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Obama is ruining this great country of ours

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posted on May, 11 2011 @ 07:44 AM
reply to post by LosLobos

Signed on May 22, 2009

Credit Card Accountability, Responsibility, and Disclosure (CARD) Act of 2009

Ya, that one has worked so well for the average American, that everyone i know that has a credit card has had their interest rate raised by atleast 10 percent, if not more.

For the shills that still have not figured it out, them, warm, fuzzy, bills that have a kind and passionate name to them that keep getting passed by the executive branch and allowed by congress, do not amuse me

posted on May, 11 2011 @ 08:59 AM

Originally posted by neo96

the fascist creation of "czars" that are answerable to no one but Obama

This is a rather ignorant statement.

History proves that the title of czar pre-dates Obama's presidency by quite a bit.

Continuing to perpetrate this sort of truthiness does nothing to help your point.

posted on May, 11 2011 @ 11:45 AM
A few points to make:

- The $4 trillion referred to above was not spending, but the increased amount of debt under Obama. The Federal budget is over $3 trillion a year. The increased in both deficit and debt as a percentage of the Federal budget is the largest in history under Obama.

- The largest deficit Bush ever had was a little under $500 Billion and that was in the last year of his Presidency. Mostly due to his insane bailout programs.

- Obama is running deficits of $1.7 trillion a year.

- 60% of govt spending is on entitlement programs and the US govt borrows 42% of its spending. In other words, if all the govt did was cut checks for people's things, we would still have to borrow money.

- Tax revenue under Bush went up 80%. His problem was massive spending. Not including the military, Bush doubled the size of govt. Not very conservative if you ask me. Obama has just taken Bush's spending model and put it on steroids.

- Obama blames the deficits on not taxing the wealthy enough. However, if you taxed those making $1 million + a year at 100% it wouldn't even close the deficit. So blaming it on taxes for the wealthy is dishonest. There is absolutely no way around massive spending cuts since there is not funding source to close the deficit.

- Govt statistics are highly misleading. So while the official unemployment rate has gone down, less people have jobs now than when Obama took office. This is what economists call the labor participation rate. Basically its how many people in the population are working. As people drop off of the govt unemployment programs they aren't counted as unemployed anymore. But if you just track how many total people are employed in the US, you get the real picture. And its continued to drop under Obama even with all the spending.Source

In conclusion, my points are not intended as a slam on Democrats or Liberals. Just about Obama and how ineffectual his policies have been. Additionally the points are made to show the dire nature of our nation's finances and that it is a spending problem, since no amount of tax increase on the wealthy could close the deficit. Also, this is not meant to in anyway support Bush. He was a horrifically terrible fiscal President who spoke like a conservative, then doubled the size and spending of the US govt. Bush was terrible fiscally, Obama is worse. Republicans failed the American people, and Democrats failed the American people. Neither party, nor any President deserve our unwavering support and allegiance ladies and gentlemen. Stop viewing US politics likes its a team sport and rooting for one side, defending everything they do, and bashing everything the other party did.
edit on 11-5-2011 by johnny2127 because: (no reason given)

posted on May, 11 2011 @ 11:56 AM

We need to stop this guy in 2012


Please you're kill'in me.
edit on 11-5-2011 by randyvs because: (no reason given)

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