If you want to blame Obama for job loss, take a look

I continue to argue that presidents get too much blame for a bad economy and too much credit for a good one, especially in the short term. A $14 trillion economy moves in its own cycles, at its own pace, particularly when it’s so intricately connected to a global economy with its own cycles and pace.

But of course, that’s not how most people see it. If the economy falters, government is supposed to rush in and fix it for us. Even conservatives, who generally like to claim that government has no business meddling in the economy, are still quick to blame government when the economy falters or when it doesn’t recover fast enough. (Or at least, they do when a Democrat is in the White House.)

So for those who insist on pressing that argument, take a look at the chart below, compiled by Steve Benen at Washington Monthly. It charts monthly job losses or gains in private enterprise from January 2008 through September 2010. The red months cover the Bush presidency; the blue months cover the reign of the Kenyan usurper.

And what do you know? Monthly job losses peaked in January 2009, Bush’s last month in office. They then began an immediate decline — the much-maligned stimulus was signed into law in February, by the way — and have been in positive territory the last few months.

Conceivably, you could argue that the chart means nothing, that Obama’s inauguration simply coincided with the bottom of the trough. I think that’s largely accurate, although most economists agree that the stimulus did have an effect.

Even if you don’t accept that argument, however, you’ll have a hard time looking at that chart and arguing that Obama’s policies have made things worse, or that with his inauguration, American business simply lost confidence in the future and started laying people off.

Not that some won’t try …

privatejobs_sep10

Source: Steve Benen at Washington Monthly

293 comments Add your comment

Scout

October 19th, 2010
3:19 pm

All I remember is he said he had ALL of the answers. Just elect me and all will be well.

Either he was arrogant, naive, lying or stupid or some combination of all four.

“A politician needs the ability to foretell what is going to happen tomorrow, next week, next month, and next year. And to have the ability afterwards to explain why it didn’t happen.”

Winston Churchill

Doggone/GA

October 19th, 2010
3:27 pm

“All I remember is he said he had ALL of the answers”

Quote please – and link?

Bosch

October 19th, 2010
3:28 pm

Even conservatives, who generally like to claim that government has no business meddling in the economy, are still quick to blame government when the economy falters or when it doesn’t recover fast enough. (Or at least, they do when a Democrat is in the White House.)

Can I hear an amen? AMEN!

Bosch

October 19th, 2010
3:29 pm

“the blue months cover the reign of the Kenyan usurper.”

Jay, you’re bad. :-)

Matti

October 19th, 2010
3:30 pm

Scout,

That’s all you “remember?” Well, bless your heart. I hope your children are taking good care of you.

Bosch

October 19th, 2010
3:30 pm

“All I remember is he said he had ALL of the answers. Just elect me and all will be well.”

Scout must be getting Alzheimer’s then.

Bubba Bob

October 19th, 2010
3:31 pm

“Even conservatives, who generally like to claim that government has no business meddling in the economy, are still quick to blame government when the economy falters or when it doesn’t recover fast enough. (Or at least, they do when a Democrat is in the White House.)”

They should blame the government if they are doing stupid things that hurt the economy. Why wouldn’t they complain about that?

Bosch

October 19th, 2010
3:31 pm

Matti!

JINX!! (Almost :-) )

Bosch

October 19th, 2010
3:31 pm

“They should blame the government if they are doing stupid things that hurt the economy. Why wouldn’t they complain about that?”

Like tax cuts Bubba?

Bosch

October 19th, 2010
3:33 pm

Correct me if I’m wrong, but the “Obama has spent like a crazy rabid slobbering Kenyan usurper (sorry Jay that was just too good” camp — isn’t the deficit now fixed and accurate because it reflects the actual deficit instead of taking the wars off the books — so isn’t it correct to say that Bush actually spent all that cash?

Bosch

October 19th, 2010
3:33 pm

Sorry, not all that cash, but a good chunk of it — minus the stimulus?

Independent

October 19th, 2010
3:35 pm

Jay, keep up the Bush/Obama/any president charade. It is Congress who should get the blame. Let’s see the chart redone but with congressional control. Didn’t think so.

josef nix

October 19th, 2010
3:40 pm

L-rd! I sometimes wonder if the Bruin dreams in charts and graphs! :-) He must be what we teachers call a visual learner…

On topic, though, I’ve go my problems with Fierce Advocate, but the economy, job loss, etc. is not one of them. The market really doesn’t much care who’s in or out at 1600. It operates under its own criteria and, while the administration can do this, that or the other to cheerlead, it exercises very little “control,” something even the orthodox marxists had to conclude! Just my opinion and I admit, charts and graphs aside, I still don’t understand the first thing about it…

stands for decibels

October 19th, 2010
3:43 pm

It is Congress who should get the blame.

Why? what legislation was the House able to push over Bush’s veto, between 1.2007 and 1.2009, that affected the economy?

Peadawg

October 19th, 2010
3:44 pm

Nice chart, Jay. Real pretty and colorful. The fact is that unemployment is still hovering around 10%….just like it was in Bush’s last days. So in reality Obama hasn’t done shyt with his hopey changey.

Mirror, Mirror

October 19th, 2010
3:45 pm

Either he was arrogant, naive, lying or stupid or some combination of all four.

Or, none of the four apply, at least not to the one you point your finger at. Perhaps I can be of service..

Jay

October 19th, 2010
3:47 pm

Well, Independent, what specifically did Congress DO after January 2007 that pushed the economy into recession by December 2007?

Mirror, Mirror

October 19th, 2010
3:47 pm

Actually, I do believe that unemployment in Georgia is 10% while the national average is 9.6%. However that is subject to change from week to week.

stands for decibels

October 19th, 2010
3:49 pm

The fact is that unemployment is still hovering around 10%….

You do understand that the percentage would be worse if we had continued to hemorrhage jobs like we were in late 2008, yes?

josef nix

October 19th, 2010
3:50 pm

Question: Does anyone here actually believe, trust or put faith in what a candidate says on the campaign trail?

Mirror, Mirror

October 19th, 2010
3:51 pm

The house did push through the ag bill over Bush’s veto. I think Bush was rather perturbed with the level of expenditures on such things as food for the poor that were in the bill. I do believe that was in 2008 though.

Lil' Barry Bailout

October 19th, 2010
3:53 pm

Jay, that’s a real pretty chart you’ve got there. Guess what though? Unemployment during our President Bush’s eight years was never as high as it has been in EVERY MONTH of the Idiot Messiah regime.

10% unemployment–not on Bush’s watch.

barking frog

October 19th, 2010
3:53 pm

Presidents have little or nothing to do with the economy
and the same with tax rates. Consumers have everything
to do with the economy. When no one buys the economy
dies. That’s why the Stimulus has had little effect. It did
not stimulate buying. The Bush bonuses worked better
but not much better. People have moods or cycles of
purchasing that are beyond understanding by anyone.
Seems like Adam Smith called it the invisible hand or
something of that nature.

Lil' Barry Bailout

October 19th, 2010
3:54 pm

Oh, and that 10% unemployment rate the Idiot Messiah has locked in for us only cost $800 billion in borrowed Chinese porkulus dollars.

stands for decibels

October 19th, 2010
3:55 pm

Does anyone here actually believe, trust or put faith in what a candidate says on the campaign trail?

Sure, if what’s being discussed seems like a realistic objective. Such things are oftimes talked about in stump speeches.

Scout

October 19th, 2010
3:57 pm

Doggone/GA:

Chew on this ……….

By the way, there is some information for you on the previous thread if you desire to go there ……… or not.

WAYNE ALLYN ROOT: Overwhelm the System

“Barrack Obama is no fool. He is not incompetent. To the contrary, he is brilliant. He knows exactly what he’s doing. He is purposely overwhelming the U.S. economy to create systemic failure, economic crisis and social chaos — thereby destroying capitalism and our country from within.

Barack Obama is my college classmate ( Columbia University , class of ‘83). As Glenn Beck correctly predicted from day one, Obama is following the plan of Cloward & Piven, two professors at Columbia University . They outlined a plan to socialize America by overwhelming the system with government spending and entitlement demands. Add up the clues below. Taken individually they’re alarming. Taken as a whole, it is a brilliant, Machiavellian game plan to turn the United States into a socialist/Marxist state with a permanent majority that desperately needs government for survival … and can be counted on to always vote for bigger government. Why not? They have no responsibility to pay for it.

– Universal health care. The health care bill had very little to do with health care. It had everything to do with unionizing millions of hospital and health care workers, as well as adding 15,000 to 20,000 new IRS agents (who will join government employee unions). Obama doesn’t care that giving free health care to 30 million Americans will add trillions to the national debt. What he does care about is that it cements the dependence of those 30 million voters to Democrats and big government. Who but a socialist revolutionary would pass this reckless spending bill in the middle of a depression?

– Cap and trade. Like health care legislation having nothing to do with health care, cap and trade has nothing to do with global warming. It has everything to do with redistribution of income, government control of the economy and a criminal payoff to Obama’s biggest contributors. Those powerful and wealthy unions and contributors (like GE, which owns NBC, MSNBC and CNBC) can then be counted on to support everything Obama wants. They will kickback hundreds of millions of dollars in contributions to Obama and the Democratic Party to keep them in power. The bonus is that all the new taxes on Americans with bigger cars, bigger homes and businesses helps Obama “spread the wealth around.”

– Make Puerto Rico a state. Why? Who’s asking for a 51st state? Who’s asking for millions of new welfare recipients and government entitlement addicts in the middle of a depression? Certainly not American taxpayers. But this has been Obama’s plan all along. His goal is to add two new Democrat senators, five Democrat congressman and a million loyal Democratic voters who are dependent on big government.

– Legalize 12 million illegal immigrants. Just giving these 12 million potential new citizens free health care alone could overwhelm the system and bankrupt America . But it adds 12 million reliable new Democrat voters who can be counted on to support big government. Add another few trillion dollars in welfare, aid to dependent children, food stamps, free medical, education, tax credits for the poor, and eventually Social Security.

– Stimulus and bailouts. Where did all that money go? It went to Democrat contributors, organizations (ACORN), and unions — including billions of dollars to save or create jobs of government employees across the country. It went to save GM and Chrysler so that their employees could keep paying union dues. It went to AIG so that Goldman Sachs could be bailed out (after giving Obama almost $1 million in contributions). A staggering $125 billion went to teachers (thereby protecting their union dues). All those public employees will vote loyally Democrat to protect their bloated salaries and pensions that are bankrupting America . The country goes broke, future generations face a bleak future, but Obama, the Democrat Party, government, and the unions grow more powerful. The ends justify the means.

– Raise taxes on small business owners, high-income earners, and job creators. Put the entire burden on only the top 20 percent of taxpayers, redistribute the income, punish success, and reward those who did nothing to deserve it (except vote for Obama). Reagan wanted to dramatically cut taxes in order to starve the government. Obama wants to dramatically raise taxes to starve his political opposition.

With the acts outlined above, Obama and his regime have created a vast and rapidly expanding constituency of voters dependent on big government; a vast privileged class of public employees who work for big government; and a government dedicated to destroying capitalism and installing themselves as socialist rulers by overwhelming the system.
Add it up and you’ve got the perfect Marxist scheme — all devised by my Columbia University college classmate Barack Obama using the Cloward and Piven Plan.”

Scout

October 19th, 2010
3:58 pm

josef nix

October 19th, 2010
3:59 pm

Lil’ Barry is NOT a visual learner, on the other hand…maybe tactile? :-)

Mirror, Mirror

October 19th, 2010
4:00 pm

Question: Does anyone here actually believe, trust or put faith in what a candidate says on the campaign trail?

I certainly do not hold Obama to his claim that his efforts would yield an unemployment rate of precisely 8%. Then again, I’m educated. No, not home schooled. However, if McCain had won, I most certainly would have expected him to chase bin Laden to the Gates of Haides, like he promised. Even then, I just wanted to see if he really knew where those gates were at because I think he was exaggerating just a little.

Independent

October 19th, 2010
4:01 pm

I’d the $288B Farm Act would impact the economy and the deficit. Subsidies impact the economy. Also the Medicare Improvement to Patients and Providers Act of 2008. Both were overridden by Congress.

josef nix

October 19th, 2010
4:02 pm

SFD

Okay, now, how often do they deliver AS promised…?

Peadawg

October 19th, 2010
4:05 pm

“You do understand that the percentage would be worse if we had continued to hemorrhage jobs like we were in late 2008, yes?”

Nice crystal ball ya got there. We can all play the what-if game. Who knows, it may have turned around…and may not have.

stands for decibels

October 19th, 2010
4:06 pm

maybe tactile?

Hands on?

if you’re saying the guy posting as “Lil’ Barry” is a wanker, I agree.

josef nix

October 19th, 2010
4:07 pm

SFD
@ 4:06
:-) Actually, though, I was thinking a whap upside the head!

stands for decibels

October 19th, 2010
4:08 pm

Nice crystal ball ya got there. We can all play the what-if game. Who knows, it may have turned around…and may not have.

sure. But I think you’re missing my point, which wasn’t that the job loss might have been stemmed under a McCain administration, but rather that had the losses continued, the percentage would’ve been far worse than 10%.

stands for decibels

October 19th, 2010
4:10 pm

Okay, now, how often do they deliver AS promised…?

looks like a job for…
http://www.politifact.com/truth-o-meter/promises/browse/

Jay

October 19th, 2010
4:12 pm

So Independent, a Medicare law passed in July 2008 and a farm bill passed in May 2008 helped touch off a recession that began in December 2007?

Can I borrow your time machine? I have a bet on the 1975 World Series that I’d like to go back and place.

I’d also note that a majority of Republicans in both the House and Senate voted in favor of overriding the Bush veto on the farm bill. (And actually, I thought Bush was right.)

md

October 19th, 2010
4:13 pm

“Then again, I’m educated.”

“Even then, I just wanted to see if he really knew where those gates were at ”

Sorry, just couldn’t help myself…………….

retired early

October 19th, 2010
4:14 pm

Scout

You have one hell of an imagination. Look …look behind you !!!! there’s the boggie man coming to get you !!! Oh NO !!! he’s a big black man..….. with Big Ears !!! Grow up and quit looking under you bed for monsters.

md

October 19th, 2010
4:16 pm

“A $14 trillion economy moves in its own cycles, at its own pace, particularly when it’s so intricately connected to a global economy with its own cycles and pace.”"

I’d normally agree, but when “gov’t” runs up 15 trillion in debt, it does has an effect on that economy………………….and the cycle.

TDone

October 19th, 2010
4:17 pm

Mr. Bookman, did it ever occur to you the job slide started when we got a Democratic Congress? The business community saw what was coming.

Mirror, Mirror

October 19th, 2010
4:18 pm

Sorry, just couldn’t help myself…………….

No need to apologize. I love the attention.

Atlas Shrugging

October 19th, 2010
4:19 pm

I’ll bet he could organize the hell out of a community, which is exactly what he should be doing somewhere in Chicago.

josef nix

October 19th, 2010
4:21 pm

SFD

I like that site…now if we could just get them for others…

Jay

October 19th, 2010
4:22 pm

TDone, so the business community went and committed suicide, did it?

Out of fear of what the Democrats MIGHT do, they drove the Dow Jones down by more than half, they fired eight million Americans and they came THISCLOSE to turning the global financial structure into rubble.

Really, if that’s the best you can come up with ….

md

October 19th, 2010
4:26 pm

Mirror,

“at”………..one of the most misused words in the English language.

Growing up, if I used a phrase such as “where is it at”, I was always told it was “right before the at”.

josef nix

October 19th, 2010
4:28 pm

“The business community saw what was coming?”

Yeah, sure, the omniscent…what do they say about Diamond Lil 3-1 in the third?

Southern Comfort

October 19th, 2010
4:31 pm

:lol: @ md’s 4:13

I’m looking at the chart, and yes, the businesses got scared that Obama would get elected. Once Obama was sworn in and the world didn’t come to an abrupt end, they realized that maybe they were listening just a little too hard to the rhetoric. That’s just my guess. :lol:

Question: Does anyone here actually believe, trust or put faith in what a candidate says on the campaign trail?

I believe what they say just as much as I believe Santa Claus delivers Easter Eggs thru the pumpkin patch by shooting fireworks on the 4th of July!!!

md

October 19th, 2010
4:37 pm

Say what you will about businesses holding back, but I have had actual conversations with business folks that will tell you straight up they are waiting for a balanced gov’t.

I’m guessing these folks are not alone………..

Mirror, Mirror

October 19th, 2010
4:41 pm

Growing up, if I used a phrase such as “where is it at”, I was always told it was “right before the at”.

I acknowledged that I was not home schooled. What more do you want — a direct admission that I am indeed a product of the Georgia public school system. Okay. You have it. I do draw the line at naming the county/city school and year of graduation though in order to protect the innocent. At what else might I be of service in further explaining.

Jimmy62

October 19th, 2010
4:44 pm

I’m not blaming Obama for job losses. I’m blaming him for the lame recovery we’re going through that will turn into a bigger crash soon.

Pogo

October 19th, 2010
4:45 pm

The real point is, what has Obama done to make things any better? The short answer? NOTHING. His view of capitalism, free enterprise and business as the “Great Satans” of this country is a job killer. We can all sit and think that our political ideology is all that matters but in the end, all that really matters is that those hated Capitalist Corporations and those hated “rich people” employ us and they provide us with a means to provide a decent way of life for ourselves. That is as it has always been and it will never change (if we are lucky). This is not a new concept. Everyone was not made to be rich and for most of us, all we really want is to have a good life which we CAN have in this country if we try and work hard enough. For anyone to be so naieve to think otherwise is idiocy. The government will never be able to hand out enough money to make everyone rich. This is the myth todays progressive/liberal leaders (Obama, Reid, Pelosi, and the Democrats in general) feed to their followers to garner their votes. The old saying “that if it appears too good to be true, then it probably is” was never more applicable.

Jay, everyone will never have the same amount of wealth because there will always be those that contribute more of their time, their effort and quite frankly their lives towards their careers. And, there will always be those that want to sit on their @$$ and who want to have the same thing as everyone else (in a nutshell, the socialists) without any effort of their own. Is that the world you want?

Obama is an out and out failure as a president and the American people inately know it. Obama can blame it on our “blinded” anger if he wants. Biden can call us “un-informed” if wants. Both underestimate the intelligence of the American public and this really displays their arrogance and distaste for their own citizens.

I know this may sound naieve (considering Jays ideological history) but I am very surprised that he is trying to defend Obama. Anyone with any real intelligence (and who are not just relying upon their racial bias) knows this president is a loser. I am not saying Jay isn’t intelligent but his support of an obvious failure of a president is surprising. I mean, he could spin around with many other topics to further his progressive leanings without out and out covering for an idiot (and I say idiot in the political sense of the word). Obama is a bush leaguer who has found himself in the big show.

md

October 19th, 2010
4:47 pm

Mirror – Just having a bit of fun – “at” your expense………..

No harm intended…………

Southern Comfort

October 19th, 2010
4:47 pm

I’m not blaming Obama for job losses. I’m blaming him for the lame recovery we’re going through that will turn into a bigger crash soon

If you’re not blaming Obama for the job losses, why do you blame him for the recovery or lack thereof? I’ve heard from countless posters here that “the government does not create jobs”. If that’s the case, isn’t the onus to create jobs on the private sector? The Right got hot under the collar when Obama stepped in to help the auto businesses. Are you suggesting that the government take over the private sector and create more jobs to help the recovery?

Pogo

October 19th, 2010
4:49 pm

“Bush leaguer”. There is an irony in that, isn’t there?

Scout

October 19th, 2010
4:50 pm

retired early:

Grow up? Thanks. I wish I could but I’m only 63.

Sheep, wolves and sheepdogs.

You must be a sheep? I’m a sheepdog ……. have been since I was 18.

Mirror, Mirror

October 19th, 2010
4:51 pm

Growing up, if I used a phrase such as “where is it at”, I was always told it was “right before the at”.

Perhaps a little reflection is in order. Free of charge.

Paul

October 19th, 2010
4:53 pm

good afternoon, josef nix

“Does anyone here actually believe, trust or put faith in what a candidate says on the campaign trail?”

Sure. I actually believe, trust and put faith in all the pronouncements of our governor as he stands for reelection. I know that what he says on the campaign trail will prove he’s a liar. I know his actions will prove he’s a coward. I know his addressing of the issues, when compared with what he’s done, will prove he’s incompetent.

I have complete faith in the man and what he says.

Keep up the good fight!

October 19th, 2010
4:53 pm

Jay, tell me that you would not bet AGAINST the Red Sox? Even knowing Cinn Reds would win…still it was a great series and I was in Kenmore Square at the end.

It is simply incredible the spin given to the wingnuts to the job loss graph. No need to sound the wanker alert…SFD did a great job.

md

October 19th, 2010
4:54 pm

“The Right got hot under the collar when Obama stepped in to help the auto businesses.”

How many construction industry jobs did he step in and save????? Real Estate agents????
Framing crews???? Cement companies??????

Need I continue??

ODDOWL

October 19th, 2010
4:54 pm

I predict that if the Repuklican Tea Party take control of congress, by this time next year the economy will be in shambles and the unemployment rate will soar to 20%. America is on the slippery slopes and the Tea Party Repuklicans are attempting to push her over the cliff. Americans are preparing to roll the dice on November 2. A vote for Democrats will produce 7’s or 11’s. A vote for Repuklican Tea baggers will produce snake-eyes.

RW-(the original)

October 19th, 2010
4:56 pm

Can I borrow your time machine? I have a bet on the 1975 World Series that I’d like to go back and place.

Once a Red Sox fan got back to 1975 they’d convince themselves it was going to turn out different this time.

md

October 19th, 2010
4:59 pm

“Perhaps a little reflection is in order. Free of charge.”

I more than likely put the hex on myself – I rarely point out usage mistakes on a blog knowing we all do it and that after I point it out I will end up doing it threefold. For some reason, that one just jumped out at me. Must have been the years of conditioning from using “at” incorrectly myself.

Sorry………..

Southern Comfort

October 19th, 2010
5:00 pm

Continue on. Maybe you can answer my question.

If the government does not create jobs, AND
The private sector is responsible for job growth, AND
Obama is responsible for this lame recovery…
Does Obama need to take over the private sector to help boost the economy?

That was my question.

I didn’t think the government needed to spend one red cent to save ANY private sector company. I would have been happy as hell if the banks had collapsed the entire friggin’ country. If they had did that, their money would have been just as worthless as mine. Sometimes you learn a lesson thru tough love. Maybe a collapsed country would have been G*d’s way of punishing us for allowing greed to manifest itself on such a large scale.

Now you may continue.

Jay

October 19th, 2010
5:01 pm

Good Fight, RW:

Maybe I’d just arrange things so that Joe Morgan came down with a touch of food poisoning. Just a touch, you know. Because he does seem like a nice guy and all.

josef nix

October 19th, 2010
5:02 pm

PAUL
And a good evening to you, Sir. Your summation above is pretty much my own. BTW missed your input earlier in the discussion of schooling and education.

md

October 19th, 2010
5:02 pm

“Americans are preparing to roll the dice on November 2. A vote for Democrats will produce 7’s or 11’s.”

Must have missed our earlier conversations on the downfalls of having one party control all of gov’t. But, a side chooser wouldn’t much care.

Keep up the good fight!

October 19th, 2010
5:04 pm

Jay, can you arrange the same for Bucky Dent?

Jay

October 19th, 2010
5:05 pm

Bucky would require more than a touch.

md

October 19th, 2010
5:06 pm

“I didn’t think the government needed to spend one red cent to save ANY private sector company.”

soco – for the record, I’m in agreement. But also for the record, I think this admin got it’s reputation from picking and choosing which one’s it saved. That goes for the last admin too………….

Del

October 19th, 2010
5:07 pm

Government can create the environment for success or it can be an impediment. The current administration along with congress has been an impediment. The focus on Obama’s domestic agenda and failure to extend the Bush era tax cuts that will adversely effect small business has created an environment of uncertainty for the private sector. Putting up a chart that shows unemployment peaking on Bush’s watch doesn’t cut it because the unemployment rate and job loss has continued for two years with Obama in the White House along with a Democrat controlled Congress. Unemployment, out of control spending, the only thing growing is the deficit. Time to hope for a change.

md

October 19th, 2010
5:08 pm

Did you guys see the Double Bucky in that last series with the Marlins?? Would have made Bucky proud……..

josef nix

October 19th, 2010
5:08 pm

SoCo

I know I’m not the sharpest tack on the subject of the economy and Jay’s charts are pretty to look at, but they really only confuse me even further. As far as that bail out bit was concerned, it would have made more sense to my simple mind to have just divvied it up equally and given all 300 some odd million of us our share and let us jump start the economy ever how we saw fit…

Doggone/GA

October 19th, 2010
5:10 pm

“Question: Does anyone here actually believe, trust or put faith in what a candidate says on the campaign trail?”

Apparently YOU did…else why do you still call him “Fierce Advocate”?

RW-(the original)

October 19th, 2010
5:11 pm

Jay B,

Since you’d be going back with a little knowledge from the future you could just hand Joe Morgan a microphone and he’d never grab a bat the rest of the series. Save the slight case of food poisoning for Tony Perez.

carlosgvv

October 19th, 2010
5:13 pm

It should be understood by now that this recession is worldwide and was not caused by the Democrats or Republicans. Contrary to what many of you think, the world does not always dance to America’s every tune. It is beginning to look like this particular recession is in unchartered waters, and if that is so, I doubt any American politican or political party can fix it. Today’s recession, which by the way is NOT over, may be tommorrow’s enduring reality.

md

October 19th, 2010
5:13 pm

“Does Obama need to take over the private sector to help boost the economy?”

Sorry, back to your question – absolutely not…………..

Other than Wall St, the perception is that Obama saved only Union jobs…………which helps lead to the perception of anti-business. He bailed out GM and Chrysler……..he usurped the bankruptcy laws in the Chrysler case in favor of the unions……….and he put in an exemption for the unions in the healthcare bill………..

Perception more often than not becomes reality……………

getalife

October 19th, 2010
5:15 pm

Hamel has a no hitter top of the forth.

0-0.

josef nix

October 19th, 2010
5:15 pm

Doggone

:-) Well, you told me not to call him Jug Ears! Did you see the latest on DADT and the recruiters?

Doggone/GA

October 19th, 2010
5:19 pm

“Did you see the latest on DADT and the recruiters?”

No, haven’t see that yet

josef nix

October 19th, 2010
5:22 pm

Southern Comfort

October 19th, 2010
5:23 pm

Del

I don’t buy the creating an environment. The government can pass all kinds of laws, and businesses will still exist. People need food, shelter, clothing, and other necessities. It’s not that businesses are scared of any “environment”, they are just more worried about their investors than the customers they service. Isn’t it a belief that in a free market system that if one company fails another one will take it’s place? All it would take is one company to decide to jump at the chance to broaden their customer base by expanding and putting people back to work.

Another question, if the “environment” is so bad, why are foreign companies investing here and building plants? Germany, which operates closer to socialism than the US, has an economy that is doing better than ours. German companies are building plants here now.

US companies want the government to give them a free ride so they can rig the game. If they wanted to compete on a fair playing field, the opportunity to jump in was when the economy bottomed out. Instead, they’re hoping to get someone who’s friendly to them and will turn their back so that the companies can get back to “business as usual”

I know I’ll take some heat for this post, but I’m talking about the large corporations and businesses that currently have a chokehold on the economy. I’m not talking about the small business owners. They can’t act for the most part because of the inactions of the major players.

RW-(the original)

October 19th, 2010
5:25 pm

It took exactly one batter for getalife to jinx that one.

Doggone/GA

October 19th, 2010
5:25 pm

Josef…sounds like a new policy: YCTBWCAORT

“You can tell but we can’t ask or tell”

Southern Comfort

October 19th, 2010
5:28 pm

md

Thanks for your response. I was just trying how Jimmy was holding Obama responsible for the lame recovery when he does not control job creation. Like you, I don’t think the Obama Administration should have gotten so entangled into the actions and operations of any businesses. As far as perception, when people rely on perception instead of reality, their view on reality is already fubar.

josef nix

October 19th, 2010
5:30 pm

Doggone

This whole mess has reached the ludicrous stage. As my boy said, “why do I feel like I’m trapped in an Ionesco play?”

getalife

October 19th, 2010
5:31 pm

We need to get to work because we are falling behind.

Corporations should stop getting corporate welfare (socialism) and make some capitalism money.

Stop sitting on those billions and hire people.

Move forward from the bush disaster not back.

Doggone/GA

October 19th, 2010
5:32 pm

“This whole mess has reached the ludicrous stage”

Yeah, no kidding. And some other judge will put a stay on the stay and the merry-go-round will go ’round again.

The Rent Is Too Damn High Party

October 19th, 2010
5:34 pm

“The government’s job is to make sure you have a job, a house, food and clothing, healthcare and some money in your pocket.”

josef nix

October 19th, 2010
5:39 pm

Doggone

I see your stay and raise you one….!

Paul

October 19th, 2010
5:40 pm

josef nix

Have been selective with time – just had new windows put in on the west side (gotta take advantage of that energy tax credit) and…. been goin’ nuts with a scanner problem. Black line keeps showing up at the top of my scanned images. Went away for a bit but it’s back, wider than ever. Aaarghhh….

Doggone/GA

October 19th, 2010
5:40 pm

“I see your stay and raise you one….!”

Yeah, that too!

F. Sinkwich

October 19th, 2010
5:42 pm

Nice chart, Jay.

New lib rallying cry: Hey, we know it sucks out there, but we’re not to blame, and it could be worse !!!! And Bush sucks !!!

Let’s count how many looney-toons rally around that flag in two weeks.

The bigger point is Obama is anti-business, anti-freedom, anti-America, pro-socialist, pro-big-government, pro-union, and anti-individual responsibility. And his policies reflect all of that.

What a great environment for job growth — not.

The economy won’t get better until he’s out of office. He’s clueless.

JohnnyReb

October 19th, 2010
5:44 pm

For $3 Trillion dollars, we should have gotten more.

From CNS News: It’s official: The Obama administration has now borrowed $3 trillion, according to the U.S. Treasury Department.

It took from 1776, when the United States became an independent country, until 1990, the year after the Berlin Wall fell signaling victory in the Cold War, for the federal government to accumulate a total of $3 trillion in debt, according to the Treasury Department. It only took from Jan. 20, 2009, the day President Barack Obama was inaugurated, until Oct. 15, 2010, for the Obama administration to add $3 trillion to the federal debt.

The overall debt of the federal government, according to the Treasury Department, is now $13.666 trillion.

Del

October 19th, 2010
5:44 pm

SoCo,

I couldn’t disagree more. Government action/inaction certainly can and has affected the business climate and both parties have been culpable. First of all we have the second highest corporate tax rate in the world, we’re among the highest in labor cost. We have politicians negotiating trade agreements with countries who can produce at a much lessor cost and ship product into our marketplace, while they restrict there own markets from our products and services. This “hate American big business” attitude is troubling. Both large and small business aren’t responsible for this so called free trade global economy mess, the politicians are.

Doggone/GA

October 19th, 2010
5:46 pm

“Went away for a bit but it’s back, wider than ever”

Paul…power your scanner off for about 3 minutes, or more if the glass feels warm. The power it back on and scan something with a clean white sheet of paper covering every piece of glass not covered by your document. See if you still get the black line. If you do, it might mean the scanner is not moving all the way up to the top of the glass.

@@

October 19th, 2010
5:46 pm

Like, josef, I have limited knowledge of economics. I did, however, sense something was going on during the Bush administration. Foreclosures and mortgage fraud were taking their toll here in Clayton County. Wasn’t aware it was nationwide though.

I still say it wasn’t/isn’t necessary for Obama to intimidate the entire business community. If there were crimes committed within the major players (banks) prosecutions should have followed. What better way to deter future crimes. No need to saddle ALL businesses with cumbersome and costly regulations.

His, is, in my opinion, a failing approach that will only make things worse. Either nationalize ALL business (socialist/communist approach) or set ‘em free to do what they do best…create jobs and spur economic growth.

Business is the engine that drives this nation. Obama needs to take a seat in the caboose.

josef nix

October 19th, 2010
5:48 pm

PAUL
Diabulus ex macchina! I’m tellin’ ya…

The Rent Is Too Damn High Party

October 19th, 2010
5:49 pm

The GM / Chevy Volt is a lie. The company intentionally misled the public about the capabilities of the car, it’s mileage and the mechanics of the design.

The Volt will sell for $41,000 and GM loses almost four thousand dollars on each car. THEY LOSE MONEY ON THE CAR for those who have trouble understanding.

The Toyota Prius, by contrast, costs around $20,000 and it is profitable. Consumers like it so they buy it.

Who’s buying The Volt? uhhhhhhh…… Nobody.

Motor Trend and Popular Mechanics ran the numbers. They are legitimate.

Another lie from ObamaMotors and the American people get screwed again.

Read it for yourself:
http://jalopnik.com/5661051/how-gm-lied-about-the-electric-car

Doggone/GA

October 19th, 2010
5:50 pm

“I still say it wasn’t/isn’t necessary for Obama to intimidate the entire business community”

He doesn’t…that’s just a convenient excuse to use. They’re trying to blackmail the politicians into reducing oversight. And, sad to say, it will probably work.