Listen To Obama Convey The Teleprompter's Latest Thoughts On The Economy And Jobs

Tyler Durden's picture

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DonnieD's picture

I thought he was on vaca with the fam.

flacon's picture

 

 

When will the people wake up and realize that GOVERNMENT has no ability to "CREATE PRODUCTIVE JOBS"?

 

We just want the government to enforce full-reserve, debt-free money, and then get out of the way. 

flacon's picture

"Government needs to INVEST Roads, airports and sea-poarts". 

GOVERNMENT HAS NO ABILITY TO "INVEST" IN ANYTHING. What the hell is he smoking?! 'Invest' MY ASS!!!!

Greater Fool's picture

Who, easy on the caps lock key there, fella.

The idea, I gather, is that building infrastructure leads to more economic activity which leads to enough additional tax revenue to justify the expense. Our representatives, Republican and Democrat, seem to believe in this strategy so strongly that they've levered us up to carry it out.

It sounds good, but I'd say that performance so far has not been very convincing.

Kat's picture

That's the idea.  However, there's no evidence that when GOVERNMENT builds the roads, that we don't overpay for them. 

Also, are we really in recession because we have third world infrastructure where we can't drive our trucks from one location to another?  I don't think so.

This is just another government boondogle where they desperately want us to believe that the Keynesian multiplier is not a fraction (despite all evidence everywhere where Keynesianism has been tried). This works great for politicians because they get to spend your money to buy votes in their districts.

I think most of us here understand the scam.

ping's picture

+ 1 million internet points.

MillionDollarBonus_'s picture

That is quite a shocking comment when our government has just navigated us through one of the worst financial crisis in all of history. I am horrified to see so many childish, immature libertarians criticise economic policies that they clearly don't understand. Under the guidance of top nobel-prize winning economists, our government has saved the economy from complete destruction through monetary and fiscal stimulus. I know it's complex for most of the ognorant doomers to understand but the logic is summarized as follows: "more monetary stimulus = more consumption = more service sector job growth".   

FLIP THAT BOND's picture

Sweet, I don't want to produce anything..I'd much rather be serviced more.  Stimulate on...

SMG's picture

"more monetary stimulus (Robbing the savers blind)  = more consumption ($7.00 gas and $20 a loaf bread) = more service sector job growth (food stamp card processors)"

You are correct, brilliant equation

ping's picture

@ MillionDollarBonus_ 

This is an epic troll, right? A few posts from now you'll go 'Ah! Gotcha!' and we'll all laugh about it. That's got to be it.

You work in the public sector? Or not at all?

Spacca.

Kat's picture

AMEN, brother!

Incredible economic illiteracy. 

Jobs are created when the addition of an employee creates more wealth than you pay him.

Otherwise, you're just flushing money down the toilet and calling it a "job".

Although, I think the government can indirectly create jobs by GETTING THE HELL OUT OF EVERYONE'S WAY.

All the idiotic red tape and totally useless regulation creates a drag on the economy something on the order of 25-30% of GDP.  Astonishing.

Greater Fool's picture

Ah, another trip to the verbigerator.

fuu's picture

Is there another auction tomorrow? I don't have the current schedule handy.

HUGE_Gamma's picture

"and if you donate $50 or more right now, well even send you a free campaign mug made by our good friends in China"

ElvisDog's picture

He's all fired up today. As usual, though, just meaningless rhetoric and big picture crapola about how hard-working the American people are. Nothing specific, nothing tangible.

bigdumbnugly's picture

didn't i just listen to this blamefest a few times last week?

and the week before, and the week before?

etc.  etc.

Betty Swallsack's picture

This calls for a group eye roll.

TrafficNotHere's picture

Typical of the telepimpter in chief. Blames the "other side" who were "unwilling to compromise" lead to the S&P downgrade. Moron. What about his lack of compromise that any solution which did not raises taxes was off the table.

AldoHux_IV's picture

I'm reminded of the wise words/lyrics from Stevie Wonder in the song titled "You Haven't Done Nothin'".

Azannoth's picture

Guess the answer win a prise!

The President's background is ?
(Hint notice the orathorical skills)

a) Vacumecleaner salesman
b) Used Bible salesman
c) Pimp
d) Community-organizer
e) Teleprompter handy-man

Mactheknife's picture

I know, I know!! It's a trick question..right?  It's f) All the above.

So, what did I win?

ping's picture

@ Azannoth.

Ooh! Ooh! I know this one! Obama's a dog-botherer! Reaches his hand right around and has a good rummage. Tempts them with dog biscuits and promises of walkies, then 'bam!', action time. Long legged mac daddy fun has never been so hairy.

Do I win a prize? I want a signed poster of Pelosi bathing in virgins' blood. Or a 'whAt I dId wen PreSIdunt onlee duh bad wyte peepul got in da way' essay from Obama. 

 

bigdumbnugly's picture

same blame game

lame

Jonas Parker's picture

Silence is golden... Obama's verbage is valueless. When will someone on his staff just sit Bozo down and tell him to STFU?

FunkyMonkeyBoy's picture

Jesus - murdered; Martin Luther King - murdered; Malcolm X - murdered; Gandhi - murdered; John Lennon - murdered; Reagan... wounded; Obama... lov'n the golfing life.

EvlTheCat's picture

Are you volunteering or just producing more written
diarrhea? Between you and unAnonymous I don't know who is the bigger mouthed hypocrite!!

Incubus's picture

I'll take that title.  I like titles.  Anything to distinguish me--my ego rests upon distinguishment.

 

And here's some tittles for you, bitchez:  iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiijjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjiiiiiiiiiiiiiiiiiiiiiiiii

ping's picture

Sarcasm aside, you've got a point. How the hell hasn't some dude who's lost everything decided to cap this CIA-Wall Street shill? The Mac Daddy's ruined so many lives, I can't believe some newly homeless poor bastard hasn't taken some pot shots at him. 

Note to the douches at the FBI: I'm neither encouraging violence not threatening it. I'm honestly bemused no-one's tried to take a potshot at the worst president in US history. (You monitor the net, right? Aren't people pissed? So it's pretty amazing no-one's tried to do-in this guy.)

Mr Lennon Hendrix's picture

He sounds desperate.

Jobs Program

It could be as early as this week, but before Bernanke utters the words 'continued easing', there will be a proposal put forth by President Obama to have a quote, 'Jobs Program'.

Continued at the link below....

http://lhmarketwatch.blogspot.com/2011/08/jobs-program.html

Spastica Rex's picture

ROAD CONSTRUCTION BILL WILL SAVE US!!!!!!!!!!!1!!1!!!!

Mactheknife's picture

That's the ticket...now we're talkin...LMAO

SokPOTUS's picture

Wait...I thought cars were evil.  Crap.  I'm so confused.

I thought O'blame-a was in favor of High-Speed Fail Projects?

 

Sudden Debt's picture

I think now he's at martha's v. he's yet again 1 step closer to the common people.

I think it that which inspired him to give his view on the real world.

Long-John-Silver's picture

Is this a repeat of a prior speech?

baby_BLYTHE's picture

he just keeps saying the same thing over and over yet nothing ever happens. What a joke.... it will just keep going on until the whole system collapses, that will be the end

Mr Lennon Hendrix's picture

The term 'Big Brother' was never so apropos.

flacon's picture

He's talking about "everybody has to chip in because THAT'S FAIR!"

Hey Mr Osama, can I choose to OPT OUT and CHOOSE NOT TO BE TAXED? ... I thought not... F-U!

SokPOTUS's picture

Sure you can!  Just sit home and do nothing.  Most of your fellow citizens do that these days, and they pay no taxes.

You really need to get with the program.

 

sbenard's picture

Apparently, the minions at the Wall St Pollyanna Party like the Teleprompter Tyrant this time!

km4's picture

Did he mention the $53 Billion monthly trade deficit ?

This guy is a pretender clown !

Long-John-Silver's picture

America is Doomed. It's not going to make it to 2012.

baby_BLYTHE's picture

correct. and as I said earlier...

The FED is going to blow itself to pieces before Bernanke's second term as chairsatan expires.

This is not sustainable, it is the true bubble in this economy:

flacon's picture

Hey Obama, can we hold Ben Bernanke ACCOUNTABLE? 

 

Oh. that's the end of his speech. Gotta go get them barbecue burgers on the grill?

sbenard's picture

Hey Emperor Obama, there is nothing FAIR about coveting and stealing on a societal scale. Tyranny is his trade! Progressivism IS tyranny!

To the Emperor, fairness is that one small group gets to fund endless free government gifts for eternity, all at the point of a government gun. what kind of diabolical thinking uses FORCE to "entitle" the whole population? It creates a sense of "entitlement" in everyone, with only productive people being compelled to pay for the entire population. I'd rather have the opportunity to BE or BECOME part of that group rather than to steal from it. Even the huge midddle class now feels entitled!

Redistribution of wealth is TYRANNY disguised as charity because it's based on FORCE, not LOVE! That's the very definition of tyranny -- FORCE! it says something fundamental about Obama, is character, and progressivism that they feel justified in using coercion to acheive their goals. In progressivism, the end always justifies the means. That's straight out of Satan's play book!

John Galts of the earth unite and go on strike!

Joebloinvestor's picture

He has already proved he is irelevant, now all he has to do is fade into obscurity.