Hussein: ‘Country In Recession’

July 13th, 2008 Posted By drillanwr.

10 Responses

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  1. Ji

    What about the people paying off their bad debt.
    Why should banks get paid? Banks made their decisions based on laws passed by Democrats.

    July 13th, 2008 at 7:32 am
  2. deathstar

    I guess “crappy economist” can be added to Obambis resume.

    July 13th, 2008 at 7:45 am
  3. jarhead68

    This guy is more stupid than even I suspected. Recession? “Get our fundamentals right”??? What the hell is he talking about? This guy has as much grasp of economics as a Harvard attorney…oh, wait, isn’t he a Harvard attorney? DUH!!!

    July 13th, 2008 at 8:16 am
  4. sully

    In the purest Orwellian sense, words mean what the Dhimmis say they mean.
    Recession is a decline in GDP for two or more consecutive quarters. Clearly not the case in the last two quarters.
    Any other economy faced with the challenges ours has faced the last year would have folded like Duhbama’s empty suit.
    They NEED a bad economy to get elected and I believe they have done their best to engineer it this cycle. It hasn’t worked like they hoped but they’ve decided to call it a recession anyway.

    July 13th, 2008 at 8:18 am
  5. mike3481

    What a rambling idiot! :shock:

    July 13th, 2008 at 11:08 am
  6. Bryan J

    During the 1st Clinton campaign their tag lne was “worst economy in 40 years”. The wasn’t even close to true, but the MSM ran with it and people believed it. This was key in Clinton’s victory over Bush 41.

    The other big Clinton lie is, he left office with a budget surplus. The truth is the at height of the Clinton economy, if all positive trends continued there would have been a surplus after 10 years. During his last year in office those trends reversed casuing a deficient which W inherited. Today claims of surplus by Dems go unchallenged even by conseratives.

    July 13th, 2008 at 11:17 am
  7. dadeo

    Let me get this straight:

    Banks can write of their bad debt to normalize homeownership; he has little doubt we’ve moved into recession (but NO FACTS); swiftly getting money into peoples pockets stabilizes the housing market; sending serious message “to the markets?” will create a 10 year energy efficiency. That somehow makes for quicker correct fundamentals.

    THIS GUY IS A COMPLETE IDIOT!!!!!!!!!!!!!!!!!!!

    July 13th, 2008 at 2:36 pm
  8. Happyone

    First of all, he’s trying to talk the economy down, because dems have been cheering for this for just about 8 years. Next, the press likes to repeat constantly that McCain said he “didn’t know much about economics,” but in fact, he knows more than Obama. Obama should know the elementary definition of a recession: two consecutive quarters of no growth. Doofus! Where’s the press on this?

    July 13th, 2008 at 8:11 pm
  9. Tom in CO

    Yeah, he must have missed the memo where it says that there must be TWO QUARTERS OF NET LOSS for it to be considered a recession.

    July 13th, 2008 at 9:01 pm
  10. displaced ched head

    This media tragedy has been a long train runnin’.
    1968, LBJ is not even on the ballot but he wins 49% of the vote on write-in votes in the Granite State, New Hampshire. CBS, ABC, and NBC call second place finisher Eugene McCarthy the winner with 42% of the vote. The media, long in cahoots with Libs has fashioned a tale of woe when Cons are concerned.
    To this day I speak to my sons and his friends about Reagan and I get recession economic polemic. Lo, these many years, I have finally made inroads and the Keynesian, tax and spend rhetoric, has been replaced by the Friedman reality.
    When Nixon spoke the infamous words “we are all Keynesians now” it broke my Fathers heart and my Mothers as well (It took Mom years to realize it).
    Long story short, this guy will lead us into an economic recession that even Reagan could not recover from.

    July 13th, 2008 at 11:59 pm

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