Thanks Barack. US Economy May Not Recover For 5 or 6 Years
Posted by Jim Hoft on Friday, July 16, 2010, 5:24 AM
The Fed announced yesterday that the US economy may not recover for 5 or 6 years.
…Or, until about the time Barack Obama is booted from office.
The Telegraph reported:
The euro rocketed to a two-month high of $1.29 and sterling jumped two cents to almost $1.54 after the Fed confessed that the US economy may not recover for five or six years. Far from winding down emergency stimulus, the bank may need a fresh blast of bond purchases or quantitative easing.
Usually the dollar serves as a safe haven whenever the world takes fright, and there was plenty of sobering news from China and other quarters on Thursday. Not this time. The US itself has become the problem.
“The worm is turning,” said David Bloom, currency chief at HSBC. “We’re in a world of rotating sovereign crises. The market seems to become obsessed with one idea at a time, then violently swings towards another. People thought the euro would break-up. Now we’re moving into a new phase because we’re hearing alarm bells of a US double dip.”
Mr Bloom said a deep change is under way in investor psychology as funds and central banks respond to the blizzard of shocking US data and again focus on the fragility of an economy where public debt is surging towards 100pc of GDP, not helped by the malaise enveloping the Obama White House. “The Europeans have aired their dirty debt in public and taken some measures to address it, whilst the US has not,” he said.
More… The US saw the sharpest drop in manufacturing in a year in June.
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Busted!… Obama Headlined a DEMOCRAT SOCIALISTS OF AMERICA Event in 1996 **FLIER**
Published May 24, 2012 at 8:46 pm - 89 Comments
brooklyn commented:
Thanks Disastrous Democratic Party!
TDDP !!!
Corrupt-Collectivist-Catastrophe-PUNISHING all Americans in the mighty USA.
One big joke.
kato commented:
Twenty years from now we’re going to be talking about the damage that the Jivemaster has done to this country.
A lot of Americans confused articulate reading from a teleprompter with intelligence and wisdom. Left-wingers are always and everywhere simpletons.
Jim commented:
As a small business owner I will plod along with what and who I have until Obummer is gone! I will not hire anyone or attempt to make any great amount of money just to have it snatched away by this incompetent boob!
Militant Conservative commented:
Tax cuts, tax cuts, tax cuts. Less gubment, free market. Oh, thats what the Tea Party wants. No wonder we’re called racists. Can’t have America figure out the truth. powder is dry.
I’ll teach my grandkids the truth about this lil prick.
newton commented:
To paraphrase the Gipper:
A recession is when your neighbor loses his job.
A depression is when you lose yours.
And recovery is when Obama and the Democrats lose theirs!
Bill Fabrizio commented:
For Obama recovery in five or six years is not sufficient. Under Obama recovery is not an option!
kansas commented:
All this success with passing legislation that screws at least half the country and still no recovery? How can that be?
The Won commented:
Blame Bush, you racists. I’m going golfing.
locomotivebreath1901 commented:
Just remember: Obama is doing all this ON PURPOSE – at the urging of his puppet master George Soros, who vowed to “knock America off its global pedestal.”
Obama renewed his allegiance to that proposition at the recent G-20 summit when Obama declared that there can only be global equality when there is no longer one dominant economic power in the world.
Obama is doing all this ON PURPOSE.
Chisum commented:
Zbigniew Brzezinski: Obama The New Mr. ‘Malaise’
Can you hear the wailing and gnashing of teeth emanating from 1600 Pennslyvania Avenue? It’s Pres. Obama & Co. reacting to Zbigniew Brzezinki pinning on Barack Obama the word that doomed Jimmy Carter: “malaise.”
http://newsbusters.org/blogs/mark-finkelstein/2010/07/16/m-word-zbigniew-brzezinski-says-obama-presiding-over-age-malaise
Ed Butt commented:
It looked as if Obama had got the message about reducing the deficit while he was in Toronto for the G20 summit but as soon as he arrived home he was pushing his loonytoons spending plans again.
The man does not learn.
shibumi commented:
Well, Japan had their lost decade. I’m pretty sure we’ve started ours.
Sojourner commented:
.. What we knew when this ad ran in 2008, we call ‘oBamalaise’ now:
‘The One’
http://www.youtube.com/watch?v=rUpM42X-DCs
enough.. remember in November.
Reb commented:
At least Obama is holding the economy together. If John McCain had been elected there would have been total economic collapse.
Chisum commented:
“At least Obama is holding the economy together. If John McCain had been elected there would have been total economic collapse.”
++++++++++++++++++++++
BWAHAHAHAHAHA!!!!!!!!!!!!!
eaglewingz08 commented:
The caption should read “won’t recover for at least five years from when Obama leaves office”. Were Obama re-elected (heaven forbid) this would posit a recovery in his second term (heaven forbid), which is not at all possible if his economy wrecking policies continued for another term.
logprof commented:
The upside of this news is that it would quash 0bama’s chances at re-election.
Chisum commented:
Obama Claims He ‘Got Us Out of This Mess’
http://newsbusters.org/blogs/tom-blumer/2010/07/16/ap-misses-real-eye-opener-obama-nbc-interview-obama-claims-he-got-us-out
Joanne commented:
Obama is reaching his goal and that is to destroy the U.S. economy – what no other Muslim has been able to do in such record time. If people haven’t noticed, the number of deaths of American troops in Afghanistan has gone way up during Obama’s presidency – is this coincidence, or is Obama’s policies putting U.S. troops in increasing harm’s way.
Obama must be stopped now. He is not constitutionally eligible – he is NOT a natural born citizen – his mother was American, his father was British….not eligible.
Wheeze commented:
And the surprise here is?