Obama Will Be Inheriting A GREAT Economy, From Lil' Dumbya!!

[mark francis]

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"Not only was the entire national deficit eliminated after raising taxes on the wealthy in 1993, but the economy grew so fast for the remainder of the decade that many conservative economists thought that the Fed should raise the prime interest rate in order to slow it down.".

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Bush Era Tax Cuts Didn't Fix Economy
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Tax Cuts Don't Boost Revenues
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View attachment 12610
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Political thieves and liars gaming the system for their own greedy personal gain keep rubes convinced that lowering the deficit by ballooning the debt is a good thing because the deficit is what is important, not the debt. The liars are wrong, of course. The health of the economy does not depend on the deficit, but the debt, and bent politicians never talk or worry about the debt.

 

[Boris Norris]

Political thieves and liars gaming the system for their own greedy personal gain keep rubes convinced that lowering the deficit by ballooning the debt is a good thing because the deficit is what is important, not the debt. The liars are wrong, of course. The health of the economy does not depend on the deficit, but the debt, and bent politicians never talk or worry about the debt.

You missed the point but that's normal.
No one cares what your warped view is. You know nothing.

Obama took on massive debt and problems from gwb and his GFC. It's a fact and he dragged the economy out of it.
Stay on topic.

 

[mark francis]

Obama took on massive debt and problems from gwb and his GFC. It's a fact and he dragged the economy out of it.
Stay on topic.

Obama was elected in 2008, the year banks collapsed primarily due to mistakes introduced by the Commodities Futures Modernization Act of 2000. Obama shared Congress' effort to save the economy by doubling the national debt, while using trillions of dollars of that borrowed money to patch up the deficit so they could spend more money.

 

[Boris Norris]

Obama was elected in 2008, the year banks collapsed primarily due to mistakes introduced by the Commodities Futures Modernization Act of 2000. Obama shared Congress' effort to save the economy by doubling the national debt, while using trillions of dollars of that borrowed money to patch up the deficit so they could spend more money.

Gwb is in record as saying "let the market sort it out".
He was bitterly opposed by the GOP who knew the serious nature of what he let happen.
Obama introduced
Keynes an used in the depression. Bearing in mind the economy was broke, where else would the money come from?

In fact, the deficit was under a billion when he left office. It was Trump who nearly doubled it.
Stop protecting the GOP. They oversaw the GFC and Obama rectified it. Gwb big tax cuts to the wealthy were the seeds that started it.

Economic Rescue, Recovery, and Rebuilding on a New Foundation

obamawhitehouse.archives.gov

 

[mark francis]

Gwb is in record as saying "let the market sort it out".
He was bitterly opposed by the GOP who knew the serious nature of what he let happen.
Obama introduced
Keynes an used in the depression. Bearing in mind the economy was broke, where else would the money come from?

In fact, the deficit was under a billion when he left office. It was Trump who nearly doubled it.
Stop protecting the GOP. They oversaw the GFC and Obama rectified it. Gwb big tax cuts to the wealthy were the seeds that started it.

Economic Rescue, Recovery, and Rebuilding on a New Foundation

obamawhitehouse.archives.gov

Obama doubled the debt while lowering the deficit. He apparently did not know how stupid focusing on the deficit is while exploding the debt.

 

[Boris Norris]

Obama doubled the debt while lowering the deficit. He apparently did not know how stupid focusing on the deficit is while exploding the debt.

What strategy do you think Obama should have taken to save the economy?
Let's see what economic skills god has gifted you.

 

[Phoenix68]

Obama was elected in 2008, the year banks collapsed primarily due to mistakes introduced by the Commodities Futures Modernization Act of 2000.

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Gee....you forgot to give a Republican-Texan credit for all that?????
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SEE: 4:45 thru 12:00
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[Phoenix68]

Obama doubled the debt while lowering the deficit. He apparently did not know how stupid focusing on the deficit is while exploding the debt.

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President Obama’s Policies RESURRECTED The Economy!!!!!!
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..................
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[mark francis]

What strategy do you think Obama should have taken to save the economy?
Let's see what economic skills god has gifted you.

He could have stopped sending billions of scare American tax dollars to Muslim terrorists around the world.

 

[Boris Norris]

He could have stopped sending billions of scare American tax dollars to Muslim terrorists around the world.

We've been over this before dickhead. You lost.

 

[mark francis]

We've been over this before dickhead. You lost.

America lost to crooks who stole the election by fraud and then jailed many who dared question the crooked results.

 

[Boris Norris]

America lost to crooks who stole the election by fraud and then jailed many who dared question the crooked results.

That's correct, according you only.
They were jailed for smashing the capital. It was an insurrection and they including Trump will pay dearly. Deal with it.

 

[Phoenix68]

I'm not a Bush fan, but next time somebody puts all the blame for this mess on him they should go back and look at this video from 4 years ago

Yes! 4 years ago. John McCain and the republicans tried to regulate all the financing companies and were told that everything is fine by democrats....

Can we really blame Bush for this dumb ass decisions.....?

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How amusing....2008....back when most people simply ignored the fairy-tales the Teabaggers were spinning....until Donald Trump made them more-useful.
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[Phoenix68]

America lost to crooks who stole the election by fraud and then jailed many who dared question the crooked results.

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Yeah....sure....and, Donald Trump is psychic.
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"Presidunce Donald Trump called into a television program Thursday night to warn of election fraud and assail Joe Biden just before his challenger was to accept the Democratic nomination."

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