The effects of the Obama economy

[Reel Fanatic]

This is an oldy but it sure smacks of the road we're on...

http://www.youtube.com/watch?v=qz3UzldBKjQ

[longfisher]

I book no praise for Obama's handling of the economic mess that Bush left the nation in. I hated to see Obama continue so many policies of the discredited Republican administration the preceded his.

But I want to remind all that this latest, greatest recessionary crisis started in August 2007 with the troubles of Lehman Bros. and culminated in a catastrophe or epic proportions with tne near failure of the the U.S. and potentially the world financial system. The events that lead to today's difficulties happened on a Republican watch, specifically that dumbass G. W. Bush's watch.

So, I think it's hardly fair to label our mess the Obama Economy when Bush left him a perfect mess with which to deal. Some of you seem perfectly demented with substantial memory loss of the financial straits that haunt us from eight years of Republican rule.

However, I will say that as the months drag on with little perceptible change in the status quo but for rich, fat-cat bankers making billions again I'm becoming more and more inclined towards disenchantment with Obama. It's terrible that Bush left him with such damned horrible mess. It's also terrible if an American president can't rise to the occasion.

LongFisher

[clt_capt]

So - It is GW's fault that people who couldn't afford to purchase homes got mortgages that they never had a chance of repaying?

[longfisher]

So - It is GW's fault that people who couldn't afford to purchase homes got mortgages that they never had a chance of repaying?

...So - It is Obama's fault that people who couldn't afford to purchase homes got mortgages that they never had a chance of repaying?

Which is the implication of RF's calling this economic mess the Obama Economy.

I hold politicians responsible for what happens on their watch. GW Bush Administration is responsible for the greatest

1) Terrorist attack ever to occur on U.S. soil.

2) The most incredibly incompetent response to a natural disaster which literally sunk a great American city and

3) The onset of the greatest recession experienced in America since the Great Depression.

I'll similarly hold Obama to account if he doesn't show results.

But what I won't do if Obama hands off this same mess to an incoming administration of any party is to blame the incoming administration for Obama's shortcomings as many of you guys seem to do for Bush's shortcomings.

LongFisher

[Docked Wages]

...So - It is Obama's fault that people who couldn't afford to purchase homes got mortgages that they never had a chance of repaying?

Which is the implication of RF's calling this economic mess the Obama Economy.

I hold politicians responsible for what happens on their watch. GW Bush Administration is responsible for the greatest

1) Terrorist attack ever to occur on U.S. soil.

2) The most incredibly incompetent response to a natural disaster which literally sunk a great American city and

3) The onset of the greatest recession experienced in America since the Great Depression.

I'll similarly hold Obama to account if he doesn't show results.

But what I won't do if Obama hands off this same mess to an incoming administration of any party is to blame the incoming administration for Obama's shortcomings as many of you guys seem to do for Bush's shortcomings.

LongFisher

Perhaps I'm missing something here... Didn't all this mess begin with the early GW Bush days? As in, thanks to Clinton's military spending cutbacks (read: 9/11) and his democratic stance that everyone should own a home (yes, even anyone with a 500 credit score)?

Bush was handed a bag of flaming poop the day he walked in the door. Yes he spent a lot of money on a war and tax breaks. Unfortunately he didn't stomp out the flames on the bag of poo, he just passed it to the next SOB standing in line...

[clt_capt]

As in, thanks to Clinton's military spending cutbacks (read: 9/11) and his democratic stance that everyone should own a home (yes, even anyone with a 500 credit score)?

Ding Ding - I think we have a winner - Easy credit for Homebuyers, and a failure to properly oversee the lenders...

If I'm a lender and I have a bunch of questionable loans - I'm gonna try to sell them as quickly as possible... and if the government lets me roll those questionable assets into AAA Bonds - I'm going on a dumping spree...

[longfisher]

I see I've successfully shifted this thread away from blaming the newest nincompoop in the presidency to those who preceded him. That's as it should be.

Its' absolutely true that regulatory changes during the Clinton years which removed substantial oversight of the financial industry were the seed for the current crisis.

It's also true that Bush's freewheeling spending without even attempting to pay for things (I warmed to thinking he was a closet Democrat) and his two unnecessary wars predisposed our economy to crash in the last two years of his presidency.

It's also going to turn out to be true, I think, that Obama's decision to spend ourselves out of this debacle will

1) devalue the dollar and jack up inflation (I'm buying gold shares and VIPSX fund, if you want a tip).

2) Jepoardize our credit standing

3) Prevent other nations from so willingly buying U.S. debt

4) End up in a double dip recession or depression

5) result in the further disintegration of the American middle class and concentrate wealth like never before in the hands of the rich elites

6) cause social disturbances that will make the tea party movement with all their guns, hate, and bigotry look more like a poorly done Saturday Night Live skit.

Successive, sequential mismangement is why I dislike both parties. But I'll admit I dislike the Republican the worst. They're the ones who go around threatening people all the time and questioning people's patriotism because they disagree with the far right-wing nut case crap the Repugs spew.

Hey, Repubs, disagreeing with you (or anyone for that matter) is what is called FREEDOM!!!!!

LongFisher

[Deep C]

I'm gonna guess that Longfisher is in this thread ( I have him blocked and can't see). No doubt spewing anti Bush bullshit while trying to pretend to be "anti Obama" at the same time. I'm gonna guess that he'll give a pass to Clinton where this mess began then rail against Bush some more.
In doing so he'll stammer on about loss of freedoms... Well right now we are experiencing the greatest losses of freedoms the American people have faced since our inception. Go ahead take a look at todays top story. The adminsitration will not permit any more public comment on the fisheries???
Changing the very foundation on how the senate works. (Just get me 50 + Biden).Threateneing anyone in their party who opposes the annointed one. Look at the unprecedented number of people resigning from their elected positions... Coincidence? Who's the drop out of the day today? Some guy named Massa? You think he's walkin cause he talked dirty to some guy? Or could it be that because he's anti health care and said so that by some micale this just popped into play? My furry ass!

I have always made it a practice to bite my tongue about shortcommings of a sitting president but our current one is the antichrist himself... Possible the best thing to ever happen to Republicans cause everything he touches turns to shit and its pure poison to all those who allign with him. Our biggest problem is getting through the next three years until he gets kicked to the sidewalk. How long is it gonna take to undo the dammage that he's already done?

[longfisher]

...there's nobility in condemning words that weren't said (or posted, as the case might be).

His hubris is so great and his ego so insecure that he's afraid to hear (or read, as the case might be) words from those who regularly disagree with him. It's my understanding from the comments of Admin that there are many more than just me who disagree with him and that those disagreements have spanned the width and depth of many topics, not just politics.

It's a fool who invents a false foil against which to rail. That foolishness reaches the level of perfection when the fool rails against a false foil in public for all to see.

LongFisher

[Reel Fanatic]

Long-

Please write in normal words. You sound like you're trying to put together dialogue for Dr. Evil in the next Austin Powers movie.

I just thought the movie clip was funny and paralleled the current road we're going down...socialism and the loss of right-to-work laws.

OK, so Bush spent a lot of money. The current administration has quadrupled that in the first year. Since when is it logical that a government, corporation, or individual can spend their way out of debt? It defies all logic.

If the guys that were demonized during the Bush years were truly at fault (remember the Wall Street robber barons as they were referred to), then why hasn't BoBo gone after them and their bonuses with the same ferocity as he has other industries? Instead, he goes after car companies, insurance companies, energy companies, Rush Limbaugh and Sean Hannity, the fishing industry (recreational and commercial), the healthcare industry, and anyone who went to a teaparty protest?

For the record, Teapartiers aren't racist, bigots, homophobes, and hate-filled people. They see their country sliding into a hell hole called socialism and they don't have a voice in Washington. There is no such thing as a moderate Jackass-o-crat in Washington anymore. You either tote the party line or risk losing everything in a very public and humiliating way. I don't think much of Mr. Massa's politics but he's being investigated for an ethics violation based on the inappropriate use of profanity which might be considered to be sexual harassment by some.... I guess if he were willing to tote the party line on this healthcare debacle, his offense wouldn't have risen to level of concern that it has become.

BoBo Obama voted for every spending package that came down the pipeline during his brief and lack-luster career as a senator so he owns this economy as well. His actions that are adversely affecting way too many facets of the private sector are scary as hell. If Bush owned terrorism 7 months into the job, Obama can certainly step up to the plate after 14 months. If not now, when will it become his economy? Are we supposed to wait until someone more competent takes office and then award BoBo the prize for fixing things because he thought about trying...

I thought his whole first year was about creating jobs...Now he says he will make jobs his priority for this coming year. I guess that's why we lost so many jobs last year...BoBo was focused on extravagant trips, vacations, trying to arrange meetings without preconditions with terrorists, apologizing for the world's great satan (the USA) so that terrorists would lay down their bombs, AK-47's, and missile launchers and make peace with us. Furthermore, rogue nations like Iran and North Korea would cease their relentless quest for nuclear technology and become one with the global community....How did that work? Not too good.

Say what you will about the previous administration but at least they weren't dangerously stupid or naive (at the very least) or sinister at the very worst. The current administration could possibly be all of that and worse.