Obama's Economic Miracle

Discussion in 'Politics' started by CrusaderFrank, Apr 8, 2012.

  1. CrusaderFrank
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    CrusaderFrank Diamond Member

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    I think Obama's economic performance will give Republicans a lot to worry about in November. His handling of the economy has been almost on par with his grasp of US Constitutional Law.

    Consider, the Obama Economic Miracle:

    4 straight years of almost 92% employment

    Only downgraded once!

    Reagan, the Decade of Greed President had whole budgets that were less than Obama deficits!

    And he did it all without ever signing a single budget
     
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  2. PoliticalChic
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    PoliticalChic Diamond Member

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    1. Twice:
    Credit rating agency Egan Jones downgraded the United States Thursday on concern over the sustainability of public debt. Egan Jones is one of the most important ratings firms in the world; they lowered our credit level from AA+ to AA. The firm reduced America from AAA to AA+ in July 2011, just before Standard & Poor's did the same.

    Egan Jones warned. "Without some structural changes soon, restoring credit quality will become increasingly difficult . . . without some structural changes soon, restoring credit quality will become increasingly difficult."

    Read more: Egan Jones Downgrades US Credit Rating - US Credit Rating Downgrade - Fox Nation


    2. "By the end of the summer of Reagan's third year in office, the economy was soaring. The GDP growth rate was 5% and racing toward 7%, even 8% growth. In 1983 and '84 output was growing so fast the biggest worry was that the economy would "overheat." In the summer of 2011 we have an economy limping along at barely 1% growth and by some indications headed toward a "double-dip" recession. By the end of Reagan's first term, it was Morning in America. Today there is gloomy talk of America in its twilight."
    Stephen Moore: Obamanonics vs. Reaganomics - WSJ.com
     
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  3. Katzndogz
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    Katzndogz Diamond Member

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    92% employment!

    Well, I have no doubt that democrats will say this. Getting people to believe it is a different story.
     
  4. Full-Auto
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    jUST DONT BRING UP THEY LOWERED THE RATE BY REDUCING THOSE COUNTED, NOT THROUGH JOB CREATION.
     
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  5. Katzndogz
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    Katzndogz Diamond Member

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    When people vote, they don't base it on statistics, economic forecasts or what pundits tell them to think. They look around into their own lives. That's what they base their votes on.

    According to experts, election day had Jimmy Carter at 68% with Ronald Reagan at 31%. When Arnold Schwarzeneggar was elected governor, Cruz Bustamante led by double digits. The experts had Bush with 37% of the women's vote. He actually got 43% of the women's vote.

    The words Are YOU better off than you were four years ago, is quite profound. When each person sits down, after they went to the grocery store, put gas in the car and evaluated what was left out of their unemployment check they will have to decide whether or not they can afford to turn on the lights.

    As bad as it is now, obama has plans to make things even worse during the summer. He was persuaded not to enrage the public by closing all the public pools in the country over the summer. That will come this fall when the impact won't be as bad. But he is implenting his plan to close power plants, shutter coal mines, skyrocket energy costs and tell people this is wonderful because he's saving the environment. He might believe he's saving the environment, but when ordinary people decide who to vote for, the environment might not mean that much to him personally.
     
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  6. Rozman
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    Rozman Gold Member Supporting Member

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    I don't feel that a President running on the following 3+ years later should be voted in again.
    Has a Senate that will not propose a budget.
    Blames the prior administration every chance he gets some 3 + years later.
    Doesn't take responsibility or accepts accountability for our current situation.
    Takes credit for jobs saved.
    Uses the "Well it could have been worse without me card".
    Has not united the country or Congress to work toward getting this country out of it's economic funk.

    This man should not be sent back to the WH.
     
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  7. starcraftzzz
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    starcraftzzz Senior Member

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    Given that Reagan inherited a budget deficit around 1% of GDP, an economy growing at around 2%, and Obama inherited a budget deficit over 10% of GDP and an economy shrinking at around 6% anyone who concludes that Reagan performed better then Obama is either being dishonest or is a brainwashed tool.
    Only 10% of the current deficit is due to Obama polices, while the vast majority of Reagan's deficit was due to Reagan policies.
    Also if government spending under Obama had increased at the same rate under Reagan then the unemployment rate would actually be lower now then it was at the same time under Reagan.
     
  8. CrusaderFrank
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    CrusaderFrank Diamond Member

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    :lol:

    Reagan?

    You're reading off an old script, Fluffer, it's Booooooosh!
     
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  9. starcraftzzz
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    starcraftzzz Senior Member

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    It takes several years for a presidents polices to become enacted, meaning according to you we should blame Obama for things he didn't do. Nice to know you're a partisan hack.
    Again you're blaming Obama for something other people do.
    Given that the housing bubble and financial crises occurred before Obama took office not blaming those thins on past administrations would be being dishonest.
    I see so according to you Obama doesn't deserve credit for jobs saved/created due to his policies
    Given that the stimulus created 4 million jobs, the Auto bailout created 1.5million, the small business tax credits created 1.5 million jobs, new environmental regulations that reduce pollution have/will created 2million jobs, and energy efficient programs such as BBI and CFC have created .5million jobs anyone with a brain would conclude that the economy would of done worse
    I see so Obama proposing health care reform that republicans advocated means he did not try to work with republicans.
    You're whole post was pure stupidity, not surprising though
     
  10. regent
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    regent Gold Member

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    Reagan was the beginning of our problem. To triple the debt simply to give tax breaks to the wealthy was criminal. We might have recovered from Reagan but then comes along G. W. Bush and America has its hands full trying to prevent an economic nightmare. We seem to have stabliized now and with some right decisions might get back on the road to prosperity. But the manufacturing world has changed, perhaps forever. China, and soon India, with their cheap labor and perhaps even more modern machinery might soom eclipse America in that area, as we eclipsed England. America has to come up with some new approaches, and those days of America even agreeing on new ideas may be lost in the political arena. The new approach seems to get the money and stash it someplace safe.
     

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