Barack Obama is the worst president in the history of the United States

 
Quote from Grandluxe:

2/07/2013 @ 10:02PM |
Forbes
The Worst Five Years Since the Great Depression

The results are in, and under President Obama the American people have now suffered the worst 5 years since the Great Depression.

Even though the employment age population has increased by nearly 12 million since January, 2008, there are now 3 million fewer Americans working, with employment declining from 146.3 million in January, 2008 to 143.3 million in December, 2012.

If America enjoyed the same labor force participation rate as in 2008, the unemployment rate in December, 2012 would have been 11.4%, compared to 4.9% in December, 2007, under President George Bush and his “failed” economic policies of the past.

Before this latest spooky downturn, since the Great Depression recessions in America have lasted an average of 10 months, with the longest previously at 16 months. The latest recession began in December, 2007. Yet here we are 62 months after the recession began, and there is hardly any recovery at all.

During the last 5 years, real median household income has declined nearly 9%, from $54,489 at the end of 2007, to $50,020 at the beginning of 2012. That was the most precipitous plunge on record, with a greater fall after the recession ended than before, which is unprecedented in American history.

Poverty has soared under Obama, with the number of Americans in poverty increasing to the highest level in the more than 50 years that the Census Bureau has been tracking poverty. Over the last 5 years, the number in poverty has increased by nearly 31%, to 49.7 million, with the poverty rate climbing by over 30% to 16.1%. Obama has also been the food stamp President, with the number on food stamps increasing during his Administration to an all time record high of 47.7 million, up 80% over the past 5 years.

Over the last 5 years, the economy has grown at an average annual rate of 0.6%, less than one fifth the long term American growth rate.

The Census Bureau publishes the Gini Index, which is the official measure of income inequality. That index has climbed every year President Obama has been in office. It was flat during the 8 years under President Bush (which means inequality did not increase).

Inequality is increasing under Obama because the incomes of the top 20% of income earners are increasing, while the incomes for everyone else have been declining. That is right, Progressives, what all your huffing and puffing has achieved is the rich getting richer, and the poor getting poorer. That didn’t happen under Reagan, where the rich got richer, and the poor got richer.

Congratulations, Progressives. You have proven the truth of Winston Churchill’s observations, “The great vice of capitalism is the unequal sharing of blessings. The great virtue of socialism is the equal sharing of misery.”

Read More: http://www.forbes.com/sites/peterfe...orst-five-years-since-the-great-depression/2/
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Granted obama is a piece of shit but he's light years away from being our worst prezident.

In investor parlance we call that recency bias (for those non- and grossly inept traders out there, you know who you are , ricter , IQ47 , 99cent,)
 
Health reform and entitlement changes 152 billion (in the first year of coverage) LOL.

Bush tax cuts obama made permanent how much should that cost him since they are hitting bush for 1.8 trillionm and bush only had them set for 6 years?

700 billion in stimulus under bush which was tarp which ALL GOT PAID BACK

This whole tsble is a complete crock of shit.
Quote from AK Forty Seven:
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PT dug up this little gem.

Argentina’s Cristina Kirchner has ordered a price freeze on food products to last two months. The price freeze applies to the largest food retailers, which account for seventy percent of the market. It follows a day after the IMF censured Argentina for its manipulated statistics, most importantly its gross underreporting of the inflation rate. Customers have been urged to keep cash register receipts as proof if the largest retailers violate the freeze order.

The results are predictable. Market demand will spill over to small retailers who cannot satisfy the demand for food products. Their prices will rise, and there will be two quite different prices of the same food products. Customers of large retailers will stand in line hoping to buy at the frozen price. There is no assurance that there will be anything to buy when they get to the front of the line. Outside Wal-Mart, Carrefour, Coto, Jumbo, and Disco stores, black market sellers will offer customers goods at much higher prices. Police will either tolerate them or try to dislodge them, only to see them come back later to continue their business.

Corruption at the wholesale level will soar as black marketers seek supplies at prices higher than the large retailers can legally offer and still cover their costs. Corruption will spread throughout the economy and into government as freeze breakers seek the support of influential political figures within the economics or agricultural ministries.

Meanwhile, the government of President Cristina Kirchner will divert blame for food shortages from the true villains – namely themselves – to the black marketers and others who violate the price freeze. Instead of the failure of government policies, “speculators,” “big business”, or enemies of the Argentine people will be to blame. Such nonsense should not work, but it does.

What a mess it will be. I guess no one ever learns. Or have they learned that economic chaos allows them to point the blame for economic mismanagement at others.

Cristina Kirchner’s Argentina illustrates an alarming trend. Her government has expropriated major foreign investors, falsified statistics, destroyed central bank independence , used the nation’s currency reserves for political payoffs, and faces default. Yet she was easily reelected, just as her neighbor Hugo Chavez, whose gross mismanagement of Venezuela‘s economy may be unmatched in Latin America. Barack Obama was re-elected in the United States despite the worst recovery of the postwar era. All offer populist programs, which seems to buy them a pass at election time.

Have we passed the time in which economic mismanagement is not punished at the ballot box? It seems so.

http://www.forbes.com/sites/paulrod...o-one-ever-learns-the-argentine-price-freeze/
 
How Obama expanded discretionary spending in just his first year.

<img src=http://images.newsmax.com/article/discretionary_spending.gif width=600 height=500>
 
Quote from pspr:

PT dug up this little gem.

Argentina’s Cristina Kirchner has ordered a price freeze on food products to last two months. The price freeze applies to the largest food retailers, which account for seventy percent of the market. It follows a day after the IMF censured Argentina for its manipulated statistics, most importantly its gross underreporting of the inflation rate. Customers have been urged to keep cash register receipts as proof if the largest retailers violate the freeze order.

The results are predictable. Market demand will spill over to small retailers who cannot satisfy the demand for food products. Their prices will rise, and there will be two quite different prices of the same food products. Customers of large retailers will stand in line hoping to buy at the frozen price. There is no assurance that there will be anything to buy when they get to the front of the line. Outside Wal-Mart, Carrefour, Coto, Jumbo, and Disco stores, black market sellers will offer customers goods at much higher prices. Police will either tolerate them or try to dislodge them, only to see them come back later to continue their business.

Corruption at the wholesale level will soar as black marketers seek supplies at prices higher than the large retailers can legally offer and still cover their costs. Corruption will spread throughout the economy and into government as freeze breakers seek the support of influential political figures within the economics or agricultural ministries.

Meanwhile, the government of President Cristina Kirchner will divert blame for food shortages from the true villains – namely themselves – to the black marketers and others who violate the price freeze. Instead of the failure of government policies, “speculators,” “big business”, or enemies of the Argentine people will be to blame. Such nonsense should not work, but it does.

What a mess it will be. I guess no one ever learns. Or have they learned that economic chaos allows them to point the blame for economic mismanagement at others.

Cristina Kirchner’s Argentina illustrates an alarming trend. Her government has expropriated major foreign investors, falsified statistics, destroyed central bank independence , used the nation’s currency reserves for political payoffs, and faces default. Yet she was easily reelected, just as her neighbor Hugo Chavez, whose gross mismanagement of Venezuela‘s economy may be unmatched in Latin America. Barack Obama was re-elected in the United States despite the worst recovery of the postwar era. All offer populist programs, which seems to buy them a pass at election time.

Have we passed the time in which economic mismanagement is not punished at the ballot box? It seems so.

http://www.forbes.com/sites/paulrod...o-one-ever-learns-the-argentine-price-freeze/
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Thanks I appreciate the courtesy of the attribution.

Homeland security is stocking up on ammo for just such an occurrence here .
When inflation starts rising the politicians will instivtively lean towrds price control as the solution .

Ironically it won't matter how many people they put on the food stamp rolls because when price controls go in effect there won't be any to be had even if you do have "your gubbermint largess card" .

So far I've avoided it, but I'm strongly considering building up an emergency multiple month food supply.

Oh btw another thing argentina did might interest all you "grasshoppers" out there .

Argentina Nationalizes $30 Billion in Private Pensions
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By ALEXEI BARRIONUEVO
Published: October 21, 2008
BRASÍLIA — Argentina’s government said Tuesday that it would seek to nationalize nearly $30 billion in private pension funds to protect retirees from falling stock and bond prices as the global financial crisis continues.


Marcos Brindicci/Reuters
The Buenos Aires office of the Met AFJP pension administrator, which is run by the American insurer MetLife.
Related
Times Topics: Credit Crisis — The Essentials

The measure, confirmed in a speech in Buenos Aires late Tuesday by Cristina Fernández de Kirchner, Argentina’s president, was criticized by political opponents and analysts as a move to shore up government coffers to try to head off a fiscal crisis in 2009, when Argentina might be struggling to make billions of dollars in debt payments.

The announcement sent the Buenos Aires stock market, the Merval, down nearly 11 percent, and led analysts to question whether the nationalization, which is subject to approval by the Argentine legislature, puts property rights at risk and threatens the rule of law in the country.

It may be the first time a Latin American government has expropriated cash. The move is expected to give the government breathing room as falling commodity prices drive down tax revenue from agriculture by as much as $6 billion next year, according to some estimates. Commodity prices have fallen as fears of a global slowdown have grown.

Argentina’s precarious fiscal situation predated the global financial crisis.

Argentina is one of the world’s top five exporters of beef, soy, corn and wheat, and falling prices for those commodities have diminished the government’s main sources of revenue. The country spent much of its windfall during this decade’s commodity boom paying off debts and subsidizing fuel and other consumer items to stimulate rapid growth.

Now it may face a struggle to pay some $22.4 billion in debt obligations and other payments due next year, Daniel Kerner, an analyst with Eurasia Group, a risk consulting firm, said.

So far, other governments in South America, including Brazil’s and Chile’s, have said they will tap Central Bank reserves or stabilization funds amassed during the commodity boom to help important export industries withstand the global credit crisis.

Mrs. Kirchner characterized Argentina’s move as government protectionism in line with bank bailouts in Europe and the United States. “We are making this decision in an international context in which the leading countries in and out of the G-8 are protecting their banks, while we are protecting our retirees and workers,” she said in a televised speech.

She dismissed criticism that the move was simply a grab for cash, noting that the private pension plan put in place 14 years ago had produced a low rate of return for holders this year.

But analysts said the move could hurt Argentina. “This will be a major blow to the country’s isolated capital markets, and will probably dampen consumer and investor confidence further,” Mr. Kerner said.

The opposition leader Elisa Carrió, who ran against Mrs. Kirchner for president, told Radio Mitre on Tuesday that the government was trying to “loot the funds of retirees.”

According to the plan, all the assets in individual accounts would be transferred to the state’s “pay as you go” system, and affiliation to the state system would be mandatory, effectively putting an end to the current dual system.

Regional elections are scheduled for October 2009. By taking over the pension funds the government can continue to spend on programs that help it retain political support, which Mrs. Kirchner lacks after a debilitating four-month strike by farmers over export taxes that ultimately ended in defeat for the government.

If the move is approved, her government may have secured an important electoral asset, which could help guarantee Mrs. Kirchner’s political survival.

Vinod Sreeharsha contributed reporting from Buenos Aires.

http://www.nytimes.com/2008/10/22/business/worldbusiness/22argentina.html?_r=0
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This ain't from the Onion people, it's real and it wasn't just a proposal they did it . .
From the NYT if anybody wants to falsely claim an unfairly biased against the left news source.
 
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