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Double dip... here we come

iamnothere 2011/09/06 19:54:21
odumbo and the debtocraps seem to not understand.. it is business and entrepreneurs who provide jobs .. jobs provide work.. and work provides taxes..

So hold onto your wallet.. we are entering the second dip depression

so much for the jobs president


work work taxes hold wallet entering dip depression jobs president


work work taxes hold wallet entering dip depression jobs president

By JAMES TARANTO

Are you sitting down? If not, you probably should be, because we have some stunning news: Barack Obama is giving a speech next week. "Obama plans to propose his new jobs plan in a prime time address to a joint session of Congress on Sept. 7, a week from today," USA Today reports.

As blogger Ed Morrissey notes, Obama previewed the blockbuster oration in an interview with NBC's Brian Williams:

Williams: Let's talk about another topic that's part of the firmament here and everywhere. And that's the economy. The New York Times said this weekend, "President Obama has another new plan on the economy. Now would be a good time to find out about it." Do you have anything new on the economy? And while you've been away, we had a horrible GDP number last month.

Obama: Well, look, we--we anticipated that the recovery was slowing. The economy is still growing, but it's not growing as fast as it needs to. I've got things right now in--before Congress that we should move immediately. And I've said so before I went on vacation, and I'll keep on saying when I--now that I'm back.

Are you nodding off? Wait, there's a punch line! That interview aired on Sunday, Aug. 29. How can that be, when today is Wednesday the 31st? The interview aired last year.

Obama in 2010, saying the same stuff.

Can we keep doing the same thing over and over again and expect a different result? Yes, we can! Ronald Reagan's detractors called him the Great Communicator. In a sign of how standards have fallen, Obama's admirers think him a great communicator. But he would be more aptly called the Great Perseverator. To the untrained ear, he sounds like a one-man echo chamber, endlessly repeating after himself.

Yet in reality, he doesn't do it on his own. Rather, he is at the center of a feedback loop enabled by a vast media apparatus. He listens to "friendly" journalists and commentators who praise his brilliant oratory and his progressive ideas and scoff at his opponents. One example is the pundit who said of congressional Republicans: "These folks so far have not been very responsive to public opinion . . . which is why they are very unpopular right now. But they're speaking only to a very narrow segment of the population, their base."

In case "folks" didn't give it away, that pundit's name was Barack Obama. He offered that analysis yesterday on "The Tom Joyner Morning Show." As we noted last month during the debt-ceiling debate: "The so-called mainstream media is engaged in a bizarre propaganda effort, aimed not so much at persuading voters to agree with Obama but at convincing politicians that voters agree with Obama." One way in which they do this is by "selectively citing survey numbers to paint a picture of wide public support of the president, when in fact the polls are more ambiguous."

The Joyner interview is the latest evidence that this propaganda effort has been partly successful, in that it has persuaded Obama that the voters agree with him, his sub-40% job-approval ratings notwithstanding. Republicans, we suspect, have a more clearheaded view of the matter. That is not because their innate mental faculties are superior, but because media hostility is a lot less seductive than flattery.

For a wonderful example of such flattery, consider Eugene Robinson's column in yesterday's Washington Post. "President Obama's promised jobs plan needs to be unrealistic and unreasonable, at the very least," Robinson writes. "If he can crank it all the way up to unimaginable, that would be even better."

That seems like odd advice, but Robinson doesn't really mean it. It's just his cute way of suggesting that Republicans are unrealistic and unreasonable:

This is a moment for the president to suppress his reflex for preemptive compromise. The unemployment crisis is so deep and self-perpetuating that only a big, surprising, over-the-top jobs initiative could have real impact. Boldness will serve the nation well--and, coincidentally, boost Obama's reelection prospects.

Note how that paragraph opens with flattery disguised as criticism: Oh Mr. President, you're just too reasonable! (It's false flattery, too. Obama's trouble, as we saw during the debt negotiations, is not that he is too willing to yield, but that he adheres to his positions too rigidly.)

So what bold plan does Robinson have in mind? The drumroll please:

Obama and his advisers know very well that this is the wrong time to cut government spending. They know that using federal money to seed big new initiatives--to upgrade the nation's crumbling infrastructure, jump-start the "clean" energy industry, retrain the unemployed so they can compete in tomorrow's job market--would give the economy a much-needed boost. They know, too, that federal action to buoy the housing market would help revive consumer spending, thus giving corporations a reason to invest the estimated $1 trillion they're sitting on.

Such ambitious proposals would demonstrate that the president is willing to think big--that he is not willing to accept the Republican narrative of massive retrenchment and, by implication, inevitable decline.

We're not kidding. Robinson actually advises the president to rehash the same discredited ideas he has spent his entire campaign and presidency peddling. And we'll bet Obama does it, too, because he knows that guys like Robinson will praise him for being "bold." Robinson acknowledges it won't actually pass Congress:

Republican leaders in the House of Representatives would immediately declare any such ambitious program dead on arrival. The president should welcome their opposition--and campaign vigorously against it. He can offer voters a choice between a pinched, miserly vision of the country's prospects on the one hand and an optimistic, expansive view on the other.

Empty optimism, fierce partisanship, bad ideas--come to think of it, that combination worked very well for Obama in 2008. But that year, he was in effect running against a failed incumbent. We suspect he will find it more challenging to run as a failed incumbent.
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  • dlsofsetx 2011/09/08 23:51:26
    dlsofsetx
    +1
    My fear is despite is total failure,Obama will be re-elected.
  • mal 2011/09/06 22:17:42
    mal
    +1
    we have been in a depression, not recession since 2008
  • iamnothere mal 2011/09/06 22:19:04
    iamnothere
    +1
    only in reality.. not by the accounting of bean counting economist types
  • mal iamnothere 2011/09/06 22:31:05
    mal
    +1
    the economists owned by the government.
  • America... mal 2011/09/08 17:59:35
    Americas Third Party
    +2
    Agree.
  • WhereIsAmerica? ~PWCM~JLA 2011/09/06 22:14:57
    WhereIsAmerica? ~PWCM~JLA
    +1
    I don't think we ever recovered from the first recession which is more like a depression. Are they trying to cover up just how bad it really is?
  • iamnothere WhereIs... 2011/09/06 22:19:55
    iamnothere
    yes and if you read my blogs here I have been forcefully talking about why we never got out of the first depression
  • VoteOut 2011/09/06 20:26:42
    VoteOut
    +2
    I am not sure we came out of the first recession although many indicators and ecconomist say we had. I am no expert, but I have yet to see interests rate go up since the collapse only down down and down so that tells me we still in the same resession/depression only now we have been heading into stagflation, no growth and higher costs of living

    Factoring in the 16 trillion dollars or so of FED spending policy combined with Obama spending we are talking close to 20 trillion dollars(maybe much more) of Federal spending injected in the past couple of years to no avail.

    When will they learn that "You can lead a horse to water but you cant make him drink" but instead they are drowning allot of horses
  • Luca 2011/09/06 20:01:27
    Luca
    +2
    These people are not stupid...they have an agenda...

    "Complex technology of any sort is an assault on
    human dignity. It would be little short of disastrous for us to
    discover a source of clean, cheap, abundant energy,
    because of what we might do with it."
    - Amory Lovins, Rocky Mountain Institute

    "Global Sustainability requires the deliberate quest of poverty,
    reduced resource consumption and set levels of mortality control."
    - Professor Maurice King

    "The only hope for the world is to make sure there is not another
    United States. We can't let other countries have the same
    number of cars, the amount of industrialization, we have in the US.
    We have to stop these Third World countries right where they are."
    - Michael Oppenheimer,
    Environmental Defense Fund

    "A massive campaign must be launched to de-develop the
    United States. De-development means bringing our
    economic system into line with the realities of
    ecology and the world resource situation."
    - Paul Ehrlich,
    Professor of Population Studies

    "Isn't the only hope for the planet that the
    industrialized civilizations collapse?
    Isn't it our responsiblity to bring that about?"
    - Maurice Strong,
    founder of the UN Environment Programme

    "If we don't overthrow capitalism, we don't have a chance of
    saving the world ecological...



























    These people are not stupid...they have an agenda...

    "Complex technology of any sort is an assault on
    human dignity. It would be little short of disastrous for us to
    discover a source of clean, cheap, abundant energy,
    because of what we might do with it."
    - Amory Lovins, Rocky Mountain Institute

    "Global Sustainability requires the deliberate quest of poverty,
    reduced resource consumption and set levels of mortality control."
    - Professor Maurice King

    "The only hope for the world is to make sure there is not another
    United States. We can't let other countries have the same
    number of cars, the amount of industrialization, we have in the US.
    We have to stop these Third World countries right where they are."
    - Michael Oppenheimer,
    Environmental Defense Fund

    "A massive campaign must be launched to de-develop the
    United States. De-development means bringing our
    economic system into line with the realities of
    ecology and the world resource situation."
    - Paul Ehrlich,
    Professor of Population Studies

    "Isn't the only hope for the planet that the
    industrialized civilizations collapse?
    Isn't it our responsiblity to bring that about?"
    - Maurice Strong,
    founder of the UN Environment Programme

    "If we don't overthrow capitalism, we don't have a chance of
    saving the world ecologically. I think it is possible to have
    an ecologically sound society under socialism.
    I don't think it is possible under capitalism"
    - Judi Bari,
    principal organiser of Earth First!

    "The goal now is a socialist, redistributionist society,
    which is nature's proper steward and society's only hope."
    - David Brower,
    founder of Friends of the Earth

    "The current course of development is thus clearly unsustainable.
    Current problems cannot be solved by piecemeal measures.
    More of the same is not enough. Radical change from the
    current trajectory is not an option, but an absolute necessity.
    Fundamental economic, social and cultural changes that
    address the root causes of poverty and environmental
    degradation are required and they are required now."
    – from the Earth Charter website (signed and adopted by the U.S. in 2000)

    "Effective execution of Agenda 21 will require a profound
    reorientation of all human society, unlike anything the world
    has ever experienced a major shift in the priorities of both
    governments and individuals and an unprecedented
    redeployment of human and financial resources. This shift
    will demand that a concern for the environmental consequences
    of every human action be integrated into individual and
    collective decision-making at every level."
    - UN Agenda 21
    (more)
  • flaca BN-0 2011/09/06 19:59:16
    flaca BN-0
    +1
    There's only one thing that creates jobs: DEMAND (i.e. customers)
    People are saving, not spending (because they don't trust the banksters screwing things up)
    Cutting everything leads to loss of jobs and loss of income and loss of spending and loss of demand.
  • iamnothere flaca BN-0 2011/09/06 20:15:19
    iamnothere
    +1
    nor do they trust politicians who have shown just how badly they can screw the pooch
  • flaca BN-0 iamnothere 2011/09/06 20:20:27
    flaca BN-0
    +1
    do you really think Bush had any inlkling of 2008 meltdown? He was ashen faced. Totally shocked. He wasn't to blame for this recession and neither was Obama. I wish you would concentrate on the real reasons behind it instead of hating on Obama. Get some perspective for goodness sake.
  • Luca flaca BN-0 2011/09/06 20:28:31
    Luca
    +2
    You are correct. I do not blame Obama for the meltdown, that would be absurd. I blame him only for exacerbating it through failed policies.
  • flaca BN-0 Luca 2011/09/06 20:55:38
    flaca BN-0
    +1
    how did he exacerbate it? By using stimulus? he wanted a bigger stimulus that many economists said was needed, but he kept it to a modest amount. And it did create jobs (I've seen it in my own state: oyster beds being relaid after hurricanes etc. republican governors going to ribbon-cutting ceremonies on stuff they took credit for paid for by the stimulus).
    If the country isn't stimulating, that only leaves government. History has shown us this in several countries. Those who took an austere passage during a recession took longer to take themselves out of it than those who used stimulus. Of course most SHs aren't educated or research-savvy enough to have noticed this.
  • Luca flaca BN-0 2011/09/06 21:02:49
    Luca
    +2
    this is a HUGE topic...do you really think I can tender an answer that is much more than just talking points that you could easily shoot holes through? Keynesian economic THEORY has never been shown to work,it remains only a theory. In every instance it has been applied (and failed), the excuse has always been "we did not spend enough". The one example of it being the "most" applied is FDR, and subsequently it has been said that he actually extended the depression 10 years longer than necessary as a result of it.
  • flaca BN-0 Luca 2011/09/06 21:08:13
  • Luca flaca BN-0 2011/09/06 21:08:32
    Luca
    +2
    in the most basic form of answering your question...taking over 1/6th the economy that will have a major impact upon every person and bsuiness, in a HUGE convulted and multi trillion dollar health care bill, added greatly to halting economic growth. Businesses and people are just beginning to learn about this insidious peice of legislation. The very fact that it was passed in the manner it was caused stagnation..."when we have a chance to read it, I am sure everyone will love it'! This game with 1/6th of the economy//

    Raise taxes, lower taxes, 50% increase on inheritance tax...this or that, when and how...there is nothing but a miasma of confusion. 24,718 NEW regulations in under 3 years! What are they all? When do they come into affect? what is their impact and consequence? WHo the hell can keep up with it all? How big a pnealty wil i get if i eat a Twinkie?? Wil i be thrown in jail if i fart? Obama is synomous with economic schizophrenia
  • VoteOut flaca BN-0 2011/09/06 20:37:55
    VoteOut
    +3
    Contraire, Mon Frere
    Bush was not a great one but he did warn early on about FANNIE and FREDDIE and the possibble meltdown and proposed Fannie and Fannie supervision in 2003 but was quashed by the democrats. I wonder how Obama voted?

    http://www.nytimes.com/2003/0...
    http://www.bucksright.com/bus...
  • flaca BN-0 VoteOut 2011/09/06 21:09:06
    flaca BN-0
    +1
    so when Bush had control of both houses for a time, why didn't he do something about it?
  • iamnothere flaca BN-0 2011/09/06 22:23:09
    iamnothere
    +1
    he never had control of both house.. The senate was always just one seat.. and ten of those seats were controlled by rino votes
  • VoteOut iamnothere 2011/09/06 22:55:38
    VoteOut
    +1
    and I would imagine there where some friends of Angelo on the repubilcan side also
  • VoteOut flaca BN-0 2011/09/06 23:00:26
    VoteOut
    +1
    i said Bush was no great one but he did warn about the housing bubble ahead of time as did many. Maybe we should be talking to Barney Frank (who is very quiet lately) and Maxine Waters who is not so quiet lateley or ever (I think her and barney both got dirt on each other and a keeping seperated) Speaking of Fannie and Freddie have they been forgotten about in our ecconimic woes of late when they are a big part of our deficit and debt
  • VoteOut flaca BN-0 2011/09/06 20:29:00
    VoteOut
    +1
    I dont even know that people are saving for what purpose do that there is no incentive to save nor is there any incentive to work or earn any more then you minimal needs.
  • Luca flaca BN-0 2011/09/06 20:34:08
  • flaca BN-0 Luca 2011/09/06 21:10:33
    flaca BN-0
    McLatchey just interviewed a bunch of small business owners. They do not cite taxes or regulation as their problems. They cited insurance costs, internet sales and lack of demand as their most pressing issues. I posted up this report on SH and not one republican answered it, because they were afraid to.
  • Luca flaca BN-0 2011/09/06 21:13:07
    Luca
    +2
    Brett Bair did the same thing on...and they all said uncertainty. Wall Street reflects uncertainity, and is perhaps the best indicator. It makes no difference what some panel on TV says...this is not a reliable source. If the station is Left leaning, they will have left leaning replies. If it is right leaning...the same is true.
  • Luca flaca BN-0 2011/09/06 21:19:57 (edited)
    Luca
    +1
    btw, come Nov 2012 the EPA will be requiring that ALL homeowners install a stormwater mitigation filtering system Average cost per homeowner is approx $20,000 (including Engineering, Architect, permit fees, and installation). DO ya own your own home?

    let me clarify, the EPA will start mandating that local municipalities start enforcing this..it may be a year or two before it actually hits you. This is already in effect for any NEW construction job, and retro-fitting is mandatory starting 2012 Ijust had to do this on a SMALL (very small) shopping center. (1 acre). Cost: $103,000 to that small business owner. (next lowest bid, $186,000)
  • iamnothere flaca BN-0 2011/09/06 22:24:44
    iamnothere
    perhaps because you have two followers.. is why no one saw it..
  • VoteOut flaca BN-0 2011/09/06 20:40:26
    VoteOut
    +2
    Why does Obama trust and bow to the Banksters http://www.unelected.org/audi...
  • Stone.Cold.Krazy 2011/09/06 19:58:28
    Stone.Cold.Krazy
    +2
    if it keeps going they way its going we are going to see triple dip or worse
  • bob 2011/09/06 19:58:16
    bob
    +2
    gonna be a rough road until this menace idea that government will create jobs is thrown into the dust heap of history.

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