Good job Obama, this economy is your baby now. You inherited a bad situation and have made it much worse with your reckless spending, lack of detail, and anti-business rhetoric. Talking down the economy isn't looking too good now is it? You are turning a recession into a depression you asshole.
WTF are you talking about?
What you've just said is one of the most insanely idiotic things I have ever heard. At no point in your rambling, incoherent response were you even close to anything that could be considered a rational thought. Everyone in this room is now dumber for having listened to it. I award you no points, and may God have mercy on your soul.
What's so idiotic? Since the election all he has done is talk down this economy and cause panic among people, businesess, and the markets. Why did his tone change so dramatically in his speech last week? All of a sudden he turned into the black Ronald Reagan with his optimism.
Where in hell has Tim Geithner been, and where is the plan to deal with toxic assets? I'm no Hank Paulson fan, but at least he was trying to help solve problems. Boy wonder has been MIA, and when he did speak on the issue, it was a disaster.
The markets know that this unprecedented spending is going to lead to terrible inflation and the destruction of the dollar. We were promised change, but he is going to sign a traditional Washington spending bill with thousands of earmarks. That doesn't inspire confidence.
He announces tax increases in the middle of a deep recession. Is he stupid? With the markets so wobbly, how about waiting on that until it's on better footing. Even better would be not doing it at all, but that's way too much to ask.
There seems to be no cohesive plan, no strategy. This problem can't be fixed by cutting one-off deals like we're seeing with AIG and others.
He didn't create this situtation, but he is doing a terrible job of dealing with it. It's his now, he owns it. The Democrat Party owns it. There is no running away from it. People don't want to hear excuses and blame put on others. We want solutions and he has not offered any.
You are truly an idiot.
I would rather never see Geithner's face in public until this crisis is over. The more you see them making speeches and promoting their programs the less time they are developing ideas, discussing solutions, and actually working to make things better.
The spending bill (which has already been signed) has perceived "earmarks" because the point of the legislation is to build infrastructure. Well, unless we are working on moon infrastructure this money is bound to go to state projects. Hence, one man's earmarks are another man's stimulus.
He announced tax increases on a tiny portion of the population. For the rest he has offered renewed hope for their paychecks, their health care, their jobs, et al. No one is crying over small tax increases except the Republicans.
As far as most economists can tell Obama is doing exactly what we need to do. You can't expect anything Obama has done so far to take effect right then and there. Much of what we are feeling today was not even close to controllable by Obama. Not only that, but since when is the Dow an indication of the health of our economy? Remember, the night is darkest just before the dawn. If Obama turns this around and begins economic recovery by Q1 2010 (and I would predict Q3 2009) then he will have done an incredible job. And I will say the Dow's recovery will only follow the national recovery.
So when is this spending bill going to start working?
It's working, but it will be hard to see noticeable effects for a while. Small projects all around the country will add up over the next year and then we will have more noticeable improvement after that.
