Gremlin-USA
<<< Me in 1970
Everyone wants to blame Bush, while he was no angel, let's go back to what started this mess, mainly the housing market with no doc loans, sub prime loans, loans to people who could not afford them, we need to look to Clinton and his everyone deserves a house program, Barney Frank, Freddie and Fanny.
While the deficient did rise higher with Bush than Clinton, we also had low un-employment and there was a good economy.
In October 2008 the Stock Market was over 11,000 when it was apparent that BO might win, the market started it downward trend, it kept sliding to 6,547 in march of 2009 when the first of many of the asinine BO ideals were being talked about and put into place, it has been slowly climbing to 10,000, still short of the average of over 11,000 during the Bush years, it was 14,093 in Oct 2007 as a high.
The Stock market has recovered some, not because of BO, but because people can only go so long without spending, thus the markets and durable goods will help when people MUST buy things.
Bo has spent 4 times as much Money in 18 months as Bush did in 4 years and what do we have to show for it 10% un-employment, a Nation debt that is rated in the 1 1/2 Trillions for two years now and estimated to grow at 1.5 Trillion per year for several more years, many economist are now saying un-employment will not get below 8.5% for two more years.
No one person could have caused this and dam sure BO will not fix it, just my two bits......
.
While the deficient did rise higher with Bush than Clinton, we also had low un-employment and there was a good economy.
In October 2008 the Stock Market was over 11,000 when it was apparent that BO might win, the market started it downward trend, it kept sliding to 6,547 in march of 2009 when the first of many of the asinine BO ideals were being talked about and put into place, it has been slowly climbing to 10,000, still short of the average of over 11,000 during the Bush years, it was 14,093 in Oct 2007 as a high.
The Stock market has recovered some, not because of BO, but because people can only go so long without spending, thus the markets and durable goods will help when people MUST buy things.
Bo has spent 4 times as much Money in 18 months as Bush did in 4 years and what do we have to show for it 10% un-employment, a Nation debt that is rated in the 1 1/2 Trillions for two years now and estimated to grow at 1.5 Trillion per year for several more years, many economist are now saying un-employment will not get below 8.5% for two more years.
No one person could have caused this and dam sure BO will not fix it, just my two bits......
.