We conservatives get queasier by the day watching the slow-mo car wreck that is the GOP primary. We don’t all agree on who the nominee should be, but that’s OK. That’s what primaries are all about. I want to take a break from the internecine rock throwing and refocus our attention on what a dismal failure President Obama and his Obamanomics have been for this country.
Obama is a Jobs Destroyer
Thanks to the usual partisan government statistical manipulation, the unemployment rate supposedly inched lower, but the Obama economy remains a wreck. Maggie at Maggie’s Notebook smells cooked books as well. Check it out to understand the statistical games the Obamacrats are playing to hide just how bad the unemployment crisis really is.
Zero Hedge does an excellent job breaking it down it down as well. The secret to Obama’s jobs numbers is that the workforce has shrunk by millions, keeping the official unemployment rate artificially low.
Obama is a job destroyer, and he is on track to be the first president to have a net job loss during his tenure. An impressive feat given the Democrat presidencies of FDR and Jimmy Carter. The press will try to talk up the still sagging Obama economy, but that will only get him so far. People out of work can’t eat hope and change, although the OWS’ers are rolling it up and smoking it…
It’s no wonder Gallup’s electoral projection map that is based upon Obama approval reveals a vast sea of red dotted on the fringes by a few small blue islands of ignorance.
What’s Obama going to run on?
Wasting billions on green energy failures?
Stealing $23 billion from taxpayers to reward failed Detroit Automobile tycoons and their Union Cronies?
Maybe he can run on giving us the Worst Economic Recovery Since the Great Depression, and we can all sing “Crappy Days are Here Again!”
For even more evidence that Obama is the Worst President in the History of The United States, see Daniel J. Mitchell’s Obamanomics vs Reaganomics. Reagan had America on a skyrocketing trajectory by this point in his presidency, and the reason is simple. He did the opposite of what our Bumbler in Chief Obama is doing.
If you’re still hungry for more evidence that Barack Hussein Obama is Caligula on Crack, read Quin Hillyer’s His Abominations Accelerate.
Yes, Newt is a Republican progressive who makes my ears bleed, Romney and Santorum are big government statists, and Ron Paul is playing to the OWS rabble, but it’s even worse for the Democrats. Obama is all they got.
Very nice to see you here Silver! The story of the 1.2M dropouts in one month should explode our thinking. Your last point, Obama is all they got! Right on. Let us not forget it. Thanks for the link. I’m off to check out the others in your article.
Both Republicans and Democrats use the same numbers manipulations. That said, Republicans have shot themselves in the foot focusing almost exclusively on the economy. Obama has given them so much more to work with. With the strategy in place now, if the economy even appears to be improving over the remaining months, Barry cruises in November.
Well, I don’t think that the president has the power we’re told and maintain that Obama is an empty suit. Of course I think Romney is an empty Goldman Sachs suit too, but the map gives me an idea:
When a government ceases to be responsive to the needs of its citizens, it is the citizen’s duty to abolish the government and build it back up. I say we move the capital to Oklahoma, and cut the blue states off. We’d all be happier.
I look at the graph of total jobs and have to ask exactly what you’d have expected to happen in the first year or even two after Obama took office given the obvious collapse of jobs (the “4.4 million jobs already lost”) at the end of the Bush admin due to the recession? That slide wasn’t about to just take a dramatic upturn. The economy is an aircraft carrier and the momentum was straight down — no quick turnarounds, ever. I completely blame Obama for some terrible decisions on the economy — at almost every opportunity I think he’s made the wrong call. But when will you guys acknowledge that there are some things that were completely out of his control — and that job numbers collapse at the start of his presidency is one of them.
Hi Mike – I don’t agree (big surprise). What are the things “completely out of his control?” Regulation? Nope, Obama controls that. Taxes? Nope, Obama controls that vis a vis a veto pen, as well as his rhetoric (fair share and all). Liberty-killing legislation like Obamacare? Nope, he controls that. Class warfare? Nope, he controls that.
So, I just don’t know what you’re thinking.
Instead of allowing people to keep more of what they earn and getting out of the way of business so that they can start rebuilding and investing, Obama is taking the opposite tact: massive new regulations, behemoth new legislative assaults on freedom, demagoguery of the highest order with his class warfare… and on and on.
So I ask you, what was out of his control?
Oh, and the whole “he inherited a mess/blame Bush” nonsense is just that…nonsense. Obama took office more than 3 years ago….
I agree with your assessment of his bad decisions and I thought I was clear about that. And yes it’s 3 years later and he owns this economy. What I was saying is look at the trend when he entered office, the recession, the banking and mortgage crisis that existed. Those things he did not control and there was no way he was going to make changes that would suddenly create a V-shape on that jobs chart. It was heading down and that was going to take time to turn around no matter what choices he made. So attributing all the jobs losses during his adminstration to his policy decisions is just wrong. That doesn’t account for or forgive his bad decision-making but just acknowledges the facts on the ground the day he took over.
Okay – that makes a bit more sense now…. Still – I contend that had Obama made the Bush tax cuts permanent, reduced the corporate tax rate by say 5%, not passed Obamacare, fast tracked domestic oil permits and deregulated the energy industry, we would have seen a dramatically improved economy right quickly.
Couple those things with no class warfare, stable low tax and low regulation rhetoric, and you have a recipe for fast growth and a dramatic rebound.
What did we get instead? Dodd Frank. Massive regulation. Etc, etc.
I also disagree that the banking and mortgage crisis were out of his control. He could easily have cracked down hard on Fannie and Freddie, which are a primary source of the problem.
Unfortunately, Mike, you’re citing the tired arguments that Bush did it and it’s all – or the major portions – are out of Obama’s control. That is false.
Obama failed to act in ways that would improve the situation, and instead chose to act in ways that exacerbated the problem.
Silver, just a historical note, the link you gave regarding job creation/loss shows Hoover as considerably worse than Obama. I’m not defending, as you know.
I’d also like to give Bernanke some credit, just as Hoover’s numbers were far from entirely his fault. There is plenty of blame to pass around for the mess, and I’d like to thank GWB for Helicopter Ben.
Let’s also not forget that Carter gave us Paul Volcker. Volcker gave us a strong dollar and set us up for the 80s and 90s boom. Just as I won’t blame Obama for the mistakes of GWB’s appointee, I won’t give Reagan credit for the benefits he got from Volcker’s policies.
We need all hands on deck to turn things around.
Country:
Noted, but the actions Obama has taken and the actions Reagan took stand in stark contrast. Voker indeed gets much credit as the brains behind the recovery, but we must also give Reagan credit for his courageous leadership. Volker could not have implemented his plans without the President’s approval, regardless of the talk about Fed independence.
Not arguing, just providing further perspective.
Agreed, Silver. I just want to note that fixing economic problems generally begins with an agreement among policy makers to stop causing them!