Is the sky still falling?

[blckslvr79]

Ponch killed this thread.

[Texdentist]

Originally Posted by blckslvr79

Ponch killed this thread.

Yep. He really knows how to take a thread comfortably based on opinion and emotion and screw the whole thing up with cold hard facts.

[the machine]

Originally Posted by Poncherello

Only a clown cheers 7.7% unemployment as a great thing. Let's look at the past President's record since so many love to lay complete blame on him for today's situation.

President Obama said that Bush turned a budget surplus into a deficit when in fact by January 2001, as we headed toward recession, those so called surpluses were already dwindling and within three months of 9/11 were gone and replaced by deficit. The recession officially started in March 2001 and was quickly influenced by the economic impact of 9/11 and the nearly 1 million jobs lost in the following three months. In the wake of this recession we saw six years of economic growth and 52 straight months of job creation that produced eight million jobs. Unemployment averaged 5.3% during those eight years and "we saw labor-productivity gains that averaged 2.5 percent annually — a rate that exceeds the averages of the 1970s, 1980s, and 1990s. Real after-tax income per capita increased by more than 11 percent. And from 2000 to 2007, real GDP grew by more than 17 percent, a gain of nearly $2.1 trillion." By 2007, as a result of policies enacted by President Bush, the deficit fell to 1% of GDP, about $162 billion. Prior to the 2008 economic collapse President Bush's budget deficits were 0.6% of historical averages, a far cry from Obama's claim that we faced a decade of "spiraling deficits".

In comparison, in 2010 the budget deficit stood at almost $1.5 trillion, a cool 10% of GDP, while the debt was at 9.2 trillion, 67% of GDP. Let us not forget that President Obama passed an $862 billion stimulus package while at the same time telling us as a result unemployment wouldn't rise above 8%.... we now know it peaked over 10% which was higher than the President said it would go if we didn't pass the stimulus package. Vice President Biden promised us 500,000 jobs per month which we have never even come close to seeing. In 8 years under President Bush the debt held by the US grew from $3.3 trillion to $6.3 trillion and in the first 20 months under President Obama the debt had increased the same as the previous 8 years and he hasn't looked back since.

As Stuart Taylor put it:



We all know that as far back as 2001 the administration was sending warnings about Fannie and Freddy that were ignored or vilified.

So in a vibrant and pretty much full employment economy, Bush could not reduce the national debt by one penny, but instead just added billions more. But the Democrats are the irresponsible ones right???


How's that for a cold hard fact Tex????

[Poncherello]

Originally Posted by the machine

So in a vibrant and pretty much full employment economy, Bush could not reduce the national debt by one penny, but instead just added billions more. But the Democrats are the irresponsible ones right???


How's that for a cold hard fact Tex????

The best you have is a couple billion while you ignore the trillions this President has racked up?

0.6% of the historical average, 52 consecutive months of job growth, historically low unemployment....you keep telling yourself it's President Bush's fault...... in your eyes the facts all point to President Bush putting us where we are today not the failed policies of our current President. Time and time again we hear the promises from this President and they just seem to go up in smoke. Everything is give us more time, give us more money, give us more legislation and we'll fix everything. What makes anyone believe that a man with not a single shred of business experience is the guy who i going to lead us out of this mess?

[the machine]

Originally Posted by Poncherello

The best you have is a couple billion while you ignore the trillions this President has racked up?

0.6% of the historical average, 52 consecutive months of job growth, historically low unemployment....you keep telling yourself it's President Bush's fault...... in your eyes the facts all point to President Bush putting us where we are today not the failed policies of our current President. Time and time again we hear the promises from this President and they just seem to go up in smoke. Everything is give us more time, give us more money, give us more legislation and we'll fix everything. What makes anyone believe that a man with not a single shred of business experience is the guy who i going to lead us out of this mess?

So please point out where Bush reduced the national debt...I keep missing it in your praise of GW Bush. I mean it must be there somewhere....right...after all the pubs are the party of fiscal responsability...so obviuosly in a time of low unemployemnt and big revenue the fiscaly responsible party would start making some real progress on reducing the national debt. They would pass laws reducing spending that would carry over into the next administration. They would do all the right things to prepare for the bad times that always come eventualy.

You can hide your head in the sand and tell yourself that Obama somehow magicaly spent $10 trillion dollars without ever getting it passed by congress and in secret....but the voters know the truth and as long as people like you stick your fingers in your ear and yelll la la la I can't hear you....the republican party and people like you will be disapointed at the polls.

[Geneus]

Originally Posted by the machine

So please point out where Bush reduced the national debt...I keep missing it in your praise of GW Bush. I mean it must be there somewhere....right...after all the pubs are the party of fiscal responsability...so obviuosly in a time of low unemployemnt and big revenue the fiscaly responsible party would start making some real progress on reducing the national debt. They would pass laws reducing spending that would carry over into the next administration. They would do all the right things to prepare for the bad times that always come eventualy.

You can hide your head in the sand and tell yourself that Obama somehow magicaly spent $10 trillion dollars without ever getting it passed by congress and in secret....but the voters know the truth and as long as people like you stick your fingers in your ear and yelll la la la I can't hear you....the republican party and people like you will be disapointed at the polls.

You also forgot to mention that the during the Bush years government had one of the largest growths (as a percentage of the total economy) since FDR.

http://www.washingtontimes.com/news/...gger/?page=all

I think the saying goes, "If the shoe fits, wear it." Yep...the "fiscally responsible" party...do as I say, not what I do.

[c6vettedude]

Originally Posted by Geneus

You also forgot to mention that the during the Bush years government had one of the largest growths (as a percentage of the total economy) since FDR.

http://www.washingtontimes.com/news/...gger/?page=all

I think the saying goes, "If the shoe fits, wear it." Yep...the "fiscally responsible" party...do as I say, not what I do.

I believe it was around 50% total federal govt growth! I've mentioned that a number of times,.. but never a response.
For some it's hard to face facts when the ones they worship phuck up so bad!