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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: tonto who wrote (87834)	7/20/2010 10:30:57 AM
From: MJ	2 Recommendations Read Replies (1) \| Respond to of 224769

With the current Congress I would rather see them dysfunctional than doing what they have done since Pelosi became the speaker of the House. The problem is that we have problems now created by the Pelosi and Obama Congress. They created the problems and now want to back away and blame anyone but themselves. This begins with Mr. Obama---------he will twist and twist the truth of what has happened since he Barrack Hussein Obama Barry Soetoro walked down Pennsylvania Avenue in a city that he professed in an interview to not like when he first came to Washington, D.C. as a green Senator.

To: tonto who wrote (87834)	7/20/2010 1:38:57 PM
From: Hope Praytochange	1 Recommendation Read Replies (1) \| Respond to of 224769

Buffett Warns Odumbama: Economic Recovery Still Has a Long Way to Go Friday, 16 Jul 2010 03:46 PM Article Font Size Barack Odumbama heard a sobering message from Warren Buffett when he asked for the investment guru's views about the economic recovery, according to an interview Barack Odumbama gave NBC News on Thursday. "I'll tell you exactly what Warren Buffett said. He said, 'We went through a wrenching recession. And so we have not fully recovered. We're about 40, 50 percent back. But we've still got a long way to go,'" Barack Odumbama told NBC during a visit to Holland, Mich., to promote his job creation policies. Odumbama chatted with Buffett in the Oval office on Wednesday as he sought ideas on how to translate higher U.S. growth into stronger hiring. This would help him deliver on an election year promise to tackle unemployment currently at 9.5 percent. Buffett, who built an estimated $47 billion fortune running his insurance and investment company Berkshire Hathaway Inc., warned Odumbama the recession created a huge overhang of excess capacity in the economy that would simply take time to mop up. Barack Odumbama said Buffett specifically used the example of the U.S. housing market, noting 1.2 million new homes were built on average per year in the United States, according to historic trends. That number soared above 2 million during the property bubble, but construction activity has since collapsed. "What Warren pointed out was, look, we're gonna get back to 1.2 (million). But right now we're soaking up a whole bunch of inventory. So a lot of the challenge is to work our way through this recession," Barack Odumbama said. High unemployment is another type of excess economic capacity. Barack Odumbama's Democrats risk severe punishment by voters in midterm congressional elections on Nov. 2 if he fails to convince them stronger U.S. growth means better times ahead. A series of polls this week showed that Americans are increasingly unhappy about Obama's handling of the economy. To counter such perceptions, the administration on Wednesday trumpeted an analysis from the White House Council of Economic Advisers that said Odumbama's stimulus package had saved or created roughly 3 million jobs, and was on track to meet its goal of 3.5 million jobs by the end of this year. "By making critical seed money available, we have attracted more than $280 billion dollars in investment from private companies and others," idiotObama said in Holland. Barack Odumbama was in Holland to tout the benefits of an $862 billion emergency program he signed last year. Government spending has contributed to worry among voters about the country's deficit, but Odumbama pointed to the benefits. "We're leveraging nearly three private dollars for every public dollar. That's an incredible bang for our buck." But, four months before congressional elections, White House spokesman Robert Gibbs has acknowledged that voters' economic frustrations could cost Democrats control of the House of Representatives. All 435 seats are at stake in November. In a CBS News poll this week, only 40 percent of respondents approved of Odumbama's handling of the economy, while 52 percent felt he had spent too little time on the economy and too much time on healthcare reform.