November 28, 2010

"Laser-Like Focus" = College-Style Bull Session
— Geoff

Many have complained that the President's prioritization of jobs as his #1 concern still didn't manage to bump it ahead of health care, energy, the environment, immigration, and stumping for his party's candidates. But occasionally, probably on a day when the weather's too sucky for golfing, the President actually sits down for a substantive discussion about the economy. So what happens when you bring Obama's "laser-like focus" together with his team of theoreticians?

Not very much.

The day before his party's shellacking in this month's elections, President Obama sat down with his economic team to examine the single most important issue for voters across the country: jobs.

But the question on the agenda was not how to accelerate the recovery or target job creation to the depressed Rust Belt. It wasn't even the challenge of how to persuade corporations to spend their cash piles on investments and jobs — although both have been extensively debated for many months. The president had called the meeting to grapple with what he and his propeller-head economists have been debating for some time: the wonkish question of whether today's high unemployment rate is structural or cyclical.

Yes, folks, when Obama tells you that he's going to bring his mighty intellect to bear on jobs, this is what he means. He's going to hang out with his Ivory Tower pals and have a BS session on economic matters arcane.

ObamaEconTeamSmall.gif

This speaks to his unfocused leadership, amateurish recruiting (I know!! I'll get real smart people from universities & government!!), unfamiliarity with business, and lack of sensitivity to the imperative and profound employment needs of the American people.

Get your act together, Mr. President. Do it now.

Posted by: Geoff at 08:33 AM | Comments (84)
Post contains 290 words, total size 2 kb.

1 I love you, man.  Eat the unemployment numbers!

Posted by: Barack Obasketball at November 28, 2010 08:36 AM (zgZzy)

2
look at 'em

buncha college faculty dunces

Posted by: Professor Soothsayer at November 28, 2010 08:40 AM (Vt1Ze)

3 Jobs are only a by-product of rewarding your friends. When you start stealing money from others and giving it to Obama, like the unions do, you might, MIGHT, see some employment. Until then, wither and die, MOFOs.

Posted by: 141Driver at November 28, 2010 08:41 AM (DXa7u)

4

I've never seen the movie, but if you have, does Barack Obama parallel Will Smith's character in Six Degrees of Separation?

From what I've read it is pretty much the Barack Obama Story.

Posted by: AmishDude at November 28, 2010 08:41 AM (BvBKY)

5 This house has been torn down by a crane with a wrecking ball on the end of the line.

Is it structural or cyclical?

How about "Stop hitting the houses with the God-damned wrecking ball, you assholes?!?!"

Posted by: Merovign, Strong on His Mountain at November 28, 2010 08:41 AM (bxiXv)

6 I won.

Posted by: Barack at November 28, 2010 08:42 AM (IXbZ9)

7 6 I won.

Posted by: Barack at November 28, 2010 01:42 PM (IXbZ9)

I lost

Posted by: America at November 28, 2010 08:42 AM (IXbZ9)

8

You call it a "bull session" implying that it's held in the lounge at midnight.  I assure you that this sort of thing gets course credit in the humanities and social sciences. 

This sort of pseudointellectual tripe, speculation without evidence and pontificating by people who are impressed by their own intellect is de regeur for the modern American academy.

Posted by: AmishDude at November 28, 2010 08:44 AM (BvBKY)

9 Car, ditch, slurpee, foreclosure, not my problem.

Posted by: Barry O, super-genius at November 28, 2010 08:44 AM (DXa7u)

10 It depends how the word laser was used in the context of the conversation and it could have been a transitive verb, that is going around lately.

Posted by: Bill Is Clinton at November 28, 2010 08:45 AM (LwLqV)

11

Oh damn.  I just saw a banner ad that says you can bid on a "private dinner" with Bill Clinton to "benefit" the "Clinton Foundation".

Besides the double entendre, I think Clinton is jealous at being the second-most egotistical and self-referential person to be president.

Posted by: AmishDude at November 28, 2010 08:46 AM (BvBKY)

12

One of these days, we'll return to that outdated notion that experience has real value.

Until then, with this group of idiots, we are well and truly boned. With sand in the lube.

And a pineapple, sideways.

Posted by: BackwardsBoy at November 28, 2010 08:47 AM (b6qrg)

13 I meant rigueur.  Spell-check has made me lazy.

Posted by: AmishDude at November 28, 2010 08:48 AM (BvBKY)

14 The fat chick on the left needs a salad.

Posted by: Barack Obumbles at November 28, 2010 08:48 AM (zgZzy)

15 Don't taze me bro!

Posted by: the economy at November 28, 2010 08:49 AM (S5YRY)

16

You'd think that Barack would recommend his own dieting regimen.

Smoking.

Posted by: AmishDude at November 28, 2010 08:50 AM (BvBKY)

17 There is no act to get together. It's form over substance; all sizzle, no steak. In summary, it isn't going to get any better, this is it.

Posted by: picturerock at November 28, 2010 08:51 AM (TWe/5)

18 I have been around these people my entire life, these frigging coffeehouse Marxists. . They have never accomplished sheiss but they've got the answers to everything. The only difference is that most of the ones I know, their lives are a complete shambles. Doesn't matter. They have lots of advice for you, and you damn well better take it, because this is serious stuff, you know. Serious!

Posted by: navybrat at November 28, 2010 08:52 AM (Q+uIe)

19 If today's high unemployment rate is structural then Obama has no chance of re-election without blaming Bush even more.

Posted by: Islamic Rage Boy at November 28, 2010 08:52 AM (tE8FB)

20 There's nothing wrong with having a discussion about the nature of the high unemployment levels, especially if you are trying to institute policies to alleviate that unemployment.  The problem for me is that they are doing this TWO FREAKING YEARS into his term.  In other words, he's admitting that they had no clue when they passed the stimulus bill what they hell they wanted to do.

Posted by: Alex at November 28, 2010 08:54 AM (yY28H)

21
There's nothing wrong with having a discussion about the nature of the high unemployment levels, especially if you are trying to institute policies to alleviate that unemployment.

That's kind of the point - they never got around to discussing policies. They never got around to discussing the practical aspects of job creation. They never got close to any sort of actionable conclusions. Instead, they indulged themselves in an academic discussion that, as you note, should have been resolved 2 years ago.

Posted by: geoff at November 28, 2010 08:58 AM (ibimn)

22 This is what happens when a president has no real-world experience from which to draw. All he's ever done is talk, mostly about bullshit political theory with fools who aren't smart enough to understand that every single form of Marxism, socialism and communism has failed spectacularly and has never, ever produced anything but misery and suffering.

Posted by: BackwardsBoy at November 28, 2010 08:59 AM (b6qrg)

23 "get his act together?"   There is no "Act" that is any better than a 6th grade musical.

He can't "get it together" because there's nothing there.  This is like Chance the Gardener getting the big head and starting to believe he can say something more than gibberish.  He does not have the ability.

This is an absolute, out of his depth idiot trying to pretend that he knows what he's doing, and he's surrounded himself with people who know even less than him.  The chances of anything worthwhile coming out of them are much less than zero.   (meaning any idea they have will be guaranteed to cause harm)

This is also why he and the Dem's are desperate for someone strong on the other side to oppose.  They define themselves only by what they are against - they have no idea what to do if someone else doesn't define the opposite for them.

Posted by: Tom Servo at November 28, 2010 09:01 AM (wk1nH)

24 The answer to the angel question has been long known...All of them.  And the answer to the employment question is to get out of the way (taxes and regulations get in the way... all of them) of business and let them hire people.  And its not the big guys that will do the hiring....its the little guys trying to become big guys.

Posted by: dmandmand at November 28, 2010 09:01 AM (WpVgB)

25 That Stimulus Bill was the one of the Crimes of the Century. Half of that money went god only knows where, most of it in to black holes of unaccountable temporary constructs that went toes up after they got the dough, and did not even attempt to do what they purported to do when they applied for the money. We have a foundation here in San Francisco that got 23 million and no one knows what the hell was done with it, all we know is that the money is gone. We got scammed, royally, and people need to be strung up (in effigy, of course) over this. The only problem is that the guilty parties are either awol or sitting in the White House.

Posted by: navybrat at November 28, 2010 09:01 AM (Q+uIe)

26

the unemployment rate was cyclical BEFORE Obamacare and all the other layers of beaucrap that now been passed. It would have been bad for a couple of years, but the economy would have recovered

Now..... the high unemployment rate has been built in.  There is a reason why Europe has such a higher unemployment rate than America, they have that socialist crap they have to pay for, why the hell would people take risks to start or grow their businesses.  Now America is subjected to it, my guess is it will take another year for the idiot media to figure this out. They won't speak with small biz owners like me and others, but this high unemployment rate is here to stay, it is now built into the system, it is now structural.

Like in a track race, they have shackled all the runners [companies] with all these weights [regulations, ObamaCare], the race starts and then the people in the beachers are surprised why every runner is running so slow and the number of runners entering the track is dwindling.

Posted by: johnc_recent_EX-dem at November 28, 2010 09:01 AM (ACkhT)

27 I'll go you one better, he isn't merely unfamiliar with business, he actively despises it and all forms of capitalism. To him the freedom that capitalism propagates is contrary to his life's philosophy.

Posted by: Unclefacts, Confuse A Cat, Ltd. at November 28, 2010 09:02 AM (eCAn3)

28 Quit complaining.  Things are great.  The bank will let you finance the lube.

Posted by: SurferDoc at November 28, 2010 09:03 AM (o3bYL)

29 Obama, the anti-American foreign president. Next time pay attention America, the free joke is on you.

Posted by: tarpon at November 28, 2010 09:03 AM (g0QB8)

30 If today's high unemployment rate is structural then Obama has no chance of re-election without blaming Bush even more. Therefore the conclusion will be "structural." Next week, the bull session topic is scheduled to be "The Fairway: Fescue or bluegrass?"

Posted by: George Orwell at November 28, 2010 09:04 AM (AZGON)

31 More and more, Osama Obama reminds me of Richard Nixon. IIRC, when he was under pressure to resign during the Watergate mess and impeachment resolutions were being prepared, he convened a cabinet meeting. Members of his administration wanted to discuss what to do about the leadership crisis, Nixon wanted to focus on the economy as if he actually had any power to do anything.

Of course Nixon actually had experience and some understanding of what made the world function, neither of which can be said about the Mohammedan Mouthpiece.

Still, it gives me hope that maybe, just maybe, it's SHTF time, and the only true course of action for the Traitor-in-Chief to follow will be resignation. He's got Nixon's paranoia, bunker mentality and lack of clarity down...now all he needs is to accept reality and see that he isn't capable of being president.

Posted by: MrScribbler at November 28, 2010 09:04 AM (Ulu3i)

32 Next week the president and his staff discuss: Does Auto-Tuning herald a step forward for music with tonal purity or is it a harbinger of a future with a paradox of souless mechanical art?  

Posted by: Minuteman at November 28, 2010 09:06 AM (502+o)

33 More and more, Osama Obama reminds me of Richard Nixon. Five gets you eleventy that he already talks to himself in the mirror.

Posted by: George Orwell at November 28, 2010 09:07 AM (AZGON)

34 Well, what was the answer they came up with? So we can move on to the next step.

Posted by: Minuteman at November 28, 2010 09:08 AM (502+o)

35 Obama is way too Narcissistic to accept responsibility and resign.  He will go to his grave saying the Public didn't get it, like Carter and Bush I.

Posted by: SurferDoc at November 28, 2010 09:08 AM (o3bYL)

36 20 There's nothing wrong with having a discussion about the nature of the high unemployment levels, especially if you are trying to institute policies to alleviate that unemployment.

Posted by: Alex at November 28, 2010 01:54 PM (yY28H)

I think it's pretty fucking obvious that they're trying to do no such thing, and they're never going to look away from the policies and actions that get us into this shit.

WTF is it with these idiots? I mean, seriously, why is there a learning disability that affects politics? How did nature come up with that? What's the survival advantage to being an ignorant dumbass who keeps doing things that don't work over and over and fucking over?!?!?!

Posted by: Merovign, Strong on His Mountain at November 28, 2010 09:09 AM (bxiXv)

37 It is no matter.  They can have all the discussions they want, but the fact is that their overall philosophy will never allow them to grasp or conclude what needs to be done.  They fundamentally believe that govt is the solution and govt creates private sector jobs.  So in the end, their policies or solutions will just cause more problems, more pain for Americans and American business.

Posted by: Guy Fawkes at November 28, 2010 09:10 AM (JcRgg)

38 One problem is that the only employment that these people think is legitimate is government sector. Everything else is "unregulated" and therefore you are a criminal if you engage in it.

Posted by: navybrat at November 28, 2010 09:11 AM (Q+uIe)

39
theory/application

This faculty-administration knows only theory. Because of their narrow ideology, they dismiss most theoretical knowledge and only adhere to the theories that advance social justice.

Posted by: Professor Soothsayer at November 28, 2010 09:11 AM (Vt1Ze)

40 There's nothing wrong with having a discussion about the nature of the high unemployment levels, especially if you are trying to institute policies to alleviate that unemployment. AH HAHAHAHAHAHAHA That just has to be some of the most deadpan humor I've ever read.

Posted by: George Orwell at November 28, 2010 09:12 AM (AZGON)

41 If the unemployment is structural then there is no solution, and if there is no solution, there's no problem.

Posted by: Barry the Great at November 28, 2010 09:13 AM (502+o)

42 15 Don't taze me bro!

Posted by: the economy at November 28, 2010 01:49 PM (S5YRY)


No need, you're already beaten down and unresponsive. We're saving the tazings for those who get uppity in the TSA lines.

Posted by: Unclefacts, Confuse A Cat, Ltd. at November 28, 2010 09:13 AM (eCAn3)

43

Given that this cretin is bent on destroying this country, having him "get [his] act together," is probably something you want to avoid.

Posted by: StrangernFiction at November 28, 2010 09:14 AM (9ZYFw)

44

If we needed any more evidence that The Vapid One® is clueless, amidst all this rhetoric about reviving manufacturing (which, as a former member of that class, I endorse wholeheartedly), notice that the one person whom he tapped to be our "manufacturing czar" is not someone with years of experience in the industry, he's a lawyer (and to all the lawyer Morons, I love each and every one of you like a brother or a sister).

I'd love to challenge Ron Bloom to a test to see who's better qualified for his position by challenging him to sharpen a common twist drill by hand.

I can do that. I will guarantee that he can't.

Now, ask yourself, if you were a small business owner, would you have someone in a position who wasn't qualified and knew absolutely nothing about it?

Posted by: BackwardsBoy at November 28, 2010 09:15 AM (b6qrg)

45 O/T: The Wikileaks bomb just hit.   Hillary authorized spying at the UN.  Documented and signed.  Oooops!

Posted by: SurferDoc at November 28, 2010 09:17 AM (o3bYL)

46 45 O/T: The Wikileaks bomb just hit.   Hillary authorized spying at the UN.  Documented and signed.  Oooops!

Posted by: SurferDoc at November 28, 2010 02:17 PM (o3bYL)


Wake me when we see the document authorizing an air strike on the UN.

Posted by: Unclefacts, Confuse A Cat, Ltd. at November 28, 2010 09:19 AM (eCAn3)

47

If you read that thing on the side bar about Obama even needing to control the diet of his staff, it mentions how one of the wikileaks founders says that wikileaks is an enemy of the United States.

Unfortunately so is the Administration.

Posted by: buzzion at November 28, 2010 09:20 AM (oVQFe)

48
Everyone here knows that Obama doesn't care about unemployment or 'fixing' health care or any of that shit. We all know his mission is to destroy the American system and rebuild it in leftist-fascist form.

Why doesn't Peggy Noonan see that?

Posted by: Professor Soothsayer at November 28, 2010 09:20 AM (Vt1Ze)

49 O/T: The Wikileaks bomb just hit. Hillary authorized spying at the UN. Documented and signed. Oooops! No, no no. That's different, because she's a woman. Or a Clinton. Or she wanted spying on them dirty Jooos. Or something. No biggie.

Posted by: average moonbat at November 28, 2010 09:20 AM (AZGON)

50 We'll have to call you Rip Van Winkle if that is what you are waiting for.

Posted by: SurferDoc at November 28, 2010 09:21 AM (o3bYL)

51 Wikipedia founder*

Posted by: buzzion at November 28, 2010 09:22 AM (oVQFe)

52 The early December topic for the Preznitspecial bull session will be "Mulligans: Is it time to make them official?"

Posted by: George Orwell at November 28, 2010 09:22 AM (AZGON)

53 One can not expect him or his advisers to know a damn thing about actual economics. They are all communists. Economists who are communists have never known anything about economics.

But low, he is having problems now because of outspoken oppposition by the "Republicans" or so says the esteemed commie panel on Face the Nation this morning.

Posted by: Vic at November 28, 2010 09:22 AM (e4sSD)

54 But low, he is having problems now because of outspoken oppposition by the "Republicans" or so says the esteemed commie panel on Face the Nation this morning.

Posted by: Vic at November 28, 2010 02:22 PM (e4sSD)


Which Republicans would those be? The ones who were a superminority without the power to stop a single piece of legislation, or the ones who haven't been sworn in yet?

Posted by: Unclefacts, Confuse A Cat, Ltd. at November 28, 2010 09:24 AM (eCAn3)

55 The ones who were a superminority without the power to stop a single piece of legislation, or the ones who haven't been sworn in yet?

LOL, the ones Bob Schieffer said were creating the worst grid lock in congress that he has seen in all of his years in Washington.

Posted by: Vic at November 28, 2010 09:29 AM (e4sSD)

56 54 But low, he is having problems now because of outspoken oppposition by the "Republicans" or so says the esteemed commie panel on Face the Nation this morning.

You know, as little as five years ago, I would have dismissed people using the "commie" word as idiots.  I'm still not comfortable with it, but fascocialists is pretty much what they are.

Posted by: ParisParamus at November 28, 2010 09:33 AM (gMzAL)

57 Bob Schieffer, I almost feel bad for that ancient brain addled fuck. Seeing your beloved "news" being taken over by the blogosphere and being completely powerless to do shit about it must send him into paroxysms of impotent rage on a nightly basis.

Posted by: Unclefacts, Confuse A Cat, Ltd. at November 28, 2010 09:34 AM (eCAn3)

58 Watching the Sunday talking head shows, or reading the latest coupon flyer in your junk mail. Both educate you equally. Actually, the coupon flyer keeps you abreast of bargains on crap. The Sunday shows just recycle old crap.

Posted by: George Orwell at November 28, 2010 09:35 AM (AZGON)

59
LOL, the ones Bob Schieffer said were creating the worst grid lock in congress that he has seen in all of his years in Washington.

Posted by: Vic at November 28, 2010 02:29 PM (e4sSD)

The gridlock in congress is caused by the locked up Kindles and we are going to subpoena every Republican on the board of Amazon to testify in special hearings, commencing upon the return to session of Congress.

Posted by: Henry Waxman at November 28, 2010 09:38 AM (7+pP9)

60 It wasn't even the challenge of how to persuade corporations to spend their cash piles on investments and jobs - although...

Well, it would help if the government wasn't trying to appropriate money from those cash piles via more and higher taxation...

Posted by: Blacque Jacques Shellacque at November 28, 2010 09:41 AM (jQy/O)

61 Bob Schieffer is a great argument for mandatory retirement.

Posted by: SurferDoc at November 28, 2010 09:42 AM (o3bYL)

62 You know, as little as five years ago, I would have dismissed people using the "commie" word as idiots.  I'm still not comfortable with it, but fascocialists is pretty much what they are.

This country went socialist in the 30s. In the 60s we got the EPA and they began destroying private property. With KELO we got the total elimination of private property with the ability of government to take it for any "public purpose".

So yes, advocates of these kinds of policies are, in fact, communists.

Posted by: Vic at November 28, 2010 09:42 AM (e4sSD)

63 In the 60s we got the EPA Nixon can rot in hell for that. For cheating against the Demotards, not so much.

Posted by: George Orwell at November 28, 2010 09:49 AM (AZGON)

64

The fact that the Obama administration is having a Cyclic vs. Systemic debate on the cause of the high unemployment proves two things:

1)  This confirms Christine "I Like Twinkies" Romer's account that the administration had expected the economy to bounce back by now regardless of any actions taken by the administration.

2)  Obama thinks he is just an innocent bystander and those pesky businesses won't hire anybody just to spite his awsomeness.  Oh...it is all Bush's fault.

Posted by: Retired Buckeye Cop at November 28, 2010 09:56 AM (S2+uh)

65
And remember when Obama said he was going to end the 'bubbles and bursts' in the economy.

He was telling us in no uncertain terms a) he is in control of the economy, and b) no more winners & losers; it's about fairness, i.e., socialism.



Posted by: Professor Soothsayer at November 28, 2010 10:03 AM (Vt1Ze)

66

Geoff, Geoff Geoff.

 

He's got top men on it.

 

Top. Men.

Posted by: Dave in Texas at November 28, 2010 10:43 AM (Wh0W+)

67 I think along with the majority of the people of Brattleboro that President Obama is doing a great job. Bush got us into this problem and a real leader like president obama will get us out. We must raise taxes, cut the DoD, and eliminate tax bennefits for all companies.  The rich should be taxed at 95% and everyone making over $75,000 should be considered rich. I made $17,900 dloars this year painting flowers and insects ( I am a free lance artist) and I send $50 a month to help president obama. He sent me a nice letter thanking me and others in Brattleboro for doing something good. What have any of you done lately to help the county ???

Posted by: Mary Clogginstien from Brattleboro, VT at November 28, 2010 10:55 AM (zVOB7)

68 Great points, Mary.  And don't forget lots of new EPA regulations to make sure any carbon-belching industries have to pay huge fines to produce.  That should create many jobs in the EPA.  

Posted by: A Concerned Conservative Christian at November 28, 2010 11:15 AM (sOtz/)

69 There's nothing wrong with having a discussion about the nature of the high unemployment levels, especially if you are trying to institute policies to alleviate that unemployment.  The problem for me is that they are doing this TWO FREAKING YEARS into his term.  In other words, he's admitting that they had no clue when they passed the stimulus bill what they hell they wanted to do.

This.

At the time, I was arguing that even if you were a Keynsian, the Stimulus being proposed was, "fucking retarded".


Posted by: Deety at November 28, 2010 11:18 AM (Jb3+B)

70 Eat the (shit) salad!

Posted by: King Barry I at November 28, 2010 11:34 AM (vdfwz)

71 Man, I can't wait for the revised edition of Sowell's, Intellectuals and Society.

I hear that there is a whole new chapter titled Cretinous Douchebags in the works.

Posted by: Deety at November 28, 2010 11:42 AM (Jb3+B)

72 Spend more money, B+rry.

Posted by: Bankster at November 28, 2010 11:50 AM (grzsD)

73 Listen, this is what we do to save America. Unemployment is too high? Then get the smartest people around, as determined by number of degrees and quality of university ranking of curse, and have them think about it. In no time the problem will be solved, Trust me. I love you man. Eat the salad.

Posted by: Barack Obama at November 28, 2010 11:54 AM (ceV/C)

74 After careful examination of the policies that have led to this economic downturn, I have concluded that it’s time for Americans to realize that governing is hard work, and that a president can’t just wave a magic wand and fix everything that George Bush did to create this mess.

Posted by: Ellie Light at November 28, 2010 12:46 PM (glsV4)

75

the wonkish question of whether today's high unemployment rate is structural or cyclical.

Hey, real man of genius, it was cyclical until the new policies of you and your pals Ben, Nancy and Harry made it structural.

Posted by: rockhead at November 28, 2010 01:04 PM (RykTt)

76 How many angels can dance on the head of a pin is a very important theological question. If angels are substantial, then only a finite number can do, if they are insubstantial, then the number is infinite. The question is an examination of the nature of the divine. (Dang Jesuits...making me think and all...)

Posted by: JamesT at November 28, 2010 01:18 PM (blYjC)

77 is it just me, or does Geithner look like a Christmas elf?

Posted by: CoolCzech at November 28, 2010 01:18 PM (tJjm/)

78 77 is it just me, or does Geithner look like a Christmas elf?

Posted by: CoolCzech at November 28, 2010 06:18 PM (tJjm/)

Worst   Christmas   Ever

Posted by: In Exile at November 28, 2010 01:56 PM (iv166)

79 James T: Angels are pure spirits. Does that make them substantial vel non?

Posted by: CMU VET at November 28, 2010 02:36 PM (1WvCy)

80 This hump has no clue.  When he's talking with his faculty friends, he's just passing gas.  (CO2 that is.)

Posted by: Comanche Voter at November 28, 2010 02:44 PM (3ESDJ)

81

WTF is it with these idiots? I mean, seriously, why is there a learning disability that affects politics? How did nature come up with that? What's the survival advantage to being an ignorant dumbass who keeps doing things that don't work over and over and fucking over?!?!?!

None of their [ostensible] insanity makes any sense until you realize that they are nihilists hell-bent on destroying America & the civilized world.

Then suddenly it all makes sense.

 

Posted by: Lindsey Grahamnesty licking Rahm Emanuel's salty shaven balls at November 28, 2010 03:30 PM (pfMMA)

82 Its obvious that Romer thought the unemployment was cyclical because she thought the stimulus would work rapidly and the unemployed would quickly get back to work. Its probably why she got shit-canned. I don't see how the implosion of construction, houses, and financial sectors could not be seen as structural. Are we going to cycle back to a housing boom, crazy wall street mortgage hijinks, and flipping condos? NO.

Posted by: sexypig at November 28, 2010 04:54 PM (ZGDGc)

83

Reminds me of a subordinate of Edison's who was given the task of calculating the volume of a spherical glass bulb.  Being a mathematician, he began calculating the volume from measuring it.  Edision passed by the next day, saw him working on sheets of equation, grabbed the bulb in exasperation, filled it with water, and poured it out into a measuring beaker.

Very often practical experience beats intellect. 

Obama's education and experience did not prepare him to solve problems in the real world but rather to engage in faculty discussions about how many angels could dance on the head of a pin.

Posted by: Tantor at November 28, 2010 05:48 PM (Ek/Oc)

84 Get it together? You can't gather nothingness, which is what pResident Obama has ever had. He's a vacuum sucking all that's good out of America.

Posted by: twolaneflash at November 29, 2010 03:42 AM (xb4TD)

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