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Thread: Debt ceiling cost to taxpayers: $1.7 billion

  1. #161
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    Re: Debt ceiling cost to taxpayers: $1.7 billion

    Quote Originally Posted by Conservative View Post
    Why do you continue to buy the lies of this Administration? Would you be this forgiving if it was Bush?
    I'm still waiting for you to tell my what lies you're talking about.

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    Re: Debt ceiling cost to taxpayers: $1.7 billion

    Quote Originally Posted by AdamT View Post
    You just cannot admit that you are wrong, there are preliminary and final numbers, April 28 was a preliminary number that was revised downward 1.8% GDP growth to .4% GDP. There are so many here that are misinformed and continue to buy the liberal rhetoric. 1.8% is terrible 2 years after the end of a recession but .4% is a disaster

    I don't think anyone is claiming the numbers are anything but weak. As ever, however, you fail to make your point. Obama has not done enough to stimulate the economy. Conservatives would not have stimulated the economy at all. If their rhetoric is to be believed, they would have allowed the banking system to crumble, the auto industry to implode, and unemployment to skyrocket. I'll take the 1.8% GDP growth.
    He did plenty, just spent the money wrong bailing out states and unions isn't stimulating as the numbers show. TARP was a Bush program, not an Obama problem. There wasn't 1.8% GDP growth, it was .4% and that is two years after the end of a recession. What is it about liberalism that creates such loyalty?
    Last edited by Conservative; 08-03-11 at 10:23 AM.

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    Re: Debt ceiling cost to taxpayers: $1.7 billion

    Quote Originally Posted by AdamT View Post
    I'm still waiting for you to tell my what lies you're talking about.
    You will just ignore them as you always do. Liberalism creates amazing loyalty even in the face of disastrous results.

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    Re: Debt ceiling cost to taxpayers: $1.7 billion

    Quote Originally Posted by AdamT View Post
    I don't think anyone is claiming the numbers are anything but weak. As ever, however, you fail to make your point. Obama has not done enough to stimulate the economy. Conservatives would not have stimulated the economy at all. If their rhetoric is to be believed, they would have allowed the banking system to crumble, the auto industry to implode, and unemployment to skyrocket. I'll take the 1.8% GDP growth.

    No you are not claiming that the numbers aren't weak, rather trying to deflect blame right on que with what the WH handlers over at MSNBC are feeding you. Using your own crystal ball I could just as easily say with the same certainty as you profess that had we not wasted over a Trillion dollars in paying off Obama supporters, the likely event would have been that we'd be wiping our collective brow right now with an improving economy after some real wake up pain.

    Instead your argument seems to be that $5Trillion in less than 3 years isn't enough....Tell me, for how long does something have to fail before you actually see it as a failure? Or is that only reserved for the political ideology you disagree with?

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    Re: Debt ceiling cost to taxpayers: $1.7 billion

    Quote Originally Posted by Conservative View Post
    I don't think anyone is claiming the numbers are anything but weak. As ever, however, you fail to make your point. Obama has not done enough to stimulate the economy. Conservatives would not have stimulated the economy at all. If their rhetoric is to be believed, they would have allowed the banking system to crumble, the auto industry to implode, and unemployment to skyrocket. I'll take the 1.8% GDP growth.
    He did plenty, just spent the money wrong bailing out states and unions isn't stimulating as the numbers show. TARP was a Bush program, not an Obama problem. There wasn't 1.8% GDP growth, it was .4% and that is two years after the end of a recession. What is it about liberalism that creates such loyalty?[/QUOTE]

    TARP was supported by Democrats and opposed by Republicans, although Bush did sign it -- one of the few smart things he ever did. Re: GDP growth -- sorry, I meant to say 1.3%, which was the most recent quarter.

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    Re: Debt ceiling cost to taxpayers: $1.7 billion

    Quote Originally Posted by AdamT View Post
    He did plenty, just spent the money wrong bailing out states and unions isn't stimulating as the numbers show. TARP was a Bush program, not an Obama problem. There wasn't 1.8% GDP growth, it was .4% and that is two years after the end of a recession. What is it about liberalism that creates such loyalty?
    TARP was supported by Democrats and opposed by Republicans, although Bush did sign it -- one of the few smart things he ever did. Re: GDP growth -- sorry, I meant to say 1.3%, which was the most recent quarter.[/QUOTE]

    He bailed out union contracts which are state responsibility. That isn't what the stimulus was supposed to do. It has been a failure as shown by the GDP numbers and the debt increase

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    Re: Debt ceiling cost to taxpayers: $1.7 billion

    Quote Originally Posted by j-mac View Post
    No you are not claiming that the numbers aren't weak, rather trying to deflect blame right on que with what the WH handlers over at MSNBC are feeding you. Using your own crystal ball I could just as easily say with the same certainty as you profess that had we not wasted over a Trillion dollars in paying off Obama supporters, the likely event would have been that we'd be wiping our collective brow right now with an improving economy after some real wake up pain.

    Instead your argument seems to be that $5Trillion in less than 3 years isn't enough....Tell me, for how long does something have to fail before you actually see it as a failure? Or is that only reserved for the political ideology you disagree with?

    j-mac
    Try to be factually accurate, at least. I am not claiming that the numbers aren't weak, i.e., I'm not saying that the numbers are strong. FACT.

    You are correct that we cannot definitively say what would have happened if another course of action had been followed, but we can make credible assumptions. It is not credible to suggest that pumping over a trillion dollars into the economy didn't stimulate the economy. No one with even a rudimentary understanding of economics would suggest such a thing.

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    Re: Debt ceiling cost to taxpayers: $1.7 billion

    Quote Originally Posted by Conservative View Post
    TARP was supported by Democrats and opposed by Republicans, although Bush did sign it -- one of the few smart things he ever did. Re: GDP growth -- sorry, I meant to say 1.3%, which was the most recent quarter.
    He bailed out union contracts which are state responsibility. That isn't what the stimulus was supposed to do. It has been a failure as shown by the GDP numbers and the debt increase[/QUOTE]

    Unions are regulated by the NLRB (National Labor Relations Board) -- not states. What Obama did was save the auto industry and upwards of a million American jobs. Union members are working Americans.

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    Re: Debt ceiling cost to taxpayers: $1.7 billion

    Quote Originally Posted by AdamT View Post
    TARP was supported by Democrats and opposed by Republicans, although Bush did sign it -- one of the few smart things he ever did. Re: GDP growth -- sorry, I meant to say 1.3%, which was the most recent quarter.

    You are distorting numbers. TARP was a huge loss for this country.

    Of the $699 billion in total capital, $142 billion has yet to be committed. Of the funds already allocated, Uncle Sam has incurred a total cost of $159 billion. What does that mean?

    Recall the number of times that government officials told taxpayers that we would make money on investments in AIG and the like. Well, so far we’ve lost $159 billion dollars across all our TARP investments. The loss is calculated as the difference in funds committed and allocated to securities and the market value of those securities. That loss represents 36% of the funds committed and actually allocated.

    Have We Lost Money Under TARP | Sense on Cents
    j-mac
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    Re: Debt ceiling cost to taxpayers: $1.7 billion

    Quote Originally Posted by j-mac View Post
    You are distorting numbers. TARP was a huge loss for this country.



    j-mac
    Sadly, TARP was absolutely essential. If we had not done TARP, IMHO, we would be in a severe depression right now.

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