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Old 03-05-2013, 06:48 PM
 
Location: Old Bellevue, WA
18,782 posts, read 17,364,082 times
Reputation: 7990

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I find a Hoover-FDR, Bush-Obama comparison interesting and worth a look. Rex Tugwell, top aide to FDR, admitted in his later years that FDR lifted most of his economic policy from Hoover.
The Great Depravity - The Concord Square

Quote:
“We didn’t admit it at the time, but practically the whole New Deal was extrapolated from programs Hoover started,” admitted Rexford Tugwell.

I think that there is an amazing parallel between Bush and Obama. Bush ballooned the debt, Obama did it x3. Bush did Medicare part D, Obama did Obamacare.
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Old 03-05-2013, 06:57 PM
 
Location: Old Bellevue, WA
18,782 posts, read 17,364,082 times
Reputation: 7990
Quote:
Originally Posted by jojajn View Post
That new debt is actually compounding interest on the bill Bush racked up.

You're joking, right? Interest accounts for about 7% of federal spending. Of every federal dollar spent 46 cents is now borrowed.

Report: United States Now Borrowing 46 Cents of Every Dollar It Spends | JONATHAN TURLEY

You're joking or hallucinating; I hope for your sake it is the former.
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Old 03-05-2013, 07:07 PM
 
Location: Wisconsin
37,982 posts, read 22,157,422 times
Reputation: 13806
Quote:
Originally Posted by jojajn View Post
That new debt is actually compounding interest on the bill Bush racked up.
not sure where you get those figures from, there is no way 0bama was suddenly paying over a trillion a year in payments on the debt. The interst payments on the national debt are about the same now as they were under the entire Bush presidency.

2000 - $361 billion
2001 - $359 billion
2002 - $332 billion
2003 - $318 billion
2004 - $321 billion
2005 - $352 billion
2006 - $405 billion
2007 - $429 billion
2008 - $451 billion
2009 - $383 billion
2010 - $413 billion
2011 - $454 billion
2012 - $359 billion

Government - Interest Expense on the Debt Outstanding
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Old 03-05-2013, 07:18 PM
 
26,498 posts, read 15,079,792 times
Reputation: 14655
Quote:
Originally Posted by Chimuelojones View Post
  • Clinton - Balanced the budget and even had a surplus - The left cheers and applauds him
  • Bush - blows out the budget, creates $2 trillion in debt in 4 years - The left jeers and calls him irresponsible
  • 0bama -Inherits a blown buget, runs up $6 trillion in debt in 4 years - The left understand what he he had to work with
This is probably closer to what Leftys believe.
You don't honestly believe that do you?

#1 The national debt has risen every single year since 1957...In my mind you can't have a "surplus" if the national debt is rising.

Per the US Treasury website: Government - Historical Debt Outstanding – Annual

#2 It was the 1994 GOP contract with America that won the House based on promising a balanced budget.

#3 In November 1994 after the GOP won the House promising a balanced budget, Clinton publicly said he "opposed" a balanced budget.

#4 In January of 1995, Clinton publicly stated that the House's plan to balance the budget was not a priority.

#5 Clinton's economists came out publicly opposing a balanced budget and chastised the GOP for trying to do so, as it would hurt the economy.

#6 The President by law is to submit a proposed budget to congress. Not one of Clinton's budgets passed. The budgets that were passed were from congress. Not one of Clinton's budgets that were proposed to congress were balanced. In fact Clinton's 1996 proposed budgets projected a deficit of $190 Billion up to 2005...the GOP said this was not good enough and threatened a shutdown of Government. How can Clinton get credit for a balanced budget when every single budget he submitted on paper had deficits and never passed?

#7 Clinton benefited from the Baby Boomers being in their peak spending years and a NASDAQ and Housing Bubble that increased government revenues (temporarily - Housing burst under Bush, NASDAQ burst in Clinton's final months).

Please explain to me how Clinton single handidly balanced the budget again?
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Old 03-06-2013, 04:48 AM
 
Location: 77441
3,160 posts, read 4,367,490 times
Reputation: 2314
Quote:
Originally Posted by Chimuelojones View Post
Seems GW Bush is making a come back.

On last night's Charlie Rose ...Joe Scarborough debates Paul Krugman on the debt and the deficit...
Joe Scarborough, Paul Krugman To Debate Debt On 'Charlie Rose'

Bush owns this economy for sqandering the Clinton era surplus by not shoring up Social Securityand Medicare.

Yesterday on The Jack Raccardi show KTSA Radio. Conservative/libertarian talk host says Bush is reason America is in the mess we are in.

there was no clinton era surplus. thats political talk for


"democrats are so stupid, we can tell them anything and they will parrot it"


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Old 03-06-2013, 05:27 AM
 
Location: Bella Vista, Ark
77,771 posts, read 104,756,288 times
Reputation: 49248
Quote:
Originally Posted by Grandpa Pipes View Post
This man is a stain on our history that will never be removed......

Why the GOP must come to terms with George W. Bush's disastrous presidency - Yahoo! News
And the Democrats have to come to terms with, he is no longer Pres, now the buck needs to stop at Obama's desk, would you agree?
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Old 03-06-2013, 05:40 AM
 
Location: Annandale, VA
5,094 posts, read 5,175,205 times
Reputation: 4233
Quote:
Originally Posted by Grandpa Pipes View Post
This man is a stain on our history that will never be removed......

Why the GOP must come to terms with George W. Bush's disastrous presidency - Yahoo! News

President Bush was a great president for the time. He was tough on terrorists and presided over a booming economy until the Democrats took over the Congress in 2007.
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Old 03-06-2013, 05:59 AM
 
7,214 posts, read 9,396,200 times
Reputation: 7803
The 2000's were a terrible time for many middle class Americans. Seeing neo-cons try to white wash the Bush presidency is pretty sickening.
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Old 03-06-2013, 06:05 AM
 
Location: Londonderry, NH
41,479 posts, read 59,791,864 times
Reputation: 24863
Default White wash

The Republicans are trying to make most Americans forget the oil price increases, loss of decent paying jobs and the endless vendettas created by the Bush Family. Unfortunately their efforts seem to be working.
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Old 03-06-2013, 06:10 AM
 
Location: Texas
38,859 posts, read 25,544,683 times
Reputation: 24780
Talking Many are the Bushbot apologists in this thread...

But I've learned that:

9/11 was Clinton's fault.

Afghanistan is Obama's fault.

Obama crashed the economy in 2008.

Bush got bin Laden in 2011, even though he closed down the CIA's bin Laden operation in 2005. Obama just approved the GOP operation to snuff him and deserves no credit.

Iraq was Clinton's fault and Obama only ended it by doing what Dubya told him to do.


That Dubya...

He did one heckuva job, boys!












The level of denial and self-delusion required to actually embrace these notions should qualify one for mental disability.

How about applying for some of that government hand-out, fellas. You've earned it.
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