Obama Presidency Modern-Day Ancien Régime:Extravagant & Out of Touch
- Thread starter Tauvros
- Start date
You mean as Obama tries to work out of the Bush excesses of low taxes and little to no financial regulation without sinking the boat? Are you implying that you want to continue the course that got your economy into such turbulence to begin with? You know that clever little definition of insanity, right? The one about doing the same thing and expecting a different outcome?
You and Barney Frank would make a great couple.
Itâs Time to Admit It: Obamanomics Are a Complete Disaster
Posted by Jim Hoft on Monday, August 9, 2010, 1:07 PM
Obamaâs trillion dollar stimulus package failed.
Barack Obama and Nancy Pelosi tripled the national deficit last year by nearly a trillion dollars â something unheard of in our nationâs history.
After an unheard of record deficit last year of $1.4 Trillion the economy is on track to experience a $1.3 Trillion deficit this year.
The democratic-media complex wants you to believe that this was Bushâs fault.
Itâs a lie.
THE TRUTH â TAX CUTS GROW THE ECONOMY.
During the Bush years, despite the 2000 Recession, the attacks on 9-11, the stock market scandals, Hurricane Katrina, and wars in Iraq and Afghanistan, the Bush Administration was able to reduce the budget deficit from 412 billion dollars in 2004 to 162 billion dollars in 2007, a sixty percent drop. In 2004 the federal budget deficit was 412 billion dollars. In 2005 it dropped to 318 billion dollars. In 2006 the deficit dipped to 248 billion dollars. And, in 2007 it fell below 200 billion to 162 billion dollars. During the Bush years the average unemployment rate was 5.2 percent, the economy saw the strongest productivity growth in four decades and there was robust GDP growth.
Not only were more jobs lost after the 9-11 attacks in 2001 than in the 2008 market crash, but more jobs were created by President Bushâs pro-business policies and tax cuts than by the Obama-Pelosi âspend your way to hellâ Keynesian failure.
Itâs time to admit Obamanomics are a complete disaster.
The Washington Examiner reported:
Thereâs more at The Washington Examiner.
The Washington Examiner? You mean the free conservative rag owned by Philip Anschutz, whose instructions were explicit?
"...he 'wanted nothing but conservative columns and conservative op-ed writers,' said one former employee." The Examiner's conservative writers include Byron York (National Review), Michael Barone (American Enterprise Institute, Fox News), and David Freddoso (National Review, author of The Case Against Barack Obama).
http://en.wikipedia.org/wiki/The_Washington_Examiner
Yeah, now there's some objective reporting, eh?
All that grasping, Bugs. You have straw under your fingernails.
How about table S-1 of the president's budget? Is that "rabid right" too? Note that the Obama administration has RAISED the national debt projection to $16.7 trillion since Heritage made that chart:
http://www.whitehouse.gov/sites/default/files/omb/budget/fy2011/assets/budget.pdf
http://www.whitehouse.gov/sites/default/files/omb/budget/fy2011/assets/budget.pdf
Kindly refer to Table S-1, which you brought to my attention. Kindly note that these forecasts are without a Fiscal Commission. And, finally, kindly refer to the note at the bottom of that very table you have brought to my attention:
FISCAL COMMISSION
The Administration supports the creation of a Fiscal Commission. The Fiscal Commission is charged with identifying policies to improve the fiscal situation in the medium term and to achieve fiscal sustainability over the long run. Specifically, the Commission is charged with balancing the budget excluding interest payments on the debt by 2015 The result is projected to stabilize the debt-to-GDP ratio at an acceptable level once the economy recovers. The magnitude and timing of the policy measures necessary to achieve this goal are subject to considerable uncertainty and will depend on the evolution of the economy. In addition, the Commission will examine policies to meaningfully improve the long-run fiscal outlook, including changes to address the growth of entitlement spending and the gap between the projected revenues and expenditures of the Federal Government.
Reading comprehension is a wonderful thing, wouldn't you say?