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Bill Clinton
1993 - $1.1543 trillion
2000 - $2.0252 trillion
Increase - 75.43%
In fact in comparing two term Presidents since World II the Biush 43 administration sets quite a few marks.
The Economic Legacy of George W. Bush Jr.
LOWEST at increasing tax revenue of any post World War II two term President
LOWEST at average year over year quarterly GDP growth of any post World War II two term President
LOWEST at job creation of any post World War II two term President
HIGHEST in the growth percentage of Americans below the poverty level of any two term President since figures stated being kept in 1959.
HIGHEST in the growth of Americans on Food Stamps of any two term President since the records started being kept in 1969.
Where on gods earth do Democrats come up with the opinion that the only thing that matters in the nation is federal revenue? Under your argument, we should tax everyone at 100%, and the economy would be wonderful, wouldnt it?
Bush highest number of participants on food stamps was
28,223
Obamas highest number of participants so far is
40,302 and growing as 2011 estimates it will hit 43,000 by years end making his increase almost 50% in 2 years.
To make it clear for the Obama followers:
The highest number of people on food stamps
Obama 40,302
Bush 28,223
Obama wins again.
So? We know that bush left Obama the worst economy since the Great Depression and it wasn't going to get fixed by Jan. 21, 2009.
But it gets worse. While complaining that Obama hasn't done anything the same people supported the Republican efforts to stop everything Obama wanted to do to fix the economy.
Originally, the stimulus was supposed to be ~$1.5 trillion with no tax cuts. Based upon that, the Administration predicted 8% unemployment.
However, the Republicans pledged to filibusterer and Obama had to accept a $787 billion stimulus that was 40% tax-cuts. Then, the Republicans complained again that Obama didn't meet the 8% unemployment target.
Sen Mitch McConnell is on record as saying he wants to obstruct Obama and then complains. These guys are like the person who kicks someone in the knee and then complains about how badly he walks.
Where on gods earth do Democrats come up with the opinion that the only thing that matters in the nation is federal revenue? Under your argument, we should tax everyone at 100%, and the economy would be wonderful, wouldnt it?
Actually, nationwide, many Republican governors are slashing programs that generate economic activity but are not increasing the tax cauffers enough. So, don't blame this on Democrats alone.
So? We know that bush left Obama the worst economy since the Great Depression and it wasn't going to get fixed by Jan. 21, 2009.
But it gets worse. While complaining that Obama hasn't done anything the same people supported the Republican efforts to stop everything Obama wanted to do to fix the economy.
Originally, the stimulus was supposed to be ~$1.5 trillion with no tax cuts. Based upon that, the Administration predicted 8% unemployment.
However, the Republicans pledged to filibusterer and Obama had to accept a $787 billion stimulus that was 40% tax-cuts. Then, the Republicans complained again that Obama didn't meet the 8% unemployment target.
Sen Mitch McConnell is on record as saying he wants to obstruct Obama and then complains. These guys are like the person who kicks someone in the knee and then complains about how badly he walks.
The 2001 tax cuts werent designed to increase revenues, they were designed to grow the economy.
Quote:
Originally Posted by MTAtech
I hate to tell you this but YouTube videos aren't credible sources. Like movies, they can be edited to say and show anything the producer wants. They can lack context and edit out the parts not consistent with the desired narrative.
If you don't believe me, you can find the piano playing cat and the small plane that loses a wing at 1,000 ft. but manages to land safely, as evidence of credible looking videos that are not.
Yeah, you hate youtube videos that QUOTE Democrats ridiculing the need to regulate the mortgage industry.. I get it, but that doesnt mean they arent valid.. I watched the hearings, they went on, and on, and on, with Democrats saying there was no changes needed. If you want to find one video clip saying Democrats were concerned, I challenge you to find it..
Quote:
Originally Posted by Bluefly
So... you're blaming Obama for an increase in food stamp recipients during the worst recession since the Great Depression?
Okay, then. In other news, there's more water during a flood!
Why would we blame Obama for an increase in food stamps, even though his stimulus bill involved $300B in food stamp spending? You seriously didnt ask that question, did you?
I also see a lack of understanding of macro economics -- people don't understand demand side recession. We have high unemployment because demand (sales) are down and business does not need labor nor a need to buy machines that would increase capacity. They already have enough capacity.
That's where the government, through fiscal policy, can supplement the demand that isn't in the private sector. There is plenty that can be done in many areas.
Yet, the conservatives called for cutting budgets, which further reduces demand and makes the recession worse.
To answer pghquest, the 2001 and 2004 tax-cuts neither increased revenue nor grew the economy. I've already established that in post #110.
Of course, Newt is right. Obama can claim another nefarious record in his list of accomplishments - record number of people on food stamps under his watch.
We have assumed a package just slightly over the $775 billion currently under discussion
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. I dont need to respond to Congressional hearings regarding Bush.
Im not concerned about defending him.
