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Obama's BIG flop

Sandhusker

Well-known member
Obama, "When President Bush came into office, we had a budget surplus and the national debt was a little over $5 trillion. It has doubled over the last eight years. And we are now looking at a deficit of well over half a trillion dollars.

So one of the things that I think we have to recognize is pursuing the same kinds of policies that we pursued over the last eight years is not going to bring down the deficit. And, frankly, Senator McCain voted for four out of five of President Bush's budgets

We've got to take this in a new direction, that's what I propose as president.
------------------------------

Prior to election, he was talking about lowering the deficit. After the election, he's pushing a massive spending bill. He's projected to run bigger deficits than Bush ever did for the next few years!

Can we get rid if this lying bastard now, before serious damage is done?
 
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Anonymous

Guest
Bush backers- so called Repub "fiscal conservatives" can't say a word....

Its a comedy when even Bush's first Treasury Secretary (Snow) told him you can't reduce taxes when you spend, spend, spend, spending (so he fired him) and continued on spending- unquestioned by these so called "fiscal conservatives"- who were the majority in Congress :roll: ...

So now we have the economy we have- with some predicting 2-10 years of recession/depression..

Its a joke anymore when any Repubs/" fiscal conservatives" get up on the floor of Congress and say "fiscal conservatism"- and we can't spend anything because its a debt on our kids/grandkids.....

Its a joke- because GW Bush never seemed to have any problem handing it out right and left to his Halliburton,DynCorp, KBR, etal buddies along with any Mullah that wanted it in Iraq- all of which stuck their earnings in foreign bank accounts (advised by Foreclosure Phil's Bank) so they didn't have to pay US taxes...
And now the Administration wants to spend money on Americans and to rebuild US industry and infrastructure- and the so called "fiscal conservatives" bitch :???:

Where were they 4-5 years ago :???:
 

Sandhusker

Well-known member
You're not getting it, OT. Obama is flip-flopping again. He give the impression that he concerned with deficit spending, and then he proposes the biggest deficit spending plan ever. He's a damn hypocrite.
 
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Anonymous

Guest
Sandhusker said:
You're not getting it, OT. Obama is flip-flopping again. He give the impression that he concerned with deficit spending, and then he proposes the biggest deficit spending plan ever. He's a damn hypocrite.

Hypocrite or whatever-- the situation is changing daily...You might be the next one kicking your lunch bucket down the road :wink: ...

And the biggest share of economic advisors (Repub and Dem) are saying its going to take some spending and drastic measures to bring the Bush Bust economy back- hopefully in the next 2-10 years....

That was one of GW's biggest faults- his arrogance- and neocon advisors- couldn't admit when they were wrong- or screwed up- and continued marching ahead even when it took us to the point of meltdown-- which he then came out screaming/begging for Congress's help for because he didn't want to go down in history as another Hoover :roll:
 

Tam

Well-known member
Oldtimer said:
Sandhusker said:
You're not getting it, OT. Obama is flip-flopping again. He give the impression that he concerned with deficit spending, and then he proposes the biggest deficit spending plan ever. He's a damn hypocrite.

Hypocrite or whatever-- the situation is changing daily...You might be the next one kicking your lunch bucket down the road :wink: ...

And the biggest share of economic advisors (Repub and Dem) are saying its going to take some spending and drastic measures to bring the Bush Bust economy back- hopefully in the next 2-10 years....

:roll:
Oldtimer Look what was in the New York Times

Economists slam Barack Obama's stimulus package

The line from Barack Obama and Joe Biden is that all economists agree with a stimulus package to expand government spending. So they won't have been happy to see a full page advertisement in today's New York Times disagreeing, signed by around 200 academic economists, including three Nobel prize-winners.
Economists speak out against the stimulus package

According to Mr Biden: "Every economist... from conservative to liberal, acknowledges that direct government spending on a direct program now is the best way to infuse economic growth and create jobs."
Barack Obama said earlier this month that: "There is no disagreement that we need action by our government, a recovery plan that will help to jumpstart the economy."

But the economists who signed the advert, funded by the Cato Institute in Washington DC, say that: "we the undersigned do not believe that more government spending is a way to improve economic performance. More government spending by Hoover and Roosevelt did not pull the United States economy out of the Great Depression in the 1930s. More government spending did not solve Japan's "lost decade" in the 1990s."

They propose instead that: "To improve the economy, policymakers should focus on reforms that remove impediments to work, saving, investment and production. Lower tax rates and a reduction in the burden of government are the best ways of using fiscal policy to boost growth."
 

Martin Jr.

Well-known member
I hope that Obama succeeds in being a good leader, but I hope he fails in his stimulus package and a few other things he has in mind, like FOCA, gun control, as I think these are products of a poor leader.
I hope Nancy Pelosi fails in everything she does,
Don't have to worry much about Biden, he is too dumb to think of anything on his own.
 

hypocritexposer

Well-known member
Its a comedy when even Bush's first Treasury Secretary (Snow) told him you can't reduce taxes when you spend, spend, spend, spending (so he fired him) and continued on spending- unquestioned by these so called "fiscal conservatives"- who were the majority in Congress Rolling Eyes ...

Obama must be using the same advisor. the democrats just voted to spend about 500 Billion, and cut taxes by 300 billion.

what are the interest payments on that anyway? You'd think if the dem's thought Bush made a mistake in how he handled the economy, they wouldn't make the same mistake!
 
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Anonymous

Guest
But the economists who signed the advert, funded by the Cato Institute in Washington DC, say that: "we the undersigned do not believe that more government spending is a way to improve economic performance. More government spending by Hoover and Roosevelt did not pull the United States economy out of the Great Depression in the 1930s. More government spending did not solve Japan's "lost decade" in the 1990s."

They propose instead that: "To improve the economy, policymakers should focus on reforms that remove impediments to work, saving, investment and production. Lower tax rates and a reduction in the burden of government are the best ways of using fiscal policy to boost growth."

Problem is- thats much of the policy we've had for at least the last 8 years - and the middle class's earnings dropped- more entered the poverty levels and the CEO's earnings went to 320 times the workers (world average is 8-12 times)... The moneyed and Corporate folks were given big taxbreaks- and unrestricted/unregulated control of that money-- and screwed up royal- putting greed over ethics and showing they can't be trusted to operate in the best interests of the country, unpoliced and unregulated..

Repubs were given 14 years control of Congress- 6 of which they had total control of D.C. -- and we end up in the worst financial straits in 80 years :roll:

Until Republicans/Conservatives remember the small businessman and workers who made this country-something Bush and the neocons forgot- and again support them as much as the Fatcat moneymen lobbyiests that have lined their pockets-- they are destined to wander in the wilderness....

We wish to control big business so as to secure among other things good wages for the wage-workers and reasonable prices for the consumers. Wherever in any business the prosperity of the businessman is obtained by lowering the wages of his workmen and charging an excessive price to the consumers we wish to interfere and stop such practices. We will not submit to that kind of prosperity any more than we will submit to prosperity obtained by swindling investors or getting unfair advantages over business rivals. ~ Theodore Roosevelt 06-17-12

Entrepreneurs and their small enterprises are responsible for almost all the economic growth in the United States.
Ronald Reagan
 

Sandhusker

Well-known member
OT, "The moneyed and Corporate folks were given big taxbreaks....."

What's your tax bracket compared to Exxon-Mobile's or Warren Buffet's?
 
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Anonymous

Guest
Sandhusker said:
OT, "The moneyed and Corporate folks were given big taxbreaks....."

What's your tax bracket compared to Exxon-Mobile's or Warren Buffet's?

Buffet says his secretary has to pay more taxes than he does :shock: :roll: :???:
 

Tam

Well-known member
Oldtimer said:
But the economists who signed the advert, funded by the Cato Institute in Washington DC, say that: "we the undersigned do not believe that more government spending is a way to improve economic performance. More government spending by Hoover and Roosevelt did not pull the United States economy out of the Great Depression in the 1930s. More government spending did not solve Japan's "lost decade" in the 1990s."

They propose instead that: "To improve the economy, policymakers should focus on reforms that remove impediments to work, saving, investment and production. Lower tax rates and a reduction in the burden of government are the best ways of using fiscal policy to boost growth."

Problem is- thats much of the policy we've had for at least the last 8 years - and the middle class's earnings dropped- more entered the poverty levels and the CEO's earnings went to 320 times the workers (world average is 8-12 times)... The moneyed and Corporate folks were given big taxbreaks- and unrestricted/unregulated control of that money-- and screwed up royal- putting greed over ethics and showing they can't be trusted to operate in the best interests of the country, unpoliced and unregulated..

Repubs were given 14 years control of Congress- 6 of which they had total control of D.C. -- and we end up in the worst financial straits in 80 years :roll:

Until Republicans/Conservatives remember the small businessman and workers who made this country-something Bush and the neocons forgot- and again support them as much as the Fatcat moneymen lobbyiests that have lined their pockets-- they are destined to wander in the wilderness....

We wish to control big business so as to secure among other things good wages for the wage-workers and reasonable prices for the consumers. Wherever in any business the prosperity of the businessman is obtained by lowering the wages of his workmen and charging an excessive price to the consumers we wish to interfere and stop such practices. We will not submit to that kind of prosperity any more than we will submit to prosperity obtained by swindling investors or getting unfair advantages over business rivals. ~ Theodore Roosevelt 06-17-12

Entrepreneurs and their small enterprises are responsible for almost all the economic growth in the United States.
Ronald Reagan

You claim economist support Obama's stimulus package but 200 of them buy a full paid ad and disagree with Obama and all you can do is bring up Bush hating crap. :roll:

And Please don't talk about Ethics when Obama and the Democrat Senate just voted for a TAX CHEAT for Treasury Sec. :roll: :roll: :roll: :roll:
 

Sandhusker

Well-known member
Oldtimer said:
Sandhusker said:
OT, "The moneyed and Corporate folks were given big taxbreaks....."

What's your tax bracket compared to Exxon-Mobile's or Warren Buffet's?

Buffet says his secretary has to pay more taxes than he does :shock: :roll: :???:

You dodged the question.
 
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