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Thread: 2010 Midterm Results Discussion

  1. #931
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    Re: 2010 Midterm Results Discussion

    Quote Originally Posted by donc View Post
    Dontcha just love this new-found regard for attacking budget deficits?
    Obama says he will cut federal deficit in half - Business - Economy at a Crossroads - msnbc.com

    Obama Vows To Halve Deficit In 4 Years - CBS News

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    Re: 2010 Midterm Results Discussion


    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

  3. #933
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    Re: 2010 Midterm Results Discussion

    Quote Originally Posted by Boo Radley View Post
    It's a beautiful thing.
    After 4 years of the Democrats controlling the purse strings let's see what the Republicans will do. The electorate spoke and in the words of Barack Obama, "We won, you lost" so get over it.

  4. #934
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    Re: 2010 Midterm Results Discussion

    Quote Originally Posted by Conservative View Post
    After 4 years of the Democrats controlling the purse strings let's see what the Republicans will do. The electorate spoke and in the words of Barack Obama, "We won, you lost" so get over it.
    We've seen how the republicnas will do. Same song, different singer.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: 2010 Midterm Results Discussion

    Quote Originally Posted by Boo Radley View Post
    We've seen how the republicnas will do. Same song, different singer.
    Uh, let's see, Republicans controlled the Congress from 2003-2006, Democrats controlled the Congress from 2007-2009. Want to compare deficits? didn't think so.

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    Re: 2010 Midterm Results Discussion

    Quote Originally Posted by Boo Radley View Post
    It's only been two years.
    LOL!

    Hoyer: No Budget Resolution This Year because of Deficit Concerns - Political Hotsheet - CBS News

    Just saying
    yeah, you do that a lot

  7. #937
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    Re: 2010 Midterm Results Discussion

    Yep, I do, as it has only been two years. That's a fact.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: 2010 Midterm Results Discussion

    Quote Originally Posted by Conservative View Post
    Uh, let's see, Republicans controlled the Congress from 2003-2006, Democrats controlled the Congress from 2007-2009. Want to compare deficits? didn't think so.
    Want to compare events and other factors?

    Same song, different singer.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

  9. #939
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    Re: 2010 Midterm Results Discussion

    Quote Originally Posted by Conservative View Post
    Conservatives vote to reconfirm that social issues are personal responsibilities. Those issues belong in the states, not the Federal Govt.
    Except that the practical outcome is that the interests of the wealthy completely dominate society. Or did you not notice the massive recession that we are presently in that was directly created by the overextending greed of banks and mortgage corporations. I would also add that the men responsible for creating this massive financial scam got away with it, because we have this absurd notion that anything done in the interest of profit is sacrosanct. Or how about all of the backlash against the government going after BP? Why should businessmen not be held accountable for the harm they cause?

    It's all very fine to say that it's not the federal government's responsibility to police these sorts of things, but in practical terms, no one else possibly could. No matter how free you are on paper, realistically, everything you think you own is still only yours if big business says you have it. They can take your home and your assets because you are in debt to them, and we have allowed them to rewrite our economy to ensure that we are all perpetually in debt. Are you a student? Did you get a mortgage? Did you buy a car? We need these things to keep up in society, and the only way we can get them is to allow corporate interests to own us.

    So I ask again, why vote to ensure that business fatcats prosper and you suffer?
    Liberté. Égalité. Fraternité.

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    Re: 2010 Midterm Results Discussion

    Quote Originally Posted by Boo Radley View Post
    Want to compare events and other factors?

    Same song, different singer.
    Events, like 9/11, the Clinton recession, and financial crisis that wasn't prevented by Democrats? Ok, you first, tell me what Democrats did to prevent the financial meltdown. Here is what you want to ignore

    Fiscal year (begins

    10/01 of prev. year) Value % of GDP

    2001 $144.5 billion 1.4%
    2002 $409.5 billion 3.9%
    2003 $589.0 billion 5.5%
    2004 $605.0 billion 5.3%
    2005 $523.0 billion 4.3%
    2006 $536.5 billion 4.1%
    2007 $459.5 billion 3.4%
    2008 $962.2 billion 6.6%
    2009 $1785.6 billion 12.5%
    2010 $1471.0 billion (est.)10.0%

    So you need to do the math but let me help you

    Democrat controlled Congress deficits 5232.3

    Republican controlled Congress deficits 2253.5

    Thanks for calling that to my attention.

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