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Wait and see what those polls show after President Obama signs a stimulus bill which stimulates nothing except for the Dow by about 400 temporary points.
Wait and see what those polls show after President Obama signs a stimulus bill which stimulates nothing except for the Dow by about 400 temporary points.
Sounds like the same expectations spewed before Clinton raised taxes. The Republicans went on and on about how bad the effect on the economy would be. Seems to me they were just as wrong when they said how good Bushs tax cuts would be for the economy.
it's interesting to see how the Repubs now think they are fisical conservatives again when they nearly rubber stamped every single spending bill Dubya sent them when they were the majority in Congress.
it's interesting to see how the Repubs now think they are fisical conservatives again when they nearly rubber stamped every single spending bill Dubya sent them when they were the majority in Congress.
They didn't stamp them they wrote them. Dubya was the guy with the stamp.
Shameless. The post you replied to referred to halons and CFC's, and alluded to the fact that Hummers don't produce any of those. There had been no mention of CO2.
I might be shameless, but you are clueless! I will type slow you can follow along:
You said:
"I guess this goes to show just how utterly lost in the ozone some folks really are..."
I quipped:
"There is no ozone left, remember? The GOP'ers killed it with their Hummers."
You responded:
"Wow! I didn't realize that Hummers produced halons and CFC's..."
Your intent? Not sure, other than to assert that CO2 did not affect the ozone layer. If I misconstrued your post, please elaborate.
I replied as follows:
The cause of ozone depletion is a combination two factors: The primary direct cause is chlorine-containing gasses, including CFCs and related halocarbons. In the presence of UV light, CL gases release chlorine atoms, which catalyze ozone destruction. Greenhouse gases (primarily CO2), deplete the layer indirectly. While there is not direct chemical reaction, the stratospheric ozone layer is extremely temperature sensitive. Increasing evidence indicates that CO2 gasses have altered the atmoshpheric temeprate band, increasing the rate at which the CL / O3 reaction occurs. Model calculations between 1970 - 1992 indicate that in the absence of increased CO2, the ozone layer depletion would have been lower by a factor between 0.49 (high) and 0.32 (low).
Note that some scientists believe that CO2 has effectively doubled the rate at which the ozone layer has decreased. The very same set of scientists that are researching Global Warming! If you don't believe them, then why do you believe in GW?
Tell me again...why am I shameless? Do you 'effing read the posts? Is your ability to comprehend a multi-part post beyond your cognitive capacity?
it's interesting to see how the Repubs now think they are fisical conservatives again when they nearly rubber stamped every single spending bill Dubya sent them when they were the majority in Congress.
When were they the majority? There has not been a fillibuster-proof majority in quite some time...why didn't the Demmies kill the spending bills if they were so opposed?
Sounds like the same expectations spewed before Clinton raised taxes. The Republicans went on and on about how bad the effect on the economy would be. Seems to me they were just as wrong when they said how good Bushs tax cuts would be for the economy.
.
Clinton's tax increases did nothing to end Bush I's deep recession. What Willie did was to utilize the changes in technology as a teaser to create a Coolidge-style boom based on deregulation of the telecommunications and drug industries. And just like the Cool Cal boom of the 20's, average Americans saw nothing said boom in their paychecks.
That scam crashed like a rock just after W. took office. He (Clinton) was also aided by master majician Alan Grenspan who was able to finess the markets (and stave-off the disaster we saw in financials we saw last summer) by getting infusions of cash from Bill's buddies the Chinese.
Dubya then had little room, and even less desire, to help give the illusion of prosperity to Joe and Jane Average than did either his dad or slick Willie. So he went to the trick of last resort: he borrowed more $ from everywhere, and helped strengthen the on-going Housing Bubble that had started under Bill Clinton. Did you know that the only sector of the economy which grew under his Bushness II's regime was Housing? And guess where that is now.
No, my fear is that Obama, whom I reluctantly voted for, will continue his emerging M.O. of acquescing to the fringe laissez fairers who control the GOP, and try to fashion some sort of new, shallow, boom to give a few crumbs to the general public.
And I don't think that will work in the middle of a economic disruption that could exceed 1929's, and rival the real "great" depression of 1836.
Clinton's tax increases did nothing to end Bush I's deep recession. What Willie did was to utilize the changes in technology as a teaser to create a Coolidge-style boom based on deregulation of the telecommunications and drug industries. And just like the Cool Cal boom of the 20's, average Americans saw nothing said boom in their paychecks.
That scam crashed like a rock just after W. took office. He (Clinton) was also aided by master majician Alan Grenspan who was able to finess the markets (and stave-off the disaster we saw in financials we saw last summer) by getting infusions of cash from Bill's buddies the Chinese.
Dubya then had little room, and even less desire, to help give the illusion of prosperity to Joe and Jane Average than did either his dad or slick Willie. So he went to the trick of last resort: he borrowed more $ from everywhere, and helped strengthen the on-going Housing Bubble that had started under Bill Clinton. Did you know that the only sector of the economy which grew under his Bushness II's regime was Housing? And guess where that is now.
No, my fear is that Obama, whom I reluctantly voted for, will continue his emerging M.O. of acquescing to the fringe laissez fairers who control the GOP, and try to fashion some sort of new, shallow, boom to give a few crumbs to the general public.
And I don't think that will work in the middle of a economic disruption that could exceed 1929's, and rival the real "great" depression of 1836.
300 Trade Agreements: President Clinton has opened markets for U.S. exports abroad and created American jobs through nearly 300 free and fair trade agreements.
The Most U.S. Exports Ever. Between 1992 and 2000, U.S. exports of goods and services grew by 74 percent, or nearly $500 billion, to top $1 trillion for the first time.
1.4 Million More Jobs due to Exports: Jobs supported by American exports grew by 1.4 million between 1994 and 1998, with jobs supported by exports paying about 13 percent to 16 percent above the U.S. national average. Jobs related to goods exports pay, on average, 13 to 16 percent higher than other jobs.
Lowest Inflation since the 1960s: Inflation is at the lowest rate since the Kennedy Administration, in part because global competition has kept prices low. It has averaged 2.5 percent under this Administration, down from 4.6 percent during the previous administration.
President Clinton’s Record on the Economy: In 1992, 10 million Americans were unemployed, the country faced record deficits, and poverty and welfare rolls were growing. Family incomes were losing ground to inflation and jobs were being created at the slowest rate since the Great Depression. Today, America enjoys what may be the strongest economy ever.
Strong Economic Growth: Since President Clinton and Vice President Gore took office, economic growth has averaged 4.0 percent per year, compared to average growth of 2.8 percent during the Reagan-Bush years. The economy has grown for 116 consecutive months, the most in history.
Most New Jobs Ever Created Under a Single Administration: The economy has created more than 22.5 million jobs in less than eight years—the most jobs ever created under a single administration, and more than were created in the previous 12 years. Of the total new jobs, 20.7 million, or 92 percent, are in the private sector.
Median Family Income Up $6,000 since 1993: Economic gains have been made across the spectrum as family incomes increased for all Americans. Since 1993, real median family income has increased by $6,338, from $42,612 in 1993 to $48,950 in 1999 (in 1999 dollars).
Unemployment at Its Lowest Level in More than 30 Years: Overall unemployment has dropped to the lowest level in more than 30 years, down from 6.9 percent in 1993 to just 4.0 percent in November 2000. The unemployment rate has been below 5 percent for 40 consecutive months. Unemployment for African Americans has fallen from 14.2 percent in 1992 to 7.3 percent in October 2000, the lowest rate on record. Unemployment for Hispanics has fallen from 11.8 percent in October 1992 to 5.0 percent in October 2000, also the lowest rate on record.
Lowest Inflation since the 1960s: Inflation is at the lowest rate since the Kennedy Administration, averaging 2.5 percent, and it is down from 4.7 percent during the previous administration.
Highest Homeownership Rate on Record: The homeownership rate reached 67.7 percent for the third quarter of 2000, the highest rate on record. In contrast, the homeownership rate fell from 65.6 percent in the first quarter of 1981 to 63.7 percent in the first quarter of 1993.
7 Million Fewer Americans Living in Poverty: The poverty rate has declined from 15.1 percent in 1993 to 11.8 percent last year, the largest six-year drop in poverty in nearly 30 years. There are now 7 million fewer people in poverty than there were in 1993.
[SIZE=+1]Establishing Fiscal Discipline and Paying off the National Debt [/SIZE]
President Clinton’s Record on Fiscal Discipline: Between 1981 and 1992, the national debt held by the public quadrupled. The annual budget deficit grew to $290 billion in 1992, the largest ever, and was projected to grow to more than $455 billion by Fiscal Year (FY) 2000. As a result of the tough and sometimes unpopular choices made by President Clinton, and major deficit reduction legislation passed in 1993 and 1997, we have seen eight consecutive years of fiscal improvement for the first time in America’s history.
Largest Surplus Ever: The surplus in FY 2000 is $237 billion—the third consecutive surplus and the largest surplus ever.
Largest Three-Year Debt Pay-Down Ever: Between 1998-2000, the publicly held debt was reduced by $363 billion—the largest three-year pay-down in American history. Under Presidents Reagan and Bush, the debt held by the public quadrupled. Under the Clinton-Gore budget, we are on track to pay off the entire publicly held debt on a net basis by 2009.
Lower Federal Government Spending: After increasing under the previous two administrations, federal government spending as a share of the economy has been cut from 22.2 percent in 1992 to 18 percent in 2000—the lowest level since 1966.
Reduced Interest Payments on the Debt: In 1993, the net interest payments on the debt held by the public were projected to grow to $348 billion in FY 2000. In 2000, interest payments on the debt were $125 billion lower than projected.
Americans Benefit from Reduced Debt: Because of fiscal discipline and deficit and debt reduction, it is estimated that a family with a home mortgage of $100,000 might expect to save roughly $2,000 per year in mortgage payments, like a large tax cut.
Double Digit Growth in Private Investment in Equipment and Software: Lower debt will help maintain strong economic growth and fuel private investments. With government no longer draining resources out of capital markets, private investment in equipment and software averaged 13.3 percent annual growth since 1993, compared to 4.7 percent during 1981 to 1992.
To Establish Fiscal Discipline, President Clinton:
Enacted the 1993 Deficit Reduction Plan without a Single Republican Vote. Prior to 1993, the debate over fiscal policy often revolved around a false choice between public investment and deficit reduction. The 1993 deficit reduction plan showed that deficit and debt reductions could be accomplished in a progressive way by slashing the deficit in half and making important investments in our future, including education, health care, and science and technology research. The plan included more than $500 billion in deficit reduction. It also cut taxes for 15 million of the hardest-pressed Americans by expanding the Earned Income Tax Credit; created the Direct Student Loan Program; created the first nine Empowerment Zones and first 95 Enterprise Communities; and passed tax cuts for small businesses and research and development.
Negotiated the Balanced Budget Agreement of 1997. In his 1997 State of the Union address, President Clinton announced his plan to balance the budget for the first time in 27 years. Later that year, he signed the Balanced Budget Act of 1997, a major bipartisan agreement to eliminate the national budget deficit, create the conditions for economic growth, and invest in the education and health of our people. It provided middle-class tax relief with a $500 per child tax credit and the Hope Scholarship and Lifetime Learning tax credits for college. It also created the Children’s Health Insurance Program to serve up to 5 million children and made landmark investments in education initiatives including educational technology, charter schools, Head Start, and Pell Grants. Finally, it added 20 more Empowerment Zones and 20 more rural Enterprise Communities, included the President’s plan to revitalize the District of Columbia, and continued welfare reform though $3 billion in new resources to move welfare recipients to private-sector jobs.
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