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NNTP-Posting-Date: Sat, 03 Nov 2012 14:34:30 -0500
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Date: Sat, 03 Nov 2012 15:34:32 -0400
From: Frank Galikanokus 
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Subject: Re: Vote 4 Obama
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Mark Hill wrote:
> 
> On 11/3/2012 9:12 AM, Frank Galikanokus wrote:
> >> >  Obama-Nation is an Abomination.
> > This kind of lunacy does not deserve a response.
> 
> This does:
> 
> http://online.wsj.com/
> 
> Mr. Obama told Americans in 2009 that if he did not turn around the
> economy in three years his Presidency would be "a one-term proposition."
> Joe Biden said three years ago that the $830 billion economic stimulus
> was working beyond his "wildest dreams" and he famously promised several
> months after the Obama stimulus was enacted that Americans would enjoy a
> "summer of recovery." That was more than three years ago.
> 
> In early 2009 soon-to-be White House economists Ms. Romer and Mr.
> Bernstein promised Congress that the stimulus would hold the
> unemployment rate below 7% and that by now it would be 5.6%. Instead the
> rate is 8.1%. The latest Census Bureau report says there are nearly
> seven million fewer full-time, year-round workers today than in 2007.
> The labor participation rate is the lowest since 1981.
> 
> So it has gone with nearly every prediction the President has made about
> where the economy would be today. Mr. Obama promised that the deficit
> would be cut in half in four years, but the fiscal 2012 deficit
> (estimated to be above $1 trillion) will be twice the 2008 deficit ($458
> billion).
> 
> Mr. Obama said that his health-care plan would "cut the cost of a
> typical family's premium by up to $2,500 a year," but premiums for
> employer-sponsored family coverage have gone up $2,370 since 2009,
> according to the Kaiser Family Foundation.
> 
> He said that the linchpin for a growing economy would be renewable
> energy investment, and he promised to "create five million new jobs in
> solar, wind, geothermal" energy. Mr. Obama did invest some $9 billion in
> green energy, but his job estimate was off by at least a factor of 10
> and today many solar and wind industry firms are fighting bankruptcy.
> The growth in domestic U.S. energy production that he now takes credit
> for has come almost entirely from the fossil fuels his Administration
> has done so much to obstruct.
> 
> Associated Press
> There's nothing unusual about candidates making grandiose promises that
> don't come true. And it's a White House tradition to blame one's
> predecessor when things don't get better. (Usually these Presidents end
> up one-termers.)
> 
> The bad faith wasn't then. It's now. Mr. Obama really believed that
> government spending would unleash a robust recovery in employment and
> housing—an "economy built to last." Now that this hasn't happened and
> with the Congressional Budget Office predicting a possible recession for
> 2013, Team Obama claims these woeful results were the best that could
> have been expected.
> 
> The problem with this line is that every President who has inherited a
> recession in modern times has done better. (See nearby table.) Under Mr.
> Obama, measured on the basis of jobs, GDP growth and incomes, this has
> been by far the meekest recovery from the past 10 recessions.

Ya don't think the party of NO had anything to do with this do ya?

JAM
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