Obama Has Delivered On His Promise!

[Immanuel]

You must have been fucking born yesterday. The economy went into free fall during the election. Remember McCain talking about suspending his campaign to help fix the problem? Of course the economy was going into the shitter. Who came up with TARP? Why was that necessary?
Obama inherited a recovery and made it worse.

Obama inherited a recovery? You can't be that fucking stupid (actually, you might be...)

The economy lost 700,000 jobs and an annualized 7% of GDP the month before he took office.

Most of the job losses were a result of changes that were anticipated from the new administration. This happens with just about every new President.

The same thing happened with Bush and Reagan. Companies start laying people off because they want to make sure their bottom-lines won't cause them to go into bankruptcy. The fear is usually taxes.

With this administration there were real fears that taxes were going to go up dramatically. After he admitted he was going to spread the wealth it almost caused a near panic. Now the fears have partially subsided because Obama doesn't have a full Democrat congress with a filibuster proof majority anymore.

We have the potential of recovery as long as Obama doesn't do something stupid.

Now we've gotten wind of a planned collapse of the economy similar to the one that was sprung in Sept of 08. If it happens Obama's chances of re-election will evaporate.

That was because he promised not to raise taxes on families making less the $250k. We all saw where that campaign promise was headed.

Immie

 

[Toro]

Most of the job losses were a result of changes that were anticipated from the new administration. This happens with just about every new President.

The same thing happened with Bush and Reagan. Companies start laying people off because they want to make sure their bottom-lines won't cause them to go into bankruptcy. The fear is usually taxes.

Sorry Mud, that's incorrect.

It's fair to say that the recovery has been hampered by the taxes and healthcare issues as companies delayed re-hiring, but companies were not laying off people in anticipation of the election. I was listening to numerous companies on their quarterly earnings, and they were NOT saying that the election was causing them to fire people. They did say in 2009, however, that the new policies were causing them to delay hiring people.

The recession was caused by the collapse of the housing market and implosion of the credit markets, full stop. Nothing else.

 

[mudwhistle]

Obama inherited a recovery? You can't be that fucking stupid (actually, you might be...)

The economy lost 700,000 jobs and an annualized 7% of GDP the month before he took office.

Most of the job losses were a result of changes that were anticipated from the new administration. This happens with just about every new President.

Huh? The economy had been shedding jobs for a year. The trajectory of job losses turned around within two months of Obama taking office.

It usually takes 8 months for presidential policy to have effect. You must think that Obama miracled the change in trajectory.

BTW, the unemployment rate in 08 was 5.8%, jumped to 6.1% in October when it looked like Obama would win, then jumped to 7.2 in December. Then it rose to 7.6% in Jan. and 8.1% in Feb.

So in 4 months after it seemed that Obama looked like he was going to be our president the unemployment rate went up a full 2% and eventually went up another 2% after he was elected. The following months it nearly hit 10% but they had to change the way the rate was counted to keep it from going over 10. Many economists say it's actually over 16% but many of workers have stopped looking for over a month.

 

[The Rabbi]

You must have been fucking born yesterday. The economy went into free fall during the election. Remember McCain talking about suspending his campaign to help fix the problem? Of course the economy was going into the shitter. Who came up with TARP? Why was that necessary?
Obama inherited a recovery and made it worse.

"Recovery?" What recovery?

rofl

It was in a freefall before the election.

It's RabbiWorld!

You must have let RDean take over your account. You were never this stupid before.
Recession over, but recovery not felt - Washington Times

The research group determined that while the plunge in overall economic output of 4.1 percent ended in June 2009, when the recovery began, the recovery in jobs and incomes started later — in December.

 

[Si modo]

He's finally gonna pay for my gas and mortgage?

[ame="http://www.youtube.com/watch?v=P36x8rTb3jI"]http://www.youtube.com/watch?v=P36x8rTb3jI[/ame]

 

[Toro]

You must have been fucking born yesterday. The economy went into free fall during the election. Remember McCain talking about suspending his campaign to help fix the problem? Of course the economy was going into the shitter. Who came up with TARP? Why was that necessary?
Obama inherited a recovery and made it worse.

"Recovery?" What recovery?

rofl

It was in a freefall before the election.

It's RabbiWorld!

You must have let RDean take over your account. You were never this stupid before.
Recession over, but recovery not felt - Washington Times

The research group determined that while the plunge in overall economic output of 4.1 percent ended in June 2009, when the recovery began, the recovery in jobs and incomes started later — in December.

In RabbiWorld, calendars are fungible, where you can just change the dates to suit whatever right-wing argument you are making. This allows one to suspend all pretense of objectivity and you can just make shit up.

Show me this "recovery" Obama inherited, Rabbi. The economy was contracting when he was sworn in.

 

[8537]

Most of the job losses were a result of changes that were anticipated from the new administration. This happens with just about every new President.

Huh? The economy had been shedding jobs for a year. The trajectory of job losses turned around within two months of Obama taking office.

It usually takes 8 months for presidential policy to have effect. You must think that Obama miracled the change in trajectory.

BTW, the unemployment rate in 08 was 5.8%

So, the job losses weren't a result of changes that were anticipated from the new administration then?

Thanks

 

[8537]

You must have been fucking born yesterday. The economy went into free fall during the election. Remember McCain talking about suspending his campaign to help fix the problem? Of course the economy was going into the shitter. Who came up with TARP? Why was that necessary?
Obama inherited a recovery and made it worse.

"Recovery?" What recovery?

rofl

It was in a freefall before the election.

It's RabbiWorld!

You must have let RDean take over your account. You were never this stupid before.
Recession over, but recovery not felt - Washington Times

The research group determined that while the plunge in overall economic output of 4.1 percent ended in June 2009, when the recovery began, the recovery in jobs and incomes started later — in December.

Yes, your link demonstrates that the technical recovery started in June 2009, and the jobs and income portion started in December of 2009.

So Obama inherited an economy on the decline, and the recovery started 6 to 12 months after he took office.

IOW, he didn't "inherit a recovery".

 

[RDD_1210]

He shouldn't bother running again, since he's black and we all know Black people can't be good leaders. Right Rabbi?

That's what happens when blacks run things.

Rabbis racist comments

A racist ****?

Go figure

I know plenty of racist jews. Rabbi is certainly one of them....if he is an actual Rabbi, which would be a real shame.

 

[RDD_1210]

He shouldn't bother running again, since he's black and we all know Black people can't be good leaders. Right Rabbi?

That's what happens when blacks run things.

Rabbis racist comments

Judging by the success of blacks in coaching and business and social change, we all should know that Blacks can be and are good leaders. It's not the color of the Big 0's skin, it's the content of his charachter.

Are you a racist who cannot separate a man's accomplishments from the skin color?

Are you asking me or Rabbi? I'm well aware that skin color has nothing to do with leadership ability. Rabbi doesn't agree however.

 

[RDD_1210]

Well, he's only half black. Therefore he should be only half incompetent..

Nice to see you've quit attempting to deny and deflect your racist views.

I dont have racist views.
Personally I think you are the racist since you bring it up in every thread.

So Blacks can be good leaders?

 

[mudwhistle]

Most of the job losses were a result of changes that were anticipated from the new administration. This happens with just about every new President.

The same thing happened with Bush and Reagan. Companies start laying people off because they want to make sure their bottom-lines won't cause them to go into bankruptcy. The fear is usually taxes.

Sorry Mud, that's incorrect.

It's fair to say that the recovery has been hampered by the taxes and healthcare issues as companies delayed re-hiring, but companies were not laying off people in anticipation of the election. I was listening to numerous companies on their quarterly earnings, and they were NOT saying that the election was causing them to fire people. They did say in 2009, however, that the new policies were causing them to delay hiring people.

The recession was caused by the collapse of the housing market and implosion of the credit markets, full stop. Nothing else.

That's the media version. There were several contributors.

All economies are local. What happened in one city was not exactly the same as another. There were several reasons, but the possibility of an anti-business Socialist/Marxist at the helm did not inspire confidence in anyone.

Every time Obama gave a speech he spooked businesses into not hiring. Perhaps waiting just a few months longer to hire. The fact that banks weren't lending lent to this situation as well. Then when consumers got the idea that they needed to cut back they stopped consuming at normal rates and it caused a chain-reaction. Soon banks and businesses were closing their doors. The result is layoffs.

 

[mudwhistle]

Huh? The economy had been shedding jobs for a year. The trajectory of job losses turned around within two months of Obama taking office.

It usually takes 8 months for presidential policy to have effect. You must think that Obama miracled the change in trajectory.

BTW, the unemployment rate in 08 was 5.8%

So, the job losses weren't a result of changes that were anticipated from the new administration then?

Thanks

You implied that he reversed the trend with his policies. I said it was impossible. His policies would have no effect on the economy till the end of the year at the earliest. However the anticipation of a socialist/Marxist in the Oval Office was enough to scare just about any business owner. Fear of the unknown can exert downward pressure on the markets and on businesses. Fact is job losses only eased slightly after he became president. Not enough to crow about. It peaked at around 700,000 and went down to half million. Boy, I remember when they were high-fiving when it dropped below 500,000 lost jobs.

 

[RDD_1210]

Why does anyone bother trying to have a rational discussion with Rabbi? More then anyone else on this site he has proven he is a pathological liar and racist. You can't reason with the unreasonable.

 

[mudwhistle]

Nice to see you've quit attempting to deny and deflect your racist views.

I dont have racist views.
Personally I think you are the racist since you bring it up in every thread.

So Blacks can be good leaders?

Sure, just look at Nelson Mandella.


Now STFU Asshole.

 

[RDD_1210]

It usually takes 8 months for presidential policy to have effect. You must think that Obama miracled the change in trajectory.

BTW, the unemployment rate in 08 was 5.8%

So, the job losses weren't a result of changes that were anticipated from the new administration then?

Thanks

You claim that he reversed the trend with his policies. I said it was impossible. His policies would have no effect on the economy till the end of the year at the earliest. However the anticipation of a socialist/Marxist in the Oval Office was enough to scare just about any business owner. Fear of the unknown can exert downward pressure on the markets and on businesses.

You really sound like you know what you're talking about. Where did you get your business degree from again?

 

[RDD_1210]

I dont have racist views.
Personally I think you are the racist since you bring it up in every thread.

So Blacks can be good leaders?

Sure, just look at Nelson Mandella.


Now STFU Asshole.

I was talking to Racist Rabbi, not you. Be upset with him for being racist, not me.

 

[mudwhistle]

So, the job losses weren't a result of changes that were anticipated from the new administration then?

Thanks

You claim that he reversed the trend with his policies. I said it was impossible. His policies would have no effect on the economy till the end of the year at the earliest. However the anticipation of a socialist/Marxist in the Oval Office was enough to scare just about any business owner. Fear of the unknown can exert downward pressure on the markets and on businesses.

You really sound like you know what you're talking about. Where did you get your business degree from again?

It's called the School of Hard knocks. I've been a business owner for about 15 years.

 

[Toro]

Most of the job losses were a result of changes that were anticipated from the new administration. This happens with just about every new President.

The same thing happened with Bush and Reagan. Companies start laying people off because they want to make sure their bottom-lines won't cause them to go into bankruptcy. The fear is usually taxes.

Sorry Mud, that's incorrect.

It's fair to say that the recovery has been hampered by the taxes and healthcare issues as companies delayed re-hiring, but companies were not laying off people in anticipation of the election. I was listening to numerous companies on their quarterly earnings, and they were NOT saying that the election was causing them to fire people. They did say in 2009, however, that the new policies were causing them to delay hiring people.

The recession was caused by the collapse of the housing market and implosion of the credit markets, full stop. Nothing else.

That's the media version. There were several contributors.

All economies are local. What happened in one city was not exactly the same as another. There were several reasons, but the possibility of an anti-business Socialist/Marxist at the helm did not inspire confidence in anyone.

Every time Obama gave a speech he spooked businesses into not hiring. Perhaps waiting just a few months longer to hire. The fact that banks weren't lending lent to this situation as well. Then when consumers got the idea that they needed to cut back they stopped consuming at normal rates and it caused a chain-reaction. Soon banks and businesses were closing their doors. The result is layoffs.

Mud

It's not the media's version. There was no media. It is what the companies were saying - the CEOs, the CFOs, the COOs - on their quarterly conference calls.

 

[mudwhistle]

Sorry Mud, that's incorrect.

It's fair to say that the recovery has been hampered by the taxes and healthcare issues as companies delayed re-hiring, but companies were not laying off people in anticipation of the election. I was listening to numerous companies on their quarterly earnings, and they were NOT saying that the election was causing them to fire people. They did say in 2009, however, that the new policies were causing them to delay hiring people.

The recession was caused by the collapse of the housing market and implosion of the credit markets, full stop. Nothing else.

That's the media version. There were several contributors.

All economies are local. What happened in one city was not exactly the same as another. There were several reasons, but the possibility of an anti-business Socialist/Marxist at the helm did not inspire confidence in anyone.

Every time Obama gave a speech he spooked businesses into not hiring. Perhaps waiting just a few months longer to hire. The fact that banks weren't lending lent to this situation as well. Then when consumers got the idea that they needed to cut back they stopped consuming at normal rates and it caused a chain-reaction. Soon banks and businesses were closing their doors. The result is layoffs.

Mud

It's not the media's version. There was no media. It is what the companies were saying - the CEOs, the CFOs, the COOs - on their quarterly conference calls.

Quarterly conference calls. lol

I suppose every business in America is tied into the same network.

No, I think you're over-simplifying the total job market.

I and many small business owners couldn't afford to pay our help so we had to lay them off. Many had to change from employers to simply being self-employed. It all depended on our local economies.

Banks going under made it next to impossible to borrow and expand so jobs were lost. Fear of higher taxes and more government regulations cost even more job losses. Talk in the media and from Democrats like Obama of this being the Worst Economy Since The Great Depression curbed consumption thus cut into profits....more jobs were lost.

Most of the jobs that Obama claimed he created or saved were public-sector union jobs. The private sector took the biggest hit

.