And the Obama recovery keeps getting better (politicians, rating, parties)
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Wrong question of course because Bush cant do anything, unless Congress gives him the bill. Can you list the bills passed by Congress in 2007 that would have helped the economy crash? but I'll play along
new taxes on oil, doubled cigarette taxes, increases minimum wage which increased unemployment, raised energy taxes, increased taxes on investment funds, blocked mortgage reform, waived paygo while massivly increasing federal spending, while passing NOTHING, to help the economy while it crashed..
Your argument is so full of holes. No sensible person could attribute the near collapse of the economy on raising the minimum wage -- which we've done many times before with no similar consequences.
Those energy taxes: I'm not even aware of them but certainly they didn't bring down the economy.
massively increasing federal spending: The President's actual budget for 2007 totals $2.8 trillion. The President's budget for 2006 totals $2.7 trillion, not much different.
Cigarette taxes: Oh yes, that must have brought us to the brink.
The Congress did nothing?: The Congress and President kept the banking system from failing and kept major corporations from going bankrupt. Besides that, I guess they did nothing.
blocked mortgage reform: Deregulating New Deal regulations that prevented what happened for 70 years. That was done prior to the Dem Congress. That's the major contributor to the crisis.
Your argument is so full of holes. No sensible person could attribute the near collapse of the economy on raising the minimum wage -- which we've done many times before with no similar consequences.
Whats so full of holes is your comprehension because I didnt blame the collapse on raising the minimum wage Are you telling me though that raising it during an economic collapse was good sound policy?
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Originally Posted by MTAtech
Those energy taxes: I'm not even aware of them but certainly they didn't bring down the economy.
Again, who said that brought down the economy? And again, are you telling me increasing gasoline taxes, during a period of economic collapse is a good thing?
Quote:
Originally Posted by MTAtech
massively increasing federal spending: The President's actual budget for 2007 totals $2.8 trillion. The President's budget for 2006 totals $2.7 trillion, not much different.
Yeah, not much difference, except the decline in income..
Quote:
Originally Posted by MTAtech
Cigarette taxes: Oh yes, that must have brought us to the brink.
Ohh thats right, you think is a great idea to increase taxes during years of economic decline.
Quote:
Originally Posted by MTAtech
The Congress did nothing?: The Congress and President kept the banking system from failing and kept major corporations from going bankrupt. Besides that, I guess they did nothing.
That wasnt 2007 nor was that the question.. What did Congress do to STOP the collapse, not what did they do to react to it
Quote:
Originally Posted by MTAtech
blocked mortgage reform: Deregulating New Deal regulations that prevented what happened for 70 years. That was done prior to the Dem Congress. That's the major contributor to the crisis.
Deregulation had nothing to do with the collapse.. You buying that same old liberal bs again? What caused the collapse was govenrment GUARANTEEING bad mortgages which enticed lending institutions to not keep adaquate cash on hand to substain a major loss in equity in the event of a collapse. By the end of 2000's, government owned or insured 95% of all mortgages in the country.
Whats funny, is if deficit spending is an economic boost, (i.e. Obamas claim), then we never should have entered a recession because when the crash took place, we were deficit spending like crazy.
3 years of half implemented Neo-Keynesian applications are working, just barely at the moment to turn back 8 years of Friedman disaster policies which drove the country to the brink of collapse. It will take some time to turn around that which was nearly destroyed.
I am rolling on the floor laughing because I cannot believe you referred to the Bush years as "Friedman disaster policies." Bushes policies did not even close to Milton Friedman, BUT they do come close to Obama's policies.
Fed survey: Economy falters in several US regions - Yahoo! Finance (http://finance.yahoo.com/news/Fed-survey-Economy-falters-in-apf-1245068985.html?x=0&sec=topStories&pos=main&asset= &ccode - broken link)=
Man the news keeps on rolling in. GOP doesn't stand a chance.
(Please note sarcasm)
We need sweeping libertarian reforms in this country.
Try to contain your excitement. I guess a crappy economy is worth it if it ensures a GOP victory.
I'm all for it, but easier said than done! The problem I am seeing is that Libertarians tend to get lumped together with Republicans, or what tends to pass for the Republican party. Plus, the people that DO get out and vote would actually have to think for themselves, and not just vote for a candidate because they are A) the lesser of two evils, B) either has a D or and R in front of their name, or C) they buy into the spin delivered my one of the partisan media outlets. Then there is the issue of those (and there are FAR to many of them) that don't get out and vote!
Joe Liberman doesn't get lumped with the Republicans.
He votes with the Progressive more than not.
You never did answer the question, what policies did Democrats implement in 2007 (which Bush could have vetoed) that made the economy collapse the very same year?
A quick google took me to a load of bills that got right to work on.
Several on housing
Some on unemployment benefits
Fair wage act.
Tell this lie to the 11 plants/factories that have CLOSED DOWN since Obama took office in my hometown in Ohio.
All the workers lost their jobs, cars and most of them their homes also.
Banks have lots full of cars from those people who lost their cars thanks to the Obama Stimu-LESS.
Yea, the recovery is working like a damn charm.
Record foreclosures what 23 months in a row?
Record bankruptcies what 13 months in a row?
Yup, its working so great.
From 28% on foods stamps to 40% under Obama, yup something is working out great.
From 30% on government assistance before Obama to now 45% on government assistance.
800 billion dollars STOLEN by Obama from us who pay taxes with nothing to show for it.
Prices for oil, food, electric, gas, taxes all going up stealing even more of our money under Obama.
Everything is looking up.
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Are you telling me though that raising it during an economic collapse was good sound policy?
