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United States loses its AAA Credit rating from S & P

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I've seen this inane talking point repeated over and over in here by libs that must think everyone is actually stupid enough to buy this crap.

Listen you can't base, and tout success on a presupposition of what might of, could of, or would have happened because these are things that you really can not know with any degree of certainty.

Second, the Obama economy has logged some 400K of unemployment applicants since as far back as I can remember in his Presidency. Now, if you really want to say that adding some 118K jobs is a positive then I would say that simple math disagrees with your spin....That by my calculations is still 282K in the negative.

Then, we have the stimulus that "Sheriff" Joe said was creating all these jobs, when the truth of the matter is that it really wasn't...And the jobs that it did manage to create cost the tax payer in some cases hundreds of thousands of dollars to create one job that paid little more than minimum wage. Who got that money? hmmmm....?

And libs answer to all of this is that we didn't waste enough money? how insane is that?

j-mac

Well, you can if you're concerned about truth and not political gain. Ever sand bag for a flood? The water is raising, and we sand bag the banks. We don't stop the rising, but we slow down the damage, and while there is often still flooding, at the end of the day a reasonable person can look a see that the damage was less due to the efforts. Denying such is often silly.

We know, factually, some jobs were not lost due to the stimulus. You may argue the cost was too great, but you can't reasonably argue that soem jobs weren't saved.
 
In 2007, about 38 percent of households paid no federal income tax, a figure that jumped to 49 percent in 2008, according to estimates by the Tax Policy Center.

In 2008, President George W. Bush signed a law providing most families with rebate checks of $300 to $1,200. Last year, Obama signed the economic recovery law that expanded some tax credits and created others. Most targeted low- and middle-income families.
Yes. It was a mistake. It needs to be fixed. When we have one group of people who pay and another who get and they in different groups we have set the nation up for failure. Eventually I will refuse to pay any more. I will move away. I will hide my wealth. I will prevent others from stealing my wealth from me through them voting for thug politicians who will take my things away in order to give them to others who will vote for thim.
 
Yep, but for someone like you who thinks we have a revenue problem that tax code is never addressed

We have a debt problem. Do try to quote me accurately. :coffeepap
 
It's difficult to be a good president when an entire party states plainly they want to make him a one term president and that's the only goal.

Kind of like Democrats in control of Congress in 2007-2008, wouldn't you say? What did that Congress do to prevent Bush from "destroying the economy" as liberals claim?
 
We have a debt problem. Do try to quote me accurately. :coffeepap

Yep, spending too much causes debt, govt. revenue grew after the Bush tax cuts were fully implemented just like they did when the Reagan tax cuts were fully implemented
 
We know, factually, some jobs were not lost due to the stimulus. You may argue the cost was too great, but you can't reasonably argue that some jobs weren't saved.
True. Public sector union jobs were protected by transferring taxpayer money to them through the states. This is one more reason why public sector unions must be emasculated if not actually outlawed.
 
Kind of like Democrats in control of Congress in 2007-2008, wouldn't you say? What did that Congress do to prevent Bush from "destroying the economy" as liberals claim?

Bush has six years prior to that. None of which help him or his crappy record.
 
It's difficult to be a good president when an entire party states plainly they want to make him a one term president and that's the only goal.
Fortunately, the one term Marxist president Obama is doing most of the difficult work of getting rid of him all by himself.
 
Bush has six years prior to that. None of which help him or his crappy record.

Interesting how the actual results don't support your comments. BEA.gov, BLS.gov, and the U.S. Treasury give a different picture of the Bush rhetoric. Seems you continue to buy the media rhetoric. Didn't Obama inherit a AAA credit rating from Bush?
 
Fortunately, the one term Marxist president Obama is doing most of the difficult work of getting rid of him all by himself.

As a non-partisan, that marxist crap just gets old after a while.
 
True. Public sector union jobs were protected by transferring taxpayer money to them through the states. This is one more reason why public sector unions must be emasculated if not actually outlawed.

As we don't have such a union here, and tax payer money did save jobs, who should I demonize? :coffeepap
 
As we don't have such a union here, and tax payer money did save jobs, who should I demonize? :coffeepap

Tax cuts were of benefit to the taxpayer, you seem to have a problem with that
 
Tax cuts were of benefit to the taxpayer, you seem to have a problem with that

What do yuo think I said? You're not even close to a response that has any connection to the question I asked. Reread and try again. :lamo
 
As we don't have such a union here, and tax payer money did save jobs, who should I demonize? :coffeepap

Obama of course, haven't you been paying attention? I am pretty sure he was also responsible for the Cuban Missle Crisis and several natural disasters around the globe.
 
What do yuo think I said? You're not even close to a response that has any connection to the question I asked. Reread and try again. :lamo

Try to comprehend what is being posted here, Obama inherited a AAA credit rating from Bush and saw it downgraded. He spent trillions and generated the following results.

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!
 
Obama of course, haven't you been paying attention? I am pretty sure he was also responsible for the Cuban Missle Crisis and several natural disasters around the globe.

No, that would have been GW Bush and isn't it amazing that GW Bush snuck back into the WH and generated the following 2011 economic results

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!
 
Try to comprehend what is being posted here, Obama inherited a AAA credit rating from Bush and saw it downgraded. He spent trillions and generated the following results.

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!

Again, you responded to my comment. Did you read it, or the response, or do you just have standard replys you post regardless to what you reply to? :lamo
 
Again, you responded to my comment. Did you read it, or the response, or do you just have standard replys you post regardless to what you reply to? :lamo

Yep, read it and responded accordingly
 
Again, you responded to my comment. Did you read it, or the response, or do you just have standard replys you post regardless to what you reply to? :lamo

Asking what percentage of our debt can be addressed with taxes is a legit question. One that I see asked over and over without a reply. Yes, I note that you agree that we have a debt problem but only a small percentage is going to be able to addressed with new taxes.
 
No, that would have been GW Bush and isn't it amazing that GW Bush snuck back into the WH and generated the following 2011 economic results

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!

In 2008 Bush handed Obama the worse job loss (2,590,000) since 1945 which was 2,750,000. Even worse than Reagan's job loss in 1982 of 2,130,00. Nov. and Dec. of 2008 were 2 straight months where the economy lost over 500,000 jobs.

Total 2008 job loss: 2.6 million - Jan. 9, 2009
 
Banks concocted $14 trillion of toxic assets that S&P rated AAA between 2003 and 2008.

S&P Debt-Rating-Downgrade Hypocrisy - The Daily Beast

That high-class rating was the criterion hurdle that allowed international cities, towns, and pension funds to scoop up those assets, and then borrow against them because of their superior quality, and later suffer devastating losses and bankruptcies when the market didn’t afford them the value that the S&P AAA rating would have implied.
 
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