Deception
Feb 1, 2014 14:52:32 #
Comment
Loc: California
Floyd Brown wrote:
I would like to think that you could give us a bit more of your time & share some of what you have to say.
While I really don't think you will grow to love this forum I would like to hear more of what you think.
While I really don't think you will grow to love this forum I would like to hear more of what you think.
Are ya feeling a bit lonely, Floyd? :lol:
Feb 1, 2014 14:56:56 #
Feb 1, 2014 15:30:22 #
Floyd Brown wrote:
I take your word for it that the are facts & t***h here but maybe there is to much of each to sort out.
That's very true Floyd. Endeavoring to find ANY facts within all the Liberal BS is very time consuming. :lol:
Feb 1, 2014 16:35:28 #
Old_Gringo wrote:
Fact.. Obama has increased the National Debt, in five years, more than all other Presidents combined.
First, Bush created the two unsuccessful wars in Iraq and Afghanistan. Obama successfully found Osama bin Laden, allowing him to end the war in Afghanistan. He also ended the Iraq War.
The second biggest difference is that Bush did not regulate banks' use of derivatives, thus creating the 2008 financial crisis. Obama pushed through the Dodd-Frank Wall Street Reform Act, which does regulate banks. In addition, it regulates credit, debit and prepaid cards and ended payday loans with the Consumer Financial Protection Agency.
Feb 1, 2014 16:36:17 #
szalman60 wrote:
First, Bush created the two unsuccessful wars in I... (show quote)
First, both Bush and Obama used expansionary fiscal policy to combat recessions by stimulating economic growth. As a result, they were the biggest contributors to the Federal debt. Bush added $5.8 trillion, while Obama added $5 trillion by the end of FY 2013. For more, see Debt by President.
Feb 1, 2014 16:37:45 #
szalman60 wrote:
First, both Bush and Obama used expansionary fiscal policy to combat recessions by stimulating economic growth. As a result, they were the biggest contributors to the Federal debt. Bush added $5.8 trillion, while Obama added $5 trillion by the end of FY 2013. For more, see Debt by President.
Although both President's used expansionary fiscal policy, Obama passed the Economic Stimulus Act. This powerfully created jobs through education and infrastructure, ending the recession in 2009. Bush used tax cuts, which aren't as effective in creating jobs. For more, see Unemployment Solutions.
Bush also spent $350 billion to save the banks with TARP, but did nothing for homeowners. Obama used TARP funds to subsidize homeowners stuck with upside-down mortgages.
As for health care, Bush passed the 2005 Bankruptcy Prevention Act. This made it difficult for people to declare bankruptcy, so they took money out of their home equity instead. After the Act was passed, mortgage defaults rose 14% per year. The number #1 cause of bankruptcy is medical costs(Source, NBER, Did Bankruptcy Reform Act Cause Mortgage Delinquency to Rise?, March 2010)
In addition, he created the Medicare Part D prescription drug program, which left a "donut hole" in costs to seniors. It also added $550 billion to the debt. (Source: Health and Human Services, Report of the Trustees, 2009
Feb 1, 2014 16:39:33 #
Feb 1, 2014 16:40:10 #
szalman60 wrote:
First, Bush created the two unsuccessful wars in I... (show quote)
Hahahaha. How and where did Obama "find" bin Ladin? I was under the impression it was Seal Team Six, aided by intelligence put into operation by GWB.
Feb 1, 2014 16:40:58 #
szalman60 wrote:
First, Bush created the two unsuccessful wars in I... (show quote)
Was the taxpayer really out $700 billion? No, since Congress only authorized $350 billion to be lent out in 2008. The other $350 billion was saved for the new President when he took office in 2009. Obama never used the TARP funds to further bail out banks. Instead, he launched the $787 billion Economic Stimulus package. Second, the government bought bank stocks when the prices were depressed and sold later, when prices were higher. By 2012, banks had repaid $292 billion of TARP funds, leaving only $120 billion still outstanding. These funds were used for the HARP program, to help homeowners facing foreclosure. Third, the bill required the President to develop a plan to rec**p losses from the financial industry if needed.
For an explanation of the events that led to the crisis, read Financial Crisis Timeline, Could the Mortgage Crisis and Bailout Have Been Prevented?, and What Was the Global Financial Crisis of 2008?
Feb 1, 2014 16:42:37 #
American wrote:
Go to the US treasurey for facts! Now that's funny!
http://2.bp.blogspot.com/-1IQxa_cmvB8/TxYQIOLXo3I/AAAAAAAAEck/tTX55Cxn154/s1600/jobsunemployment-bush-v-obama.jpg
Feb 1, 2014 16:43:54 #
Comment
Loc: California
szalman60 wrote:
While you suggest that this site has facts and figures,,, its full of conjecture and one sided ideological opinion.
If I wanted to hear this crap,, I could have saved the time and just turned on the FOX.
Please unsubscribe me as fast as you can
If I wanted to hear this crap,, I could have saved the time and just turned on the FOX.
Please unsubscribe me as fast as you can
We won't miss you, at least I won't :lol: :lol: :lol: Don't let the door hit you in the azz while leaving.
Feb 1, 2014 16:44:02 #
szalman60 wrote:
http://2.bp.blogspot.com/-1IQxa_cmvB8/TxYQIOLXo3I/AAAAAAAAEck/tTX55Cxn154/s1600/jobsunemployment-bush-v-obama.jpg
American are you r****ded? that's a sincere question,,,,, where would you suggest I get historical data ???
Feb 1, 2014 16:45:41 #
szalman60 wrote:
Was the taxpayer really out $700 billion? No, sinc... (show quote)
You have been sorely ill advised in your premises of "facts", in addition to being uninformed.
Feb 1, 2014 16:46:18 #
szalman60 wrote:
First, Bush created the two unsuccessful wars in I... (show quote)
Signs of the subprime mortgage crisis first appeared by November 2006, when the Commerce Department reported that new home permits dropped 28% from the year before.
Feb 1, 2014 16:47:49 #
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