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

  1. #1911
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    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by Conservative View Post
    Where is the liberal responsibility for the following

    Obama economic results in 2011, .4% GDP and 1.3% GDP growth in 2011, 25+ 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! 40% JAR and well over 50% disapproval ratings.
    You should really see someone for your alzheimers.

    And what Obama inherited: economy shedding 700,000+ jobs per month, GDP shrinking at 6+% per year, financial institutions teetering on the edge of collapse, trillion+ deficit.... Nice improvement.

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

    Quote Originally Posted by Boo Radley View Post
    Squirrel!!!!!

    Hate to confuse you with facts, 2 1/2 years after taking office and over two years since the end of the recession these are the results Obama has generated. The best you can do is divert and ignore those facts as you continue to buy the rhetoric. Looks like you are actually worse than a squirrel

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

    Quote Originally Posted by Conservative View Post
    Hate to confuse you with facts, 2 1/2 years after taking office and over two years since the end of the recession these are the results Obama has generated. The best you can do is divert and ignore those facts as you continue to buy the rhetoric. Looks like you are actually worse than a squirrel
    That's right, he has turned negative growth into positive growth. Sorry if he isn't cleaning up the Republican's spilled milk fast enough for you.

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

    Quote Originally Posted by AdamT View Post
    You should really see someone for your alzheimers.

    And what Obama inherited: economy shedding 700,000+ jobs per month, GDP shrinking at 6+% per year, financial institutions teetering on the edge of collapse, trillion+ deficit.... Nice improvement.
    The one that seems to be an expert on the past but ignores the present is you. Net jobs loss, more unemployed today than when he took office, dropping labor force. Those results that you say are better than what he inherited? What is in that kool-aid you are drinking?

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

    Quote Originally Posted by Conservative View Post
    The one that seems to be an expert on the past but ignores the present is you. Net jobs loss, more unemployed today than when he took office, dropping labor force. Those results that you say are better than what he inherited? What is in that kool-aid you are drinking?
    Sure, no one is denying that Obama isn't a wizard. He couldn't wave his magic wand and make the worst recession in three generations disappear over night. You would have to be insane to think that he could.

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

    Quote Originally Posted by AdamT View Post
    That's right, he has turned negative growth into positive growth. Sorry if he isn't cleaning up the Republican's spilled milk fast enough for you.
    Can you name me a modern day President that had these kind of economic results two years after the end of a recession? you really ought to pay attention to the declining economic results since first qtr 2010

    2009 GDP Growth

    1st -6.7
    2nd -.7
    3rd 1.7
    4th 3.8

    2010

    1st 3.9
    2nd 3.8
    3rd 2.5
    4th 2.3

    2011

    1st .4
    2nd 1.3(Preliminary)

    Want to be that the 1.3% GDP growth isn't downgraded when the actuals show up like the 1.9% projection first qtr 2011 that was reduced to a .4% actual? These are the economic results you are proud of

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

    Quote Originally Posted by AdamT View Post
    Sure, no one is denying that Obama isn't a wizard. He couldn't wave his magic wand and make the worst recession in three generations disappear over night. You would have to be insane to think that he could.
    Why not? He waved the taxpayer checkbook at the problem,had a blank check, total control of the legislative process much more than any Republican ever had and still generated these results. Nothing is going to change the mind of the brainwashed

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

    Quote Originally Posted by Conservative View Post
    Can you name me a modern day President that had these kind of economic results two years after the end of a recession?
    No modern president has had to deal with a recession this severe. But what I can tell you is that recovery times have been increasing for each successive recession since the 1980s. This is part of a long term trend.

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

    Quote Originally Posted by AdamT View Post
    People retire. People go to school and stop looking for jobs. You do realize that the labor force participation rate fell every year that Bush was President, right? Except for '07 -- at the height of the real estate bubble? Then it really started falling off a cliff in 2008 and it hasn't recovered yet.

    Nontheless, "Total nonfarm payroll employment rose by 117,000 in July, and the unemployment rate was little
    changed at 9.1 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in health
    care, retail trade, manufacturing, and mining. Government employment continued to trend down."


    http://www.bls.gov/news.release/pdf/empsit.pdf
    Great news? The labor force dropped, more discouraged people dropped out of the labor force and are no longer counted as unemployed. The total Labor Force is dropping. Prove that they dropped every year of the Bush Presidency. You can't so you just spout DNC talking points. The liberal elites love having people like you and continue to laugh at you.

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

    Quote Originally Posted by AdamT View Post
    No modern president has had to deal with a recession this severe. But what I can tell you is that recovery times have been increasing for each successive recession since the 1980s. This is part of a long term trend.
    Here we go again, 17.5%+ interest rates, 20%+ misery index, and 10.8% unemployment is worse by any standard today. A bad recession today is the inability to get the latest IPOD, IPAD, or cell phone.

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