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Both parties have had a hand in this mess. They are both equally corrupt big spenders.
This! I don't know when people in this country are going to finally wake up and take the damn partisan blinders off for once, and realize that they're ALL crooks on BOTH sides of the aisle!
Oh man, so because the Democrats had control for 2 years of Bush's 8 years in office, they are to blame? You guys think so backwards. Unreal.
Unreal? Your claim about 8 years is unfounded.
Try this:
"Publication: Business Wire
Date: Friday, January 4 2008
More Than 8.3 Million Jobs Created Since August 2003 In Longest Continuous Run Of Job Growth On Record
WASHINGTON -- Today, the Bureau of Labor Statistics released new jobs figures - 18,000 jobs created in December. Since August 2003, more than 8.3 million jobs have been created, with more than 1.3 million jobs created throughout 2007. Our economy has now added jobs for 52 straight months - the longest period of uninterrupted job growth on record. The unemployment rate remains low at 5 percent. The U.S. economy benefits from a solid foundation, but we cannot take economic growth for granted and economic indicators have become increasingly mixed. President Bush will continue working with Congress to address the challenges our economy faces and help facilitate long-term economic growth, job growth, and better standards of living for all Americans.
The U.S. Economy Benefits From A Solid Foundation
* Real GDP grew at a strong 4.9 percent annual rate in the third quarter of 2007. The economy has now experienced six years of uninterrupted growth, averaging 2.8 percent a year since 2001.
* Real after-tax per capita personal income has risen by 11.7 percent - an average of more than $3,550 per person - since President Bush took office.
* Over the course of this Administration, productivity growth has averaged 2.6 percent per year. This growth is well above average productivity growth in the 1990s, 1980s, and 1970s."
2 years I'll give you, not 8.
And Chi, why did you stop your chart at 2008? to show you are not biased you should show 2009, 2010 and 2011.
Last edited by Quick Enough; 10-25-2011 at 02:01 PM..
Now, the chances are pretty good that someone else who is closer to your political persuasion has already posted a graph of "Debt by President", and it is most likely total bullsh*t, because it probably doesn't consider that the 2009 budget, during the Obama administration, was written by Bush.
Barack Obama was sworn in on January 20th 2009, but his first budget did not take effect until October 1, 2009. When we break the debt up by the president who authorized it, it becomes clearer where the blame lies. 42.7% of it is from the Bush administration, 16.8% from the Obama administration.
This! I don't know when people in this country are going to finally wake up and take the damn partisan blinders off for once, and realize that they're ALL crooks on BOTH sides of the aisle!
This I do agree with. Having two polar opposite sides that each have obligations to different organizations/corporations can never work. I say do away with the two-party system, it has become corrupted and is no longer functional.
In words:
The Bush tax-cuts are the single most reason we have debt.
Any action to revert back to the Clinton Era tax-rates are filibustered by the Republicans and who control the House.
I disagree.
The Bush tax cuts grew the economy and paid down the deficit. During the Bush years, despite the 2000 Recession, the attacks on 9-11, the stock market scandals, Hurricane Katrina, and wars in Iraq and Afghanistan, the Bush Administration was able to reduce the budget deficit from 412 billion dollars in 2004 to 162 billion dollars in 2007, a sixty percent drop. In 2004 the federal budget deficit was 412 billion dollars. In 2005 it dropped to 318 billion dollars. In 2006 the deficit dipped to 248 billion dollars. And, in 2007 it fell below 200 billion to 162 billion dollars. During the Bush years the average unemployment rate was 5.2 percent (http://gatewaypundit.blogspot.com/2009/01/unemployment-reaches-highest-level.html - broken link), the economy saw the strongest productivity growth in four decades and there was robust GDP growth.
Not only were more jobs lost initially after the 9-11 attacks in 2001 than in the 2008 market crash, but more jobs were created (http://gatewaypundit.firstthings.com/2010/06/the-truth-bush-tax-cuts-created-more-jobs-than-the-obama-pelosi-spend-your-way-to-hell-plan/ - broken link) by President Bush’s pro-business policies and tax cuts than by the Obama-Pelosi “spend your way to hell†Keynesian failure
Oh, and Bush's brilliant team was working under the assumption that unemployment would be 4.9% in 2008 and 2009, and then fall to 4.8% in 2010, 2011, 2012, 2013.
They also have a little heading:
Quote:
An Unsustainable Path
These long-run budget projections shown in Table 13–2 illustrate that the budget is on an unsustainable path, although the expansion of the entitlement programs and the rise in the deficit unfold gradually.
So, yeah, Bush left the Obama administration a big steaming pile of poo for a budget.
Last edited by Cletus Awreetus-Awrightus; 10-25-2011 at 02:12 PM..
That blue arrow going DOWN under Clinton would be a REPUBLICAN controlled congress. That red line going UP drastically under Bush would be a DEMOCRAT controlled congress.
Oh man, so because the Democrats had control for 2 years of Bush's 8 years in office, they are to blame? You guys think so backwards. Unreal.
You need to go back to school and learn who spends the money in this country. Well, until end-run-around-congress decided to take control of the purse. And wars. We'll see where we end up after 2012.
Oh, and Bush's brilliant team was working under the assumption that unemployment would be 4.9% in 2008 and 2009, and then fall to 4.8% in 2010, 2011, 2012, 2013.
They also have a little heading:
So, yeah, Bush left the Obama administration a big steaming pile of poo for a budget.
Presidents don't write budgets. They just sign them.
As for the EPA shrinking - they are too powerful in this country and need to be reined in. That job killing agency is going to destroy this country.
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