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Old 04-20-2012, 08:23 AM
 
Location: Metro West- Boston, MA
9,607 posts, read 3,468,281 times
Reputation: 3696

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Quote:
Originally Posted by MTAtech View Post
Obama's job growth record is far better than Bush's. There was only job losses in all of 2008.
So what exactly did Bush do to cause those job losses? Please cite specifically which Bush policies are to blame, when they were enacted, and who controlled Congress at those times.
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Old 04-20-2012, 08:32 AM
 
14,035 posts, read 4,331,595 times
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Quote:
Originally Posted by Rick Roma View Post
So what exactly did Bush do to cause those job losses? Please cite specifically which Bush policies are to blame, when they were enacted, and who controlled Congress at those times.
The main one was deregulating the financial industry and appointing watchdogs that didn't watch.

You can read an article in the Times that discusses it:

Quote:
...in Washington and on Wall Street, the debate has already begun. And while economists and other experts say there are plenty of culprits: Democrats and Republicans in Congress, the Federal Reserve, an overzealous home-lending industry, banks, and also Bush's predecessor, Bill Clinton - they do agree that the Bush administration bears part of the blame.

These experts, from both political parties, say Bush's early personnel choices and overarching antipathy toward regulation created a climate that, if it did not trigger the turmoil, almost certainly aggravated it. The president's first two Treasury secretaries, for instance, lacked the kind of Wall Street expertise that might have helped them raise red flags about the use of complex financial instruments at the heart of the crisis.
...
voices inside the administration who favored tougher policing of Wall Street found themselves with few supporters. William Donaldson, a former Wall Street executive with respected Republican credentials who became chairman of the Securities and Exchange Commission under Bush, quit in 2005 after facing resistance from the White House and Republican members of the panel, who criticized his support for stiffer regulations on mutual funds and hedge funds.

Today, even those sympathetic to Bush say he cannot disentangle himself from a home-lending industry run amok or a banking industry that mortgaged its future on toxic loans.

"The crisis definitely happened on their watch," said Kenneth Rogoff, a professor of economics at Harvard University who advises the Republican presidential candidate John McCain. "This is eight years into the Bush administration. There was a lot of time to deal with it."
...
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Old 04-20-2012, 08:38 AM
 
Location: Warren County and loving it!
5,044 posts, read 4,459,536 times
Reputation: 2474
One thing I have learned over the years is when you point your finger at someone else there are three more pointing back at you.
Another thing is you never want to take over a good department or company or what's ever, only a bad one because all you can do is go up. Obama has proven that one wrong though.
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Old 04-20-2012, 08:39 AM
 
14,035 posts, read 4,331,595 times
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Quote:
Originally Posted by Rick Roma View Post
If Obama disagrees with the Bush tax cuts so much then why did he extend them thereby making them the Obama tax cuts?
Can't remember all the way back to December 2010,when Obama was held hostage over extending unemployment benefits?

Republicans got an extension of all the Bush tax cuts, including those for the wealthy. Mr. Obama got unemployment benefits extended; a temporary cut in the payroll tax; and tax breaks for investment. (Incidentally: how, exactly, did we get to the point where Democrats must plead with Republicans to accept lower corporate taxes?)
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Old 04-20-2012, 08:42 AM
 
Location: Metro West- Boston, MA
9,607 posts, read 3,468,281 times
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Quote:
Originally Posted by MTAtech View Post
The main one was deregulating the financial industry and appointing watchdogs that didn't watch.

You can read an article in the Times that discusses it:


Democrats were WARNED of Financial crisis and did NOTHING - YouTube
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Old 04-20-2012, 08:45 AM
 
Location: Metro West- Boston, MA
9,607 posts, read 3,468,281 times
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Quote:
Originally Posted by MTAtech View Post
Can't remember all the way back to December 2010,when Obama was held hostage over extending unemployment benefits?

Republicans got an extension of all the Bush tax cuts, including those for the wealthy. Mr. Obama got unemployment benefits extended; a temporary cut in the payroll tax; and tax breaks for investment. (Incidentally: how, exactly, did we get to the point where Democrats must plead with Republicans to accept lower corporate taxes?)
So, IOW, Obama is too weak and ineffective to get anything he wants without consenting to something that he thinks is terrible. LMMFAO at held hostage.....
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Old 04-20-2012, 08:50 AM
 
57,973 posts, read 29,526,343 times
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Quote:
Originally Posted by Hadoken View Post
Yes, and we know why. Job growth under Bush was poor, even before the financial collapse that he allowed to occur by letting Lehman Brothers collapse. When Obama took office, the economy was dying, and Obama immediately turned it around, over republican objections. And then Americans, for some stupid reason, put the tea party in charge of congress, and they've been throwing a childish tantrum ever since, which is why no further progress has been made.
Wrong, the economic collapse ended well before Obama took the oath of office.
Quote:
Originally Posted by Hadoken View Post
But again, if you're claiming that Obama can't blame Bush for the financial collaps, then you can't blame Obama for anything without being a hypocrite.
Um, I didnt blame Obama for the collapse.
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Old 04-20-2012, 08:51 AM
 
57,973 posts, read 29,526,343 times
Reputation: 7341
Quote:
Originally Posted by skoro View Post
Three things:

1) Please take look at the Business Insider link I posted.

2) Do you grasp what caused the tremendous job losses in 2008-09?

3) Do you deny the job growth since then?
1) I did
2) Yes, its called an economic recession
3) Its called an economic business cycle. Job growth always takes place after #2 above..

Didnt you guys ever go to school to study these things?
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Old 04-20-2012, 08:53 AM
 
57,973 posts, read 29,526,343 times
Reputation: 7341
Quote:
Originally Posted by MTAtech View Post
The main one was deregulating the financial industry and appointing watchdogs that didn't watch.

You can read an article in the Times that discusses it:
More liberals just making things up because Bush didnt deregulate the financial industry, and he tried numerous times to tighten up credit. All 13 times DEMOCRATS opposed the actions and you know this because you've been told this before.
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Old 04-20-2012, 08:55 AM
 
57,973 posts, read 29,526,343 times
Reputation: 7341
Quote:
Originally Posted by MTAtech View Post
Can't remember all the way back to December 2010,when Obama was held hostage over extending unemployment benefits?

Republicans got an extension of all the Bush tax cuts, including those for the wealthy. Mr. Obama got unemployment benefits extended; a temporary cut in the payroll tax; and tax breaks for investment. (Incidentally: how, exactly, did we get to the point where Democrats must plead with Republicans to accept lower corporate taxes?)
Wrong.. Obama himself said they needed to extend the tax cuts because raising taxes at that time would have undone all of the growth we've hade.

Dont you ever get tired of just making things up to defend incompetence?
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