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Democrats Face Economic Facts: Updraft Unlikely
Wall Street Journal ^ | August 28, 2010 | By LAURA MECKLER

Posted on 08/28/2010 6:55:14 PM PDT by Son House

Congressional Democrats and the White House will continue their attempts to enact policies they believe will boost the economy—and which are also aimed at persuading voters they are working to make things better.

...And while the economic situation remained dire when President Barack Obama took office in January 2009, most Democrats assumed that the economy would rebound by the time they stood for office this year.

A series of disappointing economic reports has made clear that won't be the case. The most recent one came Friday, when the government reported that the economy grew at a much slower pace in the second quarter than previously estimated.

...In Washington, Democrats hope they will get credit for legislation aimed at helping small businesses, which they plan to consider in September. A Democratic House leadership aide said some lawmakers in the party would push for another spending bill to stimulate the economy, though he said other Democrats are likely to oppose such a move.

Some Democrats argue that they have known all along that the economy would not have rebounded by now.

Sen. Robert Menendez (D., N.J.), who leads the committee working to elect Democrats to the Senate, said there was no way Democrats could completely turn around the economy in two years.

"I would have loved to have a better economic picture, but it is what it is," he said. "I didn't have great expectations."

(Excerpt) Read more at online.wsj.com ...


TOPICS: Business/Economy; Front Page News; News/Current Events; Politics/Elections
KEYWORDS: democrats; economic; face; facts; obamacare; recoverysummer; reparations
Democrats gambled on Keynesian economic theory, and have conned Americans it was working for almost 2 years. You elected Democrats only wish your economic recovery was as good as the Bush Tax Cuts;

http://taxesandgrowth.ncpa.org/news/are-the-bush-tax-cuts-working

2003 and 2004 economic growth levels surpassed Congressional Budget Office (CBO) estimates by 150 basis combined, resulting in $300 billion of additional growth, which is roughly $2,500 per household.

Employment, Jobs, and Productivity4

Though job creation was slow immediately following the recession and during the first stages of the recovery, it had increased dramatically by late 2002 and 2003.

1.4 million jobs were added in the nine months after August 2003 (the 2003 tax cuts were signed into law in late May 2003).

The unemployment rate remained steady at 5.6 percent in May 2004, well below its peak of 6.3 percent a year ago.

The Treasury Department estimates that without the tax relief, as many as 1.5 million more Americans would be out of work right now, and the unemployment rate would be well over 7 percent.
1 posted on 08/28/2010 6:55:16 PM PDT by Son House
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To: Son House
Statement from Walz’s(D-Mn) congressional office

http://www.bluestemprairie.com/a_bluestem_prairie/2009/01/walz-votes-for-stimulus-bill.html

This legislation will create and save 3 to 4 million jobs,

...with 75% spent in the first 18 months.

Experts say more than 90 percent of the jobs created will be in the private sector.” added Walz.

2 posted on 08/28/2010 6:58:39 PM PDT by Son House (Like Getting Liposuction, and Coming Out Fatter. Time to Convict Democrats of Economic Malpractice.)
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To: Son House
Senator Amy Klobuchar D-Mn

http://klobuchar.senate.gov/inthenews_detail.cfm?id=309042&

“In the nation, this bill will provide 3.5 million jobs in the next two years,” said Klobuchar,

...“Ninety percent of them will be in the private sector,” she said. .


3 posted on 08/28/2010 6:59:46 PM PDT by Son House (Like Getting Liposuction, and Coming Out Fatter. Time to Convict Democrats of Economic Malpractice.)
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To: Son House

Things that cause updrafts:

....opening the economic doors in a strong stealing wind
....burning money in barrels
....standing too close to the El Capitan of debt
....flying Fortress America into the wind sheer of Soros/Gore/Strong corruption
....thinking an experimental ultra-light Leftist can lead.


4 posted on 08/28/2010 7:03:46 PM PDT by combat_boots (The Lion of Judah cometh. Hallelujah. Gloria Patri, Filio et Spiritui Sancto.)
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To: Son House
This legislation will create and save 3 to 4 million jobs...

Any time the phrase "and saved" is used near "created jobs", the whole statement goes in one ear and out the other of ANYbody with even a lick of economic sense. These clowns just don't get it when they use these two concepts together they are just creating more of a conservative landslide this November.

5 posted on 08/28/2010 7:04:03 PM PDT by C210N (0bama, Making the world safe for Marxism)
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To: Son House

6 posted on 08/28/2010 7:10:19 PM PDT by bigbob
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To: bigbob

Liberalism failed.
The stimulous failed.
The bank bailouts failed.
Fed intervention failed.
0bamacare failed.
Deficit spending failed.

Debt is deflationary. It kills home prices. It kills jobs. It kills stocks.

Run up more debt and the economy will fail even faster.


7 posted on 08/28/2010 7:17:43 PM PDT by Southack (Media Bias means that Castro won't be punished for Cuban war crimes against Black Angolans in Africa)
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To: Southack
Run up more debt and the economy will fail even faster.

I do believe that's the plan.

8 posted on 08/28/2010 7:19:37 PM PDT by Lurker (The avalanche has begun. The pebbles no longer have a vote.)
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To: Son House

This is all just so completely unexpected.


9 posted on 08/28/2010 7:39:35 PM PDT by comebacknewt
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To: Son House

FlashBack 2006: Are the Bush Tax Cuts Working?[1.4 million Jobs the Nine Months After August 2003]

http://www.freerepublic.com/focus/f-news/2364667/posts

In the third quarter of 2003, GDP grew at a 7.2 percent annual rate.

2003 and 2004 economic growth levels surpassed Congressional Budget Office (CBO) estimates by 150 basis combined, resulting in $300 billion of additional growth, which is roughly $2,500 per household.


10 posted on 08/28/2010 7:39:54 PM PDT by Son House (Like Getting Liposuction, and Coming Out Fatter. Time to Convict Democrats of Economic Malpractice.)
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To: Son House

Their agenda has nothing to do with boosting our economy.


11 posted on 08/28/2010 7:50:09 PM PDT by freekitty (Give me back my conservative vote; then find me a real conservative to vote for)
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To: Son House
Iman Barrack "Hoover" Osama
...he keeps giving and giving.
(ahhh....taking & taking. :)

12 posted on 08/28/2010 7:51:43 PM PDT by skinkinthegrass (Zer0 to the voters: "Here's my DeathCARE Plan"...now....just die (quicky), please. :^)
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To: bigbob
...here's another graph.

13 posted on 08/28/2010 7:54:52 PM PDT by skinkinthegrass (Zer0 to the voters: "Here's my DeathCARE Plan"...now....just die (quicky), please. :^)
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To: Lurker
I do believe that's the plan.

yhea...Cloward-Priven strategy
...National Suicide (Political / Social-economic Bankruptcy)
..its a (relatively painless softer) approach to Marxist Revolution.


14 posted on 08/28/2010 8:10:01 PM PDT by skinkinthegrass (Zer0 to the voters: "Here's my DeathCARE Plan"...now....just die (quicky), please. :^)
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To: Son House
Some Democrats argue that they have known all along that the economy would not have rebounded by now.

Any Republican could have told you in 2008 that if Obama was elected, the economy would tank and not rebound. Except maybe John McCain.
15 posted on 08/29/2010 4:37:57 AM PDT by Question Liberal Authority (Worst. Post-Racial President. EVER.)
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To: Son House
Sen. Robert Menendez (D., N.J.), who leads the committee working to elect Democrats to the Senate, said there was no way Democrats could completely turn around the economy in two years.

A new theme is emerging from the Democrats: "No we can't."

16 posted on 08/29/2010 4:49:59 AM PDT by Senator_Blutarski
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To: Senator_Blutarski

A new theme is emerging from the Democrats: “Yes, we’re toast.”


17 posted on 08/29/2010 4:52:05 AM PDT by samtheman
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To: Son House

The words "double dip" come to mind for some reason.

18 posted on 08/29/2010 4:21:26 PM PDT by rdl6989 (January 20, 2013- The end of an error.)
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To: combat_boots

Zer0’s ultra-light ended up crashed in the ditch.


19 posted on 08/30/2010 3:18:30 AM PDT by Paladin2
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To: rdl6989

"Aloha."

20 posted on 08/30/2010 4:34:45 AM PDT by Liz
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To: All
Sen Boob Menendez (D-NJ) leads the Senate Dem election committee. "I would have loved to have a better economic picture..." he says.

QUESTION Where do Menendez’ loyalties lie? When Menendez was under fire for using his elected office to get taxpayer money for a facility he owned and rented, Menendez took refuge in the Dominican Republic, giving news interviews in Spanish. (Probably also visited his tax-free bank accounts).

QUESTION Where does Menendez get campaign funds? If Menendez is a paid agent of a foreign government, he should be subjected to US laws.

CONFLICT OF INTEREST ANYONE? Menendez is connected to a lucrative lobbying group run by his girlfriend (a former aide he divorced his wife for). Menendez' lobbying group could easily facilitate sub rosa payments from foreign governments.

BACKSTORY Raids at meat-packing plants across America found workers were illegal aliens using stolen or forged documents. The Rubashkins' Iowa plant even had a working meth lab. How convenient...and lucrative.... for the drug cartels.

Meat-packing companies claimed they didn't know the people they hired were illegal; that‘s when our govt came up with E-verify program.

Sen Menendez (D-NJ) opposes the e-Verify program. Menendez has a bill to stop these raids, claiming they "violate the rights of Americans of Hispanic descent" who can't produce a birth certificate or other documents to prove who they are.

Most Americans are required to prove to state govt they are legal Americans just to renew driver's licenses---or to get a passport----by coming up with several pieces of ID to prove who they are; some Americans have to pay to get new docs and make long trips to get the required docs. But Sen Menendez doesn't worry about OUR rights.

ITEM Sen “Reconquista Menendez opposes the e-Verify program. Menendez has a bill to stop these raids, claiming they “violate the rights of Americans of Hispanic descent” who can’t produce a birth certificate or other documents to prove who they are. “ NOTE: Americans of Hispanic descent should be able to easily prove US citizenship.

ITEM Has Menendez looked into the Mexican military running drugs across the border into the US?

21 posted on 08/30/2010 4:46:18 AM PDT by Liz
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To: Liz

He reminds me of this.

22 posted on 08/30/2010 8:31:42 PM PDT by rdl6989 (January 20, 2013- The end of an error.)
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