More people blame Bush than Obama for economic mess

[Quantum Windbag]

that is nice to know, it should be even higher numbers

I was wondering who would be stupid enough to blame Bush for what Obama is doing. I wonder no longer.

 

[The T]

It is...Courtesy of your Messiah and his Statist mignions in the Congress that's added to it Ralph.

AP: Debt commission Leaders Paint Gloomy Picture

...fiscal year 2007 budget, this is the last one passed by a Republican Congress and Bush, had a deficit of $161 billion. The next year, under Democrat control -- this is the budget created before the recession began -- the deficit was $459 billion. This is after the Pelosi Congress. In 2009 it was $1.4 trillion. The last Bush budget produced a budget deficit of $161 billion, and yet they're out there trying to say that all of this is the Republicans' fault.

Source

That is the dumbest graph I have ever seen. "Project MUCH?"

I agree...........the CBO projections are always exceedingly conservative. You KNOW that red area is going to be much more sloped upward moving forward!!!
Still there are asshats all over the TV pushing for alot more stimulus!!! Awesome.............

As a matter of course these asshats will say it's dumb...while they support the very regime that will make it happen.

 

[The T]

that is nice to know, it should be even higher numbers

It is...Courtesy of your Messiah and his Statist mignions in the Congress that's added to it Ralph.

AP: Debt commission Leaders Paint Gloomy Picture

...fiscal year 2007 budget, this is the last one passed by a Republican Congress and Bush, had a deficit of $161 billion. The next year, under Democrat control -- this is the budget created before the recession began -- the deficit was $459 billion. This is after the Pelosi Congress. In 2009 it was $1.4 trillion. The last Bush budget produced a budget deficit of $161 billion, and yet they're out there trying to say that all of this is the Republicans' fault.

Source

That is the dumbest graph I have ever seen. "Project MUCH?"

And by the very CBO that projected what would happen with ObamaCare...which is presently on course to be proven true.

 

[rdean]

You delusional neocons crack me up.

Bush never included the cost of either war in any of his budgets. That's three trillion right off the bat.

CBO Data Show Tax Cuts Have Played Much Larger Role than Domestic Spending Increases in Fueling the Deficit — Center on Budget and Policy Priorities

The Administration has repeatedly defended its tax cuts as a needed stimulus during the recent economic downturn. But the downturn is behind us, and the cost of the tax cuts is scheduled to increase in the years ahead. Indeed, some of the tax cuts enacted in 2001 that benefit only high-income households have not even started to take effect yet. The repeal of the “personal exemption phase-out” for high-income taxpayers, as well as repeal of the limitation on itemized deductions for high-income taxpayers, do not start to phase in until 2006 and do not take full effect until 2010. Estate tax repeal also does not take effect until 2010.

Committee for a Responsible Federal Budget? Their budget calculator shows that the tax cuts will cost $3.28 trillion between 2011 and 2018 (remember, this was from the Bush tax cuts).

Ezra Klein - McConnell: 'No evidence whatsoever that the Bush tax cuts actually diminished revenue'

That's why Mark Zandi, an adviser to John McCain's presidential campaign, estimated (pdf) that a dollar spent extending the Bush tax cuts would generate .32 cents of taxable economic activity, while a dollar spent on unemployment benefits would generate $1.61 of taxable economic activity.

-----------------------------------------------------------

How dare you awful people keep trying to blame this economic disaster on Obama. Shame on all of you. You are awful.

 

[txlonghorn]

Being tired fo hearing Bush blamed has nothing to do with if he deserves the blame.

He will get every ounce of the blame he deserves no matter how tired your little heart gets of it.

I see....and I guess you know how much blame he deserves. I'm assuming someone died and made you the master of that domain.

Or, maybe its just more of you talking out of your ass...again.

The reality is that you are only capable of blaming the right. It's only because you hate what's right. If Barack Obama knocked on your door and came into your house and sat you down and told you that he was responsible for some of the bad shit that is happening these days, you'd STILL kiss his ass and offer him coffee and cake and try to convince him that he is NOT responsible...that Bush did it all and he didn't need to worry his precious little mind about it anymore.

 

[Mr. Shaman]

Americans Blame Bush, Not Obama, for Deficit, Jobs, Afghan War - BusinessWeek

Maybe the Dems should run against Bush again in 2010.

Not that either could do much anyways.

But everyone knows the economy tanked at 12pm on January 20th, 2009. Right?

Not ORIGINALLY.​

"Repeatedly, President-elect, and then President, Bush talked about how the economy was in trouble. Arriving in office following the longest continuous economic upturn in generations, President Bush seized on a stock market that had faltered some in the uncertainty following the 2000 Presidential election.

The "bad" economy, he talked about. Again and again. The "bad" economy."

November 26, 2001​

"The world's largest economy sank into a recession in March, ending 10 years of growth that was the longest expansion on record in the United Stateshttp://money.cnn.com/2001/11/26/economy/recession/, a group of economists that dates U.S. business cycles said Monday.

The National Bureau of Economic Research (NBER), composed of academic economists from Harvard, Stanford and other universities, joined a chorus of economists and investors who were saying that a recession had already begun. The group posted its decision on its Web site.

It ruled that the long expansion ended in March and the nation's tenth recession since the end of World War II began at the same time. The declaration means the longest expansion lasted exactly 10 years. The previous record for uninterrupted economic growth was set in the 1960s, a period of eight years and 10 months lasting from February 1961 to December 1969.

At the White House, President Bush, whose father lost the White House partly as a result of the country's last recession, said the declaration added urgency to the need to get a package of economic stimulus measures approved by Congress and passed into law.

"I knew the economy was not in good shape right after I took office," he said. "We will do everything we can to enhance recovery."

Yeah, DUMBya.....those tax-cut$ made alllllllllllllllllllllllllllllllllllllll the difference.

​

 

[code1211]

Being tired fo hearing Bush blamed has nothing to do with if he deserves the blame.

He will get every ounce of the blame he deserves no matter how tired your little heart gets of it.

I have to agree. Bush had his own party in control of the Congress and he led them into becoming free spending Liberals fiscally.

That free spending was enough to wound the economy.

The Big 0 observed this and determined that if a little free spending was enough to wound, maybe quintupling that spending would actually cripple the economy.

Turns out he was right.

 

[skookerasbil]

Americans Blame Bush, Not Obama, for Deficit, Jobs, Afghan War - BusinessWeek

Maybe the Dems should run against Bush again in 2010.

Not that either could do much anyways.

But everyone knows the economy tanked at 12pm on January 20th, 2009. Right?

Not ORIGINALLY.​

"Repeatedly, President-elect, and then President, Bush talked about how the economy was in trouble. Arriving in office following the longest continuous economic upturn in generations, President Bush seized on a stock market that had faltered some in the uncertainty following the 2000 Presidential election.

The "bad" economy, he talked about. Again and again. The "bad" economy."

November 26, 2001​

"The world's largest economy sank into a recession in March, ending 10 years of growth that was the longest expansion on record in the United Stateshttp://money.cnn.com/2001/11/26/economy/recession/, a group of economists that dates U.S. business cycles said Monday.

The National Bureau of Economic Research (NBER), composed of academic economists from Harvard, Stanford and other universities, joined a chorus of economists and investors who were saying that a recession had already begun. The group posted its decision on its Web site.

It ruled that the long expansion ended in March and the nation's tenth recession since the end of World War II began at the same time. The declaration means the longest expansion lasted exactly 10 years. The previous record for uninterrupted economic growth was set in the 1960s, a period of eight years and 10 months lasting from February 1961 to December 1969.

At the White House, President Bush, whose father lost the White House partly as a result of the country's last recession, said the declaration added urgency to the need to get a package of economic stimulus measures approved by Congress and passed into law.

"I knew the economy was not in good shape right after I took office," he said. "We will do everything we can to enhance recovery."

Yeah, DUMBya.....those tax-cut$ made alllllllllllllllllllllllllllllllllllllll the difference.

​

Nobody cares abut George Bush anymore s0n..................



except for the internet OCD k00ks!!

 

[MIPS]

Americans Blame Bush, Not Obama, for Deficit, Jobs, Afghan War - BusinessWeek

Maybe the Dems should run against Bush again in 2010.

Not that either could do much anyways.

Crazy as it sounds I'd rather have George W. Bush in the Oval Office right now than the socialist @sshole we have right now ........ something I'd never thought I'd say but Obama-Biden is worse than Bush-Cheney OMG how is that possible ?

 

[Mr. Shaman]

Americans Blame Bush, Not Obama, for Deficit, Jobs, Afghan War - BusinessWeek

Maybe the Dems should run against Bush again in 2010.

Not that either could do much anyways.

Crazy as it sounds I'd rather have George W. Bush in the Oval Office right now than the socialist @sshole we have right now ........ something I'd never thought I'd say but Obama-Biden is worse than Bush-Cheney OMG how is that possible ?

Yeah, it's crazy, alright.....but, ya' never know what (factual-info) you might pick-up in Jr. High....when you get there.


​

 

[Care4all]

To close ones eyes on how the huge deficit spending began, will teach us nothing....one HAS TO INCLUDE the near decade of deficit spending, and the decade of using up social security surplus funds to mask the deficits and the near decade of tax cuts for the wealthiest by using the poorest among us money, the social security surplus monies for them and one has to include the wars not being in the President's budget, and one has to include the FAKE good economy driven by the housing bubble, and one has to include the bubble burst and recession that began in 2007, and the banking bubble burst that happened in 2008.....

the only way to improve, is to learn from the mistakes that were made and to learn from the truth of it all...

anyone that takes a graph and picks a date, saying that dems got congress in 2007 and put all the blame on them as if they are in a vacuum is not only fooling themselves, but are downright deceitful....and are being plain stupid, imho.

 

[mudwhistle]

Being tired fo hearing Bush blamed has nothing to do with if he deserves the blame.

He will get every ounce of the blame he deserves no matter how tired your little heart gets of it.

Yeah....seven years of a growing economy and 4.5% unemployment....
that was hard to take.....we're so much better off now....

The economy was in great shape but once the Dems took control it went into the tank quickly.

All it took was a few changes in banking regulations and wala...we have a crisis.

Obama can't blame Bush for the simple fact that nobody trusts the government anymore. That's why jobs are being lost and nobody wants to invest large amounts of cash in anything.

 

[MIPS]

Yeah, it's crazy, alright.....but, ya' never know what (factual-info) you might pick-up in Jr. High....when you get there.
]​

Gee Yogi as Booboo sayeth "you're almost as smart as the average BEAR" perhaps with a bit more education and a brain transplant you'd actually be able to communicate in coherent sentences (maybe in English if you try hard enough) but until that glorious day I'll just have to take your "blaa-blaa-gooble-goob-ba-jooh-maga" to mean that you agree with me and leave it at that.

Have a nice day and by all means continue to do what you do best and ...​

 

[Care4all]

Being tired fo hearing Bush blamed has nothing to do with if he deserves the blame.

He will get every ounce of the blame he deserves no matter how tired your little heart gets of it.

Yeah....seven years of a growing economy and 4.5% unemployment....
that was hard to take.....we're so much better off now....

The economy was in great shape but once the Dems took control it went into the tank quickly.

All it took was a few changes in banking regulations and wala...we have a crisis.

Obama can't blame Bush for the simple fact that nobody trusts the government anymore. That's why jobs are being lost and nobody wants to invest large amounts of cash in anything.

bull crud mud!

 

[my2¢]

I'm totally against the government spending beyond its means, but the deficit had little to do with the economic collapse. Instead of pointing to Bush or Obama, I would look towards AIG, Chase, Countrywide, Bank of America, etc. Plus toss in the private bond raters that were placing top investment grades on junk securities held by these institutions, securities which these graders themselves saw as not being "worth a shit".

 

[mudwhistle]

Yeah....seven years of a growing economy and 4.5% unemployment....
that was hard to take.....we're so much better off now....

The economy was in great shape but once the Dems took control it went into the tank quickly.

All it took was a few changes in banking regulations and wala...we have a crisis.

Obama can't blame Bush for the simple fact that nobody trusts the government anymore. That's why jobs are being lost and nobody wants to invest large amounts of cash in anything.

bull crud mud!

Excellent comeback.

Prove I'm wrong.

Today's economic insecurity isn't because of Bush but because of fears from changes in government regulations and from all of the spending.

Nobody trusts what Obama says anymore....unless you're black. Even the Libs don't trust him much anymore.

 

[NYcarbineer]

The economy was in great shape but once the Dems took control it went into the tank quickly.

All it took was a few changes in banking regulations and wala...we have a crisis.

Obama can't blame Bush for the simple fact that nobody trusts the government anymore. That's why jobs are being lost and nobody wants to invest large amounts of cash in anything.

bull crud mud!

Excellent comeback.

Prove I'm wrong.

Today's economic insecurity isn't because of Bush but because of fears from changes in government regulations and from all of the spending.

Nobody trusts what Obama says anymore....unless you're black. Even the Libs don't trust him much anymore.

The Democrats didn't 'take control' until January 2009. By then the country had been in recession for over a year.

 

[Gremlin-USA]

I am so sick of the blame Bush shit.

Sure he is part of the reason, but this is Obamas bag o shit now.

.....by DESIGN!!!!!!!!!!!​

"The curious may want to know why the Bu$h tax cut$ are set to expire in the first place. After all, if then-President George W. Bush and Congress thought they were a good idea when they passed them in the early 2000s, why make them temporary?

The answer is that President Bush and a complicit Congress didn’t want to show the magnitude of the deficits that would result from their tax cut$. To hide those deficits as they were pushing them through they used a variety of accounting tricks. One of those tricks was attaching expiration dates so that, on paper, there wouldn’t be any long-term costs. This made the long-term deficit picture look fairly rosy on paper even as it doomed Bush’s successor and the current Congress to cleaning up the mess."

Have a Source for that trollish Graph? I didn't think so. It totally omits who was in power in the Congress.

The Graph came from LAFN.ORG - The are a rip-off internet service provider out of LA


.

 

[mudwhistle]

bull crud mud!

Excellent comeback.

Prove I'm wrong.

Today's economic insecurity isn't because of Bush but because of fears from changes in government regulations and from all of the spending.

Nobody trusts what Obama says anymore....unless you're black. Even the Libs don't trust him much anymore.

The Democrats didn't 'take control' until January 2009. By then the country had been in recession for over a year.

Man do you need a civics lesson.

Once Congress was in the hands of the Democrats Jan of 07' they started monkeying with banking regulations. While they were in the minority they pushed crazy anti-discrimination in lending policies in 04'. Then when they were put in charge of oversight of various parts of FDIC and other governmental entities after they won the majority they started tweaking regulations making it harder for anyone to get loans.....which caused a vacuum in lending. Then all of those ARMs started going variable and became a bad deal. Low-income Sub-prime borrowers started walking away from their mortgages. Not to mention they were encouraged to do so because of all of the anti-Fat Cat rhetoric the Dems started pumping out in the MSM.

Remember the phrase "Predatory Lending"???

I had a loan pending in 06' and ended up closing in 07' with almost no money down on some apartments and when the Dems took charge in 07' they changed the underwriting requirements so that I had to come up with 20% which resulted in an increase of around $52,000 in my down-payment. I almost lost the properties.

 

[NYcarbineer]

Excellent comeback.

Prove I'm wrong.

Today's economic insecurity isn't because of Bush but because of fears from changes in government regulations and from all of the spending.

Nobody trusts what Obama says anymore....unless you're black. Even the Libs don't trust him much anymore.

The Democrats didn't 'take control' until January 2009. By then the country had been in recession for over a year.

Man do you need a civics lesson.

Once Congress was in the hands of the Democrats Jan of 07' they started monkeying with banking regulations. While they were in the minority they pushed crazy anti-discrimination in lending policies. Then when they were put in charge of oversight of various parts of FDIC and other governmental entities they started tweaking regulations making it harder for anyone to get loans.....which caused a vacuum in lending. Then all of those ARMs started going variable and became a bad deal. Unqualified borrowers started walking away from their mortgages. Not to mention they were encouraged to do so because of all of the anti-Fat Cat rhetoric the Dems started pumping out in the MSM.

Remember the phrase "Predatory Lending"???

I had a loan pending in 06' and ended up closing in 07' with almost no money down on some apartments and when the Dems took charge in 07' they changed the underwriting requirements so that I had to come up with 20% which resulted in an increase of around $52,000 in my down-payment. I almost lost the properties.

You need a civics lesson in separation of powers. There is no way that Party A is 'in control' while Party B still holds the executive branch, i.e., the presidency.

I think you learn that in elementary school.