- Banned
- #1
Obama has his failures and its blamed on the Tea Party whom holds only partial power.
Funny how that works for the left.
Funny how that works for the left.
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veto pen.....
Recessions require two successive fiscal quarters of a downward GDP to be declared a recession. The last day of the Bush/GOP fiscal budget was September 30th, 2007, the official recession started in December 2007, not even two month later. In other words, the recession was already over 4 months into the making when the last GOP budget was still in effect.
The Housing Bubble started in late 2006.
Let's be honest here, the Housing Bubble was a main factor for the recession and both parties were responsible for that, along with he Fed and banks.
To state in was one party that caused the recession is ludicrous.
veto pen.....
Your right, NEITHER of them used it when they should have.
Obama has a different problem than Bush and you know this. Obama or the left blaming the House is just politics, and really shouldnt be over thought. Just like the house blaming Reid and congress.
But the main difference is Bush and his congress DID things. They passed bills, where this one has done nothing. Being the party of no, doesnt help. Take the debt crisis, you dont go to the last minute and hold up the world economy because you are butt hurt you lost in 08.
You know why we werent not downgraded when the tab was being run up under Bush? They passed shit about the budget without much fighting. Yeah there was some but they still did it.
Recessions require two successive fiscal quarters of a downward GDP to be declared a recession. The last day of the Bush/GOP fiscal budget was September 30th, 2007, the official recession started in December 2007, not even two month later. In other words, the recession was already over 4 months into the making when the last GOP budget was still in effect.
The Housing Bubble started in late 2006.
Let's be honest here, the Housing Bubble was a main factor for the recession and both parties were responsible for that, along with he Fed and banks.
To state in was one party that caused the recession is ludicrous.
I agree with you. I was just pointing out the hypocrisy of the blame game.
water is wet....
There is hypocrisy from both sides. However, that should not be used to whitewash the predominantly Democrat contribution (Jimmy Carter and Bill Clinton) to the forcing of banks to make questionable home loans and the predominantly Democrat contribution (Franklin Raines, Barney Frank et al) to its continuance after being pointed out as a potential catastrophe and the graft and corruption that made both of them rich.Recessions require two successive fiscal quarters of a downward GDP to be declared a recession. The last day of the Bush/GOP fiscal budget was September 30th, 2007, the official recession started in December 2007, not even two month later. In other words, the recession was already over 4 months into the making when the last GOP budget was still in effect.
The Housing Bubble started in late 2006.
Let's be honest here, the Housing Bubble was a main factor for the recession and both parties were responsible for that, along with he Fed and banks.
To state in was one party that caused the recession is ludicrous.
I agree with you. I was just pointing out the hypocrisy of the blame game.
This notion that democrats haven't had their shot is downright laughable. They had it, and they blew it, FACT.
This notion that democrats haven't had their shot is downright laughable. They had it, and they blew it, FACT.
True, but not in the sense you mean.
Bush doesn't get all the blame in my book. In fact, he doesn't even get the main blame. Ronald Reagan does.
I wasn't making a partisan comment, just a factual one, but if you'd be so kind to explain?
I wasn't making a partisan comment, just a factual one, but if you'd be so kind to explain?
It's true that Democrats had a chance and blew it, but someone like yourself who points this out is likely thinking of the current Democratic Party as a left bookend on viable political positions. The reality is that the Dems blew it by under-reaching, by governing too far to the right. Given that they had a filibuster-proof majority in the Senate for a while and overwhelming House majorities, there's no way to reasonably blame this on Republican opposition. If the Democrats had been willing to govern as their constituents demanded, Republican opposition could have been steamrolled.
The Democrats over the last few years have revealed themselves as being in the pockets of corporate America, rather like the Republicans. It's a disease that affects our entire political structure and is not something confined to one party, therefore it cannot be remedied by electing one party over another.
Of course, that also works in the other direction, unless what you're after is a corporate aristocracy, in which case it doesn't matter.
Regarding Reagan, yes, I was serious. The problems we have now in the economy are a long-range result of the shift away from the policies of the post World War II decades that aimed at narrower income gaps and high wages. Those policies gave us the strongest economy in our nation's history. It was Reagan who turned away from them and abandoned them. His four successors have not reversed that change. The differences between Clinton's or Obama's policies and those of the Bushes are trivial compared to the changes brought in by Reagan to what went before him.
Bush can be blamed for the explosion of the deficit under his governance, since that clearly sprang from his tax cuts and his expanded federal spending on wars and the prescription drug Medicare benefit. Cut taxes while increasing spending, naturally you increase the deficit. But he can't be blamed for the collapse of the economy, because that became inevitable sooner or later as a result of the Reagan policies that began increasing concentration of wealth and eventually left the economy vulnerable to the first financial virus that came along. Bush can be blamed only to the extent that he did not correct that mistake -- but then, neither did his father, nor Clinton, nor (so far) Obama.
There is hypocrisy from both sides. However, that should not be used to whitewash the predominantly Democrat contribution (Jimmy Carter and Bill Clinton) to the forcing of banks to make questionable home loans and the predominantly Democrat contribution (Franklin Raines, Barney Frank et al) to its continuance after being pointed out as a potential catastrophe and the graft and corruption that made both of them rich.Recessions require two successive fiscal quarters of a downward GDP to be declared a recession. The last day of the Bush/GOP fiscal budget was September 30th, 2007, the official recession started in December 2007, not even two month later. In other words, the recession was already over 4 months into the making when the last GOP budget was still in effect.
The Housing Bubble started in late 2006.
Let's be honest here, the Housing Bubble was a main factor for the recession and both parties were responsible for that, along with he Fed and banks.
To state in was one party that caused the recession is ludicrous.
I agree with you. I was just pointing out the hypocrisy of the blame game.
The Democrats do not care if the economy is ruined by social giveaways...as long as they can be in control of the giveaways....and get votes in exchange
Liberalism is a mental disorder!
So democrats got their asses handed to them for being too much like the gop and then the solution was to replace them with real gop candidates?
Things were sailing along pretty nicely until they took Congress back.