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View Poll Results: Did 'we and everyone else misread the economy,” as Biden asserts?
Yes 6 13.64%
No - but Biden and Obama did 24 54.55%
No - but Bernanke and Geithner did 7 15.91%
No - but 'There was a misreading of just how bad' a vice president we inherited 7 15.91%
Voters: 44. You may not vote on this poll

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Old 07-07-2009, 07:16 AM
 
Location: Charlotte, NC
3,564 posts, read 5,516,810 times
Reputation: 1497

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Quote:
Originally Posted by padcrasher View Post
Everybody but Krugman and a few progresive liberals.

We posted on this board that the stimulus was not big enough mainly because it had been watered down with needless tax cuts to placate the right. Spineless Dems...they will not hold their ground and let the right ruin the stimulus.

It was watered down? Then why have the dems only spent about 10% of it?
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Old 07-07-2009, 07:17 AM
 
Location: Charlotte, NC
3,564 posts, read 5,516,810 times
Reputation: 1497
Quote:
Originally Posted by odanny View Post
All I know is the Bush/Cheney cabal left a trainwreck economically that the entire WORLD has felt.

To think this economic tsunami of debt left over from 8 years of malfeasance is going to somehow cure itself is pure fantasy, it requires massive stimulus or we end up with another Depression. We have Herbert Hoover to show us how cutting spending will end up for the country. We have FDR to remind us how investment in America can jump start a recovery. The Depression lasted for a decade, this is not going to be a quick fix.

You're right. There's no way that debt by itself could cure itself. Lets see....lets just triple it. That'll fix her.
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Old 07-07-2009, 07:18 AM
 
Location: Charlotte, NC
3,564 posts, read 5,516,810 times
Reputation: 1497
Quote:
Originally Posted by padcrasher View Post
What gets me is that you have no earthly clue what you are talking about. We are talking about getting the economy out of a slump and you are talking about balancing the budget!!!! LOL

ANY ECONOMIST whether they be Keynesian and Chicago School will tell you balancing the budget is not helpful during a downturn.!!!!

The ignorance on this board is mindboggling!
Only for ignorant people.
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Old 07-07-2009, 07:24 AM
 
Location: Charlotte, NC
3,564 posts, read 5,516,810 times
Reputation: 1497
Quote:
Originally Posted by padcrasher View Post
As I said back in February...The wingers would insist on measures that would ruin the bill....too small....to many tax cuts....then turn around and not vote for the bill..........Then blame the Dems when it fails....LOL

Dems got taken again by a minority of Americans so hateful they would rather see the Country fail than lose to Democrats.

Why dont you answer how its too small? The current dumbasses in office (D) have only spent 10% of the "stimulus". If it was soooo important to get it rushed through without anyone reading it, and there were soooo many "shovel ready projects". How is it the reps fault if your BFFs arent spending the money?
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Old 07-07-2009, 07:47 AM
 
4,538 posts, read 4,813,430 times
Reputation: 1549
Quote:
Originally Posted by Icy Tea View Post
Obama and Biden misread just how bad they could hurt the economy.
Yeah, and Bush and Cheney 'mis-underestimated' the way their actions would hurt the economy.
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Old 07-07-2009, 07:50 AM
 
24,417 posts, read 23,076,143 times
Reputation: 15024
52% approval rating for Obama, 47% disapproval according to Rasmussen.
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Old 07-07-2009, 10:14 AM
 
3,153 posts, read 3,595,106 times
Reputation: 1080
"The truth is everyone had the same intellegence concerning WMD's in Iraq including the Clinton Administration...." (way too many credible sources to merely quote only one) See the common thread here?? Anyone..anyone..Bueller..Bueller??
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Old 07-07-2009, 11:01 AM
 
5,696 posts, read 6,209,672 times
Reputation: 1944
Quote:
Originally Posted by KRAMERCAT View Post
“The truth is, we and everyone else misread the economy,” confessed Biden.

Raw Story » Biden: ‘We misread how bad the economy was’ (http://rawstory.com/08/news/2009/07/05/biden-we-misread-how-bad-the-economy-was/ - broken link)


what a crock
they have been screaming this is the worst economy since the great depression!!!
they are clearly out of touch and out of control
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Old 07-07-2009, 11:15 AM
 
10,545 posts, read 13,588,653 times
Reputation: 2823
Quote:
Originally Posted by georgia dem View Post
what a crock
they have been screaming this is the worst economy since the great depression!!!
they are clearly out of touch and out of control
Yeah, what they misread was how effective the stimulus would be.
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Old 07-08-2009, 05:35 AM
 
Location: On the Ohio River in Western, KY
3,387 posts, read 6,629,731 times
Reputation: 3362
Quote:
Originally Posted by Dukester View Post
You neoCONS are really good with those number ain't ya..? It took 8 years for the Republicans to railroad this economy it's going to take longer than 6 months to turn it around... I hope Obama puts another trillion or so towards another stimulus package as economist have suggested.

Are you F'in serious!?

Where do you suggest we get that trillion from anyway? We can't borrow it from other countries, since we have a negative credit score with them, so it will come from the people. Frankly, you can pay it, I don't want MY money to be pissed away on stupid crap like another pork laden "stimulus" that did NO ONE (besides businesses) any good.
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