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On March 6, 2009, former George W. Bush adviser Michael Boskin offered whatever the opposite of a prophecy is when he said that "Obama's Radicalism Is Killing the Dow." Now let's set the scene. Obama had been in office for less than two months at that point, and in that time, stocks had admittedly fallen a lot as markets worried that the big bank bailout known as TARP wouldn't actually be enough to save the banks. It got so bad that Citigroup briefly became a penny stock.

Boskin, though, didn't think that this once-in-three-generations financial crisis was to blame for the market meltdown. Instead, he blamed it on Obama for ... talking about raising taxes? "It's hard not to see the continued sell-off on Wall Street and the growing fear on Main Street," Boskin philosophized, "as a product, at least in part, of the realization that our new president's policies are designed to radically re-engineer the market-based U.S. economy." What followed was the usual conservative jeremiad against higher taxes on the rich, lower taxes on the poor, and deficit spending. Obama's trying to turn us into Europe, and that's why markets are pricing in the possibility of a Great Depression—not the dying economy he inherited.

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Originally posted by ElvisChrist:


http://www.washingtonpost.com/blogs/wonkblog/wp/2014/12/23/now-that-th
e-dow-has-hit-18000-let-us-remember-the-worst-op-ed-in-history/

Quote:

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On March 6, 2009, former George W. Bush adviser Michael Boskin offered whatever the opposite of a prophecy is when he said that "Obama's Radicalism Is Killing the Dow." Now let's set the scene. Obama had been in office for less than two months at that point, and in that time, stocks had admittedly fallen a lot as markets worried that the big bank bailout known as TARP wouldn't actually be enough to save the banks. It got so bad that Citigroup briefly became a penny stock.

Boskin, though, didn't think that this once-in-three-generations financial crisis was to blame for the market meltdown. Instead, he blamed it on Obama for ... talking about raising taxes? "It's hard not to see the continued sell-off on Wall Street and the growing fear on Main Street," Boskin philosophized, "as a product, at least in part, of the realization that our new president's policies are designed to radically re-engineer the market-based U.S. economy." What followed was the usual conservative jeremiad against higher taxes on the rich, lower taxes on the poor, and deficit spending. Obama's trying to turn us into Europe, and that's why markets are pricing in the possibility of a Great Depression—not the dying economy he inherited.

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Originally posted by ElvisChrist:
http://www.washingtonpost.com/blogs/wonkblog/wp/2014/12/23/now-that-th
e-dow-has-hit-18000-let-us-remember-the-worst-op-ed-in-history/

Quote:

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On March 6, 2009, former George W. Bush adviser Michael Boskin offered whatever the opposite of a prophecy is when he said that "Obama's Radicalism Is Killing the Dow." Now let's set the scene. Obama had been in office for less than two months at that point, and in that time, stocks had admittedly fallen a lot as markets worried that the big bank bailout known as TARP wouldn't actually be enough to save the banks. It got so bad that Citigroup briefly became a penny stock.

Boskin, though, didn't think that this once-in-three-generations financial crisis was to blame for the market meltdown. Instead, he blamed it on Obama for ... talking about raising taxes? "It's hard not to see the continued sell-off on Wall Street and the growing fear on Main Street," Boskin philosophized, "as a product, at least in part, of the realization that our new president's policies are designed to radically re-engineer the market-based U.S. economy." What followed was the usual conservative jeremiad against higher taxes on the rich, lower taxes on the poor, and deficit spending. Obama's trying to turn us into Europe, and that's why markets are pricing in the possibility of a Great Depression—not the dying economy he inherited.

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Originally posted by reaverfan:
Never mind that, thanks to Obama's steady leadership, energy is cheap, and medical care isn't skyrocketing, even with more people covered.


You'll believe it because you want to, facts notwithstanding.

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Originally posted by reaverfan:
Truth is truth. Not a valued commodity on the right.

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Originally posted by reaverfan:
Never mind that, thanks to Obama's steady leadership, energy is cheap, and medical care isn't skyrocketing, even with more people covered.


You'll believe it because you want to, facts notwithstanding.

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Originally posted by JEWELSTAITEFAN:

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Originally posted by reaverfan:
Never mind that, thanks to Obama's steady leadership, energy is cheap, and medical care isn't skyrocketing, even with more people covered.


You'll believe it because you want to, facts notwithstanding.

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"medical care isn't skyrocketing"
In what delusional world does this hold up to the American populace.

Despite Bobo's goal to raise gas to $10 per gallon, and his utter failure to accomplish this, you seem to grant him credit for his failure. And you also apparently grant him title of King of the OPEC Cartel, where he pressured energy prices down via price wars on oil. How his obstruction of drilling, mining, and any other cost-effective collection of energy resources you have convoluted into "leadership" remains a mystery.

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WASHINGTON (The Borowitz Report)—Two days after the release of an unusually strong jobs report, prominent Republicans appeared on the Sunday morning talk shows to question President Obama’s “suspicious motives” for repairing the economy.

“When there have been so many months of job growth, it does make you wonder what he’s up to,” said Sen. Ted Cruz (R-Texas). “You add in the rising stock market and falling gas prices, and the whole thing doesn’t pass the smell test.”


Appearing on Fox News, Senate Majority Leader Mitch McConnell accused the President of “cynically fixing the economy to distract the American people.”

“This country faces serious problems, and I don’t think they can be swept under the rug by creating prosperity,” he said.

But the sternest rebuke came from House Speaker John Boehner, who warned, “If President Obama doesn’t stop fixing the economy, Congress has ways to make him stop.”

“If the President thinks he can fool the American people by putting them back to work and raising their wages, he’s headed for a rude awakening,” he said.

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Originally posted by ElvisChrist:

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WASHINGTON (The Borowitz Report)—Two days after the release of an unusually strong jobs report, prominent Republicans appeared on the Sunday morning talk shows to question President Obama’s “suspicious motives” for repairing the economy.

“When there have been so many months of job growth, it does make you wonder what he’s up to,” said Sen. Ted Cruz (R-Texas). “You add in the rising stock market and falling gas prices, and the whole thing doesn’t pass the smell test.”


Appearing on Fox News, Senate Majority Leader Mitch McConnell accused the President of “cynically fixing the economy to distract the American people.”

“This country faces serious problems, and I don’t think they can be swept under the rug by creating prosperity,” he said.

But the sternest rebuke came from House Speaker John Boehner, who warned, “If President Obama doesn’t stop fixing the economy, Congress has ways to make him stop.”

“If the President thinks he can fool the American people by putting them back to work and raising their wages, he’s headed for a rude awakening,” he said.

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http://www.newyorker.com/humor/borowitz-report/republicans-question-ob
amas-motives-fixing-economy

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Originally posted by SHINYGOODGUY:
It is absolutely laughable how the so-called Repubs and T Folk are trying desperately to put a stink to the country's prosperity. Obama and company are out-Republic-ing the Republicans.

Isn't it supposed to be the Right wing of this country to lavish the rich with more money than they can count. That's why Cruz and company are trying to say that he cheated. If he did, he beat them at their own game and they're jealous! Bravo, Mr. President, fuck them up using their own dick............ha, ha, ha! I love it.

The country's doing well and these assholes can't stand it. They threw everything at him, including the kitchen sink, and he made it work. LMFAO!!!


SGG

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Originally posted by ElvisChrist:

Quote:

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WASHINGTON (The Borowitz Report)—Two days after the release of an unusually strong jobs report, prominent Republicans appeared on the Sunday morning talk shows to question President Obama’s “suspicious motives” for repairing the economy.

“When there have been so many months of job growth, it does make you wonder what he’s up to,” said Sen. Ted Cruz (R-Texas). “You add in the rising stock market and falling gas prices, and the whole thing doesn’t pass the smell test.”


Appearing on Fox News, Senate Majority Leader Mitch McConnell accused the President of “cynically fixing the economy to distract the American people.”

“This country faces serious problems, and I don’t think they can be swept under the rug by creating prosperity,” he said.

But the sternest rebuke came from House Speaker John Boehner, who warned, “If President Obama doesn’t stop fixing the economy, Congress has ways to make him stop.”

“If the President thinks he can fool the American people by putting them back to work and raising their wages, he’s headed for a rude awakening,” he said.

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http://www.newyorker.com/humor/borowitz-report/republicans-question-ob
amas-motives-fixing-economy

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Originally posted by reaverfan:

Never mind that, thanks to Obama's steady leadership, energy is cheap,

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Up is down, black is white, blah blah blah.

You'll believe it because you want to, facts notwithstanding.

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"Facts are stupid things." - St. Reagan.

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Originally posted by 6IXSTRINGJACK:
Who cares?

I haven't invested money in the DOW since 2009 ;)


Do Right, Be Right. :)

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Originally posted by JEWELSTAITEFAN:

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Originally posted by reaverfan:
Never mind that, thanks to Obama's steady leadership, energy is cheap, and medical care isn't skyrocketing, even with more people covered.


You'll believe it because you want to, facts notwithstanding.

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How omniscient of you.

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Originally posted by ElvisChrist:
I paid $1.56 a gallon for gas yesterday.


Thanks Obama!

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Originally posted by Storymark:

You and Rappy are pretty much the poster children for this. Glad you spotted it.

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Originally posted by AURaptor:

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Originally posted by Storymark:
You and Rappy are pretty much the poster children for this. Glad you spotted it.

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My HC costs nearly doubled, thanks entirely to Obama.

Energy is cheaper DESPITE of Obama, not because of him.

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