Posted on 09/16/2008 2:14:48 PM PDT by annajones
I use to think part of the economy's problems was the very long war going on. I realized later that the problems I was seeing started mainly 2006 the year Congress became controlled by the usual tax and spend Democrats.
It's a lie that Obama and the democrats are now blaming the economic woes on Bush and the Republicans. It seems to me if something bad happened blame it on Bush. Perhaps we should begin to realize that the facts are that the Democrat politicians are to blame and that is the change we got beg 2006--a change for the worst. Add Obama as president considering all the promi$es hes made and you know it's going to get worst.
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In 2006 America voted for change
George Bush has been in office for 7 1/2 years. The first six the economy was fine.
A little over two years ago:
1) Consumer confidence stood at a 2 1/2 year high; 2) Regular gasoline sold for $2.19 a gallon;
3) The unemployment rate was 4.5%.
4) The DOW JONES hit a record high -- 14,000+
5) American's were buying new cars, taking cruises and vacations overseas, living large!
But Americans wanted 'CHANGE'! So, in 2006 they voted in a Democratic congress & yep -- we got 'CHANGE' all right!
1) Consumer confidence has plummeted;
2) Gasoline is now over $4 a gallon & climbing;
3) Unemployment is up to 5% (a 10% increase);
4) Americans have seen their home equity drop by $12 trillion dollars & prices are still dropping;
5) 1% of American homes are in foreclosure.
6) The Dow is probing another low ~11,300
7) $2.5 trillion dollars has evaporated from stocks, bonds and mutual fund investment portfolios.
Yep, in 2006 America voted for change. And we got it! A Democratic congress, Nancy Pelosi, Harry Reid.
Now the Democrats' candidate for president -- and the polls say he's gonna be 'the man' -- claims he's gonna really give us change! Just how much more 'change' do you think you can stand?
Have a very nice day.
That’s change all right, but it sure isn’t the kind of change I can believe in!
alittle of “one” year ago
(mistake on my part)
New slogan: “How much more Change can America afford?”
They are ALL to blame! In 1999, the Congress voted OVERWHELMINGLY to repeal the Glass-Steegal Act. This legislation removed the last vestiges of protections implemented after the Great Depression to prevent out and out greed taking over in the banking industry.
What we are seeing is the folly of that decision.
And none of our political hacks or talking heads or greedy corporation heads with their golden parachutes will take responsibility for their actions.
My favorite phrase applies: THEY ARE ALL SCUM!
W is one of the worst economic presidents there’s ever been.
NO, he is NOT. Our Congress IS the worst we’ve ever had, at least in my nearly 70 years of life.
NO, he is NOT. Our Congress IS the worst we’ve ever had, at least in my nearly 70 years of life.
Remember the Clinton Economic Doctrine: If a recession begins in the last year of Democratic administration, it is the fault of the incoming administration.
The dems forced an increase in the federal minimum wage even though any economist will tell you that increasing the minimum wage will lead to higher unemployment — especially among low-skilled low-wage workers — and yet it is Bush’s fault that unemployment is up to its highest level in 6 years (which is actually equal to the average over the last four decades).
W’s had almost 8 years to fix things. Instead we’ve had a flat stock market, a housing bubble, a housing bust, a weak dollar, a commodities bubble, and now a financial crisis. He’s terrible at economic policy, he doesn’t like dealing with economic problems, he hates Wall Street and now we see the results.
While you are technically correct, most of the issues you cite involve fed-directed monetary policy, not fiscal policy, compounded by Clinton’s stock market bubble burst, corporate scandals (on Clinton’s watch and dealt with on Bush’s watch), and Congressional meddling. I never thought Greenspan deserved the praise he got upon retirement.
wow i like that
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