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Here Is The White House Spin On Today's Disappointing Economic Data

Tyler Durden's picture





 

A massive 13% collapse in durable goods, the biggest since January 2009; a $20 billion miss to annualized Q2 GDP estimates, and well below the lowest estimate, 60+ weeks of constant upward BLS revisions to initial claims "data" and not to mention assorted atrocious economic (note: not to be confused with market - the two are now completely unlinked) data from around the globe. And what does the White House say: the data shows that the "US is making progress." We sure wouldn't want to know what it would look like if after 3 episodes of easing, trillions injected into the economy via the Fed, and of course $6 trillion in extra debt the US was not making progress. Oh and yes, everything else is Bush's fault.

Full statement from the White House's Alan Krueger:

Today's Economic Data

More than the usual amount of economic statistics were released this morning. As a whole, today’s economic news shows that while we are still fighting back from the worst economic crisis since the Great Depression, we are making progress. We lost more than 8 million jobs and GDP contracted by almost 5 percent as a result of the Great Recession. We have more work to do, but incorporating today’s preliminary benchmark revision to the employment figures released by the Bureau of Labor Statistics with their earlier data indicates that the economy has added nearly 5.1 million private sector jobs, on net, over the past 30 months. BLS announced that total employment likely grew by 386,000 more jobs than previously announced during the 12 months from March 2011 to March 2012, and by 453,000 more private sector jobs in that same time period. In the past decade, the absolute difference between the preliminary and final benchmark revision has averaged 37,000 jobs.

We also saw revised data released today showing that real GDP grew in the second quarter of 2012 by 1.3 percent at an annual rate. Real GDP growth in the second quarter was revised down due, in part, to a downward revision to agriculture inventories as a result of the devastating drought our nation faced this summer. The Obama Administration continues to take all available steps to mitigate the impacts of the drought, and has called on Congress to pass a farm bill that would spur growth and provide rural Americans with the certainty they deserve. We also learned today that the advance report of durable goods orders declined in August, largely as a result of a decline in orders for transportation equipment. Excluding the volatile transportation category, durable goods orders fell by 1.6 percent.

Today’s news shows that we must do more to strengthen our economy and promote job creation. Over a year ago, President Obama proposed the American Jobs Act – a plan that independent economists have said would create up to 2 million jobs. The President will continue to push policies that will continue this progress we have made, including incentives to strengthen the American manufacturing industry, investments in our nation’s infrastructure, and the extension of the tax cuts for 98 percent of Americans and 97 percent of small businesses.

While we are still rebuilding our economy and working to recover from the worst crisis since the Great Depression, we are making progress and the last thing we should do is return to the economic policies that failed us in the past. The revisions announced in today’s reports are a reminder that economic data are subject to large revisions. As a whole the pattern of revisions suggest that the recession that began at the end of 2007 was deeper than initially reported, and the jobs recovery over the last 2.5 years has been a bit stronger than initially reported, although much work remains to be done to return to full employment.

 


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Thu, 09/27/2012 - 12:59 | Link to Comment LawsofPhysics
LawsofPhysics's picture

Prosecute the fraud dipshits.

Thu, 09/27/2012 - 13:02 | Link to Comment digitlman
digitlman's picture

^^^^^+100000000000

Thu, 09/27/2012 - 13:08 | Link to Comment SilverTree
SilverTree's picture

Howard Stern Exposes Obama Supporters 2012

http://youtu.be/SeJbOU4nmHQ

Thu, 09/27/2012 - 13:25 | Link to Comment foodstampbarry
foodstampbarry's picture

Amazing! I didn't think they could any dumber from 2008. But voila! They have!

Thu, 09/27/2012 - 13:35 | Link to Comment DaveyJones
DaveyJones's picture

I've noticed the governments spin has gone from 33 & 1/2 through 45 and is now 78

Thu, 09/27/2012 - 13:48 | Link to Comment SilverTree
SilverTree's picture

Ring-ring-ring-ring-ring-ring Obama phone.

 

http://www.youtube.com/watch?v=tpAOwJvTOio&feature=player_embedded

Thu, 09/27/2012 - 13:56 | Link to Comment redpill
redpill's picture

Remember, it takes a pillage.*

 

* (C) 2008 Clinton Information Airwaves

Thu, 09/27/2012 - 15:26 | Link to Comment Yes We Can. But...
Yes We Can. But Lets Not.'s picture

"the last thing we should do is return to the economic policies that failed us in the past".

So, four years later, and it is *still* Shrub's fault!!! And if the economy had been crankin' the past four years, whose fault would that be?

The man applied for a job. No experience.  Said he could do it.  Talked big, generalities.  We hired him.  Flat out sucked for four years, didn't hit any of his numbers, played a lot of golf.  FOUR YEARS.  He needs to get shit-canned.  New guy applying for the job.  Solid experience.  Proven track record.  It is a no brainer.  Give the new guy a chance, see what happens.

Thu, 09/27/2012 - 18:41 | Link to Comment Dr. Sandi
Dr. Sandi's picture

Nothin'

Thu, 09/27/2012 - 21:14 | Link to Comment Haywood Jablowme
Haywood Jablowme's picture

 

So you guys ready to hang these bitch-ass motherfuckers yet or what?  I suggest it gets done before these psychopaths get their WWW3 and get us all killed in the mother fucking process.

 

 

Thu, 09/27/2012 - 13:57 | Link to Comment Abiotic Oil
Abiotic Oil's picture

Start with a room temp IQ and then put a person through the Government (public) School system and you get this result.

Thu, 09/27/2012 - 15:21 | Link to Comment mkhs
mkhs's picture

Now, now now...Don't be too hard on the educational system.  The students do have to show up to be learned.

Thu, 09/27/2012 - 19:45 | Link to Comment NidStyles
NidStyles's picture

Show up to learn government propaganda eh?

Thu, 09/27/2012 - 22:21 | Link to Comment The Gooch
The Gooch's picture

Nobody noticed but this SEIU paid "mouth piece" has a bag of crack in her mouth.

I shit you not.

The comments on YT have been "disabled"

Thu, 09/27/2012 - 13:03 | Link to Comment Confused
Confused's picture

Execute....for treason.

 

There. Fixed it for you.

 

 

Thu, 09/27/2012 - 13:07 | Link to Comment xtop23
xtop23's picture

and remember........ you didnt do that. only in this case he would be correct. the government did.

Thu, 09/27/2012 - 13:06 | Link to Comment Hippocratic Oaf
Hippocratic Oaf's picture

I said, I believe in February, that nothing will be get done before the election and all 'truth' will be swept under the rug. You'd have to be a blind fool to believe ANYTHING coming outta Washington.

Meanwhile......

http://www.youtube.com/watch?feature=player_embedded&v=tpAOwJvTOio

Thu, 09/27/2012 - 13:13 | Link to Comment Bay of Pigs
Bay of Pigs's picture

LOL. Cleveland? Good luck to all you folks living there....Bend Over!

Thu, 09/27/2012 - 13:19 | Link to Comment RSloane
RSloane's picture

Oh Dear God......ugh.

Thu, 09/27/2012 - 13:40 | Link to Comment Conax
Conax's picture

Was that that creature's real voice?  Daggg.

Thu, 09/27/2012 - 13:07 | Link to Comment Totentänzerlied
Totentänzerlied's picture

Someone should call up Attorney General Eric Bagholder, I'm sure he'll be all over it!

Get real.

Thu, 09/27/2012 - 13:10 | Link to Comment Eireann go Brach
Eireann go Brach's picture

If Obama ran a Subway store, he would be fucking fired 3 years ago! America is now just a scaled up version of the X-Factor, American Idol and reality TV all in one, with Obama in charge of the voting machine!

Thu, 09/27/2012 - 13:10 | Link to Comment krispkritter
krispkritter's picture

He didn't build that sandwich...but the Wookie ate the fuck out of it...

Thu, 09/27/2012 - 13:14 | Link to Comment slaughterer
slaughterer's picture

Obama's "Subway" only accepts EBT.  Your money is no good there. 

Thu, 09/27/2012 - 13:19 | Link to Comment SemperFord
SemperFord's picture

Hey Wookie! Chewbacca would make a better president, sounds the same as Obummer to me, skip to 30 seconds

 

http://www.youtube.com/watch?v=VjQMpBb1gps

Thu, 09/27/2012 - 13:17 | Link to Comment crusty curmudgeon
crusty curmudgeon's picture

What fraud?  The recovery is in full swing.  Haven't you got your obamaphone yet?  Enjoy!

“If you tell a lie big enough and keep repeating it, people will eventually come to believe it. The lie can be maintained only for such time as the State can shield the people from the political, economic and/or military consequences of the lie. It thus becomes vitally important for the State to use all of its powers to repress dissent, for the truth is the mortal enemy of the lie, and thus by extension, the truth is the greatest enemy of the State.”  -Joseph Goebbels

 

Thu, 09/27/2012 - 13:03 | Link to Comment PUD
PUD's picture

Obama is busy re-freezing the polar ice cap as we speak..whew! I was worried for a second

Thu, 09/27/2012 - 13:20 | Link to Comment oddjob
oddjob's picture

more like reicing his bong.

Thu, 09/27/2012 - 13:03 | Link to Comment mick68
mick68's picture

 This will only get worse, wait until all Obama's "wait until after the election" promises come due.

Thu, 09/27/2012 - 13:04 | Link to Comment davidsmith
davidsmith's picture

ZH will never understand that as long as most people with a Bachelor's degree or higher are working, it makes no difference whatsoever what the White House says. The American people back the Goldman Sachs bailouts.  They care about nothing except getting to work, and their shows.  Sorry--that's just the way it is.

Thu, 09/27/2012 - 13:06 | Link to Comment walküre
walküre's picture

Yes, but once DWTS "All Stars" is finished the world will surely end. I mean how can they possibly top that? It's simply not possible and life after DWTS "All Stars" is just not worth it.

Thu, 09/27/2012 - 13:24 | Link to Comment Zadok
Zadok's picture

True yes, family member was just talking about retiring in 4 years and how much SS he was counting on receiving. After many reality conversations in the past, I just let him talk. I doubt there will be a country that we recognize in 4 years, let alone SS!

Thu, 09/27/2012 - 13:42 | Link to Comment edifice
edifice's picture

There will be an SS, it just won't stand for "Social Security."

Thu, 09/27/2012 - 13:48 | Link to Comment Zadok
Zadok's picture

Made me LOL! Tis true! My bad, shouldn't us acronyms.

Thu, 09/27/2012 - 14:01 | Link to Comment CommunityStandard
CommunityStandard's picture

Though the Social Security Admin is getting all those hollow point bullets....

Thu, 09/27/2012 - 13:42 | Link to Comment ebworthen
ebworthen's picture

Yes, the fools, thinking that their 401K's and IRA's won't be confiscated and their children won't be drafted to fight WWIII.

The haze of the 60's, the illusions of the 50's, the dead generations of the 40's; all superceded by the children of the 70's steering the U.S.S.A. Titanic.

Thu, 09/27/2012 - 15:04 | Link to Comment ElvisDog
ElvisDog's picture

So true, davidsmith. The reason Obama is winning is that he represents the status quo, and the majority of voters like the status quo and want to hold on to it for as long as possible. I would say 90% of people deep down don't give a shit about "doing the right thing" or if there is a future price for kicking the can down the road now. Not only do the majority of U.S. adults not care about future generations, they want to kick the can down the road (and make the future generations' problems worse) as long as possible. They want to maximize their lifestyle now and screw the future. As long as they can still get their double grande non-fat latte from Starbucks and take their ski vacation to Mt Bachelor, most people are cool with whatever the Obama administration wants to do.

Thu, 09/27/2012 - 16:09 | Link to Comment MachoMan
MachoMan's picture

How do you represent the status quo with the slogan "vote for hope and change"?

Fri, 09/28/2012 - 02:43 | Link to Comment StychoKiller
StychoKiller's picture

Good luck to anyone voting for "Hope and Stasis!" :>D

Thu, 09/27/2012 - 13:04 | Link to Comment holdbuysell
holdbuysell's picture

 "US is making progress."

Toward what?

Thu, 09/27/2012 - 13:07 | Link to Comment krispkritter
krispkritter's picture

The precipice...FORWARD!

"It's not my fault." Obama 2012.

Thu, 09/27/2012 - 13:36 | Link to Comment yogibear
yogibear's picture

Moving forward into a 10ft thick concrete wall.

Thu, 09/27/2012 - 13:20 | Link to Comment PiratePawpaw
PiratePawpaw's picture

Just like Wile E Coyote making progress toward the bottom of the canyon.

Thu, 09/27/2012 - 13:06 | Link to Comment Count de Money
Count de Money's picture

Alan Krueger, White House Hack: "We have more work to do."

If this is the work you're doing, please stop.

"While we are still rebuilding our economy and working to recover from the worst crisis since the Great Depression, we are making progress and the last thing we should do is return to the economic policies that failed us in the past."

Yeah, the past three and a half years.

Thu, 09/27/2012 - 13:41 | Link to Comment walküre
walküre's picture

Yeah, the past three and a half years.

Nope. It goes back a whole lot longer than that. Try Nixon and the gold standard. See how the relaxing of currency and credit drove up the cost of living. Wages couldn't keep up naturally and soon you needed 2 incomes per household, the family structure went into the crapper. Credit cards were introduced, HELOC etc and everything went apeshit.

That's why you can bust your ass off and work as much as you like and still not make it. The top 5% in general and the top 0.1% specifically made out like bandits.

Classic ponzi my friend, classic ponzi. Maybe you got in ahead of the game, maybe you didn't. But you're part of the game whether you like it or not.

Thu, 09/27/2012 - 13:59 | Link to Comment Count de Money
Count de Money's picture

I'm tired of having to explain this. What Nixon abolished was the use of gold as a benchmark for foreign exchange. And you know what? He didn't really have a choice because all the European countries and Japan had either already abandoned that standard or were threatening to. The reason was that, during the sixties, the US inflated big time its currency (yes, even under a "gold standard"). The gold standard forced other countries to print more of their currencies. In effect, what was going on was that the US was exporting its inflation.

We haven't had a gold standard since 1933 when FDR abolished gold as legal tender.

Thu, 09/27/2012 - 14:29 | Link to Comment LawsofPhysics
LawsofPhysics's picture

Good thing several states have re-instated gold and silver as legal tender.

Thu, 09/27/2012 - 14:32 | Link to Comment walküre
walküre's picture

The reason was that a very unpopular war cost allot more to fight than they had anticipated. Not to mention a costly space program and arms race. Since then we have gone from bad to worse. In order to let the population by large participate in the economy, we opened the flood gates for cheaper imports from China and creating the illusion that Americans are wealthy because they can afford to stuff their houses with stainless steel appliances and Pier One Import kitsch.

The US has been exporting inflation since the creation of the reserve currency model. When you force the rest of the world to settle trades in USD, then it doesn't matter what is backing the currency as long as every other nation accepts it at face value and agrees to the settlement process.

Take the reserve currency status away and the US is bare naked broke.

Thu, 09/27/2012 - 13:05 | Link to Comment TWSceptic
TWSceptic's picture

It will be quite hard to spin the next crash / collapse. But it'll be interesting and entertaining to see them try anyway.

Thu, 09/27/2012 - 15:09 | Link to Comment ElvisDog
ElvisDog's picture

Don't be silly, it will be the standard Krugman/Keynesian playbook. The crash happened because the Republican congress blocked the Jobs Bill, the Home Re-Fi bill, the farm bill, the transportation bill, etc because they were too busy passing tax cuts for millionaire and billionaires. If those bills had only passed, the crash would have been averted. Throw in the words "folks" and "Main Street" a few times and there you go.

Can someone mail me an application for Asst. White House spokesman?

Thu, 09/27/2012 - 20:02 | Link to Comment TWSceptic
TWSceptic's picture

Yes but will the majority of people still believe it? I doubt it.

Thu, 09/27/2012 - 13:06 | Link to Comment insanelysane
insanelysane's picture

Written specifically for ZH:

"In the past decade, the absolute difference between the preliminary and final benchmark revision has averaged 37,000 jobs."

Thu, 09/27/2012 - 13:07 | Link to Comment Skateboarder
Skateboarder's picture

Large revisions like... say... re-reporting your losses (from bets) to be twice what you first reported them to be *cough Dimon,* or understating your state's deficit by a few bil *cough Jerry Brown.*

Thu, 09/27/2012 - 13:58 | Link to Comment franzpick
franzpick's picture

Tyler, Mish, or John Williams plotting preliminary, final and revised numbers together on one chart would reveal the constant and corrupt government misrepresentation of the state and direction of the economy.

Thu, 09/27/2012 - 13:07 | Link to Comment Seditious Blasphemer
Seditious Blasphemer's picture

Trade Wars -> Currency Wars -> then Real Wars.

-Gerald Celente

Thu, 09/27/2012 - 13:25 | Link to Comment Sweet Pea
Sweet Pea's picture

-> then Real Wars.

Check.  So what's next, after O gets us out of Afghanistan?

Thu, 09/27/2012 - 13:36 | Link to Comment Count de Money
Count de Money's picture

Iran nukes Riyahd and/or Tel Aviv.

Norks nuke Seoul and/or Tokyo.

China sinks some Japanese/Vietnamese/Phillipine naval ships around "disputed" islands.

Russia smears Georgia off the map.

All of the above?

Thu, 09/27/2012 - 13:40 | Link to Comment edifice
edifice's picture

-> Civil War

Thu, 09/27/2012 - 13:07 | Link to Comment JohnKozac
JohnKozac's picture

Looking Bullish for another year of Record Bank Bonuses.

 

I guess GS execs will schedule yacht refurbishing, new BMWs, annual re-decoration of the North Shore get-away...and so on....

Thu, 09/27/2012 - 13:38 | Link to Comment ebworthen
ebworthen's picture

...menage a quatres, iPad and iPhone for all the grandkids, gold plated bidets for the Mrs.'s and mistresses, dual Viagra/Cialis prescriptions, bigger trash compacters to throw away twice as much Whole Foods groceries and uneaten leftovers...

Thu, 09/27/2012 - 13:10 | Link to Comment Vincent Vega
Vincent Vega's picture

From the White House: we don't look at it as a 13% decline; 87% was created or saved.  <sarc>

Thu, 09/27/2012 - 13:08 | Link to Comment youngman
youngman's picture

3/4´s of this is Democratic sound bite......." the worst economic crisis since the Great Depression"....come on...get over that line...of couse it was inherited as he was a Senator.....but anyway.....its bad.....and bernanke had this info beforehand I think...hence the open ended bailouts...and more to come..and bigger...40 billion a month will go by by soon.....soon to be 100 billion

Thu, 09/27/2012 - 13:08 | Link to Comment Conax
Conax's picture

Show some bad numbers today, innoculate the people so to speak, then fudge the numbers up a little in time for the re-selection of the usurper.  It will seem like things are improving and the vote went his way.  (By the thinnest of margins, like they always do when the game is rigged.)

Thu, 09/27/2012 - 13:10 | Link to Comment ptoemmes
ptoemmes's picture

Hmmm...did I see a setup for a U3 under 8% in there?

Thu, 09/27/2012 - 13:14 | Link to Comment Count de Money
Count de Money's picture

They'll just drop the labor participation rate some more. Maybe to 50%. Maybe even to 0% so they can claim everybody's working.

Thu, 09/27/2012 - 13:12 | Link to Comment Monedas
Monedas's picture

"US is making progress !"     The key word is "progress" .... they are progressives, after all !   Making "progress" on implementing more Socialism !          Monedas    1929       Reading between the lines .... so you don't have to !

Thu, 09/27/2012 - 13:14 | Link to Comment Dan Conway
Dan Conway's picture

And the stock market is up today!  Does any of this make sense?

Thu, 09/27/2012 - 13:28 | Link to Comment Zadok
Zadok's picture

Absolutely! Intervened markets doing what no market would otherwise do! Therefore all stats are intervened and therefore useless!

Thu, 09/27/2012 - 13:34 | Link to Comment ebworthen
ebworthen's picture

More money, mignon, and mimosa's for the Kleptoligarchy, more peanut butter and jelly with water for you and I.

Makes perfect sense looking out the windows of Washington and Wall Street McMansions.

Thu, 09/27/2012 - 14:07 | Link to Comment misnomer
misnomer's picture

Dear Citizen,

You cannot eat peanut butter, the regulatory police have confirmed that someone on this planet is allergic, so all must abstain! 

We have also banned all dairy (especially in raw form), gluten, and all non-GM fruits and vegetables.

Sincerely,

Your Overlords

 

Thu, 09/27/2012 - 16:38 | Link to Comment Likstane
Likstane's picture

Those bastards took my peanut butter cookies from Subway.   This is it...no more...I...will not submit...every man must take a stand somewhere.   This is my line in the sand.   I don't know what I am going to do...but I'm going to do something!

Thu, 09/27/2012 - 13:14 | Link to Comment Yen Cross
Yen Cross's picture

  The headline should read as follows : 

"Here Is The "Shit House" Spin On Today's Disappointing Economic Data."
Thu, 09/27/2012 - 13:18 | Link to Comment BigDeuceLittleToilet
BigDeuceLittleToilet's picture

Bullish. Forward!!!

Thu, 09/27/2012 - 13:23 | Link to Comment Threeggg
Threeggg's picture

One thing I have to say, is that they (Bennie & his printing press) are doing an exemplary job painting the quarterly charts. I mean look, everything is going the exact right way. Metals up today will be hammered tomorrow (hope no one gets suckered in today) Market will get a little hammering tomorrow (thats why they are running it up today) to enable an excuse to steer everything as they create the perfect "chart art"

Picasso quality   ;-)

Thu, 09/27/2012 - 13:23 | Link to Comment Count de Money
Count de Money's picture

Thanks for the tip. I was looking to pick up some NUE.

Thu, 09/27/2012 - 13:56 | Link to Comment Zymurguy
Zymurguy's picture

"Bennie and the Ink Jets"

there, fixed it for ya

Thu, 09/27/2012 - 13:22 | Link to Comment loveyajimbo
loveyajimbo's picture

Obama is starting to look like a mulatto muslim Nero... fiddling with the porkers on the View while the country burns...

Thu, 09/27/2012 - 13:24 | Link to Comment BigDeuceLittleToilet
BigDeuceLittleToilet's picture

Hoax & Chains

Thu, 09/27/2012 - 13:50 | Link to Comment Bear
Bear's picture

Didn't Madonna just say that

Thu, 09/27/2012 - 13:24 | Link to Comment Oldballplayer
Oldballplayer's picture

This is fucking Animal Farm. 

 

Thu, 09/27/2012 - 13:27 | Link to Comment f16hoser
f16hoser's picture

What do a Nazi and Saudi Muslim have in common?

"EVERYTHING"

Thu, 09/27/2012 - 13:43 | Link to Comment RSBriggs
RSBriggs's picture

But.  But.  I thought Nazis were good - they killed all those evil joooooos, right?  The end justifies the means, so gassing a few million people, erm, jooooooos is a good thing, right?  They fact that 1/2 of them were women and children makes it even better, right?

Thu, 09/27/2012 - 15:04 | Link to Comment Panafrican Funk...
Thu, 09/27/2012 - 13:30 | Link to Comment ebworthen
ebworthen's picture

The Ministry of Truth says "Forward".

Thu, 09/27/2012 - 15:42 | Link to Comment mkhs
mkhs's picture

Win The Future

Thu, 09/27/2012 - 16:41 | Link to Comment spekulatn
Thu, 09/27/2012 - 13:35 | Link to Comment CrabGrassKila
CrabGrassKila's picture

Quite possibly before this day ends, we might have our Great Emperor, "King No Clothes", exclaim to his wife, "Queen Carrots are Better", 

"There Healthcare is Free Queenie,

 Let them Eat Cake, for Aw-Lah-dins , sake"........

Thu, 09/27/2012 - 13:41 | Link to Comment Hetty Green
Hetty Green's picture

"The evils of this deluge of paper money are not to be removed, until our citizens are generally and radically instructed in their cause and consequences, and silence by their authority the interested clamors and sophistry of speculating, shaving, and banking institutions.  

Till then we must be content to return, quoad hoc, to the savage state, to recur to barter in the exchange of our property, for want of a stable, common measure of value, that now in use being less fixed than the beads and wampum of the Indian, and to deliver up our citizens, their property and their labor, passive victims to the swindling tricks of bankers and mountebankers."

Thomas Jefferson to John Adams, 1819

Thu, 09/27/2012 - 13:42 | Link to Comment foodstampbarry
foodstampbarry's picture

Meanwhile...1.4 billion to keep the obama's in the lap of luxury.

http://dailycaller.com/2012/09/26/taxpayers-spent-1-4-billion-on-obama-f...

 

Thu, 09/27/2012 - 13:44 | Link to Comment Billy Bob
Billy Bob's picture

Hey, come on guys.  This web site has been full of comments for several years now that this country, and indeed the world, are paying the price economically for 40 years of debt inflation.  And you are some how critical of the guy who came into office with an broken economy, whose economic policy has been largely determined by hold overs from the previous administration, and whose every effort at redirection has been met with disdain and obstruction by the opposition party, whose Senate leader has sworn since the President took office to oppose any effort proposed by the President, and yet still critical of a President who has somehow, in spite of determined opposition, has halted the economic deterioration he met when he took office.

And you somehow feel he should have been able restore in 3 1/2 year an economy that the previous administration took 8 years to destroy. There are many things to be critical of when speaking of the Presidents performance, but halting the slid in the economy is not one of them.  And at this point, no one knows what the future holds, but it is certainly more prosperous than the outlook at his inauguration.  After all, just look at the stock market.

Blah.....

Thu, 09/27/2012 - 14:09 | Link to Comment RSBriggs
RSBriggs's picture

You forgot the /sarc tag, right?  NOBODY could REALLY be that big a dipshit, right?   I mean sure, he decreased the un-employment rate - what was it when Bush left office again?  And decreased the federal deficit right?  What was the national debt when Bush left office again?   How many people were on disability?  Food stamps?  How big was the labor pool?  How many prosecutions for financial fraud were there under Bush as opposed to Obama, again?  And how does someone that's a junior Senator for 4 years, then makes 400K per year for 4 years pay 13.5 million dollars cash for a house on the beach in Hawaii, exactly?  Investments, you say?  A 10,000% return on investments in 4 years ????  I call BS.

"Obama's gunna pay my mortgage".  Yes he can, and look at current conditions.  Look at the number of people in a house and not making the payments.  Why should they?  Obama's got their mortgage, cell phone, EBT card, and cushy public sector union jobs for those people that vote the right way.  The entire housing market has been crushed, and yes, this IS Obama's fault in collusion with Bwarney Fwank and Harry Reid, almost entirely.

I have news for you, dude, the economy was in a reasonable condition when Bush left office and has gone DOWNHILL ever since - and it has NOTHING to do with George W. Bush.  And if King Hussein gets another term, wiill everything STILL be Bush's fault?  Of course, what was that quote - "It will be Bush's fault forever"? 

Obama's just a sad, irresponsible, lazy fucking liberal Chicago thug - and for liberals, nothing is EVER their fault. This country has spent 1.4 BILLION dollars keeping the King and Queen happy and entertained.  How much on Bush again?

  How about you, in a sudden burst of responsibility, do this country a BIG favor and just FUCK OFF AND DIE... 

Thu, 09/27/2012 - 21:09 | Link to Comment James
James's picture

Not to quibble w/you but the house for O in Oahu is 35 million.

And here it is.

http://www.panaviz.com/customers/k-m/210-North-Kalaheo/

It's a interactive site so you can go thru each room.

Thu, 09/27/2012 - 13:54 | Link to Comment Oldwood
Oldwood's picture

So exactly at what point would you hold the King responsible? Eight years i would guess at best. This thing bottomed two years ago, has got it's bounce and is going down again. If he can't fix it let someone else give it a shot. At this point the risk seems minimal. Besides, wouldn't you want Romney to take the blame for the coming crash than risk soiling your idol's rep?

Thu, 09/27/2012 - 14:02 | Link to Comment Zymurguy
Zymurguy's picture

I can give the guy a pass on the economy - shits fooked up, brah, no doubt.

But, he's done little toward trying to improve the situation... and he's spent most of his time undermining the sovereignty of our nation and implementing socialist ideas that are counter to the republic.

For that, I give him a big fat "F".

If past performance is any indicator of future intent - he'll continue his efforts to fook us up beyond repair, brah.

Thu, 09/27/2012 - 14:18 | Link to Comment sdmjake
sdmjake's picture

Actually i think "he spent most of his time" fucking around on the basketball court, the golf course, and takin' smoke breaks but "undermining the sovereignty of our nation" was in there too...

Thu, 09/27/2012 - 14:05 | Link to Comment Count de Money
Count de Money's picture

If this is serious, it's amazing that people like this are allowed to vote.

Thu, 09/27/2012 - 14:05 | Link to Comment Chump
Chump's picture

If you had actually read this site for the 3 years you've "been" here there's no possible way you could spout this lunacy.

To preface, since you're obviously a partisan twit, Bush and Obama, Ds and Rs, they all suck.

Now that that's out of the way, let's dissect your comment.

We're "paying the price economically for 40 years of debt inflation," and yet somehow we're actually in, "an economy that the previous administration took 8 years to destroy."  Derp, which is which?

Yes, if Obama's policies are being determined by holdovers from the previous administration, I blame him for not finding new advisers.  Duh, why don't you?  And again, you've "been" here 3 years yet you claim Obama "has halted the economic deterioration he met when he took office."  WTF have you been doing with your time here, because it certainly hasn't been spent on any reading.

And you close with this gem: "And at this point, no one knows what the future holds, but it is certainly more prosperous than the outlook at his inauguration."  Yes, no one knows, but you do know, or something.  After all, the stock market.

And all that isn't even mentioning that you don't even realize Harry Reid is the Senate majority leader and would publicly fellate Obama if asked.

Eat a bag of dicks.

Thu, 09/27/2012 - 14:26 | Link to Comment RSBriggs
RSBriggs's picture

Not to mention that "Obama halted the economic deterioration that would have taken place", or "Obama stopped the depresssion that would have happened" is a logical fallacy..

“X not happening” proves nothing about the if statement - since X didn’t happen, the argument is based on something hypothetical (imaginary) which proves nothing about the real world and doesn’t even connect liogically to the if statement.      

 

Hypothesis Contrary to Fact (Argumentum Ad Speculum): Trying to prove something in the real world by using imaginary examples alone, or asserting that, if hypothetically X had occurred, Y (in real life) would have been the result.

 

"Obama kept the evil aliens from planet fubar from eating us." makes just as much sense - none...

 

Thu, 09/27/2012 - 14:43 | Link to Comment Chump
Chump's picture

Great, so Obama kept Krugman's aliens from attacking thereby delaying the recovery even more.

Thu, 09/27/2012 - 15:26 | Link to Comment irie1029
irie1029's picture

that was a great bunch of replies you guys  thanks!

Thu, 09/27/2012 - 15:09 | Link to Comment Panafrican Funk...
Panafrican Funktron Robot's picture

"After all, just look at the stock market."

Jesus fucking Christ these people.

Fri, 09/28/2012 - 09:02 | Link to Comment marathonman
marathonman's picture

MDB - is that you?

Thu, 09/27/2012 - 13:45 | Link to Comment irie1029
irie1029's picture

The really sad thing is people believe this idiot.  He will be quoted on huffpost shortly.

Thu, 09/27/2012 - 13:48 | Link to Comment Bansters-in-my-...
Bansters-in-my- feces's picture

Fuck YOU ,you lying sack of shit Alan.

Thu, 09/27/2012 - 13:51 | Link to Comment Zap Powerz
Zap Powerz's picture

Fuck this cuntry and the fucking fucks that fucked it.

Thu, 09/27/2012 - 13:52 | Link to Comment kito
kito's picture

http://www.intrade.com/v4/home/

 

intrade has obamas chances of re-election at 75%.............................look on the bright side......an obama win will expedite the inevitable............no room for a honeymoon period with romney, which would delay the collapse and just keep all of our anxiety levels high..................................lets move on already....................

Thu, 09/27/2012 - 14:21 | Link to Comment Zap Powerz
Zap Powerz's picture

That, my friend, is why I will be voting for that fucker to win again.

Thu, 09/27/2012 - 13:52 | Link to Comment A Lunatic
A Lunatic's picture

Don't know about you all, but as a rural American I am very much looking forward to "the certainty that I deserve" coming from the Great Deciders in Washington.........

Thu, 09/27/2012 - 14:04 | Link to Comment Snakeeyes
Thu, 09/27/2012 - 14:08 | Link to Comment disabledvet
disabledvet's picture

"it's all uphill from here" for Team Romney. Race obviously is far from over although this site's love for Ron Paul should make the folks here less complainatory about it all. Make or break debates of course. I will turn the TV on for those. Something I haven't done for some time now actually.

Thu, 09/27/2012 - 15:18 | Link to Comment Panafrican Funk...
Panafrican Funktron Robot's picture

"I will turn the TV on for those."

For shit's sake, please don't.  If you have the free time to watch stuff on TV, at least watch something enjoyable.  Romney vs. Obama is an illusion.  Please, please understand this.

Thu, 09/27/2012 - 14:16 | Link to Comment twh99
twh99's picture

It is disingenious for the White House to blame 2nd quarter GDP on the drought.  The drought by June 30th had very little to do with existing Ag inventories, those crops were still in the fields!

 

Also it appears that the ECRI (businesscyle.com) is correct and we are currently in a recession.  If you subtract the inflation rate from the anemic GDP rate we are definitely in negative territory.

Thu, 09/27/2012 - 14:28 | Link to Comment RSBriggs
RSBriggs's picture

"disingenious" is being very kind...  It's actually an absolute and  total fucking lie.

Thu, 09/27/2012 - 14:17 | Link to Comment Clowns on Acid
Clowns on Acid's picture

The ES will continue to rise until the muppetrs realize that Reality TV is not real.

Thu, 09/27/2012 - 14:27 | Link to Comment Everybodys All ...
Everybodys All American's picture

Progressives making progress. Just not your typical definition for progress.

Thu, 09/27/2012 - 15:12 | Link to Comment drunkenlout
drunkenlout's picture

I think I get it.  We can't return to the failed policies of the past.  We have to stick with today's failing policies, because, uhhhh... dunno the because.  I only got the first part.

Thu, 09/27/2012 - 15:17 | Link to Comment Arnold Ziffel
Arnold Ziffel's picture

When do I get my 'Free' $3,000?

Thu, 09/27/2012 - 15:32 | Link to Comment XitSam
XitSam's picture

Today.  And it's gone.

Thu, 09/27/2012 - 15:30 | Link to Comment Shizzmoney
Shizzmoney's picture

The Obama administration has seen jobs NETTED during his tenure.

Granted, they are low paying, have close to no benefits.....but hey, a job is a job, right Republicans?  If this happened during the Bush admin, they would be singing to the heavens!

That is why the whole left-right bullshit is just that.  My joke used to be, "Those in their 20's and early 30s will often look back during the Obama tenure as, "I remember when I was a waitor during the Obama Administration"........

.....where, really, you can put, "I when I was a waitor during the <insert POTUS puppet here> Administration".....

 

Thu, 09/27/2012 - 15:47 | Link to Comment Gift Whores
Gift Whores's picture

I don't know about you but I can't take much more "progress".

It must be a different kind of "progress".

The kind us common folk aren't akin to.

 

Good thing the smart people have everything taken care of.

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