Talking down the economy

Wow how about this criticism about the Obama administration from the NY Times, in fact......

Normally, presidents are cheerleaders for the nation's economy.

Oops. My bad. This was from the NY Times in March, 2001 ripping then president Bush for "talking down the economy". Here's some more of the beat down......

Now comes George W. Bush, who is presenting what an analysis in The Financial Times lastweek called ''the novel spectacle'' of a president ''urging citizens to ignore good economic news and focus on the bad.'

All week, the president talked about the economy ''sputtering,'' and he wrapped up the week on Saturday by beginning his weekly radio address to the nation this way: ''Good morning. For several months, economic indicators have pointed toward a slowdown, and now many Americans are starting to feel its impact. The stock market is causing worries, high energy prices are straining family budgets and some workers and small-business people have been directly affected by layoffs and slowing retail sales.''

The fact of the matter is that the stock market did have a very bad week -- its worst in 11 1/2 years -- and many people are beginning to feel the pinch. But the economic news is not universally bad.

The Labor Department reported that 135,000 jobs were created in February, and the unemployment rate remained low at 4.2 percent. Retail sales remain relatively strong, particularly for big-ticket items like cars. Almost certainly, given the growth in jobs, the economy is not now in a recession.

But Mr. Bush and his advisers clearly decided a while back that the best shot they had for getting the public to support and Congress to approve a large tax cut was to argue that the measure was essential to bolster a sagging economy.

Early in his presidential campaign, in December 1999, when the economy was on a roll, Mr. Bush outlined his tax plan to the Chamber of Commerce in Des Moines and suggested that economists might be wrong in forecasting continued economic growth. Just in case, he declared, taxes should be lowered because ''if delayed until a downturn begins, tax cuts would come too late to prevent a recession.''

This is how I know the Obamunists are cutthroat socialists..... they're the only politicians to talk down their own economy.

Look, I actually don't believe that there's much any president can do, policy wise, to improve an economy. They can do plenty to harm it.

But the Obamunists seem hell bent to beat down the very people who you need to create jobs for the masses; not exactly out of the "How to make friends and influence people" playbook.

This is what happens when you hire a bunch of liberal art majors to run economies. They somehow seem to get degrees from colleges without one Econ 101 course. See if you were to ever take an econ 101 course you would understand that 90 percent of economics is psychology and sociology. If people perceive shortages, demand goes up. When people perceive you're out to screw them, they tend to do crazy shit like hoard cash.

One of Ronald Reagan's greatest strengths as president is that he created a perception that things were going to be great, and he supported everyone in that vision. Have you ever heard The Messiah speak of our nation as a great one? Have you ever heard The One speak about the great private enterprise engine that creates opportunities for millions around the world?

Maybe the dumb asses in the Obama administration would understood that. If they would have taken a couple of history courses to go along with that econ course.