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Many economists came out before obama got his hands on the economy and warned his policies would only make it worse. The CBO and Blue Chip economists disagreed with his estimates based on his so-far-out-of-whack rosy scenario figures.
Every estimate he has proclaimed has been wrong - you want to know why?
It is his massive deficit spending and plans for the future that are causing it.
I have one question. What, if anything, would McCain have done differently than what President Obama has done so far? I ask because Bush was doing the same thing and McCain is cut from the same mold. I would be very interested in what the right has to offer when it comes to solving the issues facing us. Don't just say we would not do this or that tell us what you would do or admit you have nothing to offer but complaints.
Casper
Many economists came out before obama got his hands on the economy and warned his policies would only make it worse. The CBO and Blue Chip economists disagreed with his estimates based on his so-far-out-of-whack rosy scenario figures.
Every estimate he has proclaimed has been wrong - you want to know why?
It is his massive deficit spending and plans for the future that are causing it.
I know that's the popular talking point. But you are incorrect. The chickens have come home to roost. ie consumer debt, housing collapse, huge trade deficits, and outsourcing, which have led to the destruction of US manufacturing.
Our economy has been a fantasy land for decades. A fake ecomony that was triggered by deregulation. Proped up by comsumer credit and atrifical home values. The house of cards is falling and we are years from recovery.
Many economists came out before obama got his hands on the economy and warned his policies would only make it worse. The CBO and Blue Chip economists disagreed with his estimates based on his so-far-out-of-whack rosy scenario figures.
Every estimate he has proclaimed has been wrong - you want to know why?
It is his massive deficit spending and plans for the future that are causing it.
You are so clueless I won't even bother asking for factual evidence.
In fact, I have previously and you don't know a single thing about our economy.
Go back to your hole Sanrene.
I have one question. What, if anything, would McCain have done differently than what President Obama has done so far? I ask because Bush was doing the same thing and McCain is cut from the same mold. I would be very interested in what the right has to offer when it comes to solving the issues facing us. Don't just say we would not do this or that tell us what you would do or admit you have nothing to offer but complaints.
A freeze on federal spending. Really, how much sense does it make when you are trillions in debt and engaging in $2 trillion dollar deficit spending ...... to spend even more?
Facts are the campaign is over and Obama has the button and lied to you.
He said he would run our government on a budget like everyone has to run their own household budget.
So far, he lied big time by spending more then we make and has quadrupled our DEBT in only 5 months.
Nice try, but Obama is a job killing machine.
So far, he is now in the hole nearly 6 MILLION JOBS.
And toss out most of his campaign lines, they are lies and scam jobs.
McCain would have been far better. He would have never spent this kind of money on PORK like the porkster Obama has done.
In my childhood home town people are losing their jobs by the hundreds, massive layoffs, people losing their homes and stores closing down weekly.
This was not happening under Bush at all, Obama takes over and the town like so many others in Americ are falling apart thanks to Obama.
First take a deep breath and calm down.
alright...We are in something called a recession job losses will happen in a recession regardless of who is president as to people loosing homes that was happening a while ago maybe it had not reached where you lived, but I saw all sorts of places in forclouse during my travels in 2008. If you think there would not be as many job losses or forclosures under McCain you are lying to yourself as presidents have very little effect on the economy. As to the stimulous that was not expected nor did I like it, but McCain's tax reductions would have been just as bad for the deficit.
You are so clueless I won't even bother asking for factual evidence.
In fact, I have previously and you don't know a single thing about our economy.
Go back to your hole Sanrene.
Of course, of course - but I see you can't refute anything I said. Who is the clueless sheeple?
Not spending? You do realize that "not spending" is one of the problems causing the economic downturn?
You bet I do. The economy contracting so drastically was a result of people cutting back on their spending and energy (gas) consumption. Aren't those two things the democrats want us to do? Save and conserve?
But I also know that obama and the dems are planning massive tax hikes to get their cap and trade, UHC agenda passed. Why should I be spending - that would only help obama achieve his disastrous goals.
It is his massive deficit spending and plans for the future that are causing it.
Here is an example of you being wrong, if you needed one Sanrene.
If you think you are right, list Obama's policies that have increased the deficit.
There aren't too many, its only been 6 months.
And put down the amount that has been added to the deficit, also.
The total should come out to 1.3+ trillion, according to that graphic the right likes so much.
In President Bush's last year in office, 2008, the deficit reached $459 billion:
In President Obama's first year in office the deficit is expected to reach $1.75 trillion and that is if everything goes according to the rosy scenario they are hoping for:
Quote:
The 2010-2013 forecasts are slightly more optimistic than CBO but much rosier — in some cases by well over one percentage point — than what the Blue Chip Consensus calls for. A separate private-sector gauge, the Survey of Professional Forecasts, also projects a much weaker economy this year and next.
He was totally, completely, ineptly WRONG on his forecasts.
All this would come at a price to be paid by in the future: annual deficits of at least $500 billion, and a federal debt that would reach $23 trillion in a decade.
If you go back and answer the previous post of mine, I'll read this post of yours.
And yes, that chart exactly.
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