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#1
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Well, if Bush left a "whopping deficit for Obama", just what is Obama leaving the next president? Or all of us, as citizens, for that matter? As Tracy CORRECTLY pointed out in another thread... Quote:
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#2
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The day the Bush administration took over from President Bill Clinton in 2001, America enjoyed a $236 billion budget surplus -- with a projected 10-year surplus of $5.6 trillion. When the Bush administration left office, it handed President Obama a $1.3 trillion deficit -- and projected shortfalls of $8 trillion for the next decade. During eight years in office, the Bush administration passed two major tax cuts skewed to the wealthiest Americans, enacted a costly Medicare prescription-drug benefit and waged two wars, without paying for any of it.
To put the breathtaking scope of this irresponsibility in perspective, the Bush administration's swing from surpluses to deficits added more debt in its eight years than all the previous administrations in the history of our republic combined. And its spending spree is the unwelcome gift that keeps on giving: Going forward, these unpaid-for policies will continue to add trillions to our deficit. This fiscal irresponsibility -- and a laissez-faire attitude toward the excesses of the financial industry -- helped create the conditions for the deepest economic catastrophe since the Great Depression. Economists across the political spectrum agreed that to deal with this crisis and avoid a second Great Depression, the government had to make significant investments to keep our economy going and shore up our financial system. That is why President Obama and Congress crafted the American Recovery and Reinvestment Act. It is widely accepted that the difficult but necessary steps Obama took have helped save our economy from an even deeper disaster. It was President Bush -- not Obama -- who signed into law the $700 billion Troubled Asset Relief Program bailout for banks, the Obama administration's rigorous stewardship added transparency and accountability that have cut the expected cost of that program by two-thirds. Obama has proposed billions of dollars in cuts, and he'll continue to fight for them and others in the upcoming budget. Obama had been more successful in getting his proposed cuts through Congress than his predecessor was in any of his eight years in office. And even as Obama has pursued landmark health insurance reforms that will hold the insurance industry accountable and expand coverage to working Americans, he has insisted from the beginning that any reform legislation must not add to the federal deficit and must help reduce it over time. According to the nonpartisan Congressional Budget Office, the legislation making its way through Congress upholds this principle. As the president has said, the federal budget is like an ocean liner, not a motor boat, and it will take time to redirect its course. But the course correction that was so badly needed after the previous administration has begun in earnest. There's an old saying that everyone is entitled to his own opinions, but not his own facts. |
#3
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When Bill Clinton left office, he did the exact same thing that ALL presidents are required do: namely, he submitted a 5 year PROJECTED budget report based on the economic indicators that HE (as current president) was basically GUESSING the way the economy would go, if Congress pursued his suggestions in the future. The only problem for Clinton is that he basically guessed WRONG on pretty much everything across the board. In his 5 year projection, he stated (for example) that the boom "dot coms" that were currently blossoming at the time and making people overnight multi-millionaires would continue and grow the economy...when in fact the "dot com" bubble actually burst and NEVER lived up to Clinton's projections. Likewise Clinton predicted that energy costs would drop and thus trim the budget...except than the direct OPPOSITE happened and energy coasts literally SOARED, coupled by energy companies like Enron even going bankrupt due to financially fake book-keeping. And before anyone on the Left tries to pull the old bullshit line about Bush being in the pocket of companies like Enron, keep it mind that it was UNDER CLINTON that Enron grew in size and doctored its books and went unchecked. Why? Because Clinton wanted to cite and incorporated their profit numbers as proof that his economic plan was working. The crock of this being that during the 1980 presidential debates, Bush literally POINTED to the fact that far too many companies were doctoring their books...that far too many of Clinton's numbers were actually waaaaay off and misleading...which prompted an infamous historical exchange in the debates where Gore accused Bush of trying TO CREATE a recession by talking down the economy. Those on the Left love to conveniently forget that in 1980 Bush WARNED that a recession was looming, while Gore (and the running candidate) and Clinton said it was all nonsense and the economy was perfectly sound... ...At which point it turned out Bush was right, and we did enter a recession. And Bush was right again as companies like Enron went under. And for all the talk on the left how Bush was in the pocket of Enron, let the record show that it was BUSH and HIS justice department that went after Ken Lay and Enron, to throw them into jail and to expose the bookkeeping corruption that was going on. Quote:
So your point? Or are you admitting the Dems have no clean hands as well? As for Bush handing Obama a $1.3 trillion deficit after 8 years, given your indignation, how do you feel about Obama QUINTUPLING that amount in only ONE year? |
#4
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As many economists have noted -- including even people like Paul Krugman, noted LIBERAL economist, who of late has likewise turned on Obama -- how can you call it "the worst crisis since the great depression" when all it took was a one time cash infusion to right the system, and in only ONE YEAR the veru same banks Obama was claiming were on the verge of total collapse have not only paid their loan money back, but are now likewise posting RECORD PROFITS? Quote:
I call bullshit on that one. It's not that Obama CUT the cost by 2/3 through any stewardship. And the idea that ANYTHING Obama does can be called transparent is laughable. The reason there was a savings is because they never NEEDED to spend all the allocated money -- which dovetails right back into my point above, that the banks righted themselves to a large degree and are now even back to posting profits. |
#5
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In fact, even the CBO's assertion that there will be some initial savings were highly dubious and could only be derived through Enron-like doctoring of the books, which EVEN THE CBO ACKNOWLEDGED IN THEIR REPORT. Basically, to pay for a $1 trillion health care plan, Obama simply CLAIMED he would come up with $500 billion of that through Medicare cuts (in other words, that's how he'd literally find HALF of the money for his progam) -- and yet to this day O-dumba (and the Democrats) still can't actually name where these so-called cuts are going to come from. Instead, they just SAID they'd magically find HALF A TRILLION in savings, and then decided to add that money -- still sight unseen -- into the pile. Tell you what. I can play the Democratic game of creative accounting too. Here's how it works... I have bills to pay... I need to save money this year... but hey, no problem! Since I work in Hollywood, I'm SURE that I'm gonna sell a $1 MILLION screenplay this year. I'm SURE things will break my way the best way imaginable! What's that? You want to know if I have a $1 million offer on the table now? Uh...no...I don't. But, hey, I'm thinking positive, and that's all that counts -- right? So since I'm SURE it's gonna happen, I'm just gonna go ahead and add that million bucks into my bank account, BEFORE I've even made it. WOW! LOOK AT THAT! Once I toss a mythical million dollars into my bank account, I have no more debt! Wow, that sure was easy to balance my check book. Guess I won't have to worry about any bills this year after all! And, yes, that's EXACTLY how Obama and the Democrats did their health care reform math... |
#6
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C-MIN: Tracy is correct and she just happens to agree with you? I'm not going to engage with you, because I don't want to read a short story. Conse 'Pubs have the POV that any pol who isn't a Conse 'Pub will FAIL, and a Conse 'Pub who fails isn't Conse enough. Can it be any more narrow that? Make it short or don't reply. TAL |
#7
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OWWWCH!!! Another post deleted?
OK, lets wrap this up...Would SOMEBODY tell me Bush's greatest achievement? |
#8
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That's so easy: TAX CUTS. The best way to buy a vote legally. |
#9
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What else is his greatest achievement from my perspective? Initiating the Moon/Mars exploration program at Nasa. It's been 38 years since we've been beyond low Earth orbit and there's still several years to go, but we're finally on track.
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A lesbian trapped in a man's body |
#10
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#11
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Feel free to blame "Bubba" for Ft. Hood.
__________________
*More posts than Bionca* [QUOTE=God(from Futurama)]Right and wrong are just words; what matters is what you do... If you do too much, people get dependent on you. And if you do nothing, they lose hope... When you do things right, people won't be sure you've done anything at all. Last edited by The Conquistador; 01-25-2010 at 11:21 AM. |
#12
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ILA:
We south of the border have an interesting dynamic of debate: honest and political. In an honest debate you deal in only facts or bluffs. In a political debate a Conse 'Pub (conse-rvative re-pub-lican) can claim that Obama is NOT an American, and that is an EQUAL opinion. Using that yardstick, any attack that occurred on American soil is due to Clinton or Obama. Conse 'Pubs feel insulted when they are mocked, and they feel outrage over Obama on a daily basis for what he last did or will do or is doing. We used to have this only during election time, we now have it every day, and it used to be called silly season. TAL |
#13
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__________________
A lesbian trapped in a man's body |
#14
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Just because I'm telling you this story doesn't mean that I'm alive at the end of it. If a law is unjust, a man is not only right to disobey it, he is obligated to do so. DEO VINDICE |
#15
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__________________
"Man's capacity for justice makes democracy possible; but man's inclination to injustice makes democracy necessary." R.N. |
#16
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Read it again Mr. randolph. She said nothing of the like.
__________________
*More posts than Bionca* [QUOTE=God(from Futurama)]Right and wrong are just words; what matters is what you do... If you do too much, people get dependent on you. And if you do nothing, they lose hope... When you do things right, people won't be sure you've done anything at all. |
#17
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The implication of this statement is that if Bush had had more time, he could have prevented 9/11. This is total BS!
__________________
"Man's capacity for justice makes democracy possible; but man's inclination to injustice makes democracy necessary." R.N. |
#18
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Didn't you know that according to Dana Perino, there were no domestic attacks on Bush's term. St. Rudy of 9-11 said there were no attacks under Bush and 1 under Obama, but then his staff changed it to after 9-11. He forgot, no doubt. Or he meant to say, or he meant. Mary Matilin said Bush inherited 9-11. We were attacked under Clinton & Obama, while Bush-Cheney kept us safe. Rush Limbaugh blamed Obama for the economy in 9/08, and like Palin said about us: Quit making things up. You and I have opinions, and so do they. One of them on this board feels Obama is not an American. He's an illegal alien who plotted his way into office. and fooled all but a few Conse 'Pubs. He needs to be arrested and imprisoned. Now, if I was a rich Conse 'Pub, I'd buy a majority in the house and senate to impeach and convict Obama after the 11/4/10 election. Just buy what you need to convict and imprison Obama for deliberately trying to ruin the country, like Coulter knows for a fact. Conse 'Pubs on The SC have evened the playing field that was unfair to Conse 'Pubs, no doubt. TAL |
#19
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2) He recognized a threat and did not casually blow it off. Could he have found the terrorists had his order been signed earlier? Probably not. Our measures are more defensive and reactive in nature. Bush actually had an offensive mindset and took the fight to them rather than bending over and taking it in the ass. 3) I guarantee you that if Gore won, he would blow off the threat of Al-Qaeda just like his predecessor and once we were attacked, he would try to engage in "peaceful dialogue" and "empathy" or "understanding" with Al-Qaeda. Meanwhile his little tip-toeing would present the country as spineless and invite even more attacks against us.
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*More posts than Bionca* [QUOTE=God(from Futurama)]Right and wrong are just words; what matters is what you do... If you do too much, people get dependent on you. And if you do nothing, they lose hope... When you do things right, people won't be sure you've done anything at all. Last edited by The Conquistador; 01-25-2010 at 03:30 PM. |
#20
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You guys seem to have rather short memories. ![]()
__________________
"Man's capacity for justice makes democracy possible; but man's inclination to injustice makes democracy necessary." R.N. |
#21
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President Clinton took the fight to Bin Laden when he dropped a cruise missile in his camp in August '98. Missed him by two hours. Republicans called this a publicity stunt to divert attention from Monica Lewinski. It was actually this attack that probably prompted 9-11.
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