Bush is Mostly Responsible for the Deficits Today

[LilOlLady]

Bush is Mostly Responsible for the Deficits Today

The wars in Iraq and Afghanistan
The Bush Tax Cuts.
Medicare Advantage
Also regarding government spending … under President Obama is less than any president in the past 60 years. That was rated “mostly true” by Politifact. (source)
Yes – Bush is Mostly Responsible for the Deficits Today ‹ I Acknowledge Class Warfare Exists

 

[LilOlLady]

Ryan Backed Stimulus Bill Under President Bush In 2002“What we’re trying to accomplish today with the passage of this third stimulus package is to create jobs and help the unemployed,” Ryan said. “What we’re trying to accomplish is to pass the kinds of legislation that when they’ve passed in the past have grown the economy and gotten people back to work.”
Ryan voted against the stimulus in 2009, but then requested funds for his home state once the bill had been signed into law. Ryan initially denied having requested stimulus funds, then admitted he had and apologized when confronted with the letters
Stimulus Critic Paul Ryan Backed Stimulus Under George W. Bush In 2001 | TPM2012


Paul Ryan defended stimulus in 2002, when George W. Bush wanted it
VIDEO: Paul Ryan defended stimulus in 2002, when George W. Bush wanted it - Up with Chris Hayes

His alter ego miss-spoke. The three Bush stimulus packages did not work because they were mainly in tax cuts for big businesses and did not create jobs here. They took the tax cuts and split for China and India a created jobs there.

 

[Truthseeker420]

What about TARP?

 

[Lakhota]

 

[Dont Taz Me Bro]

Bush is Mostly Responsible for the Deficits Today

The wars in Iraq and Afghanistan
The Bush Tax Cuts.
Medicare Advantage
Also regarding government spending … under President Obama is less than any president in the past 60 years. That was rated “mostly true” by Politifact. (source)
Yes – Bush is Mostly Responsible for the Deficits Today ‹ I Acknowledge Class Warfare Exists

True, but then Obama came along and will soon easily eclipse him.

 

[Caroljo]

What has Obama done to fix this?? I don't expect a true answer........

 

[Leweman]

Nah, Obama is.

 

[SniperFire]

Sorry to kill the thread:

[youtube]KFhKPbgZbns[/youtube]

 

[ScienceRocks]

What has Obama done to fix this?? I don't expect a true answer........

4 years of trillion dollar deficits, but that isn't Obama's fault. Isn't it amazing how they can spin and bend the truth? What happen to the buck stops here?

The question is where is the money going? It certainly hasn't gone to help this country.

 

[g5000]

Bush is Mostly Responsible for the Deficits Today

The wars in Iraq and Afghanistan
The Bush Tax Cuts.
Medicare Advantage
Also regarding government spending … under President Obama is less than any president in the past 60 years. That was rated “mostly true” by Politifact. (source)
Yes – Bush is Mostly Responsible for the Deficits Today ‹ I Acknowledge Class Warfare Exists

The chart in your link is over three years old.

So this blaming of Bush for the "Deficits Today" business is bunk. That was the deficits of more than three years ago.


Obama has managed to greatly expand the deficits allllllll by himself since then.



Nice try.



.

 

[Lakhota]

 

[whitehall]

Obama had two years with a democrat majority in both houses of congress and he signed the bill to extend the "Bush tax cuts" twice. Did he make a mistake?

 

[healthmyths]

Bush is Mostly Responsible for the Deficits Today

The wars in Iraq and Afghanistan
The Bush Tax Cuts.
Medicare Advantage
Also regarding government spending … under President Obama is less than any president in the past 60 years. That was rated “mostly true” by Politifact. (source)
Yes – Bush is Mostly Responsible for the Deficits Today ‹ I Acknowledge Class Warfare Exists

What about the $8 trillion in losses from was that Bush's fault???
1)The Stock Market Crash of 2000-2002 caused the loss of $5 trillion in the market value of companies from March 2000 to October 2002. Dot-com bubble - Wikipedia, the free encyclopedia
You realize these losses are still being written off at the rate of $166 billion.

2) Did you remember 9/11? since 2002 that's another $66 billion.. was that Bush's fault???
Counting the value of lives lost as well as property damage and lost production of goods and services, losses already exceed $100 billion.
Including the loss in stock market wealth ,the market's own estimate arising from expectations of lower corporate profits and higher discount rates for economic volatility -- the price tag approaches $2 trillion.
The Cost of September 11

3) Obviously you totally weren't around from 2003 -2008 when the WORST Hurricane SEASONS occurred with
Katrina?? Sound familiar?
All of those cost over $1 trillion in losses to businesses, 400,000 jobs!
FACT: Worst hurricane SEASONS in history wiped out $1 Trillion
Did you know the WORST HURRICANE SEASONS..PLURAL..SEASONS IN HISTORY occurred And 4 of the TOP MOST EXPENSIVE ($240 Billion ) hurricanes???
#1 Hurricane Katrina August 2005 Louisiana, the most destructive
hurricane in US History caused $200 billion in damage.
#3 Hurricane Charley August 13 - 14, 2004 Florida causing $15 billion
#4 Hurricane Ivan September 16 - 24, 2004 $14.2 billion in damage
#8 Hurricane Frances September 5, 2004 Florida caused $8.9 billion
http://www.epicdisasters.com/index.php/site/comments/the_ten_costliest_us_hurricanes/

This means since 2002 nearly $266 billion have been written off against taxes..
Obviously you don't know what that means so let me make it simple.
Instead of the Treasury getting $266 billion a year since 2002 or in the last 10 years $2.6 Trillion in LOST tax revenue!
So without ANY acknowledgement of that lost REVENUE you are blaming Bush!

By the way if there had been communication between the CIA with the FBI.. maybe 9/11 would not have happened...
BUT who's fault was that? You won't admit it but it was the Gorelick Memo in Clinton's administration.

Also when Iraq was liberated it was the resumption of the 1991 CEASE FIRE! This means the war never ended.. was finally ended!

$2.6 trillion in lost revenue but of course YOU won't admit these FACTS!!!

 

[ScienceRocks]

At least not ONE month of both of Bush's terms seen 8+ unemployment and trillion dollar Deficits. Mostly 4.5-6% with 100-400 billlion per year deficits.

Really how can 1/2 to 1/3rd(400 billion/year) deficits over a term of 4 years(2004-2008) add up to be more than Obama's 1.1-1.5 trillion deficits over the same time period. The math doesn't make sense.

 

[healthmyths]

Will any of you honestly admit these are the facts?
$2.6 trillion due to lost taxes due to dot.com bust/9/11 and worst hurricanes ALL events Bush could not have done anything to prevent!!!
Now Obama... what' was his excuse after all he's a well in Evan Thomas editor of NewsWeek's words:

" I mean in a way Obama’s standing above the country, above –
above the world,
he’s sort of God." –

Where was this "god"...why didn't he stop these events???

 

[g5000]

Folks, the person who started the OP does not know how to read a chart.

It is over three years old. The claim that Bush is responsible for the deficits of today is bullshit.

Bush did not write the FY2013 $1.3 trillion deficit budget. Nor did he write the FY2012 $1.3 trillion deficit budget. Nor did he write the FY2011 $1.3 trillion deficit budget. Nor did he write the FY2010 $1.3 trillion deficit budget.

Obama's four years of deficits add up to $5.2 trillion.

He did that all by himself.

The source of the chart in the OP is a June 2009 NY Times piece. The dipshit who wrote the OP article either deliberately used it to mislead, or is an idiot. Then the second dipshit who started this topic swallowed it hook, line, and sinker.


/thread

 

[healthmyths]

What about it? Don't any of you have the guts to admit
1) DOT.COM BUST HAPPENED! And experts say there were $5 trillion in losses being written off!
2) Geez... I thought someone would say oh Bush caused 9/11 RIGHT even if he did another $66 billion!
3) Worst hurricanes now Bush never considered a god like Obama so why isn't Obama responsible?

 

[skookerasbil]

nobody cares about George Bush.

 

[healthmyths]

nobody cares about George Bush.

So you say the entire 2000-2008 events didn't happen?
You say so what $2.6 trillion that was lost due to dot.com/9/11/hurricanes didn't happen?

Are you a f..king idiot?

At least admit those events occurred!

Once you admit that as well as the other Bush Bashers Maybe just maybe you have a chance at the reality of the world!

 

[ScienceRocks]

I'll admit bush sucks....But defending Obama is like defending a turd.

Why do it?