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Thread: US deficit tops Obama forecast by 1.2 trillion dollars: CBO

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    Re: US deficit tops Obama forecast by 1.2 trillion dollars: CBO

    but the bus (LOL!) has nothing to do with obama's FAILURE to close gitmo

    obama's FAILURE to try ksm in manhattan

    obama's FAILURE to turn iran

    obama's FAILURE to get health care

    obama's FAILURE to do cap and trade

    obama's FAILURE to win reg reform

    obama's FAILURE to keep massachusetts

    obama's FAILURE to hold on to seniors and independents

    obama's LOSS of the ENTHUSIASM of youths and african americans

    obama's FAILURE to elicit cooperation from hu and/or putin the puppet master

    obama's FAILURE even to REMEMBER the bank tax, spending freeze, debt commission, don't ask don't tell, figments of a sotu

    it was only ONE MONTH ago---LOL!

    he's already FORGOTTEN everything he said in his SOTU!

    LOL!

    now THAT's funny!

    obama's FAILURE to get currency negotiation with china

    obama's FAILURE to keep unemployment at 8%

    DESPITE a FULL YEAR of stimu... i mean, recovery act funds of 862 billion dollars

    americans are crying---where's the results of the stimulus (they still use the obscene s-word)?

    americans are crying---where's the results from the reach out?

    obama's FAILURE to cut the deficit in half (LOL!) like he promised

    obama's FAILURE to PIVOT to JOBS (LOL!)

    obama's FAILURE to end rendition, detention, the patriot act

    obama's FAILURE to get climate accords

    obama's a LOSER

    and that's TODAY

    staring angrily into a rear view mirror is no way to drive a bus
    Last edited by The Prof; 03-06-10 at 01:29 PM.

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    Re: US deficit tops Obama forecast by 1.2 trillion dollars: CBO

    Quote Originally Posted by doc mercer View Post
    This crap started under that POS Reagan ...

    Clinton fined tuned the bus and then Bush drove to the bus into a lake
    of quicksand ...


    If Reagan had not climbed into bed with the Iranians on that hostage gig
    and Bush had not been appointed in 2000 this country would not be in
    the sorry ass state we find ourselves in today
    Yep, Clinton fine tuned the bus as well as Monica. Neither Clinton or Bush are in office now so keep diverting from that reality. You buy what you are told but since you have no basic understanding of civics it is hard to even discuss issues with you. Facts simply get in the way of your personal opinion and hatred for free enterprise, capitalism, and national security. Fortunately we have a country that has people a lot smarter than you appear to be.

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    Re: US deficit tops Obama forecast by 1.2 trillion dollars: CBO

    Quote Originally Posted by Conservative View Post
    Spoken like a true liberal soldier that would throw himself on a sword to protect an ideology. We weren't close to a depression in 2009 but are closer now. What was missing in 2009 when Obama took office that you and others want to ignore was high inflation and high interest rates.

    When Obama took office the labor force was 154.6 million and today that number is 153.5 or a reduction of 1.1 million workers that needs to be added to the unemployment number of 15 million. Those people are in a depression.

    All I have heard over and over again was the Bush debt, the Bush debt, and the Bush debt but now Obama will create more debt in 3 years than Bush did in 8 and according to liberals that was terrible. Now this is your spin?
    If the Country is in as bad a shape in 7 years when Obama leaves office as it was when he took over...then yes....I will rag on Obama the same way that I diss Bush.
    I just don't expect Obama to get us out of the mess GWB created overnight.
    <font size=5><b>Its been several weeks since the Vegas shooting.  Its it still "Too Early" or can we start having the conversation about finally doing something about these mass shootings???​</b></font>

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    Re: US deficit tops Obama forecast by 1.2 trillion dollars: CBO

    Quote Originally Posted by disneydude View Post
    If the Country is in as bad a shape in 7 years when Obama leaves office as it was when he took over...then yes....I will rag on Obama the same way that I diss Bush.
    I just don't expect Obama to get us out of the mess GWB created overnight.
    Please take a civics class and learn how our govt. runs. What exactly did Bush do that hurt you or this country causing the mess that you claim Obama inherited?

    Do you know that Obama was a U.S. Senator and that Congress was run by the Democrats for the past 3 years? What affect does Congress have on the economy and when did we go into recession?

    Do you know who Barney Frank and Chris Dodd are? Find out what affect they had on the financial crisis.

    Please get back to me after you have done some basic research on how our govt. runs, who spends the money, and the affect the President has on the economy. I look forward to hearing from you.

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    Re: US deficit tops Obama forecast by 1.2 trillion dollars: CBO

    Quote Originally Posted by Conservative View Post
    Please get back to me after you have done some basic research on how our govt. runs, who spends the money, and the affect the President has on the economy. I look forward to hearing from you.
    And there were plenty of times Bush could use a VETO to prevent that spending, he didn't. So please stop acting like Bush was a perfect little angel in this economy mess.

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    Re: US deficit tops Obama forecast by 1.2 trillion dollars: CBO

    Quote Originally Posted by Conservative View Post
    Please take a civics class and learn how our govt. runs. What exactly did Bush do that hurt you or this country causing the mess that you claim Obama inherited?

    Do you know that Obama was a U.S. Senator and that Congress was run by the Democrats for the past 3 years? What affect does Congress have on the economy and when did we go into recession?
    As this current economic crisis was coming down the pipes from events beginning in 2001 Obama and the democratic congress of 2007-2009 had very little impact. At best they could have enacted some policies that would have made it somewhat smalller but in no way prevented it

    Do you know who Barney Frank and Chris Dodd are? Find out what affect they had on the financial crisis.
    Very little

    Despite what racist morons have told you the CRA had very little impact on the housing bubble and poor mortgage lending practices. Lending to minorities in Cleveland did not cause the housing/banking crisis.

    Please get back to me after you have done some basic research on how our govt. runs, who spends the money, and the affect the President has on the economy. I look forward to hearing from you.

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    Re: US deficit tops Obama forecast by 1.2 trillion dollars: CBO

    Quote Originally Posted by TheNextEra View Post
    And there were plenty of times Bush could use a VETO to prevent that spending, he didn't. So please stop acting like Bush was a perfect little angel in this economy mess.
    I have never said that Bush was the perfect angel and was against Bush a number of times including Immigration reform, the Prescription drug program, and TARP.

    Bush beat the alternative to Gore or Kerry but now people are getting carried away. I would take Bush back in a heartbeat over what we have now and history will judge him a lot better than any of the Bush haters would like to see.

    Bush's economic plan led to 46 straight months of economic growth after taking over a country in recession and after 9/11. Facts simply get in the way of brainwashed individuals who want badly to buy the negative Bush spin.

    It is a lot easier for people to place blame on Bush than it is to accept responsibility for their elected Representatives helping create the problems we have today. Obama has his own Congress in power and has delegated responsibility to them. You can never delegate responsibility but only authority. Obama blames everyone else but himself or the problems we have today. He has done absolutely nothing to help solve the economic problems we have and all that money he is spending is not only unsustainable but also has to be repaid.

    There is something wrong with an economy built on the public sector where public employees make more than private sector employees. Public sector employees are funded by the taxpayer who aren't getting a good return on that investment.

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    Re: US deficit tops Obama forecast by 1.2 trillion dollars: CBO

    Lord Tammerlain;1058603226]As this current economic crisis was coming down the pipes from events beginning in 2001 Obama and the democratic congress of 2007-2009 had very little impact. At best they could have enacted some policies that would have made it somewhat smalller but in no way prevented it Very little
    So now we go back to 2001 when this crisis began? Interesting, better tell that to the Bureau of Economic Analysis that got it wrong. 46 straight months of strong economic growth with a GDP growing almost 5 trillion dollars. Maybe you and Mercer can get in the same civics and economics classes.

    Despite what racist morons have told you the CRA had very little impact on the housing bubble and poor mortgage lending practices. Lending to minorities in Cleveland did not cause the housing/banking crisis.
    So it is racist to be against Obama policies? So it is racist to expect people that take a loan to pay those loans? It is racist for expecting someone to read what they are signing? Since you are on a roll please tell us what led to the economic crisis we have today and what Obama policy is doing any good to get us out of that crisis?

    I love being lectured by Canadians especially those Canadians that havent a clue

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    Re: US deficit tops Obama forecast by 1.2 trillion dollars: CBO

    Quote Originally Posted by Conservative View Post
    So now we go back to 2001 when this crisis began? Interesting, better tell that to the Bureau of Economic Analysis that got it wrong. 46 straight months of strong economic growth with a GDP growing almost 5 trillion dollars. Maybe you and Mercer can get in the same civics and economics classes.
    No the crisis did not begin in 2001. It was set up back then

    The recession in 2001 was quite minor, due in large part to heavy government and Fed stimulation. The Bush admin ran large deficits which are stimulative to the economy and the fed ran historically low interest rates for an extended period of time. The recession of 2001 should have been far larger then it was. The bursting of the stock market bubble should have had a far larger impact on the economy then it did. As such Greenspan increased the moral hazard in the financial industry ( by creating an impression of governmental assistance during economic hard times, let alone the moral hazard he created during the LTCM crisis in the late 90s).

    Along with decreased regulation of the banking industry, changes in Basel II all of which increased the short term profitability of offering mortgages where people would have a hard time paying them back ( generally due to the mortgage being far too large for the individual to support making payment. The housing bubble, the CDS (derivative) were issues that were years in the making, they did not just appear in 2006 and lead to the economic collapse in 2008-2009.



    So it is racist to be against Obama policies? So it is racist to expect people that take a loan to pay those loans? It is racist for expecting someone to read what they are signing? Since you are on a roll please tell us what led to the economic crisis we have today and what Obama policy is doing any good to get us out of that crisis?

    I love being lectured by Canadians especially those Canadians that havent a clue
    It is racist to believe lending to minorities in Cleveland (ie CRA) is the reason why the banking industry collapsed.

    As for being lectured, if you had a clue you wouldnt need to be lectured, I suggest ignoring who is in office and do some serious reading about the economy and what occurred during the Clinton admin, the Bush admin regarding changes to bank regulation, which allowed the banks to increase their leverage to 30 +to 1. On what changes to the mortgage industry lead to changes in mortgage lending standards (Mortgage backed securities). On who were the leading subprime mortgage lenders, Ie not institutions that were regulated by the CRA (like Countrywide for instance)

    And please increase your reading comprehension

    I said it

    Despite what racist morons have told you the CRA had very little impact on the housing bubble and poor mortgage lending practices. Lending to minorities in Cleveland did not cause the housing/banking crisis.
    The CRA was enacted in the late 70s with a change in the 90s. Obama had very very little to do with creating the CRA ( he would have I believe still been in school)

    It is racist morons who want to blame minorities for the economic crisis rather then idiotic policies of the banks, and individuals across the nation who made poor choices

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    Re: US deficit tops Obama forecast by 1.2 trillion dollars: CBO

    Quote Originally Posted by doc mercer View Post
    This crap started under that POS Reagan ...

    Clinton fined tuned the bus and then Bush drove to the bus into a lake
    of quicksand ...


    If Reagan had not climbed into bed with the Iranians on that hostage gig
    and Bush had not been appointed in 2000 this country would not be in
    the sorry ass state we find ourselves in today
    Yea, never mind the fact that the Executive Branch does not appropriate funds...

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