Gerald Ford suffered from the same problem. Richard Nixon. Nixon intentionally created economic malaise in 1968 and 1970. Wasting human life and spending money we did not have because (as tapes between he and Kissinger demonstrate), Nixon did not want to lose a war on his watch.

Economic destruction causes massive unemployment that could only be solved by punishing all Americans with diminished standards of living. And by selling off major American assets. But Gerald Ford was not willing to drive interest rates up towards 20%. Carter (and Volker) did that. Therefore the economy and jobs finally returned in the mid- 1980s. That type of economic destruction takes that long to fix.

Those same economic lessons apply today. Obama must do what only Reagan was able to accomplish.

Thanks! I can't take credit though, I read it on a CNN online comment.

It's the thought that counts.

That second quote is exactly what I was thinking just now. Brilliant.

This statement encapsulates why you are so abysmally incapable of politics, tw. You're wrapped up very tightly in wacko extremist theories, and your opinions aren't normal, neutral, nor natural. They are conspiracist, and Michael Schermer's work apparently has altogether escaped you.

When you reject and break and reverse ObamaThink, discouraging the Democrats and their like-thinkers on the Republican side of the aisle, you have saved the Republic. Otherwise, it's the making of the Socialist Oligarchy, and nobody of sense ever wanted that for a nanosecond. I come up to that excellent standard.

Hmm. I seem to recall balanced budgets on the Nixon watch too.

In Tw World, the Communists never come in for their share of the credit, particularly in the wasting human life end of things. Not once. He misses one hundred and twenty million untimely deaths -- tells you how abominable tw's socialist biases really are, how profoundly he longs for the halcyon days of Josef Stalin and a genocide for every other Five Year Plan. Needs his nose beaten flat with a rolled-up National Review. And an enema.

"War is an ugly thing, but not the ugliest of things. The decayed and degraded state of moral and patriotic feeling which thinks that nothing is worth war is much worse. The person who has nothing for which he is willing to fight, nothing which is more important than his own personal safety, is a miserable creature and has no chance of being free unless made and kept so by the exertions of better men than himself."
John Stuart Mill
English economist & philosopher (1806 - 1873)

This regrettable point of view runs through all of tw's thinking, and he'd like me to adopt it. He'd feel better in his -- lapsed -- condition if I did. He consistently champions it, and opposes and criticizes those who are otherwise in the head and heart -- calls 'em cannon-fodder and puppets and so forth. Unfortunately for tw's ill-founded moral self-estimation, I have better ideas than that. His badness torments him -- and I help. He could perhaps have had something else, something better. But nooooope. Now that Radar's taken off, tw's is the #1 miswired psyche in the Cellar.

FACT CHECK: Obama pushes plans that flopped before


http://apnews.myway.com/article/20120125/D9SFO48G0.html

Merc, only you could blame the President for the (in)actions of the Republicans in Congress. You're stretching it there, pal. :right:

Obama said:Bloomberg
Paula Dwyer
Jan 19, 2012
GM Back on Top Among the World's Automakers: The Ticker
NY Times
By Jerry Hirsch
February 1, 2012, 5:53 a.m.

Chrysler earns first annual profit in more than a decade
No more excuses...

Here are a few responses to Obama's State of the Union
by CATO INSTITUTE spokesman, DJ Ikenson,
in the first couple of minutes of Classic's link above.

@0:49 - "...Ford, Honda, Toyota... the other U.S. companies could have reaped the benefits of GM's death"

@0:59 - "A million jobs were never at stake"

@1:38 - "First of all, manufacturing never left. There's no need to be manufacturing back"

@1.51 -" It not the responsibility of business to create jobs in the United States
The responsibility of business is to their shareholders"

I'm sure other viewers can find more examples of the CATO mind set.

But did you enjoy the listen?
I intentionally didn't comment & just posted the video.

I stopped at the 2 minute mark - the CATO mind set is not new to me.

Damn, I thought you and your nice clean coffee cup would enjoy a little relaxing listen.