Friday, March 06, 2009

And Now For Some Depressing News: Obama's Stimulus Plan Will Work (Update)

Even Worse Than the Great Depression

Just today I was talking with some people and said, this economy could slide into a depression that would be worse than the "Great Depression." It's global.



The bad news even gets better for Obama......

FDR's policies prolonged Depression by 7 years, UCLA economists calculate

Why the Great Depression lasted so long has always been a great mystery, and because we never really knew the reason, we have always worried whether we would have another 10- to 15-year economic slump," said Ohanian, vice chair of UCLA's Department of Economics. "We found that a relapse isn't likely unless lawmakers gum up a recovery with ill-conceived stimulus policies.


Obama wants the U.S. to fail......

Obama Lied; The Economy Died

I am trying to capture the spirit of bipartisanship as practiced by the Democratic Party over the past eight years. Thus, I have chosen as my lead this proposition: Obama lied; the economy died. Obviously, I am borrowing this from the Democratic theme of 2003-08: "Bush lied, people died." There are, of course, two differences between the slogans.


I couldn't agree anymore with Bankley's headline.

Meanwhile Rasmussen continues to have has some funny numbers on the polling....

Voters Divided on Obama Budget

But 46% hold an unfavorable view, and 13% are not sure.


Number Who Say U.S. Is Heading In Right Direction Hits Another High

49% Say Obama Should Delay Health Care Reform Until Economy Is Better


And Rasmussen has his approvals rising. Don't think so.

3 comments:

Ramrocks said...

Clever title for this post, Tom. The Stimulus will "work" by failing. Are you saying that that was the plan all along?

Tom said...

It's sort of a play on what has happened between Rush and Obama.

Rush wants Obama to fail because Obama's policies will fail.

I just threw the Obama wants it to fail because it's failing.

But there maybe a motive to tear it down and rebuild it.... We shall see how bad it gets...

Kris said...

people like obam only stay in power if there is a class that feels oppressed and wants the rich to give them more so, yes it was,is, his plan for this to fail.