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Politics

Economy is next up for President Obama

Will use speech before Congress to detail his goals

WASHINGTON — President Obama on Tuesday will seek to move beyond the politics of the moment to define a second-term agenda built around restoring economic prosperity to the middle class, using his State of the Union address to unveil initiatives in education, infrastructure, clean energy, and manufacturing.

Having secured four more years in the White House by arguing that the nation’s economy is tilted against ordinary Americans, Obama will vow to use the power of his office to recapture robust job growth and economic expansion, according to White House officials who have seen the speech. Both eluded him during his first term.

Comments

when he says middle class he means union members, infrastructure and education does nothing for the private sector.

 

I guess more spending is on the horizon.

Said obama..

I have laid waste to much of the country, I will now focus on destroying what is left of our economy.

I will print money, and give it to union thugs.

I will legalize the millions of ILLEGAL ALIENS and give them EBT cards, and preferential treatment in all the government entitlements.

And I will crush the fools in the dreaded private sector.... I will extort them to work harder, and take all they make so that I may give it to those that don't...

 

Forward, comrade, Forward!

 

Replies

And Obama also said, with regard to Foreign Policy. "When North Korea and Iran not only build nukes, but DEPLOY them, I will express Righteous Indignation"..When I said "All options are on the table" I meant to say, that all of the options will STAY on the table.

If Obama wants to address major Middle Class Economic woes he will have to shine a bright light on large publicly traded American companies like State Street Corporation (STT) of Boston, MA (617)786-3000 which has been off-shoring middle class US jobs in small increments but incredibly "deceptively" - large total numbers (I estimate 3,200 US jobs, I worked their for 14 years) over the past three years since the firm received a $2 Billion US TARP Bailout form you and me..

We need a US JOBS Expatriation ACT to tax firms who are dumping US middle class jobs for pennies on the dollar in places like PUNEA and MUMBAI INDIA, so that executives like State Street's current CEO JAY HOOLEY - can earn a cool total compensation of almost $20 million last year - three times the amount his predecessor earned..

Replies

lol

5 years in

Are we now in "Recovery Winter I"?

 

What happened to "Recovery Summer" 1,2 and 3?

While hardly presented by the mainstream media with the same panache dedicated to the monthly ARIMA-X-12 seasonally-adjusted, climate-affected, goal-seek devised non-farm payroll data, the three month delayed Foodstamp number is according to many a far greater attestation to the "effectiveness" of the Obama administration to turn the economy around. And far greater it is: since his inauguration, the US has generated just 841,000 jobs through November 2012, a number is more than dwarfed by the 17.3 million new foodstamps and disability recipients added to the rolls in the past 4 years. And since the start of the depression in December 2007, America has seen those on foodstamps and disability increase by 21.8 million, while losing 3.6 million jobs. End result: total number of foodstamp recipients as of November: 47.7 million, an increase of 141,000 from the prior month, and reversing the brief downturn in October, while total US households on foodstamps just hit an all time record of 23,017,768, an increase of 73,952 from the prior month. The cost to the government to keep these 23 million households content and not rising up? $281.21 per month per household.

Total Americans on foodstamps:

http://www.zerohedge.com/news/2013-02-11/chart-day-households-foodstamps-rise-new-record

NY Times says "Having secured four more years in the White House by arguing that the nation’s economy is tilted against ordinary Americans" The Times is trying to put words into the mouths of Americans. How about if the Times stops LYING about how Obama secured four more years in the Whie House?

The Washington Post's "Fact Checker" gives 5 (FIVE) Pinnochios to this NY Times article.