2012-09-28

Obama Has Used The 'T' Word; Death Panels As Long As Liberals Sign Off On Them; Obama's New Normal Unacceptable

Not "tits." Sheesh.

Conservatives like to paint Obama as being aloof with Israel while refusing to use the word terrorism.

One commentator asserted Obama "can't bring himself to say it."

From the Associated Press:

"We must not negotiate with a terrorist group intent on Israel's destruction. We should only sit down with Hamas if they renounce terrorism, recognize Israel's right to exist, and abide by past agreements."

He said this while (rightly) criticizing Jimmy Carter for meeting with Hamas. Putz.

***

In the "Miserable little rats" section of this blog we present Steven Rattner and this opening paragraph in the opinion pages of the NYT:

"Well, maybe not death panels, exactly, but unless we start allocating health care resources more prudently — rationing, by its proper name — the exploding cost of Medicare will swamp the federal budget."

WO!

So, Sarah Palin was right all along?

Of course, that's exactly what it was. Any good Canadian will tell you that. The thing is, very little people know about it until they get sick and then you have to fight with the bureaucracy for, erm, your life.

***

A liberal family member who shall remain nameless pulled this classic line in an emotional response to criticism directed at Obama by Jeff Jacoby on the Dennis Miller Show:

"Don't these people understand Obama's policies will take 25 years to work!"

I paraphrase.

Implied of course is that he's a visionary. We're all 'visionaries' in some way over a generation.

Funny, when I pointed out that it's argued Iraq is a long-term work in progress, that didn't "count."

Liberal-progressives. Simply out to lunch.

***

And finally la piece de resistance....

An article in the WSJ titled "As good as it gets"  posted in full here.

Bob Schieffer: "The fact is, unemployment is up. It is higher than when [President Obama] came to office, the economy is still in the dump. Some people say that is reason enough to make a change."
Bill Clinton:"It is if you believe that we could have been fully healed in four years. I don't know a single serious economist who believes that as much damage as we had could have been healed."
CBS's "Face the Nation," September 23, 2012

Well, let's see. We can think of several serious people who said we could heal the economy in four years. There's Joe Biden, Nancy Pelosi, Harry Reid, Christina Romer, Jared Bernstein, Mark Zandi, and, most importantly, President Obama himself.

Mr. Obama told Americans in 2009 that if he did not turn around the economy in three years his Presidency would be "a one-term proposition." Joe Biden said three years ago that the $830 billion economic stimulus was working beyond his "wildest dreams" and he famously promised several months after the Obama stimulus was enacted that Americans would enjoy a "summer of recovery."

That was more than three years ago.

In early 2009 soon-to-be White House economists Ms. Romer and Mr. Bernstein promised Congress that the stimulus would hold the unemployment rate below 7% and that by now it would be 5.6%. Instead the rate is 8.1%. The latest Census Bureau report says there are nearly seven million fewer full-time, year-round workers today than in 2007. The labor participation rate is the lowest since 1981.

So it has gone with nearly every prediction the President has made about where the economy would be today. Mr. Obama promised that the deficit would be cut in half in four years, but the fiscal 2012 deficit (estimated to be above $1 trillion) will be twice the 2008 deficit ($458 billion).

Mr. Obama said that his health-care plan would "cut the cost of a typical family's premium by up to $2,500 a year," but premiums for employer-sponsored family coverage have gone up $2,370 since 2009, according to the Kaiser Family Foundation.

He said that the linchpin for a growing economy would be renewable energy investment, and he promised to "create five million new jobs in solar, wind, geothermal" energy. Mr. Obama did invest some $9 billion in green energy, but his job estimate was off by at least a factor of 10 and today many solar and wind industry firms are fighting bankruptcy. The growth in domestic U.S. energy production that he now takes credit for has come almost entirely from the fossil fuels his Administration has done so much to obstruct.

There's nothing unusual about candidates making grandiose promises that don't come true. And it's a White House tradition to blame one's predecessor when things don't get better. (Usually these Presidents end up one-termers.)

The bad faith wasn't then. It's now. Mr. Obama really believed that government spending would unleash a robust recovery in employment and housing—an "economy built to last." Now that this hasn't happened and with the Congressional Budget Office predicting a possible recession for 2013, Team Obama claims these woeful results were the best that could have been expected.

The problem with this line is that every President who has inherited a recession in modern times has done better. (See nearby table.) Under Mr. Obama, measured on the basis of jobs, GDP growth and incomes, this has been by far the meekest recovery from the past 10 recessions.

When George W. Bush was elected, he inherited a mild recession from Mr. Clinton amid the bursting of the dot-com bubble, some $7 trillion of wealth eviscerated. Nine months later came the 9/11 terrorist attacks. Yet by 2003 the economy was growing by more than 3% and eight million jobs were created over the next four years.

The Administration and its acolytes claim that the nature of the 2008 financial collapse was different from past recessions, and that it can take up to a decade to restore growth after such a financial crisis. Economist Michael Bordo rebuts that claim with historical economic evidence nearby.
In reality, the biggest difference between this recovery and others hasn't been the nature of the crisis, but the nature of the policy prescriptions. Mr. Obama's chief anti-recession idea was a near trillion-dollar leap of faith in the Keynesian "multiplier" effect of government spending. It was the same approach that didn't work in the 1930s, didn't work in the 1970s, didn't work in 2008, and didn't work in such other nations as Japan. It didn't work again in 2009.

Ronald Reagan also inherited an economy loaded with problems. The stock market had been flat for 12 years, inflation rates neared 14%, and mortgage rates almost 20%. The recession he endured in 1981-82 to cure inflation sent unemployment to 10.8%, higher than Mr. Obama's peak of 10%. But the business and jobs recovery by early 1983 was rapid and lasted seven years.

Reagan used tax-rate cuts, disinflationary monetary policy and deregulation to reignite growth—more or less the opposite of the Obama policy mix. Liberals tried to explain the Reagan boom that they said would never happen by arguing that there was nothing unusual about the growth spurt after such a deep recession. So why didn't that happen this time?

When campaigning to be President in 1960, John F. Kennedy denounced slow growth under Eisenhower and Nixon and said "We can do bettah." Growth was 7.2% in 1959 and 2.5% in 1960. Since the recession ended under Mr. Obama, growth has been 2.4% in 2010, 1.8% in 2011 and, after Thursday's downward revision for the second quarter, 1.7% in 2012.

Mr. Obama is running for re-election trying to convince Americans that an economy limping at less than 2% growth, 8% unemployment, real incomes down 5.7% since the recovery began, and deficits of more than $1 trillion is the best we could achieve. We liked it better when he stood for hope and change.

Some comments:

-"...the Republicans were voted into power in the House in late 2010 in a LANDSLIDE election up and down the federal and state ballots specifically to STOP Obama and the Democrats from continuing what they were doing during all of 2009 and 2010. The people wanted it stopped, and the Republicans have stopped it..."

Exactly. The system was designed this way and worked accordingly. Americans didn't like what Obama is up to. So they strung a leash on him.

Other comments refuting this comment:

"Four years ago, the House was controlled by Democrats. Since then, the Republicans have taken over, and they’re doing what they can to keep THEIR promise of making Obama a one-term president, to the exclusion of all other government business. In fact they’ve been so hell-bent on it that the U.S.’s credit rating was lowered because of the GOP congress obstructing government business, using tactics like threatening not to make payments on the U.S. debt.

I’ll bet that if the Democrats controlled Congress in the year our credit rating was lowered, then government business would get done, Obama could keep his promises, and our credit rating would not get lowered.

But, as Rumsfeld would say, we work with the Congress we’re given.

And there’s no doubt that the GOP leadership there is a leadership of ignorance. And there’s no doubt that ignorance is as ignorance does, I promise."


Responses:

-"The GOP House passed budgets in 2010 ande 2011, had the Senate and President done what was right and passed these budgets the Debt fight never would have happened. Correct me if I am wrong, but the President put a budget forward in both years....how many votes did he get....let's see...0 in the House and 0 in the Senate."
Unfortunately, for your arguement these facts do not seem to fit."

-"In the 2 years that the Dems had majorities and filibuster proof majorities, they passed every thing that this administration wanted!! Stimulus, Healthcare, Frank-Dodd, etc. and none of it worked as promised. In fact everything they did was worse than than what was already there!!"

-The House has been passing bills, the Democrat leader in the Senate refuses to pick them up. That would be obstruction, though not the obstruction the Dems claim all the time. Voter's did not vote Republicans into the House to have them be yes men for Obama.
The only ones that want one party rule for ever and ever, with it of course being their party, are Democrats."


***

I read in the same thread that Rush Limbaugh asked the other day the same question I posed earlier this month. Namely, if Obama wins and inherits a bad economy, will he blame himself?

For the record, I said it first!

Maybe Limbaugh reads this awesome blog.

Heh.

Not sure if this is a good or bad thing though.



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