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Thursday, November 04, 2010

American's just punished Obama for Bush's economy. "Yes we can't"



Divided rule: Republican rebound blow
Two long, difficult years after his triumphant rise to power, President Barack Obama will today try to put a conciliatory gloss on the stinging verdict of voters who yesterday rebuked his handling of the nation's affairs by returning levers of power to the Republicans.

So American's in a low voter turn out election blame Obama for Bush's economy, hilarious, misguided and blind leading the blind kinda stuff.

Obama attempted to save America from the utter mess Bush left it in, and he's been punished for it, people get the Government they deserve and America deserve their crazy Tea Party nutters and I really want to see how these clowns intend to cope with the crises of Capitalism America faces. That Tea Baggers claim Obama is Socialist is enough of a barometer of how far up their own arseholes they have disappeared.

It's been 12 hours now and I still can't believe the Republican majority in the House haven't fixed the economy yet.

"Yes we can't"

33 Comments:

At 4/11/10 8:06 am, Anonymous AAAAMC said...

With lobbyist outnumbering government 3 to 1, European
Energy companies pouring donations into climate change denying Republicans, an opposition bent only on hampering Democtat progress and a media which doesn't even really count as farce, there was no hope for Obama. Washingtons broken!
Now all we can hope for is Sarah Palin for President so they can truly fuck it up and the crisis that follows the wars in Iran and Pakistan and the further weakening of the evonomy in persuit of their free market, corporation ruled ideology will finally allow for some real change and perhaps a move back to democracy.

 
At 4/11/10 8:15 am, Anonymous sdm said...

So when does Obama become responsible? When do the democrats - who had power since 2006, become responsible?

 
At 4/11/10 8:39 am, Blogger Bomber said...

When did any Party become responsible post 1929 sdm?

 
At 4/11/10 8:44 am, Anonymous Sdm said...

Point - but you are putting this squarely on Bush (who I agree, wasnt a great president) when the Dems have held congress for a while, and Obama is two years in.

 
At 4/11/10 9:16 am, Anonymous AAMC said...

The people have to take responsibility! Americans live in a Corporatocracy, and despite the almost insurmountable odds of propoganda, news as entertainment, poor education, failing infrastructure and the most inequitable country on the planet, they still believe in the American Dream, and it cripples them. Let's face it, the Bankers have totally done them over, the Fed is about to print more money, the wars are expanding. What did they do about it, created a grass root movement which favours the policy which has got them where they are, morons! What they need to reconnect themselves with is their founding tenant,a government of the people, by the people, for the people.

 
At 4/11/10 9:33 am, Anonymous Anonymous said...

To be honest the USA deserve a leader like Sarah Palin.
A ditzy leader for most hated country on earth.
It fits so well.
She'd be the perfect punchline to an international joke.

 
At 4/11/10 10:14 am, Anonymous sdm said...

Obama has run on a Keynesian platform that hasnt worked. This morning's QE announcement may be the last straw - its the last tool in his Keynesian belt. It wont work, of course, then what does he do?

 
At 4/11/10 10:54 am, Anonymous Anonymous said...

So how is that change feeling now Bomber is it giving you hope after Obama has subsidised investment bank profits while presiding over a 9% unemployment rate.

If Obama inherited Bush's economy then its pretty clear then Key inherited Clarks economy but that logic never seems connect with you does it?

 
At 4/11/10 11:18 am, Anonymous anfield1973 said...

Hillary coming down the plane steps this morning, just like Emperor Palpatine coming to inspect the deathstar, only more evil

 
At 4/11/10 1:03 pm, Anonymous Grant said...

As Bill Maher says - the American population is almost too stupid to be governed effectively by any party.

 
At 4/11/10 2:01 pm, Anonymous JonL said...

Democrat...Republican.....2 wings of the same diseased bird.......how low does the USA have to sink before the populace actually wake up?
All the way, probably......

 
At 4/11/10 2:25 pm, Anonymous AAMC said...

"If Obama inherited Bush's economy then its pretty clear then Key inherited Clarks economy but that logic never seems connect with you does it?"

No, it's pretty clear Key inherited Bush's economy. Although I agree, they should have let the free market run it's course and let the banks and the car corporations go under. Then it would be much easier for you to see they failing in your ideology Anon.

 
At 4/11/10 3:55 pm, Blogger Linuxluver said...

Hard to believe so many Americans are as stupid as they demonstrated themselves to be via their votes in the past many elections. The GOP made this mess from Reagan onward, but especially while Congress was ruled by the GOP from '95 onward. People keep thinking MORE of that will fix the damage done to date. They even blame Democrats for de-regulating the banks because Clinton was President while it was Republicans who proposed and passed those laws. They appear to be the victims of the accumulating error resulting from decades of misleading propaganda...and aren't now prepared to see things as they really are. It's the end of their empire. It will take a while and it willl be bumpy.....but unless they wake up (How can they?)...It's over.

 
At 4/11/10 4:04 pm, Anonymous Anonymous said...

"Then it would be much easier for you to see they failing in your ideology"

Maybe you should have a look at the implosion of Europe's welfare states to see the failings of an ideology

 
At 4/11/10 5:19 pm, Anonymous AAMC said...

Yes if only the right wing elite in Greece had not eveded their tax they'd be in a much better state. The ideal of the greedy self obsessed right really are detrimental too all aren't they.

 
At 4/11/10 5:25 pm, Anonymous AAMC said...

South American and China however seem to be doing pretty well for themselves. Or has that passed you by?

 
At 4/11/10 5:43 pm, Anonymous fatty said...

"Maybe you should have a look at the implosion of Europe's welfare states to see the failings of an ideology"

What's Europe's ideology?

Are you referring to their failed neo-liberal economic policies?

Whats your point?

 
At 4/11/10 9:56 pm, Anonymous Anonymous said...

"What's Europe's ideology?"

Check out wikipedia and google for material on the issue and then come back when you are informed accordingly.

It's kinda funny to see someone referring to France and Germany as neo-liberal states. Still time to educate yourself.

 
At 5/11/10 9:09 am, Anonymous Anonymous said...

Yes if only the right wing elite in Greece had not eveded their tax they'd be in a much better state. The ideal of the greedy self obsessed right really are detrimental too all aren't they.

You're taking the piss right?! Tax avoidance and evasion in Greece streches much, much further than that matey.

For tax avoidance to have a real impact on a nation's budgets it has to stretch well beyond the priviledged few.

 
At 5/11/10 9:59 am, Anonymous AAMC said...

Yeah yeah, I'm exaggerating. But it wasn't socialism that led to Greeces troubles. They inherited it when they took power last year.

And Anon, because France and Germany have a history of welfare doesn't take away from their persuit of neo-liberal economic theory. As New Zealands Labour party was an example, perhaps you should google 'the rachet effect' for a description of the continual trajectory to the right by all governments since Regan and Thatcher. Paying maternity leave et al really isn't an indication of economic policy, Wikipedia, please!

 
At 5/11/10 2:33 pm, Anonymous Anonymous said...

"And Anon, because France and Germany have a history of welfare doesn't take away from their persuit of neo-liberal economic theory"

Oh god you're stupid. France and Germany are the direct opposite of 'neo-liberalism' with state intervention in the economy, with large SOE's dominating the economy, union representation at the highest levels of management in private companies, strong employment laws favouring employees and limited work hours not to mention generous welfare and retirement benefit. Oh yeah I forgot to mention the billions it uses to subsidises argriculture.

The most 'neo-liberal' policy France has is raising the age of retirement from 60 to 62 which was only implemented because the country is basically broke not out of choice.

These countries have NEVER accepted anglo-saxon economic theory and have and this goes for parties on the left and right. They have different histories, and ideas of the role of the state that are completely different from english speaking nations such your assertion its a 'description of the continual trajectory to the right by all governments since Regan and Thatcher' is absolute rubbish.

So it pretty clear that your argument is going nowhere since you haven't got a basic command of the fact. Just give up now.

 
At 5/11/10 3:28 pm, Anonymous Anonymous said...

people get the Government they deserve and America deserve their crazy Tea Party nutters and I really want to see how these clowns intend to cope with the crises of Capitalism America faces

Related News:Australia & New Zealand New Zealand Should Cut Spending, Sell Assets, Former Central Banker Says
By Tracy Withers - Nov 3, 2010 1:30 PM GMT+1300 Tweet (1)LinkedIn Share
Business Exchange Buzz up! Digg Print Email New Zealand should slash government spending and sell state assets to boost productivity and incomes so workers don’t leave for higher pay abroad, according to a report for the government by former central bank Governor Don Brash.

Prime Minister John Key’s National Party government should also reduce regulation and remove restrictions on foreign investment, according to the 2025 Taskforce report released in Wellington today. The findings reiterate themes from its recommendations a year ago that Key rejected for having a “big bang” approach.

Brash’s five-person panel was set up last year to recommend how New Zealand can close the gap with Australia by 2025 to help make it more attractive to investors and to arrest a trend that has seen 260,000 people leave to seek higher wages in Australia in the past decade. New Zealand needs to grow slightly more than 2 percent a year faster than Australia to close the gap, Brash said today.

“New Zealand must create a policy environment that is more conducive to private-sector investment and where every part of the private sector plays its part in generating growth,” Brash said in the report. “New Zealand will need to emulate and surpass the best of Australian policies that minimize barriers to growth.”

The taskforce estimated Australian incomes are 35 percent higher than those in New Zealand. If that gap continues, a net 412,000 residents are likely to head overseas, mostly to Australia, in the next 15 years, resulting in a loss of skills and wasting money spent on their education and health care, Brash said.

The taskforce’s recommendations include reducing government spending to about 29 percent of gross domestic product from about 40 percent currently, and sales of state companies to introduce market disciplines and private management.

The government should also foster foreign investment, Brash said. Recent announcements mean New Zealand has a more restrictive regime, and the taskforce “can see no national economic benefit in the current level of restrictions on foreign investment in New Zealand,” he said.

Brash was Reserve Bank governor from 1988 to 2002, when he resigned to enter parliament. He was leader of the National Party in opposition and lost the 2005 election before being replaced by Key, who won a 2008 election and faces reelection next year.

WE GOT OUR OWN CRAZIES HERE TOO REMEMBER BUMMA

 
At 5/11/10 6:00 pm, Anonymous Anonymous said...

Stagflation
From Wikipedia, the free encyclopedia


In economics, stagflation is the situation when both the inflation rate and the unemployment rate are high. It is a difficult economic condition for a country, because then inflation and economic stagnation are occurring simultaneously and no macroeconomic policy can address both of these problems at the same time.[1]

 
At 5/11/10 7:09 pm, Anonymous Tim2 said...

As an aside... Check out One News - Geeoff interview with Hills.
Note how Geeoff was only shown waste-up. That's because he was creaming himself at his good fortune in being able to ask the bleeding obvious...an opportunity lost too

 
At 6/11/10 6:16 pm, Anonymous AAMC said...

Fair enough, I walked into that, but inform me please, do you believe that 'the implosion of Europe's welfare states' are the byproduct of their choosing not to continue down the path of neo-liberalism and a result of government involvement in the economy? And how does that sit in relation to the collapse of the neo-liberal structure. And I don't mind you calling me stupid, I'm not stupid enough however to believe the Washington consensus is sustainable or a better alternative and wonder if perhaps the shared belief in consumerist capitalism and the global market have perhaps contributed to the current woes. From where I'm sitting, its not Europes welfare system that's caused their problems, we just execute our greed differently. But please elighten me wise Anon, why is it that this crisis exists across the capitalist world.

 
At 6/11/10 8:19 pm, Anonymous Anonymous said...

Ok let me explain S L O W L Y

Welfare states are a ponzi scheme in certain circumstances where the demographics of a country change. Developed countries as a rule have a lower birth rate than poorer developing countries. SO in Europes case the baby boomer generation are now in their 50s and 60s and are looking to retire but there is no balancing supply of younger worker to take their place and thus contribute to the tax system. They already have high taxes but given that younger workers will have to support an increasing number of elderly not to mention expensive public services then they have no more room to move. The only other option is to import millions of muslim immigrants to work but that plan isn't working out too well. Still the iron laws of demographics should take care of that.

The Europeans don't particularly want to change their way of live especially the political elites who have built up a cosy system of corrupt patronage to milk their taxpayers for privilages and that includes both left and right. For to suggest that they'd run their countries along neo-liberal lines and destroy the political consensus is ludacris in the extreme

It's easy to toss around phrases neo-liberalism but clearly you know nothing of the real situation.

As for your assertion that there is a crisis in the capitalist world you clearly don't know much about capitalism since it is permanent revolution. There was a crisis in 2001, 1998, 1995, 1991 and 1987. Read some history.

 
At 6/11/10 9:23 pm, Anonymous Anonymous said...

why is it that this crisis exists across the capitalist world.
Maybe you should be asking why it isn't happening in the communist world first?

 
At 6/11/10 10:21 pm, Anonymous Anonymous said...

"Maybe you should be asking why it isn't happening in the communist world first?"

http://news.yahoo.com/s/ap/20100913/ap_on_bi_ge/cb_cuba_mass_layoffs

North Korea's pretty much fucked anyway

 
At 7/11/10 10:30 am, Anonymous AAMC said...

"There was a crisis in 2001, 1998, 1995, 1991 and 1987."

There you go then, constant revolution you proclaim. And this is a system you advocate? I agree that Communism isn't the alternative but perhaps we could strive for Evolution rather than Revolution. A system perhaps which doesnt revolve around boom and bust and acknowledges the externalities in the market and doesn't strive to put us back on coarse to plunder a finite planet in persuit of corporate profit and at the expense of the masses.

Or are you content with the status quo Anon? Are you happy to watch Africans starve while America and Europe pay farmers not to produce and sit on mountains of unused corn. Are you content to be Homo Economicus? Do you believe in the 'Market'? Or can you, as Greenspan did in front of congress in 2008 to Henry Waxman admit that your ideology has failed?

 
At 7/11/10 3:34 pm, Anonymous Anonymous said...

Markets are reflection of inherent human behaviour. There certainly are countries where rulers have tried to freeze human aspirations and hopes but they haven't been too sucessful. If people like yourself wish live in such a society then there is nothing to stop you moving there.

the soviet socialist system of resource allocation tried to overcome externalities and the plunder by the elites but all it did was exacabate them.

Strange how the US which is the embodiment of all you hate doesn't suffer from the demographic malaise I spoke of because it attracts a net inflow of young immigrants.

"Are you happy to watch Africans starve while America and Europe pay farmers not to produce and sit on mountains of unused corn."

This is actually a demonstration of who countries have tried to insulate their economies from the boom and bust mentality. Thanks for proving my point. If the EU allowed free trade and broke from the Common Agricultural Policy then those starving africans would be producing food for europeans consumers instead of having their prices undercut by the subsidised prices of europeans farmers. But such is the price of inhibiting the market system to provide a high standard of living for a small minority.

 
At 7/11/10 3:39 pm, Blogger Bomber said...

LMAO - using the poor to justify more trade liberalization, they would thank you if they weren't already suffering from 'free trade' thank you.

I love as this crises of capitalism explodes that the great shiny knights of capitalism all ran to the state and begged for protection.

Neoliberalism is bankrupt, time to brush up on your Keynes.

 
At 7/11/10 4:47 pm, Anonymous AAMC said...

What's interesting to me is people like yourself, when confronted with somebody questioning whether our system needs evolution and refinement use Soviet Communism, Cuba and North Korea as a means of attempting to prove your beliefs to be correct. There is a whole world of grey between your black and white.

Please clarify for me though, are you suggesting The Washington Consensus provides adequately for anyone other than a small elite? You seriously are deluded aren't you!

Turn your SLOW explanation to justify the system you're advocating, please do! Surely, at this moment in History with China buying the world and the growing economic strength of South America all while America pumps $600 billion into it's economy it's taxpayers having already tried to bail it out, you're throwing stones in a glass house. I guess that's the thing about anything that involves FAITH, it must have been hard to see those banks, cap in hand.

Come on, if Greenspan can admit he's wrong you can do it. Defending a system which allows 1 billion people to go hungry in the world each day and rewards greed above all else, I'm glad I don't inhabit your world. And that doesn't make me a communist or want to move, it makes me human and hope that one day people like you will value more than you're own greed and then we can evolve.

Keynes said;
'Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.'

 
At 7/11/10 11:22 pm, Anonymous Frank Macskasy said...

"Point - but you are putting this squarely on Bush (who I agree, wasnt a great president) when the Dems have held congress for a while, and Obama is two years in."

Funny, how those on the right insist on people taking personal responsibility for their lives...

... except when it's a right wing guvmint. Then, of course, it's someone elses' fault.

 

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