Suddenly, everyone is writing what we have been writing since April 2007.
Perhaps it is the simple fact, that Obama is doing everything but addressing the central issue: It’s the economy stupid!. And we do mean “stupid”.
Perhaps it is the simple fact that, instead of dealing with the economy, instead of appointments to the various departments and agencies, instead of accurate and realistic assessments of the economy, instead of accurate and realistic numbers to write up an actual budget, instead of the change that Hillary Clinton would have assured – Obama is taking a trip, a European Vacation, to yet again distract Americans from the fact that Obama does not know what he is doing because he is inexperienced and unqualified.
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Even the Obama Hu Akbar corner, nodding off from the fierce effects of Hopium, are aware that the sound they hear is not celestial choirs – the sound is boos, loud boos. Mullah Bob Herbert of the High Church of Obama is yelling back at the boos:
Barack Obama has only been president for six weeks, but there is a surprising amount of ire, anger, even outrage that he hasn’t yet solved the problems of the U.S. economy, that he hasn’t saved us from the increasingly tragic devastation wrought by the clownish ideas of right-wing conservatives and the many long years of radical Republican misrule.
This intense, impatient, often self-righteous, frequently wrongheaded and at times willfully destructive criticism has come in waves, and not just from the right. Mr. Obama is as legitimate a target for criticism as any president. But there is a weird hysterical quality to some of the recent attacks that suggests an underlying fear or barely suppressed rage. It’s a quality that seems not just unhelpful but unhealthy.
What Mullah Herbert does not understand, he is too busy playing the blame game, is that Americans are quite aware that Obama is building doll houses for his daughters on the White House lawn (presumably with TelePrompters installed), devouring $100 steaks, partying like its 1999, traveling hither and yon, including weekends relaxing at Camp David – instead of producing a credible economic plan that creates/saves the financial system – instead of producing a budget that is not a Hopium soaked document. Did we mention Obama is going to Europe this month?
Mullah Herbert should stop drinking the Hopium laced booze and start figuring out the significance of the boos.
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Obama promised to stop the blame game but Obama is busy blaming George W. Bush. Americans are not fooled. Obama is now at the desk with the sign “The Buck Stops Here”. Of course it is very possible that Obama removed that sign along with the bust of Winston Churchill as part of his “change”. Obama is not the change Americans want or need:
President Barack Obama offered his domestic-policy proposals as a “break from a troubled past.” But the economic outlook now is more troubled than it was even in January, despite Obama’s bold rhetoric and commitment of more trillions of dollars.
And while his personal popularity remains high, some economists and lawmakers are beginning to question whether Obama’s agenda of increased government activism is helping, or hurting, by sowing uncertainty among businesses, investors and consumers that could prolong the recession.
Coming from a Big Media outlet this is strong stuff. Obama “could prolong the recession”, Oh my!.
It gets worse for the Hopium addled addicts. This Big Media outlet is talking blame game and gasp! An Obama Economy!
Although the administration likes to say it “inherited” the recession and trillion-dollar deficits, the economic wreckage has worsened on Obama’s still-young watch.
Every day, the economy is becoming more and more an Obama economy.
Perhaps this Big Media article is a birthday gift to our Freckles commentator or perhaps the Obama wreakage can no longer be denied:
More than 4 million jobs have been lost since the recession began in December 2007 — roughly half in the past three months.
Stocks have tumbled to levels not seen since 1997. They are down more than 50 percent from their 2007 highs and 20 percent since Obama’s inauguration.
This Big Media outlet begins to poach on our territory by, shades of George W. Bush, mocking Obama’s “buy, buy” advice:
The president’s suggestion that it was a good time for investors with “a long-term perspective” to buy stocks may have been intended to help lift battered markets. But a big sell-off followed.
Presidents usually don’t talk about the stock market. But the dynamics are different now.
A higher percentage of people have more direct exposure to stocks — including through 401(k) and other retirement plans — than ever.
So a tumbling stock market is adding to the national angst as households see the value of their investments and homes plunge as job losses keep rising.
Some once mighty companies such as General Motors and Citigroup are little more than penny stocks.
All this bad news but Obama is too imperious to care about the markets. Obama does not worry about such things. Obama can always depend on another Antoin “Tony” Rezko to raise his standard of living. Obama is too busy planning his European Vacation to bother with the financial markets – they do not sell arugula.
As to all those great schemes and dreams we Democrats have wished for these many years? Before we go forward with them we had better know what effects they will have on the fragile economy. You don’t move a patient in “critical condition” from location to location without carefully taking stock of the consequences. Likewise, you don’t push a fragile economy without assessing the possible negative repercussions.
Many health care stocks are down because of fears of new government restrictions and mandates as part a health care overhaul. Private student loan providers were pounded because of the increased government lending role proposed by Obama. Industries that use oil and other carbon-based fuels are being shunned, apparently in part because of Obama’s proposal for fees on greenhouse-gas polluters.
Makers of heavy road-building and other construction equipment have taken a hit, partly because of expectations of fewer public works jobs here and globally than first anticipated.
“We’ve got a lot of scared investors and business people. I think the uncertainty is a real killer here,” said Chris Edwards, director of fiscal policy for the libertarian Cato Institute.
This Big Media article then goes on to pummel Timothy Geithner. We opposed Timothy Geithner as Treasury Secretary because the tax cheat, we felt, had lost the moral authority to head the Internal Revenue Service at the very least. We also did not believe his tax problems were not purposeful tax cheating. However, Secretary Geithner is not the problem. The problem is inexperienced and unqualified Barack Obama – the distractor-in-chief.
Obama simply does not know what he is doing. PINO Big Blogs who cheered his nonsense during the primaries on such issues such as lobbyists, health care, and taxes, now cheer Obama’s foolish “budget overview”. But Obama simply does not know what he is doing and even top Democrats are yelling our word “stink” regarding Obama’s foolishness:
Republicans and even some top Democrats, including Rep. Charles Rangel, D-N.Y., chairman of the House Ways and Means Committee, have questioned the wisdom of Obama’s proposal to limit tax deductions for higher-income people on mortgage interest and charitable contributions.
Charities have strongly protested, saying times already are tough enough for them. The administration suggests it might back off that one.
Even White House claims that its policies will “create” or “save” 3.5 million jobs have been questioned by Democratic supporters.
“You created a situation where you cannot be wrong,” the chairman of the Senate Finance Committee, Montana Democrat Max Baucus, told Geithner last week.
“If the economy loses 2 million jobs over the next few years, you can say yes, but it would’ve lost 5.5 million jobs. If we create a million jobs, you can say, well, it would have lost 2.5 million jobs,” Baucus said. “You’ve given yourself complete leverage where you cannot be wrong, because you can take any scenario and make yourself look correct.”
Republicans assert that Obama’s proposals, including the “cap and trade” fees on polluters to combat global warming, would raise taxes during a recession that could touch everyone. “Herbert Hoover tried it, and we all know where that led,” says House Republican leader John Boehner of Ohio.
The lusty big cheers from PINO Big Blogs for the stinky Obama “budget overview” will not hide the stench we denounced in our very first “budget overview” analysis; at a time everyone else was cheering the “boldness” and “honesty” of that Hopium drenched document of lies:
The administration argues its tax increases for the households earning over $250,000 a year and fees on carbon polluters contained in its budget won’t kick in until 2011-2012, when it forecasts the economy will have fully recovered.
But even those assumptions are challenged as too rosy by many private forecasters and some Democratic lawmakers.
Many deficit hawks also worry that the trillions of federal dollars being doled out by the administration, Congress and the Federal Reserve could sow the seeds of inflation down the road, whether the measures succeed in taming the recession or not. The money includes Obama’s $3.6 trillion budget and the $837 billion stimulus package he signed last month.
And that is the central point understood by anyone who has any education in economics – dumping trillions of dollars into the economy will guarantee an ugly massive inflation that will evenually rise to become Hyperinflation. Perhaps the brains in the Obama government don’t understand, we are sure boob Obama doesn’t understand, that hyper-inflation can be a nation killer.
In summary Obama has made the George W. Obama economy worse and it is now the Obama Economy:
Allan Sinai, chief global economist for Decision Economics, a Boston-area consulting firm, said the complexity and enormity of the crisis make it hard to solve.
“There’s no way to get it all right, regardless of which president is making policy,” Sinai said. “The problem is the sickness got too far. The actions taken, medicine applied, were mainly the wrong actions. So it’s just worse, and it gets harder to deal with. At this stage, there is no easy answer, no easy way out. It’s a question of how we fumble through.”
Even the Washington Post, the capital cathedral of the High Church of Obama is echoing our own “Obama is the Third Bush Term“:
Washington has spent the past couple of weeks debating whether Barack Obama’s ambitious agenda and political strategy are more comparable to those of Franklin Roosevelt or Ronald Reagan. Oddly, hardly anyone is talking about the ways in which Obama is beginning to resemble the man who just vacated the White House.
Welcome to reality Washington Post. Feel free to keep stealing our stuff:
Most Americans are eager to forget about George W. Bush. But just over seven years ago, Bush found himself in much the same position as the new president today — leading the country through what was universally considered a national emergency. In the weeks after Sept. 11, 2001, Bush’s approval rating soared above 80 percent at home. London, Berlin and even Moscow rallied behind him. A front-page analysis in The Post in late November said that “President Bush [has] a dominance over American government . . . rivaling even Franklin D. Roosevelt’s command.”
Then, according to today’s established wisdom, Bush squandered his chance to lead. Three cardinal errors are commonly cited: The president failed to ask a willing nation for sacrifice, instead inviting consumers to shop and heaping on more tax cuts. Rather than forge a bipartisan response to the crisis, he used it to ram through big, polarizing pieces of the Republican Party’s ideological agenda — from asserting presidential powers to breach treaties to eliminating protections for federal workers. Worst, he chose to launch a war of choice in Iraq, thereby shredding what remained of post-Sept. 11 national unity and diverting attention and resources from the fight against al-Qaeda in Afghanistan.
Didn’t we write that yesterday? Yes, it appears we did.
The Washington Post analysis is mostly hogwash but the central points of Obama bamboozling the country with sugarcoated “checks are on the way” talk, twisting “stimulus” into wish lists, using fear to further frighten and cow the nation, strawman lies about the objections of opponents, blame games, and Karl Rove style tactics are on target.
The Chicago Tribune which had to know how bad Chicago Obama was still endorsed him during the primaries and the general election. Now, now the Chicago Tribune is Feeling Chumped about the Obama Economy:
And now, as the bailouts escalate and the stock market staggers, some of them feel like chumps. They didn’t do any of those risky things that torpedoed the economy, but they’re still on the hook to pay for the rescue. They’ve lost, or could still lose, their jobs. Their retirement accounts are swooning.
Columnist Susan Estrich recently wrote that “the critical divide” in America isn’t between Democrats and Republicans, but “between those who are looking for or have received a government bailout and those who haven’t. And that divide is defined, at least in part, by those who played by the rules and those who didn’t. . . .”
Those who played by the rules. That seems like such a quaint and naive phrase, doesn’t it? It reeks of taking responsibility. Of exercising prudence and delaying gratification. Of skepticism about things that seem too good to be true.
Big Media is to blame for placing tool Obama in the White House. Now, as Big Media outlet after Big Media outlet is forced out of business Big Media begins to understand the consequences of inexperience.
Obama was and is unqualified and inexperienced.
Just because an actor plays the captain of the HMS Pinafore on stage does not mean he is ready to command a real ocean liner.
Big Media, newspapers like the Chicago Tribune, still do not take responsibility for their unfair and shortsighted trashing of Hillary Clinton during the primaries. Big Media did not exercise prudence and delayed gratification then. Big Media did not express “skepticism about things that seem too good to be true” during the primaries nor during the general election.
The sinking Obama Economy is taking Big Media down. The sinking Obama Economy will hurt many Americans. Real Americans will suffer because of Big Media outlets installing their tool Barack Obama in the White House. Real Americans will survive.
Let us hope that Big Media does not survive the Obama Economy. We know Obama won’t survive the Obama Economy.