Posted on 09/02/2012 10:47:58 AM PDT by NormsRevenge
Republican presidential candidate Mitt Romney, with a number of Bay Area executives, economists and campaign contributors in his corner, has made it quite clear he'll be campaigning almost exclusively on the sitting president's handling of the economy.
.. let's get straight to the points where, in my humble opinion, Obama is vulnerable.
-- "Misunderestimation": In Vice President Biden's words, "we misread how bad the economy was." That is, they misread how deep the recession went, the extent to which its roots preceded the Bush administration and how long the recovery would take.
-- Too little: The $787 billion stimulus package in 2009 wasn't nearly big enough. "The administration - and I count myself in this - didn't fight hard enough. I wish we had made a much stronger case for doing more," UC Berkeley economics professor Christina Romer, ..
...
-- Lost focus: Bruce Bartlett, a Republican staffer in Ronald Reagan's White House who voted for Obama in 2008, put it this way in Friday's Financial Times:
"I believe Mr. Obama made a fatal error when he switched his attention from the economy to health reform. He should have focused like a laser on the economy .. . ..
Bartlett said that's one reason why he probably won't be voting for Obama this November. Another .. "Obama has no plan to get America back to work again."
That simply is not true. Whether they would have worked or not, Obama has offered lots of plans, including most recently his American Jobs Act,..
But, like most of Obama's other plans, it was shot down by opponents determined, as Senate Minority Leader Mitch McConnell, R-Ky., openly admitted right after Obama was elected, to deny him a second term at whatever cost - including, it turned out, a near U.S. debt default.
(Excerpt) Read more at sfgate.com ...
mistakes?
They were deliberate.
deliberate, premeditated and intentional....
What a load of crap. Obama got his stimulus. He got his Obamacare. He got his increased regulation. He rammed through his war on fossil fuels through the EPA. Bernanke has been doing all he can to artificially keep interest rates low. This economy is, and has been, Obama's baby.
Yep. O.ne B.ad A.$$ M.istake A.lright
Stimulus? Giving money to your cronies or to broke municipalities doesn’t stimulate the private sector @sshats! Meanwhile back in reality... everyone is still broke.
mistakes?
The correct word is “sabotage”.
yep. He wanted to bankrupt the coal industry and said skyrocketing electricity prices were necessarily part of his plan.
They were not mistakes. This a-hole kenyan did it with a grin on his face.
The truth in 2 replies.
Everytime I see one of these types of headline, I always read to see how long it takes for someone to say, "Nuh uhhh" and all too often the damned thread can go 20 or more replies before someone posts the obvious, or I post it.
Thanx, GeronL
Thank you Mitch! (and whoever stopped that clock)
Americans’ income is down around 8%. Plus food and energy prices are way way up because of the actions of the government. Maybe the American people should understand that when they elect politicians that want to punish economic success, they are also talking about you. Obama promised to bankrupt the coal industry and said skyrocketing (HIS word) electric rates will “necessarily skyrocket” and with ethonol and other agro policies and energy prices, food prices have been pushed higher. This all happened because of government policy to punish the “rich” and it’s everyone else who feels the blow. The real “rich” have been given a trillion dollar bailout and hefty subsidies that YOU pay for. So while success (YOURS) is being punished and trampled, the government gives away your money to subsidies failed and worthless ventures run by their allies.
Obama is the mistake, and it shows in the economy. It shows in everything he has done.
bump
by making coal dirty he has made America uncompetetive. Do the Chinese, Indians or any other developing economy care about the use of coal? NO. But for us, we have to shift demand and supply structures, ultimately dumping the demand onto other resources... driving up costs and dumping them on EVERY man woman and child.
Now they want to throw another anchor chain around our necks and call it “stimulus” again.
Mr. Barack Know-It-All didn’t underestimate anything - he made the economy what it is.
He made the recession worse by intentionally pursuing policies that did nothing to help the economy.
How was sending billions in stimulus to foreign banks and firms supposed to help Americans?
How did blowing billions on inefficient “green” start up firms help anyone other than Obama’s cronies?
He’s not only a fraud. He is a lying, cheating crook.
That is what I think also.
bump
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