Anonymous Coward User ID: 714978 United States 07/08/2009 05:01 PM Report Abusive Post Report Copyright Violation | OBAMA PLAN DOOMED PER JOE BIDEN....AS REPORTED BY GERALD CELENTE Biden Admission: Obama Plan Doomed KINGSTON, NY, 8 July 2009 -- Vice President Joseph Biden's admission that the Obama Administration's economic recovery plan was predicated on egregiously inaccurate forecasts consigns the entire effort to failure, predicts Gerald Celente.
"The plan is based upon false premises," said Celente, Director of The Trends Research Institute, referring to White House projections used to sell the stimulus package to the nation. To make their case, Washington warned that without the Obama stimulus, unemployment, then at 7.2 percent, would rise above 8 percent in 2009 and peak at 9 percent in 2010.
Yet, only midway through 2009, the unemployment rate is already 9.5 percent and rising. "This is an enormous miscalculation," contends Celente. "In real world terms, it means that 2.5 million more Americans than anticipated have lost their jobs. The inaccuracy of the forecast undermines the validity not only of the plan, but also of the planners." Joe Biden sidestepped blame, pleading "guilty with an explanation." Weaseled Biden, "The truth is, we and everyone else misread the economy." NO! "Everyone else" did not "misread the economy." The Trends Research Institute read it correctly, and has been reading it correctly for decades.
"How often does the government have to be wrong, and how wrong do they have to be before people and the media stop taking them seriously?" wondered Celente. "The first spending package didn't deliver as promised, and now Obama's advisors want another stimulus, as if doubling up on failure will achieve success." "If we made forecasts as inaccurate as the Obama team's and implemented similarly unsuccessful plans, and then tried to salvage the situation by repeating exactly the same mistakes, we'd have been laughed out of business long ago," Celente said.
Celente contends there are but three possible explanations for President Obama and his "brilliant" team of economic advisors "misreading how bad the economy was": They're ignorant, despite PhD's and impressive resumes. They are so arrogant they are incapable of acknowledging that anyone outside the incestuous Beltway circle could possibly get it right ... when they've got it wrong. They actually do know better, but are lying.
"None of these suffice as excuses," concluded Celente, "but the inability or unwillingness to make accurate forecasts appears to be a Vice Presidential prerequisite." This past January, departing VP Dick Cheney sloughed off his administration's central role in accelerating the financial crisis and failure to head it off, claiming, "Nobody anywhere was smart enough to figure it out."
Trends Journal® subscribers know one person who was "smart enough to figure it out": Gerald Celente.
The Greatest Depression is at hand. The stimulus, bailout and buyout packages being forced on the nation by an Administration that "misread how bad the economy was" will only lead to "Obamageddon": The Fall of Empire America. It is clear from the trial balloons set aloft by the Obama administration for a new stimulus program that they have no viable solutions to solve the economic crisis.
Trends Journal® subscribers will be kept abreast of developments as they occur. |
mr...bojangles
User ID: 721167 Mexico 07/08/2009 05:04 PM Report Abusive Post Report Copyright Violation | Re: OBAMA PLAN DOOMED PER JOE BIDEN....AS REPORTED BY GERALD CELENTE celente means hot in spanish.... this guy is on to something.... Last Edited by mr...bojangles on 07/08/2009 05:04 PMBeyond one's own mind there is no dazzling light to come shining in from outside to wake one up. If one recognizes one's own intrinsic State as pure from the beginning and only temporarily obscured by impurities, and if one maintains the presence of this recognition without becoming distracted, then all the impurities dissolve. This is the essence of the Path-namkhai norbu. Why is there a legend about the descent of Christ into hell? The Teacher addressed the lower strata of the astral world, saying: �Why, by cherishing earthly thoughts, bind oneself eternally to Earth?� And many revolted in spirit and rose higher. Thread: I shot video of the earth from my spacecraft, enjoy! |
Family Guy
User ID: 721186 United States 07/08/2009 05:05 PM Report Abusive Post Report Copyright Violation | Re: OBAMA PLAN DOOMED PER JOE BIDEN....AS REPORTED BY GERALD CELENTE Push the reset button quick! |
Anonymous Coward User ID: 272605 United States 07/08/2009 05:05 PM Report Abusive Post Report Copyright Violation | Re: OBAMA PLAN DOOMED PER JOE BIDEN....AS REPORTED BY GERALD CELENTE Obama=Fail |
BING User ID: 705700 United States 07/08/2009 05:06 PM Report Abusive Post Report Copyright Violation | Re: OBAMA PLAN DOOMED PER JOE BIDEN....AS REPORTED BY GERALD CELENTE OBAMA = EPIC FAILURE. |
Anonymous Coward User ID: 569622 United States 07/08/2009 05:07 PM Report Abusive Post Report Copyright Violation | Re: OBAMA PLAN DOOMED PER JOE BIDEN....AS REPORTED BY GERALD CELENTE |
Anonymous Coward User ID: 721015 United States 07/08/2009 05:08 PM Report Abusive Post Report Copyright Violation | Re: OBAMA PLAN DOOMED PER JOE BIDEN....AS REPORTED BY GERALD CELENTE DUMP HOPEY, BIDEN 4 PREZ! |
Anonymous Coward User ID: 688273 United States 07/08/2009 05:09 PM Report Abusive Post Report Copyright Violation | Re: OBAMA PLAN DOOMED PER JOE BIDEN....AS REPORTED BY GERALD CELENTE They actually do know better, but are lying.
No one who makes less than $250k will pay a dime more in taxes if I am elected. |
von doom User ID: 693999 United States 07/08/2009 05:12 PM Report Abusive Post Report Copyright Violation | Re: OBAMA PLAN DOOMED PER JOE BIDEN....AS REPORTED BY GERALD CELENTE The data's been cooked for the last 7 years, what the hell did you all expect.
Fixing this economy is like trying to walk a tightrope with no equilibrium. |
Anonymous Coward User ID: 714793 United Kingdom 07/08/2009 05:13 PM Report Abusive Post Report Copyright Violation | Re: OBAMA PLAN DOOMED PER JOE BIDEN....AS REPORTED BY GERALD CELENTE
They actually do know better, but are lying.
No one who makes less than $250k will pay a dime more in taxes if I am elected.
Quoting: Anonymous Coward 688273Yeah I remember those words...that is all they were empty words..... |
Family Guy
User ID: 721186 United States 07/08/2009 05:14 PM Report Abusive Post Report Copyright Violation | Re: OBAMA PLAN DOOMED PER JOE BIDEN....AS REPORTED BY GERALD CELENTE They actually do know better, but are lying.
No one who makes less than $250k will pay a dime more in taxes if I am elected.
Quoting: Anonymous Coward 688273Maybe not directly. |
Anonymous Coward (OP) User ID: 714978 United States 07/08/2009 05:24 PM Report Abusive Post Report Copyright Violation | Re: OBAMA PLAN DOOMED PER JOE BIDEN....AS REPORTED BY GERALD CELENTE I want one Obama supporter to tell me what he's positively "done for you lately"? |
Anonymous Coward User ID: 718263 United States 07/08/2009 05:26 PM Report Abusive Post Report Copyright Violation | Re: OBAMA PLAN DOOMED PER JOE BIDEN....AS REPORTED BY GERALD CELENTE
. Isn't it funny how Joe Biden underestimated the crisis but it was all over television for months and the entire world knew except them. Now I know you guys in GLP land don't believe that. This Administration completely underestimated the power of GLP. DUMP LARRY SUMMERS AN TIM GEITHNER - NOWDUMP LARRY SUMMERS AN TIM GEITHNER - NOWDUMP LARRY SUMMERS AN TIM GEITHNER - NOWDUMP LARRY SUMMERS AN TIM GEITHNER - NOWDUMP LARRY SUMMERS AN TIM GEITHNER - NOW |