President needs to stop invoking the 'D-word'
What happened to Americans Optimism that help found this country!!
Durant at Conservative Reader nailed it;
"Here’s what’s starting to grate on me. For the last 18 months, all we’ve heard from President Obama is how terrible things are, and now “this is the worst economic crisis since the Great Depression”. Bad news is his mantra. I’m not sure if he can handle good news. It makes me wonder how he responded to the news he was going to be a father. Did he say “Great! Another mouth to feed”?Of course the Lame Stream Media is totally buying into this rhetoric but not the Washington Times with their recent article, "'Doom talk scored as 'not presidential Poses risk for 'Yes, we can' candidate".
"Memo to President Obama: You wanted this job. You need to lead. Right now, you’re a downer. If you can’t be cheerful and optimistic, perhaps you should go home. And take your stimulus package with you."
A recent Editorial at AVPress concurs with many of us on the Conservative Realm, "Enough talk about the Great Depression"."Mr. Hope has to be careful not to become Dr. Doom," said Frank Luntz, a political consultant and author of the book "Words That Work: It's Not What You Say, It's What People Hear." "The danger for him is using the Jimmy Carter malaise rhetoric, particularly for Mr. Obama, who was elected because people thought he was the solution. There's only so much negativity they will tolerate from him before they will feel betrayed," Mr. Luntz said. "
"But he isn't the only Democrat ramping up the rhetoric while talking down the economy. House Speaker Nancy Pelosi of California said last month that our economy "is dark, darker, darkest. Rep. David R. Obey of Wisconsin said, "This economy is in mortal danger of absolute collapse. And Sen. Claire McCaskill of Missouri said of the economic-stimulus bill, "If we don't pass this thing, it's Armageddon."
Yes, we're going through tough times, but President Obama has repeatedly invoked the Great Depression and it's scaring the heck out of consumers. Who's going to go buy anything if we're headed for an economic catastrophe? People will horde every penny they get and businesses will suffer and things will only get worse.
In his article titled, "Obama's rhetoric is the real 'catastrophe,' " Schiller points out that Obama kept saying that the economy would fall into an abyss and possibly never recover without his stimulus package. Never recover?
"This fearmongering may be good politics, but it is bad history and bad economics," the professor writes. "It is bad history because our current economic woes don't come close to those of the 1930s. At worst, a comparison to the 1981-82 recession might be appropriate." While the loss of 3.4 million jobs in 2008 is a grim statistic, it represents the same percentage - 2.2% - of the workforce that was cut in 1981-82.
Neither of those years remotely compares to the Great Depression. In 1930, the economy shed 4.8% of the workforce; followed by another 6.5% in 1931, and still another 7.1% in 1932.
The latest unemployment figures show the U.S. at 7.6%, well below the 10.8% of 1982; and again, not even in the ball park with 1932's mind-boggling 25.2%.
In terms of economic growth, believe it or not, the real gross domestic product, Schiller writes, "rose in 2008, despite a bad fourth quarter. The Congressional Budget Office projects a GDP decline of 2% in 2009. That compares to 1982, when GDP contracted by 1.9%."
The Depression years? The GDP plunged by 9% in 1930, another 8% in 1931, and yet another 1% in 1932.
So no, the situation Obama inherited is not remotely like that which FDR inherited and he ought not to make people think so. Yet his pushing of the notion that the world will end if his package isn't passed resulted in a bill of more than 1,000 pages that no one had even read. Now that is scary.
Comments