Reaganomics vs Obamanomics

[Oldstyle]

No one has seen "Obamanomics". Obstructionist Republicans won't let it happen. They hate the black guy that much they won't even let him fix their failure. Well, at least he took out Bin Laden. One Republican failure fixed.

Why didn't it "happen" when the Democrats controlled the House, Senate and White House? You guys got Obama Care passed...why didn't you guys pass something to address job loss and a slumping economy? Face it, Rdean...nobody with half a brain is buying that Obama didn't get things done on the economic front because of Republican obstructionism any more than they're buying that the Democrats couldn't come up with a budget because of Republican obstructionism. It's an excuse...and a really poor one.

As for Bin Laden? Great job by Obama. He let the Seals do what they do.

 

[M.D. Rawlings]

No one has seen "Obamanomics". Obstructionist Republicans won't let it happen. They hate the black guy that much they won't even let him fix their failure. Well, at least he took out Bin Laden. One Republican failure fixed.

8.5 months and 2 years....you had it all, suck it up and stop repeating BS...

Right on! Enough! Two pages of eyesore.

Windbag, look, dramatically reduce corporate tax rates, reduce marginal rates, eliminate capital gains tax, eliminate loopholes, abolish ObamaCare, tort reform, interstate competition for insurance companies, get regulation off the economy's back, reform (privatize) payroll-tax entitlements, universal school choice, kill any number of federal departments starting with the Education Department, drastically reduce the size of government, stop deficit spending.

Problem solved.

Next.

Obama is done. Put a fork in him.

 

[Oldstyle]

Carter or Reagan have no control on whet the Fed does. Fed plays politics with the American economy(but thats another thread) Obama was left with a much bigger mess than Reagan. And Carter didn't help himself by pissing off the middle east and trying to make America energy independent. Carter didn't reaslize how shortsighted and selfish Americans are....

Absolute hysterical revisionism.

The economy Reagan inherited was in just as bad of a mess as the one Obama did. The difference is that Reagan did things to spur economic growth; Obama's policies has squashed it. The results being high REAL job creation under Reagan vs. job losses under Obama.

Thanks Obama!

Three things happened to turn the Reagan economy around:

1. Most importantly, the business cycle. A 16th month recession washed out the excesses and set the economy up to resume growth, as all business cycles do.

2. The Fed reversed monetary policy in 1982, making borrowing cheaper.

3. Oil prices fell significantly.

Reagan really had little to do with it, although a good Keynesian would argue that Reagan's ramping up of government spending by borrowing and ballooning the deficit was stimulative.

The end of a business cycle wouldn't have brought the levels of growth seen during the Reagan boom, NYCarbineer. Nice try though... Gee, I wonder when the end of THIS business cycle is going to come through for Barack Obama? You think a 16 month recession "washed out" excesses for Reagan? So this recession we're in now has been going on for 3 YEARS. You might want to factor in how the policies of Obama have kept any recovery from taking place.

The Fed did reverse monetary policy in 1982...but only after tightening the money supply to get Stagflation under control. That was done at the request of Ronald Reagan at great political peril since doing so caused a hit on economic growth and a rise in the unemployment rate.

As for cheap oil? Well of course it was cheap. Reagan got rid of price controls on oil which brought the price down dramatically. How can you argue that Reagan had "little to do with it"?

 

[FA_Q2]

Can consumers?

This what it looks like:

Gee - that Federal Policy of encouraging people to buy homes they couldn't afford worked out Just Great.

You're right. The lending industry needed much more government regulation than it had.

Or we could not have massive entities like Fanny and Freddie taking 100 percent of the risk but allowing the banks all the profit. Regulation was not the problem. It was the ability of the banks to shift the risk to Fanny and Freddie that made those loans possible.

 

[rdean]

No one has seen "Obamanomics". Obstructionist Republicans won't let it happen. They hate the black guy that much they won't even let him fix their failure. Well, at least he took out Bin Laden. One Republican failure fixed.

Still thinking this is "Bushonomics"? 3 years in and it's still W's fault. You just won't get off that dead horse will you. Hoping it'll resurrect? And playing the race card. Nice touch. Doesn't change fact that we've been in Obamanomics since 2009, and it's an abject failure. Just because the libs won't pass a budget doesn't mean it absolves him of his actions.

Give me a break. It was cut taxes for rich people, subsidies for oil companies, remove clean air and clean water regulations and end corporate tax then and it's the same now.

Republicans say the failure was Bush, he didn't follow Republican policies. The truth is he followed Republican policies perfectly. It's the policies that's a failure, not the man.

The number one cause of bankruptcy is medical bills. Obama tried to help America with that but the filibuster party and Fox news has undermined him at every turn. The right wing supports the party because they want to destroy the black man who has dared to live in the "WHITE" House.

Republicans have become a party of "ignorance and malice". They have no successful policies and can take no responsibility. Look at the debt ceiling. They got 98% of what they wanted, but when the country was downgraded, it was Obama's fault. See how that works, they get 98% of what they want, but when that fails, it's the other guys fault, even though they got 98% of what they wanted.

 

[Oldstyle]

No one has seen "Obamanomics". Obstructionist Republicans won't let it happen. They hate the black guy that much they won't even let him fix their failure. Well, at least he took out Bin Laden. One Republican failure fixed.

Still thinking this is "Bushonomics"? 3 years in and it's still W's fault. You just won't get off that dead horse will you. Hoping it'll resurrect? And playing the race card. Nice touch. Doesn't change fact that we've been in Obamanomics since 2009, and it's an abject failure. Just because the libs won't pass a budget doesn't mean it absolves him of his actions.

Give me a break. It was cut taxes for rich people, subsidies for oil companies, remove clean air and clean water regulations and end corporate tax then and it's the same now.

Republicans say the failure was Bush, he didn't follow Republican policies. The truth is he followed Republican policies perfectly. It's the policies that's a failure, not the man.

The number one cause of bankruptcy is medical bills. Obama tried to help America with that but the filibuster party and Fox news has undermined him at every turn. The right wing supports the party because they want to destroy the black man who has dared to live in the "WHITE" House.

Republicans have become a party of "ignorance and malice". They have no successful policies and can take no responsibility. Look at the debt ceiling. They got 98% of what they wanted, but when the country was downgraded, it was Obama's fault. See how that works, they get 98% of what they want, but when that fails, it's the other guys fault, even though they got 98% of what they wanted.

How exactly does passing health care legislation that bankrupts the nation as a whole protect individual Americans from bankruptcy? Logic like that has led us to the point where our country's credit rating IS being downgraded.

 

[Big Fitz]

I call bullshit. You can't force someone to make loans to someone who can't afford it, and then expect the lending institution to remain financially stable. That's just plain fucking logic. It's wishful thinking to believe otherwise. I know you don't leave liberal fantasyland, but those theories don't work here in the real world were cause and effect don't give a shit about feelings and 'nice'.

The major reason why Canada hasn't experienced the painful crash of their real estate as we did is that in Canada banks were still getting a substantial down payment before approving home loans. One could make the argument that this whole crash can be traced to pressure on US banks to make sub-prime mortgage loans by the government. Without the massive numbers of sub-prime loans that got bundled and sold as "solid" investments we wouldn't have had the large financials getting slaughtered when the real estate bubble burst. Without Fannie and Freddie backing all those sub-prime loans tax payers wouldn't have suffered billions of dollars of losses. It's kind of like the old saying..."It doesn't pay to fool Mother Nature." In this case it didn't pay to to go against sound banking principles just to push a political agenda.

It's also why Texas has largely escaped the mortgage crisis. State law requires at least a 20% down payment.

It's criminal that the Federal Government encouraged loans to people who couldn't afford them.

Wow, a good regulation. I knew they happened.

 

[Big Fitz]

Still thinking this is "Bushonomics"? 3 years in and it's still W's fault. You just won't get off that dead horse will you. Hoping it'll resurrect? And playing the race card. Nice touch. Doesn't change fact that we've been in Obamanomics since 2009, and it's an abject failure. Just because the libs won't pass a budget doesn't mean it absolves him of his actions.

Give me a break. It was cut taxes for rich people, subsidies for oil companies, remove clean air and clean water regulations and end corporate tax then and it's the same now.

Republicans say the failure was Bush, he didn't follow Republican policies. The truth is he followed Republican policies perfectly. It's the policies that's a failure, not the man.

The number one cause of bankruptcy is medical bills. Obama tried to help America with that but the filibuster party and Fox news has undermined him at every turn. The right wing supports the party because they want to destroy the black man who has dared to live in the "WHITE" House.

Republicans have become a party of "ignorance and malice". They have no successful policies and can take no responsibility. Look at the debt ceiling. They got 98% of what they wanted, but when the country was downgraded, it was Obama's fault. See how that works, they get 98% of what they want, but when that fails, it's the other guys fault, even though they got 98% of what they wanted.

How exactly does passing health care legislation that bankrupts the nation as a whole protect individual Americans from bankruptcy? Logic like that has led us to the point where our country's credit rating IS being downgraded.

For the love of GAIA!!! You don't stop spending or increasing spending! That is the closest to god as they ever get... growth of their god government.