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Thread: National Debt Up $3 Trillion on Obama's Watch

  1. #131
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    Re: National Debt Up $3 Trillion on Obama's Watch

    Quote Originally Posted by USA-1 View Post
    Obama did kind of inherit the recession, too.
    Bush had the Clinton recession and the economic problems from 911 his first year

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    Re: National Debt Up $3 Trillion on Obama's Watch

    Quote Originally Posted by ptif219 View Post
    Bush had the Clinton recession and the economic problems from 911 his first year
    Yes he did and Bush used the housing sector to pull us out of that recession which led to the worst economic meltdown since the Great Depression.

    Last edited by USA_1; 10-20-10 at 07:44 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: National Debt Up $3 Trillion on Obama's Watch

    Quote Originally Posted by pbrauer View Post
    Bush's first year in office was Clinton's budget and Obama's first year in office is from Bush. Obama inherited the Bush tax cuts, the wars and Medicare part "D" which were all unfunded.
    Yep! And Bush talked about it, too.
    And Clinton did the Same . .. they all played the blame game for a little while but eventually that runs it's course.

    Time acts like a buffer - I wish I was more aware of politics when I was younger - watching Rush Limbaugh flapping his yaps on TV when I was 9 doesn't count
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    It has happened before, but there is nothing to compare it to now.
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    Re: National Debt Up $3 Trillion on Obama's Watch

    Quote Originally Posted by USA-1 View Post
    Yes he did and Bush used the housing sector to pull us out of that recession which led to the worst economic meltdown since the Great Depression.

    That happened when democrats got back the majority in congress

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    Re: National Debt Up $3 Trillion on Obama's Watch

    Quote Originally Posted by ptif219 View Post
    That happened when democrats got back the majority in congress
    You're kidding. Right? The collapse of the housing sector began in '06. It amazes me how partisanship can blind people to reality.

    Last edited by USA_1; 10-20-10 at 08:16 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: National Debt Up $3 Trillion on Obama's Watch

    Quote Originally Posted by USA-1 View Post
    Yes he did and Bush used the housing sector to pull us out of that recession which led to the worst economic meltdown since the Great Depression.
    If that is so, then why did demo's double down on the policies in the new financial reform legislation?

    j-mac
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    Re: National Debt Up $3 Trillion on Obama's Watch

    Quote Originally Posted by j-mac View Post
    If that is so, then why did demo's double down on the policies in the new financial reform legislation?

    j-mac
    Because democrats are just as stupid as republicans.
    "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: National Debt Up $3 Trillion on Obama's Watch

    Quote Originally Posted by USA-1 View Post
    You're kidding. Right? The collapse of the housing sector began in '06. It amazes me how partisanship can blind people to reality.
    Actually it started with the CRA, and Clinton put it on steroids...Bush didn't help, but repubs were screaming about the impending crisis in 07 to deaf demo's....




    Yet demo's wanted to cover for the crook Franklin Raines. What a farce.


    j-mac
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

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    Re: National Debt Up $3 Trillion on Obama's Watch

    Quote Originally Posted by USA-1 View Post
    Because democrats are just as stupid as republicans.
    Well, I don't totally disagree there, but the electorate kicked them out, now the demo's own the show, and still try the childish game of blame.


    j-mac
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

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    Re: National Debt Up $3 Trillion on Obama's Watch

    Quote Originally Posted by j-mac View Post
    Actually it started with the CRA, and Clinton put it on steroids...Bush didn't help, but repubs were screaming about the impending crisis in 07 to deaf demo's....




    Yet demo's wanted to cover for the crook Franklin Raines. What a farce.


    j-mac
    The CRA really had nothing to do with the real estate boom and bust of the last decade. Do the research and the truth will set you free.
    Last edited by USA_1; 10-20-10 at 08:21 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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