[ponder life]

The exact opposite is Barry's goal in life.

While I don't agree with Obama's deficit spending (at least not for a decade), he didn't star the current economic crisis. The current economic crisis really did start with congress abanding a law that was put in place after the 1929 stock market crash (forgot the name of the Act, so sorry for butchering my explaination). This resulted in the issueing of trillions upon trillions of dollars of investment insurance called derivatives (once again, I admit I'm butchering my explanation here). And somewhere in this flood of credit was also the flood of credit to the housing industry. Which, today, is still the lynch pin of our current economic slowdown. That is, until all the forclosed homes are finally processed (and we will take a few more years of this), credit will not flow as easily as it once did until then.

In the end, it was congress, that repealed this act in the late 1990's, that provided stimulus for the economy with a tremendous amount of capital (based on credit) which resulted in the crisis of 2008, and we are still paying for today.

[aruanan]

While I don't agree with Obama's deficit spending (at least not for a decade), he didn't star the current economic crisis. The current economic crisis really did start with congress abanding a law that was put in place after the 1929 stock market crash (forgot the name of the Act, so sorry for butchering my explaination). This resulted in the issueing of trillions upon trillions of dollars of investment insurance called derivatives (once again, I admit I'm butchering my explanation here). And somewhere in this flood of credit was also the flood of credit to the housing industry. Which, today, is still the lynch pin of our current economic slowdown. That is, until all the forclosed homes are finally processed (and we will take a few more years of this), credit will not flow as easily as it once did until then.

That part of the current economic crisis has still to come due. None of Barry's spending has much of anything to do with that. Even the so-called TARP money, which was supposed to help deal with this ended up not being used for that. Taking over Chrysler and GM didn't have anything to do with it. His stimulus package didn't have anything to do with that. Cash for clunkers didn't have anything to do with that. Money for weatherizing houses didn't have anything to do with that. Money for appliances didn't have anything to do with that. Effing over the entire health insurance industry and medicine didn't have anything to do with it. Shutting down drilling for oil didn't have anything to do with that. Badmouthing the U.S. around the world didn't have anything to do with that. Destroying voting integrity by refusing to prosecute the New Black Panther voter intimidation case (and others) and by refusing to prosecute states for failing to take dead voters off rolls and for failing to get military absentee ballots sent out on time didn't have anything to do with that. Screwing up Afghanistan didn't have anything to do with that (turning Karzai to Iran for help in the region given the U.S. planned, precipitous departure having nothing to do with any kind of military sense at all). Furthermore, all the efforts to rein in the problem arising through Freddy Mac and Fannie Mae were stalled by the usual Democrat suspects who were sucking on Fannie Mae's teats and on Freddy Mac's whatever and Barry was one of them. And, after becoming president, he did nothing to fix the problem--FM and FM are both exempted from certain laws that would have had that effect.