With that said, how are Obama's policies responsible for the news of better then expected jobs report? No answer as of yet, but the claim is made.
I can hear crickets chirping.
"Republicans believe every day is the Fourth of July, but the Democrats believe every day is April 15." -Ronald Reagan
Well this is certainly not the gloom and doom that has been predicted..
Dropped 1/10th of a point...that is far less worse than many people have been jumping up and down and praying for.
I think that deserves a boost in the poll numbers....expect it.
Dear Leader did not cause the recession--and no one is arguing that he did.
Dear Leader did not cause the financial crisis--and no one is arguing that he did.
Dear Leader did not cause unemployment to rise--and no one is arguing that he did.
Dear Leader did spend $787 Billion of Ben Bernanke's newly printed greenbacks, ostensibly to keep unemployment below 9%--and that did not happen.
Dear Leader spent the second half of the $700 Billion TARP bailout to get banks lending again--and that has not happened to any great degree; credit is still dear, bank balance sheets are still clogged with "toxic" assets.
Dear Leader is not pilloried for the bad results, but for choosing incorrect and unsuccessful methods to mitigate the continued bad results. The reality is the stimulus bill cannot have been the causative agent in this downturn in unemployment, for the simple reason that most of the putative "stimulus" in the bill has not entered the economy yet (and the most generous economist estimate is that 12% of the bill is actual economic stimulus).
Just as Dear Leader is not pilloried for causing the bad results, he is not praised for causing the good results. As he was not the cause for either, in discussing either the proper thing to do with Dear Leader is to disregard him.
Cap and Trade has not passed Senate so it is not yet law. But I agree that if it were to become law the economy would be hurt.Originally Posted by apdst