Candy Crowley asked David Axelrod three times if the private sector was “doing fine” the way Obama claimed. Three times he talked about the public sector instead.
Seriously – have they poll-tested this argument? I really don’t get the sense that the voters are in the mood for more public sector spending right now. I’m not saying that it would be a bad idea, I’m saying that dog won’t hunt.
Dave must be drinking his own Koolaid.
The Crawdad Hole 
Via Hot Air:
The economy is recovering from the massive financial and broader economic collapse from 2008. The federal government is less than 20% of the general economy, so this rhetoric that it’s all one or the other party’s fault is silly. The private sector (not government) deleveraged massively during the initial collapse, 8 million net jobs were lost in 2008/2009, and we’re only gradually coming back.
Here’s that link again.
Is the private sector not hiring more because there is weak market demand or because of the federal debt. If it’s because of federal debt, why are market treasury yields this low. US government borrowing costs have never been lower in the history of the nation.
Companies are not hiring because people are not buying, and people are not buying because they don’t have money in their pockets, not because they are worried about the federal debt level. People will spend more when jobs and wages come back in both private and public sectors.
I don’t know much about economics, so I’m not even going to try. What I will say is that what the Fed has done to our money isn’t good. You’d think that with all the money that has been printed, inflation should be through the roof. As a result, you’d think interest rates would be high, but they’re not. In bad times, you’d hope to be able to make some nice interest on any money that you’ve managed to save. It’s not right. And I’ve been watching the rates on US Savings Bonds. They’re pathetic too. Two rates changes ago, one part of the rate was around 2%, but that’s been down the past two changes. BTW, these rates change every May and November. http://www.treasurydirect.gov/indiv/research/indepth/ibonds/res_ibonds_iratesandterms.htm
If both inflation and interest rates were higher (and they would likely move together), the real value of our savings would remain same or comparable. Market rates are this low because everyone is trying to save at once, while spending and investing in businesses are weak. If the Fed raised rates even a little bit today, another large wave of money would be sucked out of the economy into treasury deposits. The economy needs more spending and investing, not more savings. But there’s a lot of insecurity out there still in the world everywhere. The federal debt / dollar integrity / value of US treasuries — this is not one of those areas of insecurity — certainly not based on markets.
I got a D+ in macroeconomics, are you surprised? 😉
You’re forgetting one important aspect: the healthcare law. Will it stand, and if it does, how will it impact business? A lot of businesses will simply drop insurance coverage, but they don’t want to do it in trickles, where it might get political pushback. No, they will wait to see what happens and if the mandate stands, they will drop en masse.
“But the lesson of the stimulus—which spent hundreds of billions of dollars in aid to the states—is that this boost is temporary and fades when the spending ends.”
In my opinion, that’s the difference between good public spending and bad public spending. Good public spending (interstate highway system, TVA, park work done by FDR’s administration, early days of NASA, Head Start) are investments that pay dividends done the road. Bad public spending is often a result of crony capitalism.
There are good investments the current administration could have made, but that opportunity escaped them.
djmm
This asinine argument makes no sense especially when juxtaposeed, as they keep doing, with the claim that our problems are because of “headwinds” from a failing Europe.
Um, Europe is in a fix largely because they did exactly what Obama is proposing. Their public sector grew by leaps and bounds, far beyond the ability of their private sector to support it. So in order to resist those headwinds, we must do as they have done?
Want the money to hire/retain lots of public workers? Then get the fecking private sector, the productive part of the economy, booming. Bill Clinton understood this. Cart before horse.
And no, saying that public workers are not the producers of growth is not the same thing as saying they are not needed, or have no value, or that their spending has no stimulatory effect (I see that whine and accusation floating around a lot today). It is simply saying the truth: Govt workers do not and CANNOT drive an economy, or make growth happen. Focusing on retaining and protecting them, rather than on the growth engine that makes their existence and salaries possible, is insanity.
Obama & Axelrod sound like Prince John & the Sheriff of Nottingham.
OT Check out Dana Loesch’s timeline.
She & her husband Chris are going thru a TSA nightmare right now – TSA is claiming Chris clothes have nitrates on them
https://twitter.com/#!/DLoesch
Those nitrate tests are notoriously bad with lots of false positives. TSA is a really bad joke.
Twitchy recap
http://twitchy.com/2012/06/10/out-of-control-invasions-breitbart-coms-dana-loesch-and-husband-stopped-harassed-by-tsa/
Wonder if there is an Obama “Harass List”?
Apparently they opted out of the cancer-rays-p0rnoscanner so it may have been good ole uppity passenger gets payback thing.
I tested positive on my way out of Denver in 2008 and had to be manually patted down.
I usually have to pay extra for that.
Those nitrate tests are notoriously bad with lots of false positives.
Any tips on how to avoid getting a false positive?
We are flying (1st time in 3 yrs) this weekend I am am not looking forward to meeting the new & improved TSA.
I would have so much fun with TSA.
I would wear womens’ lingerie under my regular clothes, and pop a couple Viagra on the way to the airport. I wouldn’t bathe for a couple days before my trip, and eat some spicy chili the night before. I’d fill my pockets with condoms and french ticklers.
Then I’d moan loud and erotically while they searched me.
I’d never make it on the plane but it would be worth it.
😆
If they have bomb-sniffing dogs you could have lots of fun with a bottle of “Doe in Heat” deer attractant.
rule out lotion containing lactic acid
Ugh – I can’t wait to be rid of that Grease-Painted-Groucho-Marx Wannabe-SnakeOil-Can-Harry.
… and the left said Karl Rove was creepy… (well, he is, but can we admit that in Axelrod the Dems are giving Creepy a run for it’s money).
He’s an incredible ingrate to boot. After Hillary came through for his kid’s foundation, he masterminded the most vicious campaign in Dem history against her. Scum.
People are not stupid. They see through this, even beyond the economic aspects. Obama is not focused on the public sector because of his great concern for their jobs. He is focused on one of his last remaining bastions of power and money.
Unions, especially the govt unions, have done this to themselves, when they allowed themselves to become tied hand and foot to the Democrats – filling their coffers in exchange for unquestioning protection and coddling. Rather than keeping their power in THEIR hands, the hands of their workers, they ceded it all to a symbiotic parasite relationship to a political party.
If you did not want the public to eventually view you as just another cynical campaign arm of partisan politics, then guess what? You shouldn’t have become one.When you have been living the cushy life in the Big House with the best of everything, in return for being the liege lord’s enforcer, don’t trot out to the peasant fields in an election year and start bleating about solidarity. Because those toiling in the fields are going to laugh in your fucking face.
Govt unions have more in common with the “best apartments, private grocery stores” chosen apparatchiks of the former Soviet Union than they do with the striking coal miners of the past.
And they did it to themselves, so fuck ’em.
ITA to everything you said. Specially the comparison to apparatchiks – perfect.
I’m trying to copy my twitter response to this comment. I’m not certain how to do it though.
lateblum @lateblum
@FormerDeminTX That’s for sure.They use tactics of USSR apparatchiks to coerce their “members” for support. SEIU I’m talking about you.
View conversation Hide conversation Reply Delete FavoritedFavorite
To copy it, click on the “Details” link (you might have to click expand first) and that will bring the tweet up on it’s own page. Copy the url of the page.
thanks mom.. i’ll try that.
honk
Father & Son harassers of the Palins sentenced – the son calls his sentence “ridiculous.” Typical entitled obot.
http://www.adn.com/2012/06/08/2496777/sentencing-set-for-today-in-palin.html
Nuttier than squirrel shit.
That’s an insult to squirrel shit. That joke never gets old. 🙂 Also, have I mentioned lately that Obama eats dogs?
The comments say it all. Leftist after leftist defending using the threat of rape to silence those you disagree with politically. This is what they stand for now.
oops
Mossad Agents Claim Obama Lying About Stuxnet
http://www.breitbart.com/Big-Peace/2012/06/10/Oh-No-You-Didnt-Mossad-Agents-Claim-Obama-Lying-About-Stuxnet
Goodness. That is so like Obama to claim credit for something he jumped into at the last minute.
That’s what happens when you burn bridges. Maybe dissing Bibi wasn’t the smartest move in the world, even when you’re special & historic like Barry O.
This article. despite being utterly bullshit negative about Bill Clinton in many ways, GETS IT.
Anyone counting the Big Dawg out, or thinking he doesn’t know what he is doing, has their head up their ass. He’s the most skilled politician I’ve ever seen, and knows the game much better than any of his detractors.
http://sultanknish.blogspot.com/2012/06/what-bill-clinton-knows.html
You know, it occurred to me a few days ago that a benefit of doing this early is that he might be considered too much of a wild card to campaign for him in the fall, or the Obamas’ famous Chicago way of punishing perceived enemies might make them cut him out of the campaign entirely. Either way he doesn’t have to do something he already doesn’t want to do, and he gets to protect his brand in the process. And it forces a huge error. They will need Bill. He’s made understanding (accepting) that more difficult for them.
Yup! I can just see the conversation last year between Hillary & Bill:
Hill: “You know dear, as SoS I can’t campaign for SCoaMF. Such a shame. You, however, are still on the hook.”
Bill: “Damn it!’
*cogitates*
Bill: “I guess I’ll just have to be extra helpful when I campaign for him then; so helpful they’ll say I’ve done enough helping before summer ends.”
Very good. I liked it. 🙂
Politico reports on Nutroots:
Koolaid is a helluva drug.
No one I know voted for Nixon. And Reagan is a laughable B-actor.
Whuuuuuuuh??? How did this happen???? Inconceivable!! I predict solemn Obama drool bucket journolists bemoaning our “national tantrum” come Nov.
Excuse me, you arrogant turd, but the foundation this country already has is fine by me. It’s called the constitution. Previous presidents, D or R, may have wanted to build different things on that foundation, some good some bad, or even transgressedd against that foundation, but they never wanted to dig down to bedrock and remake our “foundation” into something else entirely.
This is why I want this POS and everyone associated with him gone and relegated to the political desert.
http://www.foxnews.com/opinion/2012/06/08/what-do-historians-really-think-obama/
Jeebus. Every time I think this worthless asshole can’t get worse, he surprises me. He truly is the worst president in my lifetime. And I thought Bush was the worst ever.
His original idea was “I’m a big fucking deal”
Hell, that’s his only idea. There’s nothing else in his head.
Dandy, Bush WAS the worst. Until now. I had no idea just how bad TehOnce could be. NONE. Did you? Did anyone? I keep askng “Who could’ve predicted?” And I really mean it.
Bush WAS the worst. He trampled on the constitution when it suited him, and justified it. But despite our alarmism (mine included), looking back I don’t think he really had any burning desire to supplant it. IMO, Obama does.
She’s just a “sweetie”, what does she know. /s
“This is why I want this POS and everyone associated with him gone and relegated to the political desert.”
And the “intelligensia” can lead the way. Idiots.
“Michael Beschloss…described Obama as “probably the smartest guy ever to become president,” which appeared to put Thomas Jefferson in his place.”
If you really think that, then you must conclude that Obama, who can do anything because of the shear weight of his genious, must be destroying the economy and fucking up in every other way, on purpose. That is, eleven dimensional chess. Sooo, if he’s this bad on purpose, does that make him better or worse? Incompetent or evil, which is better?
Madison and Lincoln were pretty sharp cookies too.
Naked imitation of New Deal anyway. Imitation can be homage, or it can be derivative. Guess which one Obama is?
Plagiarist
A New Foundation = A Blank Sheet
Romney is the first politician to use Apple’s iAd service (used on iOS devices). What happened to the Obama kids being hip and cool and better and mobile, and social, and tech. in general.
Obama is so four years ago.
Don’t get too cocky. Obama is still gonna fight. http://www.politico.com/news/stories/0612/77213.html
Good. I hate it when they just moan and lay there.
I want them to fight tooth and nail, just like they did in Wisconsin.
New packaging on the way.
Messina sends new survey “asking backers to rate which issues are most important to them and the effectiveness of the campaign’s efforts so far”
http://thehill.com/blogs/ballot-box/presidential-races/231903-obama-campaign-asks-supporters-to-grade-its-performance
I hope I got the email. I’m still on their lists. I’ll tell them that Obama needs to double down on govt unions, and go full on more spending.
😀
I would give the zero a zero.A big fat O 😆
http://weaselzippers.us/2012/06/10/flashback-obama-wants-credit-for-supposedly-slimming-government-workforce/
now – he wants more government jobs
then – he wants credit for cutting government jobs