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US deficit tops Obama forecast by 1.2 trillion dollars: CBO

You've allready made a few comments I find interesting


Know nothing about Gliewitz

Know nothing about CFR


If PROF is short for Dumbass in German than your handle does fit
 
megaprogman said:
Meanwhile, in reality ...





Obviously, its less than projected, but its stupid to pretend that nothing happened.
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It might mean something, if jobs weren't still being lost.
 
doc mercer said:
You've allready made a few comments I find interesting
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"already" only has one L

CA state curriculum standards, 6th grade language arts, most commonly misspelled words
 
This crap started under that POS Reagan ...

Clinton fined tuned the bus and then Bush drove to the bus into a lake
of quicksand ...


If Reagan had not climbed into bed with the Iranians on that hostage gig
and Bush had not been appointed in 2000 this country would not be in
the sorry ass state we find ourselves in today
 
doc mercer said:
Conservative:

what planet are you on?


Between Jan 20 2001-2009 under president bush's leadership:

Unemployment doubled from 4% to 8.8%
National debt doubled from 5.7 trillion to 10.7 trillion
Yearly budget went from a 236 billion surplus to a 1.2 TRILLION deficit (a 1.4 trillion drop)
Dow Jones plunged 25% from to 10,587 to 7949
Losing 700,000 jobs monthly
Economy in total freefall



SOURCES:
BUSH MORE THAN DOUBLED UNEMPLOYMENT FROM 4% TO 8.8% -----(Jan 2001-2009)
(Source: US Dept of Labor - Bureau of Labor Statistics-)
(http://data.bls.gov/PDQ/servlet/SurveyOutputServlet?data_tool=latest_numbers&series_id=LASST39000003)

BUSH DOUBLED OUR DEBT FROM 5.7 TRILLION TO 10.7 TRILLION
(Source: US Treasury Dept - Bureau of Public Debt - Debt to the Penny (Daily History Search Application))

BUSH TURNED A 236 BILLION BUDGET SURPLUS INTO A 1.2 TRILLION DEFICIT (A 1.4 TRILLION DROP)
(Source 1: CBO - Congressional Budget Office - Historical Budget data - Shows the 236 billion surplus in 2000)
(http://cbo.gov/ftpdocs/108xx/doc10871/historicaltables.pdf)

(Source 2: Congressional Budget Office - Annual budget and economic report and testimony before Congress on Jan 8, 2009) (Declares 1.2 trillion deficit for fiscal year 2009 ---2 weeks before obama takes office)
(http://cbo.gov/ftpdocs/99xx/doc9958/01-08-Outlook_Testimony.pdf)

(Please note: The fiscal year 2009 started Oct 1, 2008 under president bush. At that time, the 2009 deficit was projected at 600 billion. Then the banking crisis occured in Oct 2008 and bush started a 700 billion TARP bailout program which was added to the 600 billion deficit which left obama with a 1.2 Trillion deficit the day he took office according to the CBO)

BUSH OVERSAW A DOW JONES THAT PLUNGED 25% OVER 8 YEARS
(Source: http://finance.yahoo.com/q/hp?s=^DJI)



OBAMA IS DOING A GREAT JOB FIXING THE BUSH DEPRESSION

The dow jones rose 33% in his first year from 7949 to 10,600 on Jan 20, 2010
The job loss rate plunged 97% from 700,000 jobs lost in Jan 2009 to 20,000 jobs lost in Jan 2010
The GDP rate rose to 5.7%, the highest in 6 years
Existing home sales up 27% in 4th quarter of 2009
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It really is hard dealing with an ideologue who has no civics or economic understanding at all. Bush isn't in office any more and no President has the control that you claim Bush had. It is three equal branches of govt. that runs this country and it is Obama and a far left Congress that is destroying it.

You can bury your head in the sand and point out selective numbers but you cannot refute what has happened since January 2009. Obama and the Democrat Congress are implementing a far left agenda that seems to make you proud.

15 million unemployed Americans are in a depression. Obama will double the Bush deficit in 3 years and what do we have to show for it? The labor force has dropped by over a million so tell me how that is good news?

stop buying what you are told or at least do some research on what those numbers tell you and how they were generated. You have a bad case of BDS and need to seek help. In the meantime "your" President is unqualified to be in the WH and the country is suffering as a result. The facts and the numbers prove it.
 
but the bus (LOL!) has nothing to do with obama's FAILURE to close gitmo

obama's FAILURE to try ksm in manhattan

obama's FAILURE to turn iran

obama's FAILURE to get health care

obama's FAILURE to do cap and trade

obama's FAILURE to win reg reform

obama's FAILURE to keep massachusetts

obama's FAILURE to hold on to seniors and independents

obama's LOSS of the ENTHUSIASM of youths and african americans

obama's FAILURE to elicit cooperation from hu and/or putin the puppet master

obama's FAILURE even to REMEMBER the bank tax, spending freeze, debt commission, don't ask don't tell, figments of a sotu

it was only ONE MONTH ago---LOL!

he's already FORGOTTEN everything he said in his SOTU!

LOL!

now THAT's funny!

obama's FAILURE to get currency negotiation with china

obama's FAILURE to keep unemployment at 8%

DESPITE a FULL YEAR of stimu... i mean, recovery act funds of 862 billion dollars

americans are crying---where's the results of the stimulus (they still use the obscene s-word)?

americans are crying---where's the results from the reach out?

obama's FAILURE to cut the deficit in half (LOL!) like he promised

obama's FAILURE to PIVOT to JOBS (LOL!)

obama's FAILURE to end rendition, detention, the patriot act

obama's FAILURE to get climate accords

obama's a LOSER

and that's TODAY

staring angrily into a rear view mirror is no way to drive a bus
 
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doc mercer said:
This crap started under that POS Reagan ...

Clinton fined tuned the bus and then Bush drove to the bus into a lake
of quicksand ...


If Reagan had not climbed into bed with the Iranians on that hostage gig
and Bush had not been appointed in 2000 this country would not be in
the sorry ass state we find ourselves in today
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Yep, Clinton fine tuned the bus as well as Monica. Neither Clinton or Bush are in office now so keep diverting from that reality. You buy what you are told but since you have no basic understanding of civics it is hard to even discuss issues with you. Facts simply get in the way of your personal opinion and hatred for free enterprise, capitalism, and national security. Fortunately we have a country that has people a lot smarter than you appear to be.
 
Conservative said:
Spoken like a true liberal soldier that would throw himself on a sword to protect an ideology. We weren't close to a depression in 2009 but are closer now. What was missing in 2009 when Obama took office that you and others want to ignore was high inflation and high interest rates.

When Obama took office the labor force was 154.6 million and today that number is 153.5 or a reduction of 1.1 million workers that needs to be added to the unemployment number of 15 million. Those people are in a depression.

All I have heard over and over again was the Bush debt, the Bush debt, and the Bush debt but now Obama will create more debt in 3 years than Bush did in 8 and according to liberals that was terrible. Now this is your spin?
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If the Country is in as bad a shape in 7 years when Obama leaves office as it was when he took over...then yes....I will rag on Obama the same way that I diss Bush.
I just don't expect Obama to get us out of the mess GWB created overnight.
 
disneydude said:
If the Country is in as bad a shape in 7 years when Obama leaves office as it was when he took over...then yes....I will rag on Obama the same way that I diss Bush.
I just don't expect Obama to get us out of the mess GWB created overnight.
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Please take a civics class and learn how our govt. runs. What exactly did Bush do that hurt you or this country causing the mess that you claim Obama inherited?

Do you know that Obama was a U.S. Senator and that Congress was run by the Democrats for the past 3 years? What affect does Congress have on the economy and when did we go into recession?

Do you know who Barney Frank and Chris Dodd are? Find out what affect they had on the financial crisis.

Please get back to me after you have done some basic research on how our govt. runs, who spends the money, and the affect the President has on the economy. I look forward to hearing from you.
 
Conservative said:
Please get back to me after you have done some basic research on how our govt. runs, who spends the money, and the affect the President has on the economy. I look forward to hearing from you.
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And there were plenty of times Bush could use a VETO to prevent that spending, he didn't. So please stop acting like Bush was a perfect little angel in this economy mess.
 
Conservative said:
Please take a civics class and learn how our govt. runs. What exactly did Bush do that hurt you or this country causing the mess that you claim Obama inherited?

Do you know that Obama was a U.S. Senator and that Congress was run by the Democrats for the past 3 years? What affect does Congress have on the economy and when did we go into recession?
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As this current economic crisis was coming down the pipes from events beginning in 2001 Obama and the democratic congress of 2007-2009 had very little impact. At best they could have enacted some policies that would have made it somewhat smalller but in no way prevented it
Do you know who Barney Frank and Chris Dodd are? Find out what affect they had on the financial crisis.
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Very little

Despite what racist morons have told you the CRA had very little impact on the housing bubble and poor mortgage lending practices. Lending to minorities in Cleveland did not cause the housing/banking crisis.
Please get back to me after you have done some basic research on how our govt. runs, who spends the money, and the affect the President has on the economy. I look forward to hearing from you.
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TheNextEra said:
And there were plenty of times Bush could use a VETO to prevent that spending, he didn't. So please stop acting like Bush was a perfect little angel in this economy mess.
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I have never said that Bush was the perfect angel and was against Bush a number of times including Immigration reform, the Prescription drug program, and TARP.

Bush beat the alternative to Gore or Kerry but now people are getting carried away. I would take Bush back in a heartbeat over what we have now and history will judge him a lot better than any of the Bush haters would like to see.

Bush's economic plan led to 46 straight months of economic growth after taking over a country in recession and after 9/11. Facts simply get in the way of brainwashed individuals who want badly to buy the negative Bush spin.

It is a lot easier for people to place blame on Bush than it is to accept responsibility for their elected Representatives helping create the problems we have today. Obama has his own Congress in power and has delegated responsibility to them. You can never delegate responsibility but only authority. Obama blames everyone else but himself or the problems we have today. He has done absolutely nothing to help solve the economic problems we have and all that money he is spending is not only unsustainable but also has to be repaid.

There is something wrong with an economy built on the public sector where public employees make more than private sector employees. Public sector employees are funded by the taxpayer who aren't getting a good return on that investment.
 
Lord Tammerlain;1058603226]As this current economic crisis was coming down the pipes from events beginning in 2001 Obama and the democratic congress of 2007-2009 had very little impact. At best they could have enacted some policies that would have made it somewhat smalller but in no way prevented it Very little
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So now we go back to 2001 when this crisis began? Interesting, better tell that to the Bureau of Economic Analysis that got it wrong. 46 straight months of strong economic growth with a GDP growing almost 5 trillion dollars. Maybe you and Mercer can get in the same civics and economics classes.

Despite what racist morons have told you the CRA had very little impact on the housing bubble and poor mortgage lending practices. Lending to minorities in Cleveland did not cause the housing/banking crisis.
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So it is racist to be against Obama policies? So it is racist to expect people that take a loan to pay those loans? It is racist for expecting someone to read what they are signing? Since you are on a roll please tell us what led to the economic crisis we have today and what Obama policy is doing any good to get us out of that crisis?

I love being lectured by Canadians especially those Canadians that havent a clue
 
Conservative said:
So now we go back to 2001 when this crisis began? Interesting, better tell that to the Bureau of Economic Analysis that got it wrong. 46 straight months of strong economic growth with a GDP growing almost 5 trillion dollars. Maybe you and Mercer can get in the same civics and economics classes.
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No the crisis did not begin in 2001. It was set up back then

The recession in 2001 was quite minor, due in large part to heavy government and Fed stimulation. The Bush admin ran large deficits which are stimulative to the economy and the fed ran historically low interest rates for an extended period of time. The recession of 2001 should have been far larger then it was. The bursting of the stock market bubble should have had a far larger impact on the economy then it did. As such Greenspan increased the moral hazard in the financial industry ( by creating an impression of governmental assistance during economic hard times, let alone the moral hazard he created during the LTCM crisis in the late 90s).

Along with decreased regulation of the banking industry, changes in Basel II all of which increased the short term profitability of offering mortgages where people would have a hard time paying them back ( generally due to the mortgage being far too large for the individual to support making payment. The housing bubble, the CDS (derivative) were issues that were years in the making, they did not just appear in 2006 and lead to the economic collapse in 2008-2009.

So it is racist to be against Obama policies? So it is racist to expect people that take a loan to pay those loans? It is racist for expecting someone to read what they are signing? Since you are on a roll please tell us what led to the economic crisis we have today and what Obama policy is doing any good to get us out of that crisis?

I love being lectured by Canadians especially those Canadians that havent a clue
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It is racist to believe lending to minorities in Cleveland (ie CRA) is the reason why the banking industry collapsed.

As for being lectured, if you had a clue you wouldnt need to be lectured, I suggest ignoring who is in office and do some serious reading about the economy and what occurred during the Clinton admin, the Bush admin regarding changes to bank regulation, which allowed the banks to increase their leverage to 30 +to 1. On what changes to the mortgage industry lead to changes in mortgage lending standards (Mortgage backed securities). On who were the leading subprime mortgage lenders, Ie not institutions that were regulated by the CRA (like Countrywide for instance)

And please increase your reading comprehension

I said it

Despite what racist morons have told you the CRA had very little impact on the housing bubble and poor mortgage lending practices. Lending to minorities in Cleveland did not cause the housing/banking crisis.
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The CRA was enacted in the late 70s with a change in the 90s. Obama had very very little to do with creating the CRA ( he would have I believe still been in school)

It is racist morons who want to blame minorities for the economic crisis rather then idiotic policies of the banks, and individuals across the nation who made poor choices
 
doc mercer said:
This crap started under that POS Reagan ...

Clinton fined tuned the bus and then Bush drove to the bus into a lake
of quicksand ...


If Reagan had not climbed into bed with the Iranians on that hostage gig
and Bush had not been appointed in 2000 this country would not be in
the sorry ass state we find ourselves in today
Click to expand...

Yea, never mind the fact that the Executive Branch does not appropriate funds...
 
way too abstruse

mom's not so interested in what went wrong as she is concerned about how we're gonna get outta this mess

beside, mom's already pretty certain about just what went wrong

she just kinda feels it in her guts

you know how mom is

anyway, she runs this country, politically, electorally

and you egghead economists better start minding her

cuz her massive worry is turning into one hella pissed off old lady

if you know what i mean

fix this economy, president obama

NOW!

or get out of the white house

you're gonna be pullin weeds FOR A MONTH, young man
 
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Conservative:

notice ya left out Phil Gramm ... wonder why that was?


Ya wanna blame Franks / Dodd make sure your boy Phil "Foreclosure" Gramm is given his share of the pie
 
PHP:
TheNextEra said:
And there were plenty of times Bush could use a VETO to prevent that spending, he didn't. So please stop acting like Bush was a perfect little angel in this economy mess.
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No one is saying he was a perfect angel. People are merely bringing up the FACT that you can't blame Bush for the entire 2009 budget. MUCH of it falls squarely on the shoulders of democrats and Barrack Obama.

A few examples include:
Senate overrides Bush's water bill veto - CNN.com
Congress overrides Bush's Medicare veto | Reuters
House overrides Bush veto of U.S. farm bill | Reuters
Reuters AlertNet - Congress overrides Bush veto of US farm law--again

And then of course there's the pork-laden $410 billion omnibus appropriations measure that Bush threatened to veto, that congress sat on, and that Obama signed soon after taking office.

Of course Bush's major contribution to the 2009 budget deficit was the $700 billion financial bailout bill, much of which has already been repaid or will be repaid in the future. We can't say the same about Obama's "stimulus."
 
Why blame Bush for anything?


9-11 - blame it on Clinton

Iraq - blame it on John Kerry

Katrina - blame it on Nagin & Blanco

Plamegate - blame it on Olbermann

Attorneygate - blame it on Maddow


Doubling the national debt - blame it on Pelosi


The GOP is good at really only 2 things:


Pointing Fingers

Selling Fear
 
Conservative said:
Please take a civics class and learn how our govt. runs. What exactly did Bush do that hurt you or this country causing the mess that you claim Obama inherited?

Do you know that Obama was a U.S. Senator and that Congress was run by the Democrats for the past 3 years? What affect does Congress have on the economy and when did we go into recession?

Do you know who Barney Frank and Chris Dodd are? Find out what affect they had on the financial crisis.

Please get back to me after you have done some basic research on how our govt. runs, who spends the money, and the affect the President has on the economy. I look forward to hearing from you.
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Oh please.....I think it is you who needs take a couple of educational courses.

you DO know don't you that Bush had a Republican congress for most of his term. Even the Democratic congress basically gave him everything he wanted.

Please....you can try to distance Bush from the mess that he created. The bottom line, it was his disastarous policies that led to the bubble the collapse of the US economy.

When will you Republicans understand that "Trickle Down Economics" just doesn't work?

It didn't work under Reagan...it didn't work under Bush. Why do Republicans keep trying the same failed policies and hoping for different results? ...and then a Democrat has to come in and once again clean up the mess that the GOP leaves behind.
 
Reagan started this whole damn nitemare ....

screw that POS with his Dereg crap ....


Reagan is the most over-rated President in the history of this country and between him and the Bush Mafia twins is most of the National Debt
 
an argument the intellectual equivalent of "booger head"
 
Somewhere, a bridge is missing its troll.
 
b/b comments from 2 posters who could have easily
starred the the movie DUMB & DUMBER
 
another "booger head" post

LOL!
 
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