Obama Brookings Institute Jobs Speech Part 3 of 3

Part 3 of Obama's jobs policy speech at the Brookings Institution.

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News & Politics

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[freakingfast1]

The bad news is, we will see a temporary improvement, but then the economy will continue to fall. The socialized medicine debacle will burden us further because cost will continue to rise due cost incurred in protection from litigation in medical products and services. Tort reform has not been addresses.

The good news is after the people get tired of this, there will be the greatest change in political control this nation has ever seen. The end of liberalism as we know it.

[freakingfast1]

Lets look at China a moment. Look at their new infrastructure. Who do you think paid for it? Us! Are you starting to get the picture? Yes we need jobs, but in manufacturing products to sell here and abroad. But dont we make cars here? No, we put the components together that came from around the world, big difference. If it werent for agriculture we wound have been far worse.

continued:

[freakingfast1]

What has changed in that area? nothing!

What has happened is money has been dumped into the market without accountability and the receivers of those funds have either hoarded it or continued poor business practices. That huge amount of money has been wasted!

Money has been targeted at infrastructure and yes thats needed but where is the money going to come from to pay for it? Taxes?

continued:

[freakingfast1]

Did Obama's administration cause this recession? Absolutely Not. Has the current administration taken the correct actions to put us back on the road to recovery? Absolutely Not. This started back in the Clinton and Bush Sr. era when our technology was allowed to leave our shores and trade imbalance protections were disassembled. Businesses and politicians got rich at the expense of our country by taking payoffs and bribes from foreign sources.

continued:

[mdiscreetfun4you]

Keep making it happen Barack. Stay focus and don't listen to your "haters". No matter what you do they will never like you. Keep fighting for us on Main Street. We are not looking for any hands out. Just some assistance since a lot of us lost our jobs in these tough times plus our medical benefits, etc. The Glenn Beck's of the world don't understand because it doesn't affect them.

[joskemom]

The economy did not start to really go down hill till 2006 when the Dems took over congress. The fanin/fredi fiasco dem protected program plus the oil price surge coupled with not drilling our own oil. But so what, the ave Obama speech is to blame Bush, whine about what he inherited and explain how he is saving the economy with his brillance. So he will continue to tax, spend, print, and borrow money to fix the problem.

[RuflessRecords]

So the Obama argument then is:

since Bush ran mostly 180 - 400 billion deficits during his 8 years, I can run 1 Trillion + deficits every year, and Republicans can't complain.

His spending levels are outrageously awful and inexcusable and he will add more to the national debt that any other president in history, including Bush and that's saying a lot.

[RuflessRecords]

We had nothing like this in the bad deficit years 2001-07 under Bush. The only reason we got way up in Bush's last year which was fiscal 2009 for budget purposes was because of the crisis and TARP. Obama is using that as a baseline so he can wildly blow trillions on govt spending. We should not have any more years of 1 trillion + deficits, it's inexcusable and his debt 2010-2013 will far far exceed Bush's last 4 by trillions of dollars. They see the financial crisis as an "opportunity".

[RuflessRecords]

Obama dishonesty at 2:45 . He says the budget gap had been building dramatically over the past 8 years due to a structural gap. It hadn't been building over the past 8 years, the deficit was narrowing 2004-07, and got down to 180 billion. It went up some in 2008, and in the 2009 budget it shot up over 1 trillion due to the 1 time financial crisis/TARP bailout. Obama is trying to institutionalize 1 trillion + deficits every year so he can spend like a fool.

[Orchard6773]

I'd guess at this point even intelligent lefties are scratching their heads over the stuff that's going on.

Unfortunately Obama is pure Saul Alinsky so there's really no sense in trying to dig further into why he's making these disastrous decisions.