Obama Still Blaming Bush for our Economic Problems.

Discussion in 'Economy' started by usmcstinger, Jun 16, 2012.

  1. usmcstinger
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    usmcstinger Silver Member

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    n an anticipated move, Obama blamed slow economic recovery on the lingering effects of his Republican predecessor's policies. Under President George W. Bush, Obama said, the United States experienced the slowest job growth in a half-century and slid into a crippling recession that typically takes 10 years to undo. He balanced his acknowledgement that the economy has yet to fully rebound with an assertion that it has improved since he took office in 2009.
    ECUSES ARE THE REASONS WE FAIL
    February 2009 the President said his stimulus bill was “the beginning of the first steps to set our economy on a firmer foundation, paving the way to long-term growth and prosperity.
    In April 2010, it was: “Our economy is stronger; that economic heartbeat is growing stronge
    ”In January 2011, he claimed, “The next two years, our job now, is putting our economy into overdrive.
    ”Latest Posts - Home - United States Senate Republican Policy Committee

    During his first to years with a Democratic majority he focused on Obama Care, instead of
    focusing on the economy.

    POTUS tried to implement failed policies with the expectations that he would get a different out come.

    Obama has had 3 1/2 years to reduce our national debt. He has increased rather than reduced it.

    Our borrowing interest rate has been increased and we now have the highest Corporate Tax Rate among OEDC countries.

    Lending money to supposedly Green Companies has been a complete disaster.

    Mr. President, Keynesian economics doe not work.
     
  2. Sallow
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    Sallow The Big Bad Wolf. Supporting Member

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    Recognizing the problem is why Obama has been succeeding.

    The problem is that not only are conservatives not cowed by the destruction they caused..the are actively obstructing solutions.

    Everyone else needs to be reminded why we are at this point. Because conservative propaganda lists that all our economic woes started the second Obama assumed office..and all expenditures started in 2009. Their propaganda changes the history.
     
  3. Moonglow
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    Moonglow Diamond Member

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    I'd like to see you do a better job.
     
  4. Sallow
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    Sallow The Big Bad Wolf. Supporting Member

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    Well the thing is..Obama's solutions have been working.

    A fine example would be Japan, which experienced a recession that would be deemed very mild when compared to what happened in the US.

    They tried the solution that Republicans are touting. That was like 20 years ago.

    And they still haven't climbed out of it.
     
  5. usmcstinger
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    usmcstinger Silver Member

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    The only thing Obama has done is to increase our economic problems and run up the National Debt. He is telling Europe to implement the same failed policies that he introduced. Germany has done the opposite and has a stronger economy.
     
  6. Moonglow
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    Moonglow Diamond Member

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    Is that why the Germans ;

    BERLIN (Reuters) - German business sentiment collapsed in May and the manufacturing sector shrank as turmoil in the euro zone unsettled firms, threatening to end the immunity of Europe's largest economy to the troubles surrounding it.

    By Annika Breidthardt | Reuters – Thu, May 24, 2012

    German economy succumbs to euro gloom - Yahoo! News Maktoob
     
  7. Moonglow
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    Moonglow Diamond Member

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    that was meant for stinger.
     
  8. Sallow
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    Sallow The Big Bad Wolf. Supporting Member

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    The Germans don't have a "Strong" economy ace. They have a less fucked up economy then the rest of Europe.

    Which, by the way, is in turmoil because of US financial institution's shennigans.
     
  9. idb
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    idb Gold Member

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    Please expand for the class...
     
  10. Sallow
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    Sallow The Big Bad Wolf. Supporting Member

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    Yeah..but I picked it up to riff on the Japanese..who essentially really did try austerity.
     

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