Mitt Romney Mocks Barack Obama’s Latest Ridiculous Comments on the Economy with “It Worked” Ad … It Did Not Work, Latest GDP 1.5%
IT DID NOT FORK, IT EPICALLY FAILED!!!
Mitt Romney slams Barack Obama on his latest laughable and ridiculous statement that his polices have “worked” in the following political ad. As posted at Mitt Romney.com, the GOP presidential candidate questions how “it could have worked” if the unemployment rate has been above 8% for 41 straight months, if millions of Americans are on food stamps and millions of Americans are struggling to make ends meet. How could it possibly have worked?
The toughest question was whether he could say that no one in the White A few nights ago at a fundraiser, President Obama proudly proclaimed that his economic plan had “worked.”
Tell that to the millions of Americans now on food stamps.
Tell that to the millions of Americans struggling to make ends meet.
No Mr. President, it did not work.
The Gateway Pundit has the full text to the ad.
Barack, it worked? How about that anemic 1.5% GDP? It is obvious the economy is headed in the wrong direction. Exactly how is Obama going to raise taxes in the face of an economy going backwards? Barack Obama, it not only did not worked, it epically failed!!!
Gross domestic product expanded at a 1.5 percent annual rate between April and June, the weakest pace of growth since the third quarter of 2011, the Commerce Department said on Friday. Consensus estimates forecast growth at a 1.3 percent pace.
First-quarter growth was revised up to a 2.0 percent pace from the previously reported 1.9 percent. Output for the fourth quarter was raised to a 4.1 percent rate from 3.0 percent.
U.S. economic growth cooled in the first quarter as businesses cut back on investment and restocked shelves at a moderate pace, but stronger demand for automobiles softened the blow.
Gross domestic product expanded at a 2.2 percent annual rate, the Commerce Department said on Friday in its advance estimate, moderating from the fourth quarter’s 3 percent rate.
While that was below economists’ expectations for a 2.5 percent pace, a surge in consumer spending took some of the sting from the report. However, growth was still stronger than analysts’ predictions early in the quarter for an expansion below 1.5 percent.
Obamanomics has provided us the final pathetic GDP of 2011 … 1.7%.
More disappointing economic numbers under Obamanomics. Not only was the 2.8% 4th quarter GDP under the expected 3%. Also, personal consumption growth of 2.0% were below expectations of 2.4%. The GDP price index only grew by 0.4%, well below expectations of 1.9%.
That’s the final, pathetic growth number for 2011.
From the just-released GDP report:
Real GDP increased 1.7 percent in 2011 (that is, from the 2010 annual level to the 2011 annual level), compared with an increase of 3.0 percent in 2010.
Check out the main reason as to why the GDP tanked. Funny how government spending has a way of artificially making things look better than they really are. However, eventually the government spending runs dry. As stated at Wizbang, blame it on
Rio government spending.
It says that all of the things you associate with positive economic developments (exports, consumer spending, et al) rose. And this is good. However, the second half of that sentence tells you all you need to know to discuss our economic woes directly and in plain English: Those gains were offset primarily by… wait for it…
•Local Government Spending
•State Government Spending
•Federal Government Spending
Are you joking, these are hardly the economic numbers that one gives 4 more years to an incumbent President. 1.7% GDP for 2011. That is down nearly half from 2010′s 3.0% GDP. During all this Obama has the nerve to tell us that the economy is getting better. However, in Obama in Wonderland where us is down and left is right, Obama will tell the American people that all is good. The fact of the matter is, the Obama recovery is a disaster.
Obamanonics vs. Reaganomics: One a Complete Failure, the Other a Resounding Success … “It was the best of times, it was the worst of times”
Call it a Tale of Two Presidencies, Obamanonics vs. Reaganomics.
You make the call which is which, it should not be too difficult to determine Obama from Reagan. Democrats and the MSM like to call Obama “Reaganesque;” however, any common sense thinking person knows Obama is “Carteresque”. The talking points of the LEFT is that Obama inherited a bad economy and they have constantly used that as an excuse. Flashback to Ronald Reagan, who inherited a worse economy from Jimmy Carter and turned it around. No one heard excused from President Reagan, they got results instead.
Ronald Reagan, Barack Obama – the two should never be mentioned in the same sentence
“It was the best of times [Reagan], it was the worst of times [Obama], it was the age of wisdom [Reagan], it was the age of foolishness [Obama], it was the epoch of belief [Reagan], it was the epoch of incredulity [Obama], it was the season of Light [Reagan], it was the season of Darkness [Obama], it was the spring of hope [Reagan], it was the winter of despair [Obama], we had everything before us [Reagan], we had nothing before us [Obama], we were all going direct to Heaven [Reagan], we were all going direct the other way [Obama] …
Democrats like to compare Barack Obama to former President Ronald Reagan, but do they really? Not after reading the Wallstreet Journal’s latest article spelling out the failed accomplishments of Obamanomics and the success of Reaganomics. No honest and thinking person could ever compare the two Presidents, the manner in which they went going about fixing a terrible economy and the results of their policies. The key words here were “honest” and “thinking”. The MSM seems to have amnesia when they compare Obama and Reagan forgetting the fact that “The Great Communicators” policies
The two presidents have a lot in common. Both inherited an American economy in collapse. And both applied daring, expensive remedies. Mr. Reagan passed the biggest tax cut ever, combined with an agenda of deregulation, monetary restraint and spending controls. Mr. Obama, of course, has given us a $1 trillion spending stimulus.
By the end of the summer of Reagan’s third year in office, the economy was soaring. The GDP growth rate was 5% and racing toward 7%, even 8% growth. In 1983 and ’84 output was growing so fast the biggest worry was that the economy would “overheat.” In the summer of 2011 we have an economy limping along at barely 1% growth and by some indications headed toward a “double-dip” recession. By the end of Reagan’s first term, it was Morning in America. Today there is gloomy talk of America in its twilight.
My purpose here is not more Reagan idolatry, but to point out an incontrovertible truth: One program for recovery worked, and the other hasn’t.
Posted August 29, 2011 by Scared Monkeys
Barack Obama, Budget Deficits, Economy, Energy, GDP, Government, Hope and Change, Jobs, Lost in Smallness, Media Bias, Misery Index, Nanny State - Big Government, National Debt, Obamacare, Obamanation, Obamanomics, Out of Control Spending, Ronald Wilson Reagan, Unemployment | 16 comments
Former Secretary of State Colin Powell Says “I haven’t decided who I’m going to vote for” in 2012 Presidential Election
This morning on CBS’s ‘Face the Nation’, Former Secretary of State Colin Powell stated that he had not “decided who he was going to vote for” in the 2012 Presidential election. It appears that Colin Powell has lost that Obama Luvin’ Feeling.After having crossed party lines and voting for Obama in 2008, Powell said that he was not necessarily going to support Obama for reelection in 2012. Really Colin? What was your first inkling to think this?
Discussion starts at the 7:15 mark of the above VIDEO
Former Secretary of State Colin Powell, who famously crossed party lines to vote for President Obama in 2008, said today that he’s not necessarily supporting the president for reelection in 2012.
“I haven’t decided who I’m going to vote for,” Powell said on CBS’ “Face the Nation.” “Just as was the case in 2008, I am going to watch the campaign unfold. In the course of my life I have voted for Democrats, I have voted for Republicans, I have changed from one four-year cycle to another.
Powell stated that there are plenty of interesting Republican candidates and that he will take a look; however, did not commit nor state who he thought was the front runner. The question that should have been asked of Powell and for obvious reasons was not by CBS was … in the past Mr. Powell you praised Barack Obama’s leadership style in 2008 in endorsing him and stated that before the election that Obama “has a definite way of doing business that will serve us well.” Do you still stand by those comments?