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.


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.