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Re: Not surprised said by neowulf:I guess I am just tired of watching politics ruin this country, all in the name of a buck, which is losing value every day. The current debt.. that I will place at Obama's feet. (I'll kick some to Bush since he did the first bailout too). |
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| said by Uncle Paul:said by neowulf:I guess I am just tired of watching politics ruin this country, all in the name of a buck, which is losing value every day. The current debt.. that I will place at Obama's feet. (I'll kick some to Bush since he did the first bailout too). Some? See this article: »www.nytimes.com/2009/06/10/busin···tml?_r=1
Also see the sidebar graphic which depicts Clinton's, Bush's and Obama's contributions: »www.nytimes.com/interactive/2009···hic.html
What I think is funny is how Conservatives portray President Obama as too liberal. But, when he merely continued President Bush's stimulus, bailout and war spending, he's suddenly responsible for the current debt, and Bush only responsible for "some."
Mark |
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| said by amigo_boy:said by Uncle Paul:said by neowulf:I guess I am just tired of watching politics ruin this country, all in the name of a buck, which is losing value every day. The current debt.. that I will place at Obama's feet. (I'll kick some to Bush since he did the first bailout too). Some? See this article: » www.nytimes.com/2009/06/10/busin···tml?_r=1Also see the sidebar graphic which depicts Clinton's, Bush's and Obama's contributions: » www.nytimes.com/interactive/2009···hic.htmlWhat I think is funny is how Conservatives portray President Obama as too liberal. But, when he merely continued President Bush's stimulus, bailout and war spending, he's suddenly responsible for the current debt, and Bush only responsible for "some." Mark Bush was a free spender himself there's no doubt, but Obama took Bush's lead and added some juice. We're looking at a deficit not equaled since World War II.
I'm wondering, with the devaluation of the dollar oversees, the current debt and running deficits... how are we planning on fixing Social Security... you know that elephant's still in the room.
Obama needs to reverse the spending spree, not pile on. |
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1 edit | said by Uncle Paul:We're looking at a deficit not equaled since World War II. We're looking at an economic collapse not equaled since the Depression, which generated the deficit going into WWII.
said by Uncle Paul:I'm wondering, with the devaluation of the dollar oversees, the current debt and running deficits... how are we planning on fixing Social Security... you know that elephant's still in the room. Obama needs to reverse the spending spree, not pile on. The drop in the dollar's value (relative to foreign currencies) reduces the import deficit and helps US industry by making US products more affordable to other countries.
Other countries are contemplating intervention in their currencies to reduce this effect. They're looking at devaluing their own currencies to preserve their own export markets.
Re Soc. Sec. That's a two-edged sword. An incentive exists to stimulate the economy and get more workers paying taxes. The alternative to running up a debt (in the process of stimulating) isn't that good either.
Mark |
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