OT: "Obama repackages stimulus plans with old promises"

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Submitted by partypup on June 8, 2009 - 11:24pm

My favorite line in this piece: "Looking back" the administration admits that its own stimulus expectations were "clearly too optimistic." "Looking back"?? Please, any person with common sense who had been looking forward at the time could have seen that this plan would be a complete failure.

Basically, these bozos have just shot the biggest financial wad in HISTORY, and now they're looking back at us and shrugging: "Ooops".

It's interesting to see this unfold as many of us had predicted. The Hope Hangover has begun, and we are about to see what happens when a man promises a Rolls Royce and ends up delivering a Schwinn - with a flat tire.

"WASHINGTON – President Barack Obama assured the nation his recovery plan was on track Monday, scrambling to calm Americans unnerved by unemployment rates still persistently rising nearly four months after he signed the biggest economic stimulus in history.

The economy has shed 1.6 million jobs since the stimulus measure was signed in February, far overshadowing White House announcements estimating the effort has saved 150,000 jobs. Public opinion of Obama's handling of the economy has declined along with the jobs data.
For the first time, the administration admitted the economic forecasts it used to sell the stimulus were overly optimistic.

"At the time, our forecast seemed reasonable," Vice President Joe Biden's top economic adviser, Jared Bernstein, said Monday, explaining that the White House underestimated the scope of the recession. "Now, looking back, it was clearly too optimistic."

By now, according to earlier White House economic models, the nation's unemployment rate should be on the decline. The forecasts used to drum up support for the plan projected today's unemployment would be about 8 percent. Instead, it sits at 9.4 percent, the highest in more than 25 years.

http://news.yahoo.com/s/ap/20090608/ap_o...

Submitted by Veritas on June 30, 2009 - 12:37am.

Obama's Poll Numbers Are Falling to Earth
http://online.wsj.com/article/SB12369035...

Submitted by surveyor on June 30, 2009 - 3:35am.

The AnswersThe Answers

Sorry, so funny, had to share. Please resume your regular programming.

Submitted by flu on June 30, 2009 - 5:49am.

Lol....

Submitted by Zeitgeist on June 30, 2009 - 4:14pm.

We are not amused. BO Stink eyeStink eye

Submitted by flu on June 30, 2009 - 4:38pm.

boo...

Submitted by flu on June 30, 2009 - 4:39pm.

Submitted by Zeitgeist on June 30, 2009 - 10:46pm.

Nice.

Submitted by flu on July 1, 2009 - 5:12am.

bait&switchbait&switch

Submitted by flu on July 1, 2009 - 5:15am.

Geitner's visit to China, getting laughed at by university students after proclaiming how "safe" dollar is

http://www.youtube.com/watch?v=X2AEiYEei...

sigh.

Submitted by flu on July 1, 2009 - 5:21am.

changechange

Submitted by sdgrrl on July 1, 2009 - 9:31am.

Once again its all Obama's fault. Your name says it all republican partypup. Keep hating!

Submitted by sdgrrl on July 1, 2009 - 9:34am.

ps. who the heck you got for 2012? Romney/Graham? Awesome! Keep it up!

Submitted by Zeitgeist on July 1, 2009 - 9:49am.

sdgrrl,

You are the hater. Unlike you who is drawn to the personality, pup is against the policies that are drowning this country in debt, not the man. He is a charming man. Unfortunately, he was not ready for prime time and the undisciplined socialists he has surrounded himself with are hell bent to turn the economic miracle of the United States into Sweden, without the homogeneous population to make it work.As for 2012, they will probably be able to run anyone and win because it will be anyone but Obama by that time. Keep hating and by all means, don't examine the facts.

Submitted by partypup on July 1, 2009 - 10:11am.

sdgrrl wrote:
Once again its all Obama's fault. Your name says it all republican partypup. Keep hating!

ROTFLMAO! Are you even remotely serious? You think I'm a REPUBLICAN?? How long have you been on this board, dear? Have you heard of "in-de-pen-dents"? Get to know us, because we are the fastest growing bloc in this country, my friend. Lemme ask you something: do you imagine we live in a happy little country with two fully-functioning political parties? Do you assume that if someone raises their voice in dissent against a Democrat then that person must necessarily be a Republican? Sdgirl, I have voted Democrat for as long as I can remember. I stopped abruptly after the 2006 Democratic takeover in Congress that led to absolutely zip, nada, zilch - except more spending, more war and fewer liberties. Me - a Republican?? Well, I suppose some of my GOP brethren wouldn't be so happy to learn that I took my conservative ass to D.C. in January 2005 to protest Bush's inauguration in sub-zero temperatures and even filmed a short documentary featuring the GOP idiots who were lining the streets in support even as the Iraq war had cleared revealed itself to be a failure. That's what a Republican does, right? Oh, and by the way, and I voted for Gore and refused to go to the office for two days following the 2000 "election" in protest of the Supreme Court's decision to appoint Bush as our president.

You just go about your happy and clueless life, believing that two separate political parties really exist, that the world is divided into good and evil, that good guys and bad guys fight each other and your team (the Dems) are the "good" guys, and that anyone who hates Obama (including blacks like myself) are Republican, "plants", racists, or whatever. Enjoy that fantasy - while it lasts. Because it ain't going to last much longer at this rate. In all fairness, I can sort of understand how you find yourself falling into this trap. It's probably easer to convince yourself that anyone who hates a member of your team is evil. Why? Because to face the truth - that there are current and former members of your own team who are SERIOUSLY unhappy and fed up with the hypocritical shit your team leaders are pulling - probably screws with your neat little paradigm. All I can say is it's no wonder the Dems and the GOP have been able to f*** up this country to this degree. In a country filled with voters with such a cartoonish view of politics, these crooks can manipulate people like you into believing anything they want.

And by the way...how does my name relate to my political affiliation? Are you implying that those who like to party are Republicans...?

And you might take note that I'm not the only one "hating" on this board. As you can clearly see from the other posts in this thread, you are the one who seems to be out of step with the new reality dawning on even the most casual observer: Obama is a fraud and a crook.

Submitted by sdgrrl on July 1, 2009 - 10:02am.

zeitgeist...you are a genius and I hope you alone can save this country from becoming...Sweden? Yes. Yes. Hitler, Stalin and Sweden? The three fit so well together. That nasty Sweden known for harboring...clocks?

Yes I am the ultimate hater? Of what? Of who? Did I hate Bush? Yep. Why? Policies. Sure sure I'm the hater, but when its on your side its thoughtful deliberation.

Also, I'm glad facts finally mean something to you. Did you care about facts last year or the year before? Nahhh...only if its a Dem in charge.

Submitted by sdgrrl on July 1, 2009 - 10:05am.

partypup I take you at your word and apologize for throwing you into one category. Seriously and without any sarcasm I apologize.

Sincerely,

Shannon

Submitted by partypup on July 1, 2009 - 10:09am.

Zeitgeist wrote:
sdgrrl,

You are the hater. Unlike you who is drawn to the personality, pup is against the policies that are drowning this country in debt, not the man. He is a charming man. Unfortunately, he was not ready for prime time and the undisciplined socialists he has surrounded himself with are hell bent to turn the economic miracle of the United States into Sweden, without the homogeneous population to make it work.As for 2012, they will probably be able to run anyone and win because it will be anyone but Obama by that time. Keep hating and by all means, don't examine the facts.

Right on Zeit. Obama is a one-termer, but I wonder if people will actually run back to the GOP in 2012? It seems to me that if events continue on their present course we might find such widespread dissatisfaction with both parties that the ground will be fertile for the emergence of a viable third party (or parties). What do you think? Remember what Perot was able to do in 1991 when he took advantage of the vacuum between Clinton and Bush? This could happen again, especially if unemployment hangs in double digits for the next few years and the majority of voter start to realize that (a) Obama doesn't have the answer and has actually made things worse and (b) the GOP has no better plan to fix what ails us. This could be one of the most exciting times politically in our country's history. To paraphrase Rahm Emanuel, "Never let a crisis go to waste." If conditions in the next few years don't allow us to neuter the Dems and the GOP, nothing will.

Submitted by sdgrrl on July 1, 2009 - 10:10am.

Now that i've put you down and apologized; I would also like your opinion on public school since you have are an independent. Ron Paul sounds ideal, but I can't grasp privatizing public education. How would this work? I can see how middle class and affluent areas could handle their own systems, but how would this impact lower income areas? I would love to hear any ideas from anyone.

Submitted by partypup on July 1, 2009 - 10:13am.

sdgrrl wrote:
partypup I take you at your word and apologize for throwing you into one category. Seriously and without any sarcasm I apologize.

Sincerely,

Shannon

Thank you, and apologize accepted, Shannon :-) It is refreshing and inspiring to hear this from a Democrat.

Submitted by afx114 on July 1, 2009 - 10:21am.

The problem with Obama critics is that while they have some good points to make, they blow their Godwin load way too early. Is a little foreplay too much to ask?

Submitted by sdgrrl on July 1, 2009 - 10:23am.

Hah! That's awesome.

Submitted by Zeitgeist on July 1, 2009 - 4:00pm.

Pup,

I am afraid of third parties as a general rule. It did not work for TR with all his charisma. However, these are strange times and the right candidate at the right time could appeal to many people who are fiscal conservatives, but social moderates- liberals. If someone can harness the anti-tax power, that would tap into something very powerful. I always thought sdgrrl was a reincarnation of someone who was kicked off the boards, but the apology proves she is not. I am no genius, I just like to base arguments more on facts than emotion. I save up my emotional units for more important issues than political discussions. Maybe partypup should run for office. She has a good head on her shoulders, understands the importance of truth and knows how to use the media. What about it pup, are you ready to start a third party?

Submitted by patientrenter on July 1, 2009 - 4:42pm.

I don't think Obama is a fraud or a crook. I do think he is accomplished. He's to the left of the average American. He is to the right of the average European.

I am not in love with any common political ideology marketed in the US today, but libertarianism is my favorite. Obama is far from a libertarian, but I'd prefer to have our top political leader be accomplished and somewhere between the average American and the average European in political ideology than incompetent and with political leanings exactly like mine.

My first choice is someone who is accomplished and who has political leanings like mine. But I wasn't given that choice.

Submitted by Veritas on July 1, 2009 - 5:50pm.

My first choice is honesty and intelligence. Both trump accomplishment, especially when so much is rigged now a days. I do not think the kind of candidates I like have been around for two+ hundred years. People like Adams, Jefferson, Lincoln and even Chet Arthur: "No man ever entered the Presidency so profoundly and widely distrusted, and no one ever retired… more generally respected." Author Mark Twain, deeply cynical about politicians, conceded, "It would be hard indeed to better President Arthur's administration."

Submitted by patientrenter on July 1, 2009 - 6:43pm.

Veritas wrote:
My first choice is honesty and intelligence. Both trump accomplishment....

To each his own. I'd vote for Nixon over Carter. Carter would make a much better friend and colleague and trustee of my estate, and someone to like and trust etc. For me that's all important but second fiddle to the main needs of the top job.

Submitted by Zeitgeist on July 1, 2009 - 8:46pm.

That's a good one. I did vote for Nixon, but I think that was another life ago. As for someone to share a beer with, that would have to be Bill Clinton. You know he would be entertaining.

Submitted by sdgrrl on July 1, 2009 - 10:26pm.

I don't think I'm in the fringe. Truly, I was irritated in November when Obama was criticized before he was even sworn in; my defenses are definitely up. I'm not surprised with all the criticisms as he becomes more...i don't know brazen (socialist) in his policies.

What should we have done when our economy fell apart? Should we have done absolutely nothing and taken a true libertarian stance and let the markets correct themselves eventually? I honestly don't know.

We can look back at the Great Depression and see what happened with no government intervention and then see how the government began rolling with government intervention. There are those that believe FDR's New Deal did not help the economy and that government spending cannot solve the problem. Wasn't WWII a huge economic boom because of all the government spending? Can people argue that the GI Bill did nothing to boost the economy, or that it has had lasting negative ramifications?

I don't think it should be one way all the way, but a little of both.

Its strange that both Peter Schiff and Paul Krugman were dead right about everything happening as it did. Now however the two minds split in opinions of what should be done and what is our future.

Krugman has said the bailout should have been bigger, but we are slowly on our way out. Schiff believes we headed for an even greater economic failure with all the government spending.

It will be interesting to see how it all plays out and who will be right.

I also passionately believe in medical for all. Fortunately I have insurance, but I didn't always and I worked my ass off to get it. I really don't think having adequate care should be a status symbol or a privilege for some. I know this is my liberal side, but I believe that when people are sick they shouldn't have to go without care and suffer, bankrupt their lives, or that children should suffer because they have inadequate or unemployed parents. Or that the human body is a financial commodity where it can be destroyed because of a profit loss.

My father had me at 51 and served in both WWII and the Korean War. Thank God for the VA because when he became gravely ill when I was in my early twenties, without it I don't know I would have done. The VA is government help and the care, respect and security they gave my father and me as a sole caregiver...is...there are no words to describe it.

America is the only first world country without socialized medicine. It would make me even prouder to know that America takes care of its own.

I understand though...and truly this is me being completely honest...how I would feel if suddenly even more illegal immigrants began swarming over our borders to get the care they could never get at home. This is something other countries with socialized medicine I believe don't have to deal with. England, France, Canada...Sweden;) Don't have a third world country literally steps away with people so desperate to leave their homelands that hundreds if not thousands lose their lives every year trying to leave it.

The debate will continue and it will be interesting to see where we end up.

Submitted by Zeitgeist on July 1, 2009 - 10:45pm.

Your father earned his medical care through his service and you also worked for yours. The question you raise about our borders being swarmed with illegals coming here for free care is a significant one. Where do we draw the line? Somewhere between compassion and the realization that providing care for all immigrants regardless of their legal status will eventually bankrupt this country. You would not get free care in Mexico. Thank your father for his service. There are not too many WWII veterans left. I am sure you are very proud of him.

Submitted by patientrenter on July 1, 2009 - 11:04pm.

sdgrrl, it's great to see such thoughtful comments not stuck in one political tribal loyalty or another. Thanks to you for that and to your Dad for his service.

Submitted by sdgrrl on July 2, 2009 - 12:35am.

My father passed away 7 years ago, but I thank you for your kind words. I am proud of him and there are not too many people my age that had a parent who lived through The Great Depression, literally traveling the Mother Road as the child of sharecroppers in a Model T. My father was always very honest that he didn't join the Navy out of a profound patriotic duty. He joined it to eat, have clean clothes, a pair of shoes and have security mixed with youthful excitement.

My father was a staunch Texas Conservative for most of his life, but towards the end he softened as he realized that you can work and plan and work and plan, but things don't always turn out as you had hoped and that social programs are not too bad when its your turn who needs them.