The Obama economy

[Freeper]

KennedyBrothers (43 posts)

The Obama economy


 
What do you think of the job President Obama is doing as it relates to the economy?

The American Pundit, a political writing contest sponsored by San Francisco-based Allvoices.com, gives you a chance to win $250 by sharing your thoughts.

Details here: http://www.allvoices.com/contributed-news/15107551-american-pundit-writing-assignment-aug-115-the-obama-economy

When Barack Obama was elected president in 2008, it was due in large part to the fact that the US economy collapsed under his predecessor, George W. Bush.

Nearly five years later, mixed economic signals make it hard to say how well Obama has governed from an economic perspective, but two polls released in late July both found 45 percent of Americans approve of the job Obama is doing on economic issues. In an NBC News/Wall Street Journal poll, 51 percent disapproved, while an ABC News/Washington Post poll found that 49 percent disapproved.

Obama shifted public focus back to the economy with a July 24 speech in Galesburg, Ill., saying Washington has “taken its eye off the ball” on economic issues and blaming partisan squabbling for the lack of progress.

“…America has to make the investments necessary to promote long-term growth and shared prosperity,” Obama said, a stark contrast to Republican leaders who advocate steps such as giving more tax cuts to the wealthy, cutting food stamp benefits for the poor and a repeal or delay of the Patient Protection and Affordable Care Act, aka Obamacare, as ways to revive the economy.

The Aug. 1-15 segment of The American Pundit asks writers to assess Obama’s economic performance, taking into account as much personal experience as they deem relevant, and offer suggestions on what should be done next:

Is the Obama economy getting better, worse or just treading water? Are you better or worse off than you were when Barack Obama became president? What can be done to ensure improvements come sooner rather than later?

Details here: http://www.allvoices.com/contributed-news/15107551-american-pundit-writing-assignment-aug-115-the-obama-economy

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http://www.democraticunderground.com/1251318436

The OP really doesn't matter much it's the replies that caught my eye.

AnotherMcIntosh (9,361 posts)
1. If it was getting better, it is unlikely that he would have offered to cut SS with a chained-CPI.

That is, if it was getting better for average Americans rather than the rich and international super-rich.

Star Member Skittles (88,603 posts)
2. he has done far better than any repuke would have done

but not nearly as much as a real progressive could have done

 

Star Member frazzled (9,563 posts)
4. There really is no such thing as an "Obama economy"

After managing to eke through a modest, much needed stimulus package at the opening of his first term, every major effort he has made to get Congress to make further improvements--the American Jobs Act, various infrastructure and research initiatives, recent (last week) repetitions of spending programs he feels are needed to boost the economy both now and for the long term--have been obstructed or voted down by a large segment of Congress that is intent on preventing him from acting, and from helping the country.

He has managed to do things through the Executive Branch that are within the scope of his powers, but they are not the kinds of things that produce a major impact. Still, the stimulus, various things snuck into the budget that managed to stay, and executive actions have made this economy much better than it would have been absent these efforts.

But it cannot be said to be an Obama economy. It's not the economy or the policies he's advocated and wanted. It's the Obama-Republican Obstruction economy. Let's call it ORO.

 

Now for the reason I brought this crap over here,

Star Member Liberal_Stalwart71 (14,894 posts)
5. Thank you so very much. I don't understand why even DUers don't get this. We are more well informed

than the average American who's not paying attention. They want more progressive policies, but Republicans are obstructing everything. None of them can explain to me how we get more progressive policies.

 

You idiots are not informed. Parroting MSNBC talking points does not make one informed.

[obumazombie]

By "well informed" libs mean ignorant of even basic economics.

[I_B_Perky]

Star Member frazzled (9,563 posts)
4. There really is no such thing as an "Obama economy"

After managing to eke through a modest, much needed stimulus package at the opening of his first term, every major effort he has made to get Congress to make further improvements--the American Jobs Act, various infrastructure and research initiatives, recent (last week) repetitions of spending programs he feels are needed to boost the economy both now and for the long term--have been obstructed or voted down by a large segment of Congress that is intent on preventing him from acting, and from helping the country.

He has managed to do things through the Executive Branch that are within the scope of his powers, but they are not the kinds of things that produce a major impact. Still, the stimulus, various things snuck into the budget that managed to stay, and executive actions have made this economy much better than it would have been absent these efforts.

The hell he hasn't dummy. His exec orders are the main reason the economy sucks. I know it and you know it dummie.

[98ZJUSMC]

Still, the stimulus, various things snuck into the budget that managed to stay, and executive actions have made this economy much better than it would have been absent these efforts.

So that's why the government has to outright lie about the unemployment numbers, drop people like they don't even exist and refuse to count the two most purchased commodities, food and energy, from inflation figures?

Uh huh....

Star Member Skittles (88,603 posts)
2. he has done far better than any repuke would have done

but not nearly as much as a real progressive could have done

Now that's, the kind of comedy we have come to expect from the cesspool.

[sybilll]

The Obama campaign speeches make me crazy. He keeps blaming "Washington" for being out of touch, and not allowing him to rule unfettered.  He IS Washington, FFS.   

[miskie]

The Obama campaign speeches make me crazy. He keeps blaming "Washington" for being out of touch, and not allowing him to rule unfettered.  He IS Washington, FFS.   

He is - but he expects to be made king. THEN he will be able to do something.

And when that fails, he'll place the blame on problems he inherited from the last monarch.

[Big Dog]

tar Member frazzled (9,563 posts)
4. There really is no such thing as an "Obama economy"

blah blah blah

He has managed to do things through the Executive Branch that are within the scope of his powers, but they are not the kinds of things that produce a major impact.

Some one on the RMS Titanic may have said the same thing.

"Captain, there's an iceberg dead ahead, but it's not the kind of thing that will produce a major impact."

The iceberg is right in front of us, and it's called Obamacare, DUmmies.

[obumazombie]

The owebuma administration keeps funding the black hole of green jobs like it will be the savior to our economy. That idea is even more wrongheaded than thinking owebuma was the savior to our country.

[jukin]

9.5 million fewer people are working now than when King Barky the First was immaculated.

Average household wealth is down 55%.

Average worker has lost 8% in NON inflation adjusted wages (Estimate of 24% in inflation adjusted.)

The federal government has racked up $7,000 billion more in debt.

Food stamp participants have almost tripled.

Record number of people on SSDI.

Losing 100,000-200,000 FULL TIME jobs every month.

Health insurance premiums up 80-150%.

As all socialist/fascist/communist/progressivist economic plans turn out, only the elite connected and government workers prosper. All others are equally miserable and that is called "fair."

[Dori]

9.5 million fewer people are working now than when King Barky the First was immaculated.

Average household wealth is done 55%.

Average worker has lost 8% in NON inflation adjusted wages (Estimate of 24% in inflation adjusted.)

The federal government has racked up $7,000 billion more in debt.

Food stamp participants have almost tripled.

Record number of people on SSDI.

Losing 100,000-200,000 FULL TIME jobs every month.

Health insurance premiums up 80-150%.

As all socialist/fascist/communist/progressivist economic plans turn out, only the elite connected and government workers prosper. All others are equally miserable and that is called "fair."

[DumbAss Tanker]

The owebuma administration keeps funding the black hole of green jobs like it will be the savior to our economy. That idea is even more wrongheaded than thinking owebuma was the savior to our country.

'Green jobs' is like requiring a brakeman for every four cars in a freight train.  It will produce a lot of jobs (At least until the economy adapts to a less-costly solution than doing the same thing as before but with a lot more overhead by finding a work-around), it makes everything more expensive and difficult, it doesn't do shit for efficiency, and it nets out as economic loss.

[jukin]

'Green jobs' is like requiring a brakeman for every four cars in a freight train.  It will produce a lot of jobs (At least until the economy adapts to a less-costly solution than doing the same thing as before but with a lot more overhead by finding a work-around), it makes everything more expensive and difficult, it doesn't do shit for efficiency, and it nets out as economic loss.

look at what Spain has become 25% UNEMPLOYMENT! How did they get there? A lot of has to do with green energy. In 2007 There was a study done in Spain that found for each green job created 2.2 real jobs were lost. Seeing this wonderful track record King Barky the First went all in on green energy. The economic illiterate picked only companies that lost tens of billions. I defy any DUchebag to name one successful green energy company that 0bama backed that is still in business, not even profitable. GM and the Volt does not count because the economic genius is still down $15 billion of our tax dollars down on that fiasco.