The Ulsterman Report: Ruh-Roh – Obama Economy Downgraded Yet Again
Published by Ulsterman on August 26, 2011 in US Politics-
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The initial Q2 GDP report of 1.3% was considered tepid at best. A just released downward revision now has the Q2 GDP at a measly 1%. How’s that Hope and Change working out for you America?
”I’d rather be a really good one-term president than a mediocre two-term president.”
-Barack Obama: 2010
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(Yet more biking and golfing for President Obama…)
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Upon taking the oath of office as President of the United States, Barack H. Obama “inherited” an unemployment rate of 7.7%. In the year following his becoming president, at a time when Democrats controlled both houses of Congress and the White House, unemployment exploded to over 10% with 15.6 million Americans without a job. After trillions upon trillions in Obama-approved government deficit spending, and a trillion more to fund Obamacare, the current unemployment rate remains at a historically high rate of just over 9%. So after nearly three years in power, Barack Obama has overseen an overall increase of approximately 18% in the unemployment rate since taking office.
(Like her husband, First Lady Michelle Obama loves to vacation as well.)
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The latest Commerce Department downgrade of the 2nd quarter GDP rate from 1.3% to just 1% will do little to soothe the growing anger many Americans are feeling regarding President Obama’sineptitude in turning around the American economy. As other nations such as Canada and Germany began strong economic recoveries months ago, the United States remains mired in ever increasing debt and an Obama administration at a seeming loss for what to do about it. The last word from Barack Obama on the issue of unemployment was that he intended to get back to us after finishing up his vacation in the posh muliti-millionaire’s paradise of Martha’s Vineyard.
(Unemployment? What unemployment? For Barack Obama – life is good!)
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In the meantime, a just-released Rueters report suggests America is now officially on “recession watch” – with a growing number of economists warning of yet another economic decline and subsequent rise in unemployment.
So given Barack Obama’s first term as president is proving an outright failure for the American people – what should we make of his view on the subject just last year?
hey man, it’s just been a string of bad luck. it ain’t his fault. people are picking on him cuz he’s kind of brown colored. and has big ears. you are all being bullies and not being fair.
people should treat him nicer…you know, like how all the liberals were really nice and sweet to President Bush. They never called him nasty names, or accused him of war crimes, of being a liar, of being personally responsible for 9/11 (no one in their right mind would actually accuse him of planning it, right?) and the economic collapse. Everyone was very reasonable that it was a problem caused by long term programs and policies that were short sighted and unwise.
oh…wait. Who am I kidding?
Obama is the biggest wussy to ever hold the office of President. If the bastard had had a daddy, he would have slapped his face for being such a cry baby.
@shakedowncrews: LMAO!! Thanks Ulsterman; the UK Telegraph and Daily Mail have been hammering the Frauds for the past couple of days as well.
What? Things are working as designed by The Puppeteers…so why the hint of confusion as to just how he could “fork it up” so thoroughly? Dude is doing as directed…bad thing is though, he isn’t perfoming up to full expectations so therefore his 2nd Term is a dire necessity…and just as he astounded everyone by “winning” his 1st Term by being a totally untried, virtually unknown entity with little or NO experience at anything beyond being a PIACO (Pain In The Azz “Community Organizer”), his 2nd time elected should open eyes fully to the idea that he has been duly ordained by The Big Cheese Money Changer’s to continue undermining, and devasting America as per thier wishes/desires….and as is usually the case in all things to include WAR, they are realizing a tidy profit thanks to his perceived “ineptness”…
What should we make of it? 1. Obama is completely flummoxed and inept in what to do. He thinks, if the US flails, it’s just deserts for their racism. If the US recovers, it’s all good for him.
2. Crony capitalism is holding back the massive corrections we need to get through this recession and on to a more normal economy. The longer we try to prop up and bail out the failed businesses and business models of the past, the longer we prolong the agony of suffering through the death of those businesses and business models, and the subsequent birth-pangs of a new economy. Lots of people will be hurt, necessarily, but that’s what it will take to get to the new world of business. The environment and practices of the twentieth century do not suit the needs of the twenty-first.
3. Obama is a SCOAMF. (Ace of Spaces)
We have the same fate.My Philippines is also experiencing the same but I, for one, would not say that It’s the current president’s (Benigno Aquino) fault simply because he just inherited the country’s varied financial problems from the past regime(Arroyo).
But……
Butt…….
0BAMA single handedly killed 0BAMA BIN LADEN………
and……..
zer0 also single handedly saved the East Coast from Hurricane Irene.
Well, truth of the matter is, as we have all learned over the last 10 years, is that our “candidates of choice” purported by media moguls and “polls” have been controlled by the shadow government – a group of international banksters who bankroll the Federal Reserve, the military industrial complex, and many major corporations who seem to like this type of top-down government structure. We the People, thankfully, have a historic document called the Constitution, and we have the right to use it against any person who violates its rules. Has the President committed treason against the Constitution? That is for the Constitution to dictate. Let’s read it and find out.
Unemployment is high because America is racist – is what I would say if I was a libtard.
He looks like Forrest Gump, but thats insulting to Forrest Gump.
I have a gut feeling, and I hope I am wrong, but… By the time the election rolls around, the nation will be well entrenched in another recession, possibly borderline depression. The true unemployment numbers will be near 20%. The President, not wanting a good crises to go to waste, will declare a state of national emergency. He will go on air, and tell us that no one is more qualified than he is to deal with the situation and sign an executive order stating that in order to maintain stability in government, he is either suspending or nullifying federal elections until further notice. Being that his policies don’t work, his 10 million dollar vacations and golf outings will continue. We the people will be screwed. You may say that the constitution won’t allow it, That document did not matter when the US went to war with Libya, or passed the bill that is in direct conflict with the commerce clause … I hope I am wrong, but it is food for thought
Regarding the picture: at least Michael Dukakis had a tank…
Are Ulsterman and Pat Dollard the Same Person?