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Obama lied about he economy to push through the stimulus... hmmm.
Let me get this straight the economy is doing great? Obviously it is because why else would one need to lie in order to pass something totally unnecessary? For example, you might lie about weapons of mass destruction being present in a country as an excuse to invade it, but you certainly could not make the argument that it was a lie if after the invasion you found more weapons of mass destruction that you originally thought to find, you feel me?
But despite the illogic of the thread premise let's look at the real level mendaciousness going on here.
Is Collapse of US Economy Underway or is it All Just Fear-mongering? (death, dollars)
"If the idiots in DC continue to talk down the economy, it will continue to get worse, it already has. Barry and his team have been talking it down for over a year and it has taken it's toll."
Far stretch.
They didn't know exactly how hosed the economy was.
Did Bush know exactly how bad he left it?
They didn't show that when they pushed the 700+ billions stimulus bill through as fast as they could because if we didn't do it that day the whole world will fall apart.
Obama can only do damage to the economy, because economically he is clueless.
But assume I'm wrong, I beg you to show me how Obama, a lawyer and former law school professor is qualified to make decisions on our economy.
Please help me understand his economic qualifications.
There were indeed many warnings raised by economists and others of the dangers potentially lurking in unregulated segments of the subprime market beginning as early as late 2003. Bush and Greenspan ignored all of them. The latter assured us that his expert staff (which is indeed expert) was on top of the situation and that no action was currently needed. Turns out he was hugely wrong about that last part. Thought the free market was intelligent enough to regulate itself. Not so much, really.
Projections are not points, they are ranges, and while tending to the high side, those from the adminsitration have not materially differed from projections run by others. This article discusses the point...
Well I am happy to see that you agree with me that the administration should not have "misread" the situation as Biden indicated.
And again we differ on the cause of the problem , there was too much meddling by congress to encourage risky loans. I know you disagree but here we go again, history repeating itself.
Here's another Barney article. He wants to loan money ($2Billion) to the jobless to pay their mortgages. I hope he figures it's going to be a long term loan and not a short term one.
That gap seems to be narrowing though. A tad too quick for only 6 months in office.
Time will tell. And for most Presidents, the approval numbers go up and down. George W. Bush was an anomaly in that his approval numbers never rebounded after they began to fall.
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