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Obama: I reversed recession until 'bad luck' hit
washingtonexaminer.com ^ | August 15, 2011 | Byron York

Posted on 08/15/2011 4:40:47 PM PDT by Free ThinkerNY

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."

(Excerpt) Read more at campaign2012.washingtonexaminer.com ...


TOPICS: Politics
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To: Free ThinkerNY

Oh yeah E kept the county safe from all attacks , how many have we had since the f hole took office , 4 or 5


81 posted on 08/15/2011 7:08:30 PM PDT by Deetes (God Bless the Troops)
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To: Free ThinkerNY

Oh yeah E kept the county safe from all attacks , how many have we had since the f hole took office , 4 or 5


82 posted on 08/15/2011 7:08:30 PM PDT by Deetes (God Bless the Troops)
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To: Free ThinkerNY
Obama listed three events overseas -- the Arab Spring uprisings, the tsunami in Japan, and the European debt crises -- which set the economy back.

The Arab Spring didn't do anything to the U.S. economy. Our problems with the middle east are no bigger or smaller than the word OPEC. Some rioting college kids aren't to be blamed for U.S. economic woes. NEXT.

The tsumami in Japan? Ehh, slowed Japan down a bit. Nothing that would really be crippling the U.S., though. They'll bounce back, but our problems aren't overly tied to it. NEXT.

The European debt crisis is a major problem, because it's systemic, not transient. Obama is right, in that this is a major problem he did not create.

That said, he didn't create it, but in abject ideological stupidity, he's emulating it. It's easy to say, 'My property values are dropping because my deadbeat neighbor is a junkie.'. I'd be sympathetic to that argument with any person who made it, unless they had a needle dangling out of their own arm. You can't shoot up on entitlements and then expect to blame someone else.

Obama can try, but Obama is a junkie. The fact that the junkies next door hit rock bottom first ain't nothing to be considered. He's leading us down the very same path. So, of all his points, this is the only valid one, and it's damming beyond belief.

83 posted on 08/15/2011 7:15:56 PM PDT by Steel Wolf ("Few men desire liberty; most men wish only for a just master." - Gaius Sallustius Crispus)
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To: Free ThinkerNY
"Throughout history, poverty is the normal condition of man. Advances which permit this norm to be exceeded — here and there, now and then — are the work of an extremely small minority, frequently despised, often condemned, and almost always opposed by all right-thinking people. Whenever this tiny minority is kept from creating, or (as sometimes happens) is driven out of a society, the people then slip back into abject poverty. This is known as "bad luck."

- Robert A. Heinlein.

84 posted on 08/15/2011 7:36:21 PM PDT by Pollster1 (Natural born citizen of the USA, with the birth certificate to prove it)
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To: Free ThinkerNY

how big was this crowd I wonder


85 posted on 08/15/2011 7:46:37 PM PDT by markman46 (engage brain before using keyboard!!!)
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To: Free ThinkerNY
THE GREAT OBAMA DEPRESSION

“How-w-w-DEE-E-E-E!” if this old Geezer on a fixed income can contribute to keep FREE REPUBLIC OPERATING so can you.

You won't even miss the 25 or 50 cents you put in a FR Change Jar daily, but at the end of the month you will have at least $5 to donate so FR can operate smoothly, or you will moan and grown and go into withdrawal when it is down, because of broken parts, or over loaded servers during crisis events. And every day 0 remains in office is a crisis.

To donate click here

86 posted on 08/16/2011 7:22:27 AM PDT by GailA (Any congress critter who fails to keep faith with the Military, will NOT keep faith with YOU!)
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