View Full Version : Obama creates his own luck

08-16-2011, 08:20 PM
Good read considering how weak Obama appears making excuses for his failed policy.
next he'll blame the rain or perhaps El Nino!!! ;D

Obama Creates His Own Luck

Today in Iowa, Barack Obama proved once and for all that he does not understand how the economy works:

At a town hall meeting on his campaign-style tour of the Midwest, President Obama claimed that his economic program “reversed the recession” until recovery was frustrated by events overseas. And then, Obama said, with the economy in an increasingly precarious position, the recovery suffered another blow when Republicans pressed the White House for federal spending cuts in exchange for an increase in the national debt limit, resulting in a deal Obama called a “debacle.”

“We had reversed the recession, avoided a depression, gotten the economy moving again,” Obama told a crowd in Decorah, Iowa. “But over the last six months we’ve had a run of bad luck.” Obama listed three events overseas — the Arab Spring uprisings, the tsunami in Japan, and the European debt crises — which set the economy back.

08-16-2011, 08:59 PM
he has had bad luck

you think those things are his fault?

08-17-2011, 07:17 PM
he has had bad luck

you think those things are his fault?

Its all his fault from 2008 going forward. The Bush recession ended in 2009, that's a well documented fact.

Obama voted against banking reform in 2005, in 2002 dems blocked banking reform for the first time. Both of which lead to the banking failure so Obama and Dems Obstructed banking reform. You people really need to research Obama and the dems.

ObamaPedia is the site for you. Read up and enjoy.