’s advice to the GOP: “I think the Republicans have an obligation to regard this as an economic war and realize you need one leader…”

It’s not all that hard to understand folks… So…You own the nicest home in the neighborhood, by far. Your going away for 8 years and your conservative friend, oh lets call him W, moves in with all his conservative GOP frat brothers. 8 years go by and when you come back home to take possession of what was the finest home in the neighborhood, you find that W and his GOP frat brothers have given anything of value to the wealthy neighbors across the street for a few cases of lone star beer. All the doors have been ripped of the hinges so there was no privacy in the home. The plumbing doesn’t work because they did no maintenance, so now they just crap on the floors. They kicked holes in all the walls never took out the trash and let all your wonderful landscaping die.
Now as you dig in and start fixing the damage they did to your home, they stand out in the street and proclaim loudly to anyone who will listen to them that…”You are screwing this house up and that’s not how you fix things!”
And W’s GOP frat brothers just can’t believe the only ones listening are the frat brothers! Everyone else is wishing you well and knows that you will eventually get your home back in order because you’ve done it before. Amazing huh?
Great quote: “I didn’t say that most conservatives are ignorant morons, what I said was, most ignorant morons are conservatives.”
If a person is not capable of articulating a thought or understanding someone else’s thoughts, it’s just easier to say,” Ditto!”

Mike, that is one of the most disturbed, presumptuous, logic anemic analogies I’ve seen. Then at the end you call people ignorant morons. That’s rich.

RCP Averages for Right/Wrong track
Jan 20th
22% Right Track
70% Wrong Track
Mar 9th
35% Right Track
56% Wrong Track.
—————————-
Ryan C,
GALLUP #s
State of the nation – DISSATISFIED – 77%
Economic Conditions – POOR – 63%
Economic Outlook – GETTING WORSE – 78%
Those numbers are virtually unchanged since Jan 20.
Obama is perosnally popular, but has not done SQUAT to inspire the people or get people believing in his policies!