Has Obama Failed as Our President

[Oldstyle]

The biggest downsizing of state and local government in modern history has proved to be a big drag on the U.S. economy since 2009 and a primary reason the four-year-long recovery is more sluggish than other recoveries since World War II, economists say.

While the private sector has generated 7.4 million jobs since the recession and is approaching its pre-recession levels of overall employment, government at the federal, state and local levels continues to shed jobs, diminishing the performance of the job market. Overall, federal, state and local governments have eliminated more than 750,000 jobs since the recession ended in June 2009, with no end in sight to the trend, according to figures from the Bureau of Labor Statistics.


Read more: Government job cuts create a historically slow recession recovery - Washington Times
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The fact that liberals are surprised that State and local governments were forced to lay off workers when the Obama Stimulus money ran out simply shows how clueless you all were to how economics works in the first place. We should have been pumping money into the private sector instead of the public sector because it's the private sector that creates the revenues to support the public sector. Now you'd like to think that someone as intelligent as this President was supposed to be would have learned from that mistake but you'd be wrong...he looked at what happened and called for more of the same! Another stimulus just like the first one. Stupid like that is hard to fathom.

Well the debate is over, no second round of stimulus spending. So we'll never know the results if we have. Just like we'll never know if JFK did get assassinated.

Second Stimulus Needed to Avoid Lost Decade: Krugman

However, the risk of a second round of the crisis in the medium run is high as a real revamp of the financial system has not happened, according to Krugman.

"At this point the prospects for major overhaul seem to be receding…because of the opposition in congress, because the industry - banks are profitable again, they want everybody to just go away," he said.

"The political will may not be there to do this. And that means that we may well be prepared for another round, another crisis some years down the pipe before we're actually prepared to change things," Krugman warned.

Krugman? You're quoting Krugman? He's one of the idiots that assured us the first stimulus would work....and then when it didn't...he immediately claimed that it only failed because it wasn't big enough. Paul Krugman has about as much credibility at this point as Larry Summers.

 

[Papageorgio]

"Right now I think the world as a whole kind of looks like Japan in the early 90s. Not a catastrophe, but we really don't know how we get serious growth going," he said. "Actually the slump globally has been much worse than anything Japan had during that lost decade."

That was in 2009 he said that.

Dude, how many stimulus packages did Japan have? They never worked.


Sent from my iPad using an Android.

 

[noman]

DEEDS NOT WORDS
Iraqi/Afghanstan Wars-he waited 2 years before pulling our troops out of a no-win no-win war in Iraqi to put them in again a no win no win war in afghanasthan

HE HAS contiuned CHENEY DEAD POLICY of trying to turn the MIDDLE EAST-afgahnastan into a belt of pro US Countires

DOES HE RALLY THANK SYRIA HAS DESTROYED THE MASS OF POISON WEOPONS AND THAT RUSSIA WILL BACK DOWN BECAUSE OF THE PTESENCE OF 600 US TROOPS?

I HAVE HEARD NO SOUND FROM OBAMA on AFFIRMATIVE ACTION SINCE THE RECENT SUPREME COURT DICISSION

BUT THE HEART BREAKER FOR ME IS HIS TREATMENT OF THE FAMILIES OF THE KOREA WAR MIAS {7,888} of WHICH 2/3 ARE STILL IN NORTH KOREA BECASUE THE US GOVT WOLL NOT NEGOIATE WITH NORTH KOREA TO SEND SEARCH PARTIES IN NK

SIMPLEY write US NORTH KOREA MIA SEARCHS 2012 and SEE ARTICLES FROM
CNN JANUARY 2012 {which clAIMED searchs were going on} and DOD MARCH 2012 {which suspended searchs} in ITERNET SEARCH ENGINE