Democrats & Liberals Archives

Obama, the New FDR

Barack Obama promised change to help the little guy. Republicans were upset because they believed Obama meant it. For them, nothing was worse than change. The status quo, where they were in cahoots with Big Business, was working well. Why change it? So the Republican Party decided to delay, obstruct and destruct legislation and to defame, demonize and delegitimize Obama. Nevertheless, President Barack Obama has, in less than 2 years, achieved enough to be compared with FDR!

It must be maddening for Republicans. They worked so hard to tear Obama apart. They contradicted their own previous statements in their eagerness to destroy Obama. They said he wasn't born in America. They called him a socialist, a Communist, a Nazi, a Muslim, a terrorist, an anti-Christ. According to Republicans, if Obama did it - anything - it was wrong. Sometimes they called him a wimp and at other times a dictator. If Obama favored legislation - even if it had been previously suggested by Republicans - Republicans were solidly against it. They filibustered everything. They were and are the Party of NO.

Despite these constant Republican attacks, Obama has accomplished in less than 2 years more than most presidents have accomplished during entire terms!

To give you a good idea what President Barack Obama was able to accomplish despite the merciless Republican attacks, go here and listen to Rachel Maddow's report. Here's a small excerpt:

In each of these achievements and in the list of things he has yet to do -- Don't Ask, Don't Tell, closing Guantanamo -- in each of these things, there is room for liberal disappointment. I sing a bittersweet lullaby to the lost public option when I go to sleep at night.

But presidential legacies are complex. Not even the Reagan administration's legacy is pure as the conservative-driven snow. But Taegan Goddard at CQ Politics was right today about nothing this big happening since FDR. The list of legislative accomplishments of this president in half a term even before energy reform which he's probably going to get to is, to quote the vice president, 'a big freaking deal.' Love this administration or hate it, this president is getting a lot done. The last time any president did this much in office, booze was illegal. If you believe in policy, if you believe in government that addresses problems, cheers to that.

Take note, Republicans. Merely saying "NO" to everything will get you nowhere. If you don't like what Obama suggests, try to offer other ideas. He is constantly asking for them. Obama is here to solve problems for Americans. Why don't you try to do the same?

Be aware, Republicans. President Barack Obama is the new FDR. You will not stop him from becoming one of the greatest American presidents with stupid criticism.

Posted by Paul Siegel at June 29, 2010 1:19 AM
Comments
Comment #302811

I’ll call him the new FDR when the economy turns the corner, healthcare begins to function, and he gets elected twice, and helps a Democrat follow him. I know it won’t be Biden.

He’s got a bit to go before he reaches that mark, but he has made some progress considering the moronic mindset of the last several years.

Posted by: gergle at June 29, 2010 2:27 AM
Comment #302826

FDR’s stimulus was too little and too spread out, too! So, the parallel fits to a T. Of course, both also had Congress’ opposed to too great a stimulus. It took the massive deficits of gearing up for WW2 to actually rescue the Great Depression and all its subsequent recessions. Too little, too late.

The lesson of FDR’s handling of Depression is so obvious today. Yet, Obama, et. al. seem not to have grasped it. And it is a lost lesson on 90% of those in Congress in both parties. Those who fail to learn the lessons of history are doomed to repeat history’s mistakes. That is what we have here, in abundance.

Posted by: David R. Remer at June 29, 2010 11:02 AM
Comment #302832

David, agreed on that corollary.

Posted by: gergle at June 29, 2010 1:12 PM
Comment #302839

Paul wrote; “Nevertheless, President Barack Obama has, in less than 2 years, achieved enough to be compared with FDR.”

Barry Boob (Boop) has already far exceeded FDR in creating new government regulators and agencies just in his health care bill. Is that a good thing?

Posted by: Royal Flush at June 29, 2010 2:16 PM
Comment #302840


The only comparison between Obama and FDR is his and the Democrats unwillingness to continue the stimulus spending because of pressure from the right.

Obama and the Democrats to adopt Republican amendments without Republican support has compromised the effectiveness of the legislation being passed.

IMO, it has never been Obama’s intention to be compared to FDR. He is far to status quo for there to be a comparison.

Perhaps the biggest difference between the two is that from the peoples point of view Obama will never be as popular as FDR. Even though FDR came up short on economic recovery, the majority of the people never lost faith in the belief that he was on their side. With Obama, even those who thought he was on the people’s side politically are beginning to loose faith in him based on his performance and the legislation that has been passed to date.

The health care bill will not contain the spiraling costs of health care in any significant way and the financial reform, already watered down is now back on the drawing board to be watered down even more. The next time, it won’t be just two or three trillion.

Posted by: jlw at June 29, 2010 2:52 PM
Comment #302843

JlW,

With the wave of bankruptcies that American’s saw in 1929 to 1933, the suicides on Wall Street, the starving people on main street, it didn’t take much to give them a little hope given the Republican rhetoric they sustained. Had the Republicans stayed in power, the devastation would have been worse, because the likelihood of a second stimulus would have been lower, and the politics of tax cuts would have created even worse conditions.


In 2008, the Republicans and Democrats both reacted in a manner that was learned from the 30’s. American’s never saw the devastation of a depression. They experienced a deeper than normal recession, which for many is proof enough that nothing happened. It is this ignorance which Republicans are now feeding on politically.

IMO, Obama and even Bush did the right things at the right time, but with the result being that most Americans believe now it was nothing more than crying the sky is falling and ripping off taxpayers. That’s gratittude for ya.

Posted by: gergle at June 29, 2010 3:21 PM
Comment #302846

Calling their tour the “Summer of Recovery” was easily as stupid as Bush’s statement about victory in Iraq.

Barry Boob is not nearly as clever as he and his followers seem to believe. Where’s the evidence of recovery? Does anyone believe that any kind of recovery will occur by summer’s end? Are the unemployed, facing an end of benefits, bouyed by a so-called summer recovery? Are working American’s going to be convinced by Bama/Biden to start spending?

With the DOW falling today, there is no investor confidence here, or anywhere in the world. Government bonds remain the most popular place to stash money while only paying 3%.

Can any liberal/socialist advocating Bama Blather tell me how this will be a summer of recovery?

Posted by: Royal Flush at June 29, 2010 3:41 PM
Comment #302852

RF, the halt of the rise in unemployment numbers is a sign. The used home sales market is a definite positive sign. Consumer confidence has risen for several months now consecutively. That’s a positive sign. Durable goods order rising many months in a row now, is another positive sign. Corporate and mid-size company balance sheets haven’t been this good in a couple years. GM paying back its bailout money is a positive sign, and the auto makers adding new workers and even shifts, is a very positive sign. Just a year ago, the business community and Wall St. were talking double dip Recession. Hasn’t happened yet.

But, don’t let facts and reality get in the way of your partisan bashing. We understand. It’s just politics.

There is a recovery underway. The fact that Americans are conditioned to end of the world scenarios being saved and resolved in 30 to 90 minutes, is not the fault of anyone but TV and movie and theaters. Whether or not this recovery is sustained and capable of rescuing the deficits already spent, is in Obama’s and this Congress’ hands, and the prognosis is not good. But, lest we forget, Bush saw 3 recessions during his 8 year presidency. Obama has inherited one, and a doozy it was, being global, as it was.

This is a new government which has been in power for 18 months. A little early to be declaring all is lost in light of both the short time and the positive news and signs of recovery. The neat thing about remaining hopeful and working on problems with a sense of optimism, is that success is far more likely to follow than if one’s self-fulfilling prophecy is all the downside.

This is one of the major differences between the Parties at this point. The Yes, We Can party, and the No, You Can’t Because We Won’t Let You, party. It is a difference not lost on a significant portion of voters. It is going to take an enormous amount of money to overcome this obvious difference between the parties. If Gingrich’s fund raising efforts are any indication, the GOP doesn’t have a prayer in hell of getting back the majority in November. Americans are frustrated and worried, but, they aren’t stupid nor have they lost their memory of which party was in power when our economy cratered.

Posted by: David R. Remer at June 29, 2010 6:01 PM
Comment #302858

Mr. Remer wrote; “the halt of the rise in unemployment numbers is a sign. False, unless one considers make-work gov jobs. The used home sales market is a definite positive sign. False…read a newspaper once in awhile. Consumer confidence has risen for several months now consecutively. False, read some polls besides those faked by liberal/socialists. That’s a positive sign. Durable goods order rising many months in a row now, is another positive sign. Corporate and mid-size company balance sheets haven’t been this good in a couple years. Both false, try the WSJ.

Remer also wrote; “A little early to be declaring all is lost in light of both the short time and the positive news and signs of recovery.”

You obviously didn’t read what I wrote as nowhere did I come close to saying that. My question was…does anyone believe the “Summer of Recovery” slogan that the Bama/Biden Boobs are shilling?

I am very optimistic about this nation’s future as every day reveals more slippage by the liberal/socialists in every poll while conservatives are increasing in numbers.

Posted by: Royal Flush at June 29, 2010 7:17 PM
Comment #302860

Very interesting.

I don’t know if you read the article about how Obama as NOT like FDR. FDR recognized that he had to work with, rather than demonize business when he started to prepare for WWII.

In many ways there are two very separate Roosevelt legacies. The New Deal was largely a failure in solving the depression. Had the Roosevelt legacy ended there, he would have been a failure. BUT he shifted gears and became more pro-business to fight the war. This annoyed long time lefties such as Harry Hopkins and his wife Eleanor, but FDR recognized – in his opportunistic way – that this was the only way to go.

Re Obama as the new FDR - I admire FDR. He did many things I didn’t like, but I do respect that he experimented. One thing about FDR is that he loved being president. He loved the work of president.

I do not think Obama likes the job. He is a little on the lazy side. He prefers to play the role of the outsider, the community organizer. Roosevelt never did that.

Obama seems to be as opportunistic as Roosevelt. Let’s hope he is as smart.

Posted by: C&J at June 29, 2010 8:50 PM
Comment #302862

“The New Deal was largely a failure”

Well, the American public was surely fooled. They elected Roosevelt handily twice after passage of the principal legislation during his first term.

Posted by: Rich at June 29, 2010 9:50 PM
Comment #302864

Rich

Indeed the American public was fooled. The illusion of action does that. Preparations for war finally pulled us out and gave an ex-postfacto justification to the New Deal. But as far as unemployment and growth, the New Deal programs didn’t do the job.

I am not saying the New Deal was a failure in all ways, just economically. The New Deal helped regiment the country and prepare us for war. Some of the particular programs, such as the CCC and the WPA did good work too. You may recall, however, that some of the iconic “New Deal” projects, like the Hoover Dam, were actually planned and begun before the New Deal.

Posted by: C&J at June 29, 2010 10:20 PM
Comment #302867

C&J,

You are half right by being all wrong. I’ll let an economist explain it to you:

http://www.nytimes.com/2010/06/28/opinion/28krugman.html?asdf

While he’s not the lone ranger in calling this a depression, I’m hoping the G20 will wake up to what is going on and react appropriately. We still have people old enough to remember the Depression.

It’s politically advantageous for Republicans to rewrite history, but it doesn’t serve them or us well.

Posted by: gergle at June 29, 2010 11:17 PM
Comment #302872

Royal Flush said:

“Mr. Remer wrote; “the halt of the rise in unemployment numbers is a sign. False, unless one considers make-work gov jobs.”

Of course government jobs are included. They work, they get paid, providing services for others. In case you hadn’t noticed, our economy is primarily a service oriented economy. IHOP waitresses to investment advisors, all provide services to other people. So do government workers. Of course those jobs are included. Only a partisan nincompoop would consider otherwise.

Royal Flush ignorantly commented: “The used home sales market is a definite positive sign. False…read a newspaper once in awhile.”

You should read the business news once in while. A year ago the used home market was in the toilet. Here is one example: “WASHINGTON (June 22, 2010) - Existing-home sales remained at elevated levels in May on buyer response to the tax credit, characterized by stabilizing home prices and historically low mortgage interest rates, according to the National Association of Realtors®.”

Royal Flush, your continued pattern of refuting reality and facts is so childlike, but, I thank you for continuing to operate under the assumption that I can’t back up my statements with objective data which rarely, if ever, find their way into your comments.

Another INCREDIBLY ignorant statement by Royal Flush regarding elevated consumer confidence numbers: “False, read some polls besides those faked by liberal/socialists.”

First, the Consumer Confidence numbers are from a poll, the most relied upon poll directly measuring what consumers say about their prospects for consuming going forward. The latter part of your comment is the same kind of infirm partisan childlike response I have come to expect in your comments. Obviously, from your response, you prefer the U.S. to be far worse off than it is, since, you refuse to accept positive facts and data to the contrary. Worst kind of American, IMO, one who wishes the nation ill just to support their prejudices.

To my comments: “Durable goods order rising many months in a row now, is another positive sign. Corporate and mid-size company balance sheets haven’t been this good in a couple years. Both false, try the WSJ.”, Royal Flush provided the following IDIOTIC response: “Both false, try the WSJ. “

Proof of YOUR IDIOTIC response, Royal Flush, and thank you for asking me to refer to the WSJ, to prove your comment idiotic. I quote from the WSJ which YOU OBVIOUSLY DO NOT READ:

Initial claims for unemployment insurance declined 19,000 to a seasonally adjusted 457,000 for the week ended June 19, the Labor Department said Thursday. The four-week moving average, which smooths out week-to-week volatility, fell 1,500 to 462,750.

A key number within the durables data that’s used as a barometer for capital spending by U.S. businesses climbed in May, Thursday’s report showed. Orders for non-defense capital goods excluding aircraft, rose by 2.1%.
Couldn’t find anything on corporate balance sheets from WSJ, but, Businessweek should do:
U.S. large-cap companies have survived the recession without taking on loads of new debt. According to an analysis of Bloomberg data on nonfinancial companies in the Standard & Poor’s 500-stock index, the average large-cap company has shrunk liabilities on its balance sheet by 8.2%.

Your retorts are idiotic, falsely based, lacking any objectivity or EVIDENCE. And I thank you for the opportunity to demonstrate this, yet again.

Take your own advice, and start reading up on what is really happening in the WSJ, Businessweek, and other reputable reporting companies. Ahh, yes, but, I forgot, if they are reporting good news then they are democratic socialists, right? Absurd on its face.

Unlike you, I research my facts before making statements readers can easily verify on Google. You obviously prefer to simply risk making foolish unsupportable statements ASSuming no one will check and verify. DUMB way to go there, RF, and lazy too!

Posted by: David R. Remer at June 30, 2010 4:20 AM
Comment #302873

Gergle

FDR also once asked for a one armed economist, because he got sick of their habit of saying “on the one hand… one the other”.

Krugman is no doubt a smart guy, but he is very ideological and does not have the final word in economics. Nobody does. Personally, I prefer those other Nobel prize winning economists Friedrich Hayek and Milton Freidman.

Posted by: C&J at June 30, 2010 7:38 AM
Comment #302874

C&J

Yeah, because they are not idealogical at all. Freidman has largely been discredited for his activities in creating economic chaos, and Hayek has a bunch of nut job followers called the school of Austrian economics that even he thinks are nut jobs. Hayek doesn’t believe in using data to back up his theories, but I guess fantasy is always rosier than messy reality.

Posted by: gergle at June 30, 2010 11:35 AM
Comment #302882


Gergle, I have no objection to you commenting on what I say but, you should comment on what is I say, negatively or positively.

I never mentioned Tarp. My opinion about Tarp was that it was a necessary thing. But, no one should argue that by saving the economy, the government didn’t protect those involved, including many elected and non elected officials. It is not the Tarp bailout that bothers me but rather the Tarp cover up. A lot of that money that was lost wasn’t lost, it went into someones pockets.

Who’s pockets did the money go into? Why did two administrations, Clinton/Bush, the FED, the SEC and Congress ignore the whistle blowers and even take measures to silence the whistle blowers? The whistle blowing began during the Clinton Administration and was continuous until the collapse and they were all ignored, why?

Government arrogance does not explain it all.

The sky was falling and the taxpayers did get ripped off.

Posted by: jlw at June 30, 2010 3:50 PM
Comment #302899

Gergle

And what economic theories predicted this downturn? Didn’t Obama’s crackerjack economists predict unemployment under 8% as a result of his massive interventions?

The economy is not well understood in the macro sense and that is the important reason why government cannot fine tune it.

Posted by: C&J at June 30, 2010 9:53 PM
Comment #302900

BTW - Didn’t Krugman predict seven of the last two recessions?

Posted by: C&J at June 30, 2010 9:55 PM
Comment #302905

jlw,

My comments were in reference to public perceptions of Obama vs. FDR. I think the fact that massive unemployment and bank failures affected so many people, it made anything FDR did much more popular. I don’t think FDR prosecuted every malefactor either. There are cases against Country Wide and Goldman Sachs in the courts. Justice is slow. Hell, Jeff Skilling is getting a second whack.

The fact that to date we’ve only experienced a relatively mild recession, no bank failures (meaning insured assets) means Americans have not felt any great pain. It’s relatively easy for Republicans to advance charges of Obama the spendthrift, which wouldn’t have worked in the 1930’s.

C&J,

Economic theories do not predict recessions or bubbles. People do. Predicting a Real Estate boom or bust is not exactly earth shaking. The US economy has been experiencing these since it’s inception. The business cycle is also nothing new or unique to the Austrian School.

As to Krugman being a bit of a pessimist, you’ll find no argument from me. So is Hayek and many other economists. They then explain away why it didn’t happen. I know of no one who can time an economy. Those that claim they can are hucksters.

I don’t know where I said governments can “fine tune” an economy, nor do I think they even try. That isn’t the goal of the Fed or treasury to my understanding. D.a.n. and I used to argue about zero inflation, which I stated was easier said than done. He seemed to believe the Fed could target it.

Macroeconomics has a component of mass psychology which is nearly impossible to predict.

Critics have concluded that modern Austrian economics generally lacks scientific rigor,[10][94] which forms the basis of the most prominent criticism of the school. Austrian theories are not formulated in formal mathematical form,[95] but by using mainly verbal logic and what proponents claim are self-evident axioms. Mainstream economists believe that this makes Austrian theories too imprecisely defined to be clearly used to explain or predict real world events. Economist Bryan Caplan noted that, “what prevents Austrian economists from getting more publications in mainstream journals is that their papers rarely use mathematics or econometrics.”

A related criticism[5][96] is applied to Austrian School leaders; these leaders have advocated a rejection of methods which involve directly using empirical data in the development of (falsifiable) theories; application of empirical data is fundamental to the scientific method.[97] In particular, Austrian School leader, Ludwig von Mises, has been described as the mid-20th century’s “archetypal ‘unscientific’ economist.”[98] Mises wrote of his economic methodology that “its statements and propositions are not derived from experience… They are not subject to verification or falsification on the ground of experience and facts.”[99] Murray Rothbard was also an adherent of Mises’s methodology, and though Rothbard assigned a quasi-empirical description to it, he comments that “it should be obvious that this type of ‘empiricism’ is so out of step with modern empiricism that I may just as well continue to call it a priori for present purposes”.[100] Additionally, the prominent Austrian economist, F. A. Hayek, stated his belief that social science theories can “never be verified or falsified by reference to facts.”[101] Such rejections of empirical evidence in economics by Austrian School leaders have led to the school being dismissed within the mainstream.[5]

Another general criticism of the School is that although it claims to highlight shortcomings in traditional methodology, it fails to provide viable alternatives for making positive contributions to economic theory.[102] In his critique of Austrian economics, Caplan stated that Austrian economists have often misunderstood modern economics, causing them to overstate their differences with it. He argued that several of the most important Austrian claims are false or overstated. For example, Austrian economists object to the use of cardinal utility in microeconomic theory; however, microeconomic theorists go to great pains to show that their results hold for all monotonic transformations of utility, and so are true for purely ordinal preferences.[10][18] Caplan has also criticized the school for rejecting on principle the use of mathematics or econometrics. In response, Austrians argue that neoclassical economists fail to recognize hidden (and not necessarily true) assumptions they make to arrive to tractable mathematical models.[103] Austrians also claim that econometrics is fundamentally based on mathematically and logically invalid summation and averaging of demonstrably non-additive personal utility functions, and therefore is subjective.[104]

There are also criticisms of specific Austrian theories. For example, Nobel laureate Milton Friedman, after examining the history of business cycles in the US, concluded that “The Hayek-Mises explanation of the business cycle is contradicted by the evidence. It is, I believe, false.”[6][87][105] In addition to Milton Friedman’s criticism, Nobel laureate and neo-Keynesian economist Paul Krugman argued that Austrian business cycle theory implies that consumption would increase during downturns, and cannot explain the empirical observation that spending in all sectors of the economy fall during a recession.[7]

Posted by: gergle at June 30, 2010 10:38 PM
Comment #302906


I think the average American doesn’t understand and doesn’t really give a damn about Krugman, Freidman or their economic theories. If they did understand, I don’t think they would be impressed by Krugman, Freidman or their economic theories.

All I have to say about Freidman is that it is a shame that he didn’t live to see the fruits of his labor.

Posted by: jlw at June 30, 2010 10:44 PM
Comment #302908


Is it Fried Man pronounced Freed Man?

Gergle, I understand what you are saying about those times compared to these and the more advantageous position of the Republicans. Although this recession could be considered mild, the money’s involved to get us out of it aren’t.

Posted by: jlw at June 30, 2010 11:13 PM
Comment #302921

jlw,

Agreed. The recession is very serious and we still stand near a precipice of a depression, in my opinion. I agree with Krugman that less than serious decisions have been made and political grandstanding still threatens a recovery.

Unfortunately, most people don’t understand or believe this.

I believe it is pronounced Freed Man. ( which is why I misspelled it using the rule: “when two vowels go walking the first does the talking”) I presume many Chileans may have preferred to make him a Fried Man.

Posted by: gergle at July 1, 2010 10:31 AM
Comment #302938

Mr. Remer wrote; “Royal Flush ignorantly commented: “The used home sales market is a definite positive sign. False…read a newspaper once in awhile.”

The homebuyer tax credits are, for the most part, stealing demand from later this summer, rather than creating new demand. Even with the tax credits in place during the first quarter, inventory levels were rising, and home values continued to decline at a steady clip, rather than steadying. Because of these factors, national home values are more likely to reach bottom in the third quarter of 2010, rather than in the second quarter. When we do get there, we can expect the high rates of negative equity and foreclosures to keep national home value appreciation near zero for some time, possibly as long as five years.

He also wrote; “Of course government jobs are included. Only a partisan nincompoop would consider otherwise.”

Only a brain dead, mentally disordered liberal/socialist could believe that census takers, accounting for most of the recent jobs, represent any real and lasting contribution to our ecomony and employment.

Mr. Remer’s data on consumer confidence is just plain false.

May 26, 2010
U.S. Economic Confidence Declining in Late May Percentages rating the economy “poor” and saying it is “getting worse” are highest since March by Dennis Jacobe, Chief EconomistPRINCETON, NJ — Gallup’s Economic Confidence Index worsened by five points during the week ending May 23, suggesting that Tuesday’s Conference Board report indicating that consumer confidence increased in May is already out of date. While economic confidence improved in late April and early May — most likely in response to the recent better job numbers — Gallup’s daily monitoring of economic confidence documents deterioration last week. This likely reflects fallout from the European financial crisis manifested in the declining U.S. stock market, and not included in Tuesday’s consumer confidence report.

On June 28th,2010, the Gallup Daily poll on U.S. Economic Outlook using a rolling 3-day average found 61% of respondants believe it’s getting worse while 34% believe it’s getting better.

“Demands for U.S. durable goods are forecasted to drop 1.4% in May after expanding 2.9% during the previous month, while orders excluding transports are projected to increase 1.0% following the unexpected contraction in April.”

http://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/trading_news_reports/2010-06-23-1904-EUR_USD__Trading_the_U_S__Durable.html

Posted by: Royal Flush at July 1, 2010 2:40 PM
Comment #302985

RF, you are using one weeks consumer confidence data reported in your quotation to counter months of positive trend. Illogical and dumb. To date, the consumer confidence trend has been upward. Weekly fluctuations are are irrelevant. I understand your need to grasp at straws, however, having your initial claims proven blatantly wrong by data. Even you own quotation indicates the trend has been positive, and that was the subject under discussion.

Keeping grasping them straws.

Unemployment just dropped from 9.7 to 9.5 percent. ANother datum I am sure you will try to refute or debase, but, the facts and reality are what they are despite your partisan blinders.

As housing valuations fall, purchasing increases. Congress is passing or has passed an extension for first time home buyers credit. Ergo, the housing market will most likely continue to improve modestly in the short term.

To be sure, this is a recover from the worst recession in 80 years, and recovery is NEVER a straight line from bottom to top. However, the point is, a year ago, nearly no one believed we would be faring as well as we are today economically. And inconvenient truth is what rankles you and conservatives, who HOPE AND PRAY this economy and great middle class TANKS, just so you have some political bashing points against the opposition party. Wishing America ill to score political points comes pretty close to my definition of treasonous intent without an actual act.

Posted by: David R. Remer at July 2, 2010 12:11 PM
Comment #302989

Mr. Remer wrote; “Keeping grasping them straws.

Unemployment just dropped from 9.7 to 9.5 percent. ANother datum I am sure you will try to refute or debase, but, the facts and reality are what they are despite your partisan blinders.”

OK…here are some more straws for you to suck on.


http://www.aolnews.com/money/article/jobs-report-employers-cut-125000-jobs-cut-in-june-unemployment-rate-falls/19539933

“Unemployment dropped from 9.7 percent to 9.5 percent, the lowest level since July 2009. But it fell because 652,000 people gave up on their job searches and left the labor force. People who are no longer looking for work aren’t counted as unemployed.”

“In a separate report, factory orders fell by 1.4 percent in May, the Commerce Department said. It was the first decline after nine months of gains and the biggest drop since March 2009.”

“In May, home sales plunged and construction spending dropped after a popular homebuyers’ tax credit expired on April 30. Consumer confidence has fallen sharply.”

Mr. Remer, no need to respond as I know that eating crow is a very dry and private business.

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