A Defense of Obamanomics

Wall Street Journal ^ | 03/09/09 | Laura Tyson

[LifeComesFirst]

If leadership is defined as recognizing a crisis, addressing its challenges, and setting new directions while remaining true to one's values, then Barack Obama is already demonstrating his strengths as a leader. He has inherited an economic crisis worse than any the nation has experienced since the Great Depression. Within fewer than 50 days in office he has signed a historic stimulus package to bolster demand and create 3.5 million jobs. Governors, business leaders and economists from both the left and the right have applauded the stimulus. Friday's distressing employment numbers indicate that much more may be needed.

[LifeComesFirst]

There's a lot to criticize here, but the biggest issue is that she ignores Obama's plan to effectively raise the top marginal tax rate to %56 via social security taxation.

[tommyboy]

http://en.wikipedia.org/wiki/Laura_Tyson

[Need4Truth]

Obama does not understand or appears to not understand the mammoth size of a global credit bubble that is now collapsing.

He, Humpty Dumpty and all the kings donkeys cannot blow the bubble bigger again.

Nor does Obama understand or appear to understand the globull warming hoax. Thus he proposes the huge crap and trade tax.

[Adder]

“If leadership is defined as recognizing a crisis, addressing its challenges, and setting new directions while remaining true to one’s values, then Barack Obama is already demonstrating his strengths as a leader.”

Who wrote this? Karl Marx?

No need to read further.

[Jimmy Valentine]

Read the Wiki on her. Just as I thought she is a big government, state control advocate who was in Billy Blythe Clinton's first administration as an economic advisor.

She probably has a Communist Party card with a single digit membership number.

[Doogle]

more kool aid ma'am?

[wmileo]

This is the same Laura Tyson who used to work for Clinton. Her family owns Tyson Chicken. There was some scandal about her relationship to the Clinton White House regarding the status of her family business. Tyson Chicken was also accused of false advertising regarding the use of Anabolic steroids in their product.

In other works, she is a slug!

[kb2614]

Oh, President Unicorn and his Politboro know exactly what they’re doing. Its called “never let a crisis go to waste”. Tank the markets, destroy the credit, loot the wealth, & usher in Marxism.

[Daveinyork]

does anyone but me notice that Laura Tyson talks like Joan Rivers, and makes less sense?

[Galactica]

he has signed a historic stimulus package to bolster demand and create 3.5 million jobs.

That is creat or SAVE 3.5 million jobs. MSM trying to bolster the one again.

[anoldafvet]

It may be obvious, but where’s the BARF ALERT?

[LifeComesFirst]

I didn’t think of it as barf alert worthy. I disagreed with it, but if you thought that was bad, read something by Krugman.

[AlexW]

I first read this and wondered what has happened to the WSJ.

Then I saw who wrote it.
No longer will I trust the WSJ.

[DB]

Well...

By her definition of “leadership” Hitler and Stalin were great leaders...

It is just that outcome thing she leaves out...

[D-fendr]

Well, duh. She [Tyson] is a member of President Obama's Economic Recovery Advisory Board.

Might as well call it a "defense of my economics."

[ETL]

Obamanomics 101

Obama is simply trying to make stocks more affordable for the 'disenfranchised'. For example, even his broke-*ss brother in Kenya can now afford (barely) to buy shares in Sh*tiGroup. He couldn't do that under George Bush!

5-year Dow chart:
http://finance.yahoo.com/echarts?s=^DJI#chart1:symbol=^dji;range=5y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

1-day Dow chart (real-time updating):
http://finance.yahoo.com/echarts?s=^DJI#chart1:symbol=^dji;range=1d;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
______________________________________________________

Barack Obama's 'lost' brother found in Kenya

George Hussein Onyango Obama,
Senator Barack Obama's long lost
brother was tracked down living in
a hut on the outskirts of Nairobi

Senator Barack Obama's long lost brother has been tracked down for the first time living in a shanty town in Kenya, reports claimed

Mr Obama, 26, the youngest of the presidential candidate's half-brothers, spoke for the first time about his life, which could not be more different than that of the Democratic contender.

"No-one knows who I am", he told the magazine, before claiming: "I live here on less than a dollar a month."

http://www.telegraph.co.uk/news/newstopics/uselection2008/barackobama/2590614/Barack-Obamas-lost-brother-found-in-Kenya.html

[FormerACLUmember]

“It’s Bush’s fault” no longer cuts it, you lying (expletive deleted).

[mosaicwolf]

I usually ignore posts with the courtesy “Barf Alert”. This time I got fooled! I read two full sentences before realizing I just ate breakfast.

[palmer]

A majority of Americans would agree with her (unfortunately).

[PBRSTREETGANG]

Obama is heaping burdens on business and job creators as the country is teetering on depression.

He is simply purposefully destroying this country.