What's with the meme from anti-Obama people that he's gonna make the Economy SOOOOOO much worse?

[FirstLight]

I have heard this from a few negative nellies conservative family and friends. I usually avoid talking about politics and the details because I just wanna avoid the spin. They all know I am a Liberal, so I wonder if they are saying this to get my goat. I was saying that the reason I am going back to school is because the economy may take a couple years yet to right itself -And they say with absolute surety that if Obama wins we will NEVER recover.
And these are NOT 1%ers, they are regular people, but I wonder if Faux is spinning that the Economy is gonna tank if Pres Obama is re-elected, or if there is some dog-whistle out there that the big investors are planning a 'pull out all your $' scheme of some type to crash us again ...

honestly I wouldn't put it past them to squelch any recovery as long as it's on Obama's watch...but how far would they go?

[Turbineguy]

1. Since Romney with make the economy bad

it's important to create the impression that Obama would have made it worse.

Something like this:

https://www.youtube.com/watch?gl=FR&feature=related&hl=fr&v=Xe1a1wHxTyo

[JaneyVee]

2. First ask yourself, have conservatives ever been right about anything before?

The answer is overwhelmingly NO. Conservatism only exists with the presence of a perceived boogeyman. There is no such thing as positive conservatism because conservatism = oppression.

[FirstLight]

3. true

but i thought i'd ask here anyway ...just checking to see if anyone else is hearing this shit? cuz personally I don't think we'd stand a chance without our POTUS!!!

[JaneyVee]

6. It's just desperation. Conservatives campaign on fear, Liberals campaign on hope.

While Liberals campaign on social progress and expanding freedom & Liberty for all, conservatives campaign on crumbling puritanical world-views and the fear of social progress. They're basically fighting against an inevitable changing world while Liberals believe in adapting to an inevitable changing world.

But to answer your question, the meme probably originated the same place all these fear-mongering RW memes originate: Annoying forwarded e-mail chains to clueless low info weak-minded & gullible citizens.

[patrice]

4. The several 100s of trillions of LO$$E$$$$$$$ in the Derivative Crash of '08 are still working their

way through ALL financial systems. You may also have heard of the LIBOR banking scandal, in Europe, which I don't think is considered to be part of the '08 crises and which is also some few 100s of trillions in losses too.

There's another wave of consequences from all of that that is headed at us, and the rest of the world too, but some are saying we'll see it around the end of this year or maybe as late as Spring next year.

Imagine a President in the middle of all of these financial earthquakes and tremors whose relationships to the FOREIGN banks and international financing powers has been defined and pretty thoroughly encumbered by some possibly pretty exotic contracts a long time ago, like Romney is. His, and the 1%'s, money on deposit in foreign banks isn't like your savings, just simply deposited, those foreign deposits are very probably not that liquid and can, therefore, be used as leverage against others, especially domestic financiers, as all of this crap works itself out.

So people should think, do we want a President who is nose deep in this financial war, or one who can made decisions about America FOR America.

[brewens]

5. I saw a bumpersticker that said, "Obama Lied And The Economy Died." Must be a kool-aidaholic.

I'd love to confront the guy and ask him, you really think the economy was going great when Obama took office? In that case McCain could have had a lot easier run, avoided picking Palin and maybe won. Assuming that leading in the polls, McCain would have picked someone safer and smarter.

[zbdent]

7. Yep, that's why the stock market has almost doubled what it was when he took office ...

[Liberal_Stalwart71]

8. Why do you even listen to these fuckers? It doesn't matter what evidence you show them...

They are brainwashed. They are convinced. There's nothing you can say or do, short of turning Obama into a white man and a Republican.

Oh, and by the way, tell them...

Study: Obama’s plan would create more 1.1 million jobs in 2013. Romney’s plan would create 87,000.

Posted by Suzy Khimm at WP

http://www.washingtonpost.com/blogs/ezra-klein/wp/2012/09/27/study-obamas-plan-would-create-more-jobs-than-romneys/

"SNIP.................................................

How did EPI come to its conclusions? By using multipliers of the GDP impact of spending and tax policies based on those published by Mark Zandi, chief economist for Moody’s Analytics.

“Large cuts in government spending will exert a strong drag on economic activity while large output gaps persist,” EPI explains. At the same time, “tax cuts, particularly tax cuts for businesses and higher-income households, are highly inefficient at spurring growth.” By Zandi’s calculations, general government spending has a multiplier effect of 1.4 for every $1 spent, while a payroll tax cut for employers has just a 1.04 multiplier effect.

According to EPI, the growth in jobs under Obama’s plan would primarily come from the American Jobs Act, which includes $142 billion in temporary spending, as well as some tax cuts. By contrast, EPI calculates that Romney’s major spending cuts — totaling an estimated $250 billion in net cuts in 2013 and 2014 — would be a drag on growth in the near term. The drag would be bigger if Romney makes his tax reform revenue-neutral, as he’s promised.

“Zandinomics,” however, have come under criticism by those who believe that Zandi is overstating the multiplier effect of government spending. Robert Barro and Charles Redlick, for example, found that the average multiplier for defense spending was only about 0.6 to 0.7 when the unemployment rate was an average of 5.6 percent, and that the estimated multiplier effect rose only to 1.0 when the employment rate was extremely high, at 12 percent.


................................................SNIP"

[jmowreader]

9. If we didn't have so many Republicans he COULD make the Economy SOOOOOO much better

I don't think we've seen all the implosions the derivatives market is going to endure, and thanks to the GOP's not actually wanting the derivatives market regulated there's still no real brakes on the damn thing. They did regulate the market some. They make the derivatives dealers register (they call them "swaps dealers" but that's kind of a weasel thing...swaps are only one kind of derivative, and so long as you only deal asset-backed securities and collateralized debt obligations that don't have swaps in them you probably could get away with running unregistered), but the really abusive derivatives like "CDO-squared"--CDOs made out of other CDOs--and "CDO-cubed"--CDOs made from CDO-squareds (yes, these really exist) are still completely legal to trade in.

[FirstLight]

10. +100

we need the Glass-Steagel reinstated and so much more...we need to win the house and get this shit DONE!