So should we give Obama a nobel prize for predicting a 10% unemployment?!

ByLoSellHi · Jun 17, 2009

Bush was an idiot. He did more damage than any predecessor.

Quit defending the indefensible.

Even Obama's massive bailout program, which I'm hugely critical of, is a carryover of Dubyanomics.

jd7419 · Jun 17, 2009

Quote from bugscoe:

And the stimulus (that needed to be passed in a hurry before the US blew up) was suppose to keep unemployment under 9%.

Oh well. It's only funny money. And it's still Bush's fault...

Damn right its still Bush's fault. In the year 2450 in some far far off galaxy it will still be Bush's fault.

Pa(b)st Prime · Jun 17, 2009

Grow up. Your endless shilling for Obama on every thread is getting old.

Half the items on your list are either bullshit hyperbole, flat out wrong or contrary to one another.

For example Enron. Anyone with more knowledge than you-which is half the free world-knows that Enron was also a prolific contributor to the DEMOCRATS including $362k in soft money to the DNC in 1999 and 2000.

Whose Department of Justice ultimately prosecuted Enron? Clinton's? Hardly.

Not to mention the Obama budgets have far eclipsed any Bush deficits. And before you answer that the new spending is "because of Bush" then why does the CBO estimate the Obama budget deficits will be over 600b as far down the road as 2012?

Just the idea that an idiot like yourself is a Moderator on this site tells one all they need to know about the demise of ET as a trading information portal, eh?

Quote from monty21:

Why are you hiding from reality? Bush inherited a surplus and a healthy economy from Clinton and Obama inherited a complete mess from Bush.

Here is Bush's financial resume:

-Spent the surplus and bankrupted the treasury.
-Shattered record for biggest annual deficit in history.
-Set economic record for most private bankruptcies filed in any 12-month period.
-Set all-time record for biggest drop in the history of the stock market.
-In my first two years in office over 2 million Americans lost their job.
-Cut unemployment benefits for more out of work Americans than any president in U.S. history.
-Set the all-time record for most foreclosures in a 12-month period.
-Presided over the biggest energy crises in U.S. history and refused to intervene when corruption was revealed.
-Presided over the highest gasoline prices in U.S. history and refused to use the national reserves as past presidents have.
-Cut healthcare benefits for war veterans.
-First president in U.S. history to have all 50 states of the Union simultaneously go bankrupt.
-Presided over the biggest corporate stock market fraud of any market in any country in the history of the world.
-Set the all-time record for biggest annual budget spending increases, more than any president in U.S. history.
-My biggest lifetime campaign contributor presided over one of the largest corporate bankruptcy frauds in world history (Kenneth Lay, former CEO of Enron Corporation).
-Spent more money on polls and focus groups than any president in U.S. history.
-Entered office with the strongest economy in U.S. history and in less than two years turned every single economic category heading straight down.

pspr · Jun 17, 2009

I'd like to stick a nobel prize up Obama's a$$. He continues to sell the U.S.A. down the sewer.

wmb · Jun 17, 2009

Monty, your skills at twisting reality is as amazing as the democratic black caucus, chris dodd, barney frank, nancy pelosi, obama himself, and last, but the king, at manipulting americans, Bill Clinton! The chronic state of denial you and your freinds are in is the reason I am frightened for the future! Bush himself is problem in shock at how resistant these idiots are. Who would have thought this many seemingly bright americans would deny deny deny any problems taking place. They were all busy doing something but it wasn't governing!

monty21 · Jun 17, 2009

I don't like Obama guys... never voted for him nor supported him. I do think he is far more intelligent than Bush though. I was also so disgusted with McCain (another Democrat registered as a Republican) that I favored him as the lesser of two evils. McCain admitted he knew nothing about the economy... he also said the fundamentals were strong lol.

I also think that Bush destroyed this country... so its my civic duty to expose him. You don't have to agree with me. Bush should've been registered as a Democrat anyway because he spent like a mad-man. Bush also supported TARP (money supply grew during his presidency too and the US dollar weakened). Do you guys really think that the Republican or Democrat policies to solve this mess would be any differnent?

The only aspect Republican about Bush is that he opposed gay-marriage, abortion, and some other social issues. BTW, (because of contrary belief) Democrat presidents historically get us into war.

I like Ron Paul. Campaign for Liberty!

WaveStrider · Jun 17, 2009

What prediction? Everybody knew it was going to 10% and higher a long time ago - that's why it was argued the "stress tests" for banks were using stress numbers that were too optimistic.

pspr · Jun 17, 2009

Quote from WaveStrider:

What prediction? Everybody knew it was going to 10% and higher a long time ago - that's why it was argued the "stress tests" for banks were using stress numbers that were too optimistic.

I think most recognized economists were saying 11% or 12% would be a likely place for Unemployment to top out.

What I don't understand is if Obama has any sense why any one of his 300 economic advisors didn't tell him that the last thing employers do in a recovery is add employees. He should have known not to predict his stupidly conceived stimulus wasn't going to hold the unemployment number under 8%. I don't think he is anywhere near as smart as many give him credit for. He clearly doesn't have a grasp of economics or foreign policy and is just stumbling around.

Having studied his history, I believe he is hell bent on getting his liberal agenda enacted at any expense. The economy and foreign policy are just tools at his disposal to reach his ends.

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<img src="http://www.crossactionnews.com/photo/image/11816/medium/Obama_s_Youth_2.jpg?1245236206">

monty21 · Jun 17, 2009

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Quote from pspr:

I think most recognized economists were saying 11% or 12% would be a likely place for Unemployment to top out.

What I don't understand is if Obama has any sense why any one of his 300 economic advisors didn't tell him that the last thing employers do in a recovery is add employees. He should have known not to predict his stupidly conceived stimulus wasn't going to hold the unemployment number under 8%. I don't think he is anywhere near as smart as many give him credit for. He clearly doesn't have a grasp of economics or foreign policy and is just stumbling around.

Having studied his history, I believe he is hell bent on getting his liberal agenda enacted at any expense. The economy and foreign policy are just tools at his disposal to reach his ends.

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<img src="http://www.crossactionnews.com/photo/image/11816/medium/Obama_s_Youth_2.jpg?1245236206">

If you really want a fascist, Nazi connection, I suggest you Google and do some research on Prescott Bush.

pspr · Jun 17, 2009

Quote from monty21:

If you really want a fascist, Nazi connection, I suggest you Google and do some research on Prescott Bush.

I suggest you're an idiot with very poor analytical skills. Go away.