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Tag Archives: George Bush

For nearly 5.5 years now Barack Obama has been blaming Dubya for the condition of the economy.  In some cases, to be fair, he’s right.  Dubya and the Republicans had control of things for a number of years and they all spent like massive fools.  They deserve their share of the blame.

The strategy has run it’s course.  Except for the far left Liberati, the idea that Bush is to blame is a Trivial Pursuit answer; next to meaningless.  The current administration has had time to try their grand experiments, the results are in and stock must be taken.

Obama has to see that what he’s doing isn’t working.  In fact, what he’s doing is making it even worse.  In short, he’s taken a bad, very bad, situation, and simply done wrong.

Obamacare – an economy killing piece of legislation.  Feel good?  Free rubbers for everyone?  Sure; maybe.  But a jobs driver?  Not so very much:

From the post:

Correlation is not causation, but in fact we have a lot of independent evidence (including my own experience) that many small and middle sized companies have changed their hiring plans based on costs and uncertainties of Obamacare.

Say what ya want.  Data seems to be adding up that kids of socialist Marxists growing up learning to despise colonizers who then go to liberal law schools and organize the poor while never holding a job that demands results within the context of larger organizational constraints don’t make good Presidents.

I’m just sayin’.

I have posted on a comparison of the last major recessions.  The first such comparison featured the GDP growth as we march through that recovery.  Each President; Obama, Bush, Clinton and Reagan had a shot at a recovery.

This post will feature the unemployment rate as we continue from recession to recovery.  This specific comparison, or feature, will look at the raw unemployment rate.  All data is taken from the BLS.gov website.

So, what does the data show?

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I think that I am consistent with the Republican party’s claim that one Mr. Barack Obama spends too much.  Further, I think that I am consistent with the same Republican party in their view that it’s spending, not revenue that’s the problem.  After all, I’ve demonstrated that receipts increase year over year at a 7.2%.  And by simply slowing the growth of government, we can balance the budget in as little as 19 years.   God forbid what happens if we actually REDUCE the year over year of the government spend.

To that end, there has been much talk in the nation about that government spending.  Where it came from and who is actually spending it.

Remember, the subject is spending.  And that Barack is doing more of it than anyone else.

The context is “who is contributing to the massive increase in government spending we are seeing?”

And the answer to that question is being answered by this graph:

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Remember when Barack Obama was against all that Bush was for?

Debt limit being raised?  Against it.  [Though to be fair, every single Democrat in the Senate, every single one, voted against it.  And I suspect now that each and every one will vote FOR it.  Again, in the spirit of fairness, every single Republican also voted FOR it.  Sill y business hits.]

War in Iraq?  Against it.

Gitmo?  Against it.

Rendition?  Against it.

And now this one.  Libya.

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We are now 7 quarters into our recovery from the previous recession.  I have long thought it time to conduct a review of this current recovery as compared to previous recoveries.

I have gone back to the previous 4 recessions and their recoveries.  Above is a graph showing the growth of GDP for each recovery starting with the date in which the NBER calls each recession cycle.

The numbers above reflect the GDP growth in current dollars. Further, I have only gone out 12 quarters, or 3 years.  Anything past this and I think we have normal economic cycles taking place that have little to do with the recovery efforts put in place during the recessions described.

There has been little secret that the current administration holds the previous administration responsible for the recession.  However, if that is true, the current administration is responsible for the recovery.  So, how has it done?

At this point, the Obama’s recovery is only slightly ahead of any of the other 3.  The current quarter represented a 4.0% increase in GDP over the previous quarter.  The only other recovery that had a worse showing was the Reagan recovery of 1982; it had a 3.9% increase.  However, unlike the Obama recovery, the Reagan recovery had significant growth for the first 6 quarters.  Obama’s recovery has not shown that degree of success.

Reagan vs Obama

Here is the direct comparison:

The visual is clear, the Reagan recovery was much more vibrant than the current Obama recovery.  While Obama did better this quarter, the lack of growth in the preceding quarters is disappointing.

Obama vs Bush

Perhaps a more damning comparison, at least for this specific political cycle, is the comparison of Obama vs Bush:

Here the Obama recovery is very similar to the previous Bush recovery.  However, the pressure is on.  Beginning in the 8th quarter on, Bush had a very impressive record of strong GDP growth.

We’ll see if Obama is able to match that record.

I work in corporate America.  The company I work at is huge; massive.  I’m not a superstar.  I’m not an over achiever.  I’m a pretty low level manager in fact.  But – BUT I know what makes a team tick.

I know what a good manager should say and what a bad manager does say.

In my years as a corporate denizen I’ve come to learn to fear the characteristics of a bad leader.  And I’ve learned to identify those characteristics.

A good example of what I’m talking about is illustrated below.  Each man was President when a sought after criminal was captured or shot:

First take the words of Dubya:

The success of yesterday’s mission is a tribute to our men and women now serving in Iraq . The operation was based on the superb work of intelligence analysts who found the dictator’s footprints in a vast country. The operation was carried out with skill and precision by a brave fighting force.  Our servicemen and women and our coalition allies have faced many dangers in the hunt for members of the fallen regime, and in their effort to bring hope and freedom to the Iraqi people. Their work continues, and so do the risks. Today, on behalf of the nation, I thank the members of our Armed Forces and I congratulate ’em.

And the compare them to the words of Obama:

And so shortly after taking office, I directed Leon Panetta, the director of the CIA, to make the killing or capture of bin Laden the top priority of our war against al Qaeda, even as we continued our broader efforts to disrupt, dismantle, and defeat his network. Then, last August, after years of painstaking work by our intelligence community, I was briefed on a possible lead to bin Laden. It was far from certain, and it took many months to run this thread to ground. I met repeatedly with my national security team as we developed more information about the possibility that we had located bin Laden hiding within a compound deep inside of Pakistan . And finally, last week, I determined that we had enough intelligence to take action, and authorized an operation to get Osama bin Laden and bring him to justice. Today, at my direction, the United States launched a targeted operation against that compound in Abbottabad , Pakistan .

I’m not sure you can sum up the effectiveness of a Presidency in so few words, but you can get a hint at the style of the man.

Go ahead – read it again.

You’ll begin to see the difference between a man comfortable in his role as leader and a man who isn’t sure; is running scared.

Obama wasn’t qualified when he won.  And he isn’t qualified now.

And that’s my point.

Out with the new. In with the old.

So, something happened to me today that sent shivers down my spine.  Something so horrible I couldn’t even bring myself to tell my family.  I was left all alone, in the dark, all by myself.

Did I say I was alone?

And in the dark?

That’s cause the light bulb in the lamp on my night stand went out!

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I am hard on Democrats.  And to be fair, I should really be more clear and rail against Liberals.  After all, I am SURE there are some decent minded Democrats out there.  The problem is, however, that Democrats are forced to keep supporting Liberals….and THAT makes me look at ’em sideways.

Anyway, the recent TSA hullaballu has me laughing at people.  And in this case, I’m mostly laughing at the Right.

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Ahhh yes, my favorite morning show hosts are back at it.  Back at sounding rather, umm, well, less than intelligent.

The discussion of the moment is that Palin isn’t “smart” or “educated” but that Obama is.  And the proof of this is the fact that he graduated Columbia University and later attended, and graduated form Harvard aw School.  Further, he served as the editor of the Harvard Law Review.

And that’s where the hilarity begins.

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