Should be 'Welcome to the Wreckovery' but whatever:
Seems to me ads like this are cheap to produce with modern technology, and there's plenty of fodder to be had. Is it too much to ask for a lot more than this? Like an ad a day? Heck - have a competition like Powerline had recently. The ads would come flooding in.
Related: CNN's John King Looks At Obama's Economy. It ain't pretty:
Showing posts with label economy. Show all posts
Showing posts with label economy. Show all posts
Quote Of The Day - Paul Krugman
"We currently have a deeply depressed economy. We will almost certainly continue to have a depressed economy all through next year. And we will probably have a depressed economy through 2013 as well, if not beyond. The worst thing you can do in these circumstances is slash government spending, since that will depress the economy even further. Pay no attention to those who invoke the confidence fairy, claiming that tough action on the budget will reassure businesses and consumers, leading them to spend more. It doesn’t work that way, a fact confirmed by many studies of the historical record. Indeed, slashing spending while the economy is depressed won’t even help the budget situation much, and might well make it worse." - Nobel Prize-winning economist Paul Krugman, writing for the New York Times.
Quote Of The Day - Paul Krugman
"We currently have a deeply depressed economy. We will almost certainly continue to have a depressed economy all through next year. And we will probably have a depressed economy through 2013 as well, if not beyond. The worst thing you can do in these circumstances is slash government spending, since that will depress the economy even further. Pay no attention to those who invoke the confidence fairy, claiming that tough action on the budget will reassure businesses and consumers, leading them to spend more. It doesn’t work that way, a fact confirmed by many studies of the historical record. Indeed, slashing spending while the economy is depressed won’t even help the budget situation much, and might well make it worse." - Nobel Prize-winning economist Paul Krugman, writing for the New York Times.
Video of Barney Frank: If Moody’s Downgrades US Economy, JUST IGNORE THEM!
Next time you're speeding and you see red and blue lights behind you, ignore them! When you are faced with that April 15 deadline for filing your tax return and you have too much on your plate, just ignore it. Too stressed out to pay that mortgage today? Just ignore it! When the authorities pay you a visit, just tell them that Barney Frank told you to do it: Barney Frank: If Moody’s Downgrades US Economy, Just Ignore Them
Democrats are in full attack mode on credit agencies if you can believe that. From just a couple of days ago: Dennis Kucinich: Kill The Messenger! Downgrade The Credit Agencies! Flunk Me, FLUNK YOU!
Yeah - that'll help the overspending.
Rep. Barney Frank of Fannie Mae-Freddie Mac fame told Neil Cavuto this morning that if Moody’s downgrades the US debt, “We just don’t pay much attention to them… Don’t sell.” He then went on to blame the ratings agencies for ignoring the mortgage crisis… that he helped create.The video:
Democrats are in full attack mode on credit agencies if you can believe that. From just a couple of days ago: Dennis Kucinich: Kill The Messenger! Downgrade The Credit Agencies! Flunk Me, FLUNK YOU!
WE'RE BEING LIED TO! First Quarter GDP revised down to 0.4% from 1.9%
We are being lied to to such a level that it makes my blood boil. Not only did Q2 2011 come in at an anemic 1.3%, but what was far bigger news to me is that the Q1 GDP was revised downward to only 0.4% from the original 1.9%. That's a 450% cut from the original. How pray tell are we supposed to trust the numbers the government is giving us at this point? In fact, how do we trust that the Q2 1.3% number isn't also an outright lie and that the actual GDP is less than 0? In fact, what's keeping that Q1 0.4% from being revised downward again in the future along with the Q2 number such that we are technically in a recession right now but one that the current regime doesn't want to admit to?
From CNBC: Economy Grows at Sluggish 1.3%; Consumers Pull Back. The key word? 'Unexpected":
Hope and change indeed... for the worse.
UPDATE. More at memeorandum. And from Pajamas Media, Gateway Pundit, Hot Air, The Right Scoop, Outside the Beltway, American Thinker, Don Surber and RedState
From CNBC: Economy Grows at Sluggish 1.3%; Consumers Pull Back. The key word? 'Unexpected":
The U.S. economy grew less than expected in the second quarter as consumer spending barely rose, and growth braked sharply in the prior quarter, a government report showed on Friday.We're being hoodwinked. Banboozled. Flat out lied to. There is no excuse for that large of a downward revision except that Obama doesn't want us knowing how bad it is out there. That wasn't the only downward revision however:
Growth in gross domestic product—a measure of all goods and services produced within U.S. borders—rose at a 1.3 percent annual rate, the Commerce Department said.
First-quarter output was sharply revised down to a 0.4 percent pace from 1.9 percent.
I would be remiss if I didn't mention that OBAMA WANTS THOSE HIGH GAS PRICES AND CAUSED THEM! Once elected, Obama went right to war with oil, so vehemently that a federal judge found Obama in contempt for usurping the US Constitution: Shocker: Judge holds Obama regime in contempt over illegal drilling ban. That coupled with Obama's incompetence at any semblance of foreign policy is setting up a nightmare scenario for oil prices that will hurt our economy. Gas is already above $4 a gallon here in Michigan and most expect that the $5 threshold will be breached across the nation this year (From The Detroit Free Press: Is $5-a-gallon coming soon?). High gas prices are exactly what Democrats and Obama want. O said so himself: Flashback 2008: Obama says he wants gas prices to go upIn addition, fourth-quarter growth was revised down to a 2.3 percent pace from 3.1 percent, indicating that the economy had already started slowing before the high gasoline prices and supply chain disruptions from Japan hit.
Hope and change indeed... for the worse.
UPDATE. More at memeorandum. And from Pajamas Media, Gateway Pundit, Hot Air, The Right Scoop, Outside the Beltway, American Thinker, Don Surber and RedState
Video of Eric Cantor: Obama "Wrecked This Economy"
"At this point, you know, we have three options here. One is to wait, do nothing and go past August 2nd and bring on possible default, which I for one am not for, nor is the Speaker or any of us standing up here. Another is to go with Harry Reid's plan. Which is as the Speaker said, a blank check. Something that we as Republicans don't believe most Americans think ought to happen, because that lets spending continue in this town the way it has, and it helps promote the economic policies of the Obama administration, that it, frankly, wrecked this economy and thirdly, we have our option on the table, and it is consistent with our commitment to saying we will change the system here, stop spending money we don't have, and, start focusing on getting people back to work in this country." - House Majority Leader Eric Cantor (R-VA)
Darned right, except for the part about defaulting after August 2nd. It's a bunch of bunk. The video:
Related: Obama Looks Like A "Potted Plant" In Debt Fight
Darned right, except for the part about defaulting after August 2nd. It's a bunch of bunk. The video:
Related: Obama Looks Like A "Potted Plant" In Debt Fight
Video: Obama Treasury Secretary Tim Geithner Defends "Welcome To The Recovery" Op-Ed
We are in that summer of recovery, version 2.0. Meet the new summer of recovery, same as the old summer of reckovery. 3 million jobs have been lost since Obama took office, the unemployment rate is at 9.2% 2 1/2 years after Obama promised it wouldn't go above 8, and we're $4 trillion further in debt. And Geithner defends his remarks? In short, yes:
UPDATE: Linked by Instapundit! Thank you!
UPDATE: Linked by Instapundit! Thank you!
After losing 3 million jobs and raising unemployment to 9.2%, White House says economy has "vastly improved since Obama took over"
How is losing 3 million jobs an improvement? How is an unemployment rate that is still above 9.2% an improvement? How is an added $4 trillion to the national debt with nothing to show for it an improvement?
UPDATE #2: Just so we don't end up like Greece, a warning:
When asked if Obama can run on a weak economy, White House press secretary Jay Carney says it's "uncontestably [sic] true" that the economy has "vastly improved" since Obama took office.Speaking of that extra debt and the debt ceiling debate, a solution via Instapundit:
STEVE CARTER: Threat of Jail Would End U.S. Budget Gimmicks. “The Congress that passed Sarbanes-Oxley concluded that the only way to ensure transparency in corporate numbers was to require corporate officers to certify that their numbers were correct. The penalties for falsely certifying are substantial — fines of as much as $5 million, and up to 20 years in prison — on the theory that the fear of personal liability will reduce the incentive to exaggerate future revenue or conceal future liabilities. By contrast, congressional appropriators and federal agency heads, are under no similar constraints. True, the government does have its own accounting principles. But nobody faces liability if the numbers are off. Nobody has skin in the game.”UPDATE: The Detroit Free Press is of course for raising the debt ceiling by imposing taxes right away with the promise of spending cuts in the future that they know darned well will never materialize: Time runs short, but Gang of Six plan is worth pursuing
UPDATE #2: Just so we don't end up like Greece, a warning:
BILL FREZZA: Give Greece What It Deserves: Communism. “What the world needs, lest we forget, is a contemporary example of Communism in action. What better candidate than Greece? They’ve been pining for it for years, exhibiting a level of anti-capitalist vitriol unmatched in any developed country. They are temperamentally attuned to it, having driven all hard working Greeks abroad in search of opportunity. They pose no military threat to their neighbors, unless you quake at the sight of soldiers marching around in white skirts. And they have all the trappings of a modern Western nation, making them an uncompromised test bed for Marxist theories. Just toss them out of the European Union, cut off the flow of free Euros, and hand them back the printing plates for their old drachmas. Then stand back for a generation and watch. The land that invented democracy used it to perfect the art of living at the expense of others, an example all Western democracies appear intent on emulating. Being the first to run out of other people’s money makes Greece truly ripe to take the next logical step beyond socialism.”Plus: Many states celebrate surpluses as Congress struggles with debt. That's because those states are required to have a balanced budget by law. That Balanced Budget Amendment to the US Constitution sure is sounding good at this point, no?
With 3 million FEWER Jobs Since Obama Inaugurated and 9.2% Unemployment, DNC Chair Debbie Wasserman Schultz Doubles Down On Stupid: 'The Economy Has Turned Around'
This is the second time she broke out teh stupid:
Just over one month ago: Fantasyland: DNC Chair Wasserman Schultz Says "We Turned This Economy Around". Even liberal sycophant David Gregory immediately stated that the economy is not turned around:
Probably the only thing I agree with MSNBC's Ed Schultz on: Wasserman Schultz is a "joke."
Just over one month ago: Fantasyland: DNC Chair Wasserman Schultz Says "We Turned This Economy Around". Even liberal sycophant David Gregory immediately stated that the economy is not turned around:
Video: NBC's David Gregory calls Obama's OMB Director's response a "programmed answer"
First a prologue: Obama July 2009 Economy my problem
With that in tow: "On Meet The Press, host David Gregory asks White House OMB Director Jacob Lew if Obama has failed on leading the economy, given his July 14, 2009 speech where he said on the economy, "give it to me." Lew gave what David Gregory called a "programmed answer." Gregory then points out the reality is under Obama, the economy has not turned around and that Obama has not led on the budget talks." And yes - it is THEE David Gregory:
With that in tow: "On Meet The Press, host David Gregory asks White House OMB Director Jacob Lew if Obama has failed on leading the economy, given his July 14, 2009 speech where he said on the economy, "give it to me." Lew gave what David Gregory called a "programmed answer." Gregory then points out the reality is under Obama, the economy has not turned around and that Obama has not led on the budget talks." And yes - it is THEE David Gregory:
Borders Books To Liquidate
Months after declaring bankruptcy and with no buyer in sight, Borders Books has requested the court's permission to liquidate the stock at its 399 locations. The U.S. Bankruptcy Court of the Southern District of New York is set to approve the move on Thursday. Liquidation sales could start as soon as Friday. In a statement, Borders President Mike Edwards said the changing book industry and the economy hastened the chain's demise. Borders had been seeking a new white knight bidder after a $215 million bid by private equity firm Najafi Cos. dissolved late last week. Creditors and lenders argued the chain would be worth more if it liquidated immediately.
Borders Books To Liquidate
Months after declaring bankruptcy and with no buyer in sight, Borders Books has requested the court's permission to liquidate the stock at its 399 locations. The U.S. Bankruptcy Court of the Southern District of New York is set to approve the move on Thursday. Liquidation sales could start as soon as Friday. In a statement, Borders President Mike Edwards said the changing book industry and the economy hastened the chain's demise. Borders had been seeking a new white knight bidder after a $215 million bid by private equity firm Najafi Cos. dissolved late last week. Creditors and lenders argued the chain would be worth more if it liquidated immediately.
MI MSM: Entitlements are responsible for economic growth or something
This from Rich Haglund (formerly Granholm's very own personal lemmiwinks): Government program cuts threaten economic recovery in Michigan, U.S. He does lay out how bad the entitlement problem has become here in Michigan and nationally:
UPDATE: An editorial from The Detroit Free Press: Tough times make stricter welfare rules unfairly harsh. Are these guys still running Journolist?
In Michigan, $2.32 of every $10 in income came from what economists call transfer payments: jobless benefits, food stamps, Social Security, Medicare, disability and other government programs.But now with the coming debt ceiling artificial deadline of August 3, welfare is threatened. Not wanting to raise the debt ceiling is the GOP's fault don't you know. Plus the GOP instituted new legislation here in MI decreasing the government handouts. In Haglund's world, that's a bad thing. Here's one thing he neglects though, and it's a whopper: Flashback: Harry Reid 2006 AGAINST RAISING DEBT CEILING: Public Debt 'The Greatest of the Dangers to be Feared'. Oh, but there's more: Flashback: Obama 2006: “America Has A Debt Problem And A Failure Of Leadership,” Voted AGAINST IT! And this one for the road: Every single Democrat Senator voted against raising the debt ceiling in 2006. What say you to that, Haglund?
And Michigan was just one of four states that saw income from government payments grow at least 5 percentage points since 2007, Moody’s says. The others: Arizona, Nevada and South Carolina.
Even more troubling, the entire growth in Michigan’s personal income since 2006 came from transfer payments — an inflation-adjusted $23.2 billion, according to an analysis by University of Michigan economist Don Grimes.
Income from wages, salaries and self-employment fell $22.2 billion.
UPDATE: An editorial from The Detroit Free Press: Tough times make stricter welfare rules unfairly harsh. Are these guys still running Journolist?
Rep Tim Scott, (R-S.): Obama is hampering the nation's ability to create jobs
Well of course he is! How else to explain the hyper-regulation, the giveaways to unions, the massive tax increases and the overspending each of which cost jobs and all together have destroyed economic activity in this country, only to afterward with that as hindsight demand more of the same?
Since Obama came into office, 3 million jobs have been lost, and that doesn't count the fact that 150,000 need to be created each and every month just to keep up with population growth. Taking that into account, Obama is 7.5 million jobs in the hole! Along those lines: Rep Allen West (R-FL): Obama 'needs to admit' his economic policies 'have failed' America
UPDATE: More Allen West:
Since Obama came into office, 3 million jobs have been lost, and that doesn't count the fact that 150,000 need to be created each and every month just to keep up with population growth. Taking that into account, Obama is 7.5 million jobs in the hole! Along those lines: Rep Allen West (R-FL): Obama 'needs to admit' his economic policies 'have failed' America
Rep. Allen West (R-FL) sat down with MRCTV on Wednesday, July 13, 2011 to talk about a wide range of issues from the debt crisis to the Obama administrations handling of fast and furious. West also stands by his statement that Attorney General Eric Holder should resign.