Europe : Recession Over ? - Page 2

kdelong · #16 08-14.-2009

Quote:

Originally Posted by jhuskey

You only read into my post what you you wanted to read into it. I'll give anyone a fair shot I just don't see any logic in what he is doing, I see the same special favors to special interest only the name have changed but I agree to be done also and we can comment say... next July. That will give everyone better picture of what is going on.

At least TZ read your post. He responed to mine but I doubt that he read it. He thinks that I am some sort of rabid Bush supporter and he couldn't be more wrong. I too, am willing to support any one who earns my support, be they black, white, or any color of the rainbow. Race does not matter. What matters is if he can do the job and BO has not proved himself capable of that yet. I'll support him if his performance improves, but a lot of that depends upon Congress. Shouldn't be a problem though because the Dems have a huge majority, but many of them are worried where they will be after their next campaign.

**limerickman** · #17 08-14.-2009

Quote:

Originally Posted by kdelong

Regardless of what most people think, here in the US it is Congress that is responsible for what spending takes place or does not take place (hence, the economy). The President only signs the bills he agrees with and vetoes the bills he opposes. Congress can still over ride the veto with enough votes though. What has really screwed things up are the damned "earmarks". This is additional funding for pet projects that are added to the bill and are not debated at all. They pass if the bill passes and fail if the bill fails. If you want to fund a questionable project, you only need to attach it as an earmark to a popular bill and it will be funded. The President could veto it to kill the earmark but then would be accused of being against the popular part of the bill, not the earmark. This is why Bush pushed for the Line Item Veto, so he could kill earmarks without losing a good bill..

And who controlled Congress between 2000 - 2006?

Quote:

Originally Posted by kdelong

The Democratic Congress would not pass it, mostly because they were doing everything that they could to torpedoe Bush's Republican Presidency. Obama promised in his campaign speeches that he would not approve any bill that had earmarks in it, however he approved his $800,000,000,000 (rounded off) stimulus plan which had 9,000 earmarks in it! He also promised that the unemployment rate would not rise above 8% if the stimulus plan was approved. It is nearly 10% now. It is clear to me that we have another liar in the White House and it is time to clean house by not electing any Democrats or Republicans but only independent or third party candidates. .

Hold on a second here : what else could President Obama do?
Your economy virtually imploded between Aug 2007 and Dec 2008.
AIG was bankrupt, Bearn Stearns, Lehmans, GM, Chrysler, Fannie Mae, Freddie Mac..........the list goes on, were all imploded during that time scale.
The ripples from those implosions started to move out in to the general economy.

Underpining all of this, resulted from the absolutely reckless stewardship of the fundamentals by the likes of Greenspam etc.
His deliberate policy of opposing regulation in the financial markets, his dleiberate and willfull decision to artificially depreciate the dollar - have been proven to be disasterous for your economy.

I might add that Henry Paulson also advocated a large stimulus package to Obama's predecessor.

Quote:

Originally Posted by kdelong

As for Clinton turning the economy around, it looked good on paper but they badly cooked the books (re: Enron). The Clinton term is partly to blame for the mess we are in. A lot of the policies that were passed during his time in office came to fruition during "W"s presidency. Old "W" just made them worse.

I think that is slightly unfair to Clinton : Clinton handed over to Bush an economy which had a trade surplus, a balance of payments surplus, an historic low unemployment rate, a budget surplus.
None of which had anything to do with Enron.

For the record, I advocate European model - as a European.

**limerickman** · #18 08-14.-2009

You Americans should come home to Europe

tonyzackery · #19 08-15.-2009

Quote:

Originally Posted by limerickman

And who controlled Congress between 2000 - 2006?

Hold on a second here : what else could President Obama do?
Your economy virtually imploded between Aug 2007 and Dec 2008.
AIG was bankrupt, Bearn Stearns, Lehmans, GM, Chrysler, Fannie Mae, Freddie Mac..........the list goes on, were all imploded during that time scale.
The ripples from those implosions started to move out in to the general economy.

Underpining all of this, resulted from the absolutely reckless stewardship of the fundamentals by the likes of Greenspam etc.
His deliberate policy of opposing regulation in the financial markets, his dleiberate and willfull decision to artificially depreciate the dollar - have been proven to be disasterous for your economy.

I might add that Henry Paulson also advocated a large stimulus package to Obama's predecessor.

I think that is slightly unfair to Clinton : Clinton handed over to Bush an economy which had a trade surplus, a balance of payments surplus, an historic low unemployment rate, a budget surplus.
None of which had anything to do with Enron.

Dammit, Lim, you should know better than bring a few facts to a fiction party!

**steve** · #20 08-18.-2009

This is a really good read if your into chart p0rn

Nathan's Economic Edge: The Week in Charts – Buckle the Heck Up!

regards

**jhuskey** · #21 08-18.-2009

Things are so bad here that jury duty is now considered long term high payed employment.
You get a free bank with the purchase of a toaster.
I have received 3 letters of predeclined credit cards this week alone.
Long term health care is a full bottle of aspirin and a box of band aids.
When I get a notice from my bank of insufficient funds I call to find out if it is them or me.

**steve** · #22 08-18.-2009

Quote:

Originally Posted by jhuskey

When I get a notice from my bank of insufficient funds I call to find out if it is them or me.

haha I like that one, its pretty damn funny

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