Obama Beyond Clueless: "The Private Sector is Doing Fine"

As Scott Shackford notes below, President Obama's comments at today's press conference included the delusional statement that "the private sector is doing fine."

Via RealClearPolitics, here's vid and a transcript:

Question: What about the Republicans saying that you're blaming the Europeans for the failures of your own policies? 

President Obama: The truth of the matter is that, as I said, we created 4.3 million jobs over the last 27 months, over 800,000 just this year alone. 

The private sector is doing fine. Where we're seeing weaknesses in our economy have to do with state and local government. Oftentimes cuts initiated by, you know, Governors or mayors who are not getting the kind of help that they have in the past from the federal government and who don't have the same kind of flexibility as the federal government in dealing with fewer revenues coming in. 

And so, you know, if Republicans want to be helpful, if they really want to move forward and put people back to work, what they should be thinking about is how do we help state and local governments and how do we help the construction industry? Because the recipes that they're promoting are basically the kinds of policies that would add weakness to the -- to the economy, would result in further layoffs, would not provide relief in the housing market, and would result, I think most economists estimate, in lower growth and fewer jobs, not more.

The stammering, halting, tentative delivery of Obama strikes me as symptomatic of a whiskey priest who's dying for a drink right after saying Mass. He doesn't believe what he's saying but also doesn't have a clue as to how to move forward or address his failings. Yes, the private sector is doing fine, if by fine you mean pretty goddamned awful.

Video of the above exchange is here.

Nobody who's spent more than five seconds on this site will mistake Reason for a bunch of GOP apologists (Christ, we spend more time slapping around the idiot Boehners and McConnells of the political world precisely because they pretend to represent limited-government values that overlap with actual libertarianism). But Obama here is making the Republicans look good. That will last until they open their own traps.

How might GOP legislators help state and local governments? I dunno know, maybe by not saddling those jurisdictions with massive unfunded liabilities and partly funded liabilities (Medicaid, ObamaCare)? If Obama's stimulus - packed with more "shovel-ready" construction jobs than a Snickers bar is with peanuts - didn't jumpstart the building trades (and it didn't), maybe it's best to give that a rest.

And let's raise a slightly different question: If Obama is pushing for more federal spending ("the kind of help that they have [got] in the past from the federal government"), then why the hell is his campaign touting the discredited chart "proving" that Obama is a skinflint when it comes to spending?:

The truth is, the President's supposed "spending binge" is nothing but a myth, repeatedly debunked by independent fact checkers. Federal spending growth has actually been slower under President Obama than under any other president since Dwight Eisenhower.

That claim - and especially claims made by the Obama campaign that "independent" fact-checkers verified it - rated three out of a possible four Pinocchios from the Washington Post.

But which is it, President Obama? Is the public sector ailing because you're a cheapskate who hasn't spend enough or because the GOP (whose role in making 21st century governance as near a total clusterfuck as can be imagined) is keeping too tight a grip on the purse strings?

Related reading: Is Austerity to blame for Europe's economic woes?

Failed States: After a long spending binge, governors go begging for a handout. It won't be their last.

Get serious about governing, Democrats.

Related viewing: "I have no confidence in this gasket....The washer fluid is NOT fine!"

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  • Ben the Duck||

    Why is The Chosen One nuzzling Valerie Jarrett's ear like that...?

  • SIV||

    Reason is nothing but a bunch Koch-sucking Right-Wing shills these days.

  • freeAgent||

    Does that mean you agree with the President that the private sector is doing fine?

  • SIV||

    The only thing I agree with the president on is lifting the federal horse slaughter ban.

  • Pi Guy||

    We prefer to be referred to as The Fighting Koch Whores, thank you very much.

    HT: Radley Balko's Fantasy Football Team

  • Pro Libertate||

    It's so weird. I keep having this optical illusion that the economy is moribund and not growing much at all. I need to go see my doctor. "Doc, why can't I see the glorious boomtimes we're in?"

  • WTF||

    "Doc, why can't I see the glorious boomtimes we're in?"

    Because you are not wearing these.

  • Pro Libertate||

    "Grandma, why didn't you rise up in rebellion when that bad man was helping to finish off the country?"

  • Pi Guy||

    "Because he made sure my Medicare checks kept coming."

  • Ska||

    Is this one of those posts where a simple LOL is an appropriate, on-topic comment?

  • ||

    LOL

  • Sudden||

    LOL, that makes a lot of sense, dude, when you think about it.

    www.anonbotlikeprivacylikewartylikepenis.tk

  • sarcasmic||

    I gotta get me a pair of those boxers!

  • Ben the Duck||

  • sarcasmic||

    Q: Know why Raggedy Anne got kicked out of the toy box?

    A: She kept sitting on Pinocchio's face and yelling "Lie to me baby! Lie to me!"

  • Ben the Duck||

    "A breathless Piglet informed him that Pooh had gotten himself wedged into Rabbit's hole again, so Christopher Robin came quickly."

  • Pi Guy||

    Egads, man!

  • Skid Marx||

  • sarcasmic||

    Only if you're using its intestines to hang yourself.

  • John||

    Interesting how Reason always has the put the "the Republicans are just as bad" caveat at least five times in any post criticizing Democrats but never feel the need to do the same in posts criticizing Republicans.

  • ||

    How bored you must be to find that interesting.

  • John||

    It is a Friday afternoon and if you had the project I am working on, you would stab your eyes out Oedipus style.

  • Ska||

    That's what desk bourbon is for.

    No, actually that might be fatal in this instance... ;)

  • ||

    Oh it's Friday afternoon and I'm doing document review for production. It'll hard to top that.

  • Skid Marx||

    Hope your document review skills are better than your comment review skills.

  • ||

    What exactly did I review incorrectly? We're both bored out of our minds.

  • Skid Marx||

    "It'll hard to top that."

  • ||

    Oh lol reviewing my own comments. Yeah I tend not to do that at all.

  • Sudden||

    It's Friday morning and I'm watching the Euros as I work and about to post spoilers to ruin Apatheist's day in

    3....

    2....

    1....

  • BakedPenguin||

    Spain looks to score late, as the EU has almost finalized a bailout. Note: this will probably be an own-goal.

  • ||

    I fucking hate discovery about as much as I hate TSA anal probes. I'm now on Hour 100 of reviewing, sorting, and labeling documents. For a completely bullshit case. Fuck you lawyers, fuck you legal system! Oh yeah, and you too, John.

  • sarcasmic||

    I've been waiting on a single insert statement to complete for a hour now.
    Of course I'm normalizing two tables, so it's going to take a bit. But I can't do anything until it's done.

    *yawn*

  • Brett L||

    Just how many indexss do you have on these tables?

  • sarcasmic||

    Aw crap. I was trying to remember what the resident Oracle guru told me yesterday, and he's not in today.

  • sarcasmic||

    That is to put the indexes on after the insert.
    Oh well.

  • Brett L||

    Next time, you'll remember.

  • NoTalentAssclown||

    I think it may be beacuse lately, the Democrats have been bad on just about everything.

    If Reason had a post criticizing Republicans, say on, civil liberties, drug legalization, war-mongering... nothing to praise the Democrats on there.

  • Killazontherun||

    God knows the Jacket deserves some love for putting up with us, but he has some annoying ticks.

    I've always found it to weaken an argument if you are constantly referencing 'on the other hand . . .' Just concentrate on the person or group you have on the skewers at the present time, and remember to roast the other guy down the road when it is appropriate.

    The other annoying tick is the 'why are they all talking about x [followed by three paragraphs on x]? That just stinks.'

    If you are above it, don't mention it.

  • John||

    He protests a bit much doesn't he? It is like he is desperately afraid that someone might question his beltway street creed. It doesn't help him at all.

    Just make your point. It is not like there are not plenty of opportunities to slam on Republicans.

  • Killazontherun||

    BTW, of all the Seinfeld clips, this is the one most appropriate for almost any occasion, or anytime T o n y posts to the board.

    http://www.youtube.com/watch?v=LjEce17BY8A

  • ant1sthenes||

    Maybe the appeasement is necessary because Democrats are more likely to think of libertarians as right-wing than Republicans are to think of libertarians as left-wing; and that's before considering that Reason is funded by the progressives' hated foe, the super Koch bros.

  • Drake||

    The wife and I are both in the private sector as our most of our friends. The private sector economy is in the toilet and nobody I know things recovery is just around the corner. This suck is going to last a lot longer - 5 years at least if Obama is re-elected.

  • Concerned Citizen||

    I graduated high school in 1981, and those last couple of years in H.S., during the Carter regime, were depressing. Especially Carter telling Americans to accept a lower standard of living. Obama should just use the same size stimulus that Reagan used. That seemed to work.

  • Drake||

    I prefer the Harding / Coolidge stimulus plan.

  • Concerned Citizen||

    Me too, but I was going from personal memory. BTW, weren't we all killed in Reagan's nuclear war?

  • Killazontherun||

    Not all of us. Some of us were cryogenically frozen, linked by mind to keep each other company, but unfortunately we are all stuck in each others personal phobic idea of Hell for four or eight years at a time.

  • Pro Libertate||

    Don't you all live under giant domes? I do.

  • Killazontherun||

    :( I bought into the wrong post-apocalyptic plan. I'm inside a paranoid right wingers dream right now. A black socialist president and not a salt shaker any where to be seen in Manhattan.

  • Killazontherun||

    Not that I can even get to New York because there are overlaps from the last dreamer's hellhole nightmare. Some guy at the airport is always trying to prod my asshole searching for a fictive device called a weapon of mass destruction, so I don't even bother to fly anymore.

  • Killazontherun||

    Not that I can even get to New York because there are overlaps from the last dreamer's hellhole nightmare. Some guy at the airport is always trying to prod my asshole searching for a fictive device called a weapon of mass destruction, so I don't even bother to fly anymore.

  • Ben the Duck||

    Some guy at the airport is always trying to prod my asshole

    Now, that's just not fair. I paid for dinner, after all.

  • Killazontherun||

    I have no problem being molested by a good looking person, but you have to see these blobs from our nightmares.

  • Pro Libertate||

    It's all togas and post-scarcity here. Of course, they lie to us about the condition of the outside world, but that's okay. We have VR.

  • Killazontherun||

    I bet you can even lounge around and rub one out without anyone giving a shit there. There is such an all foreboding sense of shame permeating everything, I can't even fantasize about my ex-girlfriend JJ without guys perving in on that action. Never go group mind, dude. Never.

  • JW||

    Don't you all live under giant domes? I do.

    Same here! Do have those blinky red lights in your palm like we do?

  • Pro Libertate||

    No. What's that about?

  • JW||

    They said I'll find out in a couple days on my 30th birthday. All I know is that it'll be a big party!

  • ant1sthenes||

    Count yourself lucky. I got stuck in a Bioshock-style Rand deconstruction/homage, such that I get a society increasing dominated by Randian villains as it collapses from within, but without any Randian heroes to offer a glimmer of hope.

  • SIV||

    Depressing? The drinking age was 16 and good weed was $30-100 an ounce!

  • SIV||

    18

  • Concerned Citizen||

    Thanks for the perspective. Concert tickets were under $10, you could smoke your $40/oz weed openly at these concerts, drinking age was 18, AIDS wasn't yet here, drum machines hadn't been invented, so you heard real musicians at these smoky concerts. Good times...

  • John||

    They must have been, ugly clothes and all.

  • Concerned Citizen||

    Ugly, yes, but the tight jeans on my high school classmates? Priceless.

  • R C Dean||

    Obama should just use the same size stimulus that Reagan used.

    Well, most of what Reagan did for the economy was to strip special deals out of the tax code, and lower the top rates.

    No way in hell does Obama do that.

  • TycheSD||

    I think the message is that most of the jobs created have been in the private sector. In fact, most of the job losses under Obama have been in the public sector, which is counter-intuitive, and not the message coming from the GOP. So, Obama's statement may have sounded out of touch to some but it also reinforces the Obama message that the private sector is creating jobs.

  • Drake||

    The message is so out of touch it reinforces the notion that he is full of shit - either a complete ignoramus or a liar, both most likely.

  • TycheSD||

    Well, why AREN'T the "job creators" creating enough jobs? They have had the Bush tax cuts for years now. Where are the jobs? And, how is government policy interfering with job creation?

  • Citizen Nothing||

    'Cause the money vaults aren't full yet. Amirite?

  • Concerned Citizen||

    You are, according to my lefty friends. That's the nice thing about Facebook - it's exposed so many people to be total idiots.

  • Killazontherun||

    Lol! That almost perfectly mimics the hysterics you'll find on Kos. Well done!

  • TycheSD||

    Nothing funny about it. Republicans keep insisting that "job creators" need more tax breaks, but they're not creating jobs. Sounds like continuing to do the same thing when you're not getting results is pretty insane.

  • Killazontherun||

    Oh, so you really are a simpleton. Nevermind.

  • mr simple||

    Wow, I don't know that I've ever seen someone go on as much with less idea what they were talking about. Your knowledge on the subject is actually in the negative.

  • RPR2||

    the hiring will begin when Obamacare is repealed or overruled and regulations are relaxed.

    the firings will increase if that doesn't happen.

  • ant1sthenes||

    Job creators don't need tax breaks, they just need capital. Hierarchy of needs suggests that the wealthier people get, the more of their income they can spare for reinvestment rather than consumption (though cultural values matter here, and at any rate a consumption tax would be more to-the-point).

    But access to capital doesn't matter if regulations raise the cost of labor beyond what it can bring to the bottom line. Obamacare is the biggest problem in that regard.

  • gaijin||

    Well, why AREN'T the "job creators" creating enough jobs? They have had the Bush tax cuts for years now.

    I believe the proper administration response to this type of argument would be 'You can;t imagine how bad it would have been without the tax cuts.'

  • TycheSD||

    Well, it would have been interesting to see how John McCain and Sarah Palin would have handled things. We probably would have been at war with Iran that first year.

  • Drake||

    Or Libya.

  • TycheSD||

    There was no U.S. war in Libya. That was a NATO affair, and was supported by the Arab League and run by our European allies. Plus, it was quick and decisive and wasn't during Obama's first year in office.

  • John||

    There is no war in Libya, just a bunch of US planes and special forces people killing people for months.

    I am the resident war monger around here and I even I can't defend that shit. There was a war in Libya and it was never authorized by Congress and was thus illegal.

  • TycheSD||

    I'm not defending any wars, but probably most Americans don't even remember what happened. It was over pretty quickly. I would almost guarantee that most Americans prefer the Obama foreign policy to the Bush one. Romney's foreign policy team is Bush x2 - actually more like Cheney x2.

  • Auscifer||

    No US war in Libya you say? Oh right, that was NATO's war, the organization funded primarily by the U.S. Also, US special forces, US Marines, US warships, US surveillance, and US aircraft were all involved but they don't count because... um... well I'll get back to you on that.

    Hey that looks like fun, let me try another one!

    As long as the Kochs give to a super PAC, they can legitimately claim to have no involvement in the political campaigns receiving PAC funds. "There was no Koch money involved, that was all NATO-PAC"

    Clever.

  • ||

    Don't forget those non-soldier military "advisers" in Uganda!

  • John||

    You can tell yourself that. But there is no evidence of that. No way would a Republican President have gotten away with going to war without Congress. And no way would a Democratic Congress said okay to a war with Iran.

    The but McCain would have gotten us into a war is gold plated stupid that people tell themselves to get over the guilt of voting for a village idiot for President.

  • TycheSD||

    I have no regrets or guilt about voting for Obama. I'm not crazy about Obama's priorities over the past three years, but I absolutely can't stand Republican priorities and hypocrisy.

  • R C Dean||

    I have no regrets or guilt about voting for Obama.

    Tyche, you wouldn't happen to be a redhead, would you?

  • John||

    If we would have elected McCain we would have gotten something horrible like the President assassinating a US citizen and his son, an illegal war in Libya, a huge increase in eves dropping, and military commissions in GUTMO.

    If you like Obama, just exactly why did you hate Bush? The wars? The deficits? The civil rights violations? Obama has been nothing but another Bush administration with a failed heath care program, a failed stimulus, and an insane energy policy.

  • TycheSD||

    I have been a Ron Paul supporter up to this point. Obama is no Ron Paul, but neither is Romney - far from it.

    I don't approve of what Obama has done. He's certainly disappointing on a number of fronts. But, in my view, he is better than the alternative. If we turn the Presidency over to Republicans, and they have majorities in Congress, we might as well roll over and die because that's what our country will do.

  • ||

    RON PAUL IS A REPUBLICAN

  • Citizen Nothing||

    That's just crazy talk!

  • Drake||

    Shhhh... That's supposed to be a secret.

  • TycheSD||

    There aren't enough Ron Pauls in the Republican Party to have an impact. Even his son is a disappointment.

  • Ben the Duck||

    I have no regrets or guilt about voting for Obama [...] Even [Rand Paul] is a disappointment.

    I imagine the feeling must be mutual.

  • Red Rocks Rockin||

    If we turn the Presidency over to Republicans, and they have majorities in Congress, we might as well roll over and die because that's what our country will do.

    Just like it did in 1921-23, correct?

  • Citizen Nothing||

    Game over, man!! (Tyche, you didn't happen to appear on CNN recently, did you?)

  • Cavpitalist||

    "I have no regrets or guilt about voting for Obama. I'm not crazy about Obama's priorities over the past three years, but I absolutely can't stand Republican priorities and hypocrisy."

    Being all respectful and shit, but...how old are you?

  • Joe R.||

    You think you aren't being prepped for war with Iran right now? Doesn't matter who wins.

  • TycheSD||

    In fact, it's likely that McCain/Palin would have increased military spending as a form of stimulus. "An effective stimulus based on government spending would have looked like the plan advocated by Martin Feldstein, which would have increased government purchases of military equipment and hardware." http://www.economics21.org/com.....XE.twitter

  • Drake||

    Oh no! They would have had a failed stimulus? Where would we be then?

  • mr simple||

    You're not going to find many people on here defending McCain/Palin. If you liked Paul, why don't you support Gary Johnson? We may not agree on everything, but he'll take your vote.

  • TycheSD||

    I likely will vote for Gary Johnson, but I live in California. If I lived in Ohio, I would vote for Obama.

  • TycheSD||

    There will be austerity no matter who is elected in November. Would you rather have those austerity decisions made by a Republican president and a Republican majority Congress, or a Democratic president and a Congress dominated by strongly ideological Republicans.

  • JW||

    There will be austerity no matter who is elected in November.

    Pull the other one now.

  • R C Dean||

    No, he's right about that. Our current government spending is unsustainable. Period. Full stop.

    So there will be austerity. The only questions are when, and whether its by design.

  • JW||

    I'm not convinced that there will be any until the whole thing falls apart. Even then, it won't matter who's in charge, because the entitlement drones and the military fetishists will be out in droves, demanding their cut.

    Our leaders are moral cowards and will do anything to keep all the plates up in the air, except what they should do, which is slash every department and program with furious vengeance and cut taxes to the bone.

    Nothing but complete economic collapse and cleansing fire will make any real difference.

  • Emmerson Biggins||

    Because they are racist, and they can't stand to have a black president. Obviously. Weren't you at the meeting?

    Chris Matthews actually says this.

  • Citizen Nothing||

    Matthews is right. There's no way a black man could ever become president.

  • Bobarian||

    Well, in Matthews defense, Obama is only half black and only about half a president.

  • Red Rocks Rockin||

    Well, why AREN'T the "job creators" creating enough jobs?

    What would POSSIBLY be their motivation for doing so? Sheer patriotism? Or is it simply because they don't need to hire a dozen third-tier trash clerks to do a job that can be done by a computer and 1-2 people?

    And Obama's response here is sheer hilarity. If the private sector is recovering, as he claims, while state and local governments are bleeding workforces, doesn't that beg the question as to the necessity of hiring more government workers to strengthen the economy?

  • TycheSD||

    I think the belief is that when the private sector is not creating enough jobs, something has to happen to goose demand. If Americans don't have enough money to buy things, or they're saving instead of spending, then how is the private sector going to be in a position to hire more people?

  • Red Rocks Rockin||

    I think the belief is that when the private sector is not creating enough jobs, something has to happen to goose demand.

    We're already running $1.2-1.5 trillion deficits. Federal healthcare spending is rising at an 8-9% annual clip. There's no demand to goose--in fact, there needs to be economic contraction.

    If Americans don't have enough money to buy things, or they're saving instead of spending, then how is the private sector going to be in a position to hire more people?

    Where exactly are the jobs going to come from? What industries are going to hire enough people to bring the labor participation rates back up to even the Bush-era recession troughs? Where is the demand going to come from? Perhaps the country needs to divorce itself from the shopping mall economic model you're proposing and try something different.

  • Pi Guy||

    Yes, that is the belief.

    If I understand your point correctly, you're suggesting that, if only the government would just hire everyone, there'd be money to spend on stuff in the marketplace?

  • R C Dean||

    Well, why AREN'T the "job creators" creating enough jobs?

    Because the next job they create will cost them money, not make them money.

    That wasn't so hard now, was it?

  • TycheSD||

    Right. So how is the economy going to grow, or unemployment going to go down, if companies aren't hiring and people aren't spending?

  • R C Dean||

    Right.

    Glad we got that cleared up.

    So how is the economy going to grow, or unemployment going to go down, if companies aren't hiring and people aren't spending?

    Good question. Apparently, by printing money, hiring more pubsecs, and paying more welfare.

    Or, you could put a stop to the debasement of the currency, to the cannibalization of capital markets by deficit spending, to the fraud and subsidy of the TBTF banks. Also, you might cut the money diverted from productive activity by cutting taxes and repealing regulations. Finally, you might look into motivating people to be productive by cutting government support for people who aren't.

  • Mo' $parky||

    Ooh ooh, I know I know. We FORCE them to hire and spend! Yeah, that should work like a charm.

    Wait, I just got a better idea. Let's take money from the people who have it and give it to the people who don't. Those people with no money are SURE to start spending as soon as they get their grubby hands on some cash.

    Oh man, I just thought of a great way to get people without jobs to be more marketable in the workforce. Let's get them to go to college and rack up piles of debt earning a useless degree. That way they can demand more money when they finally do go job hunting.

  • RPR2||

    Tyche why aren't you creating jobs and hiring if it's so easy and such a great tax and regulatory environment for it?

  • ||

    I think the message is that most of the jobs created have been in the private sector.

    What about created and saved?

    Most of the jobs lost were in the private sector.

    When it is all added together public sector jobs have increased and private sector jobs are still in a huge multimillion jobs loss hole.

  • NoTalentAssclown||

    The spin that I've already seen coming out of this from the Left seems to be... "Well, the big corporations are doing just fine, fat cat billionaires, the Kochs, oil profits..." Which even if that were true, still doesn't hide the fact that he still chose his words poorly, and this could still be an epic gaffe that deserves to be pounced on.

  • John||

    Just imagine if Bush I had said that in 1992? They would have murdered him for it. And Obama would give Michelle's left nut to have the economy now that we had during the worse of the 92 recession.

  • Scarcity||

    No way! The recession-that-barely-was was The Worst Economy in 50 Years (TM)!

  • Brett L||

    My state employed friends bitch about not having a pay raise in 5 or 6 years. Motherfuckers, I took an 8% salary cut to stay employed, and never got that back. Kiss my ass.

  • Sudden||

    I'm still making about 10% less than I was in 2006-7 myself. I'm looking for a raise later this month though to hopefully put me back above that level. My company is churning along well with record low interest rates and monetization of the debt.

  • Loki||

    I took an ~25% paycut last year to stay employed, and I have a 60 mile commute from home to work. I'd love to find work that's closer to home and better paying, but no one seems to be hiring.

    But that's all just anecdotal/ bad luck on my part. The private sector's "doing fine". Black Jesus said it so it must be true.

  • Romulus Augustus||

    I guess he would rather waste his time lying about the economy than dealing with what Doonesbury has been noting all week: that 3 1/2 years into his adminsitration, Obama hasn't dealt with the rapes and sexual harassments that female soldiers must endure at the price of career advancement.
    Talk about a war on women! But I guess this is Boosh's fault too.

  • John||

    Don't even get me started on that. That whole due process beyond a reasonable doubt for criminal defendants is just a bitch.

  • ||

  • Number 2||

    So this fool Obama utters the Whopper of the century by declaring that the private sector is "doing just fine," and what does CBS News report? "Obama calls out Republicans for lack of action on jobs."

  • Killazontherun||

    It's no good, MSM. No use trying to pry his hands from that anchor. He is determined to go down with the ship. Save yourselves.

  • John||

    That is okay. They can't cover it up. Drudge sees to that. And they hate it. I loved this bit of whine from Mark Helprin.

    Another danger for the President: the media freak show. Stalking that circus' center ring is Matt Drudge, whose caustic website continues to help drive the news cycle with an emphasis on negative, mocking items about Obama and Vice President Joe Biden and their wives. The latest sign of Drudge's potency: Ed Klein, the author of the virulently anti-Obama book The Amateur, was barred from major TV appearances and mostly ignored by the mainstream media, but the book's prominence on Drudge's website propelled it to the No. 1 slot on the New York Times nonfiction list.

    http://www.time.com/time/magaz.....-1,00.html

    Mark your tears are yummy.

  • mr simple||

    Drudge is not an approved gatekeeper of information for the proles! It is dangerous and irresponsible to let them know things aren't going as well as planned!

    These people would be funny if there weren't so many idiots that lapped that shit up.

  • ||

    I don't seem to remember these assholes capitalizing the word "President" so much during previous administrations. Am I going crazy, or remembering incorrectly?

  • John||

    I have never noticed. But I can guarantee you that they never had a problem embarrassing the President or his family. Remember the glee over the Bush twins getting caught (gasp) drinking in college?

  • NoVAHockey||

    I remember the Post running a story during Obama's transition and it quoted a bunch of journalists debating what to call Obama and whether or not to stand when he entered the room. apparently it was the most pressing issue in Dec. 2008

  • John||

    The weeks just before and just after the inauguration were just fucking gross. It frankly scared the hell out of me. It left no doubt in my mind everyone of those bastards would go Nazi and start putting people ovens if they ever were given the opportunity. The call came and they all got in line and goose stepped off into the brave new world.

  • NoVAHockey||

    I made a point to get out of town during inauguration. The wife and I were drunk in Jamaica on 1/20/09. thought about renting out the condo at an exorbitant price, but didn't want them having victory-sex in my house.

  • John||

    I had to work for it. Thank God is was so bitterly cold or those losers would have destroyed the city. I am really worried about the next one. If the winter is mild and Romney wins, every freak in the world is going to show up to protest.

  • ||

    I was here but I was most definitely holed up in Alexandria. I don't think I left the house even to go to 7-11.

  • Joe R.||

    There wasn't a memo from the Office Of The President Elect that covered this?

  • Stormy Dragon||

    Corporate profits are at an all time high and continue to grow strongly despite the economy. In what sense is the private sector not doing fine?

    The labor market sucks, but then the purpose of the private sector isn't to create jobs just for jobs sake.

  • John||

    Median income is now lower than it was in 2000. The real unemployment rate is over 16%. GNP growth is lowest for this point in the business cycle in living memory.

  • Stormy Dragon||

    All of which, while important to individual workers, have nothing to do with how well the businesses themselves are doing.

  • John||

    It has everything to do with how the business are doing. GNP is how large the pie is. If it isn't growing businesses can't grow. It becomes a zero sum game. And if income isn't rising, demand doesn't rise.

  • Stormy Dragon||

    So businesses are making more money than ever on less production, and this is somehow a bad thing?

  • John||

    Some businesses are making more money. If there were a lot of businesses making more money the GDP would be showing it.

  • Emmerson Biggins||

    No that's not the bad part. The bad part is what John mentioned before:

    Median income is now lower than it was in 2000. The real unemployment rate is over 16%. GNP growth is lowest for this point in the business cycle in living memory.

    dumbass.

    your intention to lay some rhetorical trap isn't clever. It's pointless, obvious, and stupid.

  • Stormy Dragon||

    So basically, we should be rating companies on whether or not they make jobs rather than how profitable they are, corporate profits are getting excessive since they're not being more productive and are just stealing from competitors, and it's unfair that wages are stagnant when profits are going up.

    This is typical of the partisan rot infecting the Republicans today. All that matters is proving Obama wrong today, even if they have to start pulling out stale liberal talking points to do so.

  • Auscifer||

    Which specific companies are you referring to Stormy?

  • Stormy Dragon||

  • Auscifer||

    Thanks for the graph.

    But can you name a few companies as an example? Graph only shows profits broken down by sector.

  • Stormy Dragon||

    Nathan's Famous

    I'm don't understand what the purposes of this exercise is. Anyone can go into google and look up a long list of random companies that reported increased earnings for last quarter; I'm not sure exactly what that proves that a chart showing that aggregate profits increased doesn't.

  • Killazontherun||

    The left can't read balance sheets. There is so much in the way of non liquidated liabilities out there anyone who thinks this is a good business environment is a Goddamned tool.

  • R C Dean||

    Corporate profits are at an all time high and continue to grow strongly despite the economy.

    Yet the market is flat for the year, and down 10% from its high. Somebody sure doesn't like the outlook.

  • Red Rocks Rockin||

    They're waiting for Bernanke to announce QE7 or whatever iteration the next round is.

  • Pi Guy||

    QE3 is expected to make use of the BernankeCopter™. Does QE7 involve just printing your own dough on your HP printer at home? Because that would be a lot simpler.

  • ant1sthenes||

    So, if we were to talk about the public sector doing fine, we'd be referring to government profits?

  • fried wylie||

    Where we're seeing weaknesses in our economy have to do with state and local government.

    He's so close, and yet so far.

  • Gladstone||

  • Killazontherun||

    Easily the biggest prez gaff since Ford said Poland wasn't occupied.

  • Killazontherun||

    And the reason for that is it is something that doesn't have to be spelled out. Those few words are all the explanation necessary; whereas, defending it leads to convoluted diatribes like the few on display above.

    The average voter is wondering where Obama's head is at. They see, 'The private sector is doing fine.' and they know exactly where his head is at. Straight up his own ass.

  • John||

    No one tell Stormey.

  • ||

    Holy shit.

    UPDATE: We described Klein as an opinion columnist because he is listed that way on The Washington Post Web site. He objects to that description. “I’d say what we do is reported/researched analysis,” he wrote in an e-mail. “These distinctions all get a bit weird and muddy, but whatever the right term for me is, it’s not opinion columnist.”

    Ezra Klein is an idiot.

  • Gladstone||

    "Ezra Klein is an idiot"

    In other words the sky is blue.
    PS: How do you do italics?

  • John||

    Gladstone

    Put a I without the spaces to start the italics and then a / I to end the italics.

  • John||

    Sorry

    around the Is

  • John||

    My God what a smug douche bag. How hasn't Klein choked to death from the smell of his own farts?

  • Gladstone||

    The only way what Obama says makes any sense is he thinks that the private sector is a minor part of the economy.

  • Gladstone||

    So what Obama is really saying is that the economy sucks because there are not government employees.

  • Gladstone||

    [I]test[/I]

  • Gladstone||

    Itest/I

  • Gladstone||

    [i] test [/i]

  • Gladstone||

    itest/i

  • R C Dean||

    Poor Gladstone. Try this:

    http://www.yourhtmlsource.com/.....glist.html

    Scroll down for basic bold, italics, etc. Around these parts, we use the i for italics (not the em) and the b for bold (not the strong).

  • Gladstone||

    Oh, so this site uses chevrons instead of square brackets. Thanks!

  • Gladstone||

    test

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