Putting down our future president

[MachZer0]

Well the obama recession is well under way...

And likely to get deeper. He could probably help if he would just promise to give up his tax increases. Of course with his track record for honesty we would need that in writing and notarized

 

[Sphere]

How can it be "Obama's recession" if he hasn't been in power?
Ringo

That's the way it works in the minds of some conservatives. They blame republican failures on the democrat, and give the democrat successes to the republican. Here's some examples:

Economy tanks under Reagan = They falsely attribute it to Carter.
Economy picks up under Clinton = They falsely attribute it to Reagan
Economy tanks under Bush Jr = They falsely attribute it to Clinton/Obama's.

Heck, Obama isn't even IN office yet and he's already being blamed for the failures of George W. Bush. Just wait and see, when the economy picks with Obama and the democrats in control, they'll again falsely attribute it to George W. Bush & republicans.

Watch. It'll happen.

 

[GQ Chris]

Well if it were up to liberals they would blame the entire recession on Bush which is pretty much the plan if bambam's theory doesn't work in one term...

 

[Ringo84]

That's the way it works in the minds of some conservatives. They blame republican failures on the democrat, and give the democrat successes to the republican. Here's some examples:

Economy tanks under Reagan = They falsely attribute it to Carter.
Economy picks up under Clinton = They falsely attribute it to Reagan
Economy tanks under Bush Jr = They falsely attribute it to Clinton/Obama's Fault

Here's a prediction: When the economy picks up under Obama and the democrats in office, they'll falsely attribute it to George W. Bush. Watch. It'll happen.

In other words: for some people who supposedly belong to the party that values accountability, everything is someone else's fault. Gotcha.
Ringo

 

[Ringo84]

Well if it were up to liberals they would blame the entire recession on Bush which is pretty much the plan if bambam's theory doesn't work in one term...

That doesn't answer my question. If Obama is not even in power yet, how can the recession be "Obama's recession"?
Ringo

 

[Steve Petersen]

That doesn't answer my question. If Obama is not even in power yet, how can the recession be "Obama's recession"?
Ringo

Markets anticipating worse business climate under Obama with regard to taxes and regulation, that's how. Causing sell off.

People selling assets now in expecations of higher capital gains taxes. In fact, there was a story last week about a professional team owner who had decided to sell the team now rather than wait for the Democrats to raise the gains tax.

 

[Sphere]

In other words: for some people who supposedly belong to the party that values accountability, everything is someone else's fault. Gotcha.
Ringo

Precisely, they always manage to land the fault at someone elses feet. Its totally irrelevant to some of these conservatives that reality and history totally disagrees with them. And they'll make up excuses as they go along, such as: "Historians and Academics (economists) are liberals".

 

[Ringo84]

Markets anticipating worse business climate under Obama with regard to taxes and regulation, that's how. Causing sell off.

People selling assets now in expecations of higher capital gains taxes. In fact, there was a story last week about a professional team owner who had decided to sell the team now rather than wait for the Democrats to raise the gains tax.

The recession started long before Obama even took his oath of office. He has nothing to do with it. The markets anticipating that we haven't yet hit rock bottom also have little to do with Obama.

Your argument is ridiculous. "It's all Obama's fault because he was elected right in the middle of the crisis!"
Ringo

 

[Steve Petersen]

The recession started long before Obama even took his oath of office. He has nothing to do with it. The markets anticipating that we haven't yet hit rock bottom also have little to do with Obama.

Your argument is ridiculous. "It's all Obama's fault because he was elected right in the middle of the crisis!"
Ringo

This is from Wikipedia:

A recession is a contraction phase of the business cycle, or "a period of reduced economic activity."[1][2] The U.S. based National Bureau of Economic Research (NBER) defines a recession more broadly as "a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP growth, real personal income, employment (non-farm payrolls), industrial production, and wholesale-retail sales."[3] A sustained recession may become a depression.

I think we can safely put this recession in the lap of Fannie Mae and Freddie Mac. Responsibility for oversight of these organizations fell into the Democrats laps a couple of years ago. Barney Frank insisted there was nothing wrong.

 

[Ringo84]

Technically a recession is two consecutive quarters of negative GDP growth. Are we there yet?

I don't know. All I know is that Obama had nothing to do with it. Thus, calling it "Obama's recession" is intellectually dishonest.
Ringo

 

[Steve Petersen]

I don't know. All I know is that Obama had nothing to do with it. Thus, calling it "Obama's recession" is intellectually dishonest.
Ringo

You missed my edit. Reread that last post.

 

[Ringo84]

You missed my edit. Reread that last post.

I read it. I still fail to see how this recession has anything to do with Obama at all.
Ringo

 

[Steve Petersen]

I don't know. All I know is that Obama had nothing to do with it. Thus, calling it "Obama's recession" is intellectually dishonest.
Ringo

While part of that may be true, anticipation of his greater taxes and is having an additional negative impact on investors. He may not have started it, but he sure as heck can extend it, maybe into a Depression.

 

[Ringo84]

While part of that may be true, anticipation of his greater taxes and is having an additional negative impact on investors. He may not have started it, but he sure as heck can extend it, maybe into a Depression.

Since Obama has not yet taken the oath of office, he is completely unable to expand or contract this recession at all. Thus, he has nothing to do with the recession.
Ringo

 

[Steve Petersen]

Since Obama has not yet taken the oath of office, he is completely unable to expand or contract this recession at all. Thus, he has nothing to do with the recession.
Ringo

His previous rhetoric does have an effect on expectations. Those expectations affect how people invest. Simple equation. He created the expectation with his rhetoric.

 

[Ringo84]

His previous rhetoric does have an effect on expectations. Those expectations affect how people invest. Simple equation. He created the expectation with his rhetoric.

He did not create this entire recession solely due to his rhetoric. Therefore, once again: this is not "Obama's recession".
Ringo

 

[Steve Petersen]

He did not create this entire recession solely due to his rhetoric. Therefore, once again: this is not "Obama's recession".
Ringo

The phrase 'rose colored glasses' leaps to mind.

 

[Ringo84]

I agree. It takes rose-colored glasses and quite a bit of rationalization to truly believe that Obama has something to do with this recession.

The only thing you're doing is showing how desperate and bitter some Republicans are.
Ringo

 

[Golden_Cross]

I am getting tired of all the racial stuff I am getting. The last one was entitled "Color Guard Preparing for 2009 Inauguration", below was a picture of African Tribal dancers.

THANK YOU! that was my whole point right there, jokes like that... IT doesn't help our country

 

[Wirraway]

personally, I'm looking forward to this change of regime. for the last eight years, its been "blame bush" for everything: the wind, rain, 9/11, the stock market, hangnails, darkness at night. now, its the DNC and obama's turn. no matter what the One does, we'll find a way to skewer it and trash him.