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You cant back this up with one bit of evidence that the economy would be even close to worse. Many economists believe the spending has prolonged the recession, not helped to repair it..
I believe the correct terminology is "crowd out." Not that they're interested in all that...
Eight years of deregulation, anti union action and exporting jobs
(not to mention sitting on your hands as the whole sh**house went up in flames)
and suddenly a small but vocal group of people are trying to turn us against Obama ... because he hasn't cleaned up the mess fast enough!?
The nerve of some people!
Grab a mop Congressional Republicans!
... and quit standing on the sidelines complaining
about the economy not being resuscitated fast enough!
I was told by a poster here that is it "hateful" to mention the Bush bailouts. It is acceptable, even encouraged, to discuss and critisize Obama bailouts, but it is hateful to talk about Bush's bailouts.
Eight years of deregulation, anti union action and exporting jobs
(not to mention sitting on your hands as the whole sh**house went up in flames)
and suddenly a small but vocal group of people are trying to turn us against Obama ... because he hasn't cleaned up the mess fast enough!?
The nerve of some people!
Grab a mop Congressional Republicans!
... and quit standing on the sidelines complaining
about the economy not being resuscitated fast enough!
Henry Paulson, John Snow, Paul O'Neil and both Greenspan and Bernanke were the ones who knew a hell of a lot more about the economy then Bush, and they said things were just great, until things suddenly went bad.
Exactly what bills did Bush sign or what policies did he engage in that caused the economic collapse?
Under TARP $250 billion was spent under Bush -- you know that program Obama claimed credit for -- $4 billion under Obama.
Other than all that how did tax cuts and deregulation cause all of this? You certainly aren't talking about pushes given by the Fed's and a vehicle set in motion with the intentions of creating a monopoly and a "guide" for the free market. How do you think those toxic assets spread throughout the world? It wasn't Bush's idea...
Second, how the heck do you get that only $4B was spent under obama? The bill was split up so they each could/would pay half.. Total actual spending ranged in the neighborhood of $537B, more than twice what you are proclaiming..
The Congressional Budget Office projects that if current laws and policies remained unchanged, the federal budget would show a deficit of about $1.3 trillion for fiscal year 2010 (see Table 1). At 9.2 percent of gross domestic product (GDP), that deficit would be slightly smaller than the shortfall of 9.9 percent of GDP ($1.4 trillion) posted in 2009. Last year’s deficit was the largest as a share of GDP since the end of World War II, and the deficit expected for 2010 would be the second largest. Moreover, if legislation is enacted in the next several months that either boosts spending or reduces revenues, the 2010 deficit could equal or exceed last year’s shortfall.
At the end of 2009, debt held by the public was $7.5 trillion, or 53 percent of GDP; by the end of 2020, debt is projected to climb to $15 trillion, or 67 percent of GDP. With such a
large increase in debt, plus an expected increase in interest rates as the economic recovery strengthens, interest payments on the debt are poised to skyrocket.
Eight years of deregulation, anti union action and exporting jobs
(not to mention sitting on your hands as the whole sh**house went up in flames)
and suddenly a small but vocal group of people are trying to turn us against Obama ... because he hasn't cleaned up the mess fast enough!?
The nerve of some people!
Grab a mop Congressional Republicans!
... and quit standing on the sidelines complaining
about the economy not being resuscitated fast enough!
Right out of the Democrat Party playbook. "Grab a mop". Even Obama said it.
Do you not have something original?
Bush didn't cause our problems. Democrats did. Ever heard of the CRA (Jimmy Carter and expanded under Clinton)? That is the cause of the housing/mortgage scandal. Bush had nothing to do with it. In fact, under Bush, Democrats were warned that something needed to be done. Yet all Democrats refused to acknowledge that there was a problem. And Franklin Raines, was such an excellent leader! Oh, yeah!
WAKE UP! Quit lying!
You sound like a regurgitation of Obama's speech last night. He was in complete denial.
The problems we face today, were created by the Obama administration and his Congress. Republicans have had nothing to do with the state of our economy today.
Obama owns this. Democrats will pay (thank God!)
"Small but vocal group"? I assume you are talking about millions of Americans who are turnig out in droves, protesting this out of control government. The "Tea Party Movement", grass roots citizens who have had enough. Oh, yeah, but you think they aren't real. Guess again, chump. MA, VA, NJ. We The People are speaking up. We aren't believing you anymore. You are all liars. We're taking our country back.
But, you go right ahead; believe that we are a meaningless minority. So much the better. It will be to your loss (as it already has been). Brush us off. Please!
See you in November, chump. We the People will kick your Prgressive asses!
You cant back this up with one bit of evidence that the economy would be even close to worse. Many economists believe the spending has prolonged the recession, not helped to repair it..
How many companies would have gone under, how many more homes would have been lost to foreclosure, how many peoples unemployment would have run out long ago but for the federal aid given? Yes, it would have been far worse and you have complained that the Government hasn't done enough the same as you are today. Stop depending on the government to fix everything, blaming them for not cleaning up our mess is the thinking of a Socialist.
Casper
Eight years of deregulation, anti union action and exporting jobs
(not to mention sitting on your hands as the whole sh**house went up in flames)
and suddenly a small but vocal group of people are trying to turn us against Obama ... because he hasn't cleaned up the mess fast enough!?
The nerve of some people!
Grab a mop Congressional Republicans!
... and quit standing on the sidelines complaining
about the economy not being resuscitated fast enough!
The Republicans haven't gotten their kickback (tax cut) yet. So they aren't going to help at all.
Second, how the heck do you get that only $4B was spent under obama? The bill was split up so they each could/would pay half.. Total actual spending ranged in the neighborhood of $537B, more than twice what you are proclaiming..
I accredited most of 2009 to Bush's spending in the Tarp -- barring the ARRA -- program which was put forth under his watch. It was one of the few things that actually did keep the economy from going into economic free-fall. When you look at how much Obama spent and how much was paid back the number I provided are much more accurate than saying $538 billion was spent and that's that.
Most of the bank's assistance was done in late 2008 and early 2009 which were already setup via Bush.
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