Skip to comments.Barack Obama says jobs bill could avert recession
Posted on 10/08/2011 2:15:18 PM PDT by ColdOne
President Barack Obama in his weekly radio and TV address said his jobs bill can help prevent another recession.
The White House has said repeatedly that it doesnt think a so-called double dip downturn is likely. Obama appeared to suggest in his speech made public on Saturday that such an event could occur if his jobs plan isnt approved by Congress.
The challenges facing financial markets around the world could have very real effects on our own economy at a time when its already fragile, Obama warned. But this jobs bill can help guard against another downturn here in America.
(Excerpt) Read more at politico.com ...
“Barack Obama says jobs bill could avert recession”
Then he took a deep breath and also said pigs could fly.
If Nobama outlawed every csar, the EPA, the NEA, and any arm that worked without the authority of congress, I’m on board.
Yea, we already know that practically everything that comes out of his mouth is a lie. So, what has changed?
I have read the bill and it is worse than you think. I never read the first one but this is just one more big giveaway program for his supporters. You can see my decoding of it here (http://www.examiner.com/political-buzz-in-new-york/the-american-jobs-act-decoded-1 )
Caution: some people might call it just a blog. I would post the whole thing but not as a reply.
Should be called the snow jobs bill.
Said that the last time & the time before that, how many saps are there still out there that believe this idiot?
It could also avert a real recovery, winter, the common cold, an outbreak of swine flu in California, skiing in Colorado, raising the dead, raising the Titanic, raising cain, rain in Ethiopia, and Obama getting re-elected.
In February 2008 Barron’s Business Weekly-—editor Gene Epstein wrote a column entitled “A slowdown, not a recession”, claiming that the Democrats were hyping the anticipated and desired slowdown in an election year for political gain.
He said that lower prices would drive a recovery before recession, UNLESS Bernanke pulled a Greenspan and lowered interest rates too far.
The rest is history: Democrats capitalized on the media-hyped slowdown by sending out stimulus checks in an election year so they could get credit for avoiding the recession———but the hype turned into a panic after the fiscal stimulus combined with the Fed rate cuts and massive monetary stimulus-—to drive oil to $150 a barrel—and the price of gas at the pump almost to $4. This destroyed Bush and turned Mainstreet angry and scared———then the crash followed the stimulus.
When the markets realized that the stimulus didn’t work-—the price of gas fell to $1.60-—until Bernanke cut interest rates to zero and Washington began its “print and spend/borrow and spend economics on a large scale to drag the economy down with rising gas and food prices against falling income and rising unemployment.
This is a recession that should NOT have happened and honest and informed voices attested to it before it happened.
This is why some Republicans I know really hate President Bush-——for being unlike his father in how he handled the Savings and Loan crisis. Bush signed the stimulus checks bill, he let the price of gas go up instead of selling oil from the SPR-—and he got scared into bailouts—worst including AIG—which deserved to get punished for pushing those credit default swaps as insurance. Bush’s father took us through the Savings and Loan crisis with class and averted a depression without tooting his own horn—at a time when he got no help from Greenspan-who kept interest rates high for most of it.
Obama wants credit for averting a depression——that shouldn’t even have become a recession if not for the damage done by all that needless stimulus.
Another bill that ‘must be passed so the voters can see what is in it’???