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Thread: SOTU Address:[W: 378; 1310; 1451]

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    re: SOTU Address:[W: 378; 1310; 1451]

    Quote Originally Posted by Catawba View Post
    The results show that your opinion is in the minority clearly as the president was reelected by a wide margin.
    Then tell that to all the unemployed and those suffering under this President's economic policies. 4 million votes isn't a wide margin but just goes to show that rhetoric always trumps substance to the Obamabots

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    re: SOTU Address:[W: 378; 1310; 1451]

    Quote Originally Posted by Catawba View Post
    "Prices have fallen some 33 percent since the market began its collapse, greater than the 31 percent fall that began in the late 1920s and culminated in the early 1930s, according to Case-Shiller data."
    US Housing Crisis Is Now Worse Than Great Depression



    Jan 27, 2009 - "This morning I testified before the House Budget Committee on The State of the Economy and Issues in Developing an Effective Policy Response (click here for full text of my written testimony). My testimony discussed both the basis for CBO's forecast (released earlier this month, click here for text) and reviewed the financial and nonfinancialdevelopments that have occurredsince that forecast was finalized. So far, the news has been generally consistent with the agency's expectations-- and does not alter the bleak outlook.

    Itouched on three key points this morning:

    1. The economy is currently weathering a recession that started more than a year ago, and absent a change in fiscal policy, CBO projects that the shortfall in the nation'soutput relative to potential levels will be the largest-- induration and depth-- sincethe Depression of the 1930s.
    2. Most economists agree thatboth significant fiscal stimulus and additional financial and monetary policy approaches are needed.
    3. H.R. 1, the American Recovery and Reinvestment Act of 2009, would, in CBO's judgment, provide a substantial boost to economic activity over the next several years relative to what would occur without the legislation."
    CBO | Testimony on the Economy and Stimulus


    2012 - "Under questioning from skeptical Republicans, the director of the nonpartisan (and widely respected) Congressional Budget Office was emphatic about the value of the 2009 stimulus. And, he said, the vast majority of economists agree.

    In a survey conducted by the University of Chicago Booth School of Business, 80 percent of economic experts agreed that, because of the stimulus, the U.S. unemployment rate was lower at the end of 2010 than it would have been otherwise.

    "Only 4 percent disagreed or strongly disagreed," CBO Director Douglas Elmendorf told the House Budget Committee. "That," he added, "is a distinct minority."

    "Most economists not only think it should have worked; they think it did work, Elmendorf replied. CBO's own analysis found that the package added as many as 3.3 million jobs to the economy during the second quarter of 2010, and may have prevented the nation from lapsing back into recession."

    Daily Kos: CBO Director Demolishes GOP's Stimulus Myth
    So what you have left are some opinions and the greatest national debt in word history.

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    re: SOTU Address:[W: 378; 1310; 1451]

    Quote Originally Posted by Catawba View Post
    The results show that your opinion is in the minority clearly as the president was reelected by a wide margin.
    And food stamps increased by a wide margin.

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    re: SOTU Address:[W: 378; 1310; 1451]

    Quote Originally Posted by Catawba View Post
    The results show that your opinion is in the minority clearly as the president was reelected by a wide margin.
    When and if you went to school what did they teach you as to the role of the Federal govt. vs the state governments?

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    re: SOTU Address:[W: 378; 1310; 1451]

    Quote Originally Posted by AlabamaPaul View Post
    Wooosh, right over your head. The question was in reference to the decisions made during and following TARP...
    I was pointing out to you that it was only Democrats that opposed the Repeal of the Glass-Steagall Act. However, if you you support separating commercial banks and investment banks you are in luck -


    Elizabeth Warren renews call for Glass-Steagall Act following JPMorgan's announcement that risky trading loss grew to $5.8 billion | masslive.com
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    re: SOTU Address:[W: 378; 1310; 1451]

    Quote Originally Posted by Catawba View Post
    I was pointing out to you that it was only Democrats that opposed the Repeal of the Glass-Steagall Act. However, if you you support separating commercial banks and investment banks you are in luck -


    Elizabeth Warren renews call for Glass-Steagall Act following JPMorgan's announcement that risky trading loss grew to $5.8 billion | masslive.com
    Well let us look at that vote:

    The House passed its version of the Financial Services Act of 1999 on July 1, 1999, by a bipartisan vote of 343-86 (Republicans 20516; Democrats 13869; Independent 01),[5][6][note 1] two months after the Senate had already passed its version of the bill on May 6 by a much-narrower 5444 vote along basically-partisan lines (53 Republicans and 1 Democrat in favor; 44 Democrats opposed).

    On November 4, the final bill resolving the differences (between the House and Senate versions) was passed by the Senate 90-8,[13][note 4] and by the House 362-57.[14][note 5] The legislation was signed into law by President Bill Clinton on November 12, 1999

    Gramm
    What it shows was that the initial Senate opposition was purely symbolic. House Dems overwhelmingly approved it, and in the end, so did Senate Dems.

    That's a SMACKDOWN !!!

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    re: SOTU Address:[W: 378; 1310; 1451]

    Quote Originally Posted by Conservative View Post
    When and if you went to school what did they teach you as to the role of the Federal govt. vs the state governments?
    Federal powers reign supreme over state powers.

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    re: SOTU Address:[W: 378; 1310; 1451]

    Quote Originally Posted by Jack Hays View Post
    Your offerings are often aimed too high. You think too much of your fellow man. Good evening, AP.
    Good evening 2m. I hope your holiday was enjoyable...
    I don't often change my signature, but this was just too over the top to let anyone forget with what this country is up against...
    Quote Originally Posted by James D Hill View Post
    I am for gay marriage because it ticks off Jesus freaks and social conservatives. Gays are also good voters because the vote for my side so I fight next to them.

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    re: SOTU Address:[W: 378; 1310; 1451]

    [QUOTE=Catawba;1061480241]I was pointing out to you that it was only Democrats that opposed the Repeal of the Glass-Steagall Act. However, if you you support separating commercial banks and investment banks you are in luck -


    Why don't you point out that Bob Rubin was the main advocate for its repeal?
    I don't often change my signature, but this was just too over the top to let anyone forget with what this country is up against...
    Quote Originally Posted by James D Hill View Post
    I am for gay marriage because it ticks off Jesus freaks and social conservatives. Gays are also good voters because the vote for my side so I fight next to them.

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    re: SOTU Address:[W: 378; 1310; 1451]

    Quote Originally Posted by zstep18 View Post
    Federal powers reign supreme over state powers.
    That wasn't the question

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