From Linda, her rightwing talking points and utter absurdity has my heart rate up and my blood pressure at the boiling point!!
The Failure of Obamanomics
Time to Admit Obamanomics Has Failed
Washington Examiner
Editorial
August 8, 2010
"Chairwoman of the White House Council of Economic Advisers Christina Romer is retiring during one of the worst economic downturns our country has experienced. (Gerald Herbert/AP file)
It's no coincidence that Christina Romer, chairwoman of the White House Council of Economic Advisers, announced her retirement the day before Friday's brutal unemployment report. With 131,000 more jobs lost in July, and downward revisions of 97,000 for the previous two months, it's easy to see why she would start looking for the exits.
Romer is best known for drafting the February 2009 report "The Job Impact of the American Recovery and Reinvestment Plan," which the White House used as an ammunition belt in the fight to gain passage of its $862 billion economic stimulus bill (the actual cost of which exceeds $1 trillion when interest is included). Romer predicted that following passage of the stimulus bill, unemployment would plateau below 8 percent last fall and by this month register at 7 percent. That's not close enough for government work, as unemployment stands at 9.5 percent today. It would be higher except that hundreds of thousands of frustrated job seekers have given up looking for new jobs and dropped out of the labor force.
Predictably, the stimulus bill has proven to be an extraordinary waste of borrowed money that has failed to create jobs, generate economic growth or do much of anything other than line the pockets of White House political allies. That and give $308 million in subsidies to BP before the Gulf oil spill disaster, and subsidize a study on what happens when monkeys snort coke.
I left some out, it was making me ill....
here's more...the part that made me comment...
Add Obama's determination to raise everybody's taxes by allowing the Bush cuts from 2001 and 2003 to expire Jan. 1, 2011, and it's easy see to why banks, businesses and consumers are hoarding trillions of dollars that could otherwise spur economic growth. And we haven't even addressed the destructive effect on economic growth of Obama's nationalization of major portions of the economy, including the banks, health care and the auto industry."
My comment on her blog....This is rightwing bull cr*P!!! the tax cuts will be rolled back to where they were in Clintons presidency, was the economy in collapse back then?? CRAPOLA, is what this is! (I'm not allowed to cuss on her blog, but she's allowed to lie)
You can't blame Obama for the depth of the recession, and you can't come crawling out from under a recession of this magnitude in 18 months! Its gonna be 10 years before Bush and rethugs policies quit damaging our economy. The trillions of dollars being hoarded are so the thieves hoarding it can invest, NOT spur economic growth. Its all about greed and who can make the most money. The rightwing is pure evil and greed. Every single policy plan they have is geared towards the rich getting richer and it has nothing to do with growing the middle class and our country prospering!!
Good fuckin holy crap, I get so sick of these idiots and their fuckin attitudes about our president and liberals. WHAT are their plans?? WHAT would they be doing different to spur job growth and grow our economy?? WHAT are their plans if they should be so lucky to get back some power?? I hope they do get some of the power so the country can get a taste of their KNOW NOTHING ABOUT ECONOMICS!!!!
