Obama may break bent economy

Boston Herald ^ | 9/23/2008 | Dick Morris and Ellen McGann

[HowlinglyMind-BendingAbsurdity]

If Obama is elected the country will go into a tailspin til 2012. As bad as Jimmy Carter but probably even worse. At which point, the Republicans with a conservative candidate roll back into the White House in a landslide. It won’t be pretty for 4 years and even Obama will wish he had lost, as China, Russia, and Middle Eastern terrorist states become more aggressive on the global stage.

[Allegra]

It would take years, probably decades to recover from an Obama presidency.

[RayChuang88]

If Obama gets elected, we’ll probably end up with a recession at least as bad as what happened in 1979 to 1980 when double-digit inflation and double-digit interest rates screamed the ecconomy to a halt. The possibility of a massive switch to very heavily Republican House and Senate would be very real in the 2010 elections.

[HowlinglyMind-BendingAbsurdity]

Decession or depression even. But the more serious problems may be in national security as a weakened U.S. with a socialist leader hell-bent on turning us into a Third World nation will embolden other countries to become aggressive. The only reason that Obama is even close to this is because of the unpopularity of Bush, Cheney, Rumsfeld and the Iraq war which got the liberal Dems all fired up.

If we had a conservative Reaganesque leader committed to limited government the situation would be a lot better. It's amazing how far we have sunk since the Reagan era.

[Ronin]

As Fannie and Freddie make abundantly clear, we are still suffering from the aftershocks of the Clinton years.

If Obama wins, the results will be a hundred times worse.

[HowlinglyMind-BendingAbsurdity]

Recession, that is. With the economy in the shape it is in, we CANNOT AFFORD the tax increases and big-government socialist programs Obama wants. It will bankrupt the country.

[bigcat32]

“It will bankrupt the country.”

This country is already bankrupt and in more ways than just one.

[HowlinglyMind-BendingAbsurdity]

It would get worse. What kind of idiot raises taxes after a major Wall Street collapse?

[crazydad]

And if the grand Mufti of chicago does ruin the economy somehow the liberal media will find a way to blame the republicans and Booosh! They will carry his water no matter what... We are living in the time of Tass and Goebbles!

[Thermalseeker]

As Fannie and Freddie make abundantly clear, we are still suffering from the aftershocks of the Clinton years.

The roots of this "subprime" mess stretch back at least as far as the "Community Reinvestment Act" passed by a DemocRat controlled Congress during the Carter Administration.

This IBD article gives a lot of good detail.

http://www.investors.com/editorial/editorialcontent.asp?status=article&id=305938528597493&secid=1501

[bushfamfan]

That’s being a bit too optimistic in thinking conservatives roll back in 2012. Are you really confident we will make it to 2012 if this dangerous radical frauds his way to the presidency?? I am not. Russia, China and all our enemies have been emboldened by the attacks on Bush and the likelihood of facing Obama. Russia will roll over whomever it pleases and China will start off with Taiwan and they will move ahead with their proxys with no concern about the risk. Not to mention what a disaster the domestic policies would cause with tax hikes to the sky and employers having to cut back because the “rich must pay”. It all comes at a cost! But this election is scary because we really cannot afford 4 yrs. of Obama and I think it’s the death knell of America if it happens. People have taken our position for granted and the serious dangers we are facing. Demonrats are the domestic enemy.

[bushfamfan]

What we have is media tyranny. We need to be at war with them and give them no legitimacy. They need to be confronted head on and Republicans/conservatives should not be used in appearing on the ‘news’ channels/programs. A statement should be made for every appearance and an eventual boycott in order.

[HowlinglyMind-BendingAbsurdity]

You're right that it's a hypothetical, based on the Jimmy Carter-Ronald Reagan swing in 1980. Obviously, anything could happen between now and then. Obama is a dangerous demagogue, promoting socialism. If he wins, it weakens the U.S. and the whole Western world. The civilized world. We don't need to be dragged through Obama's personal racial issues, socialist ideas, and confusion. The racial drama of the 2008 election is the non sequitur of the decade.

[Total Package]

During the Great Depression, Congress raised taxes sharply in the Revenue Act of 1932. The top rate went from 25 percent to 63 percent. As a result, the real Gross Domestic Product dropped by 13.3 percent and unemployment rose from 15.9 percent to 23.6 percent.

Tax the F$$$ out of the rich and the POOREST will pay the price.

I went downtown and asked a homeless man for a job... he did not have one for me :(

[ari-freedom]

are americans that dumb that they’d vote for this guy?

[ari-freedom]

FDR came up with all kinds of new programs. after the depression we still kept them and just added more. if there’s another depression, Obama would add another Raw Deal on top? this is crazy

[Total Package]

are americans that dumb that they’d vote for this guy?

Some are!

[ari-freedom]

some...but so many? I can understand voting for Al Gore and perhaps even Kerry but this is nutty

[ari-freedom]

at least Carter was a governor who served under Admiral Rickover. He had the sense to help Afghanistan fight back the Soviets.
This obama is a big nothing