Article

2010-07-02 Economy

Obama's Post-Recession Economy Is a Failure

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Posted by 3dc 2010-07-02 01:33|| || Front Page|| [11128 views ] Top

#1 Surprisingly?

Posted by g(r)omgoru 2010-07-02 06:46|| 2010-07-02 06:46|| Front Page Top

#2 First of all we are not post recession.

Posted by BrerRabbit 2010-07-02 06:57|| 2010-07-02 06:57|| Front Page Top

#3 Surprisingly?

Oh no, g(r)omgoru, not at all. Unexpectedly.

Posted by trailing wife 2010-07-02 07:24|| 2010-07-02 07:24|| Front Page Top

#4 Clearly what Obama is doing now isn't working. Why isn't this page one news?

Goshits almost as if Obama intentionally schedules his campaign style Immigration speeches right around the time these horrible economic reports are released. I dont know about anyone else but another MSNBC talking head said his speech gave her chills. Maybe I shouldnt be so cynical its probably just a coincidence. Besidesits Recovery Summer Bayyybee!

Posted by DepotGuy 2010-07-02 09:37|| 2010-07-02 09:37|| Front Page Top

#5 Of course it's "faltering," because the recovery was nothing more than another liquidity-fueled mirage. Our government has transferred trillions from savers, who earn next to zip on their accounts, to the banks, who are now sitting on massive reserves and have no intention of increasing lending. In addition, millions of households that used to have negative worth have finally started to move into saving mode.

Banks aren't lending. Consumers aren't spending-- except on their addictions such as crap food, alcohol, cigarettes, pr0n, gaming/gambling, and shiny new toys made in China by Apple and their ilk.

When an economy that was based primarily on millions of households buying $hit they didn't need with money they didn't have shifts to one based on bread and circuses, you have to take a lasting hit.

The economy is simply re-setting at a lower level. This will take at least another year. When US households finally have, in aggregate, a 9-month cushion against loss of income due to unemployment or reduced pay, THEN we will see people spending again on more than candy, nicotine and iPhones.

Posted by lex 2010-07-02 10:00|| 2010-07-02 10:00|| Front Page Top

#6 "First of all we are not post recession."
Posted by: BrerRabbit

Sure we are. The recession turned into a depression last year. See? Post-recession! Magic!

Posted by DarthVader 2010-07-02 10:04|| 2010-07-02 10:04|| Front Page Top

#7 Obama has the people to make Marxism work despite it failing every time it's ever been tried in the past....

Posted by Bright Pebbles 2010-07-02 10:33|| 2010-07-02 10:33|| Front Page Top

#8 This must be what 1931 and 1932 were like. Then things really got bad.

Posted by Anguper Hupomosing9418 2010-07-02 12:47|| 2010-07-02 12:47|| Front Page Top

#9 Obaloney's speech gave me the chills, to. As in a cold chill of dread running down my spine.

Posted by Deacon Blues 2010-07-02 14:04|| 2010-07-02 14:04|| Front Page Top

#10 Obama Is an Epic Failure

FIFY

Posted by DMFD 2010-07-02 17:36|| 2010-07-02 17:36|| Front Page Top

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