Nobody could have fixed the economy in 4 years.....

[waltky]

It took until `94 for the post-Reagan recession (which cost Daddy Bush his re-election; remember 'It's the economy, stupid?) to sort out...

... and only then due to the consumer demand of the PC revolution...

... this recession is easily twice as deep as that one...

... as Japan had their 'Lost decade' after their real estate bubble burst...

... look for this to be our lost decade...

... no matter who is in office.

 

[Peach]

President Clinton in his speech last night stated that although he inherited a bad economy from Bush Sr., the economy that Obama received from Bush Jr. was much worse, and that no president, not him, nor any of his predecessors could have fixed the economy in only 4 years.

Maybe Obama's new slogan should be "saved in 4, fixed by 8".

Reagan fixed it in under three years, cumswallower.

More like two (2).

Yep. If Obama was serious about fixing the economy, he would pursue policies more like Reagan instead of compounding Carter.

The history deprived write AGAIN. It was under Raygun we saw 21% interest rates, NOT Carter. Raygun, the delusional, spent us out of a recession, not a tough act. He also let children go hungry, and gave hundreds of billions to overseas "supporters". Brain damaged through most of his eight year NAP in office, those who like the egesta, PRyan, of course liked having a Z grade movie image as President. The D students could "understand" him.

 

[B. Kidd]

Not only did he NOT fix it, he made it SIX trillion dollars worse. No MORE YEARS.

Kool-Aid drinkers have no M-F'ing idea what 6 trillion looks like, no less what 16 trillion looks like. Here is a link to what 15 trillion looks like. We are at 16 trillion, and if Obie is elected for four more years, it will be stacked HIGHER then the 'Statue of Liberty'!

US debt visualized: Stacked in 100 dollar bills @ 15 Trillion Dollars - Equal to US GDP 2011

 

[LeftofLeft]

Reagan fixed it in under three years, cumswallower.

More like two (2).

Yep. If Obama was serious about fixing the economy, he would pursue policies more like Reagan instead of compounding Carter.

You mean, raising taxes 11 times like Reagan did?

Reagan moved the government and lawyers out of the way to let the Free Market thrive and drive down oil prices.

 

[whitehall]

How did that stimulus package work? It paid off crooked Chicago supporters and politicians. An estimated 6% of the trillion dollars went to "shovel ready jobs". Where did the rest go? With the cooperation of the liberal media, the fool even turned disaster into a stand up comedy routine and joked that "the shovel ready jobs weren't as shovel ready as we thought" nyuck nyuck and the left wing audience went into hysterics. The "cash for clunker" mess turned into a nightmare and a comedy routine at the same time. The moral of the story is that you can't turn a community agitator into something honest and patriotic. It just ain't in his nature.

 

[Eaglewings]

President Bush Sept. 28, 2008

We've seen triple-digit swings in the stock market. Major financial institutions have teetered on the edge of collapse, and some have failed. As uncertainty has grown, many banks have restricted lending, credit markets have frozen, and families and businesses have found it harder to borrow money.

The decline in the housing market set off a domino effect across our economy. When home values declined, borrowers defaulted on their mortgages, and investors holding mortgage-backed securities began to incur serious losses.

I hate to have seen what would have happened if President Obama didn't take office.

 

[B. Kidd]

Not only did he NOT fix it, he made it SIX trillion dollars worse. No MORE YEARS.

Kool-Aid drinkers have no M-F'ing idea what 6 trillion looks like, no less what 16 trillion looks like. Here is a link to what 15 trillion looks like. We are at 16 trillion, and if Obie is elected for four more years, it will be stacked HIGHER then the 'Statue of Liberty'!

US debt visualized: Stacked in 100 dollar bills @ 15 Trillion Dollars - Equal to US GDP 2011

Memo: If you have children, forget about their future.
Memo Redux: If your children have children, forget about their future.

Remember this as you listen to Obie's speech tonite........

 

[Dont Taz Me Bro]

Nobody could have fixed the economy in 4 years.....

Reagan and Harding did.

It's funny to see you guys suddenly lowering expectations as the failure of the Big O becomes more evident the closer we get to the election.

 

[tjvh]

How did that stimulus package work? It paid off crooked Chicago supporters and politicians. An estimated 6% of the trillion dollars went to "shovel ready jobs". Where did the rest go? With the cooperation of the liberal media, the fool even turned disaster into a stand up comedy routine and joked that "the shovel ready jobs weren't as shovel ready as we thought" nyuck nyuck and the left wing audience went into hysterics. The "cash for clunker" mess turned into a nightmare and a comedy routine at the same time. The moral of the story is that you can't turn a community agitator into something honest and patriotic. It just ain't in his nature.

Even Chuck Schumer knows where the rest of that money went: [ame=http://www.youtube.com/watch?v=YabnLHPYDW4&feature=player_detailpage]80% Of Green Jobs Stimulus Money Going Overseas - YouTube[/ame]

 

[toomuchtime_]

President Clinton in his speech last night stated that although he inherited a bad economy from Bush Sr., the economy that Obama received from Bush Jr. was much worse, and that no president, not him, nor any of his predecessors could have fixed the economy in only 4 years.

Maybe Obama's new slogan should be "saved in 4, fixed by 8".

More bull from Bill.

In fact, much of the economic pain the country has gone through could have been avoided if we had had a strong leader in the WH. Not too long ago, both Japan and Sweden suffered financial crises when real estate bubbles collapsed and the different results their different approaches yielded show that it was not necessary for the US to have suffered a prolonged recession and such a slow recovery.

Japan tried to revive its economy in much the same way Obama did with deficit spending on infrastructure to create temporary jobs and although it ran up enormous debts, it has never quite recovered. Sweden, on the other hand, immediately took over the troubled banks, supplied them with enough capital to keep the economy growing and never suffered the kind of recession Japan or the US has. Within a few years the Swedish government was able to sell these restructured banks to private investors and the taxpayers showed a profit.

Japan and the US under Obama's failed leadership ran up huge debts while still suffering severe recessions and painfully slow recoveries while Sweden, by taking bold action ran up no additional debt and managed to prevent a recession. Several economists, mostly on the left and notably Noble Prize winner and chief economist of the World Bank, Joseph Stiglitz, urged Obama to take action similar to Sweden's, but Obama ignored them and pursued Japan's failed approach, allowing the financial crisis to cause a recession and a recovery so slow it's no longer clear we are making any progress.

An approach like Sweden's would have been a hard sell to the American public and it would have taken a strong leader to make it happen. It is our misfortune that Obama was not such a leader, and by his own reckoning, Bill Clinton wouldn't have been, either.

 

[ClosedCaption]

Only Repubs pretend to believe it could've been fixed in 4 years but they also pretend to believe that Obama was going to heal the world sooooo...yeah

I don't pretend that it could have been fixed. I know it could have been fixed. Do you think that the economy is some mysterious bubble that will do what it's gonna do? Applied sound economic principles yield results. Ask Taiwan and Hong Kong if that's true. They are tiny islands that went from third world countries to global powerhouses in less than a generation.

Just like I said...pretending. Applied sound generalities isn't a point. You don't know how it could've been fixed ...hell you think a generation and 4 years is an apt comparison. Lol

 

[Eaglewings]

The economy crisis was noting compared to what we have been through in these last 4 years


By the time that Ronald Reagan left office in 1988 the National Debt was 2,601.3 Billion or 2.6 Trillion. In just eight years Ronald Reagan had more than doubled what all the previous presidents from Washington through Carter had accumulated in the prior 200 years.

 

[Zander]

Obama said it best. Let's hold him to his word for a change.

He will be held accountable.

[ame=http://www.youtube.com/watch?v=CRAMdUNo2Cg]Obama One Term Proposition: "I Will Be Held Accountable" - YouTube[/ame]

 

[B. Kidd]

Reminder to the Brain-Dead:

Obie added 6 trillion dollars to the National debt in just under 4 years.

 

[waltky]

Warrior wrote: Reagan fixed it in under three years

And then proceeded to undo it by driving up the deficit...

... and leave it for Bush Sr. to get stuck with...

... which is why Daddy Bush lost his hope for re-election.

Remember 'It's the Economy. Stupid?'...

... ever wonder what that was all about?

 

[asterism]

I could live with not fixed, but not with the lack of progress. Not Good Enough. That's why I want a change.

Considering the stock market has doubled, housing markets are no longer in free fall and are starting to come back, as well as the manufacturing jobs attracted back to this country, I'd have to say that while it's not as fast as it could be (but that's because the Congressional GOP keeps throwing up roadblocks), it's still improving.

Shit.............even Mittens himself has said that things are getting better.

So things are not as bad as it was in Jan 2009. BFD. Not Good Enough.

Things are worse than in January 2009. Steep declines typically foster huge recoveries. Thanks to Obama's financial policies the small business sector is still idling. Obama didn't stop the bleeding, the job losses were slowing down before any ARRA programs were implemented. Unemployment is still higher than projected without the stimulus, capital is still scarce, housing prices are lower and still trending down, and there is no encouraging sign of any decent expansion.

Fewer people are employed than January 2009, median and mean wages are lower, household net worth is lower, and disposable income is lower. That's not a recovery.

 

[toomuchtime_]

The economy crisis was noting compared to what we have been through in these last 4 years


By the time that Ronald Reagan left office in 1988 the National Debt was 2,601.3 Billion or 2.6 Trillion. In just eight years Ronald Reagan had more than doubled what all the previous presidents from Washington through Carter had accumulated in the prior 200 years.

So Reagan ran up a little over a trillion dollars in debt in eight years in order to end years of stagflation and win the Cold War and Obama has run up over five trillion dollars in three and a half years with nothing to show for it. Every year Obama runs up as much debt as Reagan did in eight years and we have nothing to show for it.

 

[JoeB131]

President Clinton in his speech last night stated that although he inherited a bad economy from Bush Sr., the economy that Obama received from Bush Jr. was much worse, and that no president, not him, nor any of his predecessors could have fixed the economy in only 4 years.

Maybe Obama's new slogan should be "saved in 4, fixed by 8".

Reagan fixed it in under three years, cumswallower.

More like two (2).

No, actually, he really didn't.

The unemployment rate in Nov 1984 was just as high as it was in Nov 1980. In fact, Reagan intentionally let unemployment get a lot higher so that inflation could be brought under control.

 

[The Gadfly]

President Clinton in his speech last night stated that although he inherited a bad economy from Bush Sr., the economy that Obama received from Bush Jr. was much worse, and that no president, not him, nor any of his predecessors could have fixed the economy in only 4 years.

Maybe Obama's new slogan should be "saved in 4, fixed by 8".

But Obama PROMISED he could; you remember, right along with "the most transparent administration in history" (REALLY?) and that whole "Hope and Change" thingy. It's all good though; we know what to do with politicians that don't keep their promises, and NO, after four years, blaming Bush doesn't cut it anymore, so election day is pink slip day for Barry!

"What time is it, America? It's time for him to go!"

 

[ClosedCaption]

Only Repubs pretend to believe it could've been fixed in 4 years

That is a classic liberal comment. The only one who said it could was Obama. The Republicans did not believe that. And the only reason they're pissed is because he made it worse.

Yeah it's a liberal argument if you ignore the cons who make it.