obama economy shrinks
The Obama White House reacted to the horrible news today that the economy is shrinking by blaming the decline on Hurricane Sandy and the defense spending cuts. White House Spokesman Jay Carney had the gall to blame Republicans for the GDP number and defense cuts.
The Hill reported:

“Our economy is facing a major headwinds, and that’s Republicans in Congress,” Carney said.

Of course, the sequester idea came from inside the Obama White House.
The Politico reported, via GOP.com:

“In fact, the idea may have come in part from Obama’s current chief of staff, Jack Lew.” “In fact, the idea may have come in part from Obama’s current chief of staff, Jack Lew. The Washington Post’s Bob Woodward reported in his book ‘The Price of Politics’ that Lew, then-Office of Management and Budget director, and White House Legislative Affairs Director Rob Nabors broached the idea of a defense sequester as a threat to Republicans during negotiations over raising the debt ceiling.”

 

 

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  1. The focus of America and it economy isn’t in Gun Control or Immigration. The focus has been for nearly 5 years now Jobs and putting this nation’s economy FIRST.

    Everything Obama has done will lose money for our economy. From Green to Health, if he touches or even thinks of it, he will bankrupt us further. It is insanity that he has not been impeached.

  2. So, according to “Shadow” Obama just blamed the shrinking economy, in part, on a sequester that hasn’t (in Shadow’s own words) gone into effect yet…

  3. Whereas, Karma and uncle would have to misappropriate brains prior to worrying about where they might rest them.

  4. So, according to “Shadow” Obama just blamed the shrinking economy, in part, on a sequester that hasn’t (in Shadow’s own words) gone into effect yet…

    Err … NO! I’ll say it once again. Please try to follow along.

    1) Fact: The sequester has not gone into effect yet.
    2) Fact: “Obama” didn’t blame anything. The Bureau of Economic Analysis issued a fourth-quarter report. That’s what they do … good, bad or indifferent.
    3) Fact: The Budget Act of 2011 contained spending cuts of $917 billion over 10 years, above and beyond any cuts due to the sequester.

  5. This shows that my economic policies are working… to plow the average Joe under! Ha-ha!

    Let me be clear, if this economic trend continues only my cronies and I will have a job!

    Well, except for my illegal uncle Omar… He is drunk and probably happily working at a liquor store! It’s a drunkard’s dream if I ever did see one! I like to call it the Dream Act!

    http://michellemalkin.com/2011/09/29/uncle-omars-getting-the-last-laugh/

    Uncle Omar [Wikipedia]

    “Omar Okech Obama: …sometimes goes by a variation of the name of his father Onyango Obama. Half-uncle of Barack Obama, born on June 3, 1944, in Nyang’oma Kogelo. The eldest son of Onyango and his third wife Sarah Obama, he moved to the U.S. in 1963 as part of Tom Mboya’s Airlift Africa project [Which sucked - ed]. Once he arrived in the U.S., his half-brother, Barack Obama, Sr., found him a place at a boys’ school then known as Browne & Nichols, in Cambridge Massachusetts. He later dropped out of school and changed his name to O. Onyango Obama. He has operated a liquor store in Framingham, where he resided as of March 2011. He was subject to a deportation order in 1989. The Boston Herald reports that he may have illegally obtained a driver’s license and Social Security number… After an unsuccessful appeal, he was given a new deportation order in 1992. He was arrested on August 24, 2011 for driving under the influence, and subsequently held in jail until September 9, 2011, on a federal immigration warrant. His immigration case was remanded, on November 30, 2012, by the Board of Immigration Appeals to the Executive Office for immigration Review for reconsideration of the original order of deportation that was issued in 1986 and re-issued in 1992…” [It's un-clear where he is at this time - ed]

    http://en.wikipedia.org/wiki/Family_of_Barack_Obama

    My Limousine is spewing fumes and I have to get back to my roots. That would be my aunt and uncle… who are on the dole!

    Screw the economy and the immigration laws! America is great because of illegal liquor store people. I say we should have another amnesty! I cannot answer any more questions. Good day.

  6. America’s economy is looking better every day! US T-Bills are expensive (for buyers, not for US). The Stock Market is booming. Private sector consumer earnings, spending and savings are all moving in the right direction. The only thing shrinking is GOVERNMENT spending. Sandy was a drag last quarter, but will have a positive impact in the days ahead from all the rebuilding.

    Never bet against the good old USA! You’ll lose every time!

  7. ++

    shadow #24 January 30, 2013 at 2:13 pm

    links please,

    and thank you..

    ==

  8. Obama and the Dems say that the economy shrank because Bush spent $142 billion in federal funds on Katrina.

    60B allocated on Sandy.

  9. We are in the beginning of a DEPRESSION. . .

    Not only did the economy CONTRACT with negative GDP growth. . that is in spite of RISING Population growth of #% and QE3 funny money pumping of 10%!!!

    Get the second point people. .Feds pumping in lots of dollars (OVER $85 BIL per month or OVER $250B per quarter. .OVER a Quarter of a TRILLION DOLLARS!!!!) yet GDP DECLINED!!!!!!

    The dollars purchasing power has been reduced by QE1,2 and 3 by 10+% so GDP needs to be 10% more than normal to be equal. . .

    That is why DOW and Wall Street UP. . .because dollar is down. .but beware. .don’t let rising stock market fool you. . .VOLUME of trades way down vs historical norms. . .
    The perfect condition for Goldman Sachs and other Wall Street Fat cats (DEM Fay cats) for a Pump & Dump. . .

    Do be left holding the bag when they all cash out. . .courtesy of Obama

  10. Obama broke it. .Obama owns it. .
    so does Reid & Pelosi. .its the DemocRATs to blame

    You just ain’t seen nothing yet. .

    When Taxes kick in and Obamacare kicks in. . discretionary consumer spending will shrivel up. . .already happening at restaurants. . . theaters, , ,and hotels

  11. Am I the only one who doesn’t give a d@mn what this punk and his administration has to say anymore?

  12. ++

    October 23, 2012

    Obama fails Bob Woodward’s fact check on sequestration

    [Bob Woodward, who wrote a book about the sequestration, blows the
    whistle on President Obama’s claim during last night’s debate that the
    idea of using deep, automatic, across-the-board domestic and defense
    spending cuts to force Congress to address the nation’s burgeoning
    federal deficit originated in Congress, not in the White House. “What the
    president said is not correct,” Woodward told Politico.]

    D.C. caught off guard by Obama sequester vow

    [President Barack Obama startled Washington during Monday night's
    foreign policy debate when he said billions in automatic Pentagon cuts
    “will not happen" — a line that could weaken his bargaining power
    during an epic spending and tax fight expected when Congress returns.

    Obama was responding to criticism from Republican rival Mitt
    Romney that American national security is at risk if the defense
    cuts are triggered in early January.

    "First of all, the sequester is not something I proposed, it's
    something that Congress proposed," Obama said. "It will
    not happen."]

    more..

    ==

  13. ++

    Cloward & Piven

    First proposed in 1966 and named after Columbia University sociologists
    Richard Andrew Cloward and his wife Frances Fox Piven (today Piven is
    an honorary chair for the Democratic Socialists of America), the “Cloward
    – Piven Strategy” seeks to hasten the fall of capitalism by overloading
    the government bureaucracy with a flood of impossible demands, thus
    pushing society into crisis and economic collapse.

    ==

  14. Obama and the DemocRATs (Reid/Pelosi/Schumer/Franks/Menendez/Durban/Congressional Black Caucus) are doing to USA what THEY DID TO DETROIT!!

    http://www.nbcnews.com/business/stuck-reverse-detroit-edges-closer-bankruptcy-1C8149698

    For a bit of history
    http://www.youtube.com/watch?v=1hhJ_49leBw

    Run by leftists since 1961. . and expanding government, handouts & entitlement programs!!!
    Just Like Obama is doing to OUR Country. .

    Don’t expect a different outcome from Obama based on Detroit case. . .
    Obama never ran anything except as a street community organizer. .
    and he was a loser at that.. . .

    You asked for Change. .now you will get it. . .
    http://www.youtube.com/watch?v=oI8gSRXtDyI

  15. ++

    re: #33 January 30, 2013 at 4:00 pm bg

    Cloward-Piven Manufactured Crisis series

    re: The Cloward-Piven Strategy, Part I: Manufactured Crisis missing link..

    The Cloward-Piven Strategy of Manufactured Crisis
    [Obama's strategy for destroying the economy]

    ==

  16. ++

    re: Sandy #28 January 30, 2013 at 3:24 pm

    November 27, 2013

    Hurricane Sandy vs. Hurricane Katrina

    always with the “irrelevant comparisons”.. *sigh*

    ==

    =

  17. What do you expect from people who think food stamps stimulate the economy. They are a bunch of morons trying to pass their bull crap off as great for the growing of the economy. Obama openly states he’s going to bankrupt the coal industry – paraphrasing, but Obama probably blames them closing on the GOP as well. They won’t take blame for anything, because they are stupid and a bunch of babies.

  18. links please,

    US sequestration postponed until 1 March
    The US military and other agencies still face spending cuts estimated at more than $108 billion in FY2013 alone, but were spared immediate action as a result of the fiscal compromise achieved on 2 January between the Obama Administration and Republicans in Congress.
    http://www.flightglobal.com/news/articles/us-sequestration-postponed-until-1-march-380654/

    Revised Boehner Bill Cuts $917 Billion, Raises Debt Ceiling by $900 Billion
    The new report shows that the bill would cut discretionary spending by $917 billion over 10 years while raising the debt ceiling by $900 billion.
    http://www.weeklystandard.com/blogs/revised-boehner-bill-cuts-917-billion-raises-debt-ceiling-900-billion_577686.html

  19. I am waiting for the SUPER-TEFLON of the Progressives running this Administration to wear off so that the American people can see them for the tyrants that they are. They are intentionally running up our national debt so that they can “come to our rescue by seizing all of the power.”
    I just pray that our House of Representatives can overcome them. I would hate to have to support a Third Party but….



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