Obama blames everyone but his policies!

Obama Blames Arab Springs And Tsunami In Japan For Slower Growth


http://www.realclearpolitics.com/video/ ... rowth.html

So let's see, so far he has blamed, Bush, The Republicans even when the Dems had control of all houses, ATM's, rofllol Arab Springs, a Tsunami, Oil Prices, (Like he is the first to have oil prices go up), his teleprompter, and his caddie! But he takes credit for Osama when it was the Seals who got him and the intelligence that was put in place by Bush that found him. This is the more irresponsible, arrogant President in History!

I really don't understand the tsunami blame game. After WWII, when Europe and Japan were in ruins, the US made a lot of money selling them equipment to rebuild.
According to Keynesian economics, Japan buying American goods to get back to normal should help out the American economy. And with northern Japan's manufacturing base in disarray, our manufacturers should have less competition for their goods.

Unfortunately many of our companies use supplies from Japan, the availability of those supplies was affected by the tsunami.....and still the supply chain isn't back to normal. We don't live in an insular world, the economies of the largest/wealthiest nations are intertwined and what affects one affects them all.....but you guys probably knew that. Sorry, I don't want a little bit of truth to interfere with a good outrage.

archer wrote: Unfortunately many of our companies use supplies from Japan, the availability of those supplies was affected by the tsunami.....and still the supply chain isn't back to normal. We don't live in an insular world, the economies of the largest/wealthiest nations are intertwined and what affects one affects them all.....but you guys probably knew that. Sorry, I don't want a little bit of truth to interfere with a good outrage.

You are a liberal. We don't expect you to understand taking Personal responsibility. This thread might confuse you.

I wonder if Plato didn't have a futuristic vision, and what he referred to as Atlantis isn't Japan in the near future.

As a buyer, there were some disruptions and price hikes from the tsunami for material I was buying from Japan but it got back to normal pretty quick. (I actually believe a lot of it was people hoarding trying to drive prices up.)

Japan passed a massive spending bill after the disasters to get the economy going so there were a lot of opportunities for US companies to increase sales.

The Arab Spring and petrol spikes? This one makes more sense, raise gas prices by $0.50 and people cancel vacations etc.

What....a massive spending bill to get the economy going? What do the Japanese know that we don't?

archer wrote: What....a massive spending bill to get the economy going? What do the Japanese know that we don't?

I have been studying Japan's economy for 20 years and they have been trying to revive things with massive infrastructure spending for over a decade and it hasn't done much.
The people are such good savers, the money they earn from those projects gets ratholed away. And it looks like the same thing is happening in the states, both corporations and the rich are holding onto cash. We have been hearing talk since Obama was elected that massive inflation was around the corner. Usually this is a great excuse for people to spend. Buy now before the price increases by 20% tomorrow, but it isn't working.

It might have been better for stimulus funding to have been sent directly to the people instead of projects. People usually spend faster than infrastructure projects which take years to finish.