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Thread: The recession the democrats left us, elected to power in 2006 and it went down.

  1. #1
    john is offline
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    Joined: May 2008 Posts: 2,836

    The recession the democrats left us, elected to power in 2006 and it went down.

    Yes that right they were elected into power in 2006 and looky at what happen since then.

    Yes I will use Havasucker own analogy against himself.

    But if we go by the facts this recession would have happened reguardless. If you look at history, they happen about every 7 to 8 years. The reason this one was so bad is because of the banks collapse that was caused because democrats in congress forced banks to make bad loans to people that could not possibly pay them back. The record is clear and the videos tell the truth, they cannot be denied, the republicans in commitee all voted to regulate FAN and FRM but all the democrats voted against it.

    As for Bush he did TARP and from the evidence out, almost all the money loaned out during the Bush time in office has now not only been paid back but with interest and almost none of the money loaned out during Obamas time in office has yet to be paid back and looks like it will never be.

    As for recession every president that has had two term has had to deal with one it is not the fact you have one that is the problem it is how you deal with it. Bush handled his making it the shortest shallowest recession in history, using 150 billion. Obama on the other hand has had well over a trillion dollars at this point to take care of this and has yet to make any difference that is measurable.

    Need a comparison, Bush even with two wars going full force will have spent LESS in is TWO TERMs (8 years), then Obama in his first year and a half (20 months). Bush started his presidency with a 5.5 percent umemplyment had an average of 5.2 percent unemployment and Obama started his with a 7.6 unemployment and has averaged so far 9.6 and even his own administration thinks it will stay in the mid 9 percent range for the next 2 to 3 years. That why 41% of the population at this point would rather have Bush back.

  2. #2
    Havakasha is offline
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    Joined: Sep 2009 Posts: 5,358
    Glad to hear that John supported TARP and is so very proud of it. LOL.

    Last i checked the Republicans controlled the House, the Senate, and Presidency from 2000 to 2006.Thats 6 long years and Bush didnt veto a single bill during that time. That means all legislation passed for 6 years were Republican sponsored. From 2006 to 2008 the President of the United States was George Bush. He had full veto power over any and all legislation plus he pushed signing statements to new heights. I think we all know (except some in denial) who held power from 2000 to 2008. WHAT THE HELL DID THEY DO DURING THOSE 8 YEARS TO MAKE MIDDLE CLASS AMERICAN LIVES BETTER?

    Are you the same guy who also said the direction of the stock market is determined by the President's policies (remember i argued it was a small part of why the market moves in a certain direction)? So, i quess since the market has gone up quite a bit since he took office then he must be doing a great job by your calculations. LOL.

    If you think that unemployment from the Bush recession which was at 8.1 percent at Feb 1 (10 days after Obama took office) and continued to cause us to lose 700,000 plus jobs for the next 2 months, wasnt Bush's responsibility you are living in some kind of wacky fantasy land. At the end of March of 2009 the rate was already up to 8.5% and in April was up to 8.9%. To blame that on anyone but Bush is to be in utter denial about the way recessions work. Good try though.
    Oh and by the way the CBO (the none partisan budget office which is the arbiter of the facts on legislation and which Republicans always quote when it suits them. lol) has said that the stimulus bill has given us 2.1 million jobs and that without it unemployment would easily be over 11% right now.
    Last edited by Havakasha; 03-22-2010 at 02:54 PM.

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