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Thread: Did Obama contribute to the current US economic or employmnt crisis?

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    Re: Did Obama contribute to the current US economic or employmnt crisis?

    Well that was easy.

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    Re: Did Obama contribute to the current US economic or employmnt crisis?

    Quote Originally Posted by Sheik Yerbuti View Post
    Umm, at the time Obama was elected in 2008, the debt was already increasing by an alarming rate of $1.5 trillion a year. How is Obama to blame for that? Shouldn't you be complaining about George Bush who was president at that time?
    Was Bush responsible for the “Cash for Clunkers” scam? All the bank bailouts? The nationalization of General Motors? The “ObamaCare” scam?

    Don't you think that, by now, it is way past time to continue blaming Bush for the economic mess that Obama and his lackeys have made?

    Yes, we were in a mess at the time Obama took office, but while promising to do something about the mess, Obama pursued polices which only made it much, much worse than it otherwise would be; which common sense ought to have told anyone could have no other possible effect than to make things much, much worse.
    Last edited by Bob Blaylock; 09-15-11 at 05:05 PM. Reason: A man without a forklift is nothing. May the Forks be with you.

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    Re: Did Obama contribute to the current US economic or employmnt crisis?

    Quote Originally Posted by Bob Blaylock View Post

    Was Bush responsible for the “Cash for Clunkers”*scam? All the bank bailouts? The nationalization of General Motors? The “ObamaCare” scam?
    No, Bush is not at all responsible for Cash for Clunkers, but then Cash for Clunkers didn't drive our economy to the edge of the cliff of complete economic disaster. That's the difference between Bush and Obama

    Quote Originally Posted by Bob Blaylock View Post

    Don't you think that, by now, it is way past time to continue blaming Bush for the economic mess that Obama and his lackeys have made?
    No, I don't. Bush and Republicans (and to a far lesser degree, Democrats) royally ****ed this nation in the proverbial ass just like Hoover and Republicans did 80 years earlier. I don't know what the statute of limitations is on that, but I believe it's more than 2˝ years.

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    Re: Did Obama contribute to the current US economic or employmnt crisis?

    Quote Originally Posted by tessaesque View Post
    How'd that bailout go for Bank of America, Freddie Mac, Fannie Mae?? They're all still limping along, and BofA is in big, big trouble.
    That doesn't undervalue the importance these institutions have in America's current economic establishment relative to rival economies, and it doesn't say anything about Obama. It just means the situation is more hopeless than previously thought.
    If you notice something good in yourself, give credit to God, not to yourself, but be certain the evil you commit is always your own and yours to acknowledge.

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    Re: Did Obama contribute to the current US economic or employmnt crisis?

    Quote Originally Posted by scourge99 View Post
    Listening to the Tea Party debate i heard non-stop accusations that its Obama's fault for the US's current economic and job problems. What SPECIFICALLY has Obama done to cause or to contribute to the current economic and job crisis, if anything?
    Nothing, the recession started in 2008 before Obama was elected. Two million private sector jobs were lost between election day and inauguration day.


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    Re: Did Obama contribute to the current US economic or employmnt crisis?

    Quote Originally Posted by pbrauer View Post
    Nothing, the recession started in 2008 before Obama was elected. Two million private sector jobs were lost between election day and inauguration day.
    Thank Nasty Pelosi and DIngy Harry



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    Re: Did Obama contribute to the current US economic or employmnt crisis?

    Quote Originally Posted by Morality Games View Post
    That doesn't undervalue the importance these institutions have in America's current economic establishment relative to rival economies, and it doesn't say anything about Obama. It just means the situation is more hopeless than previously thought.
    With all due respect, there was very little consideration before the stimulus or the bail out. It was "we need to do this NOW", and as a result nobody thought to say, "hey, let's look at some projections first". And how we have three large institutions floundering after receiving billions in loans and bailouts and the american people are holding their breath....again. The businesses screwed up, but those bills were done wrong from the start, too.
    "Hmmm...Can't decide if I want to watch "Four Houses" or give myself an Icy Hot pee hole enema..." - Blake Shelton


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    Re: Did Obama contribute to the current US economic or employmnt crisis?

    Quote Originally Posted by Bob Blaylock View Post
    Certainly, all the billions of dollars that he squandered on fraudulent, wasteful “bailouts” and “stimuli” scams, driving this nation deeper into debt at a rate never before seen, had to have contributed significantly to the current economic mess.
    The debt isn't what's causing the economic woes. You realize much of the stimulus was made up of tax cuts and incentives for small business right? If tax cuts aren't spending then what's the problem? Most of the rest was made up of infrastructure projects, which created jobs.

    I would argue that the stimulus was far too small for the enormity of the situation.

    In electing Obama to the White House in 2008, and at the same time handing Congress over to the Democrats, we basically handed the nation's checkbook and credit cards over to a gang of unruly, irresponsible, out-of-control teenagers. We can only hope that in 2012, we'll let grown-ups retake control of these things.
    I'm sure that will go over well...
    "It has been said that man is a rational animal. All my life I have been searching for evidence which could support this." Bertrand Russell

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    Re: Did Obama contribute to the current US economic or employmnt crisis?

    yes, Obama contributed.

    not to the extent the Tea party sells, or his supporters deny, but yes, he contributed.

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    Re: Did Obama contribute to the current US economic or employmnt crisis?

    I would argue that Clinton had his hand in it as well.
    "It has been said that man is a rational animal. All my life I have been searching for evidence which could support this." Bertrand Russell

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