Finally, please detail how Republican policies led us to recession, noting specifically what the Democratic Congress elected in 2006, did to thwart them and prevent the recession which began under its watch.

Thanks.

How come BMO seems so bent on reporting only negative financial stories while downplaying every positive gain at every chance they get??? Its because they are completely bias just like the rest of you! You had it in for him since the start because you were so pissy about losing the election. Guess what? Thats democracy!!! He is our commander and chief now. This is America you dumb piece of useless dung!!!!!! Get a clue!

you quote Christina Roma? Really. Sorry but that lady is not the best out there as far as economists go unless the USA has no one of the caliber of the old economists who knew what they were doing.

Ditto for that dickhead Geithner, the know it all who caused the Japanese economy to tank instead of recover during the 1990s.

The fact is we are now heading for a period of stagflation where there is a continuing rise in unemployment and a rise in inflation caused by bad government policy.

I have no respect at all for Roma, Geithner or Krugman when it comes to economics. I have a lot of respect for Keynes and these people are not, I repeat not, following Keynesian theory.

The “stimulus” was nothing but pork. It was not the right prescription for a problem that was caused by Democrat policy in the first place. – the housing crisis or housing bubble was caused by Carter and those who came after him. The Democrat Congress refused to pass legislation that would have corrected what was happening. Obummer actually advocated for the system that was put in place where people who did not have a deposit and who could not afford to pay back a mortgage were given mortgages.

The failure is there because of Democrat socialism and the failure of Republicans to ensure that there were proper checks and balances.

No, he doesn’t, TGC.

What Obama puppets lie about constantly is that Obama “cut taxes”. What he did was simply change the rules so that you are assessed a portion of your payroll taxes at year-end, rather than on every paycheck. As a result, it may look like you’re taking home more, but at year-end, you’re still responsible for that additional amount.

The reason Obama puppets like “tax credits” is because you still collect the tax, which means you choose who gets the credit. In contrast, with a tax CUT, the money never flows into government hands, which means it can’t be “redistributed”.

Comparing the bravado of your #2, #7, #11, #22, and #25 I am clearly disappointed that you were unable to meet the flimsy test I laid down in #27.

I thought you might be striving to be the ” ‘Bama Bob” for this administration. But, not being able to cobble together a little Krugman and Rich blather to substantiate your full blown rapture means that you will probably not get the ” ‘Bama Bob” job of cheerful news spokesman. Pity, that, you gave it such a good shot.

OR they shed all the jobs they can afford to lose which is no indication at all that things are getting better.

Is there anything conceivable that Obama could have done differently to slow the unemployment picture quicker than he has?

He could have cut taxes, give people THEIR money to do with as THEY seem fit, and he could have at least temporarily suspended the Capital Gains Tax. We could have ended this months ago, but…

But I guarantee you, absolutely, that all conservatives would have been opposed to such measures.

Oh. Better to screw the American people and bury them in debt than to piss off the Conservatives. And since when has he given a damn about us, or anybody else for that matter.

Hell, you even opposed the stimulus for chirssakes, and now you think you have ANY STANDING whatsoever to complain that unemployment is still high???

Yep. There was nothing stimulating about the porkulus. Hasn’t provided the jobs that were touted.

Oh geez. Like maybe you managed to overlook the inconvenient fact that at least a third of the stimulus was tax cuts?

Such as……..?
You do know there’s a difference between tax cuts and tax credits, right?

Sorry, but I have been away all day – just come home tired -its late (Im in the East). I responded to a few of those who addressed comments to me, but I dont really have the time to do research for you.

THat the economy is turning around is a pretty widespread understanding I am sure you dont need me to find people who say this – it is the common understandning amongst almost all economists i have heard from over the past few weeks.

That the stimulus has played a part in this seems rather obvious to me, but there are actual arguments out ther making the case. As I said, I dont have the time to research it for you now. If you are having trouble find these things, maybe I can find the time to help you out over the next few days.

Sorry Gene, but this is just incoherent.
Since when does a beleif that things will get better equate to a denial that things are bad now??
You are making no sense whatsoever. Why would the administration even bother to be optimistic about the future if they didnt realize how bad things are now?

“Instead of cutting peoples taxes and fees”

Oh geez. Like maybe you managed to overlook the inconvenient fact that at least a third of the stimulus was tax cuts?

“to jump start the economy like Kennedy, Reagan and Bush did.”

Like Reagan did? Tell me dear Gene, when exactly did the recession under Reagan come to an end? How long did it take? What was the unemployment rate at its peak?
Why not be a stand up guy and give Obama at least something approximating the time that it took for things to get better under Reagan.

You are so funny. You apparantly don’t realize that to the extent this is true, that you have simply flipped along with the liberals (taking the opposite position both times, of course).

So either both you and these liberals are hypocrites, or neither. Can’t be one without the other.

“Christina Romer…proclaimed … that the stimulus package has saved “about 485,000 jobs” since February.”

“The following day, the Bureau of Labor Statistics reported that 247,000 Americans lost their jobs in July.”

Well, given that about 600,000 jobs a month, on average, were lost in the first four months of the year, and the loss has slowed to 247,000, I think there is a prima facie case right there that things are getting better.

I know this is all tricky and complicated and all, but employment really is the lagging statistic in a recovery, for lots of rather obvious reasons. Is there anything conceivable that Obama could have done differently to slow the unemployment picture quicker than he has?

Well, theroetically yes. But I guarantee you, absolutely, that all conservatives would have been opposed to such measures. Hell, you even opposed the stimulus for chirssakes, and now you think you have ANY STANDING whatsoever to complain that unemployment is still high???

Take your time. I am sure you will turn up some incredible evidence soon.

I’m saying that douchebag liberals like yourself have flip-flopped. I’m also saying that the liberals lied for 8 years trying desperately to convince Americans that we were in a depression. Now that we’re in one of their own making, we’re on the fast track to recovery.

Oooops. That was last months talking point. Events have outrun your spin. Time to find something new.

Really?

The economy continues shedding jobs, yet the administration keeps saying the president’s policies save jobs. Last Thursday, Christina Romer, chairwoman of the Council of Economic Advisers, proclaimed at the Economic Club of Washington that the stimulus package has saved “about 485,000 jobs” since February.

The following day, the Bureau of Labor Statistics reported that 247,000 Americans lost their jobs in July. What Team Obama says not only runs counter to the experience of ordinary Americans, it’s causing many to conclude that their White House is misleading them.

http://online.wsj.com/article/SB10001424052970203863204574346512956227346.html

Maybe you could find that evidence of the 485,000 jobs.

Thanks for answering my question as to who the “sober economists” are.

Remember what Tardo said. He doesn’t “see any, y’know, evidence” that the economy is anything other than unicorns and rainbows.

16.3% real unemployment… he doesn’t see it.

2 million jobs lost since DumDum’s inauguaration … he doesn’t see them.

Trillion dollar deficits stretching to 2020 and a doubling of the National Debt … he doesn’t see it.

Companies offshoring to escape the USA’s second-highest-in-the-industrialized world corporate tax rates and threats of card check and Draconian (but ineffective) Cap and Trade regulations? He doesn’t see it.

Unsustainable private debt now coupled with unsustainable public debt … he doesn’t see it.

I can see where the economy is looking a little better… like the way a credit-fueled spending binge can make someone appear affluent just before they file for bankruptcy. I haven’t seen anything that persuades me that this course of massive public spending and debt is sustainable.

Please direct us to one (1) study showing that any part of the stimulus package passed since Obama took office has had any positive effect on slowing the recession.

I am not asking you for anything showing that the recession has turned the corner. I merely want to read and review the data showing that anything Obama and the Democrat Congress has done has had any positive effect whatsoever.

May I suggest you buy it or not based on whether it makes sense, rather than whether people you disagree with bought something similar x years ago?
Or are you saying that the liberals during the Bush Administration convinced you that they were right to not buy it, so you are not buying it now?

“BTW, how many repos of Cash for Clunkers do you reckon will come in the next 3-4 months?”

I have no idea. I’ll guess – no more than the average level.

Lets rephrase that. The economy isn’t in freefall, so therefor it IS better. Since it was in freefall before.
Is the truth too “insensitive’ for you?

Or are trying to pretend that since Dems point out this fact, we are abandoning any further efforts to make things better.
Need I remind you that the big bolus of the stimulus is yet to come?

“Obamas stimulus pork package is a loser and hasn’t done a thing.’

Oooops. That was last months talking point. Events have outrun your spin. Time to find something new.

Says who?

It is a fact that responsible, sober economists are forecasting 2+% growth in the next quarter.

Who are these “sober economists”?

It is a fact that most all economists see things improving from here on out.

Citation Needed

Including the markets, which have gone up nearly 50% in the last 5 months – an almost unprecedented spurt of growth.

The liberals didn’t buy that during the Bush Administration, why should we buy it now? Especially considering Chairman Obama said that he doesn’t pay attention to the markets.

So, if these are “facts” you should have no problem backing up your claims, right?

BTW, how many repos of Cash for Clunkers do you reckon will come in the next 3-4 months?