Obama’s Weekly Address: Asia Pacific Region Vital to US Economic Growth

So if they start buying US products that they were making already, they will lose jobs and then won’t be able to buy our products.

Economists are so smurt.

More simplistic messages from our president for his simpleton supporters to believe.

“…and “building an economy that lasts.”
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We had an economy that lasts… until Harry and Nancy came to town in 2006. Then the double-whammy came in 2008 when oBama brought his community organizing and class warfare skills to join up with Harry and Nancy. They have built a bureaucracy that lasts… not an economy that lasts.

So obama issues tens of thousands of pages of regulations a month on our business and manufacturers making us less competitive and driving many into bankruptcy but his plan for jobs is for the US to then successfully compete in Asia where labor rates are miniscule and regulation nonexistent? …this is the guy the press tells us is a “genius” who makes their legs tingle? The same press who wants to tell Americans who we should vote for in November 2012?

Obama is actually taking credit over there for Boeing sales! The guy is beyond amazing!

Wonder of Obama is ever going to talk about Congress being in the one percent wealthiest in the country: a report found that 37 Senate Democrats and 30 Senate Republicans are worth more than $1 million.

“More simplistic messages from our president for his simpleton supporters to believe.”
Posted by: jonny | November 19, 2011, 9:31 am 9:31 am

Jonny, you win the coveted Post-o-da-Day Award™ for 11-19-11.
To the point and right on the money.
Good Show.

“restore America’s manufacturing might” He is dreaming, right?

“We had an economy that lasts… until Harry and Nancy came to town in 2006″

Despite all these desperate efforts the majority of Americans still blame the Republicans for the financial crash…and correctly so.

“when oBama brought his community organizing and class warfare skills”

The Republicans have been actively waging class warfare on behalf of their corporate and wealthy masters for the last 30 years, and expecting more sacrifices from working class Americans now is just the continuation.

Here is a president who says what he wants to say, but has not really done anything to change or improve trade policies of the U.S. The deficit and currency problems notwithstanding.

The guy is amazing! Simply amazing.

numbers wrote:”Wow! You managed to name two! Will you be able to match a list of practically all the CEO’s and financial officers of all the major corporations and banks in the country? If so you better get started.”
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No need to…. we see the ones that the DEMOCRATS and oBama are protecting…. you don’t have to look very far.

numbers wrote:”Few people except the most dedicated partisan hacks really think the housing bubble was a sustainable economy.”
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Barney Fwank disagrees.

The ‘Sustainable Housing Bubble” economy . . .

Barney Fwank disagrees.

POSTED BY: MICHELLE SHU JAS | NOVEMBER 19, 2011, 2:05 PM 2:05 PM

Barney Frank had nothing to do with it . . .

1) 2004: Under President Bush, the U.S. Department of Housing and Urban Development announces that it will require Fannie Mae and Freddie Mac, also known as the Government-Sponsored Enterprises (GSEs) “to increase their purchase of mortgages for low- and moderate-income families and underserved communities.” In order to meet these new requirements, the GSEs begin purchasing mortgage-backed securities made up of subprime loans.

2) Bush homeownership plan aims at $5.5 million lift for minorities (2003)

President Bush announced an Administration effort to increase home ownership rates among African Americans and Hispanics by 5.5 million by 2010.

The plan would provide down payment assistance to 40,000 minority homebuyers each year . . .
Bush’s plan would be closely tied to some $440 million in minority loan programs offered by Fannie Mae and Freddie Mac. President Bush commended Fannie Mae and Freddie Mac’s efforts . . .

Both of these happened under a majority Republican congress and Republican presidency. CRASH!

Only if you are trying to sell out the US.

Wow, I still get tingles up my leg when I hear him speak.

‘Made In America’ no longer matters. It did back when there was nationwide furor over Japanese-made cars. But that’s history, and there’s not much of a rallying cry he can create anymore around this long-gone concept.

It was reported that the President complained to the Chinese about their currency manipulation! While he is at it he should give them an ultimatum about patent infringement, product theft and cyber terrorism!

In 2008 we exported 5 Million dollars worth of goods to China. This year, so far, we have exported nearly 9 Millions dollars worth of goods. The middle class in china is growing VERY fast in China while we have middle class CONTRACTION where more people are LEAVING the middle class and falling into poverty. US people have no money to spend, Chinese households are sitting on HUGE savings, huge wads of CASH they CAN spend. If we could double our exports to China AGAIN in two years time, as we just did this past two years, then we be selling them 16 Million dollars worth of goods. That’s the same as handing manufacturers in this country 16 million dollars to hire US workers. get it yet? WHERE ARE THE CUSTOMERS??? CUSTOMERS create jobs. CUSTOMERS create job. NOT rich people. MANY MANY MANY middle class people create jobs. THat is what China has. Customers. yes, the Asia Pacific, including India, another GROWING economy with an EXPANDING middle class is a RIPE for consumer product consumption growth. Obama is perfectly correct in working to open up our products into these markets that have CUSTOMERS. When you see republicans not understand such simple concepts, it really makes we worry how much WORSE the economy would be if a republican were in power. How much WORSE would it be if even these very basic common knowledge things are not done, and apparently if Republicans say “Oh this isn’t something we should do, then that means if Republicans get in, they will NOT go after 2 billion person market opportunity to get more customers for our products, and that 8 million dollars that went to US companies would not have happened. Obama had some laws passed to make it easier for foreign corporations to invest here, as well. Republicans complained about that. THe reason for the laws was to make “one stop shopping” for a foreign investor to get one place to work the federal, state and local laws and help navigate foreign corporations to open up factories, etc, here. Republicans didn’t like that either. I swear, how much WORSE would things be if the d0-nothing republicans were in the presidency??????? scary thought. YOu complain how bad it is now????? Just watch how much WORSE they will make it.

POSTED BY: JOHNNY BOY | NOVEMBER 19, 2011, 6:09 PM 6:09 PM

That’s excellent! American exports to China have basically doubled under President Obama, didn’t know that. Makes sense, it’s a stated goal of his administration to increase American exports. And I don’t think the American dollar has been ‘trashed’.

Barney Frank held a very powerful oversight position

POSTED BY: CHUCK | NOVEMBER 20, 2011, 3:06 PM 3:06 PM

No he didn’t. Barney Frank was a MINORITY member of the Financial Services Commiittee.

“Barney Frank held a very powerful oversight position which he clearly abused. He was well aware that Fannie/Freddie were in trouble in both 2003 and 2005 and lied to committee members about the solvency and stability of the companies.”

Hogwash. in 2003 and 2005 the Republicans held the majority in the House and in the Senate and held the presidency, and had majorities on the committees. Their attempts to blame Barney Frank is scapegoating, nothing more. Same as your attempts.

The Republicans held the majorities, set policy and were RESPONSIBLE. Now they shirk that responsibility, pull out a few quotes and pretend Barney had responsibility – he did’t. They (and you) make themselves a laughing stock.

2004: Under President Bush, the U.S. Department of Housing and Urban Development announces that it will require Fannie Mae and Freddie Mac, also known as the Government-Sponsored Enterprises (GSEs) “to increase their purchase of mortgages for low- and moderate-income families and underserved communities.” In order to meet these new requirements, the GSEs begin purchasing mortgage-backed securities made up of subprime loans.

The person responsible for overseeing Fannie and Freddie during the collapse was appointed by Bush – an old school chum of his named James B. Lockhart. Lockhart was paid very well to oversee Fannie and Freddie; he was not a minority member of a committee.

Has he figured out yet that Hawaii isn’t part of Asia? “Here in Asia …” What a dope.