Even FOX news sees the danger

the worst economic situation in decades?

what do you think they are refering to?
 
"So I analyzed that and decided I didn't want to be the president during a depression greater than the Great Depression, or the beginning of a depression greater than the Great Depression." --George W. Bush, Washington D.C., Dec. 18,
 
January 13, 2008

"The recession-deniers were muzzled by a horrendous last two weeks of December, and the gloom-and-doomers are now out in force. Their key arguments:

* Plummeting housing will now drag down the rest of the economy.

*The "bad debt" problem is not just "sub-prime" folks who should never have have taken out mortgages in the first place. It includes credit card debt, "high quality" mortgages, car loans, and other leverage that have recently become a consumer way of life.

*Pressure on consumers is leading to a reduction in consumer spending (70% of economy), which, in turn, will lead to a reduction in spending by companies that sell stuff to consumers.

*The question now is not "will there be a recession?" but "how bad will it get?"

*The most optimistic forecasts in a NYT gloom-and-doom round-up are for three crappy quarters, regardless of what the Fed does. Less optimistic forecasts suggest that we are, well, screwed.

After blowing the last downturn, we've been worried this one since last summer (see below). We also suspect that, given the importance of housing to the economy and debt to consumer spending, the recession will be deeper and more prolonged than people think."


:eusa_whistle:
 
This faction of the republican party is just insane.

that is where we are in history.

They courted these nutters and now they are trying to kill the country
 
I gave you a quote where he said it would be worse than the GD.

facts just mean nothing to you
 
How dishonest you all are.

Bush crashed this economy and left a huge mess for Obama to pull us out of.

Now your team is holding the American people hostage to get their way.

The American people want taxes raised

"The American people want taxes raised"

LOL! That's why they just voted in a bunch of Congressmen who said they'd cut taxes and spending.

:cuckoo:
 
Nothing to worry about, GE's moving jobs from wisconsin to china, nice job, cZar butt, msnbc wont say a word, russia is sinking the "International" space station in 2020, just in time for the chi.coms to have theirs up and running, OBama knew about the guns going to the drug cartels, which killed more than the nut in norway, no one says a word about libya and the fact you are now giving money to the muslim brotherhood so they can cut your throats, butt liberals will only say Bush this Bush that, like socialism lite was so bad....rip NASA...everyones on drugs, for the life of me i can t see what ya'll whining about, debt limit? Smells like a coverup story to numb your minds some more.,,did i mention there is mercury in marijuana? Do you care? hello?
 
I gave you a quote where he said it would be worse than the GD.

facts just mean nothing to you

Do you live in Winnebago and drive an imaginary Volt?

That you, pathologically sarah?

{"Now is a time to come together Democrats and Republicans in a spirit of cooperation for the sake of the American people," it said. "The plan that has been submitted to Congress by the Bush administration is flawed, but the effort to protect the American economy must not fail."} - Barack Obama.

ROFL
 
There's a new push from the Democrats for Obama to use the 14th amendment to avoid a default. There are serious politics at play from the teabaggers and it will take a serious move to stave them off. Personally I think it's the obvious choice and a good one.

I kind of hope he does just so we can watch their heads explode!!
 
what is it you think you have proven?

did Bush annouce a economic crisis BEFORE Obama was elected or not?
 
When Pelosi said we had to pass the bill to find out what's in it I thought that was stupid

Now repubs are saying we have to not pass it to find out that old folks and the country won't be in danger and I still think it's stupid.
 

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