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Thread: United States loses its AAA Credit rating from S & P

  1. #1051
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    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by AdamT View Post
    The point is that Reagan raised taxes time and time again, essentially cutting in half his initial tax cut which was totally unsustainable.

    You claim to have worked during Reagan's presidency but you don't recall all of the loopholes that were eliminated? He wiped out many deductions that ended up costing many people more in taxes than they saved from the rate cuts.

    "[Reagan] eventually endorsed the Tax Equity and Fiscal Responsibility Act of 1982. According to a Treasury Department analysis, it raised taxes by close to one percent of GDP, equivalent to $150 billion per year today, and was probably the largest peacetime tax increase in American history."
    Amazing that we are over 20 years after Reagan left office and you are still trying to re-write history and put him into a Thread about the Obama credit rating being downgraded. You are not going to win the argument on Reagan as I was there. Ask your parents how they felt about a 20 misery index and 10.8% unemployment? I don't know why you have such a problem with Reagan since you weren't old enough to know what he inherited and don't understand why you support Obama. There is no logic and common sense with liberals these days.

    This is what you should be worried about, not what happened over 20 years ago that you don't even understand. Didn't Obama inherit a triple A credit rating from Bush? By the way how did GW Bush hurt you or your family. Your hatred seems to be very personal. Suggest you ask the 25 million unemployed or under employed Americans today how they feel about GW Bush?

    Obama economic results in 2011, .4% GDP and 1.3% GDP growth in 2011, 24+ million unemployed or under employed Americans in 2011, 4 trillion added to the debt in less than 3 years, and a downgrade of the U.S. credit rating. Rising Misery index 7.83 to 12.67. First President in U.S. History to have our credit downgraded on his watch!

  2. #1052
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    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by Conservative View Post
    Obama told you he spent 800 billion to end the recession but very little of that money was spent in 2009 and the recession ended in June so where was the benefit for that spending?

    He had less revenue coming in because he did absolutely nothing to grow employment thus create taxpayers. He bailed out unions and other state jobs which isn't in his job description.

    You want to give Obama credit for ending the recession but ignore the results since the end of that recession. Did GW Bush sneak back into the WH and generate 2011 results? Do you realize how foolish you look and what a bad case of BDS you have? Not sure why?

    42% of the people in this country now think Obama is doing a good job. You are in that group. Over 50% now state they will not vote for him. Ever think you could be wrong in your assessment of Obama and the majority right? Bush has a higher approval rating today than Obama
    No, I want to give Obama credit for doing the best he could under trying circumstances. I don't think any sane person expected him to completely reverse the worst recession in three generations over night.

    As far as 2012 goes, we shall see. In the most recent CNN poll, Obama still beats all challengers.

    WH2012: General

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    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by Conservative View Post
    Amazing that we are over 20 years after Reagan left office and you are still trying to re-write history and put him into a Thread about the Obama credit rating being downgraded. You are not going to win the argument on Reagan as I was there. Ask your parents how they felt about a 20 misery index and 10.8% unemployment? I don't know why you have such a problem with Reagan since you weren't old enough to know what he inherited and don't understand why you support Obama. There is no logic and common sense with liberals these days.

    This is what you should be worried about, not what happened over 20 years ago that you don't even understand. Didn't Obama inherit a triple A credit rating from Bush? By the way how did GW Bush hurt you or your family. Your hatred seems to be very personal. Suggest you ask the 25 million unemployed or under employed Americans today how they feel about GW Bush?
    Yeah, I was there, too, kid. I remember all the people Reagan screwed over when he eliminted the deductions on investments they had already made. My father, specifically, had invested a lot of money in low income housing, because it was a good thing to do and because it was tax deductible. OOPS! And along comes Ronnie Raygun and suddently that investment he already made WASN'T tax deductible! Awesome.

  4. #1054
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    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by AdamT View Post
    No, I want to give Obama credit for doing the best he could under trying circumstances. I don't think any sane person expected him to completely reverse the worst recession in three generations over night.

    As far as 2012 goes, we shall see. In the most recent CNN poll, Obama still beats all challengers.

    WH2012: General
    Never managed anything, have you? Most sane people understand that you cannot delegate responsibility and blame everyone else. Obama wanted the job as President, campaigned for it but doesn't have a clue how to be a leader. He has shown NO leadership skills at all but instead acts like a King, where was Obama leadership the last 3 years?. I suggest a management course to learn the roles and responsibilities of a manager. Amazing how 2 1/2 years after taking office you are still very defensive of his record. This is what will be on the ballot in 2012 and why anyone would support this record is incredible. Apparently only 42% do.

    Obama economic results in 2011, .4% GDP and 1.3% GDP growth in 2011, 24+ million unemployed or under employed Americans in 2011, 4 trillion added to the debt in less than 3 years, and a downgrade of the U.S. credit rating. Rising Misery index 7.83 to 12.67. First President in U.S. History to have our credit downgraded on his watch!

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    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by Conservative View Post
    Never managed anything, have you? Most sane people understand that you cannot delegate responsibility and blame everyone else. Obama wanted the job as President, campaigned for it but doesn't have a clue how to be a leader. He has shown NO leadership skills at all but instead acts like a King, where was Obama leadership the last 3 years?. I suggest a management course to learn the roles and responsibilities of a manager. Amazing how 2 1/2 years after taking office you are still very defensive of his record. This is what will be on the ballot in 2012 and why anyone would support this record is incredible. Apparently only 42% do.
    Well, he has managed to end the recession he inherited -- worst in three generations -- and he has managed to start growing GDP and employment. I would imagine he could teach you quite a bit about management.

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    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by AdamT View Post
    Yeah, I was there, too, kid. I remember all the people Reagan screwed over when he eliminted the deductions on investments they had already made. My father, specifically, had invested a lot of money in low income housing, because it was a good thing to do and because it was tax deductible. OOPS! And along comes Ronnie Raygun and suddently that investment he already made WASN'T tax deductible! Awesome.
    Kid? thanks, my grandkids will enjoy hearing that. So much hatred for Reagan and so little focus on the present. It serves no purpose to discuss Reagan with you as it makes no difference today. Obviously you need the kind of Govt. Obama is offering and from your posts I understand why. Your total lack of understanding of leadership and the role of govt. is quite telling. The nanny state from Obama suits you well.

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    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by AdamT View Post
    Well, he has managed to end the recession he inherited -- worst in three generations -- and he has managed to start growing GDP and employment. I would imagine he could teach you quite a bit about management.
    TARP ended the Recession, nothing that Obama did. How did Obama end the recession in 5 months and then have the economy turn so sour 2 years later? Thanks for the suggestion but until Obama learns how to be a manager I doubt he could teach anyone anything. He is an arrogant ass and shows it daily. You buy the smile and the rhetoric while ignoring the results. 42% support Obama today and that number is dropping. Wonder why they don't see what you see?

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    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by AdamT View Post
    You claim to have worked during Reagan's presidency but you don't recall all of the loopholes that were eliminated? He wiped out many deductions that ended up costing many people more in taxes than they saved from the rate cuts.
    I fondly remember it as a time of unbridled optimism. It was morning again in America. And we all knew it. Well, except for a few sour liberals.

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    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by Conservative View Post
    First President in U.S. History to have our credit downgraded on his watch!
    So what? I don't think they're a credible rating agency. They're responsible for $14 trillion mortgaged backed securities containing toxic assets and rating them AAA. Why do you think this so important, especially since the interest rates on U.S. Treasurys have gone down since S&P? Harping on this make you look foolish.


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    Re: United States loses its AAA Credit rating from S & P

    everyone's entitled to an opinion

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