Liberals not pleased with Obama

Scott,

Your comparisons are laughable.
Bush had 8 years of time to show us he was worth something.. he Failed!

I am not unhappy with Obama at all.

Real American Patriot.

How about just one blaring example of the President’s hypocrisy. Just one. And perhaps you can realize he is not the end-all-be-all president but just another politician.

President Obama campaigned on a number of promises. However, the one recurring theme was the politics of fear. He lambasted, as still does, former President Bush for using 9/11. However, the irony is lost on him. He has been on the bully pulpit around his economic package. Read this quote and tell me if it is not fear mongering:

And if nothing is done, this recession might linger for years. Our nation will sink deeper into a crisis that, at some point, we may not be able to reverse. By now, it’s clear to everyone that we have inherited an economic crisis as deep and dire as any since the days of the Great Depression.
– President Obama

Is that not fear mongering. To say we could slip into a crisis so severe we would never be able to work our way out of it? To say, without action, we are doomed to enter another Great Depression?

While he states all of this, I have evidence that his stimulus plan has been tried twice. Once under President Roosevelt. You might want to think about his politics of fear in the “Princes of Greed” speech. Many economists believe he stretched that recession for 7 more years due to his policies.

But, let’s look at something more recent. Japan’s Lost Decade. Here’s an excerpt from the Bloomberg article:

“Japan’s rural areas have been paved over and filled in with roads, dams and other big infrastructure projects, the legacy of trillions of dollars spent to lift the economy from a severe downturn caused by the bursting of a real estate bubble in the late 1980s. During those nearly two decades, Japan accumulated the largest public debt in the developed world”, totaling 180 percent of its $5.5 trillion economy, “while failing to generate a convincing recovery.

But I guess we can’t really discuss reality around the likes of Obama supporters who see nothing but a conspiracy against the object of their affection.

I want to give him a chance. He is giving us change, but in the end, I think that’s all we’ll have. Change. No money.

Broken promises? From a politician? Well, who didn’t see that coming a mile away? Oh, I guess the answer to the last question is all those people that voted for Obama, but those of us that live in the real world kinda figured you can’t trust any politician – regardless of the rhetoric.

Sheesh, why do people have the nerve to act surprised about Obama? Did they really buy that crap about “a new kind of politics” and “change”? Eesh!

Bush had 8 years of time to show us he was worth something.. he Failed!

Yeah, doing major damage to AQ? That’s nothing to be proud of. Establishing democracy in an Arab nation? That’s nothing to be proud of. Allowing Israel to do what needed to be done and, therefore, strengthening ties with our principal Middle East ally? That’s nothing to be proud of.

Sarcasm? What’s that mean?

He also voted for Al Franken. Nuff said?

My favorite part is when Obie bashes Bush about the deficits when he (Obie) voted FOR $700 billion of it himself.

To be fair, what Obama and the Dems are saying is that the same folks who doubled the Federal debt from 5 to 10 trillion dollars shouldn’t be lecturing us on running a deficit.

The hypocrisy of the newly converted.

It’s an entirely fair point.

- Larry Weisenthal/Huntington Beach, CA

@openid.aol.com/runnswim:

One comment which is ridiculous is that the New Deal “prolonged the Depression by 7 years.” Given that Roosevelt didn’t take office until 1933 and economists peg the end of the Depression as the 1939 ramp up for war, that’s mathematically impossible (the 7 year “prolongation”).

You’ll have to argue with these economists about that one Larry.

Two UCLA economists say they have figured out why the Great Depression dragged on for almost 15 years, and they blame a suspect previously thought to be beyond reproach: President Franklin D. Roosevelt.

After scrutinizing Roosevelt’s record for four years, Harold L. Cole and Lee E. Ohanian conclude in a new study that New Deal policies signed into law 71 years ago thwarted economic recovery for seven long years.

Here’s more:

Such often-stated claims are incorrect. Misguided federal policies caused the downturn that began in 1929, and they prevented the economy from fully recovering for a decade. Policy blunders by the Federal Reserve, Congress, and Presidents Herbert Hoover and Roosevelt battered the economy on many fronts. The events of the 1930s influence economic
policymaking today. Many people think that we need a big government to prevent, or to reverse, recessions. But the 1930s illustrate that activist policies increase, not decrease, economic instability. Government interventions reduce the flexibility that markets need to adjust to shocks and return to growth.

Robert Higgs, of the Independent Institute, talks with EconTalk host Russ Roberts about the Great Depression, the New Deal, and the effect of World War II on the American economy. Using survey results, financial data, and the pattern of investment in the 1930s, Higgs argues that New Deal policies created a climate of uncertainty that prolonged the Great Depression. Using consumption data, he argues that prosperity did not return during wartime, but rather after the war when government intervention in the economy subsided.

So, there we have several economists expressing the same opinion that the New Deal extended the Great Depression.

Unlike the author of your source, I am unwilling to simply toss a TRILLION dollars down a rat hole using our “best guess” as to whether it will work or not.

No economy in the history of the world has ever spent its’ way out of a recession.

It’s never happened.

Final update, 4:04pm, post bill signing.

Yeah, the stock market is really feeling stimulated.

I’m totally pissed over the incredible amount of debt Washington just dumped on us, our children, grandcildren etc.. They did not have to pass this expensive of a bill. This is not stimulus, it’s total fiscal irresponsibility. They are screwing future generations with political pork, pet projects, and a plethera of wasteful spending. just so they can bypass the regular budget process, all in the name of “Stimulus” And the MSM just pats us on the head.

Hell Obama and the Democrats haven’t even figured out where they are going to get the money to pay for this boondoggle. At least the costs for the Iraq war were stretched out over a decade. And you can bet that this won’t be the only unfunded spending bill the Democrat controlled Congress and White House will pass. How are we going to pay for this?! What if they cant fund it?

IMO, If the founding fathers were alive today, they would be organizing a new revolution.