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

  1. #931
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    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by Conservative View Post
    Where he started, 142.2 million employed to 139 million? 12.6 million unemployed to 15.1 million. That is definitely liberal improvement, LOL

    Do you always buy the leftwing spin and ignore actual results? They are making you look foolish and laughing their asses off.
    Do you find it surprising that he didn't go from losing 700,000+ jobs per month to gaining jobs in the blink of an eye? That's not how the real world works. It takes time to stem the flood of job losses, which of course reduces employment. Then you can start adding jobs.

    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 Conservative View Post
    You have shown no evidence that you have a clue what went on in the 80's and what Reagan inherited. Too bad because that has blinded you to the present and the disaster in the WH

    Hmmm interesting:


    Reality behind lofty rhetoric on Reagan legacy



    In fact, weekly per worker income dropped substantially during the Reagan years. Where the average American might take home a paycheck for $366 in 1972, she would earn $312 in 1987. Median family income, about $31,000 a year in 1973, plummeted in the early 1980s until recovering to 1973 levels in the late 1980s. After-tax median income, however, remained well below 1970s-era levels because of the redistribution of wealth caused by the tax cuts and debts regimen of the Reagan years.

    HoustonChronicle.com - Reality behind lofty rhetoric on Reagan legacy

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

    Quote Originally Posted by Conservative View Post
    Nice distortion, do you know what the average unemployment rate was during the Bush years? So what is your excuse for the Obama record today? What is it about liberalism that creates such loyalty? Must be youth and inexperience.

    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 cause a credit downgrade
    Nice distortion, do you know how many jobs were lost during the Bush years? So what is your excuse for the bush* record today? What is it about wingnuttery that creates such loyalty? Must be youth and inexperience.

    bush* 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. bush* was the First President in U.S. History to cause a credit downgrade
    Quote Originally Posted by matchlight View Post
    Justice Thomas' opinions consistently contain precise, detailed constitutional analyses.
    Quote Originally Posted by jaeger19 View Post
    the vast majority of folks that need healthcare are on Medicare.. both rich and poor..

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

    Quote Originally Posted by AdamT View Post
    Do you find it surprising that he didn't go from losing 700,000+ jobs per month to gaining jobs in the blink of an eye? That's not how the real world works. It takes time to stem the flood of job losses, which of course reduces employment. Then you can start adding jobs.

    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.
    I find it amazing that the Obama disapproval rating is over 50% and my bet is the 25 million unemployed or under employed Americans aren't impressed by the Obama record

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

    Quote Originally Posted by RiverDad View Post
    This "inherited" line of defense is so pathetic. How about Bush inheriting a social security and medicare system when he plainly stated he preferred a system of private accounts? How about Bush inheriting a system where Fannie and Freddie were already ticking time bombs. How about Ike inheriting a system which had a fully functioning "military and industrial complex" that he wouldn't have fostered if he'd had his druthers. How about Truman inheriting WWII. How about Nixon inheriting the Great Society programs.
    You might want to check out some of conservatives past post and what he has to say about the gipper inheriting carters economy.
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

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

    Quote Originally Posted by Conservative View Post
    What does that have to do with the present and the Obama results? Is this what you voted for?

    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 cause a credit downgrade
    Bush* caused the current economic disaster with his big spending, big govt program to destroy jobs

    bsuh* 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. bsuh* was the First President in U.S. History to cause a credit downgrade
    Quote Originally Posted by matchlight View Post
    Justice Thomas' opinions consistently contain precise, detailed constitutional analyses.
    Quote Originally Posted by jaeger19 View Post
    the vast majority of folks that need healthcare are on Medicare.. both rich and poor..

  7. #937
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    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by winston53660 View Post
    Hmmm interesting:


    Reality behind lofty rhetoric on Reagan legacy



    In fact, weekly per worker income dropped substantially during the Reagan years. Where the average American might take home a paycheck for $366 in 1972, she would earn $312 in 1987. Median family income, about $31,000 a year in 1973, plummeted in the early 1980s until recovering to 1973 levels in the late 1980s. After-tax median income, however, remained well below 1970s-era levels because of the redistribution of wealth caused by the tax cuts and debts regimen of the Reagan years.

    HoustonChronicle.com - Reality behind lofty rhetoric on Reagan legacy
    I am sure that the 25 million unemployed or under employed Americans are impressed by the analysis of the newspayer of the Reagan legacy.

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

    Quote Originally Posted by donc View Post
    You might want to check out some of conservatives past post and what he has to say about the gipper inheriting carters economy.
    What was the misery index on January 21, 1982

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

    Quote Originally Posted by RiverDad View Post
    This "inherited" line of defense is so pathetic. How about Bush inheriting a social security and medicare system when he plainly stated he preferred a system of private accounts? How about Bush inheriting a system where Fannie and Freddie were already ticking time bombs. How about Ike inheriting a system which had a fully functioning "military and industrial complex" that he wouldn't have fostered if he'd had his druthers. How about Truman inheriting WWII. How about Nixon inheriting the Great Society programs.
    I agree, those are all relevant things to consider. In fact, you would have to be wearing blinders not to recognize historical factors like Ike raising taxes, building the nation's highway system (huge government spending), and cutting military spending. Like Bush never vetoing a bill during the six years Republicans controlled Congress. Like Nixon massively expanding the Great Society programs.

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

    Quote Originally Posted by Conservative View Post
    I am sure that the 25 million unemployed or under employed Americans are impressed by the analysis of the newspayer of the Reagan legacy.


    All 25 million or just a fraction of?

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