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Thread: Republicans block Obama jobs bill

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    Re: Republicans block Obama jobs bill

    Quote Originally Posted by Jryan View Post
    Depends, how long are you going to blame Obama and ignore the 14.8 trillion dollars Bush spent?
    HUH? Per BEA & UST the total debt in 2001 was 5.8t. At the end of '08 it was 10.0t...4.2t total ???? Where do you come up with the 14.8t number? Source please.

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    Re: Republicans block Obama jobs bill

    Quote Originally Posted by Jryan View Post
    Depends, how long are you going to blame Obama and ignore the 14.8 trillion dollars Bush spent?
    When you make dumb statements like that you have no credibility at all, 14.8TRILLION was spent by Bush? When and where? Proof?

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    Re: Republicans block Obama jobs bill

    Quote Originally Posted by Conservative View Post
    When you make dumb statements like that you have no credibility at all, 14.8TRILLION was spent by Bush? When and where? Proof?
    The Bush Economy - WSJ.com

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    Re: Republicans block Obama jobs bill

    Quote Originally Posted by Jryan View Post
    Interesting article, did you read it? Where is the 14.8 trillion spent by the Bush Administration? I suggest you get better educated on actual data by going to the following sites, bea.gov for GDP Growth, bls.gov for unemployment and employment, and U.S. Treasury for budget items, spending including debt service.

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    Re: Republicans block Obama jobs bill

    Quote Originally Posted by Conservative View Post
    Interesting article, did you read it? Where is the 14.8 trillion spent by the Bush Administration? I suggest you get better educated on actual data by going to the following sites, bea.gov for GDP Growth, bls.gov for unemployment and employment, and U.S. Treasury for budget items, spending including debt service.
    When the bust finally arrived with a vengeance in 2007, the political timing couldn't have been worse. Mr. Bush tried to rally with one more fiscal "stimulus," but he repeated his 2001 mistake and agreed to another round of tax rebates. They did little good. The Administration might have prevented the worst of the panic had it sought some sort of TARP-like financing for the banking system months or a year earlier than it did last autumn. But neither the Treasury nor the FDIC seemed to appreciate how big the banking system's problems were. Their financial triage was well meaning but came too late and in a frenzy that invited mistakes.

    I think you probably read the first half. I think he had the opportunity to fix the oncoming recession but instead decided to do what is popular. What is popular you might ask? Cutting taxes because no one, not even liberals, like paying taxes. So yes, in part, Bush is a major contributor to the current economic state. Not to mention the housing scam. I don't want to talk about that though because it disgust me.

    BTW, a certain someone would be disappointed if I didn't post this:

    http://www.debatepolitics.com/2012-u...post1059891740
    Last edited by Jryan; 10-22-11 at 06:44 PM.

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    Re: Republicans block Obama jobs bill

    Quote Originally Posted by Jryan View Post
    When the bust finally arrived with a vengeance in 2007, the political timing couldn't have been worse. Mr. Bush tried to rally with one more fiscal "stimulus," but he repeated his 2001 mistake and agreed to another round of tax rebates. They did little good. The Administration might have prevented the worst of the panic had it sought some sort of TARP-like financing for the banking system months or a year earlier than it did last autumn. But neither the Treasury nor the FDIC seemed to appreciate how big the banking system's problems were. Their financial triage was well meaning but came too late and in a frenzy that invited mistakes.

    I think you probably read the first half. I think he had the opportunity to fix the oncoming recession but instead decided to do what is popular. What is popular you might ask? Cutting taxes because no one, not even liberals, like paying taxes. So yes, in part, Bush is a major contributor to the current economic state. Not to mention the housing scam. I don't want to talk about that though because it disgust me.
    Your statement was that Bush spent 14.8 trillion dollars and you have yet to prove that. Further it has been claimed here that Bush didn't inherit a recession which of course the article refutes. Looks to me like you have selective reading skills.

    Here is an interesting paragraph from that article

    Democrats like to claim the 1990s were a golden age while the Bush years have been disastrous. But as the nearby chart shows, Mr. Bush inherited a recession. The dot-com bubble had burst in 2000, and the economy was sinking even before the shock of 9/11, the corporate scandals and Sarbanes-Oxley. Mr. Bush's original tax-cut proposal was designed in part as insurance against such a downturn.
    You are right, most people don't like paying taxes and currently 47% don't pay any FIT. Doubt seriously that anyone voting in 2012 are going to worry about inflation adjusted GDP numbers, the Bush record, or concerns about how much Bush added to the debt. What is more important is what Obama has done the last three years and the results I have posted which continue to be ignored.

    Let me know when you come up with the 14.8 trillion that you claimed?

    Depends, how long are you going to blame Obama and ignore the 14.8 trillion dollars Bush spent?

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    Re: Republicans block Obama jobs bill

    Let me know when you come up with the 14.8 trillion that you claimed?
    You ignored him ignoring the damaged economy.

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    Re: Republicans block Obama jobs bill

    Quote Originally Posted by Jryan View Post
    You ignored him ignoring the damaged economy.
    And you ignored the Treasury Data as there was nothing in that article claiming that Bush spent 14.8 trillion dollars and infact that article actually cites some excellent Bush results. Interesting that we are almost 3 years after Bush has left office, have terrible economic results, and many are still blaming Bush. Even the Obama Administration officials state that this is the Obama economy and the results are all his including the 4.2 trillion added to the debt, 2.6 million net job losses, 25 Plus million unemployed and under Employed Americans, and rising misery index. Those are the numbers that will be on the ballot in 2012, not foolish claims like the one you made and cannot back up

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    Re: Republicans block Obama jobs bill

    Quote Originally Posted by Jryan View Post
    You ignored him ignoring the damaged economy.
    Here are the Obama economic results, please explain to me where the damaged economy is that you want to blame Bush for the results today?

    http://www.bea.gov/iTable/iTable.cfm?ReqID=9&step=1

    Line 2009 2010 2011
    I II III IV I II III IV I II
    1 Gross domestic product

    2009 -6.7 -0.7 1.7 3.8
    2010 3.9 3.8 2.5 2.3
    2011 0.4 1.3
    Last edited by Conservative; 10-22-11 at 07:05 PM.

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    Re: Republicans block Obama jobs bill

    Note to liberals: Even though Bush may have sucked, it's apparent BO sucks more.
    I love the smell of burning moonbat in the morning.

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