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Thread: Obama's Approval Rating Drops to Lowest Ever, According to Gallup

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    Re: Obama's Approval Rating Drops to Lowest Ever, According to Gallup

    Quote Originally Posted by Conservative View Post

    You claimed that 200 billion of repayment was applied to the 2009 budget so prove it.
    That's not what I said.

    What I said was $200B of TARP was applied to the FY2009 budget. Turned out that was based on the projection made in January, 2009. The actual number turns out to be $152B.

    I recall you claiming some $500B was spent in FY2009, is that right? Wouldn't that mean that about $350B was paid back to reduce the defict since the totaloutlay for FY2009 was $152B?

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    Re: Obama's Approval Rating Drops to Lowest Ever, According to Gallup

    Quote Originally Posted by Sheik Yerbuti View Post
    That's not what I said.

    What I said was $200B of TARP was applied to the FY2009 budget. Turned out that was based on the projection made in January, 2009. The actual number turns out to be $152B.

    I recall you claiming some $500B was spent in FY2009, is that right? Wouldn't that mean that about $350B was paid back to reduce the defict since the totaloutlay for FY2009 was $152B?
    These are the true deficits: Bush $800B, Obama $1.4T - TheHill.com

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    Re: Obama's Approval Rating Drops to Lowest Ever, According to Gallup

    Quote Originally Posted by Conservative View Post
    These are the true deficits: Bush $800B, Obama $1.4T - TheHill.com

    Apparently you don'tknoow the difference between spending an a loan.
    And apparently you don't know the difference between Dick Morris and the CBO.

    You're quoting Disk Morris ...

    I'm showing you where the CBO shows only $152B in outlays for fiscal year 2009 were for TARP.

    You're like a flailing fish gasping for air on the deck of my boat with that Dick Morris nonsense.

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    Re: Obama's Approval Rating Drops to Lowest Ever, According to Gallup

    Quote Originally Posted by Sheik Yerbuti View Post
    And apparently you don't know the difference between Dick Morris and the CBO.

    You're quoting Disk Morris ...

    I'm showing you where the CBO shows only $152B in outlays for fiscal year 2009 were for TARP.

    You're like a flailing fish gasping for air on the deck of my boat with that Dick Morris nonsense.


    So what happens with TARP repayments?

    December 20, 2009|By Kathleen Pender

    "I am reading lately about billions of bailout dollars being repaid to the U.S. Treasury, but I do not recall hearing or reading about how these funds are used after being returned. Are they simply unaccounted for in the big scheme of things? Used to reduce the debt? Or put into a new congressional slush fund? Have you written on this issue? If not, can you point me to a site that tells me, the answer, if there is one?"

    Unfortunately there is no simple answer. Some Republicans say that any money returned to the Troubled Assets Relief Program or TARP, must go toward deficit reduction. President Obama and some Democrats say unused TARP money can be used for all sorts of things.

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    Re: Obama's Approval Rating Drops to Lowest Ever, According to Gallup

    Here's an obvious lie Dick Morris is telling in the article ...


    "In 2008, George W. Bush ran a deficit of $485 billion." ~ Dick Morris.


    Actual deficit for FY2008: 1,017,071,524,650

    Government - Historical Debt Outstanding - Annual 2000 - 2010

    Why are you quoting liars, Conservative?

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    Re: Obama's Approval Rating Drops to Lowest Ever, According to Gallup

    Quote Originally Posted by Sheik Yerbuti View Post
    Here's an obvious lie Dick Morris is telling in the article ...


    "In 2008, George W. Bush ran a deficit of $485 billion." ~ Dick Morris.


    Actual deficit for FY2008: 1,017,071,524,650

    Government - Historical Debt Outstanding - Annual 2000 - 2010

    Why are you quoting liars, Conservative?
    I haven't quoted you once yet and if you don't stop calling me a liar and others liars because they disagree with you then I have no further use for you.

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    Re: Obama's Approval Rating Drops to Lowest Ever, According to Gallup

    Quote Originally Posted by Conservative View Post
    So what happens with TARP repayments?

    December 20, 2009|By Kathleen Pender

    "I am reading lately about billions of bailout dollars being repaid to the U.S. Treasury, but I do not recall hearing or reading about how these funds are used after being returned. Are they simply unaccounted for in the big scheme of things? Used to reduce the debt? Or put into a new congressional slush fund? Have you written on this issue? If not, can you point me to a site that tells me, the answer, if there is one?"

    Unfortunately there is no simple answer. Some Republicans say that any money returned to the Troubled Assets Relief Program or TARP, must go toward deficit reduction. President Obama and some Democrats say unused TARP money can be used for all sorts of things.
    Stop quoting liars and post the numbers.

    I've already given how much was applied aginst the FY2009 budget: $152B

    Now you post how much was given out in FY2009.

    You post how much was repain during FY2009.

    If the difference is greater than $152B, then you have an argument to make. But quoting liars like Dick Morris is not making your case.

    Do your homework and post the numbers.

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    Re: Obama's Approval Rating Drops to Lowest Ever, According to Gallup

    Quote Originally Posted by Conservative View Post

    I haven't quoted you once yet and if you don't stop calling me a liar and others liars because they disagree with you then I have no further use for you.
    I just showed you where Dick Morris lied. I just showed you where he claimed a $1 trillion deficit was only a $485B deficit.

    You defend his lie even after it's shoved in your face??

    Figures.

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    Re: Obama's Approval Rating Drops to Lowest Ever, According to Gallup

    Quote Originally Posted by Conservative View Post
    I haven't quoted you once yet and if you don't stop calling me a liar and others liars because they disagree with you then I have no further use for you.
    You mean the treasury department is not good enough for you yet dick morris is?

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    Re: Obama's Approval Rating Drops to Lowest Ever, According to Gallup

    Quote Originally Posted by Sheik Yerbuti View Post
    Here's an obvious lie Dick Morris is telling in the article ...


    "In 2008, George W. Bush ran a deficit of $485 billion." ~ Dick Morris.


    Actual deficit for FY2008: 1,017,071,524,650

    Government - Historical Debt Outstanding - Annual 2000 - 2010

    Why are you quoting liars, Conservative?
    Calling someone a "liar" rather than 'incorrect' has become far too commonplace.

    Dick Morris explains where the President is getting his numbers from:

    In 2008, George W. Bush ran a deficit of $485 billion. By the time the fiscal year started, on Oct. 1, 2008, it had gone up by another $100 billion due to increased recession-related spending and depressed revenues. So it was about $600 billion at the start of the fiscal crisis. That was the real Bush deficit.

    But when the fiscal crisis hit, Bush had to pass the Troubled Asset Relief Program (TARP) in the final months of his presidency, which cost $700 billion. Under the federal budget rules, a loan and a grant are treated the same. So the $700 billion pushed the deficit — officially — up to $1.3 trillion. But not really. The $700 billion was a short-term loan. $500 billion of it has already been repaid.

    So what was the real deficit Obama inherited? The $600 billion deficit Bush was running plus the $200 billion of TARP money that probably won’t be repaid (mainly AIG and Fannie Mae and Freddie Mac). That totals $800 billion. That was the real deficit Obama inherited.

    Then … he added $300 billion in his stimulus package, bringing the deficit to $1.1 trillion. This $300 billion was, of course, totally qualitatively different from the TARP money in that it was spending, not lending. It would never be paid back. Once it was out the door, it was gone. Other spending and falling revenues due to the recession pushed the final numbers for Obama’s 2009 deficit up to $1.4 trillion.

    One important note that both writers mentioned: the important thing being missed is JOBS. Job creation will create income earners, which will boost the economy and help revenues. This is what the debate in Washington should be all about.

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