4.2% growth in 2nd quarter - thank you Mr. Obama

CBO just revised 2014 GDP growth projection to 1.5%. Wow - 1.5%! see how well trillion dollar "stimulus" programs + rapid expansion of big govt works? And now we're told America's infrastructure is crumbling? What happened to the shovel ready infrastructure jobs the stimulus was alleged to fund? is it still W's fault?

ouoiunj wrote:

The U.S. is significantly better off than it was when Obama took office, but few people care. Since 2010, the company I work at, has posted record profits each year. Still, everyone bitches about the economic path the country is currently on.

The deficit is down and, economically, I think Obama had done as good a job as can be expected considering what he walked into and the opposition he's encountered during his presidency.

Every true indicator of growth is down. Period. You deniers will believe any bunk the controlled media sticks in your dumb pig faces. Our first black gay president is a failure and fraud by any stretch of the imagination. Deal with it.

According to Flagpole, I’m racist!

Au contraire - I approve that President Barack Obama and the Democratic Senate are considering additional sweeping progressive legislation that will provide new benefits for many Americans.

TheAmericans with No Abilities Act is being hailed as a major legislative goal of advocates of the millions of Americans who lack any real skills or ambition.

"Roughly 50 percent of Americans do not possess the competence and drive necessary to carve out a meaningful role for themselves in society," said California Sen. Barbara Boxer. "We can no longer stand by and allow People of Inability (POI) to be ridiculed and passed over.

With this legislation, employers will no longer be able to grant special favours to a small group of workers, simply because they have some idea of what they are doing."

In a Capitol Hill press conference, Former House Speaker Nancy Pelosi and Senate Majority Leader Harry Reid pointed to the success of the U.S. Postal Service, which has a long-standing policy of providing opportunity without regard to performance.

At the state government level, the Department of Motor Vehicles also has an excellent record of hiring Persons with No Ability (63 percent).

Under the Americans with No Abilities Act, more than 25 million mid-level positions will be created, with important-sounding titles but little real responsibility, thus providing an illusory sense of purpose and performance.

Mandatory non-performance-based raises and promotions will be given to guarantee upward mobility for even the most unremarkable employees.

The legislation provides substantial tax breaks to corporations that promote a significant number of Persons of Inability (POI) into middle-management positions, and give a tax credit to small and medium-sized businesses that agree to hire one clueless worker for every two talented hires.

Finally, the Americans with No Abilities Act contains tough new measures to make it more difficult to discriminate against the non-abled, banning, for example, discriminatory interview questions such as, "Do you have any skills or experience that relate to this job?"

"As a non-abled person, I can't be expected to keep up with people who have something going for them," said Mary Lou Gertz, who lost her position as a lug-nut twister at the GM plant in Flint, Mich., due to her inability to remember righty tighty, lefty loosey. "This new law should be real good for people like me. I’ll finally have job security."

With the passage of this bill, Gertz and millions of other untalented citizens will finally see a light at the end of the tunnel.

Said Michigan Sen. Debbie Stabenow: "As a senator with no abilities whatsoever, I believe the same privileges that elected officials enjoy ought to be extended to every American with no abilities.

It is our duty as lawmakers to provide each and every American citizen, regardless of his or her inadequacy, with some sort of space to take up in this great nation and a good salary for doing so."

Wow. So uninformed. You do know that Obama's BEST deficit year is still slated to be worse than Bush's 2nd-worst deficit year, right? That's not something to be proud of.

Roy D. Mercer wrote:

CBO just revised 2014 GDP growth projection to 1.5%. Wow - 1.5%! see how well trillion dollar "stimulus" programs + rapid expansion of big govt works? And now we're told America's infrastructure is crumbling? What happened to the shovel ready infrastructure jobs the stimulus was alleged to fund? is it still W's fault?

The stimulus from 2009 has been replaced with a sequester on spending, doing the opposite to help any growth.

When Bush took office the country was in a recession. Not sure why you Libs spout such nonsense. The federal debt has not decreased since 1957. When Bush took office the joke tech bubble had burst, the housing bubble was beginning to show signs of being the next ridiculous bubble (but no one cared), welfare reform had been implemented and was a success (against Dem's beliefs), and the giant capital gains CUT passed by Clinton had just provided an explosion of capital and expansion (also against Dem's beliefs). All while this thing called "the world wide web" was EXPLODING.Nice revisionist history though.

Flagpole wrote:

Of course Clinton handed Bush a surplus.

X-Runner wrote:

Roy D. Mercer wrote:

CBO just revised 2014 GDP growth projection to 1.5%. Wow - 1.5%! see how well trillion dollar "stimulus" programs + rapid expansion of big govt works? And now we're told America's infrastructure is crumbling? What happened to the shovel ready infrastructure jobs the stimulus was alleged to fund? is it still W's fault?

The stimulus from 2009 has been replaced with a sequester on spending, doing the opposite to help any growth.

sort of correct - the real problem with the slow recovery from the financial crisis is the shrinkage of state and local governments.

If states and localities still employed as many people, the economy would look much, much different.

But I don't think the sequester did that - the sequester was just federal spending, which has been pretty flat, not down.

sort of correct - the real problem with the slow recovery from the financial crisis is the shrinkage of state and local governments.

If states and localities still employed as many people, the economy would look much, much different.

Ah, yes, that's exactly what's needed, more taxpayer money being used to fund jobs created for the sake of employing people but that actually do absolutely nothing to contribute any appreciable goods or services to the economy.

Roy D. Mercer wrote:

rapid expansion of big govt

Big govt has shrunk under Obama.

Paper boy wrote:

Roy D. Mercer wrote:

rapid expansion of big govt

Big govt has shrunk under Obama.

not really - federal government spending is flat under obama. but the states and local gov'ts have shrunk quite a bit.

Renato Hermens Rosa wrote:

You deniers will believe any bunk the controlled media sticks in your dumb pig faces. Our first black gay president is a failure and fraud by any stretch of the imagination. Deal with it.

"Deal with it." ? Hmmm....rings a bell, oh constant name-changing coward. Right Wingers: soooo lacking in class, and soooo very stupid. Always and forever.

(but you're here to have an intelligent discussion and debate, right? Because you're just a really smart guy with lots of well thought out arguments like: Obama is GAY!

How you are not just utterly embarrassed by your behavior is beyond comprehension. I guess it's because in the right wing hate radio/blogosphere, such idiocy and lack of class is applauded as being tough, funny, and smart, when it is none of the none of three)

Some of you people must really have poor short term memory problems. Do y'all remember what it was like from 2007-2009?

2007- Bought my house for $175k

2008- House valued at $145k

2013- Sold my house for $202k

2007- 401k was $65k

2008- 401k was $41k

2014- 401k now $151k

2007- 4 family members deployed

2009- 1 family member deployed

2014- 0 family members deployed

I could care less who we are crediting or blaming. Times are SIGNIFICANTLY better for me and the people around me today. I could not feel more blessed and optimistic about the future. Couldn't remotely utter those words in 2008. Even then, I never went to sleep mad at President Bush! I've witnessed politics from many perspectives. This "new" form of politics in the form of hatred reminds me of much more embarassing moments in the great United States of America. This wonderful nation once again finds a way to look like idiots to the rest of the world. We talk more crap about our president through political opposition than Jihadist anti-Americans who wish nothing but harm...

This is a GREAT post and exactly right. MOST Americans have seen nothing but improvements in their lives since Obama became President.

My retirement accounts have had similar percentage increases to yours.

I bought my house in 1999, but its value went up and down (now up) about like yours did.

In 2008 I knew several people who NEEDED full time work who were laid off and could not find work. Today, I do not personally know ONE person who doesn't have a job. In 2008 I knew a few Baby Boomers who really wanted to retire then who had to wait until 2011 or 2012 to do so. Today, everyone person I know who has been planning to retire NOW is able to do it.

Incomes are up, unemployment is down, teenage workers are able to find jobs, the stock market is soaring. Times are WAY better today than under Bush...WAY better. It isn't even close.

All the improvement you witness might of course be something to do with the fact that since 2009, the Federal Reserve has printed out of thin air, $3.2 trillion, the bulk of which money printing has gone towards buying garbage mortgage securities or US Treasuries from Wall Street.

You and your friends might be feeling well off now, but the USA has been running nearly a trillion dollar deficit in government spending since 2009, adding over $7 trillion to the national debt.

Bernie Madoff was given a 150 year prison sentence for running a similar scheme - I wonder how long we can keep kicking the can further down the road before the inevitable balloon bursts.

whoamanwhoa wrote:

Wow. So uninformed. You do know that Obama's BEST deficit year is still slated to be worse than Bush's 2nd-worst deficit year, right? That's not something to be proud of.

You do know that Congress controls the purse strings, right?

firsttimeonthisputer wrote:

Bush's recession continues to be overcome by Obama's policies. Post your thanks here.

Please list the specific policies implemented by Obama that led to this growth.

Also, didn't the Obama Admin change the way growth is measured?

luv2run wrote:

firsttimeonthisputer wrote:

Bush's recession continues to be overcome by Obama's policies. Post your thanks here.

Please list the specific policies implemented by Obama that led to this growth.

One area of growth!

When Obama entered office in Jan. 2009, 31.9 million individuals received food stamp benefits.

As of Mar. 2014 (the latest available data reported by the Department of Agriculture), 46,097,719 people received food stamps.

Joe Doakes wrote:

One area of growth!

When Obama entered office in Jan. 2009, 31.9 million individuals received food stamp benefits.

As of Mar. 2014 (the latest available data reported by the Department of Agriculture), 46,097,719 people received food stamps.

That's arguably a sign of a healthy national economy.