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There Are No Longer Any Excuses For Obamanomics
Forbes ^ | November 17, 2011 | Peter Ferrara

Posted on 11/18/2011 10:34:35 PM PST by 2ndDivisionVet

The history of America’s recessions is provided at the website of the National Bureau of Economic Research (NBER). Before this last recession, since the Great Depression recessions in America have lasted an average of 10 months, with the longest previously lasting 16 months. Yet here we are 47 months after the last recession started, and we still have no real recovery.

Instead, unemployment has been stuck at 9% or above for the longest period since the Great Depression. Unemployment for blacks has remained over 15% for over 2 years, with Hispanic unemployment stuck well into double digits over that time as well. Teenage unemployment has persisted at nearly 25%, with black teenage unemployment still nearly 40%.

The U6 unemployment rate, reflecting all of the unemployed still wanting work and the underemployed who can’t get full time work, is still 16.2%. That includes an army of the unemployed or underemployed of over 26 million Americans. And that still doesn’t fully count the millions of Americans who have given up and dropped out of the work force altogether....

(Excerpt) Read more at forbes.com ...


TOPICS: Business/Economy; News/Current Events; Politics/Elections
KEYWORDS: barackhusseinobama; bholegacy; economy; fundamental; maobama; obama; obamanomics; recession; transformation; unemployment
It has to be on purpose.
1 posted on 11/18/2011 10:34:42 PM PST by 2ndDivisionVet
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To: 2ndDivisionVet

I’m from the gov’t and I’m here to make your life miserable.


2 posted on 11/18/2011 10:36:57 PM PST by vbmoneyspender
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To: 2ndDivisionVet

No, it’s fine.... Oprah said so.


3 posted on 11/18/2011 10:40:17 PM PST by Bullish (Recovery won't begin until Obama loses HIS job.)
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To: 2ndDivisionVet

The disconnect between Obama and the American public is irreparable. Obama knows his economics plans have destroyed our economy; his fans either agree with his methods (to create a ‘fairer system’ from the ashes) or are ignorant of his goals and make excuses—Bush’s fault, it’s a bigger problem than anyone can be blamed for, blah blah blah.

Either way, even his supporters know he is lying when he touts his success. That’s demoralizing. To an electoral bloc that’s all about emotion, that could be the key to his defeat more than anything any Republican does.


4 posted on 11/18/2011 10:45:17 PM PST by Darkwolf377 (Obama: The stupid person`s idea of a smart person.)
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To: Darkwolf377
Either way, even his supporters know he is lying when he touts his success. That’s demoralizing. To an electoral bloc that’s all about emotion, that could be the key to his defeat more than anything any Republican does.

I think you're dreaming. As you say, it's all about emotion. If they feel demoralized, they'll just double down.

5 posted on 11/18/2011 10:51:55 PM PST by dr_lew
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To: 2ndDivisionVet

The comments at the site, btw, are pretty funny. Obama and FDR are awesome, Reagan’s economy was horrendous.


6 posted on 11/18/2011 10:52:03 PM PST by Darkwolf377 (Obama: The stupid person`s idea of a smart person.)
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To: All
FRIDAY NIGHT AT FREE REPUBLIC!

KEEP OUR LIGHTS ON!

Please Donate!!

FReepathon Day 49!!


7 posted on 11/18/2011 11:08:50 PM PST by onyx (PLEASE SUPPORT FREE REPUBLIC BY DONATING NOW! Sarah's New Ping List - tell me if you want on it.)
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To: CPT Clay

You and I were just discussing this very thing:

“...unemployment has been stuck at 9% or above for the longest period since the Great Depression. Unemployment for blacks has remained over 15% for over 2 years, with Hispanic unemployment stuck well into double digits over that time as well. Teenage unemployment has persisted at nearly 25%, with black teenage unemployment still nearly 40%.”


8 posted on 11/18/2011 11:23:03 PM PST by Windflier (To anger a conservative, tell him a lie. To anger a liberal, tell him the truth.)
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To: Darkwolf377
Obama knows his economics plans have destroyed our economy

I'm not so sure he does. The man's an abject Marxist, and a true believer in Socialist dogma. He's also in WAY over his head. I seriously doubt that he truly understands the full extent of the catastrophe that his economic policies have created.

He knows that the economy is in real trouble, but I believe that he doesn't realize the true source of it. In his mind, we're not borrowing and spending enough to create Utopia.

9 posted on 11/18/2011 11:39:57 PM PST by Windflier (To anger a conservative, tell him a lie. To anger a liberal, tell him the truth.)
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To: 2ndDivisionVet

Obamanomics is Stupidnomics


10 posted on 11/18/2011 11:46:49 PM PST by HiTech RedNeck (bloodwashed not whitewashed)
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To: Windflier

You mean that even Barack himself might be a Useful Idiot?


11 posted on 11/18/2011 11:47:32 PM PST by HiTech RedNeck (bloodwashed not whitewashed)
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To: Windflier

I disagree with you. He isn’t a true Marxist.

I can see inside the SOB’s head, as I’ve been doing it for nearly four years now. He was raised by Marxists but he is, in his soul, a Muslim.

He hates America and Americans, particularly white Jewish and Christian Americans. He wants to see this nation’s demise and will use any means, any human being, to achieve his end - a Caliphate. He will do anything to achieve that end for world-wide domination by Islam.


12 posted on 11/19/2011 12:06:43 AM PST by SatinDoll (NO FOREIGN NATIONALS AS U.S.A. PRESIDENT)
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To: Windflier
Obama knows his economics plans have destroyed our economy

0bambi chanelling Sir Winston Churchill:

Winnie to the war cabinet: Number 1 priority is to destroy the Nazi oil refining and distribution networks.

Follow up with destruction of manufacturing capacity, starting with the ball bearing factories.

13 posted on 11/19/2011 12:11:14 AM PST by spokeshave (Cain....100% American, 100% Black and 100% for the Constitution...999 an added benefit.)
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To: 2ndDivisionVet

The truth is no matter who we elect, we are screwed.

Obama has set us up the bomb.

Prepare for the worst.
There is a reason this asshat legislated that none of his stuff kicked in till 2014.

He plans to be down the road with the loot.


14 posted on 11/19/2011 12:17:05 AM PST by mylife (The Roar Of The Masses Could Be Farts)
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To: SatinDoll

By George, I think you’ve got it!

Now..the question is...what do we do about it? Wait around until next year, assuming we have the luxury of waiting that long...and assuming that we actually DO have another election?


15 posted on 11/19/2011 12:28:07 AM PST by XenaLee (The only good commie is a dead commie.)
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We were whining about his birth status while he was screwing us.

Now we have a fine line of his stacked Supreme Court, and We have our own folks sniping at each other in the primary’s while we are oblivious to the shortcomings of votes in the senate.


16 posted on 11/19/2011 12:28:07 AM PST by mylife (The Roar Of The Masses Could Be Farts)
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To: SatinDoll

Obama is a Chicago mobster.
He has no ideology.


17 posted on 11/19/2011 12:31:45 AM PST by mylife (The Roar Of The Masses Could Be Farts)
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To: All

Do yall recall when they rolled up 104+ NY mobsters?

That wasn’t because Eric Holder was a stand up guy.
That was the Chicago mob moving in on the NY mob


18 posted on 11/19/2011 12:37:08 AM PST by mylife (The Roar Of The Masses Could Be Farts)
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To: mylife

LOL!

He uses everybody, including the mobsters.


19 posted on 11/19/2011 12:38:49 AM PST by SatinDoll (NO FOREIGN NATIONALS AS U.S.A. PRESIDENT)
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To: SatinDoll

Dig this...
One week after Jimmy Hoffa Jr calls us SOBs while campaigning for Obama.
Owango stabs Hoffa, and the Teamsters in the back by passing a law that allows Mexican long haul truckers to compete with the teamsters.

This SOB is evil.


20 posted on 11/19/2011 12:44:42 AM PST by mylife (The Roar Of The Masses Could Be Farts)
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To: mylife

Most truckers are non union.


21 posted on 11/19/2011 2:03:52 AM PST by Blado (2008: Year Zero of the Zombie Apocalypse.)
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To: 2ndDivisionVet
Sorry everyone, but economies based on deficits and debt and providing lavish entitlements, cannot survive. Governments who promise services they cannot fund without borrowing have been lying for 50 years. It's the basic mathematics of exponential growth.

There is only one solution:

EVERY SINGLE PUBLIC SERVICE that citizens demand must be paid for within the current year's tax revenues. There is no other way out.

So, say goodbye to Social Security and Medicare. They are, quite simply, impossible to implement.

22 posted on 11/19/2011 2:29:35 AM PST by CanaGuy (P.M. Steven Harper: We gave you a majority, now get busy!)
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To: SatinDoll

“He hates America and Americans, particularly white Jewish and Christian Americans.”

The fact that this is now widely believed poses a huge challenge for him in 2012; recent stories about Israel and the defunding of many Catholic Charities programs (on top of the “gay marriage” attacks on Judeo-Christian values) are going to cost him.


23 posted on 11/19/2011 3:07:34 AM PST by kearnyirish2
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To: mylife

“The truth is no matter who we elect, we are screwed.”

Probably true.

“There is a reason this asshat legislated that none of his stuff kicked in till 2014. He plans to be down the road with the loot.”

I’ve maintained for some time now that Obama’s acting as though he already lost the election; his latest comments indicating Americans brought this doom upon themselves reinforces that view in my eyes.


24 posted on 11/19/2011 3:12:11 AM PST by kearnyirish2
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To: 2ndDivisionVet

Of course it is.
The day that clown bowed to the king of Saudi showed the world just what/who he was.

Ban all new energy unless it’s “green”, have a Gulf spill and send all the deep water rigs away, ban pipelines, give all political cronies “loans” by printing money. There will be no cheap oil/energy for this country - his foreign handlers have decreed.

How else would this talentless usurper rise from obscurity with no track record in such a short time????

Culturally he is not an American - yet the dupes and useful idiots will vote for this incompetent once again.


25 posted on 11/19/2011 3:58:25 AM PST by LFOD (Formerly - Iraq, Afgahnistan - back home in Dixie.)
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To: 2ndDivisionVet

“It has to be on purpose.....”

Bingo!!! there is an evil walking amongst us no one cares to discuss or acknowledge....


26 posted on 11/19/2011 4:35:45 AM PST by mo
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To: 2ndDivisionVet
Unemployment for blacks has remained over 15% for over 2 years...

And yet they support the POS. What does that say about racism in this country?

27 posted on 11/19/2011 5:04:42 AM PST by OldPossum
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To: 2ndDivisionVet

Tt’s all George W. Bush’s fault/sarc.


28 posted on 11/19/2011 5:35:58 AM PST by ReformationFan
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To: 2ndDivisionVet


29 posted on 11/19/2011 6:09:58 AM PST by Chode (American Hedonist - *DTOM* -ww- NO Pity for the LAZY)
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To: Windflier

Obama had a lot to work with when he started, and now that there’s even less private sector he only wants more “revenue”taxes) which will depress the private sector more, even MSNBC should be able to follow the logic...


30 posted on 11/19/2011 6:44:09 AM PST by Son House (The Economic Boom Heard Around The World => TEA Party 2012)
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To: 2ndDivisionVet

More state run media logic: Unemployment claims are down, so there are more jobs and the private sector is recovering.


31 posted on 11/19/2011 6:47:30 AM PST by Son House (The Economic Boom Heard Around The World => TEA Party 2012)
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To: Blado

Probably so. Still Obamas actions are killing American jobs.


32 posted on 11/19/2011 7:38:12 AM PST by mylife (The Roar Of The Masses Could Be Farts)
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To: 2ndDivisionVet

Since when were Socialists in the business of making excuses? It’s ALWAYS YOUR fault and the correct remedy, of course, is ALWAYS MORE GOVERNMENT. We’d like you to disappear altogether, get it? Just send us all your money every month.


33 posted on 11/19/2011 7:54:18 AM PST by PapaNew
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To: 2ndDivisionVet

The economic crisis was created by government and is now being sustained by government. Gov meddlers basically ruin everything under the guise of “fairness.”


34 posted on 11/19/2011 8:03:52 AM PST by driftless2
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To: HiTech RedNeck
You mean that even Barack himself might be a Useful Idiot?

Well, when it comes to idiots, Barry's in a class all by himself. He's not just 'useful', he's indispensable to those who pull his strings.

35 posted on 11/19/2011 8:33:22 AM PST by Windflier (To anger a conservative, tell him a lie. To anger a liberal, tell him the truth.)
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To: SatinDoll
I can see inside the SOB’s head, as I’ve been doing it for nearly four years now. He was raised by Marxists but he is, in his soul, a Muslim.

You should know by now that the best liberals have the greatest ability to hold two or more conflicting ideas in their heads simultaneously. Obama is a Muslim and he's a Marxist (though I don't believe those two ideologies conflict all that much).

36 posted on 11/19/2011 8:42:12 AM PST by Windflier (To anger a conservative, tell him a lie. To anger a liberal, tell him the truth.)
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To: mylife

Truer words have never been spoken.


37 posted on 11/19/2011 8:45:33 AM PST by MontaniSemperLiberi (Moutaineers are Always Free)
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To: spokeshave
0bambi chanelling Sir Winston Churchill

"Under my plan, electricity prices will necessarily skyrocket."

"Coal operators can open new plants, but they'll probably go bankrupt under our rules."

38 posted on 11/19/2011 8:49:12 AM PST by Windflier (To anger a conservative, tell him a lie. To anger a liberal, tell him the truth.)
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To: Son House
Obama had a lot to work with when he started, and now that there’s even less private sector he only wants more “revenue”taxes) which will depress the private sector more

Not according to his leftist way of thinking, which is why he and the Dims continue to push their destructive policies. They're incapable of linking cause to effect. When they do assign cause for some effect (good or bad), they always, always, always, assign the wrong cause.

True believers like Obama will continue to force their unworkable solutions on the people, until the society crumbles. At that point (and true to their Marxist form), they'll blame someone or something else for the failures of their ideas.

39 posted on 11/19/2011 8:59:28 AM PST by Windflier (To anger a conservative, tell him a lie. To anger a liberal, tell him the truth.)
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To: 2ndDivisionVet

“It has to be on purpose.”

IF ignorance of economics, and a perspective of reality wrapped up in fantasy is “purpose”, then I suppose so.

These people are, simply put deranged.

The vast amount of wealth that supports these Leftist misfits must be purchasing their wealth management from sane resources as they play Marxist with their friends.

They can’t be gaining all that wealth doing what they profess.


40 posted on 11/19/2011 9:08:18 AM PST by rockinqsranch (Dems, Libs, Socialists, call 'em what you will, they ALL have fairies livin' in their trees.)
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To: 2ndDivisionVet

You should teach high school for a living. There’s always an excuse.

Of course, I expect a 15-year-old to express lame rationales for not doing his job. Having government officials do the same thing is frightening to watch.


41 posted on 11/19/2011 9:42:03 AM PST by redpoll
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To: 2ndDivisionVet

It is the PLAN.

Destroy the economic system then turn the anger onto Americans (group by group) starting with the the Class Envy/Warfare part.


42 posted on 11/19/2011 10:34:28 AM PST by R0CK3T
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To: Bullish

lol. Oprah is not just 1%.... Oprah is 1... as in probably had the highest income of anyone in the country in 2010...

lol

Of course she’s just fine...


43 posted on 11/19/2011 11:15:24 AM PST by GeronL (The Right to Life came before the Right to Pursue Happiness)
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To: 2ndDivisionVet

It was idiocy from the get-go. Those who knew even a smattering of economics and history knew it was idiocy from the get-go and said so. Now it’s been proven to be idiocy for the very reasons that those who said it was idiocy said it was idiocy, and this is big news.


44 posted on 11/19/2011 11:53:25 AM PST by Eleutheria5 (End the occupation. Annex today.)
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To: Chode
Photobucket
45 posted on 11/19/2011 1:22:08 PM PST by EGPWS (Trust in God, question everyone else)
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To: Darkwolf377
It defies any semblance of reason or logic. They openly admit that this is the worst economy since the Great Depression as gauged by the time it is taking for us to enter a period of recovery. As the article points out, it has been 47 months now, and we still have double-digit underemployment. FDR's New Deal II would drive unemployment above 20% in 1938 - almost a decade after the 1929 crash. Yet these leftists can't seem to grasp the fact that the policies of these two men are what caused that recovery to be unnecessarily delayed.

The biggest lesson to be learned from the Great Depression is this - without exception, every single policy that FDR enacted failed miserably at jumpstarting a recovery. From January 1933 until Dec 7, 1941 marked an era of epic fail for the same policies that are being enacted now.

46 posted on 11/19/2011 1:37:21 PM PST by Hoodat (Because they do not change, Therefore they do not fear God. -Psalm 55:19-)
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To: EGPWS
yup...
47 posted on 11/19/2011 1:41:36 PM PST by Chode (American Hedonist - *DTOM* -ww- NO Pity for the LAZY)
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To: 2ndDivisionVet

Many made the point even before The Won was elected that his primary goal would be to turn this country into a third-world socialist dungheap.

In his mind, his term in office has been a rousing success.


48 posted on 11/19/2011 6:18:46 PM PST by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
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