OMGObama! Just *How* Many More Months?

Saturday, August 01, 2009 , , , 2 Comments




It's not over until all you lazy bastards have a job.

Bloomberg:

President Barack Obama said it will take “many more months” for the U.S. to fully recover from the recession as employers continue to shed jobs.

The president said in his weekly address on the radio and the Internet that yesterday’s government report on the gross domestic product showed the recession was “even deeper than anyone thought” when he took office in January. The stimulus legislation passed by Congress in February and measures to stem home foreclosures have helped stem the slide, he said.

“Important steps that we have taken over the last six months have helped put the brakes on this recession,” Obama said. “But history shows that you need to have economic growth before you have job growth.”

Obama is putting the economy back at the forefront of his remarks to the public as polls show it remains the top concern of Americans. Next week he’s heading to Elkhart, Indiana, for an event focused on his economic policies. Obama said earlier this week that the U.S. “may be seeing the beginning of the end of the recession.”

The Commerce Department reported yesterday that the gross domestic product shrank at a 1 percent annual pace in the second quarter, less than forecast, after a 6.4 percent drop in the first three months of the year. The economy has lost 6.5 million jobs since the recession began in December 2007, and economists surveyed by Bloomberg this month forecast the jobless rate will exceed 10 percent by early 2010. The Labor Department is scheduled to release the July unemployment rate Aug. 7. The June rate was 9.5 percent.

“As far as I’m concerned, we will not have a recovery as long as we keep losing jobs,” Obama said. “And I won’t rest until every American who wants a job can find one.”


I heard that half of the birther team has now decided to stalk OMGObama and get really, really offended if they catch him napping after this winner of a statement.

Jr Deputy Accountant

Some say he’s half man half fish, others say he’s more of a seventy/thirty split. Either way he’s a fishy bastard.

2 comments:

Anonymous said...

What a very sad hole the Bush crowd has put us into. Debt, war, bank failures, job loss, loser attitudes, and fear. How did we get ourselves into the position and we still don't believe in change. There will not be economic recovery with out the opportunity for work and wages that enable people to purchase the goods and services they need. Bitch and moan about the size of government, socialism, taxes, liberty, guns, abortions, gays getting married, race, illegal aliens, states rights, healthcare, Cap and trade, global warming or any other divisive issue. The fact we need to find a way to for everyone to get use of the dollars that are in our economic system without printing more money. Now for all you folks that don't believe in sharing the wealth how are you gonna circulate money for all to get some use out of it. I also don't believe in the government taking from the rich to give to the poor. That said when will those that have economic power understand that circulation of money is good for everyone. Hoarding, does not an economic system make. Its up to us to create a vital economic system. Not seek wealth creations (hoarding). This simple idea forces us to expand the money supply which reduces the real value of our economic system. Conservatives be conservative and quit the divisiveness. Circulate the wealth. Have faith that you will get it back and quit the philosophy of hoarding.

Anon,

I hope that rant made you feel better (it was somewhat enjoyable to read if I didn't feel like half of it was snapping at me for views that aren't mine) but I couldn't stand that Bush prick either.

I think gays should get married, it's good for tax revenues AND human rights. I'm pro-guns but I don't carry one to Starbucks. I live in fucking San Francisco for Christ's sake.

I believe BOTH sides need to stop bitchfighting back and forth for us to get anywhere. I don't believe in wealth distribution because the government doesn't know how to determine who "deserves" it.

The hoarding that is going on now (and causing all of this economic turmoil) is happening independent of political forces. Bush used it and his dad used it and Clinton used it and Obama is, unfortunately, the guy who inherited it when it's about to break.

The only way to create the "economic recovery" you're talking about is to fill the Fed with inflationistas who don't care if we run at 4% or higher, in fact, they would love to see something like that. The Obama administration has signaled that that's exactly what they plan to do. That doesn't HELP anyone. Look at the tech bubble. It's all a run up and then BOOM. that has nothing to do with party.

But seriously. Bush was a dick.