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During the Clinton era, they claimed that the prosperity was due to Clinton and not to the 8 years of previous Reagan and Bush I policies.
The Voodoo Economics Era actually lasted 12 years and included several instances of economic calamity. While there were other factors in the long era of growth and prosperity that flourished under Clinton and vanished as soon as he left the stage, dumping the core policies of Reagan/Bush was one of the important ones.
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Originally Posted by SeekTruth
Obama promised results. He isn't delivering.
He's delivering exactly what he promised. Emphasis on and action toward salvaging and repairing an economy crippled by right-wing mismanagement.
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Originally Posted by SeekTruth
The market doesn't like his policies and his policies are destroying the prosperity of America.
The prosperity represented by the disappearance of better than $15 trillion worth of wealth over the past 15 months? The prosperity represented by more than 11 million Americans being out of work? Some prosperity that is!
President Obama has stated he is prepared to fight and that CEO's will not be allowed to continue hemorrhaging our country's economy.
The President has no business telling CEO's what they can and can't do. This isn't a dictatorship (yet).
Do we know if his plans will work? Clearly at this time don't know.[/quote]
What we do know is that they won't work (been there, done that).
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Originally Posted by Awakening Escapade
Obama stated himself that some of the plans might fail and those programs will be cut.
"Some"?
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Originally Posted by Awakening Escapade
What we do know is that Obama didn't get us into this mess.
That's right. He had help. The entire Deomcrat Party.
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Originally Posted by Awakening Escapade
Aren't most people here intelligent enough to at least agree on that? Disagree on what to do about the problem now- but certainly it doesn't take much to see Obama didn't create these problems- he inherited them.
Democrats still created them. Franklin Raines, Barney Frank, Chris Dodd, et al, and Jimmy Carter with the CRA, and Bill Clinton who expanded it.
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Originally Posted by Awakening Escapade
This started long before the first bailout funds went out with no restrictions into the hands of the greedy CEO's -prior to Obama taking his oath of office.
CRA, Franklin Raines, Barney Frank, Chriss Dod, Chuck Schumer, Maxine Waters .... Mishandling of Fannie Mae and Freddie Mac, ignoring Republican calls for over sight and regulation.
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Originally Posted by Awakening Escapade
(As an interesting side note - at the same time the first bailout funds were needed - the Bush administration - knowing they were only going to be in office for a couple of months and aware of the state of our economy - they spent 16B on redoing the Whitehouse.gov website. )
If you have a better plan- write to President Obama because he is listening to the people.
Yeah, right.
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Originally Posted by Awakening Escapade
In the meantime, let's do what we can to help this plan work for America.
Sorry. I will not do anything to assist in the destruction of America, and Liberty. I won't be a part of it.
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We will be seeing more transparency in the Obama administration than this country has ever known.[Ha, ha, ha....oh, yeah, right!] Like secret letters to Russia
There is some bipartisanship for us in knowing regardless of party affiliation - we'll know who's names are on which projects and where the money is going. [What are you smoking?}
Wait just a minute. I have to correct you. Both Obama, and Nancy Pelosi said that there is no PORK in the Pork Bill. So, it must be true.
They said there are no earmarks in the Recovery Act, which anyone knowing what an earmark is recognizes as true. Over there on Bizarro Planet, you all call everything pork that isn't tax cuts for the rich and mega-corporations.
We've been on a rough ride since W was sworn in. Where have you been?
Evidently not where you have been because I never said it's been great. And, if taxes and regulations are increased it's going to get worse.
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GDP grew 2.5% in 2003, ...
In 2004, GDP growth rebounded to 3.6%.
The effects of Hurricane Katrina in Q4 caused 2005 GDP to slow to a still healthy 2.9%.
The economy recovered from Katrina in Q1 2006 with a growth rate of 4.8%, and housing markets peaked. However, high oil prices during the summer caused the economy to slow below 2.5% for the rest of the year. overall 2006 GDP growth was 2.8%,
In 2007, the economy stunned analysts by slowing to .1% in Q1 as the housing market started to decline. However, a declining dollar boosted exports, driving GDP growth to 4.8% in Q2 and in Q3. However, the Subprime Mortgage Crisis caused growth to decline to -.02% in Q4, which slowed GDP growth to only 2% for the year.
GDP for 2008 was predictably sluggish: .9% in Q1, a slight rise to 2.8% in Q2, falling to -.5% in Q3. ... The Congressional Budget Office (CBO)forecasts 2008 GDP growth to be 1.2%. (Source: GDP Current Statistics)
It's 5:30 - isn't that when all the Obama worshippers report for prayer?
Hi, again SeekTruth, you need to edit your thread title. I guess you didn't read the article, we have not experienced the worst 1 month job loss in 60 years.
I know you'll just ignore this and keep posting your one liners, but it needs to be addressed.
Actually, you can pin the origins of that to the Community Reinvestment Act (written in the late 70s and then re-authored and renewed in the early 90s) and the creation of Fannie Mae and Freddie Mac in the 1990s. We've just been building up to that point.
I'd like for you talk about these "failed policies" of the Bush administration leading to this nonsense. Congressional Republicans and the President began speaking out about the lending practices they were seeing in 2006 and 2007.
Fire away. But there's no doubt the markets are reacting in large part because they don't like how the current administration is handling the current situation. Raising taxes on businesses, the most productive, and small businesses is typically not the path to success in any economy.
Whew its amazing the selective memory on who sponsored the bill to deregulate the banks as well as many of McCains backers have ties to Fannie Mae and Freddie Mack. If your going to point fingers at the Democrats, make sure you include the Republicans as well. Again, how is all of this going to fix the economy. Still waiting for a better suggestion than lowering taxes
Obama is an idiot. But we knew that before November so what does that say about 80 million voters? [End Quote]
What the hell do any of us know? We believe what we want to believe as long as it suits us. Mostly, we like whatever puts money in our pockets and vice versa. How often do we stop to consider the collateral damage caused by our economic pursuits?
What would McCain be doing right now for the economy? And Palin, the alleged queen of the pork barrel?
Lastly, how bright were the supporters of Dubya? The answer? Some were pretty darn smart but not because they voted for him.
I like a cold Southern Comfort Manhattan, what are you drinking?
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