Deranged Rhino Posted May 4, 2016 Share Posted May 4, 2016 You said it, I never did Link to comment Share on other sites More sharing options...
Chef Jim Posted May 4, 2016 Share Posted May 4, 2016 That does not matter. He will get judged for how the economy performed under his presidency, just like Obama. Might not be fair, but Bush's economy was in the toilet by the end of his second term. How you like that answer Fred Astaire couldn't have done better. I'm not asking about how he will be judged I'm asking about why YOU feel HE left us in a NEAR DEPRESSION. That was what you said after all. So....try again. Link to comment Share on other sites More sharing options...
Tiberius Posted May 4, 2016 Share Posted May 4, 2016 Fred Astaire couldn't have done better. I'm not asking about how he will be judged I'm asking about why YOU feel HE left us in a NEAR DEPRESSION. That was what you said after all. So....try again. He was President when we almost went over the cliff. You think he had nothing to do with that, I gather? Link to comment Share on other sites More sharing options...
keepthefaith Posted May 4, 2016 Share Posted May 4, 2016 He was President when we almost went over the cliff. You think he had nothing to do with that, I gather? What did Bush do that contributed to the economy going over the cliff? Link to comment Share on other sites More sharing options...
Tiberius Posted May 4, 2016 Share Posted May 4, 2016 What did Bush do that contributed to the economy going over the cliff? He fiddled while the system ran wild and did nothing to show regulatory leadership. A good president would have fought harder to reel in the predatory lending and corruption. But Bush didn't Link to comment Share on other sites More sharing options...
keepthefaith Posted May 4, 2016 Share Posted May 4, 2016 He fiddled while the system ran wild and did nothing to show regulatory leadership. A good president would have fought harder to reel in the predatory lending and corruption. But Bush didn't Seems as though the Bush Admin warned congress many times about weaknesses in the mortgage system and of course there is that famous Maxine Waters stuff that we are all familiar with. Here's a summary of warnings issued by the Bush Admin. 17 of them. https://nicedeb.wordpress.com/2008/09/21/the-white-house-warned-congress-about-fannie-mae-freddie-mac-17-times-in-2008-alone/ Link to comment Share on other sites More sharing options...
Deranged Rhino Posted May 4, 2016 Share Posted May 4, 2016 He fiddled while the system ran wild and did nothing to show regulatory leadership. A good president would have fought harder to reel in the predatory lending and corruption. But Bush didn't Link to comment Share on other sites More sharing options...
B-Man Posted May 4, 2016 Share Posted May 4, 2016 (edited) Gross Domestic Product: The recession ended in June 2009. Obama's recovery, according to the Joint Economic Committee, averaged an inflation-adjusted GDP growth of 2.2 percent over the next 25 quarters. The average recovery following post-1960 economic slowdowns, which lasted more than 12 months, is 3.9 percent, and under President Ronald Reagan it was 4.8 percent. President Obama will be the first president to reign over a recovery in which not a single year's economy grew at least 3 percent. Jobs: During this recovery, private-sector jobs grew 11.6 percent. According to the Congressional Joint Economic Committee., the private-sector job growth under the average recovery is 17.0 percent. Under Ronald Reagan, average job growth was 23.6 percent. The national debt: When Obama entered the White House, the federal debt stood at $10 trillion. Federal debt, according to the summary tables in the last budget Obama submitted -- which runs through September 30, 2017 -- will be over $20 trillion. Reminder........these polls that show Hillary over ten points ahead of Trump, there is only ONE category that they give him the edge The economy. How will that play out.......... . Edited May 4, 2016 by B-Man Link to comment Share on other sites More sharing options...
Tiberius Posted May 4, 2016 Share Posted May 4, 2016 Seems as though the Bush Admin warned congress many times about weaknesses in the mortgage system and of course there is that famous Maxine Waters stuff that we are all familiar with. Here's a summary of warnings issued by the Bush Admin. 17 of them. https://nicedeb.wordpress.com/2008/09/21/the-white-house-warned-congress-about-fannie-mae-freddie-mac-17-times-in-2008-alone/ Excellent, so Congress has more power over economy than Presidents do? Think about that for a minute, ok? Link to comment Share on other sites More sharing options...
Deranged Rhino Posted May 4, 2016 Share Posted May 4, 2016 Link to comment Share on other sites More sharing options...
Tiberius Posted May 4, 2016 Share Posted May 4, 2016 Gross Domestic Product: The recession ended in June 2009. Obama's recovery, according to the Joint Economic Committee, averaged an inflation-adjusted GDP growth of 2.2 percent over the next 25 quarters. The average recovery following post-1960 economic slowdowns, which lasted more than 12 months, is 3.9 percent, and under President Ronald Reagan it was 4.8 percent. President Obama will be the first president to reign over a recovery in which not a single year's economy grew at least 3 percent. Stupid to compare this global economy to cold war economies. Everyone--well, not you--knows China and Europe, our trading partners are not doing well. Link to comment Share on other sites More sharing options...
Deranged Rhino Posted May 4, 2016 Share Posted May 4, 2016 Link to comment Share on other sites More sharing options...
Tiberius Posted May 4, 2016 Share Posted May 4, 2016 Jobs: During this recovery, private-sector jobs grew 11.6 percent. According to the Congressional Joint Economic Committee., the private-sector job growth under the average recovery is 17.0 percent. Under Ronald Reagan, average job growth was 23.6 percent. Again, different eras, different situations. Bet there were more factory jobs during Reagan's presidency. Does that mean Obama is failing? Link to comment Share on other sites More sharing options...
Deranged Rhino Posted May 4, 2016 Share Posted May 4, 2016 Link to comment Share on other sites More sharing options...
Tiberius Posted May 4, 2016 Share Posted May 4, 2016 The national debt: When Obama entered the White House, the federal debt stood at $10 trillion. Federal debt, according to the summary tables in the last budget Obama submitted -- which runs through September 30, 2017 -- will be over $20 trillion. Yup, when faced with a recession, unemployment or sagging economy, you borrow and prop up consumer spending. So no surprise there I'll tell ya what, had Obama listened to the GOP and not run deficits, we would be in economic hell now Link to comment Share on other sites More sharing options...
Deranged Rhino Posted May 4, 2016 Share Posted May 4, 2016 Link to comment Share on other sites More sharing options...
ALF Posted May 4, 2016 Share Posted May 4, 2016 National debt was under $1T when Carter left office , did trickle down , supply side economics work? Link to comment Share on other sites More sharing options...
Tiberius Posted May 4, 2016 Share Posted May 4, 2016 National debt was under $1T when Carter left office , did trickle down , supply side economics work? And deregulation. After Reagan's Revolution we had savings and loan in 1984, Black Monday in '87, Dotcom bubble and then housing bubble. Link to comment Share on other sites More sharing options...
Deranged Rhino Posted May 4, 2016 Share Posted May 4, 2016 Link to comment Share on other sites More sharing options...
ALF Posted May 4, 2016 Share Posted May 4, 2016 (edited) And deregulation. After Reagan's Revolution we had savings and loan in 1984, Black Monday in '87, Dotcom bubble and then housing bubble. Very true , good point Unfair trade agreements and multi trillion $ wars that were not necessary Edited May 4, 2016 by ALF Link to comment Share on other sites More sharing options...
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