The debt: In Obama's own words

Discussion in 'Politics' started by TheGreatGatsby, Sep 7, 2012.

  1. TheGreatGatsby
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    TheGreatGatsby Gold Member

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    [youtube]7UEDJncZbh4[/youtube]
     
  2. Shelzin
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    Shelzin Equal Opportunity Asshole

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    Now that one actually has validity.

    I can't believe you posted the other one though. It makes you look stupid.
     
  3. TheGreatGatsby
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    TheGreatGatsby Gold Member

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    You are thourougly uninteresting and w/o charms.
     
  4. plant
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    plant VIP Member

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    I agree 100 %
     
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  5. Shelzin
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    Shelzin Equal Opportunity Asshole

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  6. Old Rocks
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    Old Rocks Diamond Member

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    Yes, 16 trillion. Most of which is the result of GOP policy. Reagan quadrupled the debt. "W" doubled it, and cut the income of the government by giving the very wealthy huge tax cuts. Tax cuts that the GOP has not allowed to be terminated.

    You guys touted the theory that these tax cuts would create jobs. After 8 years, "W"s job numbers were negative. So our President has created more jobs in 3 1/2 years than "W" and the GOP did in 8. Clinton raised taxes on the rich, balanced the budget, and created 28 million jobs in 8 years. And you people hated him for it.

    Now you want to go back to the very policies that caused the crash.
     
  7. Two Thumbs
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    Two Thumbs Platinum Member

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    jesus krist

    The libtards hear his own words
    SEE the debt grow under, even though he PROMISED to cut it in half

    And all these lying fucks have is;

    WHAAAA, IT'S STILL BOOOOSHES FAULLT!!! WHAAAAA



    Yall ever get tired of lying too yourselves?
     
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  8. healthmyths
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    healthmyths Gold Member Supporting Member

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    IDIOTS!!!

    YOU idiots WHAT do you think HAPPENED to $266 billion a year in lost TAX revenue???



    DO YOU KNOW what I mean when I say $266 billion a year starting in 2002 was not sent to the government in TAXES???

    DO YOU remember what happened to that touted DOT.COM companies??
    WENT busted costing $5 trillion in market losses!! FACT and these losses where did they go??? THEY ARE BEING written off even today @ $166 billion a year starting 2002!

    DO YOU remember what happened on 9/11/2001???? Another $2 trillion in LOSSES! Do you remember airlines didn't fly lost revenue for 3 days!
    Wall Street CLOSED for 10 days! 400,000 people out of work almost instantly! Another $66 billion a year WRITTEN off against TAX payments starting 2003!

    DO YOU remember what happened from 2003 to 2008???
    Another $1 trillion in losses against reportable taxable income.. WORST HURRICANE SEASONS!!!!! Katrina I'm sure you remember, alone $100 billion, 3,000 lives, millions of jobs all lost during those 5 years of hurricanes!!

    AGAIN these $33 billion in losses plus $66 billion in 9/11 and $166 billion in dot.com Almost $2.66 TRILLION!! written off against TAX REVENUE since 2002!

    DO YOU REMEMBER THOSE EVENTS.. ALL beyond Bush's control.. all happening and IN SPITE of them.. 4 million MORE JOBS added!
    GDP grew and WHEN Democrats took control they ignored these WARNINGS given by BUSH about the PENDING housing collapse!!!

    "Over the past six years, the President and his Administration have not only warned of the systemic consequences of failure to reform GSEs but also put forward thoughtful plans to reduce the risk that either Fannie Mae or Freddie Mac would encounter such difficulties. President Bush publicly called for GSE reform at least 17 times in 2008 alone before Congress acted. Unfortunately, these warnings went unheeded, as the President's repeated attempts to reform the supervision of these entities were thwarted by the legislative maneuvering of those who emphatically denied there were problems. Many prominent Democrats, including House Finance Chairman Barney Frank, opposed any legislation correcting the risks posed by GSEs.


    * House Financial Services Committee Chairman Barney Frank (D-MA) criticized
    the President's warning saying:
    "these two entities - Fannie Mae and Freddie Mac - are not facing any kind of financial crisis .The more people exaggerate these problems,
    the more pressure there is on these companies, the less we will see in terms of affordable housing."
    ..
    (Stephen Labaton, "New Agency Proposed To Oversee Freddie Mac And Fannie
    Mae," New York Times, 9/11/03)

    * Senate Committee on Banking, Housing and Urban Affairs Chairman Christopher Dodd also ignored the President's warnings and called on him to "immediately reconsider his ill-advised" position. (Eric Dash, "Fannie Mae's Offer To Help Ease Credit Squeeze Is Rejected, As Critics Complain Of Opportunism," New York Times, 8/11/07)
     
    Last edited: Sep 7, 2012
  9. healthmyths
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    healthmyths Gold Member Supporting Member

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    Come on IDIOTS!!!
    Explain to me WHAT happened when $8 trillion in LOSSES are written off against TAX payments!

    Explain how ANYONE (SAVE the Messiah Obama of course ...! ) could have thwarted the vaunted supposedly Surplus generating DOT.COM bust???
    Or other then the Messiah convinced the bombers not to fly planes into the buildings!
    Or other the Obama KEPT the hurricanes out of the GULF!!!

    Explain to me where are ALL the stories regarding these $8 trillion in LOSSES????
     
  10. TheGreatGatsby
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    TheGreatGatsby Gold Member

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    ^^^

    It's scary; just scary, that idiots like you think like this. The debt has ZERO to do with stuff beyond our circumstances. If we wanted to have $16 trillion in savings; we could have done it.
     

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