Great Work on That Economy Obama


Via Moonbattery, from iOwntheWorld:

So I’ve been a little amused over the last couple days where people have been having these rallies about taxes. You would think they would be saying, “Thank you!” That’s what you’d think!

See also list of Obama ‘successes’ at here.


44 Responses to “Great Work on That Economy Obama”

  1. Robert Says:

    “Obama Sucks.” Why? And why should a Malaysian really care about the situations in the USA? Or are you just one of those whining right wing minorities out there that have nothing to contribute besides your poisonous opinion?

  2. Simon Thong Says:

    What happens in the USA has always affected the rest of the world, for better or worse, which is why we care.

  3. Robert Says:

    How about offering constructive solutions then rather than baseless negative criticism and childish name calling? The White House, Senate and House web sites offer email addresses to submit comments and ideas. Do you have any ideas or suggestions that would help the President of the USA govern more effectively? Share!

  4. blimey Says:

    “Do you have any ideas or suggestions that would help the President of the USA govern more effectively?”

    1.Your potus the totus, should take down his pants in front of CNN so it can be settled once and for all if he is a moslem.

    2.He should jump off the highest peak.

    3.You should take the drop with him.

  5. Robert Says:

    See! There’s a start. True, the suggestions are witless and moronic from a person who may or may not know what it’s like to be a citizen of the USA but that’s okay. It’s best they expose themselves for what they are to the world and get it off their [sunken?] chest rather than keeping it inside and killing their parents.

  6. blimey Says:

    I still got 2 arms…..unlike a certain one armed bandit [snigger, snigger]
    Chitlins at the Black House for morons these days eh what.

  7. blimey Says:

    I still got 2 arms…..unlike a certain one armed bandit [snigger, snigger]
    Chitlins at the Black House for moronic vets these days eh what.
    I guess the monkee could do with a vet.

  8. blimey Says:

    I still got 2 arms…..unlike a certain one armed bandit [snigger, snigger]
    Chitlins at the Black House for mor onic vets these days eh what.
    I guess the monkee could do with a vet.

  9. Ron Says:

    According to the BEA, real GDP is up 3%, personal spending is up 3.5%, exports are up 7%, imports are up 10%, profits are up, tax revenues are up, and the jobless rate decreased.

    But why should Scott burden himself with the onerous task of poring over such tedious facts and figures. A quick cut-and-paste off another blogsite which echoes his blissful ignorance is much more gratifying.

  10. blimey Says:

    I still got 2 arms…..unlike a certain one armed bandit …..Chitlins at the Black House for buff-oon vets these days eh what.
    I guess the monkee could do with a vet.

  11. blimey Says:

    The GDP Lie
    May 19, 2010
    By Dick McDonald, Founder Ownership Society Institute

    The majority of Americans are center-right politically. They are currently worried that government is out of control and the politicians are spending the country into bankruptcy. The country’s national debt reached 83% of our annual “gross domestic product” (GDP) at the first quarter 2010 reading and people are scared we are heading towards the type of insolvency being experienced by many “socialized” European countries. With the current administration’s spending spree even the media is dramatizing the fact that the government is “going bankrupt” –see below article. The actual facts are the 83% figure is a gross distortion of the country’s financial condition.

    In fact, many are laughing at this distortion because Democrats are being hoisted on their own petard. They are being forced up the political tree by Tea Partiers, Republicans and Independents and ironically by their own minions. Their spending has been so prolific that even the International Monetary Fund is warning that U.S. Debt is nearing 100 percent of GDP. That is a lie – a gross distortion of the facts.

    It is a lie because the $12.2 trillion national debt at March 31, 2010 is overstated by $5.3 trillion making the real national debt only$6.9 trillion or only 57% of GDP – hardly the concern being voiced. You see Democrats with the concurrence of Republican RINOs have stolen the $5.3 trillion from payroll tax and other receipts since 1983. They spent it on their own pet projects and then added the $5.3 trillion to the national debt through “Enron-type” fraudulent bookkeeping.

    You can better understand the fraud when you read in the article below that the national debt is comprised of two elements – “56% was held by the public….44% was intergovernmental.” As the government can’t owe itself money, the “intergovernmental” portion of the national debt or $5.3 trillion is a dead giveaway that Congress has pulled a fast one and inflated the national debt by the amount they were unauthorized to steal from the taxpayers. In other words they are asking the taxpayers to foot this bill twice – once when they withheld the payroll taxes from them and then again when the taxpayers have to pay off the national debt. “Double-dealing” at its finest – “only those who make the laws can break the law.” How comforting.

    The focus on the “National Debt” and its percentage relationship to GDP is great theater but in reality it is just a diversion from the real bankruptcy occurring in the government’s unfunded unsustainable entitlement debt figure. Congress has run up over $110 trillion of entitlement debt in the last 25 years. That amount is computed by subtracting from the future benefits to be paid out in entitlements – Social Security, Medicare, Disability, etc. – from the anticipated future tax receipts. The amount of unfunded debt for each American household is nearly $1 million a piece – a total economic catastrophe.

    Unfortunately the President has formed the “Debt Commission” to study and recommend tax increases and/or benefit cuts to pay down these unsustainable Congressional obligations. They are going recommend ways to “repair” these entitlement programs instead of what they should do – “replace” them with programs that work. Now if the creek don’t rise and we let capitalism solve the problem then that is “change Americans could believe in.”

  12. blimey Says:

    IMF Warns U.S. Debt Nears 100 Percent of GDP, Greece In Better Shape

    By Frank McGuire

    The United States’ national debt will soon reach 100 percent of gross domestic product, the International Monetary Fund predicts in a new report.

    The sharp rise in U.S. debt started in 2006 and by 2015, the IMF suggests, debt could reach more than 100 percent of GDP.

    At the end of first quarter of 2010, the gross debt was 87.3 percent of GDP, of which about 56 percent was held by the public, and about 44 percent was intragovernmental, U.S. officials have said.

    The IMF predicts that the U.S. would need to reduce its structural deficit by the equivalent of 12 percent of GDP, a much larger portion than any other country analyzed except Japan.

    Greece, in the midst of a financial crisis, needs to reduce its structural deficit by just 9 percent of GDP, according to the IMF’s analysis.

    The IMF also encouraged rich countries including the U.K. to eliminate value- added-tax loopholes to help cut their budget deficits, the Financial Times reported.

    The IMF said the United Kingdom could raise an amount equivalent to 3.3 percent of GDP, or a third of its estimated deficit, by removing exemptions and improving collection of the sales tax, according to Bloomberg. As the global economy recovers, governments’ fiscal balances are on average continuing to deteriorate, the IMF said.

    Meanwhile, the IMF also waded into the debate over healthcare reform, questioning the CBO’s analysis that healthcare reform would reduce the U.S. deficit, according to thehill.com.

    “There are some risks to the CBO estimates, however, including that the substantial decrease in Medicare payment rates to healthcare providers may prove difficult to implement,” the report reads.

    President Barack Obama has established a fiscal commission to make recommendations on addressing the nation’s fiscal woes.

  13. blimey Says:

    Have you ever wondered why the CPI, GDP and employment numbers run counter to your personal and business experiences? The problem lies in biased and often-manipulated government reporting.

    http://www.shadowstats.com/

  14. wits0 Says:

    M’sians seem to have noticed that the TOTUS cares less about Anwar Ibrahim’s Sodomy 2 than the previous POTUS did about Sodomy1. Many are wondering why.

  15. Simon Thong Says:

    It seems to me that Robert and Ron object to Scott and his blog, rather than to the comments about Obama, etc.

  16. Nasaei Ahmad Says:

    TsaiFull (full of sai) said it was against his will and consent. I think it is near impossible for someone / anyone to sodomise him, unless his hands is tied or handcuffed. Or… if he was threatened with a revolver at his forehead ! Raping or sodomy is not like poking on someone’s back or shoulder which takes less than 2 seconds. Not that easy ! He could be lied for $$$$$ !
    Great lie!

  17. hutchrun Says:

    “According to the BEA, real GDP is up 3%,….”

    Ahhhh ignorance is bliss for many.
    Why shouldn`t it be after all the dollar is so much stronger hahahaha it`s flying. [sarcasm intended].

  18. Simon Thong Says:

    Our american Robert may be upset coz he thinks we should mind our own business; and leave his great obama and great economy and great country alone. But then, why doesn’t robert leave the faith of christians and other religious believers alone? It should work both ways. The truth is, we are all interconnected. “When America sneezes, Europe catches a cold and Asia gets pneumonia.” The bankruptcy crisis in Greece affects us all..and it looks like the one developing in Spain will do so, too. No man is an island…

  19. Scott Thong Says:

    “Obama Sucks.” Why? And why should a Malaysian really care about the situations in the USA? Or are you just one of those whining right wing minorities out there that have nothing to contribute besides your poisonous opinion? – Robert

    I posted long ago Seven Reasons Why An Obama Presidency is Bad For Malaysia and the World. Here’s an update on that:

    1. America’s economy affects everyone else’s. The US is Malaysia’s top trading partner. Any downturn in America will automatically affect Malaysia’s ecnomy.

    2. Similarly for the stock market – share prices here dive when the Dow crashes.

    3. War on terror – kowtowing, withdrawal timetables, toothless threats, refusing to even name the enemy – all signify weakness and embolden our common enemy no matter where in the world they are.

    4. Climate change idiocy – if the US signs on and gets China and India suckered in, the rest of the world will follow. I’ll have to say hello to massive hikes in my electricity bill.

    Do you have any ideas or suggestions that would help the President of the USA govern more effectively? Share!

    The Repubs have been trying to do that for months. The WH response? Pretend no alternative exists even though its on the WH website.

    But sure, here are my suggestions to start with…

    1. Quit making promises he has no intention of keeping, intentionally misquoting opponents, attacking those who disagree with you, blaming Bush, and outright lying. Buck up and shoulder the responsibilities you seemed so keen to take on a year ago!
    2. Quit playing around with immigration, healthcare, carbon, golf, hoops, vacations, etc and focus on the economy and permanent jobs which is what most Americans prioritize.
    3. Quit spending and taxing – you’re way past the Laffer curve on this.
    4. Look strong and talk tough against outside enemies for once – instead of targeting talk show hosts, failed VP candidates and ordinary citizens.
    5. Kick out the radicals in your administration who think Tea Partiers, veterans and Arizonans are bigger threats than jihadists and don’t do their homework before mouthing off – but that would basically be everyone.

    You tell me, Robert, if any of those look to happen in the near future.

  20. hutchrun Says:

    Where Roubini is concerned, the great recession has some way to run.

    “The crisis is not over; we are just at the next stage. This is where we move from a private to a public debt problem,” he says, his speech the mongrel drawl of a man who was born in Turkey to Iranian parents, raised in Israel and Italy and lives in New York. “We socialised part of the private losses by bailing out financial institutions and providing fiscal stimulus to avoid the great recession from turning into a depression. But rising public debt is never a free lunch, eventually you have to pay for it.”

    http://www.telegraph.co.uk/finance/economics/7756684/Nouriel-Roubini-said-said-the-bubble-would-burst-and-it-did.-So-what-next.html

    Well, Robert und Ron will be happy enuf to be finally paying for those “free lunches”.

  21. Scott Thong Says:

    and the jobless rate decreased. – Ron

    Does that include the mutliple-times counted, temporary, work 1-hour Census jobs? How about the permanent lost manufacturing jobs?

  22. wits0 Says:

    Scott : “..why should a Malaysian really care about the situations in the USA?”

    Monkee is da reason why I get less interested in the US!

  23. Scott Thong Says:

    Funny, that’s exactly the thing that gets me more interested… Lots of mockery and schadenfreude to be had, and 3 more years of it to go!

    I’ll give your Obama with the same respect you gave Bush.

  24. wits0 Says:

    “I’ll give your Obama with the same respect you gave Bush.”

    Ditto here.

    They rant about the bush but bought a snake.

  25. burp Says:

    Hot from the oven………..

    “U.S. stock index futures pointed to a sharply lower open on Wall Street on Tuesday following a long holiday weekend, as mounting doubts over the pace of the global economic recovery hit stocks worldwide.”
    http://www.reuters.com/article/idAFLDE65008S20100601?rpc=44

    Die die die HAHAHAHAHA “According to the BEA, real GDP is up 3%,….”

  26. Simon Thong Says:

    The USA has its finger in almost all parts of the world. GI Joes go to war where they are sent. GI Robert went, too. I’m not complaining. More often than not, I thank God for American intervention. Now, a few malaysians and other thirdworlders have got their finger in America’s affairs, their only weapons words, and Robert is complaining.

  27. Robert Says:

    Well Simon, looks like we’re complaining about our complaints! Touche and well put.

  28. Scott Thong Says:

    I believe my mockery of Obama counts as a complaint, so three levels.

  29. Robert Says:

    True, I was pretty relentless in my critiques of the Bush Administration. Still am but I prefer to look to the future. Unfortunately, the mechanizations of D.C. politics could be down right daunting. It would be more encouraging if there were a greater cooperative effort. Seems like any side has its enemies so no matter which direction one may choose to govern they can count on opposition.

  30. Scott Thong Says:

    Unfortunately, the mechanizations of D.C. politics could be down right daunting. It would be more encouraging if there were a greater cooperative effort. Seems like any side has its enemies so no matter which direction one may choose to govern they can count on opposition. – Robert

    You would need a hard-leaning President and supermajorities of hard-leaning Congress and Senate. Moderate-leaning is not enough, as was seen several times with the recent Dem supermajority – even if every Repub voted no it wouldn’t be enough to stop the bills, but they were stopped anyway (for a time) due to opposition from several Dems as well.

  31. cerberus Says:

    stop helping the jobless and start inflicting pain.
    http://www.nytimes.com/2010/05/31/opinion/31krugman.html

  32. cerberus Says:

    Ron,

    This goes a bit of a way in explaining export growth…….

    The Journal of Commerce Industrial Price Commodity Smoothed Price Index that tracks the growth rate of steel, cattle hides, tallow and burlap plunged 57 percent in May, two years after a decline that foreshadowed the worst recession in half a century….
    http://www.businessweek.com/news/2010-06-01/commodities-biggest-drop-since-lehman-is-bear-signal-update4-.html

    When prices slump, it is usual that buyers will creep in, but that does not mean that the trend will continue.

  33. balma Says:

  34. eatcake Says:

  35. eatcake Says:

    Who is he bullying today?

  36. eatcake Says:

    A wave of census hiring lifted US payrolls by 431,000 in May, but job creation by private companies grew at the slowest pace since the start of the year. The unemployment rate dipped to 9.7 per cent as people gave up searching for work.
    http://www.btimes.com.my/Current_News/BTIMES/articles/agriba/Article/index_html

  37. yahoo Says:

    If you lose your job these days, it’s worth scrambling to find a new one — fast. After six months of unemployment, your chances of landing work dwindle.

    The proportion of people jobless for six months or more has accelerated in the past year and now makes up 46 percent of the unemployed. That’s the highest percentage on records dating to 1948. By late summer or early fall, they are expected to make up half of all jobless Americans.
    http://news.yahoo.com/s/ap/us_long_term_unemployed

  38. yawho Says:

    If you lose your job these days, it’s worth scrambling to find a new one — fast. After six months of unemployment, your chances of landing work dwindle.

    The proportion of people jobless for six months or more has accelerated in the past year and now makes up 46 percent of the unemployed. That’s the highest percentage on records dating to 1948. By late summer or early fall, they are expected to make up half of all jobless Americans.
    http://news.yahoo.com/s/ap/us_long_term_unemployed

  39. Robert Says:

    Why don’t you right wing faggots enlist in the Armed Forces like I did instead of whining and blaming your personal problems on the President? And for my Malaysian whiners….why don’t you f*cking blow me and stick your little yellow p*ckers in your own b*ng hole affairs, you slant eyed grease monkey’s?

  40. Scott Thong Says:

    I had to check if it was really Robert commenting the above (with bleeping by me), or someone smearing him with a sock puppet.

    Unfortunately, it’s really Robert.

  41. Scott Thong Says:

  42. wits0 Says:

    Robert: “you slant eyed grease monkey’s?”

    The PRC ones may overturn your melting pot soon enough. Too much drugs and too many loony leftist liberals and other useful idiots – that’s including your mulatto potatoTOTUS.

  43. eeek&meek Says:

    The number of customers applying for a mortgage to purchase a property fell to the lowest level in 13 years last week, a sign the housing market is struggling without government incentives.

    Purchase volume declined 5.7 percent and is at its lowest point since February 1997, the Mortgage Bankers Association said Wednesday.

  44. eeek&meek Says:

    After a short period of housing price stability, housing sales have dropped off a cliff. After tax credit incentives to buy a home expired April 30th, both new and existing home sales plummeted over 30% in May, the biggest drop on record. All the tax credit did was rob from future months. Who in their right mind would buy a home in May, June or July when they could get a free $8,000 check from the government if you bought by April 30th?

    Foreclosures are hovering at record levels and bank owned properties will further depress an already weak market. If an $8,000 tax credit and record low mortgage rates have not stimulated the housing market nothing will.

    Almost 80% of U.S. states are on the verge of insolvency. Think of Greece times a hundred. Tax revenues are plummeting while spending is rising due to generous union contracts that are difficult to break. Property taxes are rising in many states as will income taxes, further depressing consumer spending. Municipal bonds defaults are a certainty in the near future and when the first major municipal bond defaults the entire muni market will freeze up making it difficult for states to raise capital. The federal government will have no choice but to bailout any state that is facing default further widening the country’s already huge budget deficit and increasing the nations debt.
    http://www.thefinancialphysician.com/blog/?p=3410

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