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Economy Sheds 20,000 Jobs But Rate Drops to 9.7 Percent

apdst said:
No, the Democratic Congress is to be blamed, as well, but making the recession worse is definitely his fault.
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Ah, so we are moving the goalposts again. You are both wrong(the deregulation that allowed for the bubble and bust started under Reagan for example), and blindly partisan.
 
Redress said:
Ah, so we are moving the goalposts again. You are both wrong(the deregulation that allowed for the bubble and bust started under Reagan for example), and blindly partisan.
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Everyone's at fault, but PBO? Whose blindly partisan?

Actually, the deregulation that caused the housing bubble to burst was done under Clinton, but I know you're not going to let facts get in the way of your partisan hackery.
 
apdst said:
Everyone's at fault, but PBO? Whose blindly partisan?

Actually, the deregulation that caused the housing bubble to burst was done under Clinton, but I know you're not going to let facts get in the way of your partisan hackery.
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No, banking deregulation started under Reagan. And I never said Obama did not have a share of the blame. I even included every president from Reagan to now(which includes 2 liberals), and all the congresses in that period(which includes lots of liberals). I know to realize that you would have had to actually read, but it is right here in this thread.
 
Redress said:
No, banking deregulation started under Reagan. And I never said Obama did not have a share of the blame. I even included every president from Reagan to now(which includes 2 liberals), and all the congresses in that period(which includes lots of liberals). I know to realize that you would have had to actually read, but it is right here in this thread.
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First, for people to be able to comprehend your comments, you must post coherent comments, rather than vague flambeaux.

It's PBO's show. Time for the liberals to stop blaming Betsy Ross for the recession.
 
apdst said:
First, for people to be able to comprehend your comments, you must post coherent comments, rather than vague flambeaux.

It's PBO's show. Time for the liberals to stop blaming Betsy Ross for the recession.
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So now, when proven wrong, you retreat back to your usual generic whine about the presidents and a bit of insult.
 
Redress said:
So now, when proven wrong, you retreat back to your usual generic whine about the president.
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You proved something? Where? All I see is you shooting off your mouth, again.
 
ptif219 said:
Was it just Bush or also congress and laws passed under Clinton and Carter ETC
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How many times do I have to repeat every president and Congress since Reagan?

Another look at how bad Bush economic policy was: One method used to get out of a recession is to spend. If Bush had not squandered the balanced budget he was handled, the spending would not have been a big deal. Since he and congress did, the spending is a big deal.
 
Redress said:
How many times do I have to repeat every president and Congress since Reagan?

Another look at how bad Bush economic policy was: One method used to get out of a recession is to spend. If Bush had not squandered the balanced budget he was handled, the spending would not have been a big deal. Since he and congress did, the spending is a big deal.
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What's that called? Shotgun debating? Blame everybody and you can't go wrong, eh?...:rofl
 
apdst said:
What's that called? Shotgun debating? Blame everybody and you can't go wrong, eh?...:rofl
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I prefer to think of it as reality. Our government has failed us on the budget, and on deregulation(and other things). I suppose I could go back and list the names of every one who voted for any of the budgets, and list them, but space and time prevents.
 
Redress said:
I prefer to think of it as reality. Our government has failed us on the budget, and on deregulation(and other things). I suppose I could go back and list the names of every one who voted for any of the budgets, and list them, but space and time prevents.
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I would prefer to see something supporting your point of view, but I doubt that'll happen.

'Specially the part about spending your way out of a recession. That doesn't seem to be having the desired effect...:rofl
 
Redress said:
How many times do I have to repeat every president and Congress since Reagan?

Another look at how bad Bush economic policy was: One method used to get out of a recession is to spend. If Bush had not squandered the balanced budget he was handled, the spending would not have been a big deal. Since he and congress did, the spending is a big deal.
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You said this. So you are saying that Bush's economic policy did not fail?
If 911 hadn't happened if the democrats had made the tax cuts permanent.

You want to blame Bush yet make it look like you are not. Remember the recession started after the democrats took back the majority in congress. maybe that is the reason it happened.
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Redress said:
Yeah, the recession that was started before he took office is his fault. Keep up the quality posting, I have not laughed like this in awhile.
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Hell the recession started before bush took office was blamed on him!! I have never seen so much liberal hypocricy as I have on the forum.
 
apdst said:
I would prefer to see something supporting your point of view, but I doubt that'll happen.

'Specially the part about spending your way out of a recession. That doesn't seem to be having the desired effect...:rofl
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You should know better than challenge me on supplying sources. I am always happy to back any claim I make that is not simply my opinion.

Let's start with this: Paul Krugman: This recession is Reagan’s legacy

The increase in public debt was, however, dwarfed by the rise in private debt, made possible by financial deregulation. The change in America’s financial rules was Reagan’s biggest legacy. And it’s the gift that keeps on taking.
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As far as spending as to whether spending is a solution to getting out of a recession, experts are divided, which is why I referred to it as "one method". Does government spending help mitigate a recession?
 
dontworrybehappy said:
Hell the recession started before bush took office was blamed on him!! I have never seen so much liberal hypocricy as I have on the forum.
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Um, the recession started under Bush actually, and feel free to show where I have blamed it on Bush(hint: you have to do that to show hypocrisy).
 
Um no the economic downturn started under Clinton. Guess they left that out of the CNN nightly news. Ever hear of the dot com bubble? Guess not.
 
Redress said:
You should know better than challenge me on supplying sources. I am always happy to back any claim I make that is not simply my opinion.

Let's start with this: Paul Krugman: This recession is Reagan’s legacy



As far as spending as to whether spending is a solution to getting out of a recession, experts are divided, which is why I referred to it as "one method". Does government spending help mitigate a recession?
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I figgered you would post something credible. Looks like I way overestimated you.
 
dontworrybehappy said:
Um no the economic downturn started under Clinton. Guess they left that out of the CNN nightly news. Ever hear of the dot com bubble? Guess not.
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I guess they left facts when it was reported to you

The recession officially started in the March 2001, when Bush was in power

Look it up, and get a clue


Which is not to say the condition that caused the recession started under Bush (they did not). The Dot com bubble bursting was a major reason for the reason and yes it did occur during Clinton's term

As for now, the reason for the current recession were started under Bush, the reason why unemployment is at 10.8% is due to things that happened during the Bush term in office
 
apdst said:
I figgered you would post something credible. Looks like I way overestimated you.
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I figured you would dismiss the sources without ever actually showing a reason. I was not disappointed. If you can't actually argue against the sources without a real reason, why don't you admit you have nothing but mindless whining?
 
Redress said:
I figured you would dismiss the sources without ever actually showing a reason. I was not disappointed. If you can't actually argue against the sources without a real reason, why don't you admit you have nothing but mindless whining?
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How do you expect to be taken seriously when you post info from a well known Liberal economist who writes opeds for the NYT, bashing Bush all the way? That would be the same as using Rush, or Beck as primary source material...:rofl

Git real, girl!
 
Lord Tammerlain said:
I guess they left facts when it was reported to you

The recession officially started in the March 2001, when Bush was in power

Look it up, and get a clue


Which is not to say the condition that caused the recession started under Bush (they did not). The Dot com bubble bursting was a major reason for the reason and yes it did occur during Clinton's term

As for now, the reason for the current recession were started under Bush, the reason why unemployment is at 10.8% is due to things that happened during the Bush term in office
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So the recession that started while still under a Clinton budget is bush's fault?


Cesar Conda on John Kerry, Bill Clinton, George W. Bush & Recession on NRO Financial


According the National Bureau of Economic Research (NBER), the unofficial arbiter of business cycles, the recession began in March 2001 and ended in November 2001. NBER analyzes four data series from the U.S. Department of Commerce, the Federal Reserve Board, and other government sources. While previously NBER indicated the recession started in March 2001 (it has not formally revised that date), official revisions of the data indicate that the recession started earlier than that.

For example, under revised calculations, real disposable income peaked in October 2000, rather than steadily rising in 2000 and early 2001 as indicated in the original data. Industrial production/manufacturing and trade sales both peaked in June of 2000, instead of September and August, respectively. Non-farm payroll employment peaked in February 2001, not March 2001. And monthly gross domestic product, which the NBER recently announced will be included in dating recessions, also peaked in 2000.

According to the Council of Economic Advisers, the median date of these five data series is October 2000 — at least three months before George W. Bush took office. We also know that the stock market started to decline in March of 2000, business investment began to fall in the third quarter of 2000, and initial jobless claims began to rise at the end of 2000 — more evidence that the U.S. economy in late 2000 was in fact "on the front end of a recession," as Vice President-elect Dick Cheney observed on Meet the Press on December 3, 2000.
 
ptif219 said:
So the recession that started while still under a Clinton budget is bush's fault
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Point out where I assigned any blame to anyone in my post?

Just because a recession started at a particular time, does not mean the person in power is to blame
 
The recession started under Clinton? Repub crowed that Bush ended the recession and that the economy was strong and vibrant........But erase 8 yrs of history if you want. Bush still gets a free pass from Repubs...amazing.
 
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