Topic: The Bush Deficit Bamboozle | |
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OK, even by contemporary standards, this is rich: the official Republican stance is now apparently that Bush left behind a budget that was in pretty good shape. Mitch McConnell:
The last year of the Bush administration, the deficit as a percentage of gross domestic product was 3.2 percent, well within the range of what most economists think is manageable. A year and a half later, it’s almost 10 percent. They really do think that we’re idiots. So, that 3.2 percent number comes from here (pdf). Where’s the bamboozle? Let me count the ways. First, they’re hoping that you won’t know that standard budget data is presented for fiscal years, which start on October 1 of the previous calendar year. So this isn’t the “last year of the Bush administration” — they’ve conveniently lopped off everything that happened post-Lehman — TARP and all. Second, they’re hoping you won’t look at what was happening quarter by quarter. Here’s net federal borrowing as a percentage of GDP, quarter by quarter, since 2007: ![]() Source Can we agree that the deficit in the first quarter of 2009 — Obama didn’t even take office until Jan. 20, the ARRA wasn’t even passed until Feb. 17, and essentially no stimulus funds had been spent — had nothing to do with Obama’s polices, and was entirely a Bush legacy? Yet the deficit had already surged to almost 9 percent of GDP. Even in 2009 II, Obama’s policies had barely begun to take effect, and the deficit was already over 10 percent of GDP. What this chart really tells us is what you should have known already: the deficit is overwhelmingly the result of the economic slump, not Obama policies. But the usual suspects want to fool you. I’d like to think that the raw dishonesty of this latest Bush defense would be obvious to everyone. But after the past decade, I’ve stopped believing such things. They think we’re idiots — and they may be right. |
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Not Me.
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just let it go, bush is gone now....concentrate on our liar in cheif now, not the loser that has been replaced, and not even in politics anymore... you have nothing to fear from bush anymore, he is gone, done, finished, and does not matter anymore....
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OK, even by contemporary standards, this is rich: the official Republican stance is now apparently that Bush left behind a budget that was in pretty good shape. Mitch McConnell: The last year of the Bush administration, the deficit as a percentage of gross domestic product was 3.2 percent, well within the range of what most economists think is manageable. A year and a half later, it’s almost 10 percent. They really do think that we’re idiots. So, that 3.2 percent number comes from here (pdf). Where’s the bamboozle? Let me count the ways. First, they’re hoping that you won’t know that standard budget data is presented for fiscal years, which start on October 1 of the previous calendar year. So this isn’t the “last year of the Bush administration” — they’ve conveniently lopped off everything that happened post-Lehman — TARP and all. Second, they’re hoping you won’t look at what was happening quarter by quarter. Here’s net federal borrowing as a percentage of GDP, quarter by quarter, since 2007: ![]() Source Can we agree that the deficit in the first quarter of 2009 — Obama didn’t even take office until Jan. 20, the ARRA wasn’t even passed until Feb. 17, and essentially no stimulus funds had been spent — had nothing to do with Obama’s polices, and was entirely a Bush legacy? Yet the deficit had already surged to almost 9 percent of GDP. Even in 2009 II, Obama’s policies had barely begun to take effect, and the deficit was already over 10 percent of GDP. What this chart really tells us is what you should have known already: the deficit is overwhelmingly the result of the economic slump, not Obama policies. But the usual suspects want to fool you. I’d like to think that the raw dishonesty of this latest Bush defense would be obvious to everyone. But after the past decade, I’ve stopped believing such things. They think we’re idiots — and they may be right. This is pretty good.. Notice the start of the graph is 2007 when the democrats took over the Congress. I am always reading that the republicans were able to thwart Obama and his policies at every turn while in a vast minority position. Yet this representation of the time the Democrats are in complete control of Congress with an unpopular lame duck President and it's not the congress that is to blame it's Bush.. Majority Congress .. No Blame.. Lame Duck Bush .. responsible Huge Majority Congress and the White House... No blame.. Minority in congress and a president out of office 2 years.. responsible This is rich.. |
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![]() ![]() Like Obamacare was going to do us any favors! And how about the Deficit that he will leave us with? So now for a question for you, who do you think invests heavily in the MIC? JUST Republicans??? If so why did so many democrats vote for the wars we get into huh??? Real truth and real facts are the BAIN of democrats Nation Wide! |
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just let it go, bush is gone now....concentrate on our liar in cheif now, not the loser that has been replaced, and not even in politics anymore... you have nothing to fear from bush anymore, he is gone, done, finished, and does not matter anymore.... LOL Ignore the facts and support the same policies that screwed us? No Thanks! Those who forget history are doomed to repeat it. The Republicans thrive on those unwilling to face the facts and too willing to stay blind and uninformed. |
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Edited by
Fanta46
on
Tue 01/04/11 10:25 AM
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Bush used more Presidential Veto's than any President in history.
All of them when the Dem's got the majority. (the final 2 years) A majority of one. Let's look at the whole story. Not just the parts we imagine and fit our tale. How could anything get accomplished when Bush Vetoed everything that reached his desk? It's a miracle Obama has been able to accomplish so much with the party of No resisting at every turn. The Repubs have only one goal. To obstruct every attempt at recovery so that Obama looks bad. Even if they obstruct America's recovery. Even if the American people suffer. |
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Economists were warning us during the Bush years of what was coming.
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Just a quick reminder to keep all answers within a debate form and keep the Racist Remarks out of the forums...
Site Mod Kristi |
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Just a quick reminder to keep all answers within a debate form and keep the Racist Remarks out of the forums... Site Mod Kristi I try. I really do, but when attacked the redneck in me comes out. Sorry Andy. Let's just keep it civil. |
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Bush used more Presidential Veto's than any President in history. All of them when the Dem's got the majority. (the final 2 years) A majority of one. Let's look at the whole story. Not just the parts we imagine and fit our tale. How could anything get accomplished when Bush Vetoed everything that reached his desk? It's a miracle Obama has been able to accomplish so much with the party of No resisting at every turn. The Repubs have only one goal. To obstruct every attempt at recovery so that Obama looks bad. Even if they obstruct America's recovery. Even if the American people suffer. WRONG WRONG WRONG WRONG Revisionist history that took all of 5 seconds to refute.. Come on man.. Has President George W. Bush used his veto power more than most presidents? A: No. Only 14 presidents have used their veto power fewer times than Bush, and only one president since the start of the 20th century has issued fewer vetoes. According to the U.S. Senate, George W. Bush has issued nine vetoes. All nine have come during his second term in office. That’s the second-lowest total of any administration since the start of the 20th century. Warren G. Harding, whose fatal heart attack in 1923 limited his term to just two years, issued six vetoes. http://www.factcheck.org/askfactcheck/has_president_george_w_bush_used_his.html |
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just let it go, bush is gone now....concentrate on our liar in cheif now, not the loser that has been replaced, and not even in politics anymore... you have nothing to fear from bush anymore, he is gone, done, finished, and does not matter anymore.... LOL Ignore the facts and support the same policies that screwed us? No Thanks! Those who forget history are doomed to repeat it. The Republicans thrive on those unwilling to face the facts and too willing to stay blind and uninformed. same policies? that makes no sense... you bush haters should know that... obama spent more in 100 days than the first 42 presidents combined, and thats the same policies? |
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just let it go, bush is gone now....concentrate on our liar in cheif now, not the loser that has been replaced, and not even in politics anymore... you have nothing to fear from bush anymore, he is gone, done, finished, and does not matter anymore.... LOL Ignore the facts and support the same policies that screwed us? No Thanks! Those who forget history are doomed to repeat it. The Republicans thrive on those unwilling to face the facts and too willing to stay blind and uninformed. same policies? that makes no sense... you bush haters should know that... obama spent more in 100 days than the first 42 presidents combined, and thats the same policies? Read the OP. |
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Economists were warning us during the Bush years of what was coming. And these are the same experts that are telling us everything is OK and that we are recovering. Smoke and Mirrors, lies and deceit. These experts are no experts. they always say how things go good under a president they like they praise everything they do like the experts and media have done with that balless corksucker Obama! (I would also like to go on the record that Obama IS Worst than Jimmy Carter!) No, I have learned all these experts are to me is BULLS**T artists! |
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There is truth in what they say.
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bump!
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