Commentary

Imagine if Romney had been elected

The lead editorial in Raleigh’s News & Observer hits the nail on the head this morning when it says the following about the state of the U.S. economy:

“The recovery from the Great Recession appears to be getting stronger on the eve of Christmas. Alas, politics has dampened the enthusiasm of some Scrooges, President Obama’s critics, who can’t take “yes” for an answer.

As one liberal commentator noted, if this were the second year of a Mitt Romney presidency instead of the sixth year under President Obama, there would be parades in the streets and praise for the president from some of Obama’s perennial critics.

But the facts are the facts. And they’re mostly good.

In November, the Bureau of Labor Statistics estimated, there were 321,000 jobs created, an astounding number. Unemployment is down. The gross domestic product grew at 5 percent, on an annual pace, in the third quarter of this year, the biggest advance since the third quarter of 2003. Consumer and business spending are up.

And as Americans take off on their holiday travels, they’ll see lower gas prices.

And by the way: When the president was formulating the Affordable Care Act, Republicans predicted catastrophic consequences for the economy, with a federal deficit certain to explode. The deficit is down.”

The recovery has started to spread to North Carolina too, of course, and while things have a LONG way to go, there is cause for optimism. As was noted in this story earlier this month, however, the folks on Right-Wing Avenue have taken things to laughable extremes with their absurd attempt to blame every bad thing in the state economy on President Obama and attribute every improvement to Governor McCrory. As we noted in December:

“Given [the still] sobering backdrop, it ought to go without saying that it will take much more than a few doses of laissez faire, ‘trickledown’ economics and some cheerful marketing to turn North Carolina’s economy around. This has certainly been the lesson at the national level where, if there was ever any hope of doing more than ending the recession and bringing about a true middle class economic renaissance, it is now clear the half measures fashioned by the President and a mostly stubbornly resistant Congress have failed to deliver it.

Unfortunately, for some time now, it’s been clear that North Carolina leaders are unwilling even to advance a state-level version of the President’s quarter-of-a-loaf recovery plan. Instead trickledown tax cuts, privatized/crony-ized business recruitment efforts and an unending stream of positive spin from the McCrory administration and its cheerleaders appear to be the extent of the conservative economic plan.”

Let’s hope the New Year brings some honesty to assessing the situation, which, truth be told, is closer to the opposite of what the Obama haters describe.

14 Comments


  1. LayintheSmakDown

    December 24, 2014 at 5:31 pm

    Now that would have been a dream! The Obama recession would have been stalled and we would have been well on the way to a robust recovery rather than the slow descent to economic oblivion we are experiencing.

  2. ML

    December 24, 2014 at 6:05 pm

    Record stock market. Steadily dropping employment. All you civitas employees have done is repeat repeat repeat with very slight and incredibly uncreative alterations such as “Clinton recession.”

    When are people going to stop listening to republicans who are consistently wrong? When is our country going to spiral and descend into economic peril bc of Obama? Fact is our economy was in peril when Obama was elected and all he has done is decrease the deficit and improve the stock market while still raising taxes just like Reagan!

  3. david esmay

    December 24, 2014 at 8:32 pm

    LSD, tripping again.

  4. LayintheSmakDown

    December 25, 2014 at 9:18 am

    The stock market is not really a judge of the economy but is a reflection of the low interest rates the fed is keeping artificially low. Unemployment is fortunately going down which is not really a political marker if you get right down to it, and the only economic theories that are actually wrong are all the ones the progressives believe in. Where have you ever seen a socialist/communist/progressive economy survive long term. Heck, the progressive nirvana in USSR only lasted what, 75 years before crushing down on itself?

  5. ML

    December 26, 2014 at 4:37 pm

    The ussr is not the progressive utopia. Stop creating straw men. In reality the German economy and much of Europe has sustained very productive social democratic governments and economic systems that benefit more than a few.

    I agree that unemployment and stock markets do not create strong indicators of economic growth. However, if you listen properly and understood what real progressives advocate you would know that a trulely strong economy would include stronger growth in middle class well paying jobs that were lost due to Wall Street call for deregulation of the bond market (even though Clinton signed much of the legislation, it was the republican congress that put those bills on his desk). The ideas of capitalism and a strong governor that runs efficiently and reflects the views of more than just the 1% and Wall Street are not mutually exclusive. Get that through your ideological stunted brains.

  6. LayintheSmakDown

    December 29, 2014 at 9:07 pm

    ML, none of those can match the USA. Although we are doing our best to go backwards to those progressive states. And I do listen and understand what progressives stand for, and all I see is a subversive force for government being the cradle to grave caretaker for all instead of advocating freedom and opportunity for all.

  7. ML

    December 29, 2014 at 10:33 pm

    If that is all you see then you do not understand or listen. I understand the importance of self-reliance, freedom, opportunity, we all do. But what you do not see or understand is how circumstance and mere chance can ruin a persons life and a little bit of help can allow someone to live in dignity while they’re down on their luck. Oh and roads, cell phones, Internet, Velcro…

  8. LayintheSmakDown

    December 30, 2014 at 9:13 am

    I am listening and paying attention all the time, it is you who have your ears closed saying lalalalala and insulting when other views are presented. The government cannot and should not cover every circumstance and chance happening, no entity can. This is the whole reason there should not be the cradle to grave reliance.

  9. ML

    December 30, 2014 at 9:40 am

    One extreme to the other. What you’re doing is called arguing to absurdity. It’s either no government or all government huh? It would be nice to be able to peg people in one slot or another but there are always grey areas and precisely the point I was making: every situation is different, similar maybe but always with a slight wrinkle.

    You can attempt to argue against extreme points that I don’t make but you only make yourself look foolish.

  10. LayintheSmakDown

    December 30, 2014 at 8:03 pm

    That is exactly my point. The absurdity put forward here is so out of touch with reality. That is why I disappeared for about 8 months as it is hard to argue with the absurd. If I were not currently unemployed and bored I would not be here now.

  11. ML

    December 30, 2014 at 9:08 pm

    Argue to the absurd? Where’d you get that?

  12. LayintheSmakDown

    December 31, 2014 at 6:47 pm

    On this site.

  13. Alan

    January 1, 2015 at 12:33 pm

    LSD’s commentary appears to be increasingly unhinged and spiraling (further) into the Crazy Talk Express category.

    We understand you have a deep seated hatred of the President, we’ve certainly witnessed that time & time again with some of your more colorful commentary. The facts, however, do not support your comments. There is/was no “Obama recession”, that’s crazy talk straight out of Faux News land. Do you have no recollection of the economic chaos that happened when “President Dubya” was in office? I shudder to think what position we’d all be in now if more of the same failed policies were implemented by a Republican government. Whatever your opinion of President Obama, the facts are the facts, no amount of foaming at the mouth crazy talk will change them.

  14. LayintheSmakDown

    January 1, 2015 at 3:25 pm

    Alan/ML, I have no desire to join you. As you are the conductor and engineer of that particular train it would be very scary and not conducive to one’s health.

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