chicowalker

13, did Bush's / the Republicans' policies cause the disastrous economy Obama inherited?

patsfan13

What Logic?

See if one is to change a law one has to define what 'short term' is. What would be YOUR definition. the length of benefits have been extended 3 times (IIRC) from 26 weeks to the current 99 weeks.


Simply put how long should they be? 150 weeks? 500 weeks? 1000 weeks?


Why can't anyone provide an answer.

__________________
"Some guys play in all-star games, some guys don't. I don't know who picks all those all-star teams. In all honesty, I don't know who picks the combine, for that matter," Belichick said. "How does (Miami-Ohio offensive lineman Brandon) Brooks not get invited to the combine? How did Vollmer not get invited to the combine? I don't know. We can't really worry about that. We just have to try to evaluate them the best we can."

patsfan13

THe so called stimulus was passed very shortly after he assumed office. He supported TARP, the bailouts of GM and Chrysler were within a couple months of entering office. Germany who resisted spending money is recovering with declining unemployment, meanwhile unemployment in the US is increasing. The President and his economic team claimed unemployment would rise all the way to 8.3% if their policies weren't put in place. Most economist agreed, that employment would rise to 8.3% them decline as the economy recovered.

However instead the Obama/dem plan was put in place and unemployment is now at 9.8%, whereas in Germany unemployment is at 7%, now since Reagan Germany has always had > unemployment rates than the US, not so with the Obozonomics in place.


Regardless of the cause (Due to Bush unwillingness to veto the spending of the Pelosi/Reid congress which cause the deficit to skyrocket and not clamping down on CRA and Freddie/Frannie), Obama claimed his policies would help the economy instead he has made the situation worse and stopped the sort of recovery one see as part of the economic cycle.

__________________
"Some guys play in all-star games, some guys don't. I don't know who picks all those all-star teams. In all honesty, I don't know who picks the combine, for that matter," Belichick said. "How does (Miami-Ohio offensive lineman Brandon) Brooks not get invited to the combine? How did Vollmer not get invited to the combine? I don't know. We can't really worry about that. We just have to try to evaluate them the best we can."

scout

Go back and read my posts, and then answer one question: Should the Republicans not extend unemployment (short-term) and continue the tax cut for $250,000 and above?

chicowalker

Your post here is absolutely muddled. You really need to try to pick a point, make clear what it is, support it and then move on.

Since I have no idea what you're trying to say at this point except that you don't like Obama, I'll just throw out a few random comments in response:

You can't say "regardless of the cause" and then that he has "made the situation worse." Pick one. If it's the latter, we can then discuss causality yet again...

What were tax rates under the right's God Reagan? What was spending?

Republicans talking about fiscal restraint sound like morons. Republicans holding up Reagan as a model of fiscal restraint or low taxes sound like morons.

What was spending like during Bush / Republican congress, since you try to pass even your middling blame of Bush off on the Dems?

Also, is Germany the economy you want to emulate? Really?

and "Obozonomics"? you sound like a child.

Stokes

Couple points here.

1. I'm not sure why those opposed are referring to this as a "tax cut." The Republican plan is to leave tax rates at their current levels, not cut them further. Is it a good idea to raise taxes in a struggling economy? Without any new deal allowing the Bush tax cuts to expire will amount to a middle class tax hike, as well as a hike on small business owners that file as individuals and make more than $250K. To me that's a bad idea. I personally would like to see a stronger recovery before we raise taxes on anyone. I think we've seen in the past that raising taxes in a growing economy isn't really detrimental (Clinton did so in '93 and growth continued, although it really got going in '97 when he cut taxes again), but I would reserve that kind of action for when we're already seeing steady 3-5% growth (I think we're at about 2% right now).

2. Didn't anyone notice the other half of what the Republicans asked for? That the Dems actually fund the Federal Government? Isn't that kind of important? They've acted on this now, at least temporarily, with funding through Dec 18th as I understand.

Isn't it a good thing that the Republicans are trying to push action on issues that require immediate attention such as an impending tax hike and no deal of gov't funding rather than things that can wait until the next session like DADT?

Here's an older article about the possible effects the increase might have on small business owners that file individually and how many of them there are:

Bush tax cuts: Parsing the debate about small business - Sep. 20, 2010
The article says the group that would be affected represents 3% of taxpayers, or ~750,000 people, and account for $500 billion in revenue. I was shocked by those numbers!

Obama has tried to address the issue with the small business act (summarized in the link below), but there's nothing in there to solve this tax increase issue.

Small Business Jobs Act of 2010 Offers Tax Incentives for Businesses of All Sizes and Individuals - Economic Recovery Resource Center

One final point "obstructionism" is otherwise known as "the way legislative bodies have always worked except we don't like it when it happens to us." In 2001 The Bush admin and Republicans in Congress worked with the Dem minority on a compromise bill that 12 Democrats in the Senate voted for. Let's hope for the same kind of work from Obama and the Dems now that the shoe is on the other foot.

Stokes

Just an update here, rather than "obstructionism" it looks from Mitch McConnell's comments that there is a deal being struck that will allow no tax cuts to expire while at the same time still extending unemployment benefits. I am cool with this.

Senate's GOP leader says tax cuts will be extended - Boston.com

Harry Boy

Could be but this a$s hole Obama is leaving plenty of his own ***** for the next President to inherit, if things are to hot for Jug Ears to handle he should take the next helicopter out like Nixon did.

__________________
Harry Boy (Genius)

In The Absence Of Law And Order Society Will Surely Destroy Itself

chicowalker

Funny how drones on the right talk make references to impeachment, after all their wailing about anybody who dared to speak out against Bush DURING A TIME OF WAR!

Imagine if Bush had spared us and done just that himself...

Anyway, I'm sure when Obama leaves office, if it's in 2 years and he's replaced with a Repub, folks like you will be back to being A-OK with all the stuff you complain about now, just like you were fine with it for the past 2 terms.