Tag Archives: Tim Geithner

Obama economy: “Hardest times in a lifetime”

Are you better off now than you were two years ago?

Timmy Tax Cheat Geithner…..

…..tells NBC’s “Meet the Press” on Sunday that it’s a very tough economy. He says that for a lot of people “it’s going to feel very hard, harder than anything they’ve experienced in their lifetime now, for a long time to come.”

Well,  thank you, Barack Obama.  For nothing.

Senator Barack Obama, in 2006, said the following:

“The fact that we’re here today to debate raising America’s debt limit is a sign — is a sign of leadership failure.  Leadership means the buck stops here.  Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren.  America has a debt problem and a failure of leadership.  Americans deserve better.  I therefore intend to oppose the effort to increase America’s debt  limit.” …..Barack Obama

In November of 2008 unemployment under Bush was 6.5 a 14 year high at the time:

U.S. unemployment rates under President Bush have reached a 14-year high. According to the Bureau of Labor Statistics, unemployment climbed to 6.5 percent in October, as the country shed 240,000 jobs. U.S. unemployment rates under President Bush have certainly increased–for example, the unemployment rate for October 2007 was 4.7 percent.

Unemployment for June, 2011 – 9.2 percent.

In November, 2008, president-elect Obama said:

In a Chicago press conference Nov. 7, the same day the unemployment data were released, Obama acknowledged the job losses and their toll on the workforce, noting, “we’re going to have to act swiftly to resolve it.” He went on to say that until Jan. 20, the Bush administration is in charge, but, “Immediately after I become president, I’m going to confront this economic crisis head-on by taking all necessary steps to ease the credit crisis, help hardworking families, and restore growth and prosperity.”

Today, July, 2011, under Obama, unemployment is at 9.2 percent.

Rewind to beginning: 

Timmy Tax Cheat Geithner…..

…..tells NBC’s “Meet the Press” on Sunday (July 10, 2011) that it’s a very tough economy. He says that for a lot of people “it’s going to feel very hard, harder than anything they’ve experienced in their lifetime now, for a long time to come.”

Well, thank you, Barack Obama.  For nothing.

Unemployment numbers: 

2005 – 5.1 (Bush)

2006  – 4.6 (Bush)

2007 – 4.6 (Bush)

2008 – 5.8 (Bush)

2009 – 9.3 (Obama)

2010 – 9.6 (Obama)

June, 2011 – 9.2 (Obama)

http://www.bls.gov/cps/prev_yrs.htm

Posted:  07.11.11 @4:49 a.m.

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Filed under Barack Obama, Financial Crisis, politics, President Barack Obama, Uncategorized

OBAMA PROMOTES SAVINGS WHILE HE SPENDS RECORD TRILLIONS

I heard a hint of this a few months ago – and I remember thinking:  How in the world are people going to be forced to save?  Well, here’s the beginning of it.

You don’t get to choose whether you want this deduction or not, your employer will have the right to deduct and you will have to OPT OUT if you do not want it.  (Which is backwards.)

In Obama’s radio address today he outlines steps to get people to save for retirement.  I think this is the beginning of the end of social security.

The new federal steps, which do not require congressional action, include:

  • Making it easier for small companies to set up 401(k) retirement savings plans in which all workers are automatically enrolled unless they ask to be omitted. Employers can set default amounts of each worker’s pay—perhaps 3 percent—

  • Allowing such plans to automatically increase the amount that workers save over time unless the workers object.

  • Allowing people to check a box on their federal tax returns asking that any refund be sent as a savings bond.

“This recession has not only led to the loss of jobs, but also the loss of savings,” Obama said.  [Unemployment now at 9.7 and steadily climbing.]

“If you work hard and meet your responsibilities, this country is going to honor our collective responsibility to you: to ensure that you can save and secure your retirement. That is why we are announcing several common sense changes that will help families put away money for the future,” Obama said.

[Side note:  ” While saving for retirement is universally seen as a good idea, any increase in savings rates could somewhat slow the nation’s rebound from the economic recession.”]

And this from Tax Cheat Tim Geithner:

“Just as the administration is dedicated to reviving the economy and getting people back to work, [ha ha ha ha – 9.7, highest unemployment in 26 YEARS] so too it is dedicated to helping put retirement security within the reach of all Americans,” Geithner said in a statement.

Another note:  In order to participate in ANY of it, one will need a job.  Say, buddy, can you spare a dime?

But Dear Leader knows best.  obamascary “Save your money, and I mean it.”

Posted:  09.05.09

See Obama Promotes Savings.

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Filed under Barack Obama, Financial Crisis, health care, Human Interest, life, President Barack Obama, Uncategorized