Nobody could have fixed the economy in 4 years.....

[CrusaderFrank]

Our sabotaged public education system never taught you that Harding, Mellon and Coolidge turned around a far worse economy in under 2 years.

Reagan fixed his in under three, with no help from a lying Democrat Congress

 

[NYcarbineer]

BTW last time i checked, the Depression of 1920 was still the deepest depression in history. And we recovered from that very quickly compared to the economic downturns that werent as deep but which had politicians trying to fix it with government intervention.

Oh, the Right Wingers LOVE the Depression of 1920, because it's the only one that makes the "Case" that Recessions can be solved by cutting taxes and no government programs.

Of course, they only tell you half the story.

To recap, the Depression of 1920 occurred because after WWI, there was huge deflationary effect on the currency. The whole world was shifting its economy from war material production and rationing to consumer good production.

So what everyone remembers is that Harding (one of the most corrupt presidents, ever) cut income taxes. What they like to forget is that he strengthened tariffs to protect American industries and manufacturing from cheap foreign competition.

Another factor that caused the deflation was that during WWI, unions were able to increase wages for their members and gain power because 4 million men were off fighting WWI. When those guys got back and looked for jobs, industry went through their old tricks of busting up unions and hiring lower-paid scabs. This caused an overall weakening of the buying power of labor unions.

What they also aren't telling you is that taxes were cut after WWI because taxes had been raised to pay for the war. That's how we used to operate.

Nowadays the one trick tax cuts Republicans cut taxes DURING wars, and then want to cut them further when the wars end, then want to cut them further when the economy slows down, then want to cut them further when the economy picks up then want to cut them further when the next war starts.

 

[Harry Dresden]

Actual facts REALLY get you, eh,lol

Frankie out here California unemployment is at 10.8%.....where are those jobs Frankie?....this State has the biggest Economy in the land.....and just about the highest Unemployment in the land.....WHERE are all these jobs Frankie?

In the Jobs Act and Tranportation Bill Pubs have been sitting on for a YEAR.

Frankie?.....remember what poster just said this yesterday?.....The stimulus turned 750k jobs lost a month into job growth in 7 months........where are those jobs Frankie?....

 

[JoeB131]

I could live with not fixed, but not with the lack of progress. Not Good Enough. That's why I want a change.

So you want change? A change back to what we had in 20Jan09? Because Romney-Ryan are pushing the same policies that put us where we were then.

Yeah well Obama/Bidens Socialist plans are working so wonderfully..
People are WORSE off today than they were with Bush

Only in your fantasy world.

In 2008, I just lost my job, had to take a 25% pay cut in a Temp to Hire position. My 401K lost half it's value and my property values plummeted. In all, I lost about $100,000 in property equity.

Today, my job is permanent and a lot more stable, I'm being paid more than I was, some of my assets have regained their value. Yes, I'm a lot better off than I was in 2008.

The problem with the Modern Republican/Teabaggers is that they like to pretend 2008 never happened, and they had nothing to do with it.

 

[JoeB131]

BTW last time i checked, the Depression of 1920 was still the deepest depression in history. And we recovered from that very quickly compared to the economic downturns that werent as deep but which had politicians trying to fix it with government intervention.

Oh, the Right Wingers LOVE the Depression of 1920, because it's the only one that makes the "Case" that Recessions can be solved by cutting taxes and no government programs.

Of course, they only tell you half the story.

To recap, the Depression of 1920 occurred because after WWI, there was huge deflationary effect on the currency. The whole world was shifting its economy from war material production and rationing to consumer good production.

So what everyone remembers is that Harding (one of the most corrupt presidents, ever) cut income taxes. What they like to forget is that he strengthened tariffs to protect American industries and manufacturing from cheap foreign competition.

Another factor that caused the deflation was that during WWI, unions were able to increase wages for their members and gain power because 4 million men were off fighting WWI. When those guys got back and looked for jobs, industry went through their old tricks of busting up unions and hiring lower-paid scabs. This caused an overall weakening of the buying power of labor unions.

What they also aren't telling you is that taxes were cut after WWI because taxes had been raised to pay for the war. That's how we used to operate.

Nowadays the one trick tax cuts Republicans cut taxes DURING wars, and then want to cut them further when the wars end, then want to cut them further when the economy slows down, then want to cut them further when the economy picks up then want to cut them further when the next war starts.

The government also used to sell war bonds to pay for the war, which they had to pay back with interest.

Now we just borrow the money from China.

 

[CrusaderFrank]

Oh, the Right Wingers LOVE the Depression of 1920, because it's the only one that makes the "Case" that Recessions can be solved by cutting taxes and no government programs.

Of course, they only tell you half the story.

To recap, the Depression of 1920 occurred because after WWI, there was huge deflationary effect on the currency. The whole world was shifting its economy from war material production and rationing to consumer good production.

So what everyone remembers is that Harding (one of the most corrupt presidents, ever) cut income taxes. What they like to forget is that he strengthened tariffs to protect American industries and manufacturing from cheap foreign competition.

Another factor that caused the deflation was that during WWI, unions were able to increase wages for their members and gain power because 4 million men were off fighting WWI. When those guys got back and looked for jobs, industry went through their old tricks of busting up unions and hiring lower-paid scabs. This caused an overall weakening of the buying power of labor unions.

What they also aren't telling you is that taxes were cut after WWI because taxes had been raised to pay for the war. That's how we used to operate.

Nowadays the one trick tax cuts Republicans cut taxes DURING wars, and then want to cut them further when the wars end, then want to cut them further when the economy slows down, then want to cut them further when the economy picks up then want to cut them further when the next war starts.

The government also used to sell war bonds to pay for the war, which they had to pay back with interest.

Now we just borrow the money from China.

LOL

What's the difference?

 

[Harry Dresden]

I can fix the economy in one year.Abolish ALL foreign aid. Abolish the main military and put out notice that any aggressive nation will be met with a nuclear firestorm.Use the remainder of the navy for ocean cleanup and interrupting dope flow to murka, #1 in junkie per capita.
Put the meatheads in the farm fields and the smart ones on the borders(if there are enough smart ones).
Problem solved.
Yes. You'll have to nuke an aggressive nation so the rest will know you mean business. I recommend IsNtReal.

go back to sweeping up shit off the streets in Costa Rica Gordo....you ran from this Country and then stand from afar and call everyone Assholes.....you dont count anymore....no one cares what you have to say....im sure sooner or later the good people of Costa Rica will figure out what a lowlife you are and you will be running again.....eat shit and perish Gordo....

 

[JoeB131]

Our sabotaged public education system never taught you that Harding, Mellon and Coolidge turned around a far worse economy in under 2 years.

Reagan fixed his in under three, with no help from a lying Democrat Congress

Well, they didn't teach that because it wasn't particullary true. The Depression of 1920 was never really that bad, and it was over by July 1921 just as Harding was taking office.

There's a reason that there aren't a bunch of things named after Warren Harding. He just wasn't that good of a president, and the main thing he's remembered for is the Teapot Dome scandal.

Also, Reagan's "Fix" was to use unemployment to fight inflation, and then to have everyone finally get back to work (Unemployment was at the same level in Nov. 1984 as it was in Nov 1980) it was for less money.

The untold part of the Reagan story is that he spent far more on Stimulus than Obama did. He doubled the national budget and tripled the national debt.

 

[CrusaderFrank]

BTW last time i checked, the Depression of 1920 was still the deepest depression in history. And we recovered from that very quickly compared to the economic downturns that werent as deep but which had politicians trying to fix it with government intervention.

Oh, the Right Wingers LOVE the Depression of 1920, because it's the only one that makes the "Case" that Recessions can be solved by cutting taxes and no government programs.

Of course, they only tell you half the story.

To recap, the Depression of 1920 occurred because after WWI, there was huge deflationary effect on the currency. The whole world was shifting its economy from war material production and rationing to consumer good production.

So what everyone remembers is that Harding (one of the most corrupt presidents, ever) cut income taxes. What they like to forget is that he strengthened tariffs to protect American industries and manufacturing from cheap foreign competition.

Another factor that caused the deflation was that during WWI, unions were able to increase wages for their members and gain power because 4 million men were off fighting WWI. When those guys got back and looked for jobs, industry went through their old tricks of busting up unions and hiring lower-paid scabs. This caused an overall weakening of the buying power of labor unions.

Mellon advise the President not to interfere in the economy and let assets, liabilities and labor reprice. They did not do an FDR "Save the Unions!" type of policy and hence unemployment dropped from 12 to 4 in 2 years, black unemployment was nearly nonexistent.

Today, following the FDR/Obama model, the UAW is doing great today, the rest of the economy, not so much

 

[JoeB131]

What they also aren't telling you is that taxes were cut after WWI because taxes had been raised to pay for the war. That's how we used to operate.

Nowadays the one trick tax cuts Republicans cut taxes DURING wars, and then want to cut them further when the wars end, then want to cut them further when the economy slows down, then want to cut them further when the economy picks up then want to cut them further when the next war starts.

The government also used to sell war bonds to pay for the war, which they had to pay back with interest.

Now we just borrow the money from China.

LOL

What's the difference?

If you can't see the difference between getting your own people to fund the war and getting a foriegn country to pay for it, I'm not sure if there's any hope for you.

 

[CrusaderFrank]

Ask yourself this question: "Is the UAW better off now than it was 4 years ago?"

 

[CrusaderFrank]

The government also used to sell war bonds to pay for the war, which they had to pay back with interest.

Now we just borrow the money from China.

LOL

What's the difference?

If you can't see the difference between getting your own people to fund the war and getting a foriegn country to pay for it, I'm not sure if there's any hope for you.

What difference does it make who buys the bonds?

 

[Freewill]

Obama had 26 working days of a filibuster proof senate. That's the reason he got health care reform.

He got it b/c of a handful of turncoat Republicans. The vote was never in jeopardy. But thanks for another round of liberal revisionist history.

You're kidding, right?

Actually you both are wrong. Reid had to pull stunts to get it passed without a vote and buy off his own party to do it. Remember that is why Scott's election was so important to them they lost there filibuster proof majority. No Republican supported Obamatax. Remember the corn husker kickback? Obamatax was passed in the still of the night by paying off democrat Senators that is the real shame of the whole situation.

 

[Freewill]

Making people "beg" for charity isn't helping them... Sorry.

Some day, the REpublican party might return to sanity, but not with the current bunch in charge. Not until we get rid of the TEA crazies and Romney.

who is holding a gun to peoples heads making them BEG to suck off us taxpayers?
And someday you might return to sanity..sheeesh

Who's holding a gun to your head?

No, seriously, who?

I would personally be for every one of those people who are able bodied having a job... but that isn't how the system you support works.

We got to near full employment under Clinton, and the Business Community (that really runs the GOP, the Teabaggers and Religious nuts aer just useful idiots) absolutely hated it, even though they were making record profits. They hated having to share. THey hated having to offer competitive salaries.

And this is where the GOP has lost its way. It put the interests of corporations above those of the working class, figuring the working class could just be manipulated by pushing their religious and racial buttons.

All of Bush's term the unemployment rate averaged 5 percent. It was 4.6 in 2007 and 5.6 in 2008. All of Obama's term it hasn't dropped below 8 percent although we were promised if we placed debt upon our children it wouldn't go over 8. Obama didn't know what he was doing so whatever he said really didn't matter. But what he did was prolong the recovery and make it the weakest in history. Now he takes credit for that which he said if it happened he would be a one term president. That is history that is what we saw.

What is truly laughable is that the left has now invented the Tea Party as the scape goat and they have no power at all.

 

[NYcarbineer]

Oh, the Right Wingers LOVE the Depression of 1920, because it's the only one that makes the "Case" that Recessions can be solved by cutting taxes and no government programs.

Of course, they only tell you half the story.

To recap, the Depression of 1920 occurred because after WWI, there was huge deflationary effect on the currency. The whole world was shifting its economy from war material production and rationing to consumer good production.

So what everyone remembers is that Harding (one of the most corrupt presidents, ever) cut income taxes. What they like to forget is that he strengthened tariffs to protect American industries and manufacturing from cheap foreign competition.

Another factor that caused the deflation was that during WWI, unions were able to increase wages for their members and gain power because 4 million men were off fighting WWI. When those guys got back and looked for jobs, industry went through their old tricks of busting up unions and hiring lower-paid scabs. This caused an overall weakening of the buying power of labor unions.

What they also aren't telling you is that taxes were cut after WWI because taxes had been raised to pay for the war. That's how we used to operate.

Nowadays the one trick tax cuts Republicans cut taxes DURING wars, and then want to cut them further when the wars end, then want to cut them further when the economy slows down, then want to cut them further when the economy picks up then want to cut them further when the next war starts.

The government also used to sell war bonds to pay for the war, which they had to pay back with interest.

Now we just borrow the money from China.

We raised taxes to pay for the Civil War, WWI, WWII, Vietnam...

...Reaganomics determined that wars didn't have to be paid for; they could be converted into triple digit deficits and perpetual debt instead.

 

[Oldstyle]

He could have done a lot more if he actually had a congress that worked with him, they did nothing but buck him and worked their hardest to try and get Obama out, on our tax dollars. Its time for each and everyone of those Free loaders to go.

Obama had 2 years of a Democratic Congress. That's how Obamacare got passed. He was focused on that instead of the economy.

Obama had 26 working days of a filibuster proof senate. That's the reason he got health care reform.

Spin it any way you like, Dick but the fact will ALWAYS remain that with millions of Americans out of work and waiting for him to fix the economy, Barack Obama decided they could wait and instead spent the bulk of his time and energy trying to push through the Progressive's "Holy Grail"...government subsidized health care.

 

[CausingPAIN]

President Clinton in his speech last night stated that although he inherited a bad economy from Bush Sr., the economy that Obama received from Bush Jr. was much worse, and that no president, not him, nor any of his predecessors could have fixed the economy in only 4 years.

Maybe Obama's new slogan should be "saved in 4, fixed by 8".

Reagan fixed it in under three years, cumswallower.

More like two (2).

Yep. If Obama was serious about fixing the economy, he would pursue policies more like Reagan instead of compounding Carter.

So how did that Voodoo work again....

 

[Claudette]

Obama had 2 years of a Democratic Congress. That's how Obamacare got passed. He was focused on that instead of the economy.

Obama had 26 working days of a filibuster proof senate. That's the reason he got health care reform.

Spin it any way you like, Dick but the fact will ALWAYS remain that with millions of Americans out of work and waiting for him to fix the economy, Barack Obama decided they could wait and instead spent the bulk of his time and energy trying to push through the Progressive's "Holy Grail"...government subsidized health care.

Yup. That "Signature Legislation." Another huge entitlement that we can't afford, was way more important to Barry and his idiot Dems than fixing the economy.

Of course he doesn't know how to fix the economy. His policies prove that.

Loser 101

 

[Lovebears65]

President Clinton in his speech last night stated that although he inherited a bad economy from Bush Sr., the economy that Obama received from Bush Jr. was much worse, and that no president, not him, nor any of his predecessors could have fixed the economy in only 4 years.

Maybe Obama's new slogan should be "saved in 4, fixed by 8".

Obama has made IT WORSE .. Not even going in the right direction. When we hit 16T in debt HELLLLLLLLLLLLLLLLLLLO he promised if he passed the stimulus that he would get the debt to 5.5T.. He keeps spending and NOTHING he does is working.... GEt a clue people

 

[Oldstyle]

The Woodward book gives us all a look at how inept this White House and it's President REALLY is. The reason why you don't elect political "amateurs" like Barack Obama is that they can't get political deals DONE.

All this hot air by Obama supporters about how the Republicans decided right out of the box that they wouldn't work with the President? It turns out the the people who decided they didn't need the other side right from the start was Obama. Rahm Emanuel's "F**k 'em! We've got the votes." declaration five days into the new Administration is NOT bipartisan cooperation. Neither is Obama insisting on adding another 400 billion in tax increases to the deal that he and Boehner had worked out. That's someone who always has to get HIS way.

You want a telling fact that Woodward reveals? That when the Republicans won control of the House in 2010...nobody in the Obama Administration had John Boehner's phone number so they could make the obligatory call to congratulate him! They had to get it from someone else. If you REALLY were working in a bi-partisan manner how could that be?