Barack Obama inherited...

[Nevermind]

a AAA credit rating from George Bush, and an unemployment rate of less than 6%.


You're doing a heckuva job brownie.

[Skate4RnR]

a AAA credit rating from George Bush, and an unemployment rate of less than 6%.


You're doing a heckuva job brownie.

Yeah fuck you you damn ol' jigaboo!

[EvilBill]

a AAA credit rating from George Bush, and an unemployment rate of less than 6%.


You're doing a heckuva job brownie.

Thanks for the update from Fox News .

[KneelandBobDylan]

John Boehner:

When you look at this final (budget) agreement that we came to with the White House, I got 98 percent of what I wanted. I'm pretty happy.

[Dr J Jones]

When President Bush took office in 2001, Republicans and Democrats in Washington had built a strong consensus on the need for fiscal responsibility. Bush blew that apart within a few months. With the country in a recession, a temporary return to deficits was inevitable. But Bush's tax cuts and spending increases — and clear disdain for the pay-as-you-go approach that had brought deficits down in the 1990s — brought a return to permanent deficits. These actions almost certainly didn't cause the current crisis, but they have left the Federal Government in a much weaker position to combat it.

[Dr J Jones]

Doing a cost-benefit analysis on a war is awfully hard. There are just too many what-ifs. But the cost of invading and occupying Iraq has been staggeringly high — whether you believe the $3 trillion figure of economists Linda Bilmes and Joseph Stiglitz or side with the Congressional Budget Office estimate of a mere trillion or two. It's the biggest part of the explanation for the yawning Bush-era budget deficits. So even if you think the war did bring benefits to the U.S., they would have to be pretty gigantic to justify the cost.

[Dr J Jones]

After the 9/11 terrorist attacks, President Bush didn't call for sacrifice. He called for shopping. "Get down to Disney World in Florida," he said. "Take your families and enjoy life, the way we want it to be enjoyed." Taken on its own, this wasn't such a horrible sentiment. But Boston University historian Andrew Bacevich has made a convincing case that it was part of a broader pattern of encouraging financial irresponsibility. "Bush seems to have calculated — cynically but correctly — that prolonging the credit-fueled consumer binge could help keep complaints about his performance as Commander in Chief from becoming more than a nuisance, Now we're paying the bill.

[Dr J Jones]

Every Administration spins and sugarcoats the economic truth. But the Bush White House took this disingenuousness to new levels. The surest way to get yourself fired as a Bush economic adviser was to say something that was true. Paul O'Neill was ousted from Treasury for warning about deficits. Larry Lindsey was kicked out of the top White House economic job for predicting in 2002 that the Iraq war would cost $100 billion to $200 billion — far below the actual cost but much more than what the White House was officially projecting. This disdain for reality, and for expertise, pervaded the Bush economic approach, and made it impossible for the Administration to react intelligently to real-world economic problems like the housing bubble.

[Dr J Jones]

I find it amusing how people just want to ignore the Bush years just because the Obama years have been equally as disappointing.

Bush/Cheney=Failure

Obama/Biden= Failure

They are the same.

[AliceManson]

a AAA credit rating from George Bush, and an unemployment rate of less than 6%.


You're doing a heckuva job brownie.

You are an idiot. But bigots aren't known for high intelligence levels.

[AliceManson]

Considering the unemployment rate went up 66% from when Bush took office until he left office. Why would you brag about Bush and unemployment? The unemployment rate was 8.1% when Bush left office as well dumb ass.

[ijwthstd]

After the 9/11 terrorist attacks, President Bush didn't call for sacrifice. He called for shopping. "Get down to Disney World in Florida," he said. "Take your families and enjoy life, the way we want it to be enjoyed." Taken on its own, this wasn't such a horrible sentiment. But Boston University historian Andrew Bacevich has made a convincing case that it was part of a broader pattern of encouraging financial irresponsibility. "Bush seems to have calculated — cynically but correctly — that prolonging the credit-fueled consumer binge could help keep complaints about his performance as Commander in Chief from becoming more than a nuisance, Now we're paying the bill.

Yeah this really got me when it was happening. Turns out we probably sacrificed our social security and medicare.

[johnk5150]

I'm thinking Dr. Jones has an opinion on this thread.

[Constantine]

a AAA credit rating from George Bush, and an unemployment rate of less than 6%.


You're doing a heckuva job brownie.

The United States is the biggest obstacle to a one world government there is but Obama seems hell-bent on leveling said obstacle. Yes we can!

[EvilMadman]

After the 9/11 terrorist attacks, President Bush didn't call for sacrifice. He called for shopping. "Get down to Disney World in Florida," he said. "Take your families and enjoy life, the way we want it to be enjoyed." Taken on its own, this wasn't such a horrible sentiment. But Boston University historian Andrew Bacevich has made a convincing case that it was part of a broader pattern of encouraging financial irresponsibility. "Bush seems to have calculated — cynically but correctly — that prolonging the credit-fueled consumer binge could help keep complaints about his performance as Commander in Chief from becoming more than a nuisance, Now we're paying the bill.

Yeah this really got me when it was happening. Turns out we probably sacrificed our social security and medicare.

Funny. I've always interpreted what Bush said as: keep going to malls, keep flying on airplanes, keep going out to restaurants, keep using public transportation (i.e. subways, buses), and not just stay home all day because you're terrified of being blown to smithereens.

[Constantine]

The Republicans were in control from 2000-2006 before the Democrats took over congress in 2007. In 2006, the final year under a Republican President and a Republican Congress, the unemployment rate was 4.6%. Today, under Obama and a Democrat congress, the unemployment rate is 9.1% (according to the Federal Government - but 10.2% according to Gallup). Under Obama and the Democrats, poverty has reached its highest level since 1959. The numbers don't lie. The failed economic policies of Democrats have been destroying lives, wrecking our economy and shattering the American dream since the Democrats took over congress in 2007. The before and after statistics prove it.

A brief history lesson:
1977: Jimmy Carter (D) signs the Community Reinvestment Act, guaranteeing home loans to low-income families.
1999: Bill Clinton (D) puts the CRA on steroids by pushing Fannie Mae & Freddie Mac (F&F) to increase the number of sub-prime loans (owning a home is now a 'right'.).
1999 (September): New York Times publishes an article, 'Fannie Mae Eases Credit To Aid Mortgage Lending', which warned of the coming crisis due to lax lending policies of the Clinton (D) administration.
2003: White House calls Fannie and Freddie a "systemic risk". The Bush (R) administration pushes Congress to enact new regulations.
2003: Barney Frank (D) says F&F are "not in a crisis" and bashes Republicans for crying wolf and calls F&F "Financially Sound" Democrats block Republican sponsored regulation legislation.
2005: Fed Reserve Chairman Alan Greenspan voices warning over F&F accounting "We are placing the total financial system of the future at a substantial risk"
2005: Sen Charles Schumer (D) says "I think F & F over the years have done an incredibly good job and are an intrinsic part of making America the best-housed people in the world.".
2006 Sen. John McCain (R) again calls for reform of the regulatory structure that governs F&F.
2006: Democrats again block reform legislation.
2008: Housing market collapses: Democrats blame the Republicans.

Obviously the Republicans aren't free of guilt concerning the cause of this crisis because they didn't try hard enough to prevent it and in some cases allowed it to happen (one of the reasons conservatives and independents disliked Bush by the way and one of the reasons that many of those votes went to Obama as a 'protest' against Bush's liberal tendencies). But as can plainly be seen the Democrats hold the lion's share of blame for the economic melt down we're currently enjoying.

How can it be the 'fault' of the Republicans when the democrats are the ones that caused the current recession/depression and have been in complete control of the purse strings of the country from 2007 - 2011? Only in the mind of the socialist propaganda machine can it be 'Bush's fault' when 90% of the blame rests squarely on the shoulders of the democrat party.

[Crazy Levi]

Here's a history lesson:

The only thing Republicans believe in is slashing taxes for the rich. That's their entire economic policy. And it's been proven, time after fucking time, that it DOES NOT WORK.

And please change your "Iggy on Ecstacy" font colo, it's really hard on the eyes.

[yeahbuddy]

yeah sure whatever you say

[tylamonroe]

Here's a history lesson:

The only thing Republicans believe in is slashing taxes for the rich. That's their entire economic policy. And it's been proven, time after fucking time, that it DOES NOT WORK.

And please change your "Iggy on Ecstacy" font colo, it's really hard on the eyes.

Did it work when JFK did it?

[David_Lee_Halen]

Everybody seems to forget that after 8 years of Reagan and 4 years of Bush Sr., both Republicans, we had a then staggering $4 trillion national debt. Clinton got it back down in his 8 years of office. Our fellow republican president "W" jacked it back up in his 8 years of office and left Obama a big mess to deal with that isn't going away anytime soon, no matter what Obama does or doesn't do.

[EvilMadman]

Soak the Rich, Lose the Rich
Americans know how to use the moving van to escape high taxes

Here's the problem for states that want to pry more money out of the wallets of rich people. It never works because people, investment capital and businesses are mobile: They can leave tax-unfriendly states and move to tax-friendly states. And the evidence that we discovered in our new study for the American Legislative Exchange Council, "Rich States, Poor States," published in March, shows that Americans are more sensitive to high taxes than ever before. The tax differential between low-tax and high-tax states is widening, meaning that a relocation from high-tax California or Ohio, to no-income tax Texas or Tennessee, is all the more financially profitable both in terms of lower tax bills and more job opportunities.

Updating some research from Richard Vedder of Ohio University, we found that from 1998 to 2007, more than 1,100 people every day including Sundays and holidays moved from the nine highest income-tax states such as California, New Jersey, New York and Ohio and relocated mostly to the nine tax-haven states with no income tax, including Florida, Nevada, New Hampshire and Texas. We also found that over these same years the no-income tax states created 89% more jobs and had 32% faster personal income growth than their high-tax counterparts.

Did the greater prosperity in low-tax states happen by chance? Is it coincidence that the two highest tax-rate states in the nation, California and New York, have the biggest fiscal holes to repair? No. Dozens of academic studies -- old and new -- have found clear and irrefutable statistical evidence that high state and local taxes repel jobs and businesses.

Martin Feldstein, Harvard economist and former president of the National Bureau of Economic Research, co-authored a famous study in 1998 called "Can State Taxes Redistribute Income?" This should be required reading for today's state legislators. It concludes: "Since individuals can avoid unfavorable taxes by migrating to jurisdictions that offer more favorable tax conditions, a relatively unfavorable tax will cause gross wages to adjust. . . . A more progressive tax thus induces firms to hire fewer high skilled employees and to hire more low skilled employees."

More recently, Barry W. Poulson of the University of Colorado last year examined many factors that explain why some states grew richer than others from 1964 to 2004 and found "a significant negative impact of higher marginal tax rates on state economic growth." In other words, soaking the rich doesn't work. To the contrary, middle-class workers end up taking the hit.

Finally, there is the issue of whether high-income people move away from states that have high income-tax rates. Examining IRS tax return data by state, E.J. McMahon, a fiscal expert at the Manhattan Institute, measured the impact of large income-tax rate increases on the rich ($200,000 income or more) in Connecticut, which raised its tax rate in 2003 to 5% from 4.5%; in New Jersey, which raised its rate in 2004 to 8.97% from 6.35%; and in New York, which raised its tax rate in 2003 to 7.7% from 6.85%. Over the period 2002-2005, in each of these states the "soak the rich" tax hike was followed by a significant reduction in the number of rich people paying taxes in these states relative to the national average. Amazingly, these three states ranked 46th, 49th and 50th among all states in the percentage increase in wealthy tax filers in the years after they tried to soak the rich.

This result was all the more remarkable given that these were years when the stock market boomed and Wall Street gains were in the trillions of dollars. Examining data from a 2008 Princeton study on the New Jersey tax hike on the wealthy, we found that there were 4,000 missing half-millionaires in New Jersey after that tax took effect. New Jersey now has one of the largest budget deficits in the nation.

By ARTHUR LAFFER and STEPHEN MOORE
May 18, 2009
WSJ.com

Buffett is full of shit. The day the government taxes his ass more, is the day he just moves somewhere else.

[Constantine]

And please change your "Iggy on Ecstacy" font colo, it's really hard on the eyes.

I stole them from him, God bless his soul.

The Nazi Republicans are as stupid as the communist Democraps, wake up and smell the coffee sunshine!


"Later this morning, we're going have a press conference with Secretary Mavis and Secretary Chu to announce something that's never happened in this country -- something that we think is exciting in terms of job growth. I should point out, when you talk about the SNAP program or the foot stamp program, you have to recognize that it's also an economic stimulus"


http://www.realclearpolitics.com/video/ ... mulus.html




NEW MATH FROM THE PRESIDENT'S ECONOMIC DEVELOPMENT TEAM
$1.00 GROWS TO $1.80 FOOD STAMPS
UNEMPLOYMNENT $1.00 GROWS TO $1.60
WISH MY MONEY WOULD DO THAT

[Constantine]

LOL@The "SNAP" program!!!

[Crazy Levi]

Here's a history lesson:

The only thing Republicans believe in is slashing taxes for the rich. That's their entire economic policy. And it's been proven, time after fucking time, that it DOES NOT WORK.

And please change your "Iggy on Ecstacy" font colo, it's really hard on the eyes.

Did it work when JFK did it?

Sure. Shit was trickling down all over the place.

[WhiteHouseSubsAC]

Sure. Shit was trickling down all over the place.

The Marilyn Monroe Doctrine.

[Constantine]

Don't worry about anything. Your President has a secret plan soon to be released. Unnamed inside sources say that the President's plan is: Hope, Change, Hope, Change, Hope, Change, Hope, Chance, Hope, Change.


I am so glad that Obama will finally address the specifics!

[Crazy Levi]

Don't worry about anything. Your President has a secret plan soon to be released. Unnamed inside sources say that the President's plan is: Hope, Change, Hope, Change, Hope, Change, Hope, Chance, Hope, Change.


I am so glad that Obama will finally address the specifics!

So is the "hope and change" thing the new "Al Gore invented the internet?"

[Constantine]

Don't worry about anything. Your President has a secret plan soon to be released. Unnamed inside sources say that the President's plan is: Hope, Change, Hope, Change, Hope, Change, Hope, Chance, Hope, Change.


I am so glad that Obama will finally address the specifics!

So is the "hope and change" thing the new "Al Gore invented the internet?"

Its the Global Warming stupid!

[Nevermind]

Here's a history lesson:

The only thing Republicans believe in is slashing taxes for the rich. That's their entire economic policy. And it's been proven, time after fucking time, that it DOES NOT WORK.

Liberals see taxes as a easy way to seize wealth so that they can work their redistribution schemes. They will do anything to get their hands on money that somebody else earned.

[AliceManson]

Here's a history lesson:

The only thing Republicans believe in is slashing taxes for the rich. That's their entire economic policy. And it's been proven, time after fucking time, that it DOES NOT WORK.

Liberals see taxes as a easy way to seize wealth so that they can work their redistribution schemes. They will do anything to get their hands on money that somebody else earned.

The Republicans don't take our money? Republicans only want the working class and poor people's money though. They rob from the poor to give to the rich.