Obama Wishes He Knew Full Extent of Economic Crisis When He Took Office

By Doug Powers  •  February 15, 2012 10:42 PM

**Written by Doug Powers

President Obama’s term has reached a political heliopause of sorts marking the region between where “if I don’t have this economy fixed in three years I’m a one-termer” ends, and the remote and unpredictable “37-months and beyond” area of interstellar re-election bow shock begins. One sign the economy hasn’t been “fixed” is evident in the fact that Obama is now saying he didn’t realize how bad the problems were in the first place:

President Barack Obama said Tuesday he wishes he knew the full extent of the economic crisis when he took office, if only so he could have let Americans know just how tough the coming years would be.

“I think we understood that it was bad, but we didn’t know how bad it was,” Obama said in an interview with KIRO in Seattle. “I think I could have prepared the American people for how bad this was going to be, had we had a sense of that.”

Rewind to October of 2008 — how much more could Obama have prepared the American people?

I think everybody knows now that we are in the worst financial crisis since the great depression.

Sheriff Biden said the same thing in 2009.

Either we were and/or are still in a crisis worse than the Great Depression, or Obama’s only hope in November is that voters have incredibly short memories.

**Written by Doug Powers

Twitter @ThePowersThatBe

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  1. #101
    On February 16th, 2012 at 12:37 pm, Papa Louie said:

    If President Obama is not hurting the economy on purpose, why did he appoint John Holdren as his top science and technology adviser? He knew full well that Holdren has long advocated the following:

    “Resources must be diverted from frivolous and wasteful uses in overdeveloped countries to filling the genuine needs of underdeveloped countries. This effort must be largely political, especially with regard to our overexploitation of world resources, but the campaign should be strongly supplemented by legal and boycott action against polluters and others whose activities damage the environment.”
    – John P. Holdren and co-authors

  2. #102
    On February 16th, 2012 at 12:43 pm, thejim said:

    I have a feeling his life by high school was controlled to the point of his mentors steering him to just the right “friends” of like mindedness, so as to reinforce the ideology of their work in progress.

    It’s more likely that he didn’t attended school in the US, even if someone were directing his associations it would yield a few acquaintenances.No one remembers him, there are no prom photos, no one, male or female says they dated him or traveled with him or even played on the playground with him. Obama is a construct, nothing real about him at all.

  3. #103
    On February 16th, 2012 at 12:43 pm, hawkeye54 said:

    If President Obama is not hurting the economy on purpose

    Anyone with sense, vision, and an awareness of events knows everything our pResident does is on purpose.

    Little or nothing of anything significant he does is actually accidental.

  4. #104
    On February 16th, 2012 at 12:46 pm, thejim said:

    Papa Louie

    He knows exactly what he’s doing. He is intentionally destroying this country, and there are a number of people and organizations helping him do it.

  5. #105
    On February 16th, 2012 at 12:49 pm, hawkeye54 said:

    even if someone were directing his associations it would yield a few acquaintenances.

    Only if those whom Obama was acquainted just happened to be involved in the same “construction” program which developed him, and they either deliberately keep mum or have been programmed so they don’t recall him.

    Obama is a construct, nothing real about him at all

    Its looking that way. I’m also thinking he was unlikely to be the only project on which his mentors worked.

    Scary, if not improbable, theories here.

  6. #106
    On February 16th, 2012 at 12:51 pm, granite said:

    On February 16th, 2012 at 12:46 pm, thejim said:

    He knows exactly what he’s doing. He is intentionally destroying this country, and there are a number of people and organizations helping him do it.

    BINGO!!

  7. #107
    On February 16th, 2012 at 12:55 pm, Regulus said:

    Obama’s only hope in November is that voters have incredibly short memories.

    Can’t fault him for that approach, really; if there are two great weaknesses of the American People — and by extension, the American electorate — they are:

    1. A short attention span; and
    2. A short memory.

    Obama’s going to need to cultivate both of those weaknesses if he’s going to have any chance of re-election.

  8. #108
    On February 16th, 2012 at 1:02 pm, Papa Louie said:

    Holdren also co-authored the following:

    “The need for de-development presents our economists with a major challenge. They must design a stable, low-consumption economy in which there is a much more equitable distribution of wealth than in the present one. Redistribution of wealth both within and among nations is absolutely essential, if a decent life is to be provided for every human being.”

    Holdren’s recommended solution is to “change unsustainable practices, reduce excessive material consumption, slow down population growth”. Is it really a surprise that the Obama administration wants to “de-develop” America? They are actively fighting against coal and oil production, putting numerous regulations on the backs of businesses, redistributing wealth, mandating free contraceptives, and seeking to ration life saving drugs and health services.

    It’s not an accident. It’s part of the plan. The left just prefers to do these things by deception rather than by taking full credit for their actions.

  9. #109
    On February 16th, 2012 at 1:02 pm, hawkeye54 said:

    Can’t fault him for that approach, really; if there are two great weaknesses of the American People — and by extension, the American electorate — they are:

    1. A short attention span; and
    2. A short memory.

    Add:

    3. Stupid, with little incentive from public indoctrination, media and entertainment, and too many likeminded parents, to be otherwise.

  10. #110
    On February 16th, 2012 at 1:16 pm, Pasadena Phil said:

    On February 16th, 2012 at 1:02 pm, hawkeye54 said:

    Add:

    4. Will hold their noses to vote the same status quo candidates election after election after election and call everyone else stupid because how that turns out.

  11. #111
    On February 16th, 2012 at 1:22 pm, rambler said:

    bho is only making excuses for why he can’t jam his vision of utopia down our throats. It seems that a lousy economy has made it more difficult to redirect the cash flow. This unbelievable clown just doesn’t get how things work. My fear is that none of the GOP field get what is happening either. Collapse is coming. Will it be a good thing or a bad thing remains to be seen.

  12. #112
    On February 16th, 2012 at 1:34 pm, happyscrapper said:

    On February 16th, 2012 at 11:40 am, Pasadena Phil said:
    On February 16th, 2012 at 11:36 am, happyscrapper said:

    By the way, PP, if you had actually read that link you provided all the way through, you would have seen the letter the Judge wrote. AND you would have seen the mentioning of the Judge endorsing Ron Paul as a POSSIBLE reason. I don’t believe it was. But again, I think you jumped to some conclusions.
    Well you can jump to your conclusions and I’ll jump to mine. The timing and swiftness supports the conclusion I jumped to.

    Phil, I didn’t jump to the conclusion he was fired because no one is saying he was fired. And I saw him on FOX yesterday.

  13. #113
    On February 16th, 2012 at 1:37 pm, happyscrapper said:

    On February 16th, 2012 at 12:32 pm, right_on said:
    Can we have just one simple word to describe Obama?

    LIAR

    Sorry, no;

    Pathologically inclined to persuade by any means, using lies, falsehoods,and prodded to action by tyrannical narcissism, and “delusions of grandeur.”

    Too much?

    Could you make an acronym out of it or something? Otherwise, yeah, a bit long! :wink:

  14. #114
    On February 16th, 2012 at 1:38 pm, hawkeye54 said:

    My fear is that none of the GOP field get what is happening either.

    My concern is that part of the GOP field may actually be in on what is happening.

  15. #115
    On February 16th, 2012 at 1:39 pm, rambler said:

    hawkeye54 said:

    BINGO!!!!

  16. #116
    On February 16th, 2012 at 1:42 pm, happyscrapper said:

    It’s more likely that he didn’t attended school in the US, even if someone were directing his associations it would yield a few acquaintenances.No one remembers him, there are no prom photos, no one, male or female says they dated him or traveled with him or even played on the playground with him. Obama is a construct, nothing real about him at all.

    What I don’t understand is, he has no foreign accent, unless you can count his use of the word “corpse” as foreign. He does use odd words sometimes. But he has no accent!! How can that be?

    And again, how the he11 did he get elected POTUS with NO vetting and NO background check? Someone’s heads needs to roll on that alone. Who let this guy through??? That is the place to start.

  17. #117
    On February 16th, 2012 at 1:55 pm, Collateral Damage said:

    Said it before, and I’ll keep repeating it. Obastard STARTED this mess: Buycks-Robison v. Citibank!!! The 1995 settlement out of court? The very first BILLION dollar set aside for SUB-PRIME loans (which caused every other major lender to set aside $Billions for sub-prime as well!)!!! Guess who paid for the legal bills?? Your friends at ACORN!?! The lead attorney, Barack Hussein Obastard!?! But because Slick Willie, you know, the first black president needed the Illinois vote, the then-Jackass-In-Chief signed an executive order in 1997, finally allowing Fannie and Freddie to suck up any old kind of horsecrap mortgage!?!
    Look it up, folks. The present Jackass-In-Chief, with the help of his BFFs, ACORN, started this mess!?! Which, of course, also makes B. Hussein the LIAR-In-Chief as well!?!

  18. #118
    On February 16th, 2012 at 2:15 pm, babiesgrandma said:

    I remember one picture of The WON that was on Drudge a few years back. The Annointed
    Self
    Server
    was in a straw hat, and mugging it up for the camera, smoking a doobie, or somethin’. I wish Drudge would dig that back up.

  19. #119
    On February 16th, 2012 at 2:19 pm, happyscrapper said:
  20. #120
    On February 16th, 2012 at 2:24 pm, babiesgrandma said:

    Wow, thanks, Happyscrapper. That’s it.

  21. #121
    On February 16th, 2012 at 2:43 pm, MyrmidoNOT said:

    …too bad the election cannot be held on APRIL 16th, 2012.

    Would be a good reminder, as to the consequences of “how” you vote.

  22. #122
    On February 16th, 2012 at 2:47 pm, happyscrapper said:

    You’re welcome, babiesgrandma! Here is another site with the same picture and some others.

    http://www.time.com/time/photogallery/0,29307,1866765_1815160,00.html

  23. #123
    On February 16th, 2012 at 3:07 pm, PD Dave said:

    I will vote for the Republican nominee, but unfortunately being in CA, my vote only counts for state reps and for congress. I don’t think my vote counted in the Pres. election since Reagan’s 2nd term in 1984 (or possibly GHW Bush in ’88, can’t remember if he took CA). The point is we need to come out in huge numbers in states like OH, FL, IA. If O dumbo takes FL that’s probably it because he will get NY and CA for sure.I think once we have a nominee and he starts focusing BHO things will get better as far as polling.

  24. #124
    On February 16th, 2012 at 3:19 pm, FirstSkirt said:

    I want whoever the Republican nominee is to start pounding this usurper to our House about his shady background. What was his relationship with Mr. Communism, Frank Marshall Davis? Who were the people his Marxist mother surrounded him with? How well did he know Ayers and that dingbat wife, Dorene (sp)? Where did he go, what did he learn, who were his teachers, and, WHERE WAS HE BORN?
    I’d also like to know who set this up…who, other than Soros, is pulling this puppet’s strings. Since he a lying POS, let’s get to the truth of the matter…he sure isn’t gonna tell us jack.

  25. #125
    On February 16th, 2012 at 5:37 pm, thejim said:

    My concern is that part of the GOP field may actually be in on what is happening

    AMEN

  26. #126
    On February 16th, 2012 at 5:40 pm, ChapBix said:

    #102. On February 16th, 2012 at 12:43 pm, thejim said:

    No one remembers him, there are no prom photos, no one, male or female says they dated him or traveled with him or even played on the playground with him. Obama is a construct, nothing real about him at all.

    No one played with him on the playground all those years? How sad! /sarc off

    Surely the Marxists/commies played with him.

    On another note, perhaps the reason no one can find anything on him from his early years is because he was in the witness protection program.

  27. #127
    On February 16th, 2012 at 5:41 pm, thejim said:

    What I don’t understand is, he has no foreign accent, unless you can count his use of the word “corpse” as foreign. He does use odd words sometimes. But he has no accent!! How can that be

    There are schools that teach various English dialects to telemarketers/customer service personel in India, have been for years. Bottom line; Barry ain’t from around here, as we Southerners say.

  28. #128
    On February 16th, 2012 at 5:43 pm, Bluefighter said:

    Barry Obama have already set up spending plans in 2007 when he was a junior senator from Illinois. He knew that when he remarked on October 2008 that he is looking forward to fundamentally changing the way of governance.

  29. #129
    On February 16th, 2012 at 5:43 pm, thejim said:

    On another note, perhaps the reason no one can find anything on him from his early years is because he was in the witness protection program.

    I think his mom was.

  30. #130
    On February 16th, 2012 at 5:43 pm, ChapBix said:

    #104. On February 16th, 2012 at 12:46 pm, thejim said:

    Papa Louie

    He knows exactly what he’s doing. He is intentionally destroying this country, and there are a number of people and organizations helping him do it.

    And they are helping so they can be part of the ruling class and exempt from all the laws, regulations and rules everyone else must abide by. Oh, and let’s not forget the goodies the top echelon will receive for their support.

  31. #131
    On February 16th, 2012 at 5:48 pm, Regulus said:

    On February 16th, 2012 at 1:02 pm, hawkeye54 said:

    3. Stupid, with little incentive from public indoctrination, media and entertainment, and too many likeminded parents, to be otherwise.

    That’s interesting, until the results of the 2008 election I used to consider it axiomatic that “There are stupid Americans, but Americans are not stupid.”

    Obviously, not true.

    Now, the new test axiom is “Americans may be stupid, but they’re not that stupid.”

    We’ll know in November how the new model holds up…

  32. #132
    On February 16th, 2012 at 5:53 pm, Regulus said:

    On February 16th, 2012 at 1:42 pm, happyscrapper said:

    And again, how the he11 did he get elected POTUS with NO vetting and NO background check? Someone’s heads needs to roll on that alone. Who let this guy through??? That is the place to start.

    I’m still waiting for somebody to track down his drug dealers from his past, so they can be interviewed.

    You know that if any Republican candidate for president admitted to being a coke-head, there’d be no effort spared to track down his suppliers — and if none could be found, then Dan Rather and Mary Mapes would just find some wacko off the street to claim that he was, and they’d run with it.

  33. #133
    On February 16th, 2012 at 5:56 pm, thejim said:

    There really are a lot of “stupid” citizens but its also amazing just how many reasonably intellegent people get 100% of their news & views from the mainstream media and that alone gives them the air of ignorance.

  34. #134
    On February 16th, 2012 at 6:04 pm, ChapBix said:

    #111. On February 16th, 2012 at 1:22 pm, rambler said:

    bho is only making excuses for why he can’t jam his vision of utopia down our throats. It seems that a lousy economy has made it more difficult to redirect the cash flow. This unbelievable clown just doesn’t get how things work. My fear is that none of the GOP field get what is happening either. Collapse is coming. Will it be a good thing or a bad thing remains to be seen.

    I fear that the economic collapse that is rushing at us like a tsunami will not yield a pleasant result.

  35. #135
    On February 16th, 2012 at 6:09 pm, ChapBix said:

    #131. On February 16th, 2012 at 5:48 pm, Regulus said:

    Hoping you do not need to revise that model downward after November 6, 2012. Here’s why I think that may be necessary:

    On February 16th, 2012 at 5:56 pm, thejim said:

    There really are a lot of “stupid” citizens but its also amazing just how many reasonably intellegent people get 100% of their news & views from the mainstream media and that alone gives them the air of ignorance.

  36. #136
    On February 16th, 2012 at 6:56 pm, Hiraghm said:

    The general American populace is not stupid; they are merely mentally lazy. There’s an important difference.

    You can’t cure stupid.

  37. #137
    On February 16th, 2012 at 8:07 pm, Raider109 said:

    I found this interesting:

    In 2008, ISI tested 2,508 adults of all ages and educational backgrounds, and once again the results were discouraging. Seventy-one percent of Americans failed the exam, with high school graduates scoring 44% and college graduates also failing at 57%.

    College-educated adults were particularly ignorant of the Founding and Civil War eras, constitutional themes, and the essential features of a market economy.

  38. #138
    On February 16th, 2012 at 9:33 pm, TonkAZ said:

    Obama poses a far greater threat to this nation than Ahmadinejad.

  39. #139
    On February 16th, 2012 at 9:44 pm, TonkAZ said:

    The re-education camps will help the “mentally lazy” get some clarity.

  40. #140
    On February 17th, 2012 at 12:21 pm, AlohaGuy said:

    Obama Wishes He Knew Full Extent of Economic Crisis When He Took Office

    Nobody told me. I was taking drugs the day they talked economics in the expensive private school someone else paid for.

  41. #141
    On February 17th, 2012 at 1:29 pm, Socratease said:

    So after the nation has suffered through three years of being run by a White House with training wheels, we are assured that next time they’ll get it right. Right?

    Except that the President just submitted his latest budget proposal that even his own Department of Treasury admits will do nothing to avoid the economics disaster looming in the near future.

    So it seems Obama has learned nothing in his first term in office, except how to use his position to silence his critics.

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