Recession

[Darbex]

Based on your post everything was good during Bush terms?

So show me where I said in my posts that it was all good during Bush's term? I did say that we experienced great growth for 7 years under Bush. But if you look I said there was a crash from 2000-2001, which if memory serves me correct 2001 was when Bush was in office. There was a market crash in 2008-present, which again if memory serves me it started in 2008 which is Bush's term. Now I dont think the later was his fault it was the fault of Chris Dodd and Barney Frank, however, I also dont think Bush pushed his agenda hard enough to fix the problems those two were creating. So he gets a nick in for it. Almost ever president has had troubled economic times during their watch. What makes a president is whether he can steer us out of those times effectively without destroying the country. And Obama has not proved he is up for the task considering we are 20 months into his term and the recession has not stopped with unemployment still 10% based on the fuzzy math, which is the same fuzzy math Clinton used to calculate his surplus. For Bush's credit the 2000 crash lasted just over a year under Bush and he was hit with the worst terrorist attack on the financial capital of America.

[Darbex]

And those same 70% supported a war based on a lie. Which in turn lead us into a deeper national debt. A debt that one man almost double in 8 years.

And Obama is running a deficit that is more than Bush's whole term

[Delock]

So show me where I said in my posts that it was all good during Bush's term? I did say that we experienced great growth for 7 years under Bush. But if you look I said there was a crash from 2000-2001, which if memory serves me correct 2001 was when Bush was in office. There was a market crash in 2008-present, which again if memory serves me it started in 2008 which is Bush's term. Now I dont think the later was his fault it was the fault of Chris Dodd and Barney Frank, however, I also dont think Bush pushed his agenda hard enough to fix the problems those two were creating. So he gets a nick in for it. Almost ever president has had troubled economic times during their watch. What makes a president is whether he can steer us out of those times effectively without destroying the country. And Obama has not proved he is up for the task considering we are 20 months into his term and the recession has not stopped with unemployment still 10% based on the fuzzy math, which is the same fuzzy math Clinton used to calculate his surplus. For Bush's credit the 2000 crash lasted just over a year under Bush and he was hit with the worst terrorist attack on the financial capital of America.

Give me a moment....I will be right back

[jeebus]

It probably had NOTHING to do with the ARM's coming due and collapsing the market. We're in more debt because of two wars, but we're in a recession because Democrats in the 90's felt it prudent to see that every American got their own McMansion, no matter how much the cost.

Oh man, I couldn't have timed it better:

http://www.americanthinker.com/2010/08/iraq_the_war_that_broke_us_not.html

[ImaGuyGeek]

I also love how all the corporate corruption of wall street is Bush's fault but let us not forget all the corporate corruption that occurred during Clinton's reign then collapsed the market at the end of Clinton/beginning of Bush. Anyone remember Enron, MCI, etc...

I don't remember Bush once blaming Clinton for the stock market crash, 9/11 or the economic downturn he inherited. He did what a real man does and took ownership of the problems.

[jeebus]

Give me a moment....I will be right back

You never came back.

[wesleydnunder]

I think a lot of what is happening now started with Clinton signing NAFTA. Our country lost thousands of manufacturing jobs, along with the tax revenues that went with the manufacturing plants that moved to Monterrey. Clinton then didn't have the SEC enforce existing laws to oversee what was going on with derivatives, sub-prime lending and credit default swaps. This lack of oversight carried over into the Bush administration. Remember also that "oil crisis" we had during the Bush tenure... when gas got up to 4 bucks a gallon? There was no crisis... this was greed, plain and simple and prices were being manipulated by traders and supplies to increase their profits. As Brian said, bubbles.

I find it ironic that the same folks who say that "Government doesn't create jobs, industry creates jobs" are some of the same folks saying that Obama isn't doing anything about unemployment. Honsetly, I don't think any man could have fixed this by now...no one. Yes, it got worse after Bush left office but that was because it hadn't hit bottom yet... it still hasn't. We're gonna be down a long time folks. Obama won't fix this. Maybe the next guy won't. There's a lot of belt-tightening that the federal gov't can do to stop spending but none of them, Republicans or Democrats are doing it.

Is this recession Bush's fault? Partly, just as it's partly Clinton's. Remeber, neither president was a world class economist. They relied on the people they hired to help set policy, as well as the corporations they were beholden to.

Mark

[Darbex]

I think if you had a real business man as a president I think it might not have gotten as bad. A business man with authority to change things to run profits would have cut the wasteful spending when revenue dropped. But we have politicians running the largest economy and most have no sense of running a business.

[ImaGuyGeek]

I think if you had a real business man as a president I think it might not have gotten as bad. A business man with authority to change things to run profits would have cut the wasteful spending when revenue dropped. But we have politicians running the largest economy and most have no sense of running a business.

That as well as the fact that our country is being run by Progressives and they abhor capitalism and all forms of profit except when it is going into their pockets.

[CichlidFan]

Ever seen the placard on Ron Pauls desk......it reads......

Don't steal, the government hates competition!

CF

[ImaGuyGeek]

Ever seen the placard on Ron Pauls desk......it reads......

Don't steal, the government hates competition!

CF

[Delock]

You never came back.

Important stuff came up...i didn't forget