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Thread: WHitehouse: Obama to lay out Spending Plan

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    Re: WHitehouse: Obama to lay out Spending Plan

    Quote Originally Posted by j-mac View Post
    I know that Obama supporters would love to continue to blame all of Obama's failings on Bush, but that just simply isn't the case anymore. I could even buy that early on in Obama's regime, but today Obama owns this crap. He has signed on to nearly ALL of Bush's policies. Now that could just be laziness, or a provision of cover to get him to the next election, I don't know, but it sure isn't leadership, and it has ruined this country.

    j-mac
    I am not an Obama supporter. I didn't vote for him. The truth is, even though you chose to ignore it, is that Bush left the economy in shambles. To say Obama owns the crap left him may make you feel better but it isn't entirely true.
    Bush ruined this country more than Obama. Obama has spent his entire presidency trying to undo the damage done by Bush. Oh how I wish McCain had won.
    "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: WHitehouse: Obama to lay out Spending Plan

    barack the slasher's deficit for FEBRUARY ALONE (233b) is greater than total borrowing (161b) under w-stands-for-what's-his-name's in ALL OF FISCAL YEAR 2007

    U.S. sets $223B deficit record - Washington Times

    Deficit for Fiscal 2007 Slides - Real Time Economics - WSJ

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    Re: WHitehouse: Obama to lay out Spending Plan

    Quote Originally Posted by USA_1 View Post
    I am not an Obama supporter. I didn't vote for him. The truth is, even though you chose to ignore it, is that Bush left the economy in shambles. To say Obama owns the crap left him may make you feel better but it isn't entirely true.
    Bush ruined this country more than Obama. Obama has spent his entire presidency trying to undo the damage done by Bush. Oh how I wish McCain had won.
    Thus, the continued third-grade understanding of ecomonics.

    Might want to check who was behind the threats and legislation that led to subprime lending. Might want to grasp who was behind the massive welfare and entitlement spending that has been adding up for decades. Might want to consider what refusing to drill for and process your own energy resources costs in money, jobs, and national security. Might want to admit that the corporate costs resulting from union thuggery does to the price of goods and the job losses abroad that result.

    This isn't a mystery.

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    Re: WHitehouse: Obama to lay out Spending Plan

    the slasher's proposed budget for 2012, published just last february, actually INCREASES the deficit a brazen TWENTY PERCENT

    Obama unveils $3.73 trillion budget for 2012 - Politics - White House - msnbc.com

    the slasher's outyear projections are ridiculously unrealistic, relying on near-zero interest rates forever and rosey growth rates currently unreachable

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    Re: WHitehouse: Obama to lay out Spending Plan

    Quote Originally Posted by j-mac View Post
    Spoken like a true lib.....heh, heh.....


    j-mac
    Spoken like a true regressive.
    He touched her over her bra and underpants, she says, and guided her hand to touch him over his underwear
    Quote Originally Posted by Lutherf View Post
    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

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    Re: WHitehouse: Obama to lay out Spending Plan

    roger simon's journolisters, yesterday:

    "obama wants to claim credit for the new frugal spirit" that is suddenly dominating our national agenda

    the slasher is "sure to take credit for cutting spending even tho he fought it most of the way"

    The GOP's winning streak - Jim VandeHei and Mike Allen - POLITICO.com

    from albany to sacramento, with madison and lansing in between, the ECONOMICS OF NOW is one hundred percent R-Y-A-N

    cuomo and moonbeam brown are early forerunners, barack the slasher hussein was the last holdout

    even this last remaining keynesian is now coming to the painful party

    but he's LATE

    and, therefore, UNCONVINCING

    the slasher's a PHONY

    he got his skinny butt whipped, that's the explanation

    pathetic

    leadership, anyone?

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    Re: WHitehouse: Obama to lay out Spending Plan

    I wonder how "Mr. Slasher" will be when the Obamacare repeal vote is held as outlined?

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    Re: WHitehouse: Obama to lay out Spending Plan

    Quote Originally Posted by Erod View Post
    Thus, the continued third-grade understanding of ecomonics.

    Might want to check who was behind the threats and legislation that led to subprime lending. Might want to grasp who was behind the massive welfare and entitlement spending that has been adding up for decades. Might want to consider what refusing to drill for and process your own energy resources costs in money, jobs, and national security. Might want to admit that the corporate costs resulting from union thuggery does to the price of goods and the job losses abroad that result.

    This isn't a mystery.
    You might want to research bubbles. There was no housing bubble prior to 2001, In fact we had a recession in 2001. After 2001 demand for homes was artificially stimulated by Greenspans low interest and Bush's homeownership for everyone policies. They were so successful at stimulating demand that new home construction doubled 2004 to 2006. Had they not created the housing boom there would not have been a bubble. Had there been no bubble housing would have remained stable and there would not have been a collapse of the housing sector. Home prices and supply would have been stable. Fannie and Freddie would have been fine. AIG would have been fine. The economy would have been fine.
    Bush and Greenspans attempt to use the housing sector to pull us out of the recession of '01 is what brought the economy down. It was not CRA, Fannie or Freddie.
    "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: WHitehouse: Obama to lay out Spending Plan

    the obamacare repeal vote, up or down, stand alone, promised by reid as part of the deal for october, is gonna cost several senators their jobs

    people like nelson and nelson and manchin and mccaskill and tester and casey and kohl and about a half dozen others are gonna be severely PINCHED

    why do you think mr reid was so eager to keep hr2 off his expensive blue carpet?

    good job, mr boehner

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    Re: WHitehouse: Obama to lay out Spending Plan

    For those who are interested, the International Monetary Fund (IMF) now projects that the required U.S. fiscal consolidation to bring gross public debt to 60% of GDP (generally considered a sustainable long-term level) will exceed 10% of GDP. In its semi-annual World Economic Outlook, the IMF notes that the forthcoming April 2011 Fiscal Monitor will call for U.S. fiscal consolidation that exceeds the adjustments required in France, Spain, and the United Kingdom. The WEO explains:

    Little progress has been made in many economies in specifying measures to redress remaining medium-term imbalances, and so advanced economies will still have to enact very large fiscal adjustments in order to reduce their general government gross-debt-to-GDP ratio to a level of 60 percent by 2030. According to a scenario developed in the IMF's April 2011 Fiscal Monitor, the required adjustments amount to more than 10 percent of GDP for Japan and hte United States; 5 to 10 percent of GDP for France, Spain, and the United Kingdom; and 3 to 4 percent of GDP for Canada, Germany, and Italy.

    For what is worth, the IMF projects that the size of the required U.S. fiscal adjustment will amount to 11.3% of GDP. In contrast, it forecasts that the U.S. will achieve an adjustment of 4.5% of GDP. In other words, under the current framework--and the IMF notes recent discretionary spending reductions--the U.S. fiscal consolidation effort will be about 40% of what is needed.

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