How's Obama's recovery summer working out for you?

[Nevermind]

Let's take a look at some of the headlines over the past few days:

Home sales in the United States were down in July. This in spite of dirt-cheap mortgages and greatly reduced prices. The figures are the worse we've seen in this country in over a decade. The experts are telling us that we're in for another drop in home values. Welcome to Recovery Summer!

The Financial Times says that disappointing US economic figures are driving a surge in demand for low-yielding assets. I'm not sure what that means, but it doesn't sound good. Here's a quote: "Things appear to have come to a head...with markets braced at the edge of a precipice ahead of key US economic data likely to further unnerve investors already concerned by the extent of impending slowdown." Welcome to Recovery Summer!

This from The Wall Street Journal: Day after day, investors have been hit with more evidence that the economy is stalling. The Dow is down over 4% this month, after an ebullient July that was fueled by impressive earnings results from U.S. companies. The Dow posted another triple-digit loss today and at one point fell below the 10,000 level. Michael Casey has details about the factors driving today's market action. But earnings season is now over and investors are far more focused on potential troubles ahead. What's that Biden said? Oh yeah ... Welcome to Recovery Summer.

Economist David Rosenberg, apparently someone who has earned a certain degree of respect in economic circles, writes a daily brief for investors. Yesterday he said that the U.S. economy is heading into a 1930s-style depression. He reminded his clients that the Great Depression also had some high points such as positive stock market gains .. but then, as now, those signs of recovery were unsustainable and only provided a false sense of stability.

Charles Nenner, founder and president of Charles Nenner research says that the Dow is on its way down to 5000 in the next 30 months. He's saying that things "really look bad for the next 10 years."

While millions of Americans are looking for jobs so that they can start taking care of their families again, Our Hero is looking for over 5% in new income tax that our own government says will affect 50% of the small business income that we need to put to work to grow new jobs. Smart, isn't it?

You saw the jobless claims that came out last week. Try 500,000 new jobless claims. Welcome to Recovery Summer.

The number of subscribers to cable and satellite television fell for the first time in history during the second quarter of this year. People just aren't going to pay the price any more .. not in this economy they're not.

The Obama Administration is no longer using the "jobs created or saved" nonsense to tout the effectiveness of the stimulus plan. There's a new phrase now .... "lives touched."

The Obama Administration has now as much as admitted that ObamaCare will increase the cost of medical care in this country and, at the same time, add to our deficit. Exactly the opposite of what was promised when they were trying to get the bill passed earlier this year.

Is this all working out the way you planned it in 2008? Absolutely NOTHING that Obama and his Democrat dog washers are trying is working. In spite of the infantile ravings of Biden, there is no recovery. Millions of Americans are still out of work while Democrats borrow money for such wonderful stimulus projects as teaching Siberians how to deal with their government. Siberians, in case you were educated in our hideous government schools, are Russians .. and the government we're trying to teach them to interact with is located in ... Moscow. There you go. A quick $200,000 shot to hell by Pelosi's big spenders ... and Obama calls this "economic stimulus."

This is what we get when the idiot voters in this country fall for a smooth talking community organizer with absolutely NO executive experience at all ... and who has often professed his disdain for the private sector ... and we put this menace in charge of bring our economy back.

Would you take your sick puppy to a vet that hates dogs? Why, then, would we take a sick private sector economy to a ruler who hates the private sector?

This is all so much worse than I ever could have imagined when Obama got his crown of thorns in January of 2009. I've seen incompetence before, but this character gets the gold medal.

[tin00can]

I'm kicking ass, so I assume everybody else is. Thanks for asking.

[MasterOfMeatPuppets]

Here's where Nevermind copied and pasted his thoughts from:
http://boortz.com/nealz_nuze/2010/08/ho ... er-wo.html

The only part Nevermind actually understood:

I'm not sure what that means

[Nevermind]

Here's where Nevermind copied and pasted his thoughts from:
http://boortz.com/nealz_nuze/2010/08/ho ... er-wo.html

The only part Nevermind actually understood:

I'm not sure what that means

Actually asshole, I didn't steal anything. I forgot to post the source where it came from. Go look at each and every one of my posts where I've cut and pasted something, and you'll see I aways provide a link. I made a mistake this time.

[MasterOfMeatPuppets]

Here's where Nevermind copied and pasted his thoughts from:
http://boortz.com/nealz_nuze/2010/08/ho ... er-wo.html

The only part Nevermind actually understood:

I'm not sure what that means

Actually asshole, I didn't steal anything. I forgot to post the source where it came from. Go look at each and every one of my posts where I've cut and pasted something, and you'll see I aways provide a link. I made a mistake this time.

[bane]

It's going to come down to "Are you better off now than you were 4 years ago." and the answer for most people will probably be, "No". Who's really at fault won't matter.

[MasterOfMeatPuppets]

It's a bit early to throw the dirt on his casket. He's got 2 years to pull a rabbit out of his hat. It was only a couple of months ago that the Gulf spill was Obama's Katrina. It's now plugged and nobody outside of La. gives a damn.

[bane]

It's a bit early to throw the dirt on his casket. He's got 2 years to pull a rabbit out of his hat. It was only a couple of months ago that the Gulf spill was Obama's Katrina. It's now plugged and nobody outside of La. gives a damn.

That's true. If the economy has recovered sufficiently by then it could be a different story.

[lerxstcat]

It's going to come down to "Are you better off now than you were 4 years ago." and the answer for most people will probably be, "No". Who's really at fault won't matter.

Well, it's only been 2 years, for one thing. Also, even when 4 years have rolled around a fair argument can be made that the GOP fucked it up for 8 years going in, so that it would take 8 or more to clean that up.

I'll bet that in the 2012 campaign, no matter who runs, we'll see repeat clips of McCain saying "The fundamentals of the economy are sound" on the day the stock market collapsed, to remind voters that the GOP as a whole were clueless about the depth of the economic problems at that time - because most GOP politicians were well-insulated from those woes.

Obama will remind people that the PERCEPTION that he was aware of the problems and confident of facing them may well have prevented a complete economic freefall. I was on the fence but tending toward McCain until he fucked up that one SO royally. At that point I no longer felt I could vote for him.

Also, the world at large likes Obama a lot more than they did McCain in 2008 or will the GOP in 2012. Granted they don't vote here, but Americans may like not being hated as much by the outside world when 2012 rolls around. Only time will tell...

[bane]

It's going to come down to "Are you better off now than you were 4 years ago." and the answer for most people will probably be, "No". Who's really at fault won't matter.

Well, it's only been 2 years, for one thing. Also, even when 4 years have rolled around a fair argument can be made that the GOP fucked it up for 8 years going in, so that it would take 8 or more to clean that up.

I'll bet that in the 2012 campaign, no matter who runs, we'll see repeat clips of McCain saying "The fundamentals of the economy are sound" on the day the stock market collapsed, to remind voters that the GOP as a whole were clueless about the depth of the economic problems at that time - because most GOP politicians were well-insulated from those woes.

Obama will remind people that the PERCEPTION that he was aware of the problems and confident of facing them may well have prevented a complete economic freefall. I was on the fence but tending toward McCain until he fucked up that one SO royally. At that point I no longer felt I could vote for him.

Also, the world at large likes Obama a lot more than they did McCain in 2008 or will the GOP in 2012. Granted they don't vote here, but Americans may like not being hated as much by the outside world when 2012 rolls around. Only time will tell...

It'll still come down to the question I posted. If things are looking up and people are more confident than when he went in, Obama will win by a landslide, if things are still shaky, he's probably gonna get bounced. People may be more forgiving of a slow economy if they think the guy in charge has a firm hand on the wheel, but 2 years in that certainly isn't the perception, so I don't see that changing in 2 more unless the economy rebounds. It doesn't matter whether republican policies actually caused this mess or not. As to the abroad thing? I don't know a single person that will cast his vote based on what the French think about us. It's nice to no longer be perceived as the big bad wolf, but at the end of the day people care a whole lot more about what's happening in their own back yard.

[Skate4RnR]

I don't really give a fuck since my vote doesn't count. My voting usually doesn't align with disenfranchised old white people so fuck it.

ETA: My summer's been pretty kick ass as it usually is. I know we're in a recession but we were so poor when I was growing up I'm livin' high on the hog now and I'm far from being wealthy. It's all positive here in the breadbasket of America. Lookin' good n' feelin' fly lol.

[whodat70]

Barry is sinking faster than the Titanic. He will be a one term President. Who cares what the people want, do what ever he/congress want. NOvember will be a reckoning for the people who voted for the stimulus and healthcare. Stop thinking if you throw money at a problem that it will help. Our debt is way out of control.

http://www.usdebtclock.org/