Subj : Re: Get Better Mitt Treatment? To : All From : mh505@qmail.not Date : Thu Jan 31 2019 19:19:40 Path: eternal-september.org!reader01.eternal-september.org!reader02.eternal-september ..org!news.eternal-september.org!news.eternal-september.org!mx04.eternal-septemb er.org!mx04.eternal-september.org!.POSTED!not-for-mail From: Mark Hill Newsgroups: fl.politics,austin.politics,dfw.general,talk.politics.guns,oh.general Subject: Re: Get Better Mitt Treatment? Date: Sat, 03 Nov 2012 10:54:32 -0600 Organization: A noiseless patient Spider Lines: 73 Message-ID: References: <971021f8-4bcc-4c34-9b82-f57efc455329@ah9g2000pbd.googlegroups.com> Mime-Version: 1.0 Content-Type: text/plain; charset=windows-1252; format=flowed Content-Transfer-Encoding: 8bit Injection-Date: Sat, 3 Nov 2012 16:54:21 +0000 (UTC) Injection-Info: mx04.eternal-september.org; posting-host="164ed458dfbf400485224f224198b21f"; logging-data="21257"; mail-complaints-to="abuse@eternal-september.org"; posting-account="U2FsdGVkX19R2f1GmhdtF4toWxyEZibTusZXRgE2xV4=" User-Agent: Mozilla/5.0 (Windows NT 6.1; WOW64; rv:10.0.10) Gecko/20121024 Thunderbird/10.0.10 In-Reply-To: Cancel-Lock: sha1:B9hAsNxM5LchOx/SZA1AR9loEm8= Xref: news.eternal-september.org fl.politics:128 austin.politics:83 dfw.general:423 talk.politics.guns:90056 On 11/3/2012 10:46 AM, Klaus Schadenfreude wrote: >> deep wrote in talk.politics.guns : > >> On Sat, 03 Nov 2012 10:15:02 -0600, Mark Hill wrote: >> >> >>> been by far the meekest recovery from the past 10 recessions. >> >> That's because this is not a recession. > > Tell us what it is, Oh Great Economic Wizard! > Maybe it's a steal-cession... (stealth recession) Which perhaps beats a steal-pression... But in either event: http://online.wsj.com/ Mr. Obama told Americans in 2009 that if he did not turn around the economy in three years his Presidency would be "a one-term proposition." Joe Biden said three years ago that the $830 billion economic stimulus was working beyond his "wildest dreams" and he famously promised several months after the Obama stimulus was enacted that Americans would enjoy a "summer of recovery." That was more than three years ago. In early 2009 soon-to-be White House economists Ms. Romer and Mr. Bernstein promised Congress that the stimulus would hold the unemployment rate below 7% and that by now it would be 5.6%. Instead the rate is 8.1%. The latest Census Bureau report says there are nearly seven million fewer full-time, year-round workers today than in 2007. The labor participation rate is the lowest since 1981. So it has gone with nearly every prediction the President has made about where the economy would be today. Mr. Obama promised that the deficit would be cut in half in four years, but the fiscal 2012 deficit (estimated to be above $1 trillion) will be twice the 2008 deficit ($458 billion). Mr. Obama said that his health-care plan would "cut the cost of a typical family's premium by up to $2,500 a year," but premiums for employer-sponsored family coverage have gone up $2,370 since 2009, according to the Kaiser Family Foundation. He said that the linchpin for a growing economy would be renewable energy investment, and he promised to "create five million new jobs in solar, wind, geothermal" energy. Mr. Obama did invest some $9 billion in green energy, but his job estimate was off by at least a factor of 10 and today many solar and wind industry firms are fighting bankruptcy. The growth in domestic U.S. energy production that he now takes credit for has come almost entirely from the fossil fuels his Administration has done so much to obstruct. There's nothing unusual about candidates making grandiose promises that don't come true. And it's a White House tradition to blame one's predecessor when things don't get better. (Usually these Presidents end up one-termers.) The bad faith wasn't then. It's now. Mr. Obama really believed that government spending would unleash a robust recovery in employment and housing—an "economy built to last." Now that this hasn't happened and with the Congressional Budget Office predicting a possible recession for 2013, Team Obama claims these woeful results were the best that could have been expected. The problem with this line is that every President who has inherited a recession in modern times has done better. (See nearby table.) Under Mr. Obama, measured on the basis of jobs, GDP growth and incomes, this has been by far the meekest recovery from the past 10 recessions. --- Platinum Xpress/Win/WINServer v3.1 * Origin: Prison Board BBS Mesquite Tx //telnet.RDFIG.NET www. (1:124/5013) .