U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Politics and Other Controversies
 [Register]
Please register to participate in our discussions with 1.5 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Jump to a detailed profile or search
site with Google Custom Search

Search Forums  (Advanced)
Business Search - 14 Million verified businesses
Search for:  near: 
Reply Start New Thread
 
Old 10-31-2008, 11:22 AM
 
551 posts, read 498,535 times
Reputation: 188
Default FACTS - The Economy Under Bush and Then Under Democratic Congress

A few facts:

President George Bush has been in office for 7 1/2 years. The first six the economy was fine.

A little over one year ago:

1) Consumer confidence stood at a 2 1/2 year high
2) Regular gasoline sold for $2.19 a gallon
3) The unemployment rate was 4.5%
4) The DOW JONES hit a record high--14,000
5) Americans were buying new cars, taking cruises, vacations overseas, living large!

But Americans wanted 'CHANGE'! So, in 2006 we voted in a Democratic Congress and yes--we got 'CHANGE' all right. In the PAST YEAR:

1) Consumer confidence has plummeted
2) Gasoline was over $4 a gallon just a month ago
3) Unemployment is up to 6.1% (a 35.5% increase!)
4) Americans have seen their home equity drop by $12 TRILLION DOLLARS (and prices are still dropping)
5) 2% of American homes are in foreclosure.
6) THE DOW is probing new lows every other session....

$3.5 TRILLION DOLLARS HAS EVAPORATED FROM STOCKS, BONDS & MUTUAL FUNDS INVESTMENT PORTFOLIOS!

The President has no control over any of these issues, only Congress. And, what has Congress done in the last two years? Absolutely nothing to prevent it. Why? Because Democrats love misery, and they love to spread it around.

On October 31, 2006, a CBS/New York Times poll showed that Congress had a 29% Approval Rating*


On October 13, 2008, a CBS/New York Times poll showed that Congress had a 12% Approval Rating*...and this is a Congress that is 100% CONTROLLED By Democrats.

*(Source: Congress: Job Ratings)
Reply With Quote Quick reply to this message

 
Old 10-31-2008, 03:29 PM
 
4,586 posts, read 3,229,061 times
Reputation: 931
You're right...Bush had nothing to do with the wars, economic crisis, our standing diplomatically around the world, failing infastructure, rising energy costs or anything..Matter of fact, it's all Kermit the Frogs fault..He should of let Big Bird run things.. I hear Bird's a veto machine..He never let cookie monster eat all the snacks
Reply With Quote Quick reply to this message
 
Old 10-31-2008, 03:30 PM
 
Location: Texas
12,955 posts, read 5,995,539 times
Reputation: 5965
Default Fact

Bushie-boy blew it.

The Dubyites can't handle the reality of it all.
Reply With Quote Quick reply to this message
 
Old 10-31-2008, 03:30 PM
 
Location: Albemarle, NC
7,730 posts, read 8,664,007 times
Reputation: 1439
http://img259.imageshack.us/img259/6694/stlouisfedfedfunds50860qh4.png (broken link)
Reply With Quote Quick reply to this message
 
Old 09-24-2009, 01:10 PM
 
2 posts, read 39,216 times
Reputation: 13
Default This is not fiction...

fandecande--"It's like a lick of ice cream...with a brain freeze if you want"

fandecande

America. My God, the word means so much. We were a beacon of hope…a shining example to the downtrodden masses around the globe who dreamed and yearned for this land where hard work got you a house in a safe neighborhood and two working cars (and freedom of speech, freedom of religion, and freedom to shop at the mall). Then Bush came along and disgraced our country by recreating the Vietnam War in Iraq.

At the time of writing, the Iraq War costs us approximately $700 billion…which also happens to be the same price-tag Paulson put on the first bailout for his banker buddies.

‘Cause none of those greenbacks made it to the people on Main Street when the subprime jack-in-the-box sprung up on Wall Street. Those MFs had pension plans, 401ks and home values all rolled into one ball of wax, and then they bet it all on “subprime” lendees’ abilities to pay back the loans on houses they couldn’t afford.

There was also the surprise of the mortgage with the escalating interest rate that could double and even triple in value. Meaning, a 4% interest rate could become 8%, and then 12%…and that’s when the “subprime” lendees threw the keys in their mailboxes, and abandoned the homes they couldn’t afford. Banks and lending offices were taking anybody who walked through the door, literally. No proof of job, no nothing. Just sign here and off you go to your patio in the back of your new 4-bedroom house, which may in the future lose 30% of its value when the Real Estate Boom goes…Bust!

The Dow lost over half its value, from a high of roughly 14,000 in October 2007 to roughly 6,600 in March 2009. Venerable financial firms crumbled like shale being drilled for oil.

“Down goes Lehman Brothers!” (You gotta do it in Howard Cossel’s voice for the full effect. It’s more fun that way.)

“Down goes Bear Stearns…oh, oh no!…Mer-awl L’nch is-on-the…ropes. But seemingly like a Deus-ex-Machina from the heavens, Bank of Am…eric-ah…steps in to claim the wayward bank.”

I mean, we saw the biggest bank failure in United States history (WaMu) and the biggest corporate collapse (AIG). General Motors also waved the white flag when they saw all the kingdom’s drivers not being able to afford the $3-4 a gallon gas the oil companies were ransoming. We people sure as hell weren’t going to buy an SUV that got 13 miles to the gallon. So Detroit (Ford and Chrysler, too) took a handout, from us taxpayers who couldn’t afford to drive their inefficient cars anymore.

The credit markets seized up, nobody was lending. Nobody. Nobody but the Federal Reserve…lending our tax dollars to the banks who put us in this mess. It ain’t right what happened, but I sure don’t want to see the whole thing come tumbling down. Prop up the banks until they can walk on their own, but once they can they should be lending the money back to the people who bailed the banks out in the first place.

Bush did more damage than hurricane Katrina. Worse yet, he didn’t clean up his own mess. He left it all for Barack Obama to sort out.

And that’s where we begin our story…




Quote:
Originally Posted by Undeader View Post
A few facts:

President George Bush has been in office for 7 1/2 years. The first six the economy was fine.

A little over one year ago:

1) Consumer confidence stood at a 2 1/2 year high
2) Regular gasoline sold for $2.19 a gallon
3) The unemployment rate was 4.5%
4) The DOW JONES hit a record high--14,000
5) Americans were buying new cars, taking cruises, vacations overseas, living large!

But Americans wanted 'CHANGE'! So, in 2006 we voted in a Democratic Congress and yes--we got 'CHANGE' all right. In the PAST YEAR:

1) Consumer confidence has plummeted
2) Gasoline was over $4 a gallon just a month ago
3) Unemployment is up to 6.1% (a 35.5% increase!)
4) Americans have seen their home equity drop by $12 TRILLION DOLLARS (and prices are still dropping)
5) 2% of American homes are in foreclosure.
6) THE DOW is probing new lows every other session....

$3.5 TRILLION DOLLARS HAS EVAPORATED FROM STOCKS, BONDS & MUTUAL FUNDS INVESTMENT PORTFOLIOS!

The President has no control over any of these issues, only Congress. And, what has Congress done in the last two years? Absolutely nothing to prevent it. Why? Because Democrats love misery, and they love to spread it around.

On October 31, 2006, a CBS/New York Times poll showed that Congress had a 29% Approval Rating*


On October 13, 2008, a CBS/New York Times poll showed that Congress had a 12% Approval Rating*...and this is a Congress that is 100% CONTROLLED By Democrats.

*(Source: Congress: Job Ratings)
Reply With Quote Quick reply to this message
 
Old 09-24-2009, 03:41 PM
 
Location: Highland, CA (formerly Newark, NJ)
6,183 posts, read 2,243,471 times
Reputation: 2150
Quote:
Originally Posted by Undeader View Post
A few facts:

President George Bush has been in office for 7 1/2 years. The first six the economy was fine.

A little over one year ago:

1) Consumer confidence stood at a 2 1/2 year high
2) Regular gasoline sold for $2.19 a gallon
3) The unemployment rate was 4.5%
4) The DOW JONES hit a record high--14,000
5) Americans were buying new cars, taking cruises, vacations overseas, living large!

But Americans wanted 'CHANGE'! So, in 2006 we voted in a Democratic Congress and yes--we got 'CHANGE' all right. In the PAST YEAR:

1) Consumer confidence has plummeted
2) Gasoline was over $4 a gallon just a month ago
3) Unemployment is up to 6.1% (a 35.5% increase!)
4) Americans have seen their home equity drop by $12 TRILLION DOLLARS (and prices are still dropping)
5) 2% of American homes are in foreclosure.
6) THE DOW is probing new lows every other session....

$3.5 TRILLION DOLLARS HAS EVAPORATED FROM STOCKS, BONDS & MUTUAL FUNDS INVESTMENT PORTFOLIOS!

The President has no control over any of these issues, only Congress. And, what has Congress done in the last two years? Absolutely nothing to prevent it. Why? Because Democrats love misery, and they love to spread it around.

On October 31, 2006, a CBS/New York Times poll showed that Congress had a 29% Approval Rating*


On October 13, 2008, a CBS/New York Times poll showed that Congress had a 12% Approval Rating*...and this is a Congress that is 100% CONTROLLED By Democrats.

*(Source: Congress: Job Ratings)
Having formerly worked as a driver in this time span who had to pay for his own gas, I can tell you that's a crock of dung. And aren't those who are always bragging about the Reaganomics always saying you should wait for a few years to completely judge the effectiveness of an administration's economics? Draw a line somewhere for Christ's Sake
Reply With Quote Quick reply to this message
 
Old 09-26-2009, 07:33 AM
 
820 posts, read 456,407 times
Reputation: 198
Quote:
Originally Posted by Undeader View Post
A few facts:

President George Bush has been in office for 7 1/2 years. The first six the economy was fine.

A little over one year ago:

1) Consumer confidence stood at a 2 1/2 year high
2) Regular gasoline sold for $2.19 a gallon
3) The unemployment rate was 4.5%
4) The DOW JONES hit a record high--14,000
5) Americans were buying new cars, taking cruises, vacations overseas, living large!

But Americans wanted 'CHANGE'! So, in 2006 we voted in a Democratic Congress and yes--we got 'CHANGE' all right. In the PAST YEAR:

1) Consumer confidence has plummeted
2) Gasoline was over $4 a gallon just a month ago
3) Unemployment is up to 6.1% (a 35.5% increase!)
4) Americans have seen their home equity drop by $12 TRILLION DOLLARS (and prices are still dropping)
5) 2% of American homes are in foreclosure.
6) THE DOW is probing new lows every other session....

$3.5 TRILLION DOLLARS HAS EVAPORATED FROM STOCKS, BONDS & MUTUAL FUNDS INVESTMENT PORTFOLIOS!

The President has no control over any of these issues, only Congress. And, what has Congress done in the last two years? Absolutely nothing to prevent it. Why? Because Democrats love misery, and they love to spread it around.

On October 31, 2006, a CBS/New York Times poll showed that Congress had a 29% Approval Rating*


On October 13, 2008, a CBS/New York Times poll showed that Congress had a 12% Approval Rating*...and this is a Congress that is 100% CONTROLLED By Democrats.

*(Source: Congress: Job Ratings)
You're forgetting a couple key concepts.

It's the fault of the President in office unless the President in office represents your party and your views.

For instance, generally liberals and democrats want to blame Bush for all the economic woes. Regardless of how bad it gets now, since Obama is in office, it's still Bush's fault and at no point will it become Obama's fault nor will he have to take any responsibility.

Most people aren't smart enough to fully understand the implications of all the different legislation and rules that have put into place over the last 20 years so they generally resort to what they know.

"me democrat, we make no mistakes and republicans are always wrong. ugh ugh"

or

"me republican, we make no mistakes and democrats are always wrong. ugh ugh"
Reply With Quote Quick reply to this message
 
Old 10-09-2009, 04:24 PM
 
2 posts, read 39,216 times
Reputation: 13
Default You are upside down

Man, you don't know what you are talking about.

George W. Bush's policies (his Defense Dept., his SEC,) created a false war in Iraq that costs us $700 billion (and counting) and a financial meltdown that led to the $700 billion Bush/ Paulson bailout.

* There was no regulation of the subprime securities market under Bush. The irresponsible behavior from the Bush White House to Wall Street caused the Great Recession we are experiencing now.

Obama is cleaning up the mess that Bush left behind.

Your anger which should be directed at Bush is misdirected at Obama. You are so mistaken in your own mind you can't tell up from down.
Reply With Quote Quick reply to this message
 
Old 10-09-2009, 05:15 PM
 
Location: SARASOTA, FLORIDA
11,502 posts, read 8,143,306 times
Reputation: 4796
Quote:
Originally Posted by j333bass View Post
Man, you don't know what you are talking about.

George W. Bush's policies (his Defense Dept., his SEC,) created a false war in Iraq that costs us $700 billion (and counting) and a financial meltdown that led to the $700 billion Bush/ Paulson bailout.

* There was no regulation of the subprime securities market under Bush. The irresponsible behavior from the Bush White House to Wall Street caused the Great Recession we are experiencing now.

Obama is cleaning up the mess that Bush left behind.

Your anger which should be directed at Bush is misdirected at Obama. You are so mistaken in your own mind you can't tell up from down.

So when Obama spends more money on loser welfare bums ion 2010 then the ENTIRE IRAQ WAR cost what will you have to say?

My business flourished under Bush and when Nancy and Harry took over the business started to go down hill, I sold it and retired on it at an early age thanks to Bush.

The new owner of the business went from 27 employees I had to only 6 today thanks to the democratic controlled congress and tax the small business owner to death.

Now with the village idiot in control with this horrible group of demwits I can see her selling this business or closing it.

Sad that some people who have no clue about how the economy and small business works post such ridiculous crap.

Dems are anti small business and without it, 85% of our country is done and we will never recover from the mess this dem controlled congress did to us.

Facts are facts, the economy was just fine even with two wars and many disasters, Bush did a superb job even with all he had, since Nancy and Harry took over, look at the facts and now add in this moron in the WH and you can see where we are today and the hole we are going to be in.

If you did not make money under Bush then you are either not smart enough to see a good economy or you are a Burger King worker making min. wage and cannot wait for some free Obama money and stuff coming your way.
Reply With Quote Quick reply to this message
 
Old 10-09-2009, 05:16 PM
 
Location: Marietta, GA
7,679 posts, read 9,708,198 times
Reputation: 3202
Quote:
Originally Posted by j333bass View Post
George W. Bush's policies (his Defense Dept., his SEC,) created a false war in Iraq that costs us $700 billion (and counting) and a financial meltdown that led to the $700 billion Bush/ Paulson bailout.

* There was no regulation of the subprime securities market under Bush. The irresponsible behavior from the Bush White House to Wall Street caused the Great Recession we are experiencing now.

Obama is cleaning up the mess that Bush left behind.
Wow....do you work at ignorance or does it just come easy?

First, check out the Congressional vote on Iraq. The Congress overwhelmingly approved the "false war" in Iraq, and the contemporaneous rhetoric by the Democrats was that of approval and condemnation of Saddam. Also, how many times did the Democrats vote to stop funding the war and bring home the troops? Talk and political rhetoric are cheap.

Second, there was no less regulation of subprime or any banking under Bush than under Clinton, yet you fail to mention that Clinton lobbied for and supported the repeal of Glass-Steagal and for deregulation of the banking industry. If anything, Clinton's administration did far more to sow the seeds of what happened than Bush's did.

Obama is "cleaning up the mess that Bush left behind" ...um...yeah. How is he "cleaning up," by trying to take over the healthcare system and by raising taxes on most Americans? His foreign policy can barely be distinguished from Bush's, so what exactly is he "cleaning up?"
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Over $84,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Politics and Other Controversies
Similar Threads

All times are GMT -6.

© 2005-2014, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25 - Top