If/when the next economic crisis hits, how would republicans respond?

[Sun Devil 92]

Actually the GOP will do that regardless because we've seen what the opposite produces: the worst recovery on record post WW2, stagnation, declining household wealth.
The best thing the GOP can do is nothing and let the recession work its way out. The more gov't interferes trying to "fix" recessions, the worse the recovery afterwards. Coolidge showed us how to deal with this in the 1921 Depression that wasnt and Obama has shown how not to deal with it in the Bush Recession/Obama Depression of 2008 and following.

Oh really? So if we get into a job free fall like what happened at the end of 2008 we should just let the dominoes fall huh? Yeah great plan.

I would agree....it is a great plan.

Let's consider something I watched happen during the so-called "great recession".

Obamabats rolled in and took over banks. The regulators were people who had no idea of what it is that they were doing. They called notes and forced business into bankruptcy. Later on, banks whose books were much worse that those intially foreclosed on....were allowed to remain open to cut down the appearance of total bedlam.

A lot of real estate went under. It would have been a good deal if we could have gotten our hands on it. But much of it was bundled up and sold in 20 and 30 million dollar lots....for pennies on the dollar. Who got to play that game.....those who already had money. Essentially making the rich richer.

I know a gent in CO whose business and grown to a net worth of over 105 million. He owed 80 million through various loans. His bank went under and his notes were called....so he went under. He could have continued had he been allowed....is business was hurting...but he was able to make it.His business was sold to a hedge fund who eventually sold it back to him for about 35 million. It is now worth more than the 105 million it was worth in 2007. His loans are now 45 million less...complements of Uncle Sam. Who ultimately paid for that ?

So....your plans don't look so good Billy.

Letting it fail on it's own is a great idea.

A couple of months after Obama's stimulus was signed into law the jobs free fall was reversed and we have had private job growth ever since. That is the fact that matters.

One extra job is "job growth". Everyone knows that we went through several years of sluggish job creation and that it still isn't up to snuff.

Whine all you want.

1. Nobody knows what would have happened had things been allowed to just happen absent the government.
2. Nobody knows where our economy would be had Obama stayed out of it.
3. The stimulus was a myth.

Lol just because you cons hate giving Obama credit for ANYTHING positive doesn't mean you are actually right. Any independent economists will tell you that the stimulus reversed the job free fall. There was no indication that the recession was stopping or slowing down right before the stimulus was passed. The CBO has no democrat bias. Its data points to what the stimulus accomplished. Try doing some actual research instead of listening to what Fox News or republicans tell you.

First, I am not a conservative (more liberal than conservative).

Second, I don't watch Fox News. You must since you seem to know what they would tell me if I did.

Third, I give Obama credit for plenty of things. But pointing out that you can't link the two is simply saying that you don't get to utilize casual correlation for causation. Nobody will ever really know what caused what since everybody was focused on screwing each other over.

So why don't you shove it sideways. You are partisan hack who does nothing but post drivel in order to incite.

You've been exposed numerous times.

 

[Sun Devil 92]

Right....

But we now have people receiving subsidies....for Obamacare.....a government program....

Try to keep up.

Helping people get healthcare is a good thing

Thanks for admitting my point...that we use a down economy to put more people on government programs.

Government programs that help people get healthcare is a good thing regardless of the economy

Ah, but now you are changing the subject.

You whine about republicans (which I am not), but admit that democrats use a down economy to meet their goals.

Government programs that help people get healthcare are good things....it's just unfortunate that Obamacare isn't that.

Beyond that....what is the difference between republicans cutting taxes (is that a bad thing) and you putting people on government programs ?

Obamacare was not passed because it was a down economy. It was passed because for the first time in 30 years, the Democrats had the votes

They got that majority for a number of reasons. The down economy helped the cause immensely.

 

[Sun Devil 92]

Or we can use the down economy to justify putting more people on government programs....like Obamacare.

How many federal workers have been added by Obamacare?

None

Right....

But we now have people receiving subsidies....for Obamacare.....a government program....

Try to keep up.

Helping people get healthcare is a good thing

True/ Of course that has nothing to do with Obamacare. Obamacare is about government taking over the economy and creating more dependence. Thats not so good,

Republican solution......Let em die

Democratic approach....keep repeating the same crapp until those who are repeating it believe it. Nobody else does.

 

[The Rabbi]

Or we can use the down economy to justify putting more people on government programs....like Obamacare.

How many federal workers have been added by Obamacare?

None

Right....

But we now have people receiving subsidies....for Obamacare.....a government program....

Try to keep up.

Helping people get healthcare is a good thing

True/ Of course that has nothing to do with Obamacare. Obamacare is about government taking over the economy and creating more dependence. Thats not so good,

Republican solution......Let em die

Republican solution: Do what's best for the country, not what's best for the party.
Democrat solution: Give out free shit to get more votes.

 

[The Rabbi]

Another recyclued failed thread from BIlly Triple Fail. Hey, Billy. This thread failed when you posted it what, 4 months ago?
For the record, the Democrats' approach has produced the worst recovery post war on record. So if we do the opposite we'll be fine.

The leadership in your party swore to sabotage Obama's presidency from day one in 2009. This might have something to with Obama not being able to pull us out of the bush/cheney crash as quickly as you had expected. I put a link below about it for you, although it will require you to stop posting for a bit to actually read it.

Robert Draper Book GOP s Anti-Obama Campaign Started Night Of Inauguration

Remind me how the Democrats worked so hard to give Bush his rightful two terms.
Yeah, you're a 'tard.

 

[Kosh]

The Great Bush Recession saw the loss of 8 million jobs in less than 9 months. Let's explore a hypothetical: pretend republicans take control over the White House and legislative branch after the start of another colossal economic crisis (never mind which party is to blame for causing it).

How would republicans address it? Because we already have a precedent for it, let's pretend in this new economic crisis causes the loss of 8 million private jobs in under a year.

We already know what they WON'T do:

1) Extend unemployment benefits to the millions who lost their jobs to the crisis

2) Expand income tax credits for the poor to provide relief

3) Increase food stamp spending to the millions of children who already depend on the program (83% of funding for food stamps goes to households with one dependent living in the household).

4) Increase the federal minimum wage by a few dollars (18 million people make less than 10.10 per hour).

We do know what republicans would do:

1) Lower taxes on the wealthy. Of course, this measure has proven over and over to be useless in creating jobs for the lower classes because it is just easier for these "job creators" to keep most of the money they save rather than invest. There is a reason we have billionaires. Bush's tax cuts did jack shit of course. Job growth under Bush was pathetic and the Great Recession happened anyway in the last 4 months he was in office.

2) Deregulate the market. Regulations do very little to harm job growth. The BLS statistics prove that.

3) Uh, what else is there? Yeah, nothing. That's all republicans in power would do to fix the problem.

After the crisis of 2008, Obama extended unemployment benefits to the millions who abruptly lost their jobs and provided a solid tax cut to the middle class. This resulted in a boost to consumer spending that created jobs. 3 million private jobs alone were created from both of these measures (according to the CBO).

CBO Stimulus added up to 3.3M jobs - Josh Boak - POLITICO.com

Do republicans have better options on the table than that? No.

More far left propaganda not based in reality..

Just like how Obamacare (when fully implemented) will still have 30 million people without insurance, by the CBO..

Leave it to the far left drones to preach their religious narrative vs reality..

 

[Mac1958]

BUSH DROVE THE BUS OFF THE CLIFF.... No Economist in the world won't say Obama inherited a basket case.

RWers here still believe in trickle down despite evidence shows it to be manure.

Please post links to economists who say Obama inherited a basket case. Ones who worked for the administration dont count.

Billy's words were (characteristically) ill chosen, but the fact does remain that Obama inherited an economy that had just suffered the most complex and catastrophic shock to its system since the Great Depression, and most likely more so. Bush and his team knew this, which is why he/they approved such extraordinary measures by Paulson & Co.

.

 

[rightwinger]

How many federal workers have been added by Obamacare?

None

Right....

But we now have people receiving subsidies....for Obamacare.....a government program....

Try to keep up.

Helping people get healthcare is a good thing

True/ Of course that has nothing to do with Obamacare. Obamacare is about government taking over the economy and creating more dependence. Thats not so good,

Republican solution......Let em die

Nope, thats O solution.

Six years and we still haven't seen that Republican Healthcare Plan. Repeal Obamacare and leave people with nothing is all we have seen..........let em die

 

[rightwinger]

How many federal workers have been added by Obamacare?

None

Right....

But we now have people receiving subsidies....for Obamacare.....a government program....

Try to keep up.

Helping people get healthcare is a good thing

True/ Of course that has nothing to do with Obamacare. Obamacare is about government taking over the economy and creating more dependence. Thats not so good,

Republican solution......Let em die

Republican solution: Do what's best for the country, not what's best for the party.
Democrat solution: Give out free shit to get more votes.

Very true and Republicans believe Darwinism is what is best for the country. Let the strongest survive....the rest? that is their own problem for being poor

 

[bedowin62]

the Left's response has been to make the very richest mucyh richer, and the very poorest much poorer

so anything the Republcans do is an improvement

libs are losers who lie to themselves

 

[Mac1958]

First, I am not a conservative (more liberal than conservative).

Second, I don't watch Fox News. You must since you seem to know what they would tell me if I did.

Third, I give Obama credit for plenty of things. But pointing out that you can't link the two is simply saying that you don't get to utilize casual correlation for causation. Nobody will ever really know what caused what since everybody was focused on screwing each other over.

So why don't you shove it sideways. You are partisan hack who does nothing but post drivel in order to incite.

You've been exposed numerous times.

It can be very difficult "communicating" with hardcore partisan ideologues. Their thought processes are typically binary, so if they see you disagree with them on something they automatically assume you're a hardcore partisan ideologue from "the the other side" and start wildly attacking.

It does take patience!

.

 

[Wyatt earp]

Billy if McCain won we would recovered way faster and been out of the recession years earlier, business would have invest instead of worrying about obama care or the threat of a minimum wage hike, new EPA regulations... All obama did was cripple and slow down the recovery

 

[rdean]

The Great Bush Recession saw the loss of 8 million jobs in less than 9 months. Let's explore a hypothetical: pretend republicans take control over the White House and legislative branch after the start of another colossal economic crisis (never mind which party is to blame for causing it).

How would republicans address it? Because we already have a precedent for it, let's pretend in this new economic crisis causes the loss of 8 million private jobs in under a year.

We already know what they WON'T do:

1) Extend unemployment benefits to the millions who lost their jobs to the crisis

2) Expand income tax credits for the poor to provide relief

3) Increase food stamp spending to the millions of children who already depend on the program (83% of funding for food stamps goes to households with one dependent living in the household).

4) Increase the federal minimum wage by a few dollars (18 million people make less than 10.10 per hour).

We do know what republicans would do:

1) Lower taxes on the wealthy. Of course, this measure has proven over and over to be useless in creating jobs for the lower classes because it is just easier for these "job creators" to keep most of the money they save rather than invest. There is a reason we have billionaires. Bush's tax cuts did jack shit of course. Job growth under Bush was pathetic and the Great Recession happened anyway in the last 4 months he was in office.

2) Deregulate the market. Regulations do very little to harm job growth. The BLS statistics prove that.

3) Uh, what else is there? Yeah, nothing. That's all republicans in power would do to fix the problem.

After the crisis of 2008, Obama extended unemployment benefits to the millions who abruptly lost their jobs and provided a solid tax cut to the middle class. This resulted in a boost to consumer spending that created jobs. 3 million private jobs alone were created from both of these measures (according to the CBO).

CBO Stimulus added up to 3.3M jobs - Josh Boak - POLITICO.com

Do republicans have better options on the table than that? No.

Their policy of "let him die" extends to the economy.

 

[Wildman]

it's sad when the OP can be dismissed just by the false narrative in the title

what is really sad is that an Earthworm has more common sense than the OP !

 

[bedowin62]

The Great Bush Recession saw the loss of 8 million jobs in less than 9 months. Let's explore a hypothetical: pretend republicans take control over the White House and legislative branch after the start of another colossal economic crisis (never mind which party is to blame for causing it).

How would republicans address it? Because we already have a precedent for it, let's pretend in this new economic crisis causes the loss of 8 million private jobs in under a year.

We already know what they WON'T do:

1) Extend unemployment benefits to the millions who lost their jobs to the crisis

2) Expand income tax credits for the poor to provide relief

3) Increase food stamp spending to the millions of children who already depend on the program (83% of funding for food stamps goes to households with one dependent living in the household).

4) Increase the federal minimum wage by a few dollars (18 million people make less than 10.10 per hour).

We do know what republicans would do:

1) Lower taxes on the wealthy. Of course, this measure has proven over and over to be useless in creating jobs for the lower classes because it is just easier for these "job creators" to keep most of the money they save rather than invest. There is a reason we have billionaires. Bush's tax cuts did jack shit of course. Job growth under Bush was pathetic and the Great Recession happened anyway in the last 4 months he was in office.

2) Deregulate the market. Regulations do very little to harm job growth. The BLS statistics prove that.

3) Uh, what else is there? Yeah, nothing. That's all republicans in power would do to fix the problem.

After the crisis of 2008, Obama extended unemployment benefits to the millions who abruptly lost their jobs and provided a solid tax cut to the middle class. This resulted in a boost to consumer spending that created jobs. 3 million private jobs alone were created from both of these measures (according to the CBO).

CBO Stimulus added up to 3.3M jobs - Josh Boak - POLITICO.com

Do republicans have better options on the table than that? No.

Their policy of "let him die" extends to the economy.

libs let SIX THOUSAND BLACK PEOPLE DIE VIOLENTLY

and only demonstrate when a dozen or so are killed by cops

 

[Wildman]

Thankfully, that recession is over and have had job growth ever since!

do you realize you just fucked over your first post ?

 

[Wildman]

how about it moron?

a true moron would appear very intelligent along side him !! ...

 

[LordBrownTrout]

Right....

But we now have people receiving subsidies....for Obamacare.....a government program....

Try to keep up.

Helping people get healthcare is a good thing

True/ Of course that has nothing to do with Obamacare. Obamacare is about government taking over the economy and creating more dependence. Thats not so good,

Republican solution......Let em die

Nope, thats O solution.

Six years and we still haven't seen that Republican Healthcare Plan. Repeal Obamacare and leave people with nothing is all we have seen..........let em die

Actually, more people don't have healthcare now. Yep, Os killing them.

 

[Daryl Hunt]

In 2001, Bush and his people noticed that we were on a cliff. The busted their asses to present a recovery plan BEFORE the crash that would have completely prevented the crash. He presented it to congress and both the dems and reps laughed him right out of the building. The plan was to use 733 billion in loans to prevent the crash. The crash happened in 2005, not 2008. But it didn't affect the top 1%ers until 2008. Only then was it time for action.

Once again, you and all of you are trying to place the blame on a President. The real problem is the purchased Congress Critters.

 

[bedowin62]

In 2001, Bush and his people noticed that we were on a cliff. The busted their asses to present a recovery plan BEFORE the crash that would have completely prevented the crash. He presented it to congress and both the dems and reps laughed him right out of the building. The plan was to use 733 billion in loans to prevent the crash. The crash happened in 2005, not 2008. But it didn't affect the top 1%ers until 2008. Only then was it time for action.

Once again, you and all of you are trying to place the blame on a President. The real problem is the purchased Congress Critters.

what happened in 2005???


WTF??