sangha
Senior Member
- Jun 1, 2010
- 5,997
- 179
- 48
NIce try..Won't wash. This is Obama's watch and he is responsible. Period done end of story....In 20 months, Obama has spent more than all other presidential admins combined.
Now, with breakneck speed, the Dollar is headed downhill. We may end up with hyperinflation and double digit interest rates very soon. He has tripled the deficit. Spent over 3 trillion dollars we do not have.
One thing is certain, if the bleeding caused by Obama is not stopped, this recession is going to destroy our economy.. Have you noticed the price of gas lately? Yeah up some 15-to 20 cents per gallon. Not due to demand. Due to inflation. The dollar is being slammed by the federal reserve. There has been no real uptick in buying of oil futures contracts. The price of oil is based on the Dollar. As the dollar falls in value, the price of oil rises.
Obama and his people are deliberately scuttling the dollar to make the NYSE Dow Jones Average look better. Stocks are way overpriced right now.
This is going to be a very shitty holiday season.....All Obama's doing.
Wrong, the spending in the first year of Obama's term (FY2009) was passed under bush*'s watch, and both the FY2009 and FY2010 budgets were saddled with record setting spending requirements from bush*'s TARP program. bush* saddled us with spending.
21 months...Sorry, you Obamatons cannot blame Bush anymore....Bush did not approve $1 trilllion in "stimulus"...Bush did not have the fed print money to give to Wall Street.
Obama did this. His watch. His policies.
BTW most if not all TARP money has been paid back in full.
You're all wet here. out of gas.
1) Even the rightwing Heritage Foundation agrees that Obama's budgets don't start until FY2010
Bush Deficit vs. Obama Deficit in Pictures | The Foundry: Conservative Policy News.
. Presidents Bush and Obama share responsibility for the FY 2009 budget deficit that overlaps their administrations, before President Obama assumes full budgetary responsibility beginning in FY 2010.
2) Not $1 trillion....it was $787billion, and most of it was tax cuts, not spending. And neither bush* nor Obama controls the Fed. And the current payback of the TARP funds do not affect the past budgets; they affect the current (FY2010) budget. The govts books use a cash accrual basis
IOW, you got EVERY. SINGLE. THING. WRONG
Good work!!