Archive for Thursday, October 28, 2010

In ‘Daily Show’ appearance, election is no laughing matter for Obama

October 28, 2010


— President Barack Obama apparently thinks politics is no laughing matter, even when he’s staring down a comedian.

Obama barely cracked any jokes during an appearance Wednesday on “The Daily Show” despite host Jon Stewart’s attempts to draw out the president’s humorous side with a few of his own wisecracks.

Less than a week before the critical Nov. 2 congressional elections, Obama said he hopes Democratic lawmakers who made tough votes will be rewarded with another term in office. He promised more accomplishments in the two years left on his own term in the Oval Office and urged people to vote — early if they can.

Stewart asked how the political environment got to the point that Democrats “seem to be running on ‘Please, baby, one more chance’” just two years after Obama ran a successful presidential campaign built around “very high rhetoric, hope and change.”

“Are you disappointed in how it’s gone?” asked the Comedy Central satirist.

Obama seemed to suggest that he wasn’t disappointed. He said his advisers had told him during the euphoria of his 2008 election to “enjoy this now because two years from now folks are going to be frustrated. That is, in fact, what’s happening.”

He listed as reasons a 9.6 percent unemployment rate, sinking housing values and an economy that is growing but not fast enough. But Obama said his administration has also stabilized the economy, noting it has grown for nine months in a row. He also signed major health care and financial legislation. Obama suggested that his administration did so much that “we have done things that some folks don’t even know about.”

The comment seemed to catch Stewart by surprise.

“What have you done that we don’t know about?” he asked. “Are you planning a surprise party for us, filled with jobs and health care?”

Obama cited legislation extending health care to more children and broadening a national service program as examples.

“Over and over again, we have moved forward an agenda that is making a difference in people’s lives each and every day,” Obama replied. “Is it enough? No. And so I expect, and I think most Democrats out there expect, that people want to see more progress.”


Ray Parker 3 years, 5 months ago

Party like it's 1773, you betcha, on Pink Slip Tuesday.


Flap Doodle 3 years, 5 months ago

"Haven’t Democrats in Congress worked for the last several months against the idea that the midterms are a national referendum on Barack Obama and his agenda? The Smartest President Evah spends one minute on the air with Al Sharpton and demolishes that notion entirely. Attention, midterm voters: next Tuesday’s red-light special is the Obama agenda …"


staff04 3 years, 5 months ago

I actually thought it was a pretty weak interview...really seemed to me that he blew an opportunity to reassure his base. He seemed panicky and failed to make the connection between turnout for midterm elections and the progress of his Administration.


ralphralph 3 years, 5 months ago

What's sad is that the President of the USA being a guest on a "pretend news" show on a comedy channel .... AND it's probably the most insightful interview we'll see.

Part of that is because the left-leaning mainstream media won't dare ask him a hard question, lest they risk being deemed uncool (and fall off the list of people who get to talk to the POTUS); and another part is he wouldn't dare go near an impartial or right-leaning interviewer who WOULD dare to ask hard questions. It's all just fluff-over-substance photo-ops.

I'd love to see the equivalent of "Prime Minister's Question" time in the US ... plop the President down in front of the House of Reps, sitting as a committee-of-the-whole, and grill him about the issues of the day. For you Obama lovers, stay with me as you imagine GW Bush seated down front by the speaker and being asked to explain the details of his plans on ... almost anything.

The spin-meisters control everything we see and hear, and the people in the press who are supposed to counter that are not doing it. We need a way to make sure the President has a clue what he is doing, and to make him tell us about it openly.

I call for "President's Question Time" ... perhaps every Tuesday at, say 10:00 AM.


sowhatnow 3 years, 5 months ago

I believe everyone's dissatisfaction is that we aren't (as a society) patient enough to see the long term. It's hard to turn a struggling relationship or small business around in 2 years - and we're talking about the complexities of an entire nation. We really don't know how bad it might have been w/o all the efforts, or how bad it might have been w/ a bunch of different attempts. God knows the deficit sucks, and I seriously doubt all the Republican solutions would have put us in much if any better shape.

You demonizers will only see what you want to see - which robs your opinions of any credibility.


mom_of_three 3 years, 5 months ago

I can remember Carter, Reagan, Bush Sr, Clinton and bush Jr, and Obama is just a different speaker entirely. He made some interesting points about how things are going, which some obviously refused to hear.
The unemployment rate was high when Obama took over, and the loss of jobs has continued, but at a slower rate than his predecessor. Some of the problems we currently have, he inherited from his predecessor, and changes are not going to happen overnight. Would a Republican have been more successful? No, not more successful, but maybe as successful.

Unlike many people in the country and in this forum, I listen to the President we elect, whether he be Republican or Democrat, and hope he succeeds, because its my life that he is effecting. I dont wish for anyone in our government to fail, although I do wonder if what they are doing is best sometimes.


Tom Shewmon 3 years, 5 months ago

Key Groups Abandon Obama

Crucial groups that flocked to Obama's banner in 2008 are now abandoning him in droves, according to the latest New York Times/CBS News poll. Women, Roman Catholics, poor Americans, and independent voters went blue in 2008, but Democrats no longer hold the upper hand with such groups, according to the New York Times. The rightward shift of women voters would be particularly notable: Women haven't sided with Republicans in House races since exit polling began in 1982. All in all, the poll results suggest a nation in a state of desperation: 57 percent of registered voters said they were more inclined to gamble on a candidate with little experience this year, while a quarter said they could get behind a candidate whose views "seem extreme." Voters know there are problems, but apparently don't know what they want done about them. For example, 90 percent of respondents said they wanted cuts to government spending and more than 50 percent said they wanted the government to offer fewer services. But respondents ardently opposed raising retirement age or reducing retirement benefits in order to cover the cost of Social Security. Opposition to increasing taxes on the wealthy has also increased over the year. The nation is divided on the repeal of health care, with 41 percent supporting the repeal and 45 percent opposing it. In terms of party support, 46 percent of likely voters said they would go with the Republicans, while 40 percent said the Democrats would get their vote.


Tom Shewmon 3 years, 5 months ago

Who will ask Obama about the IG and investigating where all the DNC money is coming from? Who will ask him about the millions and millions Soros is insanely dumping into leftist front groups? Who will challenge his bogus claims of how they "saved" the economy?

Not Jonathan Stuart Leibowitz, I can promise you that. Probably not Matt Lauer either, or Katie Couric, or any other liberal establishment media activist. Fox News is probably the only news outlet that would grill him on substantive matters----the very network he won't go anywhere near.


CorkyHundley 3 years, 5 months ago

I want to know what he has done that he hasn't told us about?

No laughing matter Obama? lol, laugh at this enemy punisher.

The Greater Fool Theory was best exemplified in the now infamous statement made by Citibank’s Charles Prince in the middle of 2007: “When the music stops…things will be complicated. But as long as the music is playing, you’ve got to get up and dance. We’re still dancing.”

The housing bubble was the Greater Fool Theory on a bigger scale than any of us may ever see again. And now we know that at the time Mr. Prince made his statement, the music had already stopped. And therein lies the risk of investing based on the Greater Fool Theory: It’s awfully difficult to know when the music will stop.

There is even an investing strategy based on the Greater Fool Theory. Sometimes referred to as “momentum investing,” you’ll hear investors say things like “The trend is your friend,” and “You can’t fight the Fed. In the case of not fighting the Fed, which we’re hearing a lot about right now, the idea is that as long as the Fed is providing liquidity, the market will continue to go up.

You might have heard this referred to as the “carry trade.” If you can borrow money at basically zero percent interest and invest it in assets that rise in value, you have to stay on that train. But again, as soon as the Fed hints that the music will stop, the party will end quickly.

A few very smart (or lucky) investors may be able to get out before the music stops. But for the vast majority of us, it’s far too difficult to know when that will happen. Again think of Mr. Prince, Citibank and all the other investment banks that are supposed to represent the smartest talent money can buy. Like Warren Buffett said, “When the tide goes out, we find out who was swimming naked.” History made it clear that when the music stopped the folks that were supposedly the smartest were left dancing (while naked).

The question I have now is whether we’re doing it again. Are we continuing to dance because Ben Bernanke and the Fed have pledged to keep the music playing? Are we all ready to pile into the market simply because it is going up?

These are the things you need to ask yourself when you go to invest your hard-earned money. Are you making a particular decision because you think it’s a good investment? Or, are you doing it because you’re ultimately relying on a greater fool to come along?

(Carl Richards, New York Times, October 26, 2010)


Tom Shewmon 3 years, 5 months ago

Pathetic. Can't wait until this joke is out of the white house.


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