Obama Claims His Administration Prevented Another Great Depression With Automotive Bailout

It's more like the Obama administration created a depression. I'm depressed everyday with the Obama Administration.

The dow is at 13000

I get deboosted for reporting something good that's happening (actual fact). But the person who's talking out of his rear-end doesn't get deboosted?

The dow is at @13000 is true. Another fact is out of the 15 million people that lost their jobs during Obamas term, there are still 13.2 million without jobs. The unemployment rate that has been announces as 8.3 is not true. I could go on but I don't think this site is large enough.

The scaled average of the stock prices of 30 large companies has nothing to do with the fundamental condition of the economy as a whole.

So you make one statement that you think is good and that's supposed to make it all ok ?????

My "so you make one statement that you think is good" was ment for LexSucks

There is just no reasoning with GOP supporters and Fox "news" viewers, so incredibly mis-guided and backwards... Democrats are far from perfect, but less blatantly against the middle class and corporate puppets. I wish all the campaign cash and lobbyist dollars were outlawed from politics, and candidates actually voted for what the majority of people wanted (not because they want to keep their jobs and their vote is determined by CA$H).

So predictable, de-boosts proving my points. Love it but how sad that so many sheep follow their pastors/priests/Conservative-puppets

LexSucks, yes the DOW is at 13,000.

We should thank Occupy Wall Street for it.

Nah, we should thank the Capitalist Pigs for the 13,000 DOW.

BTW, Obama is not a businessman. He took a hell of a lot of tax dollars threw it at Green Energy and it all went down the toilet.

You see, we just can't pump Green Energy into our gas tanks.

Maybe in 30 or 40 years from now Green Energy will workout.

Nice work Obama, you have this next election in the bag!

It's because they did...ACCEPT IT people!!

It's EASY to take credit for disasters that didn't happen ;-) Much more difficult to prove that it was imminent, and that you actually prevented it.

Any reasonable person would ask what magic Obama possesses that allows him to avert a depression, while other presidents could not avert depressions, recessions, or simple economic downturns? Is it possible that the president doesn't command world finances? Nah! ;-)

"It's EASY to take credit for disasters that didn't happen ;-) Much more difficult to prove that it was imminent, and that you actually prevented it."

- The guy just can't win. LOL!!!

"Any reasonable person would ask what magic Obama possesses that allows him to avert a depression, while other presidents could not avert depressions, recessions, or simple economic downturns?"

- The other presidents weren't Obama. Are all presidents/people the same?


"Is it possible that the president doesn't command world finances? Nah! ;-)"

- He doesn't. But I can't tell you the amount of time I heard this; "Obama keeps printing money...".

Americans want jobs and they will vote for who is best qualified to create jobs.

Romney: Bain Capital, Staples, Sports Authority, Guitar Center Musician's Friend and the Salt Lake City Olympics

Obama: Solyndra and no Chicago Olympics

Who has produced more jobs based on that information?

BTW, the Los Angeles Lakers play at the Staples Center and the Denver Broncos play at Sports Authority Field.

As far as I know I do not believe any sports teams will be playing at the Solyndra Arena anytime soon and Chicago did not get the Olympics.

LuvMyLexus writes "Americans want jobs and they will vote for who is best qualified to create jobs..."

No, they'll vote for whomever they like best. And who they like best depends on what they *believe*. Therefore, the people who get voted in are the ones who do the best job convincing voters that they're the best choice. This is vastly different from actually being a great leader, great visionary, or anything else. Cripes, it may even give politics a bad name.

GOP- blind/bought leading the blind/moronic. Those who are supporting and buying into the GOP message are the ones making this country look so bad in the view of our international brothers. Just look at the abortion and gay marriage rhetoric, seriously mis-guided...

If anyone here has worked near the top of a Fortune-500 company, they know that department managers always needing more money. They all have problems, and they believe that throwing more money will solve them. Meanwhile, the guys and gals above them, instead of throwing money at the problem, turn around to the department managers and say "find out what the effin' problems are, and fix the high priority ones with the money in your budget. I'm busting my ass trying to keep the company profitable so you can keep your job and complain about the problems you expect me to solve."

Governments don't have such constraints. They simply rack up another trillion dollars in debt, and throw more money at the problem. But mark my words, friends: Blow a trillion here and a trillion there, and eventually, you're talking real money.

We he IS one of the top four Presidents in our history according to HIM.

Bull crap!! Just get this guy and his gang out of the office.

And replace him with whom?

Saying that you would vote for snookie over Obama is an admission that you are crazy. How would Snookie do a better job?

spy6,

Turn off Fox News immediately!!! Clearly you’ve fallen for the BS.

FOX News is Rich people, paying other Rich people, to tell the middle class to blame the poor. And you have fallen for it hook line and sinker.

You'd be better off. And I never said that I watch Comedy central for news. You guys like to put words in people's mouths and create your own reality.

spy6 watches FOX News. What do you expect? Facts aren't important to them.

I said I watch Comedy central. I never said that I get my news from them. But you watch FOX News. Which tells the world that you are a brainwashed. Fox News is the WWE of News programs.

"Let me guess, the Economist is another rag that David Brock writes articles for to spread Obama's propaganda."

- As opposed to what? And what about your propaganda? You know... The views that lead America down the toilet that you want to bring back?

@ billfrombuckhead: I am neither Republican or Democrat. Here's what is suspect about this posting - it's another flame war. Some people don't have good common sense to check their facts; they believe some B/S posting. Example: Probably not many people are aware that President G.W. Bush gave the auto companies (about) $15 billion dollar bailout just prior to leaving office. Not many people mention that but bash Ovoma. The bailout in the early 80's for Chrysler, under Lee Iaccoa, DID save Chrysler, and he DID ensure his car company paid back their loans. Kinda wish GM would have to pay back ALL of the bailout money. Didn't GM just post record profits for the prior quarter. Lets have them payback ALL of the money given to them by this admistration, along with a little bit more dough (interest) so you appreciate what ALL us did to HELP these automative companies out. Finally - any of those car companies would be BETTER off without those duma@@ UAW members. Get ride of the UAW dead weight.

The great Liar in chief flaps his socialist anti American lips once again.

obama does nothing but blame the 99% of his actions that fail on the Republicans or congress.
If he stumbles and accidentally does something that turns out positive, then he is sure to reframe it as a world saving policy the liar in chief has accomplished all alone with his little peanut brain.

How shallow, how contemptable, how transparent can this jerk be???

onumbtnuts will be taking credit for a sunny day to get reelected.

The American public will not be hood winked by this marxist fool and the fraudulent regressive democrat socialist party.

obama into the gutter where he came from and belongs in November!~

odumbo will be taking credit for the next sunny day.

This is the Chicago marxist trash that was mistakingly put into the white house.
Correct this huge error and throw onumbnuts back into the gutter where he came from!
Vote the leftists and obama OUT OF OFFICE in Novement and save this country!