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A Failed Presidency -- The American Problem
Yahoo ^ | 8/6/11 | John Mariotti - Forbes

Posted on 08/07/2011 9:13:14 PM PDT by NormsRevenge

Few Americans needed Standard & Poor to confirm the mismanagement of the United States government and its finances. The downgrading of American credit will raise interest rates on America’s huge debt and ultimately on all Americans. Popular polls say that most Americans blame Congress—but that’s too simplistic. As much as Barack Obama would like to shift that blame onto Congress, the fault lies squarely on the shoulders of President. It is first and foremost a leadership problem that is crippling America—and the leader is President Barack Obama—not the many members of Congress.

No matter how many speeches he makes, the conclusion is clear: Obama’s greatest failure is spending America into enormous deficits, and being clueless about how to get the economy to recover. His speeches, riddled with “I” and “We” are mostly serving to indict him for his failings. Appearing on TV more than any other sitting president, Barack Obama is constantly “explaining” why things aren’t working, when he should be working on what to do different and better.

Instead he is “campaigning,” which is the only thing he knows how to do reasonable well. But he can’t fix the economy; he has neither the experience nor the knowhow to do it. His failed, misguided policies have only exacerbated the size of his mistakes and shortcomings.

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


TOPICS: Business/Economy; Editorial; Government; Politics/Elections
KEYWORDS: american; debt; failed; obama; presidency; problem
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Happy Birthday Mr. President. You have accomplished something no other president has done. You’ve spent America into a hole that will take a decade to fix, and kept more Americans out of work longer than anyone in recent history, and you’ve accomplished all this in record time, only 2-1/2 years. Who knows how much harm you can do given still more time.
1 posted on 08/07/2011 9:13:17 PM PDT by NormsRevenge
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some will be forever indebted to Obama..

most will be in debt forever due to Obama..


2 posted on 08/07/2011 9:16:22 PM PDT by NormsRevenge (Semper Fi ... Godspeed .. Monthly Donor Onboard .. Obama: Epic Fail or Bust!!!)
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To: NormsRevenge

And yet, he’s going to be defeated in a landslide, go out waving to his adoring fans, and retire a millionaire to a life of golf, books, and speechifying. What a country!


3 posted on 08/07/2011 9:17:30 PM PDT by bigbob
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To: NormsRevenge

People who say this guy is incompetent are blind. He’s doing exactly what he intended to do, destroy this country. In fact, I’ll bet he’s watching Fox, so he can get the truth, and laughing his ass off.


4 posted on 08/07/2011 9:18:14 PM PDT by Terry Mross (I'll only vote for a SECOND party.)
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To: NormsRevenge

he’ll still be in office for ~17 months.


5 posted on 08/07/2011 9:19:31 PM PDT by ken21 (ruling class dem + rino progressives -- destroying america for 150 years.)
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To: NormsRevenge

Obama: We're Not Even Halfway There Yet

''It's been a long, tough journey. But we have made some incredible strides together. But... as much as good as we have done... we're not even halfway there yet. When I said 'change we can believe in' I didn't say 'change we can believe in tomorrow.' Not change we can believe in next week. We knew this was going to take time because we've got this big, messy, tough democracy,'' President Obama said in Chicago on Wednesday night, August 3, 2011.

The US Treasury Department came out on August 5, 2011, with its Debt Position and Activity Report for July. The news is bleak.

With the additional $238 billion the Treasury immediately borrowed when the debt ceiling was raised on August 2, total current debt now exceeds the US GDP for 2010! (GDP in 2010 was $14.5265 trillion.)

As of July 31, 2011, our debt totaled $14.342 trillion. That was made up of $9.756 trillion held by the public and $4.587 trillion the government owes itself -- intergovernmental borrowing, largely from the Social Security and Medicare trust funds to the general fund. With the Treasury's additional borrowings of $238 billion (the largest one-day bump in history) the total of all debt outstanding has now increased to $14.5807 trillion. That's $54.2 billion more than the 2010 U.S. GDP, the last year for which we have final estimates on GDP from the U.S. Department of Commerce.

That increase now puts the government close to the new debt limit of $14.694 trillion, It ate up 60% of the $400 billion in space Congress granted the president on Aug. 2.

Through accounting 'tricks,' Treasury held the nation under the $14.29 trillion 'ceiling' since reaching that figure on May 16, 2011, while lawmakers debated about how to add more debt and annual deficits.

The Republican House had the power to say no to upping the legal debt limit. What a bunch of traitorous scum. They handing over $2 trillion in debt with nothing in return (well, maybe fictitious cuts)... disgusting.

With the latest borrowing, the US joined a small group of red ink countries whose public debt exceeds GDP, including Japan (229 percent), Greece (152 percent), Jamaica (137 percent), Lebanon (134 percent), Italy (120 percent), Ireland (114 percent) and Iceland (103 percent), according to figures provided by the International Monetary Fund.

Barack 'Jackwagon' Hussein and his administration's next goal will be to exceed 200%!

DebtCheck5
Crushing Debt!
By the time the election comes around, we will have a debt hovering at $16 trillion. And if Zer0 isn't stopped, the GDP will continue to head lower. We may well be at the 150% mark by then.

Yes Jackwagon Obama has been an outstanding Marxist president.

We have now run out of other people's money.

Happy Ramadan You Eff'n Commie


6 posted on 08/07/2011 9:19:53 PM PDT by BobP (The piss-stream media - Never to be watched again in my house)
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To: Terry Mross

Exactly. Laughing his *ss off while giving the finger to the USA and partying. His intent all along is in full swing - Jeremiah Wright’s ‘God damn America’ in action.


7 posted on 08/07/2011 9:26:59 PM PDT by presently no screen name
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To: NormsRevenge

>>some will be forever indebted to Obama..

most will be in debt forever due to Obama..<<

If mine wasn’t in use, I would turn that into a tagline!


8 posted on 08/07/2011 9:32:20 PM PDT by freedumb2003 (Herman Cain 2012)
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Now what we need here, folks, is another White House Hip Hop Bar-Be-Que-—yessirree, take off those shoes of yours and let’s go boogie in the rose garden.


9 posted on 08/07/2011 9:34:40 PM PDT by worriedinoregon
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To: NormsRevenge
Obama will go down in history as the most reviled president ever. It will be a black eye for Democrats, Harvard, blacks, affirmative action, unions, in short, anything and everything that was ever associated with this mediocre charlatan.
10 posted on 08/07/2011 9:36:21 PM PDT by oldbrowser (They're socialists don't call them liberals)
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To: NormsRevenge

I will never forgive, The Human Crap that Voted for this Bastard EVER!


11 posted on 08/07/2011 9:36:58 PM PDT by Cheetahcat ( November 4 2008 ,A date that will live in Infamy.)
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To: NormsRevenge
Actually, I hesitate to believe that this is, by Obama's standards, a failed presidency. He did promise a "fundamental transformation of the United States of America," after all.

We all knew his vision for the nation included creating a higher dependence on government while managing a decline of America's power. It's time to stop pretending that this mess is unintended.

12 posted on 08/07/2011 9:38:31 PM PDT by SaveTheChief
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To: NormsRevenge
Obama inherited a AAA rating, Axelrod. Your guy screwed the pooch with his/your crappy spending. You purposely grew the public sector instead of the private sector. Obama/you have spent $5 Trillion and we don't even have a new bridge to show for it.

When Clinton left office, the debt to GDP ratio was 57%. When Bush left office (eight years later), the ratio was 69%. After 2.5 years of the Obama-Axelrod/Mugabe Rule the ratio is 97%.

The Senate has not had a budget for more than 800+ days. Obama, after being warned by the rating agencies proposed such an irresponsible budget that it was voted down by the Reid Senate by 97-0.

Obama’s best buddies, Pelosie and Reid have had control of the House and Senate from January 1 2007. He and his fellow Democrats have been in control of the purse for 4+ years now.

The Repubs have had the House for just 7 months now. They have passed the Ryan bill which Obama attacked ferociously. The House passed the CC&B bill that was tabled by the Senate and was declared DOA by Obama. How is this fiscal mess the Republicans’ fault?

OBAMA/Axelrod = EPIC FAIL

13 posted on 08/07/2011 9:39:50 PM PDT by Chgogal (WSJ, Krauthammer, Rove et. al., STFU. Thank you.)
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To: NormsRevenge

When the author talks about the 2008 election, I think he must mean the 2010 election (when Obama was already in office and able to offer bribes to people not to run in a primary race).


14 posted on 08/07/2011 9:42:17 PM PDT by Verginius Rufus
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To: oldbrowser
...that was ever associated with this mediocre charlatan.

Mediocre?!

He's a first-rate AAA-rated charlatan!

Er, make that AA+-rated charlatan.

15 posted on 08/07/2011 9:45:37 PM PDT by Flycatcher (God speaks to us, through the supernal lightness of birds, in a special type of poetry.)
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To: NormsRevenge

That is what happens when many on the right were snookered by the maim stream press and stayed home, not supporting anyone besides Obama for president. I remember reading comments on this forum by those who were adamant that America should be punished because their PERFECT candidate did not get the nomination for president. Well you folks know who you are and yes now all of us no matter how innocent are being punished because of the lack of support for our candidates. Tonight on Fox, the two tea Party leaders said that instead of punishing those who voted for the house bill for compromise THEY should not be punished for doing so as they had no other alternative. Stay home this next election or give no support to the party candidate because he or she is a dog and we are surely to lose our America forever.


16 posted on 08/07/2011 9:46:33 PM PDT by OKIEDOC (I would rather be hung with a few brave conservatives than live a lifetime with cowardly liberals.)
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To: bigbob
And yet, he’s going to be defeated in a landslide, go out waving to his adoring fans, and retire a millionaire to a life of golf, books, and speechifying. What a country!

Let's hope.

17 posted on 08/07/2011 9:51:02 PM PDT by RobinOfKingston (The instinct toward liberalism is located in the part of the brain called the rectal lobe.)
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To: RobinOfKingston
And yet, he’s going to be defeated in a landslide, go out waving to his adoring fans, and retire a millionaire to a life of golf, books, and speechifying. What a country!

Can't wait to see who he pardons on his last night in the WH.

18 posted on 08/07/2011 9:56:52 PM PDT by Steely Tom (Obama goes on long after the thrill of Obama is gone)
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To: BobP

"...when faced with the greatest economic crisis, the greatest levels of economic inequality, and the greatest levels of corporate influence on politics since the Depression, Barack Obama stared into the eyes of history and chose to avert his gaze. Instead of indicting the people whose recklessness wrecked the economy, he put them in charge of it." - Drew Westen, New York Times

19 posted on 08/07/2011 9:57:45 PM PDT by Baynative (If the government was in charge of the desert , we'd soon have a shortage of sand.)
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To: NormsRevenge

Unfortunately, most people take this question non-serious. The problem is that this President has taken us way beyond problematic to whoa, what the heck. He has the wrong upbringing, wrong attitude, wrong ideas, and will continue to destroy the American Spirit.

The only way to stop this is 2012 and it must include both the Senate and the Presidency. Without this total control, I doubt that much of anything can be done...

Long live our minimal freedoms, such as they are...


20 posted on 08/07/2011 10:06:36 PM PDT by Deagle
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To: Cheetahcat

I agree. Anyone that voted for this POS is a person I care not to associate with.


21 posted on 08/07/2011 10:07:05 PM PDT by lone star annie
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To: lone star annie

“I agree. Anyone that voted for this POS is a person I care not to associate with.”

Exactly!


22 posted on 08/07/2011 10:17:10 PM PDT by Cheetahcat ( November 4 2008 ,A date that will live in Infamy.)
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To: NormsRevenge
His speeches, riddled with “I” and “We” are mostly serving to indict him for his failings

The author forgot to mention, "It turns out we found out that things were far worse in 2008 than even we realized....." which beings just about every recent speech.

23 posted on 08/07/2011 10:19:25 PM PDT by mlocher (Is it time to cash in before I am taxed out?)
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To: Cheetahcat

I wish they could be stripped of their voting rights. I hold anyone who voted for this bastard directly responsible for the destruction of this country.


24 posted on 08/07/2011 10:25:43 PM PDT by Newton ('No arsenal is so formidable as the will and moral courage of free men and women.' -Ronald Reagan)
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To: Flycatcher

ObamAA+


25 posted on 08/07/2011 10:27:51 PM PDT by LyinLibs (All moslems are somewhere on the killing-you spectrum)
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To: Steely Tom
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ And yet, he’s going to be defeated in a landslide, go out waving to his adoring fans, and retire a millionaire to a life of golf, books, and speechifying. What a country! Can't wait to see who he pardons on his last night in the WH. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

prolly the cop-killer in Philly.

26 posted on 08/07/2011 10:33:49 PM PDT by Studebaker Hawk (These geeks are a dime-a-dozen. I'm looking for the man with the dimes. Freddy Blassy)
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To: Terry Mross

Isn’t it possible to be both incompetent AND evil? In a way, incompetence is the most effective evil of all.


27 posted on 08/07/2011 10:37:05 PM PDT by Mach9
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To: Newton

“I wish they could be stripped of their voting rights. I hold anyone who voted for this bastard directly responsible for the destruction of this country.”

They are the most damaging segment of the population, in the history of the country.


28 posted on 08/07/2011 10:47:24 PM PDT by Cheetahcat ( November 4 2008 ,A date that will live in Infamy.)
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To: Steely Tom

“Can’t wait to see who he pardons on his last night in the WH.”

____________________________

Should be quite interesting.


29 posted on 08/07/2011 10:47:56 PM PDT by proud American in Canada (To paraphrase Sarah Palin: "I love when the liberals get all wee-wee'd up.")
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To: NormsRevenge

Remember, it was the “Republican” Peggy Noonans, David Brooks, David Gergens, Colon (sic) Powells, John McCains, etc., who all supported this guy.


30 posted on 08/07/2011 10:57:18 PM PDT by oldbill
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To: bigbob

He cannot wait to become the new Jimmy Carter...an imbecile, ridiculous, preachy ex-president living off the national dole for decades...being arrogant and telling the world how it should live.


31 posted on 08/07/2011 11:08:37 PM PDT by Scott from the Left Coast
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To: Chgogal

Probably not thought anyone here wants to hear...because complacency delivers upsets...but after this, Obama cannot win re-election. Even this is plain enough for the foolish American voters to understand - it is unprecedented. He’s done...Hillary has to be calculating...


32 posted on 08/07/2011 11:13:09 PM PDT by Scott from the Left Coast
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To: NormsRevenge
When faced with his party’s impending losses in 2008 elections, Obama dispatched Rahm Emmanuel to attempt buying-off candidates in the 2008 primaries with a promise of high-level jobs, a legally questionable practice at best, and unethical one at worst.
When faced with his party’s impending losses in 2008 elections, Obama dispatched Rahm Emmanuel to attempt buying-off to buy off candidates in the 2008 primaries with a promise of high-level jobs - an unethical and legally questionable practice at best.
Not to be a grammar policeman, but this article steps on some good points with weak writing.

33 posted on 08/08/2011 12:50:21 AM PDT by conservatism_IS_compassion (DRAFT PALIN)
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To: bigbob

We have our second black prez setting out to retire like the first.


34 posted on 08/08/2011 12:55:34 AM PDT by antceecee (Bless us Father.. have mercy on us and protect us from evil.)
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To: antceecee
hØssein is mulatto

/nitpick

35 posted on 08/08/2011 1:36:30 AM PDT by tomkat (Sarah '12)
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To: worriedinoregon
To quote malik zulu shabazz, "Michelle and the girls should leave this nigger"...and America should join them.


36 posted on 08/08/2011 3:42:14 AM PDT by USS Alaska (Nuke the terrorist savages.)
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To: NormsRevenge

Before this American economic disaster is fully delivered, the stooges of Obama will deny they ever knew the guy.


37 posted on 08/08/2011 3:59:27 AM PDT by NoControllingLegalAuthority (Where is the middle ground on insolvency of the United States government?)
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To: USS Alaska

A large jet plane crashed on a farm in the middle of rural Kentucky.

Panic stricken, the local sheriff mobilized and descended on the farm in force. By the time they got there, the aircraft was totally destroyed with only a burned hull left smoldering in a tree line that bordered the farm.

The sheriff and his men entered the smoking mess but could find no remains of anyone.

They spotted a farmer plowing a field not too far away as if nothing had happened. They hurried over to the man’s tractor.

“Hank!!” the sheriff yelled, panting and out of breath.

“Did you see this terrible accident happen?”

“Yep. Sure did,” the farmer mumbled unconcerned, cutting off the tractor’s engine.

“Do you realize that is Air Force One, the airplane of the President
of the United States?”

“Yep.”

“Were there any survivors?”

“Nope. They’s all kilt straight out,” the farmer answered. “I done buried them all myself. Took me most of the morning.”

“President Obama is dead?” the sheriff asked.

“Well,” the farmer grumbled, restarting his tractor.“He kept a-saying he wasn’t. But you know how bad that sumbitch lies.”

Alright, so that wasn’t all that amusing. Given the grim seriousness of the situation I’ll grant that a bit of levity IS warrented; here’s something to cheer you up: http://pajamasmedia.com/victordavishanson/our-ten-trillion-dollar-man/

Enjoy.


38 posted on 08/08/2011 4:08:35 AM PDT by raygun (http://bastiat.org/en/the_law DOT html)
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http://pajamasmedia.com/victordavishanson/our-ten-trillion-dollar-man/

LOL.

That WAS amusing I got the URL wrong, eh?


39 posted on 08/08/2011 4:11:54 AM PDT by raygun (http://bastiat.org/en/the_law DOT html)
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To: NoControllingLegalAuthority

You’re wrong.

They’ll become violent concerning how WRONG Bush was.


40 posted on 08/08/2011 4:13:09 AM PDT by raygun (http://bastiat.org/en/the_law DOT html)
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To: OKIEDOC

“...not be punished for doing so as they had no other alternative.”

BS!

Stop the liberal lies.

The alternative was clear.

Pass no bill authorizing an increase in spending above receipts (aka balanced budget). Failing that the Gov shuts down. Just like Reagan did in the 80’s and a Conservative Republican Congress did in the 90s.

Government shut down was the alternative.

I suspect those “TEA party leaders” were anything but.


41 posted on 08/08/2011 5:00:22 AM PDT by Justa
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To: NormsRevenge

Jimmy Carter will be forever indebted to Obama..


42 posted on 08/08/2011 5:04:53 AM PDT by reefdiver ("Let His day's be few And another takes His office")
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To: NormsRevenge; Impy; fieldmarshaldj; AuH2ORepublican; BillyBoy

“For Barack Obama’s first 18 months, and occasionally even today, he and his loyalists try to place the lion’s share of the blame for America’s problems with George W. Bush. There is little doubt that Bush erred seriously on several counts...Bush’s mistakes were clearly serious errors, but they pale in comparison with Obama’s failures since he took office.”

Well-put. That’s why we shouldn’t try to have a third President Bush as the nominee (Rick Perry).


43 posted on 08/08/2011 5:17:43 AM PDT by Clintonfatigued (Illegal aliens collect welfare checks that Americans won't collect)
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To: NormsRevenge

Yes the 20 years of listening to G-d damn America!, did not go unheeded.


44 posted on 08/08/2011 5:23:59 AM PDT by Freddd (NoPA ngineers.)
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To: raygun

Later


45 posted on 08/08/2011 6:04:34 AM PDT by I_be_tc
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To: NormsRevenge

Under our system, it’s not failure if the American people call it “success.”


46 posted on 08/08/2011 7:09:58 AM PDT by Theodore R.
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To: oldbill

You left out the children of Richard M. Nixon and William F. Buckley, Jr.


47 posted on 08/08/2011 7:12:15 AM PDT by Theodore R.
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To: Cheetahcat

They are all over northern VA.


48 posted on 08/08/2011 7:14:38 AM PDT by Theodore R.
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To: NormsRevenge

You may not see how tens of millions of uninformed Americans rally to this man. They are true believers in his brand of secularism.


49 posted on 08/08/2011 7:19:04 AM PDT by Theodore R.
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To: Theodore R.

“You left out the children of Richard M. Nixon and William F. Buckley, Jr.”

That’s why the “etc” - there were too many RINOs to list.


50 posted on 08/08/2011 8:27:00 AM PDT by oldbill
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