Tag Archives: economists

barack_obama_stupid
Aug 26 2010

We’re In a Depression, Not a Recession


While the Obama administration travels around the Country trying to convince the American people and small businesses that The United States is moving in the right direction, that the recovery is working which Obama knows it’s not working but still trying to paint a pretty picture. The American people is now wise to the President’s false hope speeches!

Rosenberg: This Is a Depression, Not a Recession

Gluskin Sheff economist David Rosenberg says “the United States has entered a Depression, and not just some garden-variety recession. Keep reading

Double Dip Coming

Economist Stephen Roach says a double dip recession is coming but the trigger hasn’t yet been identified. Chicago Federal Reserve president Charles Evans believes the risks of a double dip have increased recently. Keep reading

Some Governments Will Default on Debt

Global debt woes are severe enough that some governments will default on their bonds, says Arnaud Mares, an executive director at Morgan Stanley.
The weaker economies of Europe, including Greece, Portugal and Ireland, already have faced rising borrowing costs amid investor fears about their debt burdens.

Standard & Poor’s just downgraded Ireland’s credit rating, thanks to the escalating price tag of nationalizing its banks.

But it’s not just Europe. The sovereign-debt crisis is global “and it is not over,” Mares said. Keep reading

After reading what the economist are saying, would you trust what Obama has said that we’re headed in the right direction or would you trust the economist and what they say? After all the lies that Obama has told we the people of American and around the World, I will take the word of the economist over his!

Jul 3 2010

The Obama $1 trillion stimulus was a bust

A new report showing a net loss of 125,000 jobs adds to the growing avalanche of evidence the $1 trillion stimulus has failed to boost the economy as promised, according to a chorus of economic experts.

Democrats had been planning to herald this as the Summer of Recovery, expecting a peak in stimulus spending. But the dreary economic news is contributing to a rising chorus of complaints from conservative economists that the stimulus spending binge has failed to deliver as promised.

“Yeah, I think we can say the stimulus was a bust,” Stephen Moore, a Wall Street Journal editorial board member and the newspaper’s senior economics writer, tells Newsmax. “The real problem is that the president has no plan B. We’ve had plan A, that was spend a trillion in stimulus. That didn’t work. We’ve lost 2.2 million jobs since we started that spending, and all the president wants to do is add more stimulus. That’s what’s so disappointing.” Read more at the SOURCE

Most Americans said it would not work from day one! To this taxpayer it seem that the $1 trillion stimulus lost more jobs than it created. I posted months ago that Obama would take the democrats down with him in the mid-term and 2012 elections and to this date that has been the case. Obama can now consider himself a worst president than Jimmy Carter. Everything Obama has done so far has made this great Nation job crisis worst than it was before he took over the White House. He has refused to protect American soil from illegal Mexican drug runners and murderers. So yes Obama the democrats need to be removed from Washington D.C. and then yourself need to be evicted from the White House! Just remember this voters, Obama’s words mean nothing because he has never kept any of his promises that he campaigned on!

Aug 3 2009

UPDATE 05 Aug – Clunkers Video Sparks Outrage Over Wasteful Government Programs, Climate experts aren’t impressed

Economists can argue back and forth in the media about the effect of big government programs such as the stimulus package and Obamacare but few things have illustrated government waste as effectively as this disturbing video.
Read a sampling of YouTube comments which are in sharp contrast to the glowing praise of the Cash for Clunkers program

UPDATE 04 AUG
The Obama administration is refusing to quickly release government records on its “cash-for-clunkers” rebate program that would substantiate — or undercut — White House claims of the program’s success, even as the president presses the Senate for a quick vote for $2 billion to boost car sales.

Obama administration withholds data on clunkers

LaHood, for example, promotes the fact that the Ford Focus so far is at the top of the list of new cars purchased under the program. But the limited information released so far shows most buyers are not picking Ford, Chrysler or General Motors vehicles, and six of the top 10 vehicles purchased are Honda, Toyota and Hyundai. Read More

UPDATE: 05 Aug

`Cash for Clunkers’ Has No Effect on Pollution, Climate experts aren’t impressed.Calculations by The Associated Press, using Department of Transportation figures, show that replacing those fuel hogs will reduce carbon dioxide emissions by just under 700,000 tons a year. While that may sound impressive, it’s nothing compared to what the U.S. spewed last year: nearly 6.4 billion tons (and that was down from previous years).
Read More

This Obama program will put many good used car dealers out of business, and more workers will lose their jobs.

LINKS:

(1) Stolen money for ‘clunkers’

(2) Grass-roots revolt in Austin, TX: “Just say no!” to Obamacare; Pennsylvanians boo Sebelius & Specter, “How can you manage health care when you can’t manage Cash For Clunkers?”

(3) Obama lied, transparency died, Pt. 10,001: No Cash for Clunkers disclosure