Obama: I Reversed Recession Until 'Bad Luck' Hit

[PapaG]

Funny, but I don't recall Dubya ever whining about 9/11 impacting the recession he inherited when he took office in front of an audience.

At a town hall meeting on his campaign-style tour of the Midwest, President Obama claimed that his economic program "reversed the recession" until recovery was frustrated by events overseas. And then, Obama said, with the economy in an increasingly precarious position, the recovery suffered another blow when Republicans pressed the White House for federal spending cuts in exchange for an increase in the national debt limit, resulting in a deal Obama called a "debacle."

"We had reversed the recession, avoided a depression, gotten the economy moving again," Obama told a crowd in Decorah, Iowa. "But over the last six months we've had a run of bad luck." Obama listed three events overseas -- the Arab Spring uprisings, the tsunami in Japan, and the European debt crises -- which set the economy back.

"All those things have been headwinds for our economy," Obama said. "Now, those are things that we can't completely control. The question is, how do we manage these challenging times and do the right things when it comes to those things that we can control?"

"The problem," Obama continued, "is that we've got the kind of partisan brinksmanship that is willing to put party ahead of country, that is more interested in seeing their political opponents lose than seeing the country win. Nowhere was that more evident than in this recent debt ceiling debacle."

continued at link

 

[MARIS61]

Pretty hard to argue against his statement, especially this part:

The problem," Obama continued, "is that we've got the kind of partisan brinksmanship that is willing to put party ahead of country, that is more interested in seeing their political opponents lose than seeing the country win. Nowhere was that more evident than in this recent debt ceiling debacle."

 

[MARIS61]

Funny, but I don't recall Dubya ever whining about 9/11 impacting the recession he inherited when he took office in front of an audience.

Probably because he didn't inherit a recession.

He was gifted the largest SURPLUS ever left to a new President AND a very healthy economy. He squandered both.

 

[EL PRESIDENTE]

Obama = The Messiah

 

[3RA1N1AC]

why would bush whine about 9/11? best thing that ever happened to him

 

[huevonkiller]

Lol.

No one made him double Bush's spending or ignore the exponentially increasing debt because of interest.

 

[blazerboy30]

Pretty hard to argue against his statement,

It isn't hard at all. It's actually too easy. He's claiming the economy was going again, and the recession had passed. But in reality, economic growth was stalled / non-existent, and unemployment was soaring.

It is ridiculous how incredibly partisan the guy is, and not even man enough to admit his policies have failed miserably.

 

[barfo]

It is ridiculous how incredibly partisan the guy is

He said, without even a hint of self-awareness.

barfo

 

[barfo]

It isn't hard at all. It's actually too easy. He's claiming the economy was going again, and the recession had passed. But in reality, economic growth was stalled / non-existent, and unemployment was soaring.

That actually isn't reality, that's your peculiar glass-is-completely-empty fantasy. Here's reality:

barfo

 

[blazerboy30]

That actually isn't reality, that's your peculiar glass-is-completely-empty fantasy. Here's reality:

barfo

And you're arguing that those charts show our economy was cookin' and unemployment looked good? Good luck with that.

 

[barfo]

And you're arguing that those charts show our economy was cookin' and unemployment looked good? Good luck with that.

The boy who cried strawman throws out another strawman...

No, I'm arguing those charts show that what you claimed was demonstrably false:

But in reality, economic growth was stalled / non-existent, and unemployment was soaring.

Clearly from the charts, the recession was in fact over, and unemployment was coming down, albeit very slowly.

barfo

 

[BLAZER PROPHET]

barfo, the charts are wrong. That's new unemployment claims. not the unemployment rate. The true unemployment/underemployment rate is 25%. That's not a recession? Well, true, it's not. It's a depression.

But I agree that rather than flat out lying to the American public, why not man up to the fact his policies were ruinous and pledge to do better...... With the exception of pure leftist sheep, no one is buying this crap. No one.

 

[blazerboy30]

The boy who cried strawman throws out another strawman...

No, I'm arguing those charts show that what you claimed was demonstrably false:



Clearly from the charts, the recession was in fact over, and unemployment was coming down, albeit very slowly.

barfo

Why are you throwing out more strawmen, barfo?

 

[barfo]

barfo, the charts are wrong. That's new unemployment claims. not the unemployment rate. The true unemployment/underemployment rate is 25%. That's not a recession? Well, true, it's not. It's a depression.

It's fine if you want to define it that way, as long as you consistently use the same definition. Feel free to present the same chart using your definition.

But I agree that rather than flat out lying to the American public, why not man up to the fact his policies were ruinous and pledge to do better...... With the exception of pure leftist sheep, no one is buying this crap. No one.

I'm not sure what "this crap" is, so I can't say who is buying or selling it. I was responding to a couple of obvious falsehoods put forth by strawmanboy.

barfo

 

[BrianFromWA]

doesn't partisanship go both ways? I mean, sure the Tea Party can be blamed for not caving unless there were spending cuts (though they eventually did), but I don't recall Obama telling the D's to just cut a bunch of stuff so there wouldn't be a deadlock. You can't have unilateral partisan brinksmanship.

 

[PapaG]

Probably because he didn't inherit a recession.
He was gifted the largest SURPLUS ever left to a new President AND a very healthy economy. He squandered both.

He did inherit a recession. Clinton's recession started in October 2000.

 

[PapaG]

barfo apparently continues to have no shame.

Such a downfall ... from Producer to bitter old guy in just a year.

 

[barfo]

You can't have unilateral partisan brinksmanship.

You mean, as long as the other side caves, then it isn't brinksmanship?

So, if I demand "everyone who has served aboard a submarine must be executed", you can either give in to my demand, or you are guilty of 'brinksmanship' yourself if you resist my plan?

barfo

 

[barfo]

barfo apparently continues to have no shame.

Such a downfall ... from Producer to bitter old guy in just a year.

Thought you had me on ignore.

What am I bitter about?

barfo

 

[maxiep]

The bottom line is that Obama's "recovery" was the poorest performing since the Great Depression. Ken Rogoff has argued that while technically it was a recovery, it wasn't in reality a recovery at all; it was just bouncing along the bottom. And what does this recession have in common with the Great Depression? The same economic philosophy to try to get out of it.

 

[barfo]

The bottom line is that Obama's "recovery" was the poorest performing since the Great Depression. Ken Rogoff has argued that while technically it was a recovery, it wasn't in reality a recovery at all; it was just bouncing along the bottom. And what does this recession have in common with the Great Depression? The same economic philosophy to try to get out of it.

Which, in the case of the Great Depression, quite clearly worked.

Yes, this is the poorest recovery since the depression. It's also the deepest recession since the depression.

barfo

 

[PapaG]

Which, in the case of the Great Depression, quite clearly worked.

Yes, this is the poorest recovery since the depression. It's also the deepest recession since the depression.

barfo

Massive spending prolonged the Great Depression. It took Hitler's massacres to pull the USA out of FDR's funk.

Your ignorance would be dangerous, except you're just a clown act on a message board. Isn't it about time for another lupus joke, you sicko?

 

[ABM]

It's fine if you want to define it that way, as long as you consistently use the same definition. Feel free to present the same chart using your definition.

barfo

http://articles.moneycentral.msn.com/learn-how-to-invest/The-real-unemployment-rate.aspx

 

[barfo]

Massive spending prolonged the Great Depression. It took Hitler's massacres to pull the USA out of FDR's funk.

Hmm.. WWII.. what was that other than massive spending? It was spending on a scale unheard of before or since.

Your ignorance would be dangerous, except you're just a clown act on a message board. Isn't it about time for another lupus joke, you sicko?

Not yet. But you'll be the first to know when it is time.

barfo

 

[PapaG]

Not yet. But you'll be the first to know when it is time.

barfo

Your "subtle" avatar says it all, Brainiac. Quite the life you live, isn't it?

 

[barfo]

http://articles.moneycentral.msn.com/learn-how-to-invest/The-real-unemployment-rate.aspx

Hard to be sure from the scale of that graph, but it appears to follow the same pattern - a rapid rise at the end of the Bush years, and more recently remaining high, but declining slightly.

barfo

 

[ABM]

Hard to be sure from the scale of that graph, but it appears to follow the same pattern - a rapid rise at the end of the Bush years, and more recently remaining high, but declining slightly.

barfo

I'd wager the numbers are on the rise in the past year, though.

 

[MARIS61]

You guys are the baby seals in this debate, and Barfo is wielding the club.

I don't know whether to laugh hysterically or hide my eyes in horror.

 

[barfo]

Your "subtle" avatar says it all, Brainiac. Quite the life you live, isn't it?

Yes, things are very good, thanks for reminding me. Sorry life hasn't treated you well. But at least you'll always have your anger.

barfo

 

[TradeNurkicNow]

Your "subtle" avatar says it all, Brainiac. Quite the life you live, isn't it?

I made him that avatar, so you can roid rage at me too if you want.