did republicans deliberatly crash the economy

Discussion in 'Economy' started by Truthmatters, Jun 9, 2012.

  1. Truthmatters
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    Did Republicans deliberately crash the US economy? | Michael Cohen | Comment is free | guardian.co.uk


    Beyond McConnell's words, though, there is circumstantial evidence to make the case. Republicans have opposed a lion's share of stimulus measures that once they supported, such as a payroll tax break, which they grudgingly embraced earlier this year. Even unemployment insurance, a relatively uncontroversial tool for helping those in an economic downturn, has been consistently held up by Republicans or used as a bargaining chip for more tax cuts. Ten years ago, prominent conservatives were loudly making the case for fiscal stimulus to get the economy going; today, they treat such ideas like they're the plague.

    Traditionally, during economic recessions, Republicans have been supportive of loose monetary policy. Not this time. Rather, Republicans have upbraided Ben Bernanke, head of the Federal Reserve, for even considering policies that focus on growing the economy and creating jobs.

    And then, there is the fact that since the original stimulus bill passed in February of 2009, Republicans have made practically no effort to draft comprehensive job creation legislation. Instead, they continue to pursue austerity policies, which reams of historical data suggest harms economic recovery and does little to create jobs. In fact, since taking control of the House of Representatives in 2011, Republicans have proposed hardly a single major jobs bill that didn't revolve, in some way, around their one-stop solution for all the nation's economic problems: more tax cuts.
     
  2. CrusaderFrank
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    Republicans fought every effort to rein in Fannie and Freddie
     
  3. Katzndogz
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    obama crashed the economy. And, he did it deliberately.
     
  4. California Girl
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    No.

    Hope that helps.
     
  5. California Girl
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    No, he didn't.

    And no, he didn't.
     
  6. CrusaderFrank
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    oh, sorry, I meant Democrats fought every effort
     
  7. Rshermr
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    Really. Please tell us all how.

    And how he did it before he took office.
     
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  8. Rshermr
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    Freudian slip?

    Any proof, or just more blather?
     
  9. California Girl
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    Actually, there is plenty of proof that the GOP at least tried to rein in Fannie and Freddie... unfortunately, the Dems didn't want to... according to Franks 'there was no problem' with Fannie and Freddie... of course, he was fucking an exec at Fanny Mae at the time.
     
  10. CrusaderFrank
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    "These two entities—Fannie Mae and Freddie Mac—are not facing any kind of financial crisis," -- Barney Frank
     

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