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Old 05-05-2012, 06:47 PM
 
Location: Unperson Everyman Land
38,625 posts, read 26,307,471 times
Reputation: 12635

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Quote:
Originally Posted by harborlady View Post
Honesty, this predates all of the above. These are the seeds of Reaganomics bearing supply side economic choked out fruit.

Expect anyone is going to own this think tank nightmare? Not on your life.


Good point harborlady!

That 8-9% annual increase in GDP, off the hook job market, restored USD, inflation adjusted $2.60/gal gasoline and doubling of federal revue was a disaster.

Glad that nightmare is over.

At least Democrats were there to increase spending over Reagan's veto.
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Old 05-05-2012, 06:54 PM
 
8,483 posts, read 6,917,744 times
Reputation: 1119
This whole Right vs Left paradigm is just a pointless ping-pong match.

http://www.youtube.com/watch?v=LPkUvfL8T1I
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Old 05-05-2012, 06:56 PM
 
Location: Northridge/Porter Ranch, Calif.
24,494 posts, read 33,228,746 times
Reputation: 7609
Quote:
Originally Posted by Ruth4Truth View Post
Don't forget the Bush Jr. tax cuts that dug the economy deeper into debt. Crucial element, that.
Not really a "crucial" element. Because tax cuts don't cause or add to a debt; overspending does.

And there is no "Bush Jr." There is a G.H.W. Bush (the elder) and a G.W. Bush.
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Old 05-05-2012, 07:01 PM
 
Location: Unperson Everyman Land
38,625 posts, read 26,307,471 times
Reputation: 12635
Quote:
Originally Posted by Ruth4Truth View Post
NEWS FLASH: if Bush Jr. hadn't screwed up so bad, Obama wouldn't have had to spend money on economic stimulus. If Bush Jr. hadn't started wars, Obama wouldn't have been stuck with winding them down.


Democrats before Iraq War started.... - YouTube


Since when can a president take America to war without Congressianal approval?


Oh yeah, that's right...

President Obama rejected the views of top lawyers at the Pentagon and the Justice Department when he decided that he had the legal authority to continue American military participation in the air war in Libya without Congressional authorization, according to officials familiar with internal administration deliberations.

http://www.nytimes.com/2011/06/18/wo...wers.html?_r=1
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Old 05-05-2012, 07:30 PM
 
Location: Unperson Everyman Land
38,625 posts, read 26,307,471 times
Reputation: 12635
Quote:
Originally Posted by Evenstar51 View Post
How true...the RW posts are so predictable and repetitive that we could write them ourselves. Funny that they completely ignore the many lies of Bush, and how the economy suffered due to the unnecessary war in Iraq
while the administration's cronies made obscene profits. Now they want to blame Obama while doing nothing to help. What's funny is that the GOP wants to complain, but has done nothing to help their fellow countrymen out. Deflect, deny and distort...simplistic thinking and useless in terms of
creating jobs and improving the economy. It's almost as if they'd rather claim that President Obama's a failure than consider the consequences of their actions on America's future.

Yawn...


"A CBS News investigation found that 80 percent of the $20.5 billion in Energy Department loans for “green†energy went to Mr. Obama’s top donors."

EDITORIAL: Obama's crony capitalism - Washington Times
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Old 05-05-2012, 08:26 PM
 
1,922 posts, read 1,742,479 times
Reputation: 798
Barney Frank deserves a large part of the blame.
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Old 05-05-2012, 08:33 PM
 
78,016 posts, read 60,221,209 times
Reputation: 49415
Quote:
Originally Posted by Kevdawgg View Post
Many believe that Obama was the cause for the deficit crisis. WRONG. Uneducated or uninformed believe Obama was the cause. Actually, Bush Jr. is to blame. First, with the spending for the wars in Afghanistan and in Iraq. Then, with all that bailout money to banks and private investors. When Bush Jr. started his presidency, the deficit was at 5 trillion, thanks to Reagan. After Bush Jr. left office, out deficit was at 12 trillion. Then, Obama had to spend money to help clean up the mess that Bush Jr. made.

If you think I'm baloney, please read this:

Obama Didn't Create Today's Budget Deficit Problem. Bush Did. | The New Republic
It predates Bush II as well. A number of presidents have contributed to it including such luminaries as Reagan and Clinton.

Also, the congresses during those presidencies were chock-full of R's and D's.

Anyone solely blaming one party for this is an ignorant partisan....I see many have already swarmed to the thread.
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Old 05-05-2012, 08:34 PM
 
Location: Area 51.5
13,887 posts, read 13,642,217 times
Reputation: 9172
Quote:
Originally Posted by Taratova View Post
The housing crisis was brought on by the democrats. As President Bush brought up legislation to be voted on and the democrats such as Barney Frank and Maxine Waters said that Fannie Mae and Freddie mac were in good shape..

the real facts are this.. Acorn leaned on banks to give mortgages through the legislation passed to low income people.. millions of low income people bought homes they could not afford and they never even made one payment on the mortgage. Then Bush had to bail the banks out because the low income people did not pay their mortgages.. So with some common sense who allowed this to happen?.. Bush tried to stop it three times with bills to curb the mortgage lending to low income families.. the democrats allowed this to take place.

listen to the truth coming out of the democrats. They pushed for the unsafe mortgage loans.


Democrats were WARNED of Financial crisis and did NOTHING - YouTube
Truer words were never spoken.
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Old 05-05-2012, 08:41 PM
 
Location: Area 51.5
13,887 posts, read 13,642,217 times
Reputation: 9172
Quote:
Originally Posted by Greg_IA View Post
Barney Frank deserves a large part of the blame.
Barney, Chrissy Dodd, and one of Barney's best buds, Franklin Raines.

The blame for the housing collapse lies completely on the shoulders of these three fools.
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Old 05-05-2012, 10:24 PM
 
Location: State of Transition
102,126 posts, read 107,381,087 times
Reputation: 115947
Quote:
Originally Posted by Fleet View Post
Not really a "crucial" element. Because tax cuts don't cause or add to a debt; overspending does.
In whose math? Don't you think both are factors? And guess what--if you cut revenues (tax cuts), you will find yourself having to overspend just to maintain the same level of services. Cut services and you end up cutting jobs and creating unemployment, which raises the demand for unemployment insurance, which further taxes the budget. Who in their right mind would cut taxes??! We all know Reagan was becoming senile when he came up with that brilliant idea. And btw, check your history book. Deficit spending has been a permanent feature of the economy since FDR, and most of the administrations have been Republican. If it's such a big issue to the GOP, why didn't they address it during the Eisenhower, Nixon, Reagan or Bush I & II administrations?

"There is no Bush Jr." haha--that's funny. Did you really think we thought that's what his name was? It's shorthand for "the intellectually handicapped one".
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