Barack Obama returns from his August vacation with a growing pile of problems facing him on just about every front. The economy is in a nosedive, his party is on the brink of losing its majority and the country is losing faith in his ability to lead. To a large extent, it could be said that it wasn't just Obama who was on vacation, it was his presidency. Here's what has been happening while he's been away:

1) FAILING ECONOMY: The weak Obama economy continues to unravel at an ever-faster pace, raising fears of another recession. Failure marks every economic problem he said he could solve: The housing industry is in a collapse, foreclosures are rising, jobless claims are mushrooming and the recovery -- such as it was -- appears to be vanishing.

The "evidence mounts that the economic recovery is coming unglued," writes economics reporter Neil Irwin in the lead story of Thursday's Washington Post. New home sales have hit an all-time low, durable goods orders are "a bare fraction" of expectations, the economy growth was growing more slowly in this second quarter than previously forecast. Top economists say the worst is yet to come.
Townhall - Donald Lambro - Obama's Epic Failures - Full Article (http://townhall.com/columnists/DonaldLambro/2010/08/27/obamas_epic_failures/page/full)

And I thought Carter was a total idiot.....

Throw MOAR Money @ the problem ....


:whistle:

Market Corrections, although painful, are good. That is why they are called Market Corrections, it is the Market correcting itself and getting it back to what it should be.

And unfortunately, since government has been trying to forestall any pain, market corrections have been shifted to different markets and forestalled with government intervention. BUT, you can't put off market corrections forever, so what we've done, is pile them up and let them fester, eventually the house of cards we've built will come tumbling down. And a whole lot of pain will come when the market corrections finally happen all at once.

Just my read of a very complex system that I do NOT totally understand.

Freddy and Fanny (on and off government entities, but never really off) with Government help moved to much debt into other parts of the economy, with a few key reg changes after $100M lobbying effort, you've got big market corrections coming in the housing industry, and we keep putting it off. Hate to say it, but it doesn't get better until the Market corrects and it is going to hurt a whole lot of people as it corrects.

Makes you think we shouldn't have been meddling with the Market in the first place? OR at the very least, when the experts warned we had a problem coming, we shouldn't have blown them off and kept dolling out houses and motgages and turning the housing industry in the Danish Tulips Bubble all over again.

Speaking of epic fails, last year the Kenyan Messiah said this:

President Obama on Friday assured family members of Americans who were killed in the bombing of the U.S.S. Cole and in the Sept. 11 attacks that the terror suspects will be prosecuted and brought “to a swift and certain justice.”

But look what is in todays Washington Post:

http://http://www.washingtonpost.com/wp-dyn/content/article/2010/08/26/AR2010082606353.html

Like all the rest of the Won's lame promises, that one too had an expiration date.

Obama needs to collapse the economy in order to rebuild it in his radical view...


Obama Agenda: Collapse the economy. Check. Take over large private sectors. Check. Gut the military. Check.

http://www.ihatethemedia.com/obama-agenda-collapse-the-economy

Obama needs to collapse the economy in order to rebuild it in his radical view...


Obama Agenda: Collapse the economy. Check. Take over large private sectors. Check. Gut the military. Check.

http://www.ihatethemedia.com/obama-agenda-collapse-the-economy

2012 become "president of the world"

Townhall - Donald Lambro - Obama's Epic Failures - Full Article (http://townhall.com/columnists/DonaldLambro/2010/08/27/obamas_epic_failures/page/full)

And I thought Carter was a total idiot.....

When are we going to start talking about the good Obama is doing the country? When does he start getting credit for doing the unthinkable? When does he start to receive recognition for the epic mountain he has moved? Huh?

:tap:


It is no small thing to give control of the House back this dramatically, this suddenly. We should give thanks and praise him for seeing the errors of his ways and doing the only thing he could do to help the nation. I see it as a cry for help if you really think about it.


Or he's a moron. One or the other.

VcauCclfytI

Or he's a moron. One or the other.



How 'Brilliant' Can President Obama Be? - IBD - Investors.com (http://ht.ly/2vZum)