31 Jan

Economy Shrinks…Obama & Pals Blame Republicans

                                       

super_BLAME_BUSH_obama

Another ‘who woulda thunk it’ moment:

The U.S. economy posted a stunning drop of 0.1 percent in the fourth quarter, defying expectations for slow growth and possibly providing incentive for more Federal Reserve stimulus.

The economy shrank from October through December for the first time since the recession ended, hurt by the biggest cut in defense spending in 40 years, fewer exports and sluggish growth in company stockpiles.

Get outta here! You mean with businesses fretting over the unknown cost of ObamaCare, with taxes being raised for almost every American, and government spending continuing to spiral out of control that our economy is contracting?

Shocking!

But wait…the White House says it’s all the Republicans fault:

White House press secretary Jay Carney laid the blame for a surprise economic contraction squarely at the feet of congressional Republicans Wednesday, saying economic threats during the “fiscal cliff” negotiations had prevented important defense spending.

“Our economy is facing a major headwinds, and that’s Republicans in Congress,” Carney said.

The Commerce Department projected Wednesday that the nation’s gross domestic product (GDP) shrank by 0.1 percent in the fourth quarter of 2012.

Carney said that was partially attributable to the threat of sequestration, which would implement across-the-board spending cuts if a long-term deficit deal is not reached.

“This is political brinkmanship that results in one primary victim. That’s American taxpayers and the American middle class,” Carney said, acknowledging the GDP projection was bad news.

The American taxpayers and the middle class are already victims having had their taxes raised.

And whose idea was sequestration anyway?

Yup, the White House.

It’s kinda funny how when the economy shows improvements Obama is very quick to take credit. When it’s bad he’s quick to blame everybody but himself and Democrats are right there with him. Charles Krauthammer:

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Lets imagine for a moment that Romney had won the election and news like this came out…you think the media and the Democrats would be shrugging their shoulders?

Yeaaaah.

Exit quote

Humanity has an innate attraction to conspiracy and complexity. Humans have been selected to seek patterns in Nature and in the behavior of the humans around them. No wonder humans are drawn to detective stories, puzzles and conspiracies.

While conspiracies are indeed a part of the human experience, focusing on human intent and collusion can distract us from the impersonal systems that dominate economic history.

In a similar fashion, an obsession with complexity distracts us from what is blindingly obvious. Just as the alcoholic refuses to admit his addiction lest he be forced to tackle his self-destruction, so too do we avoid the financially obvious lest we be forced to surrender our ardent hope that the increasingly fragile Status Quo we depend on is enduring and secure.

As long as the interest rate on debt is low, the path of least resistance is to keep borrowing to support politically untouchable fiefdoms, cartels and constituencies. Eventually, the cost of servicing the debt overwhelms the diminishing returns on the debt-based spending.

About Curt

Curt served in the Marine Corps for four years and has been a law enforcement officer in Los Angeles for the last 20 years.
This entry was posted in Barack Obama, Bush Derangement Syndrome, Economy, MSM Bias, Obamanomics, Taxes. Bookmark the permalink. Thursday, January 31st, 2013 at 9:57 am
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19 Responses to Economy Shrinks…Obama & Pals Blame Republicans

  1. johngalt says: 1

    This is the most irresponsible person ever elected to the highest office in the land. Undeniable, by anyone, including the liberal/progressives who would suggest otherwise.

    Name for me one incident of negative value that this president has ever claimed responsibility for.

    And after you say ‘none’, then remember the old adage that “no one is perfect”.

    ReplyReply
  2. Common Sense says: 2

    Reality is setting in and 0-blama and the Democrats can no longer hide from the failures to create jobs, stimulate our economy, and control government spending. The blame game is pathetic and will no longer work!!

    ReplyReply
  3. they haven’t got no guts to admit their faults OBAMA AND CARNEY PARAKEET,
    THEY NEVER HAD ,but they still try to blame the REPUBLICANS,
    THEY HAVE NO SHAME AND NO GUTS
    DESPICEBLE

    ReplyReply
  4. Bobachek says: 4

    It really is a sign of immaturity when a person or persons refuse to accept responsibility for the results of either their actions or inactions. The time for putting on the big boy pants and truly accepting the fact the “buck stops here” has long since come and gone.
    The really sad part is that if he continued to blame somebody else for the next 4 years results, Democrats would still re-elect Obama to a 3rd term if they could do so. I hear lots of chatter on talk radio about low information voters and I think it’s an incorrect assumption. I think we have “I don’t want information”, I want free stuff voters.

    ReplyReply
  5. another vet says: 5

    @Common Sense: Unfortunately, the blame game will work with the 50% who re-elected him.

    ReplyReply
  6. John says: 6

    Truman: The Buck Stops Here
    Obama: The Buck Stops Over There

    In Obama’s mind, nothing is his fault, and every good thing was caused by him.

    In the future, there will be a dictionary entry for ‘obama’
    Noun
    1) A stupid, deceptive person.
    2) A mentally handicapped person who doesn’t know it.

    ReplyReply
  7. another vet
    which one do you mean?
    the DEAD? or the ROBOTS? or the UNIONS, or THOSE he bought?

    ReplyReply
  8. Pingback: Anonymous

  9. Hilary is praising the OBAMA skill, as she end her speech,
    she wish the best to all 70000 who work for her security job,
    she forgot to say GOD BLESS AMERICA AS SHE EXIT,

    ReplyReply
  10. another vet says: 9

    @ilovebeeswarzone: All four plus the illegals who voted for him although they could be counted with those he bought.

    ReplyReply
  11. another vet
    yes I see what you mean,
    nice to have you visit, it’s been a while,
    bye

    ReplyReply
  12. Kule Se' says: 11

    What a sad bunch of Neo-Con LOSERS. Stop crying and lying. Market closed above 14,000, so how bad is the economy? You said if Obama won again, we were doomed to economic collapse. America does not want the republican agenda. You can try to rig elections by denying persons to vote and you still lost without any voter fraud as you claimed was happening. Now you want to change the rules by gerrymandering the electoral votes. That shows how desperate you are to win with tired rhetoric, failed policies, and racist candidates.

    ReplyReply
  13. Kule Se
    absolutly the OBAMA IS LIKE YOU SAID, AIMING AT THE DESTRUCTION OF AMERICA,
    YEP HE SAID IT THE CONSTITUTION IS IN HIS WAY, AREN’T WE LUCKY TO HAVE THE CONSTITUTION PREVENTING HIS AGENDA OF SOCIALIST ANTI AMERICA,
    AND THE AMENDMENTS IN HIS WAY, TO PREVENT HIM FROM
    TAKING THE GUN OUT OF GUN OWNER LAW ABIDING CITIZENS,
    YOU MUST KEEP WATCH ALL THE TIME, BECAUSE HE HAS AN AGENDA
    AND HE KEEP TRYING TO CHANGE AMERICA FOREVER, AGAINST THE PEOPLE’S WILL ,
    and he always put the blame on the REPUBLICANS,
    HE HAD THE IGNORANTS TO VOTE FOR HIM AND THEY RIG THE ELECTION TO HELP HIM WIN, YEP, THAT IS A SAD BUNCH
    OF LIARS

    ReplyReply
  14. on GRETA AT FOX NEWS,
    a survey of 53% AMERICANS THINK THAT OBAMA IS A THREAT TO THE PEOPLE

    ReplyReply
  15. Hard Right says: 14

    Kule Se’ ESAD you flaming hypocrite.
    It was the dems who called in lawyers first and tried to steal the election for gore. FYI, those counties were controlled by dems, you sh*t for brains. It’s racist dems who think minorities can’t succeed without the help of white liberals
    BTW, you have only proven that leftards know jack about the economy. The stock market is not and has not been an indicator of the state of the economy. Unemployment is tho, and they show what a failure the policies you believe in are. Keep living in your mentally ill fantasy world. We know you won’t come back here when reality bitch slaps you. Enjoy paying far more than you were promised for obama care.

    ReplyReply
  16. Hard Right
    hi,
    I apologize for leading him in that pat I took,
    but I was afraid he would get away with it,
    bye

    ReplyReply
  17. Hard Right says: 16

    No apology required bees. Mentally ill leftists will desperately cling to their fantasies regardless of reality. As I have said before, pathological denial of reality is the second major trait. The main one being narcissism/extreme self love as Kule Se’ displays.
    I’m out for the night. Sleep well.

    ReplyReply
  18. Pingback: Logarchism » Blanket Economic Statements

  19. Randy says: 17

    @Kule Se’: So QE has nothing to do with the 14000 mark? Gee, it is warm over my furnace. There must be global warming!

    ReplyReply

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