Obama By The Numbers
The Market Ticker ® - Commentary on The Capital Markets
Posted 2011-10-05 18:14
by Karl Denninger
in Politics
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Obama By The Numbers
 

Gee, is this clear enough?

PS: The Republicans haven't done any better, especially on the debt.

Discussion below (registration required to post)
 

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User Info Obama By The Numbers in forum [Market-Ticker]
Opusprime
Posts: 1033
Incept: 2007-07-27
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Obama sold his soul to the Rubinites.

Look at Suskind's book. He didnt pick his Chief of Staff, his Economic Adviser, or the Sec. of Treasury.

He was never President, just a stooge put in place to keep the party rolling.

And for that, he'll get all the money he needs to get reelected.

He did his part for the Oligarchy.
Apl
Posts: 31
Incept: 2009-02-23
Green
United Kingdom
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Bernanke: " ..will not allow inflation to rise above 2% or less .. "

Is that some sort of gibberish?
Trades50
Posts: 4215
Incept: 2007-10-30
Silver
Land of Tax and Spend
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We should see some change in another year unless the Republicans mess this up, which is possible.

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When the people fear the government, there is tyranny. When the government fears the people, there is liberty. - Thomas Jefferson
1lumpor2
Posts: 2649
Incept: 2011-05-01
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Everythings going according to plan for Obama. Would the masses be calling for Communism and the end of Western Free Market Capitalism if everything was going good? No they wouldn't so to get the masses to hate Capitalism and beg for Communism you first have to distroy the economy. Obama is doing great at this, some said when he came in to office "I hope he fails.", I hoped he would fail to, but he is not failing he is succeeding, as the video shows.

Oct 31, 2008 – Obama: “We are five Days Away From Fundamentally Transforming The United States of America”.

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-- Done
Phxkevin
Posts: 353
Incept: 2010-06-25
Green
Phoenix Arizona
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Obama debt in 2.7 yrs Increased: $4,229,982,449,493 compared to Bush in 8 yrs $4,899,100,310,609

Some of the Obama debt belongs to the wars (or to Bush). BUT, I give no credit to Obama as he actually accelerated the debt growth.

My conclusion is that both Obama and Bush are doing their part to destroy western free market capitalism. (There is no difference between republicans or democrats in this regard)

There are various sources, but the lazy person can point to: http://www.theobamadebt.com/

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Congress persons are all the same, republican or democrat, conservative or liberal. They talk a good game, but the results (or lack thereof) show something different.
Trades50
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Chavez did give Obama a book.

U.S. and Venezuela to restart relations; Chavez gives book to Obama

http://www.youtube.com/watch?v=HQIx55QXh....

"Hey, Obama has just nationalized nothing more and nothing less than General Motors. Comrade Obama! Fidel, careful or we are going to end up to his right," Chavez joked on a live television broadcast.

During a decade in government, Chavez has nationalized most of Venezuela's key economic sectors, including multibillion dollar oil projects, often via joint ventures with the private sector that give the state a 60 percent controlling stake.

Obama has vowed to quickly sell off General Motors once the auto giant is back on its feet, but the government will initially control the company after a $30 billion injection of taxpayer funds.

Chavez, a vehement critic of the U.S. "empire," has toned down his rhetoric since Obama took office in January and the two men shook hands during a summit in Trinidad and Tobago in April. (Reporting by Enrique Andres Pretel; Writing by Frank Jack Daniel, Editing by Jackie Frank)

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When the people fear the government, there is tyranny. When the government fears the people, there is liberty. - Thomas Jefferson
Vfl
Posts: 202
Incept: 2009-03-19

Seattle Metro, WA
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I don't believe KD can influence those bandersnatch/millionaires/billionaires in DC/ny and , for that matter, nothing will be done to reverse the course. We all might be better off if KD can figure out a way to expedite the demise of the system.

The last emperor (well, actually empress, for the emperor was a toddler) proudly shouted that the empire would survive the revolution because the empire had survived numerous challenges during the past three centuries. Well, after being politely advised by her warlord that if she did not renounce and resign from the throne, she and her toddler emperor would face the same fate as the French King, Louis the 16. And, That was the end of the empire. Ironically, that was the result of 99% versus 1%, and in the end, the 99% won.

Advise for the 1% here: Watch Forest Gump!

Ddebernardy
Posts: 81
Incept: 2009-08-13

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But then, Obama was overwhelmed by an economic depression which his advisors make essentially no sense of, from lack of understanding of the likes of Steve Keen's research.

Yes, his record is underwhelming. Granted. Or seems like so, from abroad where I stand.

But I doubt the US would have been better off with McCain or Palin at it's head - with equally clueless advisors, and possibly even more so. Or with any other Republican, for that matter.

Recall, if anything, that debt has skyrocketed since the Reagan years (and a bit earlier, in fact). It's not a Democrat or a Republican thing, even if history suggests (over the past century) that public and private debt balloons a tad bit more during Republican terms.

Chris Christie might have been a credible alternative, but Google News suggests he ruled out running for president. Ron Paul certainly isn't, with his lunatic craving for a gold standard.

From an outsider's viewpoint, Obama still chimes as the least bad choice... Especially when compared to the crackpots which, at least from the outside, seem to make the bulk of Republicans that count.
Ghopper
Posts: 2315
Incept: 2011-06-11

Staten Island, NY
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Left Response: This video is racist.

smiley
Jstanley01
Posts: 8178
Incept: 2008-07-30
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San Antonio, Texas
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All he had to do as a wet-behind-the-ears community organizer was put together some nice-sounding talking points and then pick off the low-hanging fruit. Somehow the presidency, during the worst economic crisis since the Great Depression, has proven dicier.

Go figure... smiley

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You can't cheat an honest man. ~P.T. Barnum
Smacktle
Posts: 1361
Incept: 2009-01-20
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Texas
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Wow, just WOW!

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The faults of the burglar are the qualities of the financier.
- George Bernard Shaw
Howie
Posts: 4848
Incept: 2007-11-02
Gold A True American Patriot!
Wilmington, DE
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I voted Libertarian.

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"Banking institutions are more dangerous to our liberties than standing armies. Already they have raised up a moneyed aristocracy that has set the government at defiance. The issuing power (of money) should be taken away from the banks and restored to the people to whom it properly belongs." - Thomas Jefferson
Vmooper
Posts: 1826
Incept: 2007-11-30
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Bailout ville
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I will vote Libertarian again even if it puts Obongo back in to finish the destruction (may happen before the election anyway). I can't say there is a Republican candidate worth a vote now that Chris Christie has given a solid no.

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"If you don't know where you are going, speeding up is not the answer." -Jeff Macke
"If you bail out everyone, nobody gets bailed out." -Jeff Macke
"Those who make peaceful revolution impossible, make violent revolution inevitable." -JFK
Ktrosper
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I'm with ya Vmooper.. I'm done voting lessor of two evils. They both are takin us down the same path. One sprinting, one walkin...

No more compromise for me.

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The unexamined life is not worth living.-Socrates
The only stable state is the one in which all men are equal before the law.-Aristotle
Liberty exists now in the spaces government has not yet chosen to occupy.-Doc Zero
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Mikpaq
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Ghopper,

If it's Herman Cain saying, "I approve this message." They can't say it is racist.

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Remember, pillage first, then burn.
Genesis
Posts: 130727
Incept: 2007-06-26
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Vote for Beelzebub

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I don't care if it makes sense -- only if it makes money. -- Me
Bank (n): See scam, fraud and theft. Eat a bankster -- they're low-carb.
What part of "shall not be infringed" was unclear?
Joejohns
Posts: 694
Incept: 2010-09-09
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He may be on stage before the next vote.

Think of what is on deck for the EOY that we know of.

debt ceiling again .................

super committee across the board cuts ...........
tax cuts expire ...................

EU ??????

We maybe praying for this devil we know no matter how evil.

Good luck and stay out of the big city.

:)

Fedwatcher
Posts: 136
Incept: 2009-04-07

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Obama blew it the day after he was elected by the choices he made for his economic team. He then proceeded to waste all of his political capital on overhauling healthcare. Now he is finaly trying to deal with the problems his focus should have been on in January of 2009.

Between Obama being "bought" by Wall Street and the Tea Party being "bought" by Wall Street (via the Koch Brothers), we have made zero progress and now face another financial crisis that will cause more pain to main street and yet another plead by Wall Street for a bailout.

Chris Christie could beat Obama in 2012, but then would not be able to fix things in three short years. He made a very inteligent decession not to run. The rest of the field are delusional ego-maniacs. It matters not who wins in 2012 as they will not be re-elected in 2016.

Much better to put your efforts into Dylan Rattigan's campain to "Get The Money Out" than waste your time on supporting your favorite Presidential contender.
Inline
Joejohns
Posts: 694
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I am sure of one thing, there is no fixing "it" from up there not now not in 2016.

Mannfm11
Posts: 3541
Incept: 2009-02-28
Gold
DFW, Tx
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IF we got lucky, Obama, the next President, Pelosi and a few of these other Jackasses would get stuck to Bernanke and all fall into the deepest spot in the Pacific and sink. The Next Election should have a "None of the Above" on the ballot and a prohibition of either or all candidates running if "None of the Above" Win. Time for a new slate of jackasses, seeing as these can't plow.

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The only function of economic forecasting is to make astrology look respectable.---John Kenneth Galbraith
Nbpundit
Posts: 60
Incept: 2011-04-05

Texas
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In clear terms what does "this" mean?
When Obama was sworn in, at least 60 years of plans were immediately
put into action to complete the destruction of individual freedom
and our republic gone.
I know my dad is spinning in his grave.
Debtpie
Posts: 534
Incept: 2009-12-17

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"BUT, I give no credit to Obama as he actually accelerated the debt growth. "

The debt growth is accelerating on it's own...both parties have their foot on the accelerator.

Crash now, or crash later; that's the choice our elected officials have in front of them.

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A Leader, or an Opportunist? "A leader has the capacity of vision, the ability to see where things are headed before people in general see those things." Mitt Romney --- DebtPie's definition: a leader decides where "things" should head and "leads" us there.
Nbpundit
Posts: 60
Incept: 2011-04-05

Texas
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Oh and then to read something like this:
http://washingtonexaminer.com/opinion/op....

That just make one want to bang ones' head against a brick wall.
Imustbenutz
Posts: 283
Incept: 2010-11-04
Green
Absurdistan, USSA
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If the numbers alone don't make that point, what about Solyndra, Fast & Furious, Libiya, Anwar al-Awaiki, the birth certificate...?

Check out these pages: http://www.freerepublic.com/focus/f-news....
http://www.correntewire.com/obama_scanda....

There are hundreds of documented issues that CONgress could have used for impeaching the TOTUS (Teleprompter of the United States) which makes me conclude that CONgress is in cahoots with it all.

Get ready for Martial Law.

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