So Obama can stop the oceans from rising but...

[coadie]

Originally Posted by Jermyn Davidson

Did this multi trillion dollar defict occur in the little over 8 months that President Obama has been in office?

On January 20, were we at $0.00 debt and today August 26 were trillions of dollars in debt?



So if economists say that the stimulus was the right decision, and if the decision for the stimuls packages was largely influenced by the Republican Bernanke, where is the Democrat President Obama at fault?

If the government did not act the way it sis, most educated folks will tell you that we would have went over the brink.


It's foolish to blame our current President for the economic mess-- most folks don't.

His latest picks, Former Federal Reserve Chairman Paul Volcker and University of Chicago economist, Austan Goolsbee, are no exception.

Volcker, 81, will head the Economic Recovery Advisory Board, a new White House panel to help President-elect Barack Obama create jobs and bring stability to the ailing financial system. Goolsbee will be the Economic Recovery Advisory Board's top staff official

"Vice President-elect Biden and I have assembled an economic team with the vision and expertise to stabilize our economy, create jobs, and get America back on track. Even as we face great economic challenges, we know that great opportunity is at hand -- if we act swiftly and boldly. That's the mission our economic team will take on," said President-elect Obama in a statement released on November 24.

Meet the members of Obama's economic team:



Read more: http://www.nydailynews.com/money/200...#ixzz0PLv1lIRR

Paul Volcker, the former Federal Reserve chief President Obama tapped in early February to head up a board offering outside economic advice, doesn't sound happy that the panel has yet to hold a formal meeting.

"The whole organizational side of this has been a nightmare," Volcker told the Wall Street Journal on Saturday.

Obama isn't connecting with the panel. It was all big talk before the innaguration and he ignores it.

Obama is not getting advice from Volcker

[Ferd]

Originally Posted by Jermyn Davidson

Ferd,
Was the deficit accumulated in the last 8 months alone?

Bernanke the Republican is staying put-- could it be that his Republican prescription for the American economy that was at the brink of collapse is working, slowly, but working?

Spend now is better than economic collapse now.



Harldy anyone on the right was screaming about government spending when the Bush White House was giving out government contracts with neglible oversight to control the spending of those private companies on the tax payers dime.

This was done in the name of "Suporting Our Troops" and we still did not have the proper body armor or protection for our vehicles into very, very late in the game.


If the economy had collapsed, then Obama would be blamed for not being experienced enough to handle the national crisis.

The economy didn't collapse, so the Republicans blame him for the multi-trillion dollar deficit that he accumulated in little over 8 months of being in office.


This the pot calling the kettle black.

Jermyn, your question doesnt address the problem Obama and his crack team miss stated the deficit by 30%! They didnt revise numbers up by some paultry amount, this is HUGE.

It indicates that they are either inept or were dishonest about the amount of debt they were wracking up! either way this is very bad!


and by the way to answer your question, when Barak Obama took office, the estimated deficit spending level over 10 years was around 1 trillion dollars. Barak has spent like a drunken sailor.

as for the stimulus package passed this year, NO economist has stated that it has done a blessed thing to impact the economy. better than 85% of the money in that bill wont be spent until 2010 - 2012. It isnt a stimulus bill.

Obama isnt doing things to help the economy. He is doing things to push America towards a top down government system. A system where government is in control of ever expanding aspects of an idividuals life.

We are seeing all the things we said would happen before the election. You said he would do those things then, now you are saying he isnt doing them when we see it every day.

I dont get it.

[coadie]

Ferd did you note my post? They set up this big hairy crackpot economics team during the transition period. Between the election and Innaguration. Then the team never meets and it doesn't advise the Pres. it was just putting on a front. Kinda like gathering all the evangelicals to see the Pres and then he rolls out more abortion monies.

[Ferd]

Originally Posted by coadie

Ferd did you note my post? They set up this big hairy crackpot economics team during the transition period. Between the election and Innaguration. Then the team never meets and it doesn't advise the Pres. it was just putting on a front. Kinda like gathering all the evangelicals to see the Pres and then he rolls out more abortion monies.

yes, after my post and I remember Volker talking about that.

in addition to Volker not being able to advise the president, the great Warren Buffett who was a big Obama supporter before the election has been less than supportive of the Presidents policy.

those "great minds" Obama assured us he was listening to, eveidently have lost Obama's phone number.

[coadie]

Originally Posted by Ferd

yes, after my post and I remember Volker talking about that.

in addition to Volker not being able to advise the president, the great Warren Buffett who was a big Obama supporter before the election has been less than supportive of the Presidents policy.

those "great minds" Obama assured us he was listening to, eveidently have lost Obama's phone number.

Even "Pastor Wright" who claims the Jews don't let Obama return his phonecalls.

So is Buffet considered thrown under the bus?