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Thread: Obama Deficits Continue to rise

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    Re: Obama Deficits Continue to rise

    The issue is not what the gdp ratio was between presidencies what I sad was that it was viable and stable still. Note if you take a look at some of the charts on wiki the debt to gdp ratio was absolutely massive in the 50s. Also I thought the vast majority of debt belonged to the republican administrations in the decades before obama.

    Stabilizing the U.S. Economy occurred in 2008 with the passing of TARP
    Weird I though the recession was announced at the beginning of the obama administration. Your talking abut a different recession. Are you seriously arguing that the current depression was preempted and stabilized before anyone knew it was happening?

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    Re: Obama Deficits Continue to rise

    Quote Originally Posted by SE102 View Post
    The issue is not what the gdp ratio was between presidencies what I sad was that it was viable and stable still. Note if you take a look at some of the charts on wiki the debt to gdp ratio was absolutely massive in the 50s. Also I thought the vast majority of debt belonged to the republican administrations in the decades before obama.

    Weird I though the recession was announced at the beginning of the obama administration. Your talking abut a different recession. Are you seriously arguing that the current depression was preempted and stabilized before anyone knew it was happening?
    The recession began in November 2007 according to NBER and no it did not start at the beginning of the Obama Administration although he has made it worse.

    We are NOT in a depression and not even close. Read the history books and see the unemployment rate then vs. now.

  3. #33
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    Re: Obama Deficits Continue to rise

    The recession began in November 2007 according to NBER and no it did not start at the beginning of the Obama Administration although he has made it worse.

    We are NOT in a depression and not even close. Read the history books and see the unemployment rate then vs. now.
    He has made it worse... in your uninformed politically charged opinion.

    Strange, its not a depression... because there was a bailout. I'll leave you in the tailspin of the causal loop to figure that one out yourself.

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    Re: Obama Deficits Continue to rise

    Quote Originally Posted by SE102 View Post
    He has made it worse... in your uninformed politically charged opinion.

    Strange, its not a depression... because there was a bailout. I'll leave you in the tailspin of the causal loop to figure that one out yourself.
    Talk about partisan, being partisan means facts do not matter. Unemployment higher today than when he took office and the stimulus plan stimulated nothing but economic growth. BLS.gov, BEA.gov.

    Obviously facts do not matter to you. How has the economy hurt you and your family? During the depression everyone was hurt.

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    Re: Obama Deficits Continue to rise

    Quote Originally Posted by Morality Games View Post
    Why look for Republican approval? The only fiscally responsible president in thirty years was a Democrat and he didn't receive an iota of thanks from the right.
    You mean a Democrat forced into responsibility by a GOP Congress. Left to his own devices, as evidenced by his first two budgets, he would have shown none of that responsibility you give him credit for.

    Never mind that all of this is completely outside the point that I made.

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    Re: Obama Deficits Continue to rise

    Quote Originally Posted by Goobieman View Post
    "He did it too" isnt a defense.
    No it is not but neither is just blaming one side of the political spectrum exclusivily as did the poster I was responding to


    You didnt pay attention to the right people or look in the right places.
    Right I was not looking under the rocks, the only people I heard complaining about the Bush deficits were accused of being anti american or loony like Ron Paul

    See above.

    "He did it too" isnt a defense.

    So you agree that the pass given thus far to The Obama by the Dems, and the Dem criticisms laid upon GWB for his (comparitively tiny) deficits were nothing but partisan in nature.
    Thanks.
    Quite partisan in nature, as is the nature of US politics.

    Each side has given a pass to their side
    Happy Hanukkah Cheerfull Kwanzaa
    Happy Christmas Merry New Year Festivus for the rest of us

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    Re: Obama Deficits Continue to rise

    Quote Originally Posted by Lord Tammerlain View Post
    No it is not...
    And so, my statement stands.
    His post was an admission of the partisan nature of his complaint/excuse.

    Right I was not looking under the rocks, the only people I heard complaining about the Bush deficits were accused of being anti american or loony like Ron Paul
    There were numerous complainers just in here. Ask Danahrea.

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    Re: Obama Deficits Continue to rise

    And Conservative shows why his grasp of economics is on par with a 3rd grader.

    That study in no way addresses the issue of trade. Prior to the depression and dirty trade wars, the global integration of markets was higher then it was now. Around 2006, global trade accounted for a direct 11% of the US economy and based on economic multipliers (something completely beyond Conservative's grasp), a total percentage in excess of 25%. A study that does not talk about the effects of the dirty trade war and protectionist only to focus on FDR's policy is a scam.

    With integration at a higher rate then in 2006, ripping out >25% of the economy is going to cause massive economic ripples. That idiotic study in no way even acknowledges the effects of global trade.

    ANYONE who relies on that study is either a complete moron or a scam artist.
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    Re: Obama Deficits Continue to rise

    Quote Originally Posted by SE102 View Post
    He has made it worse... in your uninformed politically charged opinion.

    Strange, its not a depression... because there was a bailout. I'll leave you in the tailspin of the causal loop to figure that one out yourself.
    Do you find it interesting how Conservative claims that the stimulus did nothing and yet claims more people are out of work?

    I'd like to see his economic model of how increasing spending actually results in more unemployment when inflation is negligible. That outta be good. Wait for the personal attacks to commence as he attempts in vain to defend his views.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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    Re: Obama Deficits Continue to rise

    Quote Originally Posted by Conservative View Post
    Talk about partisan, being partisan means facts do not matter. Unemployment higher today than when he took office and the stimulus plan stimulated nothing but economic growth. BLS.gov, BEA.gov.

    Obviously facts do not matter to you. How has the economy hurt you and your family? During the depression everyone was hurt.
    Yes actually our family lost all our investment value in our college savings accounts and now I'm on loans. Lameness I know.

    Also, because unemployment went up when he took office does not make it a fact that the stimulus is not working or that it even has to do with him, only a fraction of the stimulus has been spent so far and of course, for some reason you expected a recession to be over after a year. You make it seem as if people were expecting some sort of economic magic to occur, I wasn't expecting anything of the sort and I am not outraged.

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