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Old 06-14-2012, 07:15 AM  
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Originally Posted by rivalarrival View Post
You are correct: Too many people were allowed to play fast and loose with the mortgage market, and by the time the government started doing what it should have been doing all along, the bubble popped and everyone got screwed. A year later, Obama took office with a plan to kill anything that looked or acted like a pig, and clean up the mess. The Teapublicans said "You can't kill everything that looks or acts like a pig; We were elected by those pigs! But we have a plan. If we wait until they destroy absolutely everything, we'll have nothing to lose by rebuilding!
. . . and so far any recovery seems to be in spite of Obama.
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Old 06-14-2012, 03:04 PM  
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. . . and so far any recovery seems to be in spite of Obama.
Except that the GOP's plan isn't for recovery; it's for burning everything to the ground and being happy when some of it starts to grow back. Obama's plan is actually for recovery.
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Old 06-14-2012, 03:44 PM  
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Except that the GOP's plan isn't for recovery; it's for burning everything to the ground and being happy when some of it starts to grow back. Obama's plan is actually for recovery.
I see no evidence of either. However, I see no plan on either side for recovery. The Congressional Budget Office is again warning that the government's mounting debt problems threaten to swamp the economy unless policymakers move to arrest out-of-control deficits.
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Old 06-14-2012, 05:17 PM  
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Originally Posted by Eddie_T View Post
I see no evidence of either. However, I see no plan on either side for recovery. The Congressional Budget Office is again warning that the government's mounting debt problems threaten to swamp the economy unless policymakers move to arrest out-of-control deficits.
See no evidence of either? *YOU* presented evidence of both in your original post!
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Old 06-15-2012, 08:05 AM  
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Originally Posted by rivalarrival View Post
See no evidence of either? *YOU* presented evidence of both in your original post!
That wasn't evidence.

From CBS News:
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Mr. Obama doesn't mention the National Debt much, though he does want to be seen trying to reduce the annual budget deficit, though it's topped a trillion dollars for four years now.

As part of his "Win the Future" program, Mr. Obama called for "taking responsibility for our deficits, by cutting wasteful, excessive spending wherever we find it."

His latest budget projects a $1.3 trillion deficit this year declining to $901 billion in 2012, and then annual deficits in the range of $500 billion to $700 billion in the 10 years to come.

If Mr. Obama wins re-election, and his budget projections prove accurate, the National Debt will top $20 trillion in 2016, the final year of his second term. That would mean the Debt increased by 87 percent, or $9.34 trillion, during his two terms.
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Old 06-15-2012, 01:03 PM  
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Originally Posted by Eddie_T View Post
That wasn't evidence.

From CBS News:
The issues at hand are whether Obama made things worse than if he had done nothing, and the GOP plan for economic recovery.

The GOP plan is "**** the economy; let it burn". They say they want to rely on the economic principle that if you wait around long enough, things will change.

But what's actually happening now is that nothing is approved without the consent and support of house republicans, so what we're experiencing *is* the GOP plan to do nothing- not Obama's plan to do something.

And what we've got is the GOP whining that the economy isn't working, even though we're now following their plan.

It's amazing that a political party who claims "fiscal responsibility" as one of their basic tenets is openly advocating burning everything to the ground and starting over. The economic damage of their plan is incalculable. There is no way to predict how far the economy would fall before it started to rebound.
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Old 06-15-2012, 02:34 PM  
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But if Obama wins . . .
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If Mr. Obama wins re-election, and his budget projections prove accurate, the National Debt will top $20 trillion in 2016, the final year of his second term. That would mean the Debt increased by 87 percent, or $9.34 trillion, during his two terms.
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Old 06-15-2012, 09:30 PM  
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But if Obama wins . . .
Better to have a growing economy and a lot of debt than no economy and, well, a lot of debt.
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Old 06-16-2012, 09:36 AM  
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Better to have a growing economy and a lot of debt than no economy and, well, a lot of debt.
Since the economy is growing slowly on its own I think it would be better to take a chance on Romney than to continue the deception.

Obama is pushing his jobs bill saying the rich will only pay a little. But note that construction workers are the only private sector group that would benefit (and their work is probably in the public domain). Again he is tinkering in attempt to buy votes while ignoring the continuing deficits and growing debt.
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