President Obama's Biggest Mistake: Underestimating Bush Great Recession Severity

Discussion in 'Politics' started by Lakhota, Sep 30, 2012.

  1. Lakhota
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    Lakhota Diamond Member

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    Much More: Obamanomics: A Counterhistory - The New York Times
     
  2. Erand7899
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    Erand7899 VIP Member

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    Mr. Obama and his aides didn't know a damn thing more about economics than President Obama and his aides did. They tried to duplicate FDRs policies during the Great Depression, and got the same lousy results. Who would have guessed that would happen.

    You might ask yourself why a UAW mechanic in Ohio is a more valuable citizen than a non union mechanic in Florida, or a plumber in Kansas. Why does one deserve a massive government expenditure to save his job, and the others do not? Is that in keeping with the "every American is equal under the law" tenet that is the heart of Americanism?

    Obama used Hundreds of billions of our dollars to shore up his base. His cronies got some, campaign contributors got some, and unions got some. The rest of America got shafted.

    Now, the useful idiot brigade is attempting to explain away his failures. What a bunch of dorks.
     
  3. Saigon
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    Saigon Gold Member

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    I totally agree with the OP.

    In retrospect, I think what Obama should have done on Day One was address the nation and explain that the country was virtually bankrupt.

    I'd like to have seen some austerity measures introduced, with perhaps cuts to the military being introduced very quickly.

    Much of the Stimulus was necessary, but parts of it were not, and could have been cut.
     
  4. Lovebears65
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    Lovebears65 Gold Member

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    He said he could fix it, he did not, Instead he mad it worst. Hey he tried it is time to say goodbye. Not give him 4 more years to fuck it up even more!!


     
  5. Erand7899
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    Erand7899 VIP Member

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    Apparently, the fact that the country was not virtually bankrupt, didn't enter your logic process. The financial meltdown had been averted before Obama ever took office, and the recession ended in June, before any of his stimulus ever entered the equation.

    It is rarely a good idea to cut the military when they are engaged in two fronts of the war on terrorism.

    What he should have done, was announce to the American people that the Bush tax cuts would remain until the economy was fully recovered, and that he would enforce a moratorium on regulations for the same period. Then after vetoing the Dodd/Frank bill, he could have sat back and watched the economy come bouncing back.

    But, he didn't. Like most liberals, he is close to ignorant on macro-economics, and has the unfounded idea that government can solve economic problems in a market economy.
     
  6. bigrebnc1775
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    bigrebnc1775 Diamond Member

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    code for we can no longer blame bush
    [​IMG]
     
  7. bigrebnc1775
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    bigrebnc1775 Diamond Member

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    Who controlled congress the last two years of Bush and the first two years of obama?
    Correct me if I am wrong but wasn't obama a senator while bush was president?
     
  8. francoHFW
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    francoHFW Platinum Member

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    Dems controlled congress for 6 months, 7/7/2009-2/4/2010. Otherwise the Pubs had veto or filibuster control.
     
  9. Rozman
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    Rozman Gold Member Supporting Member

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    So Obama screwed up and screwed up badly.....:eusa_hand:
     
  10. francoHFW
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    francoHFW Platinum Member

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    Not. Mindless Pub obstruction for 3 years. Assume the position.
     

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