Fox News Kick Obama in the 'Nads - The Orange Mane

ghwk · 01-20-2009, 10:22 AM

Ah yes Fox continues to spread the hope and optimism

http://foxforum.blogs.foxnews.com/20...ma_depression/

January 20th, 2009 5:29 AM Eastern
Hey, America, Take a Chill Pill
By Liz Peek
Financial Columnist

Whoa there America– take a deep breath. As impressed as we all are with the significance of this moment — we are about to inaugurate the first African American President of the United States -- it is possible that our collective giddiness will lead to the worst kind of disappointment. President-elect Barack Obama is being breathlessly compared to FDR, JFK, Abraham Lincoln and George Washington. So far — he has won an election.

Even Obama is hyperventilating. In Sunday’s speech, he said “I stand here today as hopeful as ever that the United States will endure.” Endure? Did he think the country might actually go out of business? Merge with France? Sell out to Wal-Mart? That we might decide that Citigroup was too frail, Iraq too complex and our waistlines too bulging to carry on? What did he mean?

My message is not that we are without challenges, Mr. Obama. It is that this country has overcome much, much harsher times than these.

For sure, we are in a nasty recession. It is not unprecedented. The downturn in the 1970s, complete with soaring inflation and sky-high interest rates, makes this one seem benign. The media, though, has portrayed today’s slide in the harshest possible light, scaring Americans to death and most definitely making matters worse. That’s what sells newspapers, and attracts viewers.

Take the reports on unemployment. The press emphasizes the 11.1 million Americans out of work, which is indeed higher than it has ever been (and lamentable). At the same time, the number of Americans — that is, the population — is also at an all-time high. The percentage of workers unemployed, which has traditionally been the way we looked at the jobs picture, is nowhere near a record level.

At the height of the Great Depression, unemployment was 25% of the workforce. Today it is 7.2%, compared to 10.8% in 1982, for instance. Unemployment will doubtless increase, but it is not at crisis levels.

This is not the Great Depression. Moreover, there is no reason that this recession should approach that terrible time in our history. It is hardly ever mentioned that during the 1930s the nation, still an agrarian country by and large, suffered a terrible drought, causing massive failures of farms across the land. That act of nature, combined with wrong-headed tax, monetary and tariff decisions, caused the economy to wither.

Today, we have boosted the money supply and placed government backstops behind the financial system, avoiding systemic meltdown. Other nations around the world have done the same, providing liquidity and mutually beneficial supports to demand. At the same time, the price of oil has plummeted, comforting consumers.

We are certainly not out of the woods. However, we must not use this economic downturn as an excuse to usher in an era of enduring Big Government. The current malaise is the strongest argument possible against allowing politicians to steer the economy. This recession began with a collapse in the subprime mortgage market, which had been inflated by Congress’ insistence that low-income Americans be welcomed into the ranks of happy homeowners. That well-intentioned but uneconomic notion brought down Fannie Mae and Freddie Mac — institutions caught trying to serve shareholders and social engineers. And yes, greedy Wall Streeters compounded the problem.

My message is not that we are without challenges, Mr. Obama. It is that this country has overcome much, much harsher times than these. Go take a look at the videos of the Kent State shootings, or the race riots in Watts, or the assassination of JFK. Consider the Vietnam war - a conflict that in terms of alienation, anger and, sadly, body count, dwarfs our incursion into Iraq. We have been in darker times than these. You are, possibly, too young to remember.

The United States is energetic, ambitious, open-hearted, fair-minded and resourceful. It is bigger than me and, with all due respect, bigger than you, Mr. Obama. This country will not only endure, I am sure it will prosper, by allowing individuals like you to pursue their dreams. Oh, and good luck, Mr. President. We are all rooting for you.
----------------------------

Here are my favorites:

"Consider the Vietnam war - a conflict that in terms of alienation, anger and, sadly, body count, dwarfs our incursion into Iraq. We have been in darker times than these. You are, possibly, too young to remember."

"This country will not only endure, I am sure it will prosper, by allowing individuals like you to pursue their dreams."

WTF?? People like YOU?? Hmm, I wonder what she meant by that...

"Oh, and good luck, Mr. President. We are all rooting for you."

, yeah I can tell she is really behind that statement. What a whiny b**ch. Reminds me of the playground bully that when he doesn't gets his way picks up his ball and snivvels his way home.

Smiling Assassin27 · 01-20-2009, 10:47 AM

Selective amnesia is a wonderful thing.

gunns · 01-20-2009, 10:47 AM

Quote:

scaring Americans to death and most definitely making matters worse.

Didn't scare me to death, just represented one of the challenges we have. And if you want to talk about attempts to scare the American public to death, see the last administration. It was their mantra.

Quote:

Take the reports on unemployment. The press emphasizes the 11.1 million Americans out of work, which is indeed higher than it has ever been (and lamentable). At the same time, the number of Americans — that is, the population — is also at an all-time high. The percentage of workers unemployed, which has traditionally been the way we looked at the jobs picture, is nowhere near a record level.

Sweety, that 11.1 are the one's that are countable, it does not include the ones that are still unemployed and have fallen off the radar. Then she talks about the population being greater to prove her point yet states the unemployment rates in 1930's and 1982 being greater. Well your point of the population being greater now strikes down those rates back then also. And unemployment isn't at crisis level? Ok, as you sit at your job.

Quote:

Consider the Vietnam war - a conflict that in terms of alienation, anger and, sadly, body count, dwarfs our incursion into Iraq. We have been in darker times than these. You are, possibly, too young to remember."

The Iraq war has actually brought this nation together. It's one of the reasons the Republicans are no longer in office. The difference between the Vietnam war and the Iraq war is we didn't have the PR back then to know what went on behing the scenes. We did with the Iraq war and saw our government lies. A larger body count does not dwarf the Iraq war in comparison. One death in bogus wars make them comparable in regards to harsh times.

Quote:

The United States is energetic, ambitious, open-hearted, fair-minded and resourceful. It is bigger than me and, with all due respect, bigger than you, Mr. Obama. This country will not only endure, I am sure it will prosper, by allowing individuals like you to pursue their dreams. Oh, and good luck, Mr. President. We are all rooting for you.

I think this is exactly what he stated. Seems to me Mr. Obama has pursued his dreams quite well. We can tell you are rooting for him.

Fedaykin · 01-20-2009, 10:55 AM

"My message is not that we are without challenges, Mr. Obama. It is that this country has overcome much, much harsher times than these."

.. which is exactly the message that Obama laid out in his speech.

The idiot that wrote this apparently either has a very selective memory, or didn't bother actually listening to the whole speech (or more likely is just a partisan hack trying to sell advertisements).

Bronco Bob · 01-20-2009, 07:04 PM

Quote:

Originally Posted by Fedaykin

"My message is not that we are without challenges, Mr. Obama. It is that this country has overcome much, much harsher times than these."

.. which is exactly the message that Obama laid out in his speech.

The idiot that wrote this apparently either has a very selective memory, or didn't bother actually listening to the whole speech (or more likely is just a partisan hack trying to sell advertisements).

Most definitely. It is Fox News, after all.

01-20-2009, 10:22 AM	#1
ghwk Ring of Famer DOOM BOOM! Join Date: Jul 2008 Posts: 3,835 Adopt-a-Bronco: Von Doomacus	Fox News Kick Obama in the 'Nads Ah yes Fox continues to spread the hope and optimism http://foxforum.blogs.foxnews.com/20...ma_depression/ January 20th, 2009 5:29 AM Eastern Hey, America, Take a Chill Pill By Liz Peek Financial Columnist Whoa there America– take a deep breath. As impressed as we all are with the significance of this moment — we are about to inaugurate the first African American President of the United States -- it is possible that our collective giddiness will lead to the worst kind of disappointment. President-elect Barack Obama is being breathlessly compared to FDR, JFK, Abraham Lincoln and George Washington. So far — he has won an election. Even Obama is hyperventilating. In Sunday’s speech, he said “I stand here today as hopeful as ever that the United States will endure.” Endure? Did he think the country might actually go out of business? Merge with France? Sell out to Wal-Mart? That we might decide that Citigroup was too frail, Iraq too complex and our waistlines too bulging to carry on? What did he mean? My message is not that we are without challenges, Mr. Obama. It is that this country has overcome much, much harsher times than these. For sure, we are in a nasty recession. It is not unprecedented. The downturn in the 1970s, complete with soaring inflation and sky-high interest rates, makes this one seem benign. The media, though, has portrayed today’s slide in the harshest possible light, scaring Americans to death and most definitely making matters worse. That’s what sells newspapers, and attracts viewers. Take the reports on unemployment. The press emphasizes the 11.1 million Americans out of work, which is indeed higher than it has ever been (and lamentable). At the same time, the number of Americans — that is, the population — is also at an all-time high. The percentage of workers unemployed, which has traditionally been the way we looked at the jobs picture, is nowhere near a record level. At the height of the Great Depression, unemployment was 25% of the workforce. Today it is 7.2%, compared to 10.8% in 1982, for instance. Unemployment will doubtless increase, but it is not at crisis levels. This is not the Great Depression. Moreover, there is no reason that this recession should approach that terrible time in our history. It is hardly ever mentioned that during the 1930s the nation, still an agrarian country by and large, suffered a terrible drought, causing massive failures of farms across the land. That act of nature, combined with wrong-headed tax, monetary and tariff decisions, caused the economy to wither. Today, we have boosted the money supply and placed government backstops behind the financial system, avoiding systemic meltdown. Other nations around the world have done the same, providing liquidity and mutually beneficial supports to demand. At the same time, the price of oil has plummeted, comforting consumers. We are certainly not out of the woods. However, we must not use this economic downturn as an excuse to usher in an era of enduring Big Government. The current malaise is the strongest argument possible against allowing politicians to steer the economy. This recession began with a collapse in the subprime mortgage market, which had been inflated by Congress’ insistence that low-income Americans be welcomed into the ranks of happy homeowners. That well-intentioned but uneconomic notion brought down Fannie Mae and Freddie Mac — institutions caught trying to serve shareholders and social engineers. And yes, greedy Wall Streeters compounded the problem. My message is not that we are without challenges, Mr. Obama. It is that this country has overcome much, much harsher times than these. Go take a look at the videos of the Kent State shootings, or the race riots in Watts, or the assassination of JFK. Consider the Vietnam war - a conflict that in terms of alienation, anger and, sadly, body count, dwarfs our incursion into Iraq. We have been in darker times than these. You are, possibly, too young to remember. The United States is energetic, ambitious, open-hearted, fair-minded and resourceful. It is bigger than me and, with all due respect, bigger than you, Mr. Obama. This country will not only endure, I am sure it will prosper, by allowing individuals like you to pursue their dreams. Oh, and good luck, Mr. President. We are all rooting for you. ---------------------------- Here are my favorites: "Consider the Vietnam war - a conflict that in terms of alienation, anger and, sadly, body count, dwarfs our incursion into Iraq. We have been in darker times than these. You are, possibly, too young to remember." "This country will not only endure, I am sure it will prosper, by allowing individuals like you to pursue their dreams." WTF?? People like YOU?? Hmm, I wonder what she meant by that... "Oh, and good luck, Mr. President. We are all rooting for you." , yeah I can tell she is really behind that statement. What a whiny b**ch. Reminds me of the playground bully that when he doesn't gets his way picks up his ball and snivvels his way home.

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01-20-2009, 10:47 AM	#2
Smiling Assassin27 STOP! KIPER TIME! Join Date: Dec 2002 Location: In a van down by the river Posts: 10,955 Adopt-a-Bronco: Von Miller	Selective amnesia is a wonderful thing.

01-20-2009, 10:55 AM	#4
Fedaykin Ring of Famer Join Date: Nov 2006 Posts: 3,790 Adopt-a-Bronco: None	"My message is not that we are without challenges, Mr. Obama. It is that this country has overcome much, much harsher times than these." .. which is exactly the message that Obama laid out in his speech. The idiot that wrote this apparently either has a very selective memory, or didn't bother actually listening to the whole speech (or more likely is just a partisan hack trying to sell advertisements).