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United States loses its AAA Credit rating from S & P

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Here we go again, an obsession with Reagan and total ignorance of what is happening right now. I lived and worked during the Reagan years, did you? I am witnessing right now the total destruction of the private sector today and you are ignoring it. What does Reagan have to do with the thread topic? You are however distorting and actually ignoring his record. Get that from bea.gov, bls.gov, and the U.S. Treasury sites.

If the average American spent the money that this govt. spent they would have gone bankrupt long, long ago. So your answer is Obamanomics? Didn't he inherit a AAA rating from Bush? How do you justify the following results in 2011

My source seems to understand a free market better than you.

It's too bad that neo cons have no real concept of free market. If they did, they would most certainly not blame Obama for the current economy. My point would have ultimately been to demonstrate how no matter which party we vote for, the results are mostly indistinguishable between parties. And yet this is what people focus on. All of the debt piling up was happening long before Obama was even in the senate. Think about it. The government is thoroughly corrupted, and it certainly it doesn't work for average people. And while Americans are bickering about which party to blame, nothing changes. All sides have failed us.
 
Right, and they are pretty substantial, given where he started.

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.

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.
 
My source seems to understand a free market better than you.

It's too bad that neo cons have no real concept of free market. If they did, they would most certainly not blame Obama for the current economy. My point would have ultimately been to demonstrate how no matter which party we vote for, the results are mostly indistinguishable between parties. And yet this is what people focus on. All of the debt piling up was happening long before Obama was even in the senate. Think about it. The government is thoroughly corrupted, and it certainly it doesn't work for average people. And while Americans are bickering about which party to blame, nothing changes. All sides have failed us.

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
 
Right, and they are pretty substantial, given where he started.

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.

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.
 
He also inherited all of Bush's debt, so what was your point? LOL!!

Yes, just like Bush inherited 5.7 trillion from Clinton. So inheriting 10.4 trillion from Bush makes it ok that Obama has increased it to 14.5 trillion? Interesting liberal logic. Deficits are yearly and add to the debt. obama spending has added 4 trillion in less than 3 years. Guess you slept through the past three years and still blame Bush for Obama spending
 
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.
 
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
 
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
 
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
 
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.
 
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
 
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.
 
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
 
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.
 
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?
 
Obama's job was to "fix the Bush" mess as you call it but obviously ignore the Democrat Control of Congress that allowed those results to happen. If you ever ran anything you would understand that leaders always inherit someone else's problems and it is their job to fix it. If they don't then someone else will be hired to do it. The best news business can get today is Obama resigning.

the rightwinges job is to ignore the bush* job destruction program of big spending and big govt debt. When Obama took office, he started creating jobs, but when the rightwingers won the house, they started destroying jobs again. If the right ever ran anything they would understand that democrats always inherit republican caused problems and it is their job to fix it. If they don't then someone else will be hired to do it.
 
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.

Like Obama firing missiles into Pakistan, a country we're not at war with, like almost as many soldiers being killed on Obama's watch as on Bush's watch, like Obama signing tax cuts for millionaires and billionaires.
 
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.

thanks to bush*. the rightwingers in DC always screw up the economy. It takes a dem to fix it
 
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

Blind, are you? -well I did post the facts about the 80s, and I demonstrated that Reagan spent more than even the most generous social reformer.

I am not a liberal, and I do not support Obama. I can see the damage he is doing. He's adding to damage that has already been done by BOTH sides.
 
Yes, Obama handed Obama 12.6 million unemployed and today it is over 15 million. He handed Obama 142.2 million working Americans and it is now 139 million. Obama apparently thought Bush was doing such a great job that he took the Bush results and made them worse

No bush* handed Obama 12.6 million unemployed and he started creating jobs until the repubs won the house. bush* handed Obama 142.2 million working Americans and the repubs in the house turned it into 139 million. rightwingers apparently thought bsuh* di such a great job that they took the bush* job destruction pgm results and made them worse
 
Congress makes the laws and Congress approves all the legislation. That is basic civics. Seems to day 2 1/2 years after Obama took office you are still blaming Bush for Obama results

And that's why you blame Obama; because it's congress' fault :roll:

The rightwing has nothing but a pack of lies
 
Actually factual results are worth a thousand words except to a liberal. Didn't Obama inherit a AAA credit rating from 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 cause a credit downgrade

Obama inherited a $10T debt from the republicans big spending programs that mired us in debt.

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
 
Post 915 tells you how much Obama improved the employment situation.

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.
 
Right, and they are pretty substantial, given where he started.

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.

Now you're getting the idea, but you're forgetting about the $10T in debt that Obama inherited from the rightwing big spending policies
 
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