Bush's Fault!

Discussion in 'Economy' started by ihopehefails, Feb 6, 2010.

  1. ihopehefails
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    ihopehefails BANNED

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    This economy is Bush's fault or at least sort of. I believe that the current fed chief is a Keynsian easy credit guy which is why the interest rates have been so low for the last ten years. This is what is causing the problems now but since Bush appointed him it is his fault for doing so but what good does it do to blame the past president when the current president is Keynes X 10.
     
  2. Neubarth
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    Neubarth At the Ballpark July 30th

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    Obama is sadly being made into a fool by all of those around him. This is the same crowd that believes in rewarding the bankers by giving them the opportunity to make easy money from the fools investing in mutual funds. The Big Bankers are setting up the American Public to be financially raped, and Obama is doing nothing about it. I am convinced that he is being duped. He has some guilt, but he knows not how corrupt all these sons of bitches are.
     
    Last edited: Feb 6, 2010
  3. Titanic Sailor
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    Titanic Sailor Senior Member

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    The state of our economy is absolutely deliberate, and started when Bush was lame ducked in 2006 and Dems had the majority in House and Senate. It was a two year period of zero done except Barney Frank and Dodd's TARP, and Gaithner's willful misrepresentations on AIG for TARP. Then we had Obama's porkulus bill ripoff that was designed to spare government from taking the harsh decisions the rest of the world implemented.

    You are here today because government wanted us here, and we will stay here until someone can reduce spending, cut government, and start reducing the budget. And priority number one should be in paying off debt to communist China.

    A Democrat can't fix our nation when fixing government is required. That's their voting base, they will only add to the failure, can never fix it.
     
  4. ihopehefails
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    ihopehefails BANNED

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    I was trying to get a discussion about policy rather than any particular politician. Anyways, hasn't anyone thought it was weird that during an economic boom the interest rates were at 5%. That is the lowest ever.
     
  5. JiggsCasey
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    JiggsCasey VIP Member

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    the best, and most reputable thing Obama could have done from him first days in office was purge all Bush holdovers, at least in the financial sector if not everywhere.

    He didn't, and it's really coming back to bite Obama in the ass. A real failure by the C-in-C.
     
  6. The Rabbi
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    The Rabbi Diamond Member

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    Other than Gates at Defense, which BUsh appointees did he holdover?

    Anyway, Bernanke bears primary responsibility for the meltdown, a fact that he has not admitted to yet.
    But Obama bears responsibility for taking a downturn and making it an extended crisis. If he had made different policies the recession would be over by now. As it is, it shows no signs of going away.
     
  7. editec
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    editec Mr. Forgot-it-All

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    What should be obvious, but apparently isn't to you partisans, is that there was no real change of managment in Washington last year.

    NOW we are Keynesians because before we were Randians.
     
  8. The Rabbi
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    The Rabbi Diamond Member

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    But I thought Obama ran on ending the failed policies of George W Bush?
     
  9. JiggsCasey
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    JiggsCasey VIP Member

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    Geitner went from the Fed to Treasurer? It's the same ponzi scheme cabal.

    Obama has the ability to shape the financial sector, and revamp the bought-off SEC ... you know, for the sake of real oversight... He hasn't.

    That's in addition to Justice, where still a full third of US attorneys are Bush Leaguers.

    Oh, this crisis was going to be "extended" no matter what course was taken. Any course short of a new Marshall Plan. ... Of that, I was certain long before Sept. 08.
     
    Last edited: Feb 8, 2010

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