tombrady wrote:
Glad to Dave , if you look at past recession statistics the recovery has been on par due to the severity . economist predicted based on previous recession data unemployment would not return to pre recession levels for 8 to 10 years so Obama has done well. I fully do not blame bush because it was a global recession but his wars and tax cuts resulted in the deficit we now have. OMB has estimated that 40% of the deficit is due to bush policies. Please note obama was against the war and bush taxes so he hardly is to blame. Also without his stimulus unemployment would be far worst. You spend your way out of recession . Borrowing money now is a great idea now. Why? Because it cost next to nothing to borrow money now. (.5%). Of course once the recovery is self sustaining then its time to pay of the deficit. It jut a shame that bush didnt show more restraint which makes the problem more severe
Glad to Dave , if you look at past recession stati... (
show quote)
Glad to Dave , if you look at past recession statistics the recovery has been on par due to the severity . economist predicted based on previous recession data unemployment would not return to pre recession levels for 8 to 10 years so Obama has done well
If you looked at the Reagan recovery you might find it far more successful than what you think is the "Obama" recovery.
I fully do not blame bush because it was a global recession but his wars and tax cuts resulted in the deficit we now have.
"Bush's" wars were done on a bi-partisan basis - and one of them has greatly been increased by Obama. If his tax cuts were so bad, why did Obama extend them two years and then make 98% of them permanent?
OMB has estimated that 40% of the deficit is due to bush policies. -
That leaves 60% due to somebody else - guess who?
Please note obama was against the war and bush taxes so he hardly is to blame.
Obama was not in a position to have a position on the Iraq war, but he certainly was not against the Afghanistan war and actually increased it. As to the Bush tax cuts, again, they expired at the end of 2010 - the two year extension and then the 98% being made permanent are the Obama tax cuts. Why do you think Obama tax cuts, almost exactly the same as Bush's, were good but Bush's bad?
Also without his stimulus unemployment would be far worst. You spend your way out of recession .
An opinion based on no evidence or historical validation.
Borrowing money now is a great idea now. Why? Because it cost next to nothing to borrow money now. (.5%). Of course once the recovery is self sustaining then its time to pay of the deficit
Do you have any idea why interest rate is so low? Do you think it will always stay that low? Do you understand that the federal debt is long term? Are you aware of what happens to the defict if interest rates rise, even by .5%?
It jut a shame that bush didnt show more restraint which makes the problem more severe
Are you aware that the Bush deficits were falling until the Democrats won control of both houses of Congress in '06, and that the last two years of Bush's term were on budgets controlled by that Congress, and they significantly increased the deficits, and Obama voted for them?
Tom, you strike me as a serious person trying to understand - that is why I'm taking the time to respond more comprehensively. You are right in suggesting Bush was not conservative enough, but off the rails by believing Obama's solution of going even further left is the correct one. I'd suggest you consider widening your sources of information - get opinions and facts from sources on both sides.