Republicans tanked the economy

faethor

faethor

Active Member
Moderator
Joined
Aug 25, 2005
Messages
5,144
Reaction score
1,243
gopeconomicstrategy2.png
 
Awh, did you forget that it was May when the Fed's QE2 stopped? Now explain to me that $352M (out of a $3.6T budget) in concessions for YF 11 budget (Since Pelosi/Reid never passed any budget for the past two years) caused that huge drop in a matter of weeks? Now let's take your numbers for a minute, we spent $5T in debt and we lost 2M jobs since Obama took over. It's a good deal that we spent less and got more jobs (153K). Isn't that wonderful news?

http://marketplace.publicradio.org/display/web/2011/04/14/pm-cbo-cuts-budget-cuts-down-to-real-size/

Now didn't Obama say we MUST be civil after the Gabby Gifford's shooting, yet we get "debt limit hostage crisis" and other violent references. Whyzzat?

I can hardly wait for more radical propaganda to be spewed forth in order to cover Obama's ass on this depression he caused. America is waking up to realize just how bad America's future is and how fast we are going there since Obama/ Pelosi/Reid express has botched everything they have touched.
http://www.rasmussenreports.com/pub...ministration/daily_presidential_tracking_poll
 
Dammy said:
Now let's take your numbers for a minute, we spent $5T in debt and we lost 2M jobs since Obama took over.
I can hardly wait for more radical propaganda to be spewed forth in order to cover Obama's ass on this depression he caused.
Click to expand...
Look at the job numbers, yes stagnet the last few months. But, the 'depression' was started way before Obama. Actually it was fall 2008 when jobs started in freefall. They started getting out Fall of 2009.
http://www.tradingeconomics.com/united-states/unemployment-rate

Bush created more than ~2Million jobs in his 96 months in office. If you spread his months to 09 when his policies were in play still as Obama's weren't voted on or spending had not increasing you get 0.

Obama created? -- This is a joke! Uncover your head. This was party of Lincoln created.
 
a friend of mine who OWNS a business he created with one other person said that this last congress created bullshit cost every American $50, 000
 
Dammy said:
to cover Obama's ass on this depression he caused.
Click to expand...
Clinton would be more to blame than Obama. Clinton allowed the deregulation of banking and the tech stock bubble blew up in 2000 which left a lot of people looking for a new bubble to blow and the tools to blow it - and so we got the real estate bubble - but during the eight years after that Bush ignored the problem.
Instead, Bush had his little mini-slump after September 11th but his brilliant solution was to tell people to shop and cut the taxes that his base (the have-mores) paid. Then he borrowed trillions to prosecute a bunch of wars that didn't go well and spent billions on bribing potential new rulers of his conquests - money which has been pretty much flushed away. Did he pay any attention to the bubble growing in real estate? Did he even know or care? So when it started contracting in late 2006 did Bush do anything to prevent the collapse from infecting the lending institutions that had leveraged against those inflated prices? No, he did not. He had some brush to clear on his ranch no doubt.
You can go back further to see that the cause goes decades back but during the eight years that Bush was in office it was quite plain to see that the prices were not real (but anyone who said so was ridiculed because people who run ponzi schemes hate people who point out that they are ponzi schemes). Bush had eight years to fix things before everything blew up but he didn't - he probably didn't even know the system was sick. He just did what Cheney told him to do and Cheney only cared about oil and war.

Blaming Obama for what happened is utterly ridiculous. Blaming Bush or Clinton isn't much better. All of those guys are just figure heads - but at least if you're going to blame figure heads, don't go blaming the one that came along after the problem had already happened.
 
Obama spent 4 Trillion in the last 2 years ...

obama-reading-book.jpg


Obama owned the economy the minute Dems voted for the porkulus bill. A Keynesian stimulus is a short-term fix. Keynes is famous for saying "In the long run, we're all dead." It's supposed to work right away, there are no long-term benefits to a stimulus.

Unions, unions everywhere and no more money to be found.
 
metalman said:
Unions, unions everywhere and no more money to be found.
Click to expand...
In the late 40s Unions were made up of about 36% of the population. By the early 80s Unions % shrunk to about half, around 18%. Today there're closer to 15%. Unions have never been a majority and are by far the minority today.
 
metalman said:
Obama owned the economy the minute Dems voted for the porkulus bill.
Click to expand...
Just shows you care more about Obama bashing that understanding anything. Do you blame the fire department for the losses that occur while they are fighting the fire?
A Keynesian stimulus is a short-term fix.
Click to expand...
It's not a "fix". It is necessary because of the way the financial system is built - when it starts to contract all private interests start tightening their belts accelerating the contraction. The government, in those times, goes counter to the contraction by spending money into the economy to encourage private business to start reinvesting in workers and infrastructure. When the private interests are healthy again the debt is recovered by taxing it back from the recovered economy. If you only do deficits then you aren't doing Keynes. It seems that in the US at least the governments have been averse to the recovery phase of Keynes and instead keep spending (which DOES stimulate private business - that's where most so much of the money goes).

It's supposed to work right away, there are no long-term benefits to a stimulus.
Click to expand...
The long term benefits are that you stop the stimulus and tax back what you put out while the private economy becomes productive. It's only meant to smooth out the boom bust cycles that business goes through every couple of decades. It's a bit different trying to throw (only) money at the current problem - which is that private institutions have vaporized 14 trillion dollars from the US economy so the 4 trillion was just a small shifting of the private debt onto the public. The actual problem is not a government created problem, per se, it was created by private entrepreneurs. The government should have been stopping them from doing it but didn't. However, while we can blame the cops only so far as they weren't doing their job, the crooks are the ones who carry the guilt.
Unions, unions everywhere and no more money to be found.
Click to expand...
When there were more unions there was more money to be found. More people had better jobs and America still made things.
 
faethor said:
Look at the job numbers, yes stagnet the last few months. But, the 'depression' was started way before Obama. Actually it was fall 2008 when jobs started in freefall. They started getting out Fall of 2009.
http://www.tradingeconomics.com/united-states/unemployment-rate
Click to expand...

No, Bush left Obama in a recession which ended June of 09. http://www.reuters.com/article/2010/09/20/us-usa-economy-nber-idUSTRE68J2JJ20100920 and it's been Obama's failed policies that has left us in a depression. Just like Jimmy Carter's stupid economic policies.

Bush created more than ~2Million jobs in his 96 months in office. If you spread his months to 09 when his policies were in play still as Obama's weren't voted on or spending had not increasing you get 0.
Click to expand...

Did you forget already about that little stimulus of nearly $1T (including the interest repayments on the initial deficit spending it caused) that was supposed to stop us from going above 8% unemployment in early 09?

Obama created? -- This is a joke! Uncover your head. This was party of Lincoln created.
Click to expand...

Then we can blame Pelosi/Reid on Bush's last two years since the budget spending went deeply red? So it was the Democrat Congress what created and passed those last two years of massive deficit spending and massive regulation that is strangling our economy if you want to blame the GOP who only control the House of Representatives for the past eight months? Can't have it both ways, blame the GOP now means you have to blame the Democrat Party for getting us into this mess in the first place. Which is it?
 
faethor said:
In the late 40s Unions were made up of about 36% of the population. By the early 80s Unions % shrunk to about half, around 18%. Today there're closer to 15%. Unions have never been a majority and are by far the minority today.
Click to expand...

Private sector it's 11%, government is 36%. Private sector unions will be gone in 20 years at the current declining rate, even under Obama. It's funny as hell to see Hoffa huffing and puffing up there when it's Obama's policies that are killing union trucking jobs. It's even more funny to watch the government unions demanding even more money and benefits while the average person paying their jobs makes half as much.

And yes, when I was a USPS (Federal) employee, I refused to be a union member. The SOBs left what is basically apprentices out of any significant (read no health care) benefits in order to give the senior carriers more benefits and more money. They were shocked when I was promoted to career (journeyman) and again refused to join the union because how badly they treat the apprentices. I had the area Union President tell me they promise to demand benefits in the next bargaining session as a throw away chip. That ain't right, they didn't get my money, the bastards.
 
You must log in or register to reply here.
Back
Top