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Old 12-10-2009, 12:07 AM
 
Location: OCEAN BREEZES AND VIEWS SAN CLEMENTE
19,893 posts, read 18,444,477 times
Reputation: 6465

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It is, even with unemployment, more foreclosures, short sales and bank owned properties then ever before, speending way down, it is gloomy, you know something i don't know.
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Old 12-10-2009, 12:13 AM
 
Location: southern california
61,288 posts, read 87,420,711 times
Reputation: 55562
economic recovery is never on the back of massive debt.
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Old 12-10-2009, 12:19 AM
 
Location: Imaginary Figment
11,449 posts, read 14,466,505 times
Reputation: 4777
Quote:
Originally Posted by summers73 View Post
Bush was gone in March and the Dow was at its lowest level since God knows when, so the thread title is deeply flawed.

The DOW dropped from 14ish to 6500 under Bush, quit lying!
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Old 12-10-2009, 12:24 AM
 
2,661 posts, read 2,903,617 times
Reputation: 366
Quote:
Originally Posted by shorebaby View Post
OK folks the poster is on record, this is officially Obama's economy. Anything from this point on cannot be blamed on Bush, Reagan, Abe Lincoln or any other Republican.
That deficit the right is suddenly worried about and misplacing blame for (they can't count), is significantly impacted by:

- 2000 recession
- 1.3 trillion tax cuts (without reducing spending)
- MMA (unpaid)
- 1 trillion+ wars
- 2008 recession and Bush's TARP

Obama can lay claim to only 15% of the deficit - in reality we cannot yet wipe away bush's stains.
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Old 12-10-2009, 12:28 AM
 
1,963 posts, read 1,822,896 times
Reputation: 844
anybody still trying to blame Bush is seriously ****ing delusional.
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Old 12-10-2009, 12:32 AM
 
2,661 posts, read 2,903,617 times
Reputation: 366
Quote:
Originally Posted by k.smith904 View Post
anybody still trying to blame Bush is seriously ****ing delusional.
Anyone who denies Bush's impact on the current deficit is absolutely clueless.
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Old 12-10-2009, 12:32 AM
 
Location: Long Island (chief in S Farmingdale)
22,190 posts, read 19,462,661 times
Reputation: 5305
Quote:
Originally Posted by k.smith904 View Post
anybody still trying to blame Bush is seriously ****ing delusional.

More than 2 million jobs were lost in the 3 months prior to Obama taken office. Any turnaround was going to take a bit of time, no one is going to be able to turn a 2 million + 3 month job loss around overnight.
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Old 12-10-2009, 12:37 AM
 
1,963 posts, read 1,822,896 times
Reputation: 844
Quote:
Originally Posted by Smash255 View Post
More than 2 million jobs were lost in the 3 months prior to Obama taken office. Any turnaround was going to take a bit of time, no one is going to be able to turn a 2 million + 3 month job loss around overnight.
Overnight? Oh, you mean almost a year ago?

And whats he been so busy doing in the meantime?

- He managed to give hundreds of billions of dollars to all his political contributors (Goldman Sachs, BoA, AIG)

- Gitmo is still open

- 30,000 more to Afghanistan

- No healthcare bill

- And now he's in Copenhagen, working to tax carbon emissions. That way, the average American consumer can not only lose their job and their house, but also pay thousands more for energy.
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Old 12-10-2009, 12:39 AM
 
1,963 posts, read 1,822,896 times
Reputation: 844
Quote:
Originally Posted by compJockey View Post
Anyone who denies Bush's impact on the current deficit is absolutely clueless.
Good thing I didn't deny it then, huh?
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Old 12-10-2009, 12:46 AM
 
Location: Long Island (chief in S Farmingdale)
22,190 posts, read 19,462,661 times
Reputation: 5305
Quote:
Originally Posted by k.smith904 View Post
Overnight? Oh, you mean almost a year ago?

And whats he been so busy doing in the meantime?

- He managed to give hundreds of billions of dollars to all his political contributors (Goldman Sachs, BoA, AIG)

- Gitmo is still open

- 30,000 more to Afghanistan

- No healthcare bill

- And now he's in Copenhagen, working to tax carbon emissions. That way, the average American consumer can not only lose their job and their house, but also pay thousands more for energy.
Yes, almost a year ago it takes time to turn around an economy when over 2 millions jobs are being lost in a 3 month period. When you are seeing job losses that extreme it will take awhile for jobs to pick back up. The amount of job loss will steadily decline (which it has for 5 months in a row) and then you will see the market picking pack up.

Those bank bailouts were given in October 08. He is working on closing down Gitmo.

The decision in Afghanistan was a good one, and one that wouldn't have needed to be made if we didn't put Afghanistan on the back burner 7 years ago to go into Iraq.

No healthcare bill is a result of filibuster.
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