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Those charts don't back up your previous statement.
List Obama's policies that add 1.3+ trillion (this year) to the deficit, as your chart suggests.
This is at least the 3rd different time I've asked you - you always dodge (or tuck tail and run).
Last edited by compJockey; 07-05-2009 at 06:11 PM..
For some reason, people with no training in economics whatsoever feel perfectly justified in their "opinions" on the economy. Especially if it offers yet another chance to trash Obama.
Ask seven economists the same question and you'll get eight answers.
This country is reeling from 8 years of inept, ineffective, wasteful village idiot "leadership." Every state is in an economic free-fall except his home state of TX. The country is in a free-fall and it will take longer than a few months to undo the damage. Get real!
Republicans had 8 years and did nothing but spend a trillion dollars on a failed ideological war and create an environment for failure here at home spanning every domestic category (economy, health care, jobs, infrastructure, crime, and so forth).
Obama is doing a fine job...and don't you forget it.
Obama is doing a fine job...and don't you forget it.
It's hard to do that with the enonomic numbers coming out, the "promises" obama made to get his stimulus passed and just recently, Biden and obama admitting they were wrong on the numbers.
Now, how can anyone think that is doing a "fine job"?
It's hard to do that with the enonomic numbers coming out, the "promises" obama made to get his stimulus passed and just recently, Biden and obama admitting they were wrong on the numbers.
Now, how can anyone think that is doing a "fine job"?
C'mon Sanrene, list Obama's policies that have grown the deficit by more than 1.3 trillion.
Or do you really not know anything other than the numbers the chart shows us?
Because I've explained it to you, previously.
Willfully ignorant?
It's probably surprising that even more jobs haven't been lost in the last months.
Business people are concerned about govt actions and the uncertainty of what is coming next.
Quote:
Obama Fanning War on Business, Corporate Heads Worry
Relations between President Barack Obama and U.S. corporate leaders have grown tense in recent weeks, with business groups bristling over his sharp rebukes of lenders and multinational companies in particular.
Friday, May 15, 2009 9:04 AM
Moneynews - Obama Fanning War on Business, Corporate Heads Worry (http://moneynews.newsmax.com/headlines/obama/2009/05/15/214691.html - broken link)
Quote:
Making war on business is no way to stimulate an economy. But read between the lines of President Barack Obama's address to Congress and you find a battle plan for a broad attack on industrial America.
His proposals reflect a stunning disregard for the impact of government policies on economic output and a clear preference for jobs created by government spending rather than private investment. Editorial: Obama can't win war on business | detnews.com | The Detroit News (http://www.detnews.com/apps/pbcs.dll/article?AID=/20090226/OPINION01/902260349/1008 - broken link)
Quote:
An adviser to Treasury Secretary Geithner, .........compensation practices ..........not just for the financial services industry.“
...........But where does it end? We will have a law 3 years from now that says company executives can’t make over 1 million a year, ............It’s not that we disapprove of the rhetoric now, it’s the slippery slope our government is climbing, as we slowly inch closer and closer into full blown government control of every aspect of the private sector. Obama Administration Continues “War on Business” « Are You An Obamulist? (http://obamulist.com/2009/06/11/obama-administration-continues-war-on-business/ - broken link)
Quote:
this war on capitalism is carried out as a war on business and industry: a concerted effort to take the reigns of the economy out of the hands of the people and place them in the hands of the government. According to Charles Krauthammer, this blitzkrieg on freedom has already “destroyed a third of this nation’s wealth,” and Obama’s zeal for the cause portends even greater loss in the near future. Obama’s War on Capitalism - HUMAN EVENTS
Quote:
Obama leads the attack on his real enemy, the creators of wealth, the capitalists and the hard-working taxpayers of America. Obama's War On Wealth - Business Exchange
Quote:
Obama’s team is riding roughshod over bond contracts, over any private-property contracts. They are riding roughshod over shareholders. They have a complete disregard for investors, and this is very bad. It is going to create a reluctance to invest. ......... Kudlow's Money Politic$: Larry Kudlow Resists Obama's War on Capitalism -- Interview
Nearly $70 billion of the just-enacted $787 billion economic recovery plan reflected the bookkeeping cost of adjusting the alternative tax for a year.
The White House budget office calculates that over the next decade, the tax would add $1.2 trillion in revenues. But Mr. Obama is not counting those revenues, and he is adding $218 billion to the 10-year deficit projections to reflect the added interest the government would pay for its extra debt.
As for war costs, Mr. Bush included little or none in his annual military budgets, instead routinely asking Congress for supplemental appropriations during the year. Mr. Obama will include cost projections for every year through the 2019 fiscal year to cover “overseas military contingencies” — nearly $500 billion over 10 years.
For Medicare, Mr. Bush routinely budgeted less than actual costs for payments to physicians, although he and Congress regularly waived a law mandating the lower reimbursements for fear that doctors would quit serving beneficiaries in protest.
Mr. Obama will budget $401 billion over 10 years for higher costs and interest on the debt.
He will also budget $273 billion in that period for natural disasters. Every year the government pays billions for disaster relief, but presidents and lawmakers have long ignored budget reformers’ calls for a contingency account to reflect that certainty.
First, lets even up the equation.
Your chart says about $0.45 trillion for Bush and $1.85 trillion for Obama.
Of course, Obama's number includes the Wars cost.
Would you like me to add to Bush's or subtract that from Obama's number?
This would be the first step in being able to compare those two numbers.
Starting to see why that chart is misleading you?
In total, $2.7 trillion "new spending" (its not new, its just on the budget for the first time) over the next 10 years is simply transparency. Putting things on the budget that should be there. That 2.7 trillion in Honesty costs is about a full 1/3 of the expected increase in debt you right wingers love to attribute to Obama.
Again, that is not new spending.
You do realize those numbers are shot to sh*t now, don't you?
Have you not been paying attention?
The calculations obama and his "uniquely qualified" team used were grossly out of wack - something the CBO and Blue Chip Economists told everyone - the old "rosy scenario" numbers.
Just today Biden admitted they "misread the economy" along with everybody else, trying to mitigate the fact that they have been absolutely, 100% WRONG so far.
Many, many people were highlighting their use of cooked numbers, but they went ahead anyway.
What they did with the stimulus and his budget and made instead made a dire situation even worse than predicted.
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