CNN Truth Squad: Did Obama destroy the economy?

[Truthmatters]

What Ive said for years?

then post up pussy. All of my remarks are here.

Face it you were caught lying again. A daily habit with you.

http://www.usmessageboard.com/congress/177703-selling-short-on-wall-street.html#post3925339


My appologies , You did not rail against tarp.

you did seem to dislike it though and claimed it was an Obama thing at one point.


Do you think tarp was good or bad?

You have stated it worked so Im assuming you thought it was a good thing.

You are still confused. You are now trying to back down from one lie by telling another.

I for good reason thought you were one of the many tea party people railing against Tarp.

You didnt rail. You did seem to blame Obama for it which makes one think you found it lacking because you seem to hate Obama.

I appoligised for not remembering your every stance by heart. Now if after serching your posts I came back and stood to the claim then that would be lying.

I didnt do that did I.

You have still to make clear wether you were pro tarp or con tarp.

Which is it?

Or are you trying to avoid coming down on one side or the other for some reason?

 

[Oldstyle]

The verdict:

False. The Obama administration's much-criticized efforts to revive the economy may not have lived up to their billing, but statistics show the bulk of the damage was done before he was sworn in.

Say it with me now...."Boooooooooooooooooooooooooooosh"

CNN Truth Squad: Did Obama destroy the economy? - CNN.com

The bulk of the damage was done before he was sworn in? Hey, no shit, Sherlock!!! What Barack Obama is being rightly criticized for is his total lack of a plan to aid the recovery...not for causing it. This is just one more example of a liberally biased main stream media outlet bending over backwards to do everything they can to shift blame from a President who's clueless to the guy who USED to have the job. Let's face facts here, Kiddies. It's coming up on THREE YEARS and things are getting worse not better. This President just came up with a "jobs plan" that's a do over of what didn't work two years ago. It's quite obvious that he doesn't have any fresh ideas to help the economy. His "green jobs" initiative has been a boondoggle. His appointment of progressive ideologues to high Cabinet posts and "Czarships" has the business community scared to invest. His support of Public Sector unions while ignoring the fate of those in the Private Sector has led to increased spending and decreased revenues. I'm sorry to point out the obvious but President Barack Obama was a MISTAKE of epic proportions.

 

[kaz]

You did seem to blame Obama for it which makes one think you found it lacking because you seem to hate Obama

So just to be clear, when you blame Republicans for things that means you "hate" them?

 

[Full-Auto]

http://www.usmessageboard.com/congress/177703-selling-short-on-wall-street.html#post3925339


My appologies , You did not rail against tarp.

you did seem to dislike it though and claimed it was an Obama thing at one point.


Do you think tarp was good or bad?

You have stated it worked so Im assuming you thought it was a good thing.

You are still confused. You are now trying to back down from one lie by telling another.

I for good reason thought you were one of the many tea party people railing against Tarp.

You didnt rail. You did seem to blame Obama for it which makes one think you found it lacking because you seem to hate Obama.

I appoligised for not remembering your every stance by heart. Now if after serching your posts I came back and stood to the claim then that would be lying.

I didnt do that did I.

You have still to make clear wether you were pro tarp or con tarp.

Which is it?

Or are you trying to avoid coming down on one side or the other for some reason?

The only fault Obama can be given over TARP was manipulating law to favor unions and not the bond holders that were protected by law.

This admin ignores law as a matter of principle.

 

[daveman]

exactly. perfectly stated.

i think i'd lay the larger part of the blame on deregulation of banks and the last administration's refusal to fund oversight and discouragement of real enforcement.

that said, there were a lot of factors which led to the current situation. it is silly to choose any one and say it is THE cause.

what we do know is anyone who says this administration CAUSED our financial problems is a liar.

did the admin fix iit quickly enough? not to most of our liking. the why's of that can be debated. i have my own feelings about it. no doubt others will disagree.

What we should of learned, IMO, is that lassiez faire capitalism isn't the answer. The New Right has made an absurd argument that too much regulation is the cause of our economic woes and each candidate for the GOP nomination says as much.

We must learn from history, and the panics of the past. Sadly, those who lean right spend a good deal of their time revising history to advance an ideology which has proven to create booms and busts.

History also shows that central planning doesn't work.

 

[code1211]

Yep that and globalization were the 2 main factors. And both partys played a part in it.

Sub-prime mortgages caused the "destruction of the economy." Democrats have been destroying the economy for almost 100 years.

So you seem to think the republicans want a monarchy too?

which party do you think can deliver a Monarchy like you want to see here?

Both parties strive mightily to centralize power into Washington. The Democrats do it as a matter of policy while the Republicans do it in spite of their stated goals.

Doesn't make much difference, really...

If a guy shoots your through the head, when your head explodes, it doesn't make much difference if the guy was only cleaning his gun or if he aimed before he pulled the trigger.

With either party, our wealth, rights and freedoms are being sucked down a black hole in DC.

 

[Truthmatters]

You are still confused. You are now trying to back down from one lie by telling another.

I for good reason thought you were one of the many tea party people railing against Tarp.

You didnt rail. You did seem to blame Obama for it which makes one think you found it lacking because you seem to hate Obama.

I appoligised for not remembering your every stance by heart. Now if after serching your posts I came back and stood to the claim then that would be lying.

I didnt do that did I.

You have still to make clear wether you were pro tarp or con tarp.

Which is it?

Or are you trying to avoid coming down on one side or the other for some reason?

The only fault Obama can be given over TARP was manipulating law to favor unions and not the bond holders that were protected by law.

This admin ignores law as a matter of principle.

can you flesh this out with some proof and facts?

 

[California Girl]

The only truth on this is easily seen...as visible as the monitor in front of you:
Every one of those questions are Democrat talking points - all of them.

So....you are disputing the facts presented?

No.
I am pointing out that it is interesting that every question here - all of them - are favorable to Democrat opinion.

Let's imagine that Fox has a "truth" page...and equally as this page, all of them were factual. However every single one of them were favorable to Republican opinion.
Somehow...I don't think you would have posted a thread about it.

Point - you can have every single fact lined up all in order...but still be completely wrong as long as you only present one-sided "facts".

It's a partisan habit that both sides suffer from. They are very quick to scream about what the other side did... but steadfast in their blindness towards those from their own side. As I said, I outlined it long ago.... all of it, sub-primes and the banking industry, corruption in Wall St, stupid decisions by both Dems and GOP.... and the Unions, and 'community groups' like ACORN.... and all the while, there were academics and economists talking about a perfect storm of issues that would collapse the world's economy.... and everyone ignored them.

And they still ignore anyone who dares to use critical thinking instead of hysteria and emotion.

 

[Seawytch]

Duh...blaming Obama for the economy is like blaming your hangover on the guy cleaning up your puke and making you breakfast.

That's not an accurate anaolgy.

Blaming Obama for the economy is like blaming the guy you hired you clean up your puke and make your breakfast for not having cleaned up your puke and made your breakfast at any time during the three years that you've been payig him to clean up your puke and make you breakfast.

Are you getting tired, at all tired, of stepping over your puke and not getting breakfast yet?

By now, allot of guys would have forgotten the hangover, the party, the bartender and the drinks and might be focusing on the puke that's still in the middle of the floor and the breakfast that still has not been made.

Some might even be asking, "If I hired this joker to clean up my puke and make me breakfast and it's been three years and the puke's not cleaned up and he never makes me breakfast, I wonder what the hell he's been doing..."

Sorry, your analogy is flawed.

Every time President Obama bent over to clean up the puke, the GnOP pushed him over into it...or ran around making more puke piles each time he got one of them cleaned up.

 

[Wry Catcher]

Deregulation of banks allowed for the destruction of the economy.

The banks are still pretty well regulated. The easing of the rules and the demands from government that lenders lend to to everyone who cannot afford to pay back the money is what led to the destruction of the economy.

Every bank operations center in the country has multiple people who do nothing else than assure that they are in compliance with the regulations under which they must operate.

if the Glass Steagall Act hadn't been repealed, this mess wouldn't have happened. The repeal was a necessary but not sufficient condition for the meltdown.

I don't get the necessary but not sufficient comment. Please explain.

The Gramm-Leach-Bliley Act allowed Commercail Banks, investment banks, security firms and insurance companies to consolodate, i.e. to become "to big to fail" and repealed Glass-Steagall's conflicts of interest provisions.

Seems to me the G-L-B Act, along with greed and a complete disregard for our country's economic health is one cause of our economic problems. Failure to reguate and enforce existing laws, cutting taxes and engaging in war, are a couple of others. There is no single cause, no single party or person to blame.

 

[Full-Auto]

I for good reason thought you were one of the many tea party people railing against Tarp.

You didnt rail. You did seem to blame Obama for it which makes one think you found it lacking because you seem to hate Obama.

I appoligised for not remembering your every stance by heart. Now if after serching your posts I came back and stood to the claim then that would be lying.

I didnt do that did I.

You have still to make clear wether you were pro tarp or con tarp.

Which is it?

Or are you trying to avoid coming down on one side or the other for some reason?

The only fault Obama can be given over TARP was manipulating law to favor unions and not the bond holders that were protected by law.

This admin ignores law as a matter of principle.

can you flesh this out with some proof and facts?

Try google, you will even find where Obama threatened to tell america who the bond holders were if they disagreed.

 

[Truthmatters]

Sub-prime mortgages caused the "destruction of the economy." Democrats have been destroying the economy for almost 100 years.

So you seem to think the republicans want a monarchy too?

which party do you think can deliver a Monarchy like you want to see here?

Both parties strive mightily to centralize power into Washington. The Democrats do it as a matter of policy while the Republicans do it in spite of their stated goals.

Doesn't make much difference, really...

If a guy shoots your through the head, when your head explodes, it doesn't make much difference if the guy was only cleaning his gun or if he aimed before he pulled the trigger.

With either party, our wealth, rights and freedoms are being sucked down a black hole in DC.

But you want it sucked into the black hole of ONE families pocket.

Why do you defend republicans over democrats?

 

[Truthmatters]

The only fault Obama can be given over TARP was manipulating law to favor unions and not the bond holders that were protected by law.

This admin ignores law as a matter of principle.

can you flesh this out with some proof and facts?

Try google, you will even find where Obama threatened to tell america who the bond holders were if they disagreed.

I cant google your insite which you claim on the subject.

You made a claim, can you flesh it out or not?

 

[C_Clayton_Jones]

The verdict:

False. The Obama administration's much-criticized efforts to revive the economy may not have lived up to their billing, but statistics show the bulk of the damage was done before he was sworn in.

This goes without saying.

In fact to even ask the question is idiocy.

Any honest, intelligent person will acknowledge the fact that Obama inherited an already destroyed economy and it’s foolish to believe such massive destruction – perhaps decades in the making – could be rectified in under three years.

One should hope this nonsense is behind us, and we can come together to work in good faith to address the Nation’s issues.

 

[Full-Auto]

can you flesh this out with some proof and facts?

Try google, you will even find where Obama threatened to tell america who the bond holders were if they disagreed.

I cant google your insite which you claim on the subject.

You made a claim, can you flesh it out or not?

I knew you would be a useless pussy

Obama threatens to expose bod holders - Bing

 

[Oldstyle]

exactly. perfectly stated.

i think i'd lay the larger part of the blame on deregulation of banks and the last administration's refusal to fund oversight and discouragement of real enforcement.

that said, there were a lot of factors which led to the current situation. it is silly to choose any one and say it is THE cause.

what we do know is anyone who says this administration CAUSED our financial problems is a liar.

did the admin fix iit quickly enough? not to most of our liking. the why's of that can be debated. i have my own feelings about it. no doubt others will disagree.

What we should of learned, IMO, is that lassiez faire capitalism isn't the answer. The New Right has made an absurd argument that too much regulation is the cause of our economic woes and each candidate for the GOP nomination says as much.

We must learn from history, and the panics of the past. Sadly, those who lean right spend a good deal of their time revising history to advance an ideology which has proven to create booms and busts.

When was it that we were operating under "lassiez faire" capitalism? Capitalism in the US has been increasingly burdened with regulations to the point where it's become almost impossible to open a business let alone run one at a profit. As for your theory that unfettered capitalism caused our latest booms and busts? If you take an close look at things like the housing boom and bust you'll realize the underlying source of the boom and the bust were CAUSED by government interference in capitalism.

 

[Remodeling Maidiac]

Obama didn't cause the crisis, but he sure as hell hasn't done anything but make it worse.

 

[code1211]

Deregulation of banks allowed for the destruction of the economy.

The banks are still pretty well regulated. The easing of the rules and the demands from government that lenders lend to to everyone who cannot afford to pay back the money is what led to the destruction of the economy.

Every bank operations center in the country has multiple people who do nothing else than assure that they are in compliance with the regulations under which they must operate.

if the Glass Steagall Act hadn't been repealed, this mess wouldn't have happened. The repeal was a necessary but not sufficient condition for the meltdown.

I happen to have paid off my mortgage, but i did refince once in the process to take advantage of decreased interest rates.

The deal was done in a strip mall store front. the new martgage was then bundled and sold in a pckage. The actual lender had no skin in the game and only wanted to write the loan, originate it.

Not illegal, but certainly short circuits the responsibiliy portion of the lending process. If the guy who lends the money is not the guy the guy who must get it back from me, why should he care if I can pay it back? All he cares about id filling in the blanks, getting the approvals and his commisssion.

The rules makers were at fault and so was everyone who made money on the increased value of their property, return on their investments or inflated ability to get a loan.

As a nation, we formed a circle, waited for the command and pulled the trigger.

We hit the mark.

 

[VaYank5150]

Obama didn't cause the crisis

Thank you. Nuff said.

 

[Seawytch]

One should hope this nonsense is behind us, and we can come together to work in good faith to address the Nation’s issues.

How is that even possible when one party's (stated, mind you) goal is the President's failure?

A good economy is bad for Republicans...many have even said so in public. They've shown a propensity to shoot the hostages before. Why should now be any different?