Originally posted by Bongsummers:
I'll
Originally posted by cock1971:
Wow, are no sitting Presidents ever accountable any more? It's always the previous administrations fault. I believe that we should just say all our economic woes are due to native American chieftain "Sitting Fed Reserve" who failed to develop a banking system before we ever arrived in North America. There we go . It's over . Not Bush's fault either...
well, we were losing 800k jobs a month in 2008 and the overall economic picture looked worse than 1929, but now we see the stock market at an all time high, the economy adding 200k jobs a month and gas prices under $2.00 gallon. I'm guessing you're giving the current occupant credit? Yeah, didn't think so.
I guess you have a reflexive disdain for people that bash Obama.
But it might amuse you to know that there are people who have been around longer than you probably have, that are far more evolved in the ways of cynicism.
First of all, the economy isn't adding 200,000 jobs a month. That kind of ship sailed a while ago, and has really only been seen in various bubble eras (the last big nice one one was the stock bubble of the 90's, followed by the retarded in comparison housing bubble of the early 00's).
Whatever movement you see on the job front is mainly in the form of temp and part time jobs. And the stats liars have to work overtime if they want to list a figure like 200,000. Columbia isn't the whole of the US, but it is better off than some areas. And trust me there isn't some spastic frenzy of hiring going on.
As for the gas prices? Well we don't have appreciably more supply than we had circa 2008 or so. I really didn't think we were going to ever extract more than 85 million barrels a day (worldwide). I was wrong. I quit following it a few year ago, but wouldn't surprise me if we were at 90 million barrels a day or close to it.
(I might add that fracking only really adds to natural gas supplies, is pretty much a phenomena of North America for a number of reason, with a negligible amount of natural gas condensates going into the liquid oil supply. I'd also like to add that while the increase in barrels per day is astonishing to me, I'm also pretty confident we'll never see the 110 or 125 million barrels a day various agencies predict. Though of course, I have been wrong, but we will see).
But gas prices are a lot lower. Supply isn't that much higher than it was 7 years ago, and demand is up worldwide, particularly in China. Hmmmm. Seen this one before. Someone with some pull wants to yank someone's chain.
Odds are it's Putin, though I never really got why anyone is that excited about him, but whatever.
In short my worldview says Obama is along for the ride as much as anyone else is. Much as anyone hates his guts, or thinks he walks on water with rainbows shooting out of his crotch.
If he were ever a tranformative figure, he would never have been allowed to become president. Or more precisely he would never have gotten the money and favorable media coverage he needed to do so.
So one day soon, oil supplier like the Saudi's are going to get tired of profits being down, or people throw in the towel because there isn't any noticeable effect on Putin's position. Maybe if they could stick it out for five years it would apply some real pressure, but these kinds of things are hard to hold together. Daddy's got to get some new Filipino maids to harass in the mansion in Riyadh you know.
Anyway, Obama takes orders from Wall Street and the Insurance companies, along with other parties (and that means order takers and givers, whatever), just like every other president since... oh Bush I maybe. Depends on how you want to see things.
