MaggieMae
Reality bits
- Apr 3, 2009
- 24,043
- 1,635
- 48
Yeah, sure.
Reagan enjoyed a massive turnaround on the economy and his tax cuts are credited with producing millions of jobs. Obama has produced ZERO jobs thus far- he has lost 4 million jobs and counting- and he is talking about tax increases, increased regulations, and more entitlement programs. He's going exactly the wrong way and voters will punish him and his party for it.
Of course you conveniently forget that the hemorrhaging of jobs began in 2007 and accelerated at a record pace by the end of 2008. But it's still all Obama's fault.
It's his fault now because he refuses to curb spending. The reason why the U.S. economy tanked was entirely the fault of the 2007 Congress, Greenspan, Summers and Rubin....Democrats.
PBS Frontline: The Warning -- How Greenspan, Summers & Rubin Conspired To Silence Derivatives Whistleblower Brooksley*Born - Home - The Daily Bail
Clinton was president in 2007? The PBS documentary goes way back to the 90's, my friend.
That said, the current administration IS working on tighter financial regulations, especially controlling derivatives. But it's the same powerful financial institutions that are fighting this tooth and nail, the reason why they are eager to pay back TARP loans--to get the government out of their business.