Laughingstock: President Doom does a 180, cancels fear-mongering
Haw, haw, haw. Remember President Doom? Remember the fear-mongering? And Chicken Little dances? Remember his remarks waaaaay back on February 5:
By now, it’s clear to everyone that we have inherited an economic crisis as deep and dire as any since the days of the Great Depression. Millions of jobs that Americans relied on just a year ago are gone; millions more of the nest eggs families worked so hard to build have vanished. People everywhere are worried about what tomorrow will bring.
Because each day we wait to begin the work of turning our economy around, more people lose their jobs, their savings and their homes. And if nothing is done, this recession might linger for years. Our economy will lose 5 million more jobs. Unemployment will approach double digits. Our nation will sink deeper into a crisis that, at some point, we may not be able to reverse.
Well, cancel the red alert and let the good times roll. I wish he’d give us some advance warning so we could protect ourselves from the whiplash:
Confronting misgivings, even in his own party, President Barack Obama mounted a stout defense of his blueprint to overhaul the economy Thursday, declaring the national crisis is “not as bad as we think” and his plans will speed recovery.
Challenged to provide encouragement as the nation’s “confidence builder in chief,” Obama said Americans shouldn’t be whipsawed by bursts of either bad or good news and he was “highly optimistic” about the long term.
The president’s proposals for major health care, energy and education changes in the midst of economic hard times faced skepticism from both Democrats and Republicans on Capitol Hill, as senators questioned his budget outlook and the deficits it envisions in the middle of the next decade.
But Obama, speaking to top executives of the Business Roundtable, expressed an optimistic vision and called for patience.
Richard Parsons, chairman of beleaguered Citigroup Inc., asked if Obama could offer some help in a national battle “between confidence and fear.”
“A smidgen of good news and suddenly everything is doing great. A little bit of bad news and ooohh , we’re down on the dumps,” Obama said. “And I am obviously an object of this constantly varying assessment. I am the object in chief of this varying assessment.”
“I don’t think things are ever as good as they say, or ever as bad as they say,” Obama added. “Things two years ago were not as good as we thought because there were a lot of underlying weaknesses in the economy. They’re not as bad as we think they are now.”
“And my long-term projections are highly optimistic, if we take care of some of these long-term structural problems.”
Like I said: Haw, haw, haw.
Barack Obama: The Emily Litella President.
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Sad to say, I gave up reading her columns last fall; it’s hard to believe she was ever in the same room w/ Reagan, let alone wrote for him.
Lgm, it’s been over 30 minutes, and I’m still waiting for your brilliant expose of the role of Bush in the financial meltdown.
On March 12th, 2009 at 7:44 pm, johnsteele said:
You are exactly right, and you beat me to saying it.
When Obama speaks of “these long-term structural problems”, he’s thinking of capitalism.
And when Obama says, “my long-term projections are highly optimistic” he’s optimistic about his chances to “fundamentally transform” our nation from Capitalism to Socialism/Communism.
Ditto
Well, Bush didn’t help by allowing a Republican Congress to submit very Democrat like spending bills, without fear of veto, and supporting, in general, Carter and Clintons CRA that pushed banks to lend money to people that couldn’t afford it, and then Bush pre-saged the Obamanation by allowing his Goldman-Sach’s economic advisors to pick winners and losers during the economic panic in the Fall, and come up with a TARP program tailor made to save Goldman.
But at least Bush didn’t try to raise taxes on the productive during a recession. And Bush couldn’t run up the national debt in eight years the way the Obammunist has in less than two months.
And the reason I know I’m right is because what we’re doing has never worked anywhere else. In any geography, in any time. But Obama is smarter than any of those other people who have tried it. Therefore, we know it’s right.
Further, I’ve put my brain in my pocket and am keeping there for safekeeping. Wouldn’t want to get it out all exposed to reality.
BREAKING NEWS: Source of Obama talking points discovered! See below.
Prince Charming: You. You can’t lie. So tell me, puppet, where is Shrek?
Pinocchio: Uh, hmm, well, uh, I don’t know where he’s not.
Prince Charming: You’re telling me you don’t know where Shrek is?
Pinocchio: It wouldn’t be inaccurate to assume that I couldn’t exactly not say that it is or isn’t almost partially incorrect.
Prince Charming:- So you do know where he is?
Pinocchio: Oh, on the contrary. I’m possibly more or less not definitely rejecting the idea that in no way with any amount of uncertainty that I undeniably…
Prince Charming: Stop it!
Pinocchio: …do or do not know where he shouldn’t probably be, if that indeed wasn’t where he isn’t. Even if he wasn’t at where I knew he was, that’d mean I’d really have to know where he wasn’t.
“fundamentally transforming” our nation,
from Capitalism to Socialism/Communism.
Obama’s Affinity to Marxists
The Socialist Gospel
Dude, you left an open lgm tag. Never mind, I’ll fix it.
Unfortunately, even Barry O resigning wouldn’t change a thing. Biden would be up next, with Pelosi in the batter’s circle. I don’t even know how far down the succession ladder we’d have to go to get to a real fiscal conservative.
On March 13th, 2009 at 10:41 am, conservativesRus said:
Exactly.
Capitalism >> Communism
Two Things Obama Won’t Do:
I wrote that July 8, 2008. It was true then, and it’s true now.
Barney “Fife” Frank s mostly to blame for the housing mess, right? (Even the Boston Globe thinks so–no matter that it’s Jeff Jacoby doing the editorializing there. It’s still the Globe)
He certainly shoulders more of the blame than no-longer-president Bush.
So why is he getting a pass on this? Is it because he’s such a snappy dresser?
Mr. President, don’t you know who in the hell “they” is??? I hate to tell you this, but “they” is YOU.
So, Mr. President, you are saying that two years ago things were worse than you thought, and today, with the markets tanking and banks failing, things are BETTER? Or, are you saying that the underlying weaknesses in the economy are not as weak as you thought? Maybe you should share these thoughts with Nancy Pelosi before you sign another one of her economic suicide bills. Hey, and while you are sharing thoughts, why don’t you have your staff answer some of the dozen or so questions that I have submitted to the white house over the past month or else take down the stupid “contact the white house” site if you are not going to respond to anything. Web sites cost money, my money. Stop wasting it.
I challenge Barack “Barry Soetoro” Obama to explain how his agenda is in any way different from the agenda of the Communist Party USA:
(Emphasis mine on three concepts spoken by Obama: transformation, universal health care, change)
I was “highly optimistic” about the long term, too, until this jackass added a trillion dollars to our debt.
Now that he has gotten his way with spending our money and moving us into deeper debt and more socialism, he is all sweetness and light. What a crock!
It’s the “Agenda”, Stupid.
My mole’s getting larger. Should I tell the dems since they want to tax all growth?
Wow. This whole thing is very suspicious. Methinks Buffet et el are coaching this guy in 1984 doublespeak. Clearly he is getting schooled in how to pull off the con without destroying their own wealth along with ours. This quote from Parsons is similar Madison Avenue smoothtalk malarky to “calm” the markets.
They’re pulling the wool over our eyes. I consider Buffet, Obama, and all the other secular-progressives now in power to be traitors.
Well lgm, still no response. I can’t say I’m surprised. You leave me no choice but to conclude what we all here know to be the truth. You have no critical thinking skills, all you ever post is talking points from the DNC, which has been spoon-fed to you via the MSM.
I used to think Bill Clinton was the all-time Waffle Champion. But Obama takes the cake!
I hereby suggest a new nickname for Mr. President:
Eggo-Bama!
Well, good golly miss molly! Duh One is sure good! It took him just a month to take the “worst economy since the Great Depression” and turn it around to “recovery!”
*SARC*
On March 13th, 2009 at 11:59 am, flmom said:
Well lgm, still no response.
Flmom, there’s my response to lgm. There’s nothing more to say about it.
conservativesRus said (#89):
Sweden had a financial meltdown and did a full (temporary) bank nationalization at great (temporary) cost to the Swedish taxpayer. Their system recovered. Banks were taken off receivership, taxpayers got much of their money back. It worked.
In 1929, Republicans tried what Republicans are advocating today. It didn’t work then and they were swept out of office two years later.
You can argue about either of these, but “It hasn’t worked yet” is not necessarily a reason not to try it now.
Answering flmom: Bush neglected to administer the laws of the land — to regulate the banking industry. He presided over a huge growth in deficits — both government and trade — that weakened our financial system and made it harder for us to act when we really need to.
Agreed, but I’ve made it a point of asking libs to explain their positions, especially when I hear them repeat ad nauseum the talking points that have obviously come from the DNC or MSM. I think the silent responses I always get speaks volumes.
Nice try, but wrong.
Replublicans tried to regulate, while Democrats opposed and played the race card in order to cover up corruption.
Obama just stated that the economy isn’t as bad as everyone thinks. So, if the economy does get worse, then it’s obviously his own fault.
It also means that Bush blamers must admit that they are over-blaming Bush.
Yo, idiot, Bush and his admin tried to reign in the problems with banking. It was the Dems who shot it down. Don’t let that fact get in your way.
You cashed your check in 2001 I bet. After the checks went out, 9/11, and your dems voted in favor of supporting the war in Iraq (and all of them were screaming WMD’s before Bush and Repubs gained control). That started the deficit. You all could have sent back your checks. I bet a thousand dollars your spent yours and now complain about Bush’s deficit. Hypocrite.
Thanks ITTR, having difficulty with the linky thingy, but wanted to add the September 11 2003 NYT article for lgm’s edification, which juxtaposes nicely with your link.
Yahoo finance and Reuters received their marching orders. Check out the main yahoo finance headline (at least for now).
Consumers’ Mood Edges Up Unexpectedly in March- Reuters
Expect the market to rally everyone!!!!
He’s THE ONE! He does everything well, so why should flip-flopping be any different. He just wants to be the best flip-flopper.
What lgm fails to mention is when this happened, the stockholders and those responsible for the crisis were bled dry and prosecuted (you know, held accountable for tax payers having to shell out in the interim). And the money was given back to the tax payers when the banks did recover.
I could be mistaken, but Govt wasnt front and center in the Sweden scenario (different case entirely from us) and I wont hold my breath about getting any money back – the same folks who were involved in this mess are the same folks responsible for the oversight of these institutions now. Fox-Hen House.
What makes you think they are going to give us our money back when they were taking it all along (and continue to do so) as we speak?
You do you see being taken to task for any of this??? (crickets)
NYT Article:
Makes me question which country is capitalist vs. socialist sometimes…
Um, you’re not very clear here – are you saying Republicans favor Obama raising taxes in a downturn like Hoover did, because that’s what happened?
Nor are you clear here: Are you saying President Bush disbanded the Fed Reserve? Because that’s pretty much all the control the Feds USE to have over our once non-nationalized banking system.
Blaming deregulation is an out-of-hand response that shows little consideration for the fact Democrats used legislation and the tools of government, mainly low income home ownership/urban renewal policies and Fannie & Freddie, to circumvent the forces of the free market by replacing sound accounting principles and practices in determining credit worthiness, such as assets to liabilities and acid test ratios, with government mandates and quotas.
should have been: Do you see anyone being taken to task for any of this???
So is he saying he’s coolly detached, or just doesn’t have an opinion?
This reminds me of an old joke.
Question: Do you know why the world still has so many problems?
Answer: Because the people with all the great solutions are stuck driving a cab or tending a bar.
Obama reminded me of the cabby/bartender during the election. He was too naive to know that his solutions wouldn’t work.
To paraphrase Satchel Paige:
“How bad would this economy be if you didn’t know how bad this economy was?”
Dr. Obama has induced Stockholm Syndrome on America.
It’s malpractice.
DBNinKY,
Spot on and well played.
It’s a shame the libs will refuse to understand a concise and factual rebuttal to their emotional spew.
One of the most entertaining things on this site, is when the trolls attempt to sound intelligent. Every time they take a small break from their usual childish antics to use big words and complete sentences, you just know they spent a whole 15 seconds on Google, cutting and pasting the very first thing they find on whatever subject they decided was worth the 15 seconds in an effort to appear smarter than they really are.
So far, I have yet to see any of them actually come up with anything that matches what point they are trying to make, or come up with something that cannot be shot down by any number of posters here who actually DO keep up on events and politics.
It is HILARIOUS to me…seriously. Just take LGM’s example above. It was just something he found on Google, but cannot back up. It looked good at first glance, so he stuck it here. He won’t be able to expound on it, won’t be able to defend the statement and most assuredly will not answer any questions presented to him regarding it, simply because it is not his own thought, but something he glanced on a website that he imagined would make him appear older than 12.
Just classic.
My two favorite things are the randomly made up statistics and directly linked correlations.
i.e. Everybody knows that 42% of all orange juice profits go to organized crime and Tom DeLay once owned an orange tree, so you can see the culture of corruption.
My other favorite is obscure falsehoods presented as fact.
i.e. During the Mau Mau uprising, it was the unjustified provocation of the settlers that caused the sinking of the U.S.S. Maine.
I think that because liberals know that other liberals aren’t too bright and won’t challenge them on anything if it supports their point of view, they project that to everybody. Somehow, they think they won’t be challenged if they present that same falsehood to conservatives.
if you eat meat from cows that inhale second-hand smoke you’re 1.234% more likely to die in agony…
OK, so he talked it down long enough to pass these monstrosities, ruined our 401(k)s, and now tells us it’s not so bad because some focus group tole him to. Leadership at its best!
OK. You have a point. Hoover was more responsible than modern Republicans. If a government is going to do no good, it at least should do no harm -> balanced budgets.
Republicans controlled congress until 2006 and passed all kinds of things Democrats objected to. But somehow they could not pass financial reform laws. Anyway, it wasn’t Fannie and Freddie took huge unhedged CDS positions. SEC failed to uncover Madoff’s fraud.
Balanced Budgets? You’d get no argument here. In fact, I’d support a balanced budget amendment to the Constitution. Would you, lgm?
YOU can’t blame Republicans for not forcing certain reform laws against the cries of racism from the left. WE can. YOU can’t.
Is that some sort of pathetic attempt to imply that Fannie and Freddie weren’t significantly involved in causing this mess???? BTW, Fannie and Freddie are still conducting all sorts of stupid, damaging business.
BTW, this statement is too stupid to address.
Bring that up at your next Obamakumbaya meeting, would you?