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Thread: Obama announces his Candidacy for 2012.

  1. #631
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    Re: Obama announces his Candidacy for 2012.

    Quote Originally Posted by Sheik Yerbuti View Post
    Now you're arguing with yourself. In another post, you said that ARRA created or saved 3.5 million jobs.
    Didn't make that claim at all, reported CBO numbers, you really need to pay attention. CBO provided the report on February 24, 2011 based upon information given them by the Administration. You really need to learn how to research for yourself.

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    Re: Obama announces his Candidacy for 2012.

    Quote Originally Posted by Conservative View Post
    As I stated I blamed both Bush and the Congress for the recession, you obviously ignored that so have a good night, I am not going to fight with a moderator.
    BS....you haven't recognized 1 ounce of responsibility on GWB for creating the mess he did. All you ever do is attempt to deflect and deny...even calling GWB an economic genius.
    <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: Obama announces his Candidacy for 2012.

    well, at least they quit running against bush

    now they're campaigning against FORUMS MEMBERS

    LOL!

    more mature americans, meanwhile, will be mesmerized by matters more germane---libya, afghanistan, gas prices, inflation, housing, debt, unemployment, obamacare, cap and trade, energy, drilling, immigration, the cartels, iran, the middle east, transparency...

    and all the president's pusillanimous PUNTS

    party on, personality prone progressives

    seeya at the polls
    Last edited by The Prof; 04-05-11 at 05:58 PM.

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    Re: Obama announces his Candidacy for 2012.

    Quote Originally Posted by Conservative View Post

    Didn't make that claim at all, reported CBO numbers, you really need to pay attention. CBO provided the report on February 24, 2011 based upon information given them by the Administration. You really need to learn how to research for yourself.
    Yes, you made that claim. You claimed that the 787 billion dollar stimulus cost $228,000 per job. At $228,000 per job, that equates to almost 3.5 million jobs being created or saved. And as was proved by the link you provided for the CBO report you claim to have gotten that number from, the CBO never said anything about each job costing $228,000.

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    Re: Obama announces his Candidacy for 2012.

    Quote Originally Posted by Conservative View Post
    I have always said that Bush created TARP but it seems that Obama has a hard time giving him credit for TARP keeping us from a great depression as economists have stated. That is the point. I could say that TARP saved us but no one here would buy it but economists saying it makes it more credible to some. Some however still believe that the American Recovery and Reinvestment Act should get credit and I do give it credit, credit for creating more unemployment than when Obama took office, creating more debt, bailing out union pension funds, and doing nothing to put 15 million unemployed back to work. The recession ended according to NBER in June 2009 meaning that recovery began before that thus meaning that Obama had little impact on creating that recovery. It took time for Obama spending to hit the economy and there is no way that enough money was spent in 90 days to turn the economy around yet Obama takes credit for spending us towards bankruptcy. Combining TARP and ARRA together is puting oil and water together, they don't mix.
    One final comment then I'm done with this thread...

    I wouldn't have condemned you had you admitted long ago that Bush initiated TARP. I think it did more to stave off another depression than the ARRA. To that, I give Bush credit here because he took a bold step that clearly was unpopular with his political base, but it was necessary and the right thing to do. But I still have to give the Obama Administration credit as well for restructuring TARP to ensure the taxpayers were paid back as much of the TARP funds as possible.

    As to the ARRA, I don't think it had as negative an impact on the economy as you've outlined above. It could've been stronger (more money and perhaps its objectives more targetted towards the States), but that's water under the bridge now.

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    Re: Obama announces his Candidacy for 2012.

    Quote Originally Posted by disneydude View Post
    BS....you haven't recognized 1 ounce of responsibility on GWB for creating the mess he did. All you ever do is attempt to deflect and deny...even calling GWB an economic genius.
    One thing for sure you will never be called an economic genius let alone a credible poster who ignores anything that contradicts your point of view. Like all liberals you place blame but never accept responsibility. What economic policy did GW Bush implement that caused the financial crisis? Did he implement the Community Reinvestment Act? Did he weaken oversight in 1993? Did he sign the repeal of Glass Steagall in 2000? So I await another brilliant response from my friend from the bankrupt state of California

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    Re: Obama announces his Candidacy for 2012.

    Quote Originally Posted by Sheik Yerbuti View Post
    Yes, you made that claim. You claimed that the 787 billion dollar stimulus cost $228,000 per job. At $228,000 per job, that equates to almost 3.5 million jobs being created or saved. And as was proved by the link you provided for the CBO report you claim to have gotten that number from, the CBO never said anything about each job costing $228,000.
    It really is hard dealing with kids who think they know it all. Do I need to type slower for you? I didn't make the claim, CBO made the claim and CBO always gets their information from the Congress or the Administration. Not sure how to make that clearer for you because some people just don't want to admit how wrong they are.

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    Re: Obama announces his Candidacy for 2012.

    Quote Originally Posted by Conservative View Post

    One thing for sure you will never be called an economic genius let alone a credible poster who ignores anything that contradicts your point of view. Like all liberals you place blame but never accept responsibility. What economic policy did GW Bush implement that caused the financial crisis? Did he implement the Community Reinvestment Act? Did he weaken oversight in 1993? Did he sign the repeal of Glass Steagall in 2000? So I await another brilliant response from my friend from the bankrupt state of California
    Bush thinks it was Republican policies, what reason do we have to doubt him?

    "Thanks to our policies, home ownership in America is at an all- time high." ~ George Bush, 9.24.2004, to fellow Republicans.

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    Re: Obama announces his Candidacy for 2012.

    Quote Originally Posted by Objective Voice View Post
    One final comment then I'm done with this thread...

    I wouldn't have condemned you had you admitted long ago that Bush initiated TARP. I think it did more to stave off another depression than the ARRA. To that, I give Bush credit here because he took a bold step that clearly was unpopular with his political base, but it was necessary and the right thing to do. But I still have to give the Obama Administration credit as well for restructuring TARP to ensure the taxpayers were paid back as much of the TARP funds as possible.

    As to the ARRA, I don't think it had as negative an impact on the economy as you've outlined above. It could've been stronger (more money and perhaps its objectives more targetted towards the States), but that's water under the bridge now.
    Thanks for the response and I apologize if I wasn't clearer on TARP but I have always stated that Bush implemented TARP and that I was against it. Guess I didn't do that early enough on this thread. I really would like to know where the repayment of TARP went because it sure hasn't been used to lower the deficit.

    My problem with the ARRA was the focus on saving pension funds and teacher's jobs. None of that was for shovel ready jobs as the Stimulus was supposed to do. Instead of creating jobs it was used by the states to shore up their finances and prevented them from making tough choices i.e. teachers which is a state, not Federal Responsibility.

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    Re: Obama announces his Candidacy for 2012.

    Quote Originally Posted by Conservative View Post
    One thing for sure you will never be called an economic genius let alone a credible poster who ignores anything that contradicts your point of view. Like all liberals you place blame but never accept responsibility. What economic policy did GW Bush implement that caused the financial crisis? Did he implement the Community Reinvestment Act? Did he weaken oversight in 1993? Did he sign the repeal of Glass Steagall in 2000? So I await another brilliant response from my friend from the bankrupt state of California
    Predatory Lenders' Partner in Crime - washingtonpost.com

    Several years ago, state attorneys general and others involved in consumer protection began to notice a marked increase in a range of predatory lending practices by mortgage lenders. Some were misrepresenting the terms of loans, making loans without regard to consumers' ability to repay, making loans with deceptive "teaser" rates that later ballooned astronomically, packing loans with undisclosed charges and fees, or even paying illegal kickbacks. These and other practices, we noticed, were having a devastating effect on home buyers. In addition, the widespread nature of these practices, if left unchecked, threatened our financial markets...

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