Obama Campaign: Romney Economic Plan ‘Repackaged’ Bad Ideas

According to the former head of the World Trade Organization and a recent UN report, global fiscal tightening has been “misconceived and inept”. NOTHING the Republicans propose will create jobs in the real world.

The UN report says, “Unemployment depends very much on demand. And if you have no demand then you need government to step in with a huge program for stimulating the economy.”

The report goes on to say how this economic situation is extremely dangerous. Without more stimulus, we can expect a DECADE of stagnation as best-case scenario. Unfortunately, there is NO WAY our nation can infuse the economy with stimulus as long as the obstructionist Republicans are in Congress. Get rid of them.

The UN is an economic authority? If government spending is the key to economic prosperity, why did Greece collapse?

It is ridiculous that Romney could think American voters are so short of memory as to believe his tired ideas are the answer to our economic woes. They are clearly the same old Republicans policies of giving to the wealthy and corporations as the answer to stimulating the economy. The only thing it accomplishes is adding to the riches of those who least need help.

I agree Kimbo – Obama is as stale and dishonest as his _____ proposal (fill in the blank). Nothing new to see here folks.

So if it’s Romney-like ideas that got us into our current economic situation, what exactly is it that Obama’s ideas have done for the economy? With the liberal media never hold their Savior Obama to account? Shameful.

THIS ARTICLE: “Romney proposed slashing the corporate income tax rate, implementing free trade agreements…” ………………. woah!!! “Free Trade Agreements”… LOL! … You mean, like “NAFTA”? I thought Republicans were against NAFTA? Oh, sorry, I’m mistaken. The idea of NAFTA started with Reagan, the pre-ratified version was signed by George H.W. Bush (Bush # 1), and the ratified version signed by Clinton. … sorry, my mistake.

George_Bushie, I failed to understand your point. Yes, Romney supports free trade. And I guess I missed the memo that said every Republican has to agree with every other Republican on every single issue. IS that the way Democrats do thing? It would explain a lot. But when you ramble on about NAFTA, I grow confused. I aupported NAFTA, some Republicans like the ones you reference supported NAFTA, and some other REpublicans were steadfastly against NAFTA. What’s your point? Because some republicans do not like NAFTA, Romney should not push free trade agreements to spur exports and create jobs? I don’t get it.

green.goddess wrote:”NOTHING the Republicans propose will create jobs in the real world.”
.
Then you obviously live in an alternate universe since you have no earthly idea what drilling for our own energy resources can do for job creation…. or you have an alternate agenda.

Posted by: Michelle Shu Jas | September 6, 2011, 10:02 pm 10:02 pm

Not only were Republicans assuring everyone the fundamentals were strong, as the economy collapsed, Bush was calling it just ‘rough patch’.

They were very wrong and the country is still paying for that.

Posted by: Don | September 6, 2011, 10:15 pm 10:15 pm

Dishwasher.

Posted by: Dane | September 6, 2011, 10:05 pm 10:05 pm

I recall Joe Biden using the phrase “Recovery Summer” back in June 2009. In April 2010 he swore that we were on the verge of “creating between 250,000 jobs a month and 500,000 jobs a month.”

We’re still waiting.

HOW IN THE WORLD can anybody in the Obama team criticize a jobs plan??? — They haven’t come up with one yet!!! ——- Remember EIGHT PERCENT!!! —- That is the percentage of Obama’s cabinet who had worked in the PRIVATE business sector prior to their appointment to the cabinet!!! —– Compare this to past administrations!! —- Eisenhower… 57%; Kennedy… 30%; Johnson… 47%; Nixon… 53%; Ford… 42%; Carter… 32%; Reagan… 56%; GH Bush… 51%; Clinton… 39%; GW Bush… 55%. ——– No wonder they can’t find their @SS with both hands!!!

LYDIA: “It is ridiculous that Romney could think American voters are so short of memory . . .”

Who can forget the failure of the Obama Stimulus and economic policy? We are living it right now.

LYDIA: “They are clearly the same old Republicans policies of giving to the wealthy and corporations as the answer to stimulating the economy.”

That’s because it will always be better for the economy to give money back to the people who produced something to earn it than to have it wasted by government, that only adds to the cost of real production. It’s the failed, government-heavy policies of Obama that have delayed recovery and made things worse. And, you liberals foolishly demand more . . .

Intelligent people don’t fall for meaningless phrases like Hope and Change. Just sayin’.

Posted by: Don | September 6, 2011, 10:40 pm 10:40 pm

Intelligent people are able to not only think beyond a political slogan – but they’re able to think beyond harping on a political slogan. Guess where that leaves you?

Posted by: Don | September 6, 2011, 10:40 pm 10:40 pm

Intelligent people didn’t fall for that or compassionate conservatism or the notion that tea party candidates would give two hoots about jobs once elected or Palin’s death panels whopper or wink, or Bush’s “clear skies” act or Reagan’s four pillars that he never put into place or mission accomplished, or waterboarding isn’t torture or read my lips or….. you get the idea. And yet they still vote. Because its their civic duty. And the GOP doesn’t offer up many reasonable or worthwhile candidates.

Just sayin’

The economy has not been in such bad shape as under President Obama’s “failed” leadership. When you consider that September 11, 2001 was a Trillion dollar hit to the economy the Bush policies prevented a disaster. We couldn’t survive another with the Obama’s policies! Time to get a person who knows how to create jobs in the White house!!!!

When you consider that September 11, 2001 was a Trillion dollar hit to the economy the Bush policies prevented a disaster.

Posted by: Common _ Sense | September 6, 2011, 10:49 pm 10:49 pm

Big freaking deal . . .

Look at what the Bush economic collapse did to the economy.

Home Values – The U.S. lost $3.4 trillion in real estate wealth from July 2008 to March 2009 according to the Federal Reserve.

Stock Values – The U.S. lost $7.4 trillion in stock wealth from July 2008 to March 2009, according to the Federal Reserve.

Never mind the cost of the millions of lost jobs and GDP.

Posted by: Michelle Shu Jas | September 6, 2011, 10:46 pm 10:46 pm

Nope. Sounds more like you are. I’ll help:

tribal: displaying loyalty to a tribe, group, clan or tribal values;a group of people sharing an occupation, ideology, interest, values or habits

right wing: The conservative, orthodox or reactionary section of a political party or system; defends entrenched prerogatives, privileges and powers and inequality

bubble: an impracticable and illusory idea and/or

bubble:

Democrats have controlled the House of Representatives 51 out of the last 65 years. —— Democrats have controlled the Senate 45 of the last 65 years.

Posted by: TheLoyalOpposition | September 6, 2011, 11:00 pm 11:00 pm

Yeah, I know. And the Republicans finally got control of Congress for 12 years straight and put in place an economy so ‘strong’ it collapsed like a house of cards into a massive economic disaster. Just a little ‘neo-con’ agenda in the works for everybody . .. so cool.

I’ll take a union job anyday!

So unlike the president’s last 4 years, Romney actually produces an economic plan only to have O-how-I-love-myself-bama criticize it from his lofty throne. Obama’s economic plan of spend spend spend, bailout bailout bailout, health care bill that America doesn’t want, and omnibus spending plans that utterly failed to do anything isn’t an economic plan at all. Any buffoon can spend money and Obama has mastered the art of shopping more than any other president combined so he thinks this qualifies him to attack actual economic paths for America that don’t involve spending like a drunken sailor.

“And, you liberals foolishly demand more…”

Of course we do and that is our right, you are the one being foolish! Oh, and exactly who are those americans that do not want a health care bill? I have never actually met one yet, maybe because they live in different circles and when they are not tanning themselves on their estates they can fly to any doctor in the country. I guess that is good for them, but its not for me.

Posted by: mumma | September 6, 2011, 11:20 pm 11:20 pm

You’ll want to touch base with Kimberly, Dane, Brad, and John. In this thread, anyway.

Posted by: TheLoyalOpposition | September 6, 2011, 11:27 pm 11:27 pm

Evil Don is Kimberly’s creation. :) She tends to hijack screen names when she’s losing a debate, which is often. It dosn’t occur to her that it’s nonsensical for someone to instantly change positions within a minute and miraculously agree with her. LOL!

Posted by: Don | September 6, 2011, 11:23 pm 11:23 pm

Okay, so now you’ve basically let it slip that you’re the one who borrows my name and tries to do parodies of me but doesn’t really do it well. That’s your perogative. I don’t find it lends you much credibility or provides any substance for your contributions to the comment section.

Posted by: Don | September 6, 2011, 11:35 pm 11:35 pm

It isn’t me, but whatever. I will say this: you have to actually be having an argument about something to lose it and you haven’t said anything of merit. It’s all attacks and distractions of a personal nature.

To get back on track, I’ll point out to Common Sense that 43% of the debt originated under Bush, much more than under any other president including Obama, Clinton, H.W. Bush and Reagan.

Posted by: Kimberly | September 6, 2011, 11:37 pm 11:37 pm

Sounds like projection. Nobody needs to do parodies of you to get comic relief.

Don: Not to mention Obama’s direct role with the ’08 crash by blocking Bush administration efforts, starting in 2004, to reign in Fannie and Freddie. The legislation Obma blocked also sought to place higher down payment and credit scores to obtain mortgages. Obama also sponsored “Mark to Market” legislation that was attached to an Iraq war bill in order to force Bush to sign it. Mark to Market accounting was the single accounting change that made US financial firms most vulnerable to naked short selling. Enter George Soros and others like him who saw this opportunity to short US financial firms,and did, leading to the crash. It was TARP that saved the system from a similar scale meltdown that occurred after the banking crisis of Oct. 1930 that led to the Great Depression. Fact Obama had a rescued banking system, and employment losses began to turn around two months BEFORE Obama’s stimulus plan took effect allowed this president to make a claim he rescued things. Statistics are clear, Obama’s efforts were late to the game, and largely have made the recovery more tepid.

The best signal is the size of the US workforce. It reached 157.4 million when Bush left office, (11.64 million gross unemployed) its 153.228 million now. With average workforce growth supposed to be 170,000 per month, and Obama now 31 months into his first term there is an additional 5.1 million people missing from the official workforce – meaning it should be 162.5 million people at this point, with 139.3 million working. Back in 2009, when Obama took office unemployment based on the larger workforce was 7.4%. It rose steeply officially before Obama’s information Czar, Cass Sunstein took up his position. After the OFFICIAL SIZE OF WORKFORCE DROPPED STEEPLY, hiding the fact that unemployment today using Bush’s size of workforce plus additional working age people expected by Census data, is actually 14.27%.

A second VERY OVER LOOKED series of numbers stems from Federal spending and deficit numbers compared to GDP. In 2007 GDP totaled $14,100 billion with $163 billion borrowed for a net of $13,937 billion. In 2011 GDP totals $14,700 billion with $1,569 billion borrowed for a net of $13,131 billion. Take away borrowing and US GDP has shrank $969 billion.

So two Obama statements are complete lies: One his policies have “created” 2.3 million new private sector jobs. December 2008 there were 145,760,000 working compared to 139,632,000 now. That’s a loss of 6,134,000 jobs. Add to this average hours worked. For Dec 2008 that was 37.6 hours per week, now its 34.1 hours a drop of 3.5 hours, or 9.3%. Add to this real inflation impact of -5% of spending power since Obama took office, you have a real Depression going on. No amount of statistical footwork can mask these facts, which explain why 74% of Americans believe the has been no recovery.

Obviously Obama’s ideas have not worked. Combined with his divisive political rhetoric, and EPA super-regulations, the current occupant of the White House IS the problem. Romney’s 59 point plant is not just workable. It is necessary.

Posted by: pat | September 7, 2011, 12:02 am 12:02 am

Love to watch the Republican right try to back out of the fact the Republicans had 12 full years with the majority in Congress to build their ‘strong Republican’ economy, and that it collapsed like a house of cards into a massive economic disaster. Losers. If it wasn’t for that evil, all-powerful Barney Franks everything would have been perfect for them. Losers.

One his policies have “created” 2.3 million new private sector jobs. December 2008 there were 145,760,000 working compared to 139,632,000 now. That’s a loss of 6,134,000 jobs.
_______________________________________________

This is the kind of hogwash that reveals the Republican right for what they are – unprincipled deceivers.

Looking at Bureau of Labor Statistics data on seasonally adjusted non-farm employment from December 2007, when the recession officially began, to January 2009, the month before the stimulus was enacted (a 13-month period), the jobs number declined by 4.4 million.

The economy was in collapse in free-fall collapse when Obama was sworn in – and in the middle of a massive economic disaster that was getting worse month by month. Hundreds of thousands of jobs were being lost every month, month after month. This momentum and the massive loss of jobs continued through the first months of Obama’s presidency, but had little if anything to do with President Obama or his policies.

Attributing the job losses in the early months of Obama’s presidency to him or his policies is patent nonsense – and transparently deceptive – which is exactly what you’ve done.

If you were honest about your number you would not be attributing the job losses in early 2009 to Obama at all. This eliminates millions of jobs from your phony attempt to smear Obama. Millions.

Jess: You are cherry picking. Look at the graph shown in last weekend’s Wall Street Journal. It clearly shows job losses were slowing down BEFORE Obama’s stimulus became law. Job losses accelerate though January 2009, and begin to slow afterwards. Stimulus, Obama’s main thrust started in April 2009. That month job losses were already cut in half. Yes the US lost about 4 million jobs while Bush was still in office. However the REASON for the crash is clear, and Obama played a much larger role in this than most know. Did you know Schumer, Dodd, Kerry, and Obama all took turns between mid 2004 and March 2008 to stop 17 Bush administration efforts to reign in sub prime lending, and Fannie and Freddie? Obama didn’t inherit the mess anymore than you or I did. He along with Bush, who is not a conservative, participated in a series of steps that created a situation that made US financial firms vulnerable to naked short selling, that George Soros is an expert with.

Obama polices have not repaired the economy, they are extending the pain. Its time for new direction based on principles that have always worked in the past.

Posted by: pat | September 7, 2011, 12:57 am 12:57 am

1995-2006
No legislation to further regulate GSEs is passed by a Republican-controlled Congress.

October 7, 2004
The House Financial Services Committee Chairman Michael Oxley (R-OH) cancels a markup on legislation to reform GSEs at the request of President Bush. According to CBS Marketwatch: “Strong opposition by the Bush Administration forced a top Republican congressman to delay a vote on a bill that would create a new regulator for mortgage giants Fannie Mae and Freddie Mac.”

May 25, 2005
The House Financial Services Committee, under control of House Republicans and Chairman Oxley, passed a GSE Reform bill, H.R. 1461, by a vote of 65-5.

July 28, 2005
The Senate Banking, Housing and Urban Affairs Committee, then chaired by Sen. Richard Shelby (R-AL), passed S. 190, the Bush Administration’s bill, out of Committee. The bill was passed by a party-line vote of 11-10. The bill did not reach the Senate floor for a vote.

October 26, 2005
On the day the House was scheduled to vote on H.R. 1461, the Bush Administration issued a Statement of Administration Policy opposing the House Republican GSE bill.

October 26, 2005
H.R. 1461 passes the Republican majority House by a vote of 331-90, with 122 Democrats voting in favor..

September 2006
Oxley and Frank send a bipartisan letter to Senator Shelby urging GSE reform. Many Democrats and Republicans signed this letter urging the Senate to act.

January 2007
Democrats take control of the House and Senate; Barney Frank is named Chairman of the House Financial Services Committee.

March 28, 2007
The House Financial Services Committee passes H.R. 1427, the GSE reform bill, by a vote of 49-15. The legislation had the support of the Bush Administration and represented a tougher bill than the 2005 effort.

Don: Produce the Memo you mention. It was on Huffington Post, and found to be a fake. Care to clarify your remarks…

Posted by: pat | September 7, 2011, 12:09 am 12:09 am

It wasn’t Don who mentioned it; it was me @11:07 pm and 11:36 pm. It wasn’t “found to be a fake”, rather Amy Menefee, communications director of Americans for Prosperity and its anti-health reform group distanced those groups from the author who actively postsed and volunteered with the website Tea Party Patriots. Here are three of the tactics:

Artificially Inflate Your Numbers
Be Disruptive Early And Often
Try To “Rattle Him,” Not Have An Intelligent Debate

The leaked memo was linked to and blogged about at Think Progress @ Right-Wing Harassment Strategy Against Dems Detailed In Memo: ‘Yell,’ ‘Stand Up And Shout Out,’ ‘Rattle Him’”

Sounds like what some the strategy of some tea partiers still, if not all, regardless of whether AFP had anything to do with it or not.

While you’re there, check out, “During Secret Retreat With Billionaires, Koch Lobbyist Admits Tea Party Group ‘Designed’ To Elect Republicans In 2010″ (but of course we knew that all along.)

Kimberly: Think Progress: A radical left wing site is your source. Here on Maui the Tea Party has about 500 members. FYI: Not one penny for its organizing comes from off island. It appears you are just making things up to fulfill left wing need to belittle the messenger. Typical Saul Alinsky tactic. It does not wash any more. The Tea Party comprises of nearly 4000 groups across the US adding up to millions of people. It is supported by about 14% of the US adult population – double the union movement. This is why it is demonized. Critical mass has been reached. Simply put the Tea Party can, and likely will raise more money than Obama will in this cycle. It will put more people into polling stations, passing out flyers, helping ID voters, get them to the polls than the Union/community activist/Democrat party will. That is why leftists are so vile lately. The jig is about up, and the left’s leadership knows it. To claim the Koch brothers are the sole reason behind this movement is an insult to even a child’s intelligence.

Jess: You are an interesting fellow. As if one that trades every day doesn’t keep tabs. Did Bush’s “stimulus” work any better than Obama’s? Did GSE reform help, or hinder the recovery? The answer is no. It was passed too late. The altered GSE put forward by democrats contained provisions not in the original legislation the Bush administration found not acceptable. That is called politics. Both parties played this game in the Senate, Obama included. He helped sponsor the Mark to Market provision that destabilized financial institution balance sheets that in turn made them more vulnerable to short selling. Once the “Uptick Rule” was relaxed all hell broke loose. This makes Obama just as culpable as Bush in this regard. He did not ‘”inherit” something he helped create. No matter how much selected cut and paste you apply it does not change this point. Obama misleads at every turn, including this one…

2012 is going to be a huge sigh of relief when we can throw out a huge part of the problem with our economy, Obama.

I’ll take anyone’s plan to put people to work that doesn’t involve spending a trillion dollars and having to find out later that it only put a few peple to work. Then to hear that it will keep unemployment under 8%. It only proves that Obama knows nothing, only reads the words on his screen.

Oh I forgot to mention a good summary of Mitt Romney in NH this past weekend, New Hampshire Dispatch: Mitt Romney Panders to Tea Party, Fails.

My big question is what’s up with the chart fraud, Mitt?

And we’re supposed to believe that Obama’s recent “jobs package” of spending $300 billion dollars is a new idea? Give me a break. What part of stop spending our money does this jacka ss not understand?

Cutting the corporate tax from 35% to 25% is a repackaged idea that lead to this crisis? Ridiculous. We have the highest corporate tax in the world and then wonder why businesses in our own country are trying to leave. Only Washington politicians are so stupid…

Posted by: acdc2012 | September 7, 2011, 11:29 am 11:29 am

Are those businesses who recieve local, state and federal gov’t subsidies also welfare recipients in your view, and are their employees included in your stats?

How do you choose who to scapegoat or demean? What’s the exact criteria?

“Intelligent people are able to not only think beyond a political slogan – but they’re able to think beyond harping on a political slogan. Guess where that leaves you?” – John

Wondering what the next vapid political slogan the NoBo camp can come up with so that I can start harping on it so that I can get a rise out of some self proclaimed intelligent lefties.
Is that the right answer?
Do I win a prize?

Wondering what the next vapid political slogan the NoBo camp can come up with so that I can start harping on it

Posted by: Noz | September 7, 2011, 12:52 pm 12:52 pm

You could try the Republican slogan: Party First – Country Second

The Obama camp, has failed soooooooo miserably, they have zero room to criticize any other ideas.

“The Republicans promised to work on jobs but killed a bill that would have increased how much American-made goods the government and military bought. How can you explain that?” – Lydia

I think they were concerned about trying to force Obama into buying American buses instead of Canadian buses for his recent tour.

“The Republicans promised to balance the budget but refuse to close loopholes for corporations. How do you explain that?” – Lydia

Oh I think you could get loopholes closed if the rate got lowered.

“The Republicans support large corporations even if it means American jobs going overseas.”

Posted by: Artie | September 7, 2011, 3:28 pm 3:28 pm

Jeffrey Immelt, chairman of the board and chief executive officer of the U.S.-based conglomerate General Electric and the head of Barack Obama’s Jobs Council, is currently in the process of moving even more GE infrastructure to China. GE also paid no taxes in 2010.

Posted by: Artie | September 7, 2011, 4:22 pm 4:22 pm

A lot of those jobs in China could be done here. It sounds like Democrats also support large corporations even if it means American jobs are going overseas. That makes you a hypocrite.

When are you republicans going to get it? If I’m a corporate CEO, you can lower my taxes to 0, do away with every regulation there is, and give me ten corporate jets. If I don’t have customers that are willing to buy my products and services, I won’t invest a dime.
Consumer spending and consumer confidence is the key. Money, unlike water flows uphill. The corporations and investment bankers are not going to get us out of this recession