The Obama Economy

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NorthCoastHorn

500+ Posts
It Looks to me that this will end up sinking the president. IMO his first stimulus plan was an abject failure with even the short term spending boost being hamstrung by the loops required to get the money into the economy.

It looks like to me that the biggest card he has to presently play is to "look" like he knows what he is doing through these budget negotiations. I don't think that is going to fly with middle America facing the weakest recovery in recent history.

Do you think his charisma can overcome a very weak economy come election time?

Hookem

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i think this economy is just a snowball that landed in obama's lap. i don't think it's any more his than gwb, who also inherited a looming crisis that everyone ignored.
i have trouble blaming obama for the economy being that the problem is so entrenched and a long time coming.
i honestly don't give a rats *** who our president is, i just hope whoever it is can come up with a fix and soon. i agree with johnnym (perhaps for the first time ever
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) that he can still easily win re-election. who do the republicans have that can beat him? i know "generic republicans" win in polls but i just can't see it really happening without a real leader with a clear vision. and maybe that would be where i have an issue with obama - he seems to me to be a bit all over the place at times and then sometimes, at least publicly, seems to ignore the crisis a bit.
 
I think the biggest question will be how bad the economy is portrayed in the media. My guess is there won't be a lot of talking about long unemployment lines, high gas prices or market issues. It will be "everything SHOULD be going fine, but it seems like we're improving more slowly than we'd like."

If the media spends time talking about Obama tripling the deficit in two years and refusing to offer more than a couple billion in specific spending cuts, he could be in trouble. If the narrative continues that he has this massive spending cut bill ready to present if the GOP would just give in and tax jets, then he likely will be hard to beat.
 
I'm a right-leaning independent and the Reps haven't rolled out a single candidate I'd cast a vote for. Holy ****, they have some weak, weak choices. Looks like I'll be voting "L" again.
 
The name of this thread tells you the OP does not like Obama regardless.

When you begin a job 4 months after the largest economic collapse since the great depression- and with split GOP/Dem govt- it's not so much Obama's economy.

I think a lot of people are looking at guys like McConnell- asking him why he's more concerned with Obama's re-election than he is meeting the spending cuts Obama proposed with modest tax hikes on the rich. Obama rightly is not caving any further- and guys like Cantor/McConnell have a big ownership given if they don't ever figure out what compromise is we stand to experience further collapse.
 
I think he is talking about the failed stimulus plans and Obamacare which have lead to a large budget deficit and have and will cause an escalation of the national debt. In fact our debt to GDP ratio has increased from 60% to 90% and from $10,000,000,000,000 to $14,000,000,000,000 in a couple of years.
 
All Obama's campaign pledges were generics ... nothing specific. this continued onto his presidency. Just look at his state of the union addresses. More generalities, nothing specific.
 
mcbrett,

Let me say that I voted for Obama and previous to that I voted for GWB, so I am not a republican nor a democrat. I basically vote for whomever I think is going to do the best job for AMERICANS. I think GWB was the right man for 9/11 and that's about the only positive I can think of for him while he was in office. Obama...I cannot think of one thing that he has done for AMERICANS.

Politicians, all of them, only care about re-elections. Until this mindset is changed, no policies will benefit Americans as a whole. Instead, each party will vote on measures that only benefits a small percentage of Americans. Typically, the Pubs vote for business and the "rich" (although I don't necessarily buy the "rich" part) and the Dems will side on the poor and "unfortunate" (I don't buy this either, I think they use this just for votes). If anyone would actually study a bill and what it will do, I think you will find that it only affects a small percentage of Americans. Now, there are some bills that do affect a large portion of the public but those are few and far between each other.

I feel the reason this issue is important and why no politician wants to commit to a true solution is because they know that it will affect EVERY American. The solution is simple but not what Americans want; the solution is SACRIFICE. We as a society have to learn to sacrifice but this government has decided years ago that we should be raised to expect everything given to us. This mentality has to stop, and it needs to stop now. It might cost some political careers but it needs to be done.

Unfortunately, I don't think it will every happen since we are talking about politicians. Now, this brings me to my point that I was trying to address to you anyway. I think the others bring a valid point about what specifically is Obama presenting to the Pubs for his proposed cuts? I think he is just saying that and isn't giving any specifics to the Pubs either. I think the Pubs would have come out and said the president has proposed this and that but we don't agree with that--but that hasn't happened. It hasn't happened because I think the Pubs have no idea what those cuts are since Obama hasn't outlined anything specific.

I would like to know specifics, since I voted for this guy. I actually feel embarrassed to tell anyone that I voted for this guy but I did.
 
Sorry Mcbrett, there is no VALID argument suggesting the stimulus was anything but an overwhelming failure. Obama and Pelosi's like to fall back on, "well it could have been so much worse" but gee lucky for them we'll never know. That is a ludicrous argument that despite how bad something is we should all be happy because it could have been worse.

The White House Council of Economic Advisors will disagree with you too.
stimulus%20fail%206-13-11.jpg


This stimulus didn't fall shy of expectations, it actually had a negative impact. The country would have been better off, even by Dems projections, had we sat back and done absolutely nothing.
 
dheiman-

You're just a bit anxious to make a point here. No where did I say it was a success- but that there were many points saying it is one- although very debatable.

Second- your cute graph is not the be all, end all determinant for the question "was it a success." What you need- is unemployment had there been no stimulus vs. actual. The only thing your chart proved was that the prognosis was bad- not that the stimulus was bad.

If you'd like to argue that the hundreds of infrastructure projects should NOT have been completed, and those employed by them should not have been employed- that's your right. But, let's keep your personal opinion in perspective here.
 
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