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Thread: U.S. Economy Added 162,000 Jobs in March, Most in 3 Years

  1. #251
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    Re: U.S. Economy Added 162,000 Jobs in March, Most in 3 Years

    Quote Originally Posted by USA-1 View Post
    Obama just doesn't have what it takes to pull us out of the Bush financial collapse.
    i know

    it's a shame

    that's what he was elected to do

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    Re: U.S. Economy Added 162,000 Jobs in March, Most in 3 Years

    Quote Originally Posted by The Prof View Post
    i know

    it's a shame

    that's what he was elected to do
    Yes he failed miserably. He was way too optimistic about his policies and too ignorant of how bad things really were when he took office.
    "This Administration will constantly strive to promote an ownership society in America. We want more people owning their own home. It is in our national interest that more people own their own home. After all, if you own your own home, you have a vital stake in the future of our country."" GWB

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    Re: U.S. Economy Added 162,000 Jobs in March, Most in 3 Years

    "Yes he failed miserably. He was way too ignorant about his policies"

    THERE... fixed it!
    CROUCH DOWN AND LICK THE HAND THAT FEEDS YOU; MAY YOUR CHAINS WEIGH LIGHTLY UPON YOU; AND MAY PROSPERITY FORGET THAT YE WERE MY COUNTRYMEN. -SAMUEL ADAMS

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    Re: U.S. Economy Added 162,000 Jobs in March, Most in 3 Years

    Quote Originally Posted by ConservaBill View Post
    "Yes he failed miserably. He was way too ignorant about his policies"

    THERE... fixed it!
    Well, his policies did keep us from going into a full blown depression, but expecting him to fix the disaster left him by the last administration was too optimistic.
    Bush did way too much damage for a guy like Obama to fix even after taking the advice of Bernanke.
    "This Administration will constantly strive to promote an ownership society in America. We want more people owning their own home. It is in our national interest that more people own their own home. After all, if you own your own home, you have a vital stake in the future of our country."" GWB

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    Re: U.S. Economy Added 162,000 Jobs in March, Most in 3 Years

    bernanke---LOL!

    the too ignorant president who failed miserably isn't listening to that economic necromancer

    washingtonpost.com

    "keynes once said in the long run we are all dead," speechified the chairman

    "if he were around today he'd say in the long run we're all on social security and medicare..."

    LOL!

    the dude with the funny little beard has a sense of humor, at least

    Social Security Payout to Exceed Revenue This Year - NYTimes.com
    Last edited by The Prof; 04-16-10 at 11:30 AM.

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    Re: U.S. Economy Added 162,000 Jobs in March, Most in 3 Years

    Quote Originally Posted by USA-1 View Post
    Well, his policies did keep us from going into a full blown depression, but expecting him to fix the disaster left him by the last administration was too optimistic.
    Bush did way too much damage for a guy like Obama to fix even after taking the advice of Bernanke.
    Bush, Bush, Bush, Bush, Bush.......LOL

    Barney Frank and Chris Dodd brought you the subprime mess. And that began in the 90s.

    There's where this mess came from. Sure, Bush added to the pile with his liberal Medicare bill and his more liberal TARP funding, but the Democrats own the fault for this, and their constituents are paying the price in massive unemployment, foreclosures, and bankruptcies.

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    Re: U.S. Economy Added 162,000 Jobs in March, Most in 3 Years

    Quote Originally Posted by Erod View Post
    Bush, Bush, Bush, Bush, Bush.......LOL

    Barney Frank and Chris Dodd brought you the subprime mess. And that began in the 90s.

    There's where this mess came from. Sure, Bush added to the pile with his liberal Medicare bill and his more liberal TARP funding, but the Democrats own the fault for this, and their constituents are paying the price in massive unemployment, foreclosures, and bankruptcies.
    Bush and Greenspan created the housing bubble. It could have never happened without record low interest rates and Bush's homeownership policies. Hell, Bush even eliminated down payments.
    Fannie and Freddie were victims of the housing collapse, not the cause.

    Fannie Mae and Freddie Mac were victims, not culprits - BusinessWeek
    http://www.nytimes.com/2008/12/21/business/21admin.html
    USATODAY.com - Bush seeks to increase minority homeownership
    “No one wanted to stop that bubble,” Mr. Lindsey said. “It would have conflicted with the president’s own policies.”

    How can you people still be in denial to the fact that Bush left Obama the worst economy since the Great Depression.
    Last edited by USA_1; 04-16-10 at 12:24 PM.
    "This Administration will constantly strive to promote an ownership society in America. We want more people owning their own home. It is in our national interest that more people own their own home. After all, if you own your own home, you have a vital stake in the future of our country."" GWB

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    Re: U.S. Economy Added 162,000 Jobs in March, Most in 3 Years

    Quote Originally Posted by USA-1 View Post
    Well, his policies did keep us from going into a full blown depression, but expecting him to fix the disaster left him by the last administration was too optimistic.
    Bush did way too much damage for a guy like Obama to fix even after taking the advice of Bernanke.
    OK, lets have a honest debate about what exactly the Obama administration did to keep us out of a full blown recession, as you say.

    I say that TARP was created under the previous administration so Obama should not take credit for that. The stimulus was tiny for an economy of our size. We spent something like $200 billion in 2009 on a $13 trillion economy. Clearly not the bold move needed to ward of the recession. In addition many feel that the money was improperly targeted. Much of the 2009 money went in the form on tax cuts to the poor. This allowed people to pay off some debt or save a bit. However to cut off a recession you want the money to directly flow into the economy. Actually the Chinese did a much better job with their stimulus package and they are communists!

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    Re: U.S. Economy Added 162,000 Jobs in March, Most in 3 Years

    Quote Originally Posted by washunut View Post
    I say that TARP was created under the previous administration so Obama should not take credit for that.
    Do you support TARP?

    The stimulus was tiny for an economy of our size. We spent something like $200 billion in 2009 on a $13 trillion economy. Clearly not the bold move needed to ward of the recession.
    I blame the Republicans for digging their heels in against a larger one.

    In addition many feel that the money was improperly targeted. Much of the 2009 money went in the form on tax cuts to the poor. This allowed people to pay off some debt or save a bit. However to cut off a recession you want the money to directly flow into the economy.
    How else would you target it? Put cash in the hands of the poor and they spend it. They don't save it, they can't afford to.

    Actually the Chinese did a much better job with their stimulus package and they are communists!
    Barely.

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    Re: U.S. Economy Added 162,000 Jobs in March, Most in 3 Years

    Quote Originally Posted by misterman View Post
    Do you support TARP?

    I did not, but I also did have an answer on how to stop the slide.



    I blame the Republicans for digging their heels in against a larger one.

    Silly to blame one side. The bill spent $787 billion. My issue is the timing not the size of the bill.



    How else would you target it? Put cash in the hands of the poor and they spend it. They don't save it, they can't afford to.

    Should have been targeted into infrastructure ( our roads and bridges are falling apart); building out better telecommunications; energy etc.

    On the spending side more tax credits like they did for energy fix ups for homes.

    Their economy grew at about 3x our rate in Q1 2010. They also did a large build out of high speed rails as an example of infrastructure spending.



    Barely.
    Many progressive economists like Krugman agree that this stimulus package was not sufficient.

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