Democrats screwed up the economy, not Bush

[Stuck_In_California]

The biggest propaganda lie ever concocted and foisted upon the American people is the lie that Bush caused our economic crisis. He did not.

Before the Democrats took Congress in 2007 unemployment was 4.1%, gas was $1.70 a gallon, and the economy was expanding.

Then the Democrats took Congress in 2007 and promptly destroyed the economy. When Obama became president in 2009 he made it twice as bad.

Let’s do a little math here:

Bush was president for 8 years, from 2001 to 2009.

As I said, in 2007 unemployment was 4.1% and the economy was expanding. That is SIX years into the Bush presidency mind you - SIX OUT OF EIGHT.

Now, can anyone explain to me why the first six years of the eight-year Bush presidency was just fine, and then magically, when the Democrats took over Congress, the economy tanked? Simple: The Democrats took power. When they took power they pushed their social engineering policy of trying to let minorities who wants to own a house own a house whether they could afford it or not. All the bad loans the banks made, they were browbeat into that the the Left. And THAT was the first domino in line to fall.

As I said: The biggest propaganda lie ever concocted and foisted upon the American people is the lie that Bush caused our economic crisis. In fact, Democrats did, with policies that can find their genesis in the Clinton years.

[Carygrant]

If you want to pick out a 2007 start date , your case seems possible though nowhere as clear cut as you apparently seem to want .
But this date is arbitrary and makes no obvious sense .
I think the overall perspective post 2001 is much more sensible and realistic . Moving to "Global warfare "strategy had obvious immediate economic benefits and laid the ground for the banking disease pandemic , which started around 2004 .
I can see you are sincere in believing your " biggest lie ever concocted " theory .
I think you might be less inclined to that dramatic idea if you consider the wider picture but trying to be objective and not trying to find the suitable "facts" to meet a predetermined party based conclusion .

[Stuck_In_California]

If you want to pick out a 2007 start date , your case seems possible though nowhere as clear cut as you apparently seem to want . ................

I said that in 2007 unemployment was 4.1% and the economy was expanding, six years into the Bush presidency. Obviously the economy did not tank at 6 years plus one day. It took a little while for Democrat policies to kick in.

http://moneycentral.msn.com/content/data/images/Charts/unemployment.GIF

http://www.shadowstats.com/imgs/sgs-emp.gif

http://www.rpsoft2000.com/consulting/US-Statistics/1.%20Loss%20in%20income%20and%20not%20just%20high% 20expenses.jpg

[Stuck_In_California]

Obama Democrats Screwed the Economy, Not Bush
> http://pepperhawkfarm.wordpress.com/2012/08/27/obama-democrats-screwed-the-economy-not-bush/

[Carygrant]

Try arguing a case yourself without just regurgitating hack material written for money and to a pre arranged agenda .
Where's your graph showing Mutants lack of progress ? I quite liked that picture .If you turned it round it looked like a smiling baboon .

[head of joaquin]

Unemployment is a lagging indicator. Econ 101.

Poor conservatives are stuck repeating memes that evey educated person rejects.

[Stuck_In_California]

Unemployment is a lagging indicator. Econ 101.

Poor conservatives are stuck repeating memes that evey educated person rejects.


http://rt.com/files/news/occupy-protest-revival-arrests-569/ows-protesters-demonstrate-bryant.jpg

What were you saying about "educated" people?

[Chris]

Way I see it, based on what I've read and heard, the financial crisis is tied to the housing bubble and while banksters took advantage of it, what they took advantage of what government regulations and incentives that go back to FDR creating Freddie Mac and Fannie May and continue through decades of central planning to force equal opportunity. The road to hell is paved with good intentions!

[roadmaster]

Way I see it, based on what I've read and heard, the financial crisis is tied to the housing bubble and while banksters took advantage of it, what they took advantage of what government regulations and incentives that go back to FDR creating Freddie Mac and Fannie May and continue through decades of central planning to force equal opportunity. The road to hell is paved with good intentions!

Did you also see the debates where the dems were claiming racist if they did not allow this?

[Peter1469]

Bush did help create a strong economy. But he also spent way to much money (or refused to veto dem spending schemes). For that, Bush can not be forgiven.

[Chris]

Did you also see the debates where the dems were claiming racist if they did not allow this?

Emotionalism seems to be a typical liberal ploy, playing the race card to play on emotions, rather than arguing rationally. It's these sorts of socialist policies are racist, do more harm than good.

[roadmaster]

Emotionalism seems to be a typical liberal ploy, playing the race card to play on emotions, rather than arguing rationally. It's these sorts of socialist policies are racist, do more harm than good.

Yes, but these two and only two republicans were fighting because they knew that once a person got these loans the bank would sell it to another financial institution, the persons rate would go up and all the money they sent in would only go towards the interest. That was not being racist, they were trying to protect the individuals buying houses.

[Deadwood]

Unemployment is a lagging indicator. Econ 101.

Poor conservatives are stuck repeating memes that evey educated person rejects.



How much lag? One year? In which case you have no argument.
Three? See above
Five? See above

Ten? See Clinton.

[Chris]

Yes, but these two and only two republicans were fighting because they knew that once a person got these loans the bank would sell it to another financial institution, the persons rate would go up and all the money they sent in would only go towards the interest. That was not being racist, they were trying to protect the individuals buying houses.

I meant those pushing us into a housing bubble did so in part for racist reasons. Not sure the debate and two Reps you're talking about, sorry.

[Deadwood]

Way I see it, based on what I've read and heard, the financial crisis is tied to the housing bubble and while banksters took advantage of it, what they took advantage of what government regulations and incentives that go back to FDR creating Freddie Mac and Fannie May and continue through decades of central planning to force equal opportunity. The road to hell is paved with good intentions!




That would be a little too far back. The creation of the problem began under Carter, who, faced with the worst economy since FDR, did what FDR did and made it worse. At the time it was an extraction of Kenesian economics, I believe, that it was a given that because real estate was finite it could never go down in value. That led to an easing of mortgage restrictions - a dangerous situation. Reagan reversed some of that I understand but didn't finish the job because he too had an opposition Congress and Senate and Bush Sr. ignored it.
Then, according to Canadian observers, Clinton ran with an even looser structure and removed all the speed bumps. As he tried to get Canada to go along it was examined very closely here and rejected with the projection by economists of exactly what happened ten years later. The only point on which they were wrong was how long it would take...tyhey under estimated the greed on Wall Street as they figured it would take 15 to 20 years.....

Bad news? Those same economists now say the US economy may never fully recover.....

They've been right about everything else and David Dodge, the Governor of the Bank of Canada [the Canadian regulatory body] has been dead on regarding his projections on unemployment, the DJIA, and interest rates....

[Chris]

That would be a little too far back. The creation of the problem began under Carter, who, faced with the worst economy since FDR, did what FDR did and made it worse. At the time it was an extraction of Kenesian economics, I believe, that it was a given that because real estate was finite it could never go down in value. That led to an easing of mortgage restrictions - a dangerous situation. Reagan reversed some of that I understand but didn't finish the job because he too had an opposition Congress and Senate and Bush Sr. ignored it.
Then, according to Canadian observers, Clinton ran with an even looser structure and removed all the speed bumps. As he tried to get Canada to go along it was examined very closely here and rejected with the projection by economists of exactly what happened ten years later. The only point on which they were wrong was how long it would take...tyhey under estimated the greed on Wall Street as they figured it would take 15 to 20 years.....

Bad news? Those same economists now say the US economy may never fully recover.....

They've been right about everything else and David Dodge, the Governor of the Bank of Canada [the Canadian regulatory body] has been dead on regarding his projections on unemployment, the DJIA, and interest rates....

Correct, you've filled in a lot of details between then and now. Many contributed along the way and few did anything to try and stop blowing up the bubble before it burst. History is repelte with these bubbles, from tulips to dot coms and nobody learns, well the Canadians seem to have.

[Carygrant]

Still flogging that dead horse , SIC ?
You will have to update your out of date party once Obama is re-elected .
Mutant will literally end up being the death of the out of date Rep party .

[Chris]

Still flogging that dead horse , SIC ?
You will have to update your out of date party once Obama is re-elected .
Mutant will literally end up being the death of the out of date Rep party .

Who is SIC and what are you talking about? Post in the wrong thread again?

[Deadwood]

Who is SIC and what are you talking about? Post in the wrong thread again?

I think it was "hic"

[Stuck_In_California]

......You will have to update your out of date party once Obama is re-elected .....

You mean the party that took back the House in 2010? That party? YOU JACKASS?

You ever notice that nobody talks about the politics on your little inbred island? Why is that.

[Stuck_In_California]

(duplicate)