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

scourge99

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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?
 
d'oh. Thought the poll option was automatic. Any mod please add a "yes" "no" "i dont know" poll with the title of this thread as the question.
 
d'oh. Thought the poll option was automatic. Any mod please add a "yes" "no" "i dont know" poll with the title of this thread as the question.

The depression is the "Great GWSnotForBrains Depression." but Obama did not have to bail out the banks. Saved a boatload of non productive service jobs and developed zero programs to create real jobs. Now we own the boat with all the "dud" mortgages and just wait for the next big wave.
 
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?

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.

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.
 
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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.

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.

Yes, it is very adult to make up stories about how preventing mass bankruptcies is a waste of public resources. Mature and responsible, just like how the Republican Party carried itself throughout that credit rating debacle.
 
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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.

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.
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?
 
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?

What's the difference?
 
Yes, it is very adult to make up stories about how preventing mass bankruptcies is a waste of public resources. Mature and responsible, just like how the Republican Party carried itself throughout that credit rating debacle.

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.
 
The difference is one of them helped create this mess while the other one didn't.

Dude, Obama was a senator during GWB's presidency. He had the capacity and responsibility to vote for or against all of that spending...so how was his record there?
 
What is the latter really doing differently?
Well for one, he's not borrowing half a trillion dollars to launch an all out war to invade a country over weapons they don't have. For another, he's not pushing GSE's to buy up 5 to 6 million mortgages for those who can least afford them without first making sure legislation is passed to prevent a complete financial meltdown in case such a policy becomes consumed with corruption.
 
Dude, Obama was a senator during GWB's presidency. He had the capacity and responsibility to vote for or against all of that spending...so how was his record there?
His one vote out of one hundred, even on the wrong side of the issue, would not have made a difference no matter how he voted. The same cannot be said about Bush's one vote out of one.
 
His one vote out of one hundred, even on the wrong side of the issue, would not have made a difference no matter how he voted. The same cannot be said about Bush's one vote out of one.

Right...so by your logic the senate and house are all worthless? So we elected somebody who was wasting time in the state and federal senate for 6+ years before becoming president?
 
Right...so by your logic the senate and house are all worthless? So we elected somebody who was wasting time in the state and federal senate for 6+ years before becoming president?
Maybe that's your logic. but that's not logic derived from what I said.

As a body, the Senate and House are extremely useful ... but assigning blame to one specific Congressman/woman who represents just 1/100th of the vote in the Senate and 1/435th of the vote in House is beyond ridiculous. That's why presidents bear so much more responsibility for the legislation they sign into law than individual members of Congress since their vote represents 1/1 of the vote.
 
Maybe that's your logic. but that's not logic derived from what I said.

As a body, the Senate and House are extremely useful ... but assigning blame to one specific Congressman/woman who represents just 1/100th of the vote in the Senate and 1/435th of the vote in House is beyond ridiculous. That's why presidents bear so much more responsibility for the legislation they sign into law than individual members of Congress since their vote represents 1/1 of the vote.

So if Obama doesn't attempt to end legislation signed Bush, is he THEN responsible?
 
So if Obama doesn't attempt to end legislation signed Bush, is he THEN responsible?
Possibly, depends on the circumstances. Which bill do you speak of specifically?
 
Well for one, he's not borrowing half a trillion dollars to launch an all out war to invade a country over weapons they don't have. For another, he's not pushing GSE's to buy up 5 to 6 million mortgages for those who can least afford them without first making sure legislation is passed to prevent a complete financial meltdown in case such a policy becomes consumed with corruption.

Alright, I can only take the partisan spin zone for so long. My take will continue to be that Democrat and Republican administrations have hardly differed since Carter. They all wage wars, they all expand entitlements, they all support inflationists running the Fed, and they all turn into morons as soon as they step into office (suggesting they are hooelessly controlled by covert forces). These schmucks are all the same to me and I don't have much respect for the ideas of folks who still play favorites and insist on meaningful differentiation between the parties.

/bowing out
 
Of course.

At the very least, he contributed as a senator. But I believe he contributed as President as well.
 
Well that was easy. :coffeepap
 
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.
 
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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

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 2½ years.
 
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.
 
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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