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Top Economic Adviser: ‘Recession is Over’ |
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This top Kool-aid advisor says “YES it’s over” and the other one says “NO it’s not”. Typical coming from this administration, none of them have a clue and know what the he11 they are doing!!
When does the Depression start?
Tell me Larry, how well is the Harvard endowment fund doing, lately?
what was this guys previous job….Janitor?
“Lawrence Summers, director of the National Economic Council” The thing they fail to mention is who he works for: President Obama. “Most profesional forecasters”? He fails to cite any of the specific “experts” that he is referring to. Anyone saying “Everybody agrees” always sets off alarm bells in my mind. Faith is defined as believing what the political media industry says without question. Are you a believer?
Go and read some of the newspaper headlines from the early 1930s. They are full of statements like this from economists and politicians all predicting sunny days ahead. With Bernanke and Geithner repeating the mistakes made back then, it’s kind of funny to hear Summers echo those old headlines. It took a world war to get us out of the last depression…
Or, put another way, this is ObaMAO’s “Mission Accomplished” declaration.
It’s Up Time America! http://www.youtube.com/watch?v=OtQ6km5VpW8&feature=player_embedded
his last job was village idiot,after 2012 elections there will be a lot of village idiots looking for jobs
Hahahahahahahahahahahahahahaaaaa, what an moron! A doofus, an imbecile and a useful idiot, just like everyone else that graduated from Harvard.
A clueless & shameful bunch…
Obama / Larry say ‘You WILL spend more’ …… keep thinking that way you lefty losers!
The local newspapers in Michigan are full of stories regarding people taking seasonal holiday jobs which will be gone when the holidays are over. Of course there will be a brief jobless claims drop. The national media are idiots. They can never ask the real tough questions. All they are ever about is supporting the Socialist in the White House and his Socialist Policies. Every time you read a a story regarding the economic state of the economy the experts are always surprised regarding the results of economic data. This Presidents policies are doing nothing to promote jobs in the private sector. Isn’t pleasant to know that while the private sector continues to suffer, government continues to grow and their wages continue to grow as well. THIS IS CALLED SOCIALISM!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
The spin to blame Bush for Obama’s and the Democrats’ failures is false propaganda. The Dems dominated Congress for Bush’s last two years. The Dems were the ones that refused to tighten the rules for real estate loans. Obama and his minions are liars.
Bloomberg: Credit Suisse today raised its forecast to a gain of 4.5 percent at an annual rate from the 3.5 percent pace projected at the start of the week. Bruce Kasman, chief economist at JPMorgan Chase & Co. in New York, also increased his forecast to 4.5 percent from 3.5 percent.
The Obama recovery is underway.
Research Larry Summers disastrous history of mistakes and how many countries paid the disastrous consequences…
So naurally the Obaminator puts him in a position like he has…a total farce…
No Chicken Little wrote: “Bloomberg: Credit Suisse today raised its forecast to a gain of 4.5 percent at an annual rate from the 3.5 percent pace projected at the start of the week. Bruce Kasman, chief economist at JPMorgan Chase & Co. in New York, also increased his forecast to 4.5 percent from 3.5 percent. The Obama recovery is underway.”
That’s wonderful. But by my math, 10-11% unemployment is well above 8%. Isn’t that the level MAObama promised it would not surpass if we passed his stimu-less?
This administration is a total and complete failure. All they’ve done is spend money and push job-killing, anti-American, anti-business legislation. They haven’t done a damn thing to improve business conditions, but have done a ton to impede them.
The Obama spin is underway.
The recession is over only in the state controlled media. Obama and his administration consists of bureaucrats, attorneys, and liberal academia deadset on permenantely establishing a fascit socialism in America. They are succeeding. Very sad to watch our fall. We are and will be mired in this current downturn for quite sometime-big government programs will only make things worse. Of course we realize their intentions are about control and not economic betterment or freedom.
Are there golf balls in his mouth?
My father passed away two years ago at age 86. He never took his eye off the
ball, after living thru the Great Depression. Six months before passing he
called me up out of the blue and said, “you need to sell your house, buy a
little bit of land, so that you can grow your own food.” I asked why he
would say that, and he replied “because it is coming to that”. He said that
2 1/2 years ago…before Obama was in the picture. Now…..my father would be
horrified at the direction and of the debt. Hang on tight boys & girls….!!
“everybody agrees” …… here they go again! These Democrat Leftist Marxist Party BOfoons have the same line no matter what it is. Everybody agree?
“The GDP data suggest that the economy is in the early stages of a fragile, fitful and prolonged recovery,” according to analysts at Jefferies & Co. “The economy clearly received a boost from the targeted stimulus programs -Cash-for-Clunkers and first-time homebuyer tax credits.”
The sky is falling, the sky is falling!!
Ask if Paul Samuelson is dead and see if we get a consistent answer. My guess is, they will say “who?”.
This government is Armature Hour, and a pathetic one.
“The GDP data suggest that the economy is in the early stages of a fragile, fitful and prolonged recovery,” according to analysts at Jefferies & Co. “The economy clearly received a boost from the targeted stimulus programs -Cash-for-Clunkers and first-time homebuyer tax credits.”
More good news for the skeptics.
Is it too soon to start the chants of:
“Worst economy since the Great Depression”
“Roll back the Obama spending increases”
“Worst president since Herbert Hoover”
“Impeach Obama”
No, in fact, it’s long overdue. Let the chanting begin.
Chicken Little wrote: “The sky is falling, the sky is falling!!”
LMAO at “Chicken Little.” When Bush’s economy boasted 4% unemployment, 4% annual GDP growth, low inflation, low interest rates, rising stock and bond markets, all we heard was:
– “Not everybody is sharing equally in the prosperity”
– “Some are being left behind” (as if welfare recipients deserved a dividend)
– “Most of the jobs are ‘burger flipper’ jobs”
– “Bush’s deficits are too high” (and they were).
Now we’re told by Obama sycophants that it’s being a “chicken little” to point out the horrors of this administration’s failed Marxist economic policies, including its gargantuan, unprecedented spending/deficits, rising unemployment, collapsing business environment, and extremely unpopular socialist policies. Not to mention his absolutely embarrassing, failed foreign policy debacles.
My, how attitudes have changed over the course of a mere year.
Summers is a joke, the economy is a joke, here why 1.8 triilion deficit in 10 months by the Idiot Congress and Barry Obama more than every president combined since 1776. raising the debt ceilling 2.2 trillion,the stupid trillion dollar Afgan war where no one wins and is a joke because Obama wouldn’t know his a-s from a battleship his ability to lead is reading two telepromptors, the take over of banks, the auto industry, Communist Pay Crars,more people workin for half pay this insane massive attemtp to socialize KOMMY ELDER OBAMA DEATH health care that will realy be 5-10 billion dollar a year loser, massive tax increases coming in 2010, Bushs tax cuts being fazed out, the idea Government will hire most Americans, the real unemployment is 18% and rising, Crap and Tax on energy is coming, this list would be 100 pages why these these programs and crap will only destroy the US economy. Here my question who is this IDIOT Summers but a mouth piece to keep Obama from going in the 20% aproval with the entire Democrap congress is already in 21% aproval. When you run everything, numbers can be fudged with zero effort to fool the stupid people. I call for an audit of Obama treasury sec and all his communist cows that are now involveded destroying the US completely. SPEND AND TAX, TAX AND SPEND, DO YOU KNOW IF THEY PASS COMMY CARE, JAN 1 THE HUGE HEALTH CARE TAX STARTS EVEN SO THIS DIASTER WILL NOT START TILL 2013 your premiums go up 25 to 40%, YOU AND I ARE GOING TO BE TAXED TO DEATH TO TO PAY FOR SOMETHING THAT 61% AMERICANS DON’T WANT. Then there is the 1.2 trillion dollar pork bill being shoved our asses today they are going to pass this thing without a single GOP signing on, another economy killer. My solution 2010 a revolution biblical propotions of removing Obama and firing every communist democrat in congress. This is how f—-d our moronic communist government is it’s takes 250,000 US dollars to hire 1 government worker. Next year we will have 25-30% unemployment just to get everyone on the Government dole so USA will be a Dictator run by a Marxist Communist Muslim Jihadist President will be complete, there won’t be an election in 2010 bacause Islamic Jihad Obama will declare Marshal law in oct nov. Its’s coming folks these dirt bags like Pelosi Reid will push everthing bad to the USA just because they no there will be no elections 2010. This is a planned take over by these morons that all should be rotting in jail for life in solitair. Time to get the revolution started! It’s going to start and it will not be easy, since the ARABS own 70% of the common stock of NBC CBS NBC CNN (do some research)and all their cable shows Communist Government runs all the state owned Pravad news. Calling to congress isn’t going to work so show up to their homes show up to any political event, put the fear of GOD and the US People comming at them verbaly! SO NO the Economy will tank in 2010 unil we remove these anti Americam communist Marxist Isalmic pathetic Demonicrat Congress and Impeach the Jidaist Obama Trojan horse!
This isn’t the first time they have tried to encourage people with lies. Earlier this year when the unemployment numbers dropped .2% they said it was the end of the recession then too. Since then our government has printed trillions of dollars and the effects are yet to be felt. Anyone that thinks things are going to get better anytime soon is living in liberal la – la land. The dollar will collapse because of our governments out of control spending. They are like irresponsible teenagers tempted to take what they know isn’t theirs. This government is going to destroy our country if they haven’t already, with the looming effects still to come. I fear that our government is following the “Cloward and Piven” strategy to create a crisis and then “Fundamentally Transform” our country into a Marxist Socialist Nation! I hope I am wrong!
No Chicken Little:
Who cares what state owned JP morgan and the rest are full of Government corn fed crap. This is comming the US Government hired 1 milion part time workes for 60 days to to do the Communist Sensus so the will claim they created 1 million jobs in Jan that are 8-10 dollar, but these people are not eliglbe to be get unemployment when their contract is up so they won’t be counteded as unemployed. So the claim a million jobs where created 100% BS Since Government owns salaries in Banking the controls info, it’s 10000000% BS lies thats what comesd out Obozos Jihadist Muslim mouth. Clunkers Killed the Car Business (it cost US tax Payers 45,000 US dolars per car), it has caused more unemploynment already and the destruction of small business because it stole business from small mech shops, detailer, Wholes Salers, 750000 cars that would have created more jobs at the auto auctions but the laid off 25% because of it, future revenue to new cars stores in the way of service and sales in 2010. You wait everything this Jihadists Tele Promptor Queen does is a employment killer. Impeach Jihadist Obama and tear down the Demonirats in 2010. Let the revolution to take America back start today. (Go to communist h-ll no chicken little) It is time for a change before it’s to late! Impeach the Jihad Un American President Barry Barrack Husien Obama now.!
This clown needs to retire to one of his million $$$$$ hideouts, wait for the Congress to flip back to the GOP and ride the wave of prosperity that ensues!
America…Larry Summers…liar supreme and member of the Bilderberg Society!
Larry Summers…a financial advisor to the President of the United States of America…and Tim “tax evader” Geithner were reported to have traveled to Greece in May to give a presentation before the secretive Bilderberg Society (both will not substantiate their presence, of course) of where our country is in it’s fight in Afghanistan and Iraq and our financial crisis?
Why would they take valuable time and go to meet with a secretive society?
Why…is indeed the question…America! Because Bilderberg is the puppetmaster of one Bilderberg Bush-Obama!
Read about the meeting yourself and as reported in POLITICO…here is the link!
http://www.politico.com/news/stories/0509/22957.html
The ‘mentally unstable’ Democratzi have made our government a puppet government and the Bilderberg are pulling the strings!
“Real” Americans…we need to cut the strings in 2010 and beyond!
———————–
THE REVOLUTION OF THE SILENT MAJORITY!
1. GETTING INFORMED
2. GETTING INVOLVED
3. GETTING OUT THE VOTE
WE WILL REMOVE THE ‘MENTALLY UNSTABLE’ DEMOCRATZI STARTING WITH NEW JERSEY AND VIRGINIA IN 2009, INTO 2010 AND BEYOND…GUARANTEED!
IMPEACHMENT OR THE ‘ORIGINAL’ KENYAN BIRTH CERTIFICATE…IT IS JUST A MATTER OF TIME!
Oh yeah? There is alot of contractors going hungry here, You Putz
Summers is is nothing but a NWO puppet. He should be hanged on the White House lawn for treason against the USA along with all the other members of CFR, Trilateral Commission, and the Bilderbergs. Yes, that would include Obama and McCain. Summers please go crawl in a hole until then since nobody will ever listen to you.
http://market-ticker.denninger.net/archives/1723-The-Consequences-Of-The-Big-Lie.html
Oh Looky, it’s LARRY SUMMERS. By God, this is the same sack of shi* imbecile that bet all of Harvard’s endowment fund at the race track and lost 8 BILLION, yes, BILLION dollars of it! This man is not only a creep, he is a devout COMMUNIST.
Greatest con artist of all time, Mr. Larry “Ponzi” Summers-Madoff. He took 8 Billion dollars from the Harvard endowment fund and lost it all on the stock market. What fool and he should be in front of a Grand Jury right now. Now you know why Obunga is killing our Federal Reserve.
These guys will need to bail out the toilet paper industry when we’re all using dollar bills instead… but then, what will they bail them out with?
Liar
Someone tell that idiot Larry he’s correct the recession IS over the DEPRESSION has STARTED! Whatta’ moron!!
Look for a second dip in a double dip recession. The feds will HAVE to tighten monetary policy and stop all of the stimulus spending EVENTUALLY-look for the markets to respond very unfavorably. Also a increase in interest rates and tightening of fed spending will BURST THE ASSET BUBBLE THAT IS FORMING due to cheap money policies.
[...] Lawrence Summers, director of the National Economic Council and top Obama economic advisor, is calling the recession over and is expecting job growth by spring. Riding the fence, the Commerce Department is saying the [...]
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Someone stamp MF (miserable failure) on his forehead and get him off our TVs.