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Anyone else find it funny that old "Mr. Tax-and-Spend-Liberal-Democrat-Marxist-Communist" Bill Clinton left his 2 terms in office with over a $560 billion dollar federal surplus, approval ratings in the high 60s, while Dumbya Boosh will leave office with a trillion dollar federal deficit and a devastated economy?
For 8 whole years in the 1990s, Repubs always claimed Bill Clinton was a communist (just like they claim Obama is now), shouting in bug-eyed hysterics "SOCIALISM!" and "MARXIST"!!
So if "Marxist communism" means smaller government, balanced budgets, federal surpluses, competent governance, and respect in the world, then what does that say about the "conservative principles" of the GOP posterboy George W. Bush and his "conservative" Republican Congress he had that helped him rack up spending and deficits?
Isn't this more proof that conservative Republicans--when you really get down to it--have no idea what they're babbling about?
Clinton did not leave a surplus. This is a total myth. Do some research on this. Learn the truth.
Besides, look at the debt Obama is piling up. One trillion pales in comparison.
Anyone else find it funny that old "Mr. Tax-and-Spend-Liberal-Democrat-Marxist-Communist" Bill Clinton left his 2 terms in office with over a $560 billion dollar federal surplus, approval ratings in the high 60s, while Dumbya Boosh will leave office with a trillion dollar federal deficit and a devastated economy?
For 8 whole years in the 1990s, Repubs always claimed Bill Clinton was a communist (just like they claim Obama is now), shouting in bug-eyed hysterics "SOCIALISM!" and "MARXIST"!!
So if "Marxist communism" means smaller government, balanced budgets, federal surpluses, competent governance, and respect in the world, then what does that say about the "conservative principles" of the GOP posterboy George W. Bush and his "conservative" Republican Congress he had that helped him rack up spending and deficits?
Isn't this more proof that conservative Republicans--when you really get down to it--have no idea what they're babbling about?
buess by the time obama leaves office, he will stick the USA with a 4 trillion dollar deficit.
also, please do not say clinton left a surplus, he did not as the USA still had a deficit.
Obama has started his term January 20, 2009 with Unemployment already at 8%. He had nothing to do with making it 8%. That was Bush.
Bush started in January 2001 with Unemployment at 4.2%. It was 8% when he left in Jan 2009. So where does Bush's 5.27% number come from?
It's probably an average rate for his entire 8 years ... but it's meaningless, considering that when he left, it was at it's highest point of 8%.
Even your own profile message "1/20/2009 - Destruction of US commences" is showing that you've already decided to be against Obama, and you will find every possible reason to hate him.
The man is taking on the greatest challenges of any president in modern history - two separate wars, and a global economic meltdown.
Obama is very intelligent and highly-educated man , and he is making the best decisions he can to revive the economy, using the best advice he can obtain.
Yes it will be costly to fix (i.e. trillions) ... but that should indicate to you exactly how incredibly bad the economic situation was when Bush left office.
No matter who became president in 2009, they would be facing the exact same challenges Obama is facing now.
If you want to blame someone, go back and blame Bush for letting the economic situation get this bad during his watch.
It was Bush that led us to a one trillion deficit, and Obama is now doing his best to go through the entire budget, line by line, and eliminate wasteful spending.
But the budget is already one trillion in the hole, and Obama can't simply change everything in government overnight to balance the budget.
Government operations need to continue, and new projects are needed to help millions of people go back to work. So we will need to spend even more money than we are spending now to create these new projects.
But a few years down the road, once most people are back to work and the economy is more stable, the deficit will gradually go down, as shown in your CBO / White House Projected Deficit chart above.
Sanrene ... you are spending way too much time on rightwing blogs (like the above) for your information.
I take it you know what an average is?
Avg it out - Bush and Clinton - virtually the same.
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So where does the 5.27% number come from?
I am amazed that one would have to ask this question. Where do you think the number comes from to represent 8 years of unemployment?
So you think you should just take the last three months of a presidency and that would be of any value at all.
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The man is taking on the greatest challenges of any president in modern history.
Utter, complete hogwash. You must not be a student of history or you are very young whose baseline started 10 years ago.
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Yes it will be costly to fix (i.e. trillions) ... but that should indicate to you exactly how incredibly bad the situation was when Bush left office.
I see you have been bamboozled. Never let a crisis go to waste - the motto of his chief of staff.
The stimulus, the budget - an opportunity to pass his liberal agenda of expanding the federal government - when it really wasn't necessary. We would have come out of the recession end of 2009 early 2010 ANYWAY, without any interference from the government. They took the opportunity to implement their massive tax and spend agenda.
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No matter who became president in 2009, they would be facing the exact same challenges Obama is facing now.
But they would have come at it differently.
Spending CUTS are necessary, not expanding the government.
Face it: liberals have now become the fiscal conservatives.
Conservatives are now just bible-thumpers.
And liberals became the ones who pushed for improved VA health care for vets and the new GI Bill while the Conservatives wanted to talk about school prayer, etc.
Bush handed Obama the wheel to an economy heading off a cliff, that is why the American people don't fault Obama for spending what he must to pull us back from the brink.
Utter, complete hogwash. You must not be a student of history or you are very young whose baseline started 10 years ago.
I see you have been bamboozled. Never let a crisis go to waste - the motto of his chief of staff.
The stimulus, the budget - an opportunity to pass his liberal agenda of expanding the federal government - when it really wasn't necessary. We would have come out of the recession end of 2009 early 2010 ANYWAY, without any interference from the government. They took the opportunity to implement their massive tax and spend agenda.
But they would have come at it differently.
Spending CUTS are necessary, not expanding the government.
I have lived through many presidencies, and the challenges Obama has taken on from day one, are the most difficult ones I can remember.
The last president to have a war handed to him was Nixon. I can't remember any president having two separate wars on their plate at the same time. And having a significant global economic meltdown, housing foreclosure crisis, and high unemployment on top of everything else.
"Never let a crisis go to waste" is not a negative thing, unless you choose to view it that way.
I believe he is saying that since the economic crisis will require major changes to resolve anyway, why not take the opportunity to make these changes for the better of the country in the long run.
It's like the old expression, if life deals you lemons ... make lemonade. Make something good out of something bad.
And regarding your view that this situation would have resolved itself ... I disagree. I think we were headed on the fast-track to another Great Depression, and the bailouts have halted the train, or at least slowed it down. You may not agree ... but that's your opinion. And we all have a right to an opinion.
Your idea of Spending Cuts is once again ... your opinion. It doesn't mean Obama's approach is wrong. Obama is using advice given by leading economists, so don't think he is doing this all on his own. Most economists felt the bailouts were needed ... and needed immediately.
In a few decades, if we're still here, $1 trillion will seem like a few $100's now.
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