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Obama says he beat 'vicious' economic downturn
AFP on Yahoo ^ | 7/9/10 | Stephen Collinson

Posted on 07/09/2010 10:41:49 AM PDT by NormsRevenge

LAS VEGAS, Nevada (AFP) – US President Barack Obama said Friday his policies had pulled America out of the most vicious economic dive since the 1930s, setting battle lines for mid-term elections in November.

Obama put the Republicans on notice he will vigorously defend his record, despite the fact many Americans do not yet feel the recovery he is touting, while economic data hints that the rebound may be slowing.

"Our first mission was to break the momentum of the deepest and most vicious recession since the Great Depression," Obama said in the gambling hub of Las Vegas, wrapping up a two-day campaign-style trip.

"We had to stop the freefall and get the economy and jobs growing again."

Obama used his appearance at the University of Nevada, Las Vegas, to call on Congress to invest five billion dollars more in tax credits for green energy manufacturing firms, part of his plan for an alternative energy revolution.

After a brutal year featuring prolonged high unemployment and bitter political battles, Democrats had hoped to be reaping the benefits by now of Obama's rescue policies.

But while the economy is posting solid growth and creating jobs again, the party has seen negligible political gains, with the jobless rate still at 9.5 percent, and confidence in the rebound ebbing.

If the economy dictates the course of elections, as usual, Obama and the Democrats could be in for trouble come November when all of the House of Representatives is up for grabs, along with a third of the Senate.

(Excerpt) Read more at news.yahoo.com ...


TOPICS: Breaking News; Business/Economy; Government; Politics/Elections
KEYWORDS: 2010electionbias; angle; bankingcrisis; beat; dnctalkingpoints; economicdownturn; emperornoclothes; emptysuit; lyingliar; obama; porkulus; pravdamedia; reid; stalinisttactics; stimulus; vicious
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To: NormsRevenge

Obama beats only one thing.


41 posted on 07/09/2010 11:02:02 AM PDT by beethovenfan (If Islam is the solution, the "problem" must be freedom.)
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To: 2 Kool 2 Be 4-Gotten
And the first lady does not have a large “caboose.”
42 posted on 07/09/2010 11:03:15 AM PDT by verity (Obama, the bullshit and rhetoric President)
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To: BenLurkin

That is one of those “circle flies” that circle horses’ @$$e$. Can’t fool them!


43 posted on 07/09/2010 11:03:19 AM PDT by Arrowhead1952 (Remember in November. Clean the house on Nov. 2. / Progressive is a PC word for liberal democrat.)
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To: HearMe

Start with the premise that many Americans are ignorant fools
- - - - - - - - - - - - -

Eighty percent of demorats ARE ignorant fools - just watch Jay Leno in his Jaywalking segment. These are the nutjobs that voted for his nothingness.


44 posted on 07/09/2010 11:03:38 AM PDT by New Jersey Realist (Congress doesn't care a damn about "we the people")
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To: NormsRevenge

From that angle you can clearly see the stress he is under to maintain his lies.


45 posted on 07/09/2010 11:05:09 AM PDT by boxerblues
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To: NormsRevenge

Shouldn’t that read: Obama says he CAUSED vicious economic downturn?


46 posted on 07/09/2010 11:08:18 AM PDT by bigredkitty1 (March 5,2010. Rest in peace, sweet boy. I will miss you, Big Red.)
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To: NormsRevenge
Obama says he beat 'vicious' economic downturn

Nevada has the highest "official" unemployment rate in the nation - 14%. I wonder how many people actually believe the lewd, crude, lying, kenyan usurper?

47 posted on 07/09/2010 11:08:34 AM PDT by The Sons of Liberty (The usurper 0bama regime is a "Clear and Present Danger" to AMERICA! - Mene, Mene, Tekel, Upharsin)
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To: NormsRevenge
Well, he's been living large, so I suppose in that sense...
48 posted on 07/09/2010 11:09:07 AM PDT by Madame Dufarge
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To: NormsRevenge

No Obozo, you have caused the economic downturn.

Obozo is lying scum.


49 posted on 07/09/2010 11:10:40 AM PDT by dforest
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To: NormsRevenge; ding_dong_daddy_from_dumas; stephenjohnbanker; DoughtyOne; FromLori; Gilbo_3; ...
RE :”Our first mission was to break the momentum of the deepest and most vicious recession since the Great Depression,” Obama said in the gambling hub of Las Vegas, wrapping up a two-day campaign-style trip. “We had to stop the freefall and get the economy and jobs growing again.

Economic Freefalls without government economic intervention result in bounces as lower costs provide a natural stimulus. Freefalls with governments running up huge debts to create expensive wasteful political oriented government jobs just keep the country in a suspended state of recession while creating inflation in some areas while others are deflating, a huge squeeze play on employers.

It was never explained to me why wasting lots of money on government directed consumption and threatening private sector job creators with the bill (only if they take risks and if they are successful) will encourage private sector job growth. How about raising the minimum wage right at the time of peak job loss? Worse yet states like Maryland actually raise the unemployment insurance payroll tax with increasing unemployment promoting more layoffs punishing new hiring. How could this ever work? It reminds me of ethanol.

50 posted on 07/09/2010 11:11:10 AM PDT by sickoflibs ( "It's not the taxes, the redistribution is the federal spending=tax delayed")
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To: roaddog727

Thankfully most people aren’t buying his lies.


51 posted on 07/09/2010 11:11:55 AM PDT by Blood of Tyrants (The US will not die with a whimper. It will die with thundering applause from the left.)
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To: NormsRevenge

ROTFLMAO

Alright, now it’s obvious that the only person he’s trying to convince is himself.


52 posted on 07/09/2010 11:14:16 AM PDT by RWB Patriot ("My ability is a value that must be purchased and I don't recognize anyone's need as a claim on me.")
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To: Blood of Tyrants

“Thankfully most people aren’t buying his lies.”

Not any more at least (Hopefully).


53 posted on 07/09/2010 11:14:36 AM PDT by roaddog727 (It's the Constitution, Stupid!)
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To: NormsRevenge

Ok then, SHOW ME THE JOBS!

There ARE no jobs. What few there are are being taken by Illegal Immigrants that Obama is protecting so vociferously.


54 posted on 07/09/2010 11:15:23 AM PDT by Danae (If Liberals were only moderately insane, they would be tollerable. Alas, such is not the case.)
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To: NormsRevenge

The Skittles Index is up sharply, and the Uniform Unicorn Report shows a 20% increase.


55 posted on 07/09/2010 11:15:59 AM PDT by Lazamataz (.... because, yes, I would.)
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To: NormsRevenge

The Skittles Index is up sharply, and the Uniform Unicorn Report shows a 20% increase.


56 posted on 07/09/2010 11:16:19 AM PDT by Lazamataz (.... because, yes, I would.)
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To: NormsRevenge

“.....Obama said Friday his policies had pulled America out of the most vicious economic dive since the 1930’s”

Brazen, outrageous, narcissistic, megalomiacal prevaricating demogoguery.


57 posted on 07/09/2010 11:16:29 AM PDT by corvus
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To: a fool in paradise

Obama is claiming credit for preventing something that no one can prove would have happened. The Republicans should do the same thing - claim Obama has prevented the greatest economic upturn this country has ever seen by not implementing across-the-board tax cuts. One avoided/missed future is at least as valid as another.


58 posted on 07/09/2010 11:17:15 AM PDT by Palestrina
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To: NormsRevenge

"Yeah! That's the ticket!"

59 posted on 07/09/2010 11:18:14 AM PDT by OB1kNOb (When all else fails one must, "Release the Kraken!")
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To: NormsRevenge

He plays on the strong delusion...he’s counting on it.


60 posted on 07/09/2010 11:19:06 AM PDT by anniegetyourgun
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