how can a President, any President, overcome, a do nothing congress, one that wanted President Obama to fail at all cost, from the very beginning.
It seems as if some members of Congress have made it their goal not to work with the president, to make sure he fails, and to do just that by any means necessary. they got it from their leader when mitch mcconnell said ;
"the single most important thing we want to achieve is for President Obama to be a one-term president."
the republicans chose to hang America out to dry for 4 years, and that’s what they did, and now they want to blame Obama.
Obama inherited deficits from Bush administration
In a spirited and unscripted debate with the House GOP, President Barack Obama said Republicans were wrong to portray him as running up large deficits.
Speaking at a retreat for House Republicans in Baltimore on Jan. 29, 2010, Obama was particularly critical of a question from Rep. Jeb Hensarling of Texas. Hensarling asked Obama, "You are soon to submit a new budget, Mr. President. Will that new budget, like your old budget, triple the national debt and continue to take us down the path of increasing the cost of government to almost 25 percent of our economy?"
"The fact of the matter is," Obama replied, "is that when we came into office, the deficit was $1.3 trillion -- $1.3 trillion. So when you say that suddenly I've got a monthly deficit that's higher than the annual deficit left by Republicans, that's factually just not true, and you know it's not true. And what is true is that we came in already with a $1.3 trillion deficit before I had passed any law. What is true is, we came in with $8 trillion worth of debt over the next decade."
We checked Hensarling's claim in a separate item. Here, we'll look at Obama's claim that he came into office with a $1.3 trillion deficit and $8 trillion worth of debt over the next decade.
On Jan. 7, 2009, two weeks before Obama took office, the Congressional Budget Office reported that the deficit for fiscal year 2009 was projected to be $1.2 trillion. The 10-year projection was estimated to be about $3.1 trillion. So Obama's number was very close on the 2009 deficit -- he said $1.3 trillion -- but substantially different from the 10-year projection -- he said $8 trillion.
There are two reasons why he differs from the CBO. On the difference between the $1.2 trillion and the $1.3 trillion, the Obama administration credited a small portion of spending on its watch to policies of the previous administration. The reason for this is that the federal government runs on a fiscal year that starts Oct. 1, so Bush and Obama technically split responsibility for 2009 spending.
The large difference on the 10-year projection has to do with Bush administration tax cuts. The CBO creates its estimates based on current law, which means the CBO assumes that the Bush tax cuts will end in 2010 and everyone will start paying higher taxes in 2011 and going forward. The Obama administration, on the other hand, assumed in its baseline that those tax cuts would be renewed.
Economists we spoke with -- Josh Gordon, policy director for the Concord Coalition, and Brian Riedl, lead budget analyst of the conservative Heritage Foundation -- both said they believe the White House approach is more realistic because it assumes current policy will continue.
So the CBO's estimate is $5 trillion lower than the White House numbers, though economists don't quibble with the White House methodology. It does highlight, however, that when it comes to budget projections, people can have differences of opinion about what to include. In any budget projection there is room for interpretation, but it seems reasonable to assume for a baseline that the Bush tax cuts will continue. Obama's numbers are fairly solid, so we rate his statement Mostly True.
http://www.politifact.com/truth-o-meter/statements/2010/jan/29/barack-obama/obama-inherited-deficits-bush-administration/
I don’t think God could have fixed what GW et al screwed up so bad in 4 years, or even 8, with the additional wars he got us in.
the only thing romney will do is protect his assets $$$ by taking more from the lower and middle class, while cutting the taxes on the rich. the old excuse of, we cut taxes for the rich so they can create jobs, is another lie. if that was the case, where are the jobs since the bush tax breaks were implemented? it’s a scam folks, and the lower and middle class fell for it. will they fall for it again?
SOME OF ROMNEY RYAN GOP ‘FOR THE RICH’ PLATFORM
TAXES:
"We reject the use of taxation to redistribute income, fund unnecessary or ineffective programs or foster the crony capitalism that corrupts both politicians and corporations."
It says a Republican administration would extend the Bush tax cuts of 2001 and 2003, pending reform of the tax code. It says the party would strive to eliminate taxes on interest, dividends and capital gains altogether for lower- and middle-income taxpayers. It also would work to repeal the estate tax and the alternative minimum tax.
The party backs constitutional amendments to balance the federal budget and require a super majority for any tax increases...end
a vote for romney ryan ticket, is a vote for the rich, and a vote against the lower and middle class. it’s a vote against women. it’s a vote against everything that is not white. it’s a vote against the elderly, the disabled, the mentally challenged. it’s a vote against medical care for folks that don’t have it. that is what they romeny ryan ticket is, I GOT MINE, too bad for you. your scum if you don’t have yours. don’t be fooled, this is the romney ryan ticket.
tax the rich. hit them hard. make the rich finally start paying their fare share, and please include their pensions, stock options, annual incentive, etc., because taxes on one million salary is one thing, but taxes on annual incentive, stock options, and other perks, well, that's another story. tax it all the same. this is the top paid exec. out of 100 examples in Houston area alone recently ;
base salary $1,400,000.
Annual incentive $21,821,400.
total equity $6,414,055.
all other comp $276,207.
change in pension $1,617,757.
Total direct compensation $31,529,419.
see top 100 Houston, Texas area
http://fuelfix.com/blog/2012/07/30/pay-swells-for-top-bosses/
SHOW US YOUR TAX RECORDS MITT, ALL OF THEM !
It seems as if some members of Congress have made it their goal not to work with the president, to make sure he fails, and to do just that by any means necessary. they got it from their leader when mitch mcconnell said ;
"the single most important thing we want to achieve is for President Obama to be a one-term president."
the republicans chose to hang America out to dry for 4 years, and that’s what they did, and now they want to blame Obama.
Obama inherited deficits from Bush administration
In a spirited and unscripted debate with the House GOP, President Barack Obama said Republicans were wrong to portray him as running up large deficits.
Speaking at a retreat for House Republicans in Baltimore on Jan. 29, 2010, Obama was particularly critical of a question from Rep. Jeb Hensarling of Texas. Hensarling asked Obama, "You are soon to submit a new budget, Mr. President. Will that new budget, like your old budget, triple the national debt and continue to take us down the path of increasing the cost of government to almost 25 percent of our economy?"
"The fact of the matter is," Obama replied, "is that when we came into office, the deficit was $1.3 trillion -- $1.3 trillion. So when you say that suddenly I've got a monthly deficit that's higher than the annual deficit left by Republicans, that's factually just not true, and you know it's not true. And what is true is that we came in already with a $1.3 trillion deficit before I had passed any law. What is true is, we came in with $8 trillion worth of debt over the next decade."
We checked Hensarling's claim in a separate item. Here, we'll look at Obama's claim that he came into office with a $1.3 trillion deficit and $8 trillion worth of debt over the next decade.
On Jan. 7, 2009, two weeks before Obama took office, the Congressional Budget Office reported that the deficit for fiscal year 2009 was projected to be $1.2 trillion. The 10-year projection was estimated to be about $3.1 trillion. So Obama's number was very close on the 2009 deficit -- he said $1.3 trillion -- but substantially different from the 10-year projection -- he said $8 trillion.
There are two reasons why he differs from the CBO. On the difference between the $1.2 trillion and the $1.3 trillion, the Obama administration credited a small portion of spending on its watch to policies of the previous administration. The reason for this is that the federal government runs on a fiscal year that starts Oct. 1, so Bush and Obama technically split responsibility for 2009 spending.
The large difference on the 10-year projection has to do with Bush administration tax cuts. The CBO creates its estimates based on current law, which means the CBO assumes that the Bush tax cuts will end in 2010 and everyone will start paying higher taxes in 2011 and going forward. The Obama administration, on the other hand, assumed in its baseline that those tax cuts would be renewed.
Economists we spoke with -- Josh Gordon, policy director for the Concord Coalition, and Brian Riedl, lead budget analyst of the conservative Heritage Foundation -- both said they believe the White House approach is more realistic because it assumes current policy will continue.
So the CBO's estimate is $5 trillion lower than the White House numbers, though economists don't quibble with the White House methodology. It does highlight, however, that when it comes to budget projections, people can have differences of opinion about what to include. In any budget projection there is room for interpretation, but it seems reasonable to assume for a baseline that the Bush tax cuts will continue. Obama's numbers are fairly solid, so we rate his statement Mostly True.
http://www.politifact.com/truth-o-meter/statements/2010/jan/29/barack-obama/obama-inherited-deficits-bush-administration/
I don’t think God could have fixed what GW et al screwed up so bad in 4 years, or even 8, with the additional wars he got us in.
the only thing romney will do is protect his assets $$$ by taking more from the lower and middle class, while cutting the taxes on the rich. the old excuse of, we cut taxes for the rich so they can create jobs, is another lie. if that was the case, where are the jobs since the bush tax breaks were implemented? it’s a scam folks, and the lower and middle class fell for it. will they fall for it again?
SOME OF ROMNEY RYAN GOP ‘FOR THE RICH’ PLATFORM
TAXES:
"We reject the use of taxation to redistribute income, fund unnecessary or ineffective programs or foster the crony capitalism that corrupts both politicians and corporations."
It says a Republican administration would extend the Bush tax cuts of 2001 and 2003, pending reform of the tax code. It says the party would strive to eliminate taxes on interest, dividends and capital gains altogether for lower- and middle-income taxpayers. It also would work to repeal the estate tax and the alternative minimum tax.
The party backs constitutional amendments to balance the federal budget and require a super majority for any tax increases...end
a vote for romney ryan ticket, is a vote for the rich, and a vote against the lower and middle class. it’s a vote against women. it’s a vote against everything that is not white. it’s a vote against the elderly, the disabled, the mentally challenged. it’s a vote against medical care for folks that don’t have it. that is what they romeny ryan ticket is, I GOT MINE, too bad for you. your scum if you don’t have yours. don’t be fooled, this is the romney ryan ticket.
tax the rich. hit them hard. make the rich finally start paying their fare share, and please include their pensions, stock options, annual incentive, etc., because taxes on one million salary is one thing, but taxes on annual incentive, stock options, and other perks, well, that's another story. tax it all the same. this is the top paid exec. out of 100 examples in Houston area alone recently ;
base salary $1,400,000.
Annual incentive $21,821,400.
total equity $6,414,055.
all other comp $276,207.
change in pension $1,617,757.
Total direct compensation $31,529,419.
see top 100 Houston, Texas area
http://fuelfix.com/blog/2012/07/30/pay-swells-for-top-bosses/
SHOW US YOUR TAX RECORDS MITT, ALL OF THEM !