Bush is Mostly Responsible for the Deficits Today

Obama wasn't president until 2009 so he isn't totally at fault. Coming out of a long cycle of recession can take years and much of it is up to Congress to try to solve. And what party has controlled the Congress for the last 2 years? Pubs are fooling themselves if they think Romeny/Ryan will fix things!

As the charts will show at the link, there was a deeper recession in 2007 and we are climbing out of it slowly. The deeper the recession, the slower the recovery and it isn't completely or even largely Obama's fault.

And if republicans and their supporters knew anything about the economy (I actually think they are stretching the truth and in some cases lying about who is responsible and supposedly how Romney/Ryan are going to fix it), they would realize that the world economy influences the US economy and is a cause of our recession and unemployment. There is only so much Obama or any president can do to change it. World trade volume greatly affects almost all economies, the US included. It is starting to pick up and is the one bright spot in the recovery. What the president does or doesn't do does not dramatically affect our economy because we are interdependent across the world.


Post-WWII Recessions

The Business Cycle Dating Committee of the National Bureau of Economic Research determines the beginning and ending dates of U.S. recessions. http://www.nber.org/cycles.html

It has determined that the U.S. economy experienced 10 recessions from 1946 through 2006. The committee determined that the 2007-2009 recession began in December 2007 and ended in June of 2009. Ending dates are typically announced several months after the recession officially ends. Read the June 2009 trough announcement by the NBER.


Length of Recessions

The 10 previous postwar recessions ranged in length from 6 months to 16 months, averaging about 10 1/2 months. The 2007-09 recession was the longest recession in the postwar period, at 18 months.

Depth of Recessions

The severity of a recession is determined in part by its length; perhaps even more important is the magnitude of the decline in economic activity. The 2007-09 recession was the deepest recession in the postwar period; at their lowest points employment fell by 6.3 percent and output fell by 5.1 percent.

One of several predictions says our economy will improve (with no help from Romney because the predictors are based on current stats.)

BMO chief investment strategist Brian Belski went on Bloomberg TV yesterday and made a huge call: he told viewers that "we're on the verge of the next great bull market" in stocks.

Belski said that "in the last 10 - 12 years we in the investment world have become so macro dominated we've forgotten that really fundamentals define stocks. We live by one very simple premise that stocks lead earnings, which lead the economy.

Read more


Florida Obama 49 Romney 46
Ohio 50 44
Virginia 50 45
Colorado 49 46
Nevada 49 45
Wisconsin 50 45
MI 44 47
PA 48 42​
 
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Bush Derangement Syndrome makes it's grand return.
images
 
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

Actually Obama has not spent 1 cent during his Presidency.
He has been the only President in History to not have spent any money at all during his term. All he has done is collect huge amounts of tax dollars and did not have any expenses.

When hosting a foreign dignitary recently for dinner the kitchen realized that they were short on food and wine.The President was not alarmed ...He bowed his head and was silent a moment and then....The White House Press corps reported the next day that the dinner was a huge success with so much food and wine they had to give most of it away
to the local shelters....

This story was rated..... well if you are an Obama kiss ass it's kinda true...
 
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The war continues years after Bush left office....
This is not happening under Obama's term?.....he has nothing to do with it?...
The Bush tax cuts that Obama has extended again and again and again...
This is not something that Obama is accountable for.
Four years in office and this President still does not have a budget...

If Obama wins another term will he then be held accountable for what happens while he is President.
You guys are so far up Obama's ASS it's unbelievable.
 
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Obama wasn't president until 2009 so he isn't totally at fault. Coming out of a long cycle of recession can take years and much of it is up to Congress to try to solve. And what party has controlled the Congress for the last 2 years? Pubs are fooling themselves if they think Romeny/Ryan will fix things!

As the charts will show at the link, there was a deeper recession in 2007 and we are climbing out of it slowly. The deeper the recession, the slower the recovery and it isn't completely or even largely Obama's fault.

And if republicans and their supporters knew anything about the economy (I actually think they are stretching the truth and in some cases lying about who is responsible and supposedly how Romney/Ryan are going to fix it), they would realize that the world economy influences the US economy and is a cause of our recession and unemployment. There is only so much Obama or any president can do to change it. World trade volume greatly affects almost all economies, the US included. It is starting to pick up and is the one bright spot in the recovery. What the president does or doesn't do does not dramatically affect our economy because we are interdependent across the world.


Post-WWII Recessions

The Business Cycle Dating Committee of the National Bureau of Economic Research determines the beginning and ending dates of U.S. recessions. http://www.nber.org/cycles.html

It has determined that the U.S. economy experienced 10 recessions from 1946 through 2006. The committee determined that the 2007-2009 recession began in December 2007 and ended in June of 2009. Ending dates are typically announced several months after the recession officially ends. Read the June 2009 trough announcement by the NBER.


Length of Recessions

The 10 previous postwar recessions ranged in length from 6 months to 16 months, averaging about 10 1/2 months. The 2007-09 recession was the longest recession in the postwar period, at 18 months.

Depth of Recessions

The severity of a recession is determined in part by its length; perhaps even more important is the magnitude of the decline in economic activity. The 2007-09 recession was the deepest recession in the postwar period; at their lowest points employment fell by 6.3 percent and output fell by 5.1 percent.

One of several predictions says our economy will improve (with no help from Romney because the predictors are based on current stats.)

BMO chief investment strategist Brian Belski went on Bloomberg TV yesterday and made a huge call: he told viewers that "we're on the verge of the next great bull market" in stocks.

Belski said that "in the last 10 - 12 years we in the investment world have become so macro dominated we've forgotten that really fundamentals define stocks. We live by one very simple premise that stocks lead earnings, which lead the economy.

Read more


Florida Obama 49 Romney 46
Ohio 50 44
Virginia 50 45
Colorado 49 46
Nevada 49 45
Wisconsin 50 45
MI 44 47
PA 48 42​


NOT ONE mention of $2.7 trillion in LOST TAX REVENUE due to
1) Dot.com $5 trillion losses
2) 9/11 and $ trillion losses
3) Worst Hurricane SEASONS plural.. $1 trillion...
Why are you so afraid to admit that this $2.7 trillion none of which was Bush OR Obama's fault created a tremendous LOSS???
If Obama had been President and these events occurred.. HE couldn't do any different then Bush for events out of their control!!!
 
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.

Nope.

Not even close.

Not even in the same galaxy as ReaganBush.

ReaganBush together are responsible for

$15,032,093,781,425.20

ReaganBushDebt.org




See what I mean?
 
He gets to blame Bush.
He gets to blame Congress.
He's got nothing to do with anything...

Another 4 years of UE over 8%...
Housing market in shambles.
Iran will be ready to launch a massive nuclear strike against Israel.
Record number of people on food stamps.
Record number of people on disability.

Well as long as the gays are taken care of with DADT..and we have
Gay Marriage,abortion is thriving,Sandra Fluke has plenty of Birth control pills....
No shortage of plastic surgeons to keep Barbara Boxer looking young...

All the important stuff has been taken care of...
 
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
Let Me correct that for you.

OBAMA is responsible for the 1T deficits for the past 4 years and the collapse of the American Economy that is coming.

There you go. Have a nice day.
 
But if we say Obama is responsible.....
Then we are all racists...
Oh MY! :eusa_shhh:
If Idiots are a race, then I'm a racist. Obama has to be the dumbest mother I've seen since I left this forum last night.
 
Ha ha ha ha!!! OMG that's good....
If this is true....you just proved what a great job our republican congress has done since 2010 to stop his crazy spending!!! Thanks...you just made my day! Lol!
 
According to Madeline Albright democrats will blame Bush forever.

Did you hear, they are going to rename the San Andreas Fault the Bush Fault.
 

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