Posted on 01/16/2010 3:32:06 PM PST by reaganaut1
President Obama is a slow learner. For all his brainpower, he’s saddled himself with three ideas about the economy and job creation that aren’t working, either substantively or politically. And he appears to be too ideologically rigid or stubborn to consider the evidence and jettison the failed ideas.
Instead, he puts himself in embarrassing situations. On the day the Labor Department announced the unemployment rate was stuck at 10 percent and 85,000 jobs had been lost in December, Obama insisted he continues “to explore every avenue to accelerate the return to hiring.” So what did he propose? Tax credits totaling $2.3 billion to create “green jobs” and a second stimulus package of $150 billion (the first one, enacted 11 months ago, cost $787 billion). This is more of the same.
Cristina Romer, the chairman of Obama’s Council of Economic Advisers, managed to out-embarrass the president. Last week, she sandwiched her highly improbable claim that the administration’s stimulus had created or “saved” 1.5 million to 2 million jobs between an Associated Press finding that $20 billion in stimulus funds for roads and bridges had failed to reduce the unemployment rate anywhere and a Labor Department announcement of a rise in new claims for jobless benefits.
The first of Obama’s failed ideas is that government spending is the most effective method of stimulating the economy, spurring strong growth, and generating new jobs. The president needs to chat with Harvard economists Alberto Alesina and Silvia Ardagna on this subject. They studied dozens of examples of economic stimulation between 1970 and 2007 in 21 countries, including the United States.
Their findings are unequivocal. “Fiscal stimuli based upon tax cuts are more likely to increase growth than those based on spending increases,” they wrote in a paper revised and published last October.
(Excerpt) Read more at weeklystandard.com ...
Slow learners? How about the chuckleheads who voted the guy in the first place?
"Three sir, three!"
O’s voters were sure he had a big stash that he was going to share with them. Pay their auto loans, their mortgages, their health care, etc.
So far all they’ve gotten is the shaft.
What is Barnes talking about. Hasn’t Obama created or saved 500 million jobs?
He’s not a slow learner, Fred. He doesn’t care if unemployment is 20%. He’s a communist and all they care about is who has the top job.
Slow learner? How about having such dogmatic delusions that he can’t even begin to usnderstand reality.
I just posted this analysis of what just the health care bill is going to do to low and middle income families:
http://www.freerepublic.com/focus/f-chat/2430112/posts
And that is just health care. We still have crap n’ tax on the horizon, and the other hidden tax increases, like for anyone using banking, and whatever other kinds of stuff they’ve done that hasn’t made thhe news.
Massive tax and spend is not going to get us where we want to be economically, only make things far worse and there doesn’t seem to be any sign of letting up.
I stopped right there.
What brain power?
The teleprompter brain power?
The guy can't think on his feet. If 0bama has ‘brain power” he has been very successful at hiding it. Fred Barnes has stayed in Washington too damn long.
Create jobs? How?
How about this: Since America is not on a level playing field with China for manufacturing due to their artificial currency value, as well as their complete lack of environmental standards, we should impose tariffs on them for the environment.
As long as China does not meet the same standards of environmental protection that American firms must meet, they should have to have costs added to ANY product that enters the US market.
By adding these costs to Chinese goods, they lose their unfair advantage. Then we will see manufacturing come back to our shores, and the millions of jobs that come with them.
Fair trade. Not FREE TRADE.
Please, stop with the ‘brainpower’ meme. The man is not all that brilliant. He just poses as being so.
Obama is basically a 3D version of Max Headroom
Obama’s goal is to preside over the death of capitalism. Nothing more or less. He could care less about creating jobs.
The inescapable conclusion is that he doesn't want to create jobs. He doesn't want a recovering economy. He doesn't want America to be prosperous.
Instead, Obama (and his handlers) want to see the middle class destroyed. That's the crucial step in creating a socialist utopia. And a totalitarian society.
There is nothing slow about this person. He is presto changing the country in record time, just as he intended to. That change just does not include business as usual in America.
HERE ARE JUST A FDW OF OBAMA’S CHANGES FOR AMERICA. COPY THE FOLLOWING LINK AND SEND IT TO EVERY9ONE YOU KNOW.
http://www.youtube.com/watch?v=HcBaSP31Be8
PLEASE PARDON THE CAPS. I CAN SEE THEM BETTER.
When it comes to job creation, obama is stuck on stupid. Other countries are emerging from the global recession. We’re still reporting as good news ....”we only lost 400,000 jobs this month... When are the numbers going to be in the plus column? obama’s policies have prolonged the recession.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.