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Monday, June 9, 2014

Obamanomics

(with a hat tip to THE ASTUTE BLOGGERS)

The graphic tells the sorry tale:


Reliapundit has more (from the Washington Post):
The American economy is less entrepreneurial now than at any point in the last three decades. That's the conclusion of a new study out from the Brookings Institution, which looks at the rates of new business creation and destruction since 1978.

Not only that, but during the most recent three years of the study -- 2009, 2010 and 2011 -- businesses were collapsing faster than they were being formed, a first.
You can see data about your state HERE.

Additional reading: Q1 GDP revised downward to -1.0%.

Our nation's economy is in a death spiral.

56 comments:

  1. I'm not sure what Obama has to do with this.

    I'm not surprised, though. This is what happens when too much of the wealth is concentrated at the top. Innovation is stifled.

    JMJ

    ReplyDelete
    Replies
    1. No, this is what happens when you tax the productive class to the point of emaciation. This is what happens when you steal from the productive to give a free ride to the unproductive, through minimum wage laws, through-the-roof energy prices that result from carbon-hating Bolsheviks, and massive regulations on businesses.

      Delete
    2. The productive class? Who's that, Stogie? Who's emaciated? Who's being taxed to such a point?

      Not a very honest arguer, huh?

      JMJ

      Delete
  2. All trends in the American economy started with Obama, Jersey.

    ReplyDelete
    Replies
    1. No they didn't, but Obama has made it far worse. He is an incompetent ideologue who hasn't a clue how an economy works.

      Delete
    2. This comment has been removed by the author.

      Delete
    3. Stogie, he has merely carried on the process of corporate deregulation started by Reagan and advanced by Clinton/Bush. Did you expect he wasn't going to kneel and fellate Robert Rubin?

      Just what has he done that is any different than what's happened the last four decades?
      Don't say deficit spending after the Raygun/Bush fiascoes.


      Delete
    4. Stogie apparently just chimes in once in a while with an idiotic blanket statement and never even attempts to back it up.

      JMJ

      Delete
  3. Do all the causes of our ailing economy today stem from the Obama administration and its policies. Of course not.

    But this is happening on Obama's watch.

    ReplyDelete
    Replies
    1. It will only be on obama's watch when it is in the news that there is a problem. After all he never knows anything until he sees it on the news.

      This situation will turn around after all the people who quit their jobs because they were unhappy and now have obamacare start new businesses, wasn't that what Jay Comedy said.

      Delete
  4. Everything going as planned. I am waiting to hear a so called "Five year plan"

    ReplyDelete

  5. Obams can’t get through one week without another scandal and we see and hear these leftist idiots comparing obama’s “F” ups with Ronald Reagan’s Iran–Contra affair in 1984! Is this the best they got?
    And these two leftist creeps Jersey McJones & Grung_e_Gene are two of Obama’s biggest cheerleaders, right or wromng, and 99 percent wrong. By the way what kind of name is Grung_e_Gene anyway? Nuttier than a fruit cake? Yep!

    ReplyDelete
    Replies
    1. Well, that certainly explains how Obama causes this economic stagnation! Thank God there's Tony A Gramps out there to explain things!

      JMJ

      Delete
    2. Glad I can help, I can see that you need some help..

      As most of you people who support Bergdahl do...Sorta like the IRS and Benghazi. affair.

      Delete
    3. Obama does cause economic stagnation. His refusal to build the pipeline, his coal-killing policies, among other things. Obama inherited a terrible economy from his own party, the purveyors of home loans for everyone (or we'll sue) regardless of credit worthiness and the bubble that resulted. Then he took that bad economy and made it worse.

      Delete
    4. @stogie --- the purveyors of home loans for everyone (or we'll sue) regardless of credit worthiness
      ------
      What an unmitigated pantload.
      Did the Dems have anything to do with Ameriquest and Countrywide? Unregulated brokers who were facilitated by Allen Greenspan's fed?

      Are you one of those who believe that the Community Reinvestment Act which covered regulated lenders caused so many bad loans to be made that there wasn't sufficient liquidity to absorb them? If you do, you're one of the few. It's only a meme with the Teabags who apparently didn't follow the formation of the bubble.

      Were the Dems responsible for Wall Street writing trillions in mortgage derivatives that were essentially bets that the housing market would continue to constantly rise?

      Did mortgage defaults under the CRA constitute a large enough volume that they brought down the American investment banking system as well as many of the world's banking systems?
      Do you really believe that?

      Yeah, build the Keystone and that will fix everything. Never mind that best analysis indicates it will cause a rise in domestic gasoline prices. Your completely superficial remarks on the housing bubble indicate you really have the handle on this.

      Please stop.

      Delete
    5. Stogie makes things up, too. I worked a little in real estate before the collapse. Specifically, I Was tracking down transferred mortgages. Anyone who believes these lenders were pressured to make bad paper is a liar, or completely ignorant of the facts and thus deluded. I'm assuming Stogie is deluded.

      JMJ

      Delete
  6. It is difficult to capitalize business starts; starting a business, and keeping it beyond five years is, as an American standard, unusual. It has been thus for a very long time (as indicated by the chart) and none of the information projected is very surprising. Whenever government policy restricts economic growth, then we should expect the percentage of failed businesses to increase. This suggests that elections do have consequences ...

    ReplyDelete
  7. " during the most recent three years of the study -- 2009, 2010 and 2011 -- businesses were collapsing faster than they were being formed"

    Well, that part of the study should come as no big surprise!

    ReplyDelete
  8. I hope all his supporters are happy now. And lets not forget that this asshole Bunghole left his base camp of his own free-will and joined enemy forces who were out to kill American troops. He was NOT a POW, he was a DERSERTER.
    The creep left weapon and walked off and went AWOL
    I hope that someone at his homecoming parade (if he ever gets one) jumps up and yells "ALLAH AKBAR"! Like his dumbass Father did.
    As a former infantry combat vet I can assure you the opinion of 99.9999999% of other combat arms service members is they want this guy to fry, as I do. Because he broke military law.
    Because he did not adhere to his commitment
    Because his actions forced us to release 5 hardened criminals who were captured at the cost of American lives.
    Because he brought it upon himself.

    ReplyDelete
  9. Stogie,

    "Obama inherited a terrible economy from his own party, the purveyors of home loans for everyone (or we'll sue) regardless of credit worthiness and the bubble that resulted."

    SPOT-ON my friend! I find it astonishing that this obvious and true fact is ignored by so many.

    ReplyDelete
  10. This white house is despicable they start this swiftboating of the troops that spoke out against this deserter and .they smeared, slander, stomp on his troop mates who ...IT WAS VICIOUS

    and forward to today

    this Democrat/progressive party are just the nastiest ever, how you people stand by this is just shameful

    ReplyDelete
  11. is it so difficult to figure out that restrictions like those being imposed on businesses in the last five years or so have squelched business?? New business is scared to death; older businesses are holding their breaths.
    Obamacare, EPA restrictions....all have the best intentions; all should have gone slower....tested the waters, put people first.

    It's obviously so simple for those on the Left to scorn the Right as if, because we're worried about things that have happened since Obama's admin., we believe it's ALL HIM. "ya, you're just picking on Obama...typical"
    Actually, that's the best way to shut down further conversation, isn't it. sad.

    ReplyDelete
    Replies
    1. EPA regs killing energy production, causing a price rise.
      There's no answer that can excuse that.

      Delete
    2. Ed,
      The further grinding down of the middle class.

      The Left often complains about the transfer of wealth into fewer hands. The EPA regs on energy are doing that, but the Left continues to support further EPA regulations!

      Delete
  12. One yellow bellied traitor goes and deserts and six American soldiers get killed looking him! And then Bergdahls father the weasel who passed on his traitor genes to his son praises Allah! They should all be ashamed of themselves, including Obama who brokered this deal.
    It’s no wonder they call demoRats commies

    Thanks AOW.....

    ReplyDelete
  13. Let’s face it and let’s be clear, under any other normal circumstances regarding the countries with Obama and the anger over the exchange of five Taliban commanders for a crumby yellow bellied Army deserter, combined with the anger from last months Veterans Administration revelations, you might think that Obama would have been impeached or would resign by now. But as we know this was not the case.
    It was hard enough trying to keep up with the revelations of various scandals that have been the product of the Obama administration, but now into the second year of his second term, and the fact that Democrats, by their silence, give him consent to be a dictator. Republicans in congress, by their cowardice give him consent. Obama's reign has proved, in my opinion, beyond a shadow of a doubt, that we are through. Most under 30 haven't a clue as to the Constitution, it's original meaning, nor an appreciation for Freedom. He will never get congressional approval, not that he needs it as wéve seen, to do anything like this ever again... But just in case if he does proceed without it, I actually do believe, based on the unpopularity of this maneuver - that impeachment proceedings will ensue whether they will succeed or not and of course they will not. The same logic is applicable to Fast and Furious, Benghazi, the IRS conspiracy, the betrayal of Israel and his effort to facilitate the invasion of thousands of "undocumented democratic voters. The the Obama administration is playing this one very close to the chest, they even have Sergeant Bergdahl sequestered at a Military Hospital in Germany. No one from the media has spoken to or even seen Bergdahl. Apparently, not even his parents have spoken to the lousy traitor. But now he is putting our national security in danger with his lies, we were told that the deserter was in such bad condition that this deal had to be brokered at once or the creep would or might die. Now we find that Obama was lying again Sgt. Bergdahl Is Physically Sound, and not in bad shape at all. Go figure! I'm shocked! Shocked i tell you!

    Translation: We aren’t ready for the public to meet him because he doesn’t fit the official narrative......

    ReplyDelete
  14. Astonishing Stuff....we KNOW that he was "not in bad shape at all" now? I hadn't heard that but I am so not surprised. Still, I figured they'd find a doctor who'd go to bat for them. Remember, just the other day, Obama went a step further and said Bergdahl was near death.
    They say Bergdahl WILL NOT speak to his parents yet....that he's so traumatized that this is normal. Could be; I'm no expert on that, thankfully.
    I'll just say that were I to be confined for five years, the first two people I'd want to hear the voices of would be MY PARENTS.
    I agree with a lot of your comment...thanks.

    Stephanie, did you see the video of the Rose Garden thing when the dad spoke such amazingly fluid Arabic and Obama broke into that huge grin? I thought that was wild. Not implying much here...it was just odd.

    ReplyDelete
    Replies
    1. Unless, upon reflection, you realize your creepy father had politically/emotionally abused you to the point you ended up in the crap pile you found yourself.
      You might not want to talk to him then.

      Delete
    2. Z,
      when the dad spoke such amazingly fluid Arabic and Obama broke into that huge grin? I thought that was wild. Not implying much here...it was just odd.

      The smile looked nearly ecstatic, IMO. I've drawn my own conclusions but have not publicly posted my conclusions. Yet.

      Delete
    3. Ed,
      I'm leaning in that direction, too.

      Delete
    4. Duck,
      You didn't find his Arabic rather fluid for a fellow from Idaho?

      Delete
  15. "Let’s face it and let’s be clear, under any other normal circumstances regarding the countries with Obama and the anger over the exchange of five Taliban commanders for a crumby yellow bellied Army deserter, combined with the anger from last months Veterans Administration revelations, you might think that Obama would have been impeached or would resign by now. But as we know this was not the case."

    So true bro!

    ReplyDelete
  16. Oh, what a surprise! Think they might have been lunatic wingnuts believing the lies spewed by the right?
    Las Vegas ‘revolution’ shooters ID’d as right-wing conspiracy nuts with a deathwish

    ‪http://www.rawstory.com/.../las-vegas-shooters-idd-as.../‬

    ReplyDelete
    Replies
    1. Because they had don't read on me flags libtard? So, what you're saying then is lefties Like to be tread on. I always suspected. :)

      Delete

    2. Why aren't they being called terrorists?

      Will the concealed carry dude who got himself killed trying to shoot it out make the NRA news?

      Delete
  17. Unlike the libtards spewing their adolescent fantasies here, I actually know a lot of business owners. To the man/woman, they all say they would never try to start a business in this environment, and it is all obama.

    ReplyDelete
  18. AOW, PS - now that conservative blogs are just shutting out the libtards they all seem to be coagulating on the few blogs, like yours, that still allow their mental diseased brain vomit. Personally, (and this is Not a suggestion) I'd like to see them coraled/forced down to their leper colonies like dailykooks, where they can swim in their own muck for the duration. I think that'd be cool.

    ReplyDelete
    Replies
    1. Kid,
      I thought that certain locked-out individuals and groups might flood in here.

      I do have a backup site: a Wordpress site which I reserved a long time time ago.

      At this point, however, I am not planning to move. Aside from the hassle, certain displays of spew do serve a purpose, that of showing my students what the Left really is.

      Delete
    2. well the good thing is that YOU don't monitor comments before you allow them like the Witch of the left does. What is she afraid of, that someone may write something that she disagrees with?

      Delete
  19. I note the negative trend lines started years ago, and the steep drop off that started in 2006-2007 under Bush II. Also the slight uptick in 2011. So naturally it is the result
    of ObamaNomics.

    Conviently Ignore facts, discount all other data, and create the illusion desired. Folks, it isn't that simple, it started long before Obama, and while he hasn't turned things around the slide has stopped.

    I'll be interested to review data 8 years hence.

    ReplyDelete
    Replies
    1. Economic downturns take a while to kick in, RN.

      I think this one started when the equity bubble broke at the end of Clintoon's term and excess capital went into the housing market.

      Your mileage may vary but it's certain that none of this started with Obama.

      Delete
    2. RN,
      it started long before Obama, and while he hasn't turned things around the slide has stopped.

      I'll be interested to review data 8 years hence.


      Yes, the data should be interesting.

      We should keep in mind that healthcare premiums are now approaching and, for some exceeding, 30% of personal income. Will put a major dent in individuals' "stimulating" the economy.

      Another factor: the Boomers are no longer driving the economy. For decades, the Boomers did drive the economy.

      Our aging population and our welfare population are other major factors.

      Further government regulation is completing the death spiral of what used to be "a free economy."

      Delete
  20. "it started long before Obama,"

    Indeed, the "Community Reinvestment Act" started by Carter, and was buttressed by Clinton, then solidified by Chris Dodd and Barney 'Fag" all started before Obama. All Obama has done is drive us into about 70% more debt than we already had, as he and others actually think we've "saved" the Economy. Just wait to see what happens. I hope I'm not around.

    ReplyDelete
    Replies
    1. Jon,
      I have a real-estate-agent friend who warned early on that the housing market was going to tank. "Those down payments are too low, and people are buying what they really cannot afford. In a few years, they take out all the equity and go further into debt!" she said several times over at least a decade.

      Delete
    2. True enough but that has nothing to do with the CRA.

      It's more a study in irrational failed markets and an argument for regulation.

      Delete
  21. Harry Reid Calls Cliven Bundy Supporters "Domestic Terrorists"
    What a schmuck, I wonder what we should call the Bowe Bergdahl supporters ?

    Nothing new here. It's just what leftist scum say all the time.
    There's some very disturbing about these people.

    ReplyDelete
  22. And isn’t this kind of funny how this scandal takes the focus off of the VA scandal? Six soldiers killed while searching for a deserter, verses 40 Veterans dying while waiting to see a doctor!
    Wow, what a choice.

    ReplyDelete
  23. New York Times:
    Thanks to president Obama, our border that is making us look like a banana republic. Tens of thousands of children — a literal Children’s Crusade — have flooded across our borders in the last few months. The government expects 60,000 illegal kids this year and double that next year. We are told most are between the ages of 15 and 17 with teenage girls bringing their illegitimate kids with them.

    The government can’t take care of them all. There literally is no place to put them, so they are shipping hundreds of them by the day to Arizona and dumping them in warehouses and, in some cases, on the streets. There is one city alone that has over 47,000 of these illegal kids swarming around like flies on Horse manure. And they will be allowing their parents in as well shortly.

    Since Memorial Day alone, federal immigration officials have flown hundreds of women and children to Tucson, where they were given medical and other tests. They were then sent by bus to Phoenix and left at the Greyhound station to find their relatives around the nation. They were told to report to an immigration center within 15 days of reaching their destination, officials said.

    Immigration advocates have criticized the federal government for stranding the women and children in extreme heat with no money or food. Volunteers have stepped in to help them reach their families.

    Obama the Liar and his progressive fascist followers want to destroy or fundamentally change our country. Unrestricted illegal immigration is one of their tools to achieve that goal. They don't care what problems it causes. Achieving their ideological goal is the only thing they care about. I simply don't understand why they become our problem and why we are suddenly obligated to feed, clothe and house them, and, probably render medical and even legal assistance to them, give them food-stames, schooling and the list goes on and on. And I just can’t wait until these “kid’s” start drinking and driving and selling drugs....

    ReplyDelete

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