Obama urges cabinet to redouble economic efforts
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BreitbartVictorious
More kabuki from Obama. At this point only a verifiable promise he will not seek re-election is the only thing that would boost our economy.
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globalwatcher
My mom told me not to answer to the door.
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yabits
More idiocy from Breitbart.
Too bad the article doesn't mention the House Republicans leaving town and screwing over FAA employees. It's an amazing story that reveals the malevolence and sleaziness of that party.
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Eric Schneider
There's not much the government can do to get the economy moving now. Until people think their jobs are secure they aren't going to spend. The people out of work aren't going to spend. The people who owe more on their houses aren't going to spend and can't move to find a new job. Since consumer spending amounts to 2/3 of the US economic activity it is going to take a long time for the economy to rebound.
Not a thing that the politicians can do to solve that one. They might claim to have a cure but I would doubt it.
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Jeffrey Duelley
America is in a depression, not recession, and this is only the beginning, not the end.
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Molenir
lol, really? Republicans already passed a bill on the subject. Its up to Dems in the Senate and White House. They who are being childish and throwing tantrum after tantrum about not getting their way.
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yabits
I realize this is how things appear in Bizzaro-world, but in the real one the facts of the matter are quite different.
The FAA had been operating under short term extensions to their funding, and there have been 20 of them since the last long-term funding contract expired in 2007. So it was the Republicans who saw an opportunity to inject politics into this fairly routine process -- specifically Republican representative John Mica -- who in July sought to attach riders in the form of subsidy cuts on flights to 13 rural communities.
The House and Senate have actually agreed upon legislation for long-term funding of the FAA, but with one major hangup: It's the Republicans again -- who want to try to reverse a ruling by the National Mediation Board regarding transportation workers voting for union representation. And here's where it beautifully demonstrates the cravenness of the Republicans.
When workers held a vote to determine if a union would represent them, segments of the transportation industry held that if someone did not vote, that it would be recorded as a "No" vote. This is a preposterous condition and the Mediation Board overturned it so that only votes cast would be recorded. The Republicans -- in the pockets of the major players like the airlines -- want things to return to the prior condition.
Anyone who knows anything about democracy (and common sense) knows that it's wrong to automatically count as a vote for either side someone who has not cast a ballot. This shameless position puts the lie to any Republican claims to the "sanctity" of the ballot.
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BreitbartVictorious
Agreed. As I said, only a verifiable promise from Obama that he will not seek re-election would motivate investors, small businesses,entrepreneurs and consumers to make the choices that would set in motion a recovery. We are sick of the Alinsky puppet show.
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BreitbartVictorious
Regulations cost the US economy 1.75 trillion/year. Heating , lighting, cooking, shopping, the gov has intruded everywhere and the costs are staggering.
Obama and the Dems forced another 681 new regulations on American businesses in July alone.It's the same old Alinsky playbook - in public Obama appears as the affable pragmatist trying to unite all factions; behind the scenes though he and the neo-Marxist wing of the party are intent on destroying the economy, then they will make it appear as though they had no choice but to nationalize enough of it to effectively take over the country.
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yabits
Breitbart spouts this tripe as though there was the slightest bit of truth to it.
First of all, US businesses are sitting on over $2.5 trillion in cash assets -- the most in history. All those "nasty" regulations certainly aren't making their impact felt there.
Secondly, the 1.75 trillion comes from a report prepared for the Small Business Administration by Nicole Crain and Mark Crain in Septemter 2010. Right-wingnuts were quick to pounce on the Crain & Crain report. However, the non-partisan Congressional Research Service subjected the report to detailed analysis and found terrible flaws in it. It appears that Crain & Crain are off by 65% to 75% in their estimates.
One of the serious flaws in Crain & Crain was their failure to assess any benefits from regulations. Some right-wingnuts might believe there are no benefits in clean air, clean water, and safe food. One wonders why people like Breitbart take on such a mantle of stupidity.
The CRS report is dated April 6, 2011, and is titled: Analysis of an Estimate of the Total Costs of Federal Regulations. It is a very comprehensive study that hands any loony spouting the 1.75 trillion number their ass on a platter.
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BreitbartVictorious
Regulations are killing job growth - - except in gov't jobs.
http://www.heritage.org/Research/Reports/2011/07/Red-Tape-Rising-A-2011-Mid-Year-Report
I notice there is no dispute from yabits that Obama has the worst record of job creation since Hoover, though as far as employment rates go our neighbors Canada and even Mexico seem to be doing quite well.Anyone not drunk on the HopeyChangey kool-aid can see that Obama and the ideologues in the far left wing of the Democrat Party want to basically destroy our economy.
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yabits
Why would anyone dispute a point that had not been raised? Job creation and Hoover were not mentioned prior to the statement above. I suspect such confusion comes easily and often to those who have to strain to keep their stories straight.
Only someone who is utterly dishonest or completely idiotic would try to deny that President Obama inherited the worst economic conditions since FDR was elected in 1932. Since President Obama's predecessor had the worst record since Hoover, and presided over the very roots of the Great Recession -- ushering it in -- decent people will cut the president some slack since they know Obama's attackers don't have the slightest clue as to how the recover the economy. All they offer are their psychotic nostrums of cutting taxes and regulations for extremely wealthy people who already pay less taxes than their secretaries and are sitting on record amounts of cast.
Mentioning Canada is quite a laugh since Canada's economy is run with a much higher tax rate, comparable regulations, and higher level of social services. Yes, maybe the US should be more like Canada.
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BreitbartVictorious
yabits
Gots to keep to the template! Poor Obama - he was all but forced to become FDR of our times!
Trouble is, people no longer buy it. Which is why the journo-listers and the MSM are now in contortions trying to portray him as Reagan. But too many of us recall the far more crippled economy Reagan 'inherited' - though no one was making excuses for the pres back then - and they remember how things were turned around.
(cash)
The class war schtick doesn't excite young folks the way it does aged hippies. The majority of college grads today are moving back home after graduation. It is "unprecedented." You could tax the Chicago Bejeebus out of 'the rich' and it wouldn't make a dent in the massive debt that runaway spending has brought us. Very very few of us know anyone with a 'corporate jet'.But we all know someone with a horror story involving the goons who work for the TSA, granted vastly expanded powers by Obama and the Dems.
And yet on the 2011 Index of Economic Freedom it seems Canada comes in 6th, while we have fallen to 9th place...
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BreitbartVictorious
Double dip recession imminent. Jobs report out tomorrow. Got the spin ready, yabits?
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Molenir
Yabits, I'm starting to get dizzy from the desperate spinning you're doing to try keep Obama from appearing an the complete and utter incompetent he really is. You're having to move faster and faster these days with all the bad news coming.
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Eric Schneider
The really sad part of all the discussion of where the blame lies is that both sides are up to their ears in it. The republicans back things like counting absence as a "no" vote and corporate welfare for the oil companies and ethanol production. The democrats back things like ballots where the voter's name is published with their vote and government spending on things like Obamacare - which does nothing to reign in the insurance companies price rises. Then congress exempts themselves from laws and give themselves huge retirement perks, etc, etc. Obama may have strengthened the TSA's ability to search but Bush got that ball rolling. Both support Gitmo. What's the difference? Who gets the govenment handouts.
So the government is an actual drain on the economy. Economists call government intervention in the economy "the dead hand of government." The fact of the matter is that, left to themselves, people, including the rich, and companies, would spend their money and get the economy going - except for all the uncertainty that the government is creating. The government is the problem, not the solution. And both sides are to blame.
How do you fix that? Remember, it's a democracy. We get what we deserve.
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yabits
No template. Just plain facts. President Obama took office as the Great Recession was already in its fourth or fifth month -- the collapse of the housing market dwarfing the 1929 collapse of Wall Street in terms of market value lost.
Just plain facts -- which right-wingers are adverse to.
The economy that Reagan inherited was the one that had been in serious trouble during the time the Republican Nixon slapped wage and price controls in one of the most overtly government interventions into an economy since wartime rationing. Gerald Ford tried to fight inflation with WIN buttons. (Whip Inflation Now.) It was only when Carter appointed Paul Volker to Fed Chairman and gave him the free hand to dramatically raise interest rates did inflation finally subside.
Reagan, for his part, nearly tripled the national debt with increased spending -- showing that government stimulus does work -- unless you're not willing to collect the taxes during boom times to pay it back.
LOL! College grads have got to be pretty smart. They'll soon realize that the reason they have to live at home has far more to do with businesses not willing to invest the cash they are sitting on than it has to do with President Obama.
Canada doesn't have to deal with right-wing nuts and Tea Party lunatics. One clear sign of their civic-intellectual superiority.
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Serrano
yabits, ha ha, are you ever going to admit that your man Obama is clueless and in way over his head here?
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yabits
I agree. We need the same kind of health care system that Canada has -- so we can move back up the ladder of the Heritage Foundation's freedom index.
If government is the problem, then the solution is to completely destroy government. How is that a solution?
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yabits
I can believe that the massive problems we face are over the head of any intelligent mortal. The solution is not to replace a highly intelligent and rational person with an arrogant, ignorant, incurious defect as was done in January of 2001.
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yabits
Jobs report much better than feared. Conservatives must be extremely disappointed at the thought of more Americans going back to work with a Democratic president in the White House.
Lord knows how they'd love to spin the economy into the ground if it would ensure the election of one of their useless, empty suits.
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BreitbartVictorious
"Summer of Recovery 2" ?
Has a nice ring to it.
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Molenir
The amusing part of your statement, is that it completely echos the Bush years, when the Dems were harping about failed wars. (Before the surge worked) Dems were completely hoping that more soldiers would die, that the economy would tank... Don't bother to deny it yabits, was only a few years ago, all the articles to prove it are still there.
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