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Thread: U.S. GDP Grows Just 1.3%

  1. #181
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    Re: U.S. GDP Grows Just 1.3%

    Quote Originally Posted by Conservative View Post
    I am talking about the 2011 budget that was due last year before October, the Democrats ignored it and operated on CR's. The GOP took control and submitted a budget with spending cuts, it was rejected by the Senate and Obama who wants this crisis as a lifeline to re-election. Looks like it isn't working with the current approval ratings.

    Gallup.Com - Daily News, Polls, Public Opinion on Government, Politics, Economics, Management
    Well, let's see...

    As I posted earlier, Congress was working under the Balanced Budget and Emergency Deficit Control Act of 1985, as extended in February 2004 to cover expenditures thru FY2009. That took spending out to atleast September 30, 2009. When did the perverbial **** hit the fan? That's right! October, 2008. EVERYTHING went to hell in a handbasket at the beginning of FY2008 and continued well into FY2010 which takes us to September 30, 2010. It's no wonder no real budget's been submitted. If you really stop and THINK about what's transpired from the Fall of 2008 til now, I really don't see how any side of the political divide could have operated on anything other than a CR atleast until the end of FY2009 - which takes us into the lame duck session.

    And just so we all understand matters, would you want to make a budget proposal in the midterm election? Could you do so effectively? How will Congress look afterwards? As we see, the Dems lost the House, didn't they? But the newly elected Congress (House) campaigned on doing two things once elected:

    1) vote to repeal ObamaCare; failed and the GOP knew it was a futile effort to begin with; and,

    2) submit a jobs bill which according to the President's public statement as recent as July 18, 2011, still languishes in the Republican controlled House!

    And you expect the economy to move forward and jobs - even public works projects - to begin in earnest with no jobs bill? I may agree somewhat with Conservatives that the Stimulus bill didn't do all as promised, but atleast it had funding for public works projects in it. All the States had to do was act on those fundings; they haven't. Why? I suspect it's "politics as usual" considering that atleast half the States are now either run by Republican Governors or their legislature is controlled by Republican majorities. Look at what's happened since they took control? They've added to the unemployment numbers by forcing public employees out of work. And you expect me to view their actions as "responsible governance?" Please!!!

    To take this matter one-step further, the Tea Partiers may be standing on principle right now, but that's NOT what the country needs right now. It needs solidarity, and the only person who has called for it has been...wait for it...

    President Barack H. Obama, Jr.

    This isn't a love-fest; it's filtering out the white noise of politics and truly seeing what's happening out there. The GOP came into 2011 with a plan, and if you've read the book, "Revolt!" you know exactly what that plan entails. Holding out on increasing the debt limit even if it meant going up to the very last day (which technically speaking, TODAY MARKS THAT DAY!) was part of their plan. Read pages 106 - 108 and post what it says (I'd do it, but I left my copy of the book at home, but anyone can view snippets of the text just by going to Amazon.com and performing a simple keyword search, "debt ceiling". It say very clearly, "the debt ceiling is a fiction vote...Obama will likely veto it (paraphrase).
    Last edited by Objective Voice; 07-29-11 at 05:06 PM.

  2. #182
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    Re: U.S. GDP Grows Just 1.3%

    Quote Originally Posted by FilmFestGuy View Post

    And Congress, we're supposed to blame fiscally, but president's on calendar year, right? Even going back to January 1, 18 days before they take office? Is that the most effective way to judge them?
    Don't forget the "Obama rule." That's where you hold the president accountable for the economy from the day they were elected.

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    Re: U.S. GDP Grows Just 1.3%

    Quote Originally Posted by Sheik Yerbuti View Post
    Don't forget the "Obama rule." That's where you hold the president accountable for the economy from the day they were elected.
    Like, in, say, 2001.
    Right?

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    Re: U.S. GDP Grows Just 1.3%

    Keep cheerleading. If your boys "win" this one you can celebrate a full-blown depression.

  5. #185
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    Re: U.S. GDP Grows Just 1.3%

    Quote Originally Posted by Sheik Yerbuti View Post
    Do you realize that when I make a point and you can't refute it, but instread, repeat Obama's JAR or economic numbers, I take that to mean you know I'm right?
    Since you ignore the Obama results and anything that I use to refute your comments, it serves no purpose other than to restate the same thing over and over again. Keep digging that hole deeper and deeper

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    Re: U.S. GDP Grows Just 1.3%

    Quote Originally Posted by AdamT View Post
    Keep cheerleading. If your boys "win" this one you can celebrate a full-blown depression.
    Hey! Thats fearmongering!
    When did you become a Republican?

  7. #187
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    Re: U.S. GDP Grows Just 1.3%

    Quote Originally Posted by Sheik Yerbuti View Post
    Don't forget the "Obama rule." That's where you hold the president accountable for the economy from the day they were elected.
    It's been over 2 1/2 years. When exactly (withing a month is fine) does it belong to him?

  8. #188
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    Re: U.S. GDP Grows Just 1.3%

    Quote Originally Posted by Sheik Yerbuti View Post
    Don't forget the "Obama rule." That's where you hold the president accountable for the economy from the day they were elected.
    So Obama was responsible then for the 2009 results after he took office? Thanks for finally admitting that.

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    Re: U.S. GDP Grows Just 1.3%

    Quote Originally Posted by AdamT View Post
    Keep cheerleading. If your boys "win" this one you can celebrate a full-blown depression.

  10. #190
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    Re: U.S. GDP Grows Just 1.3%

    Quote Originally Posted by Conservative View Post
    So Obama was responsible then for the 2009 results after he took office? Thanks for finally admitting that.
    Yep, just like Bush was responsible for 9-11 and Reagan was responsible for the second worst recession since WWII.

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