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Did Republicans deliberately crash the US economy?

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posted on Jun, 11 2012 @ 02:14 PM
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The GOP is now a fully owned subsidiary of corporate America, and they are actively advocating for corporate welfare (aka the tax payer paying for companies). The Democrats are half-owned, and likely fully owned within the next 4-8 years.

This entire crisis was caused by reckless deregulation ever since Reagan brought Morgan Stanley on board as "advisors", and the situation got worse with every president. What we're seeing now is the culmination of 25 years of hard work, the BIGGEST HEIST in US history.

Half the people pulling the strings in the US government when it comes to the economy are former (lol) Goldman Sachs employees for crying out loud, read their CVs!!! That's how Goldman Sachs got BILLIONS of free taxpayer money at NO INTEREST (!!!) before having the arrogance to say "nah, we didn't really need those bailouts". They're bought sock puppets, all of them!
edit on 11-6-2012 by MrXYZ because: (no reason given)




posted on Jun, 11 2012 @ 03:14 PM
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reply to post by MrXYZ
 


That's all right, there is going to be big change shortly and many of us won't make it anyway. Hopefully the ones who make it will be forced to have more respect for Mother Earth and all her creatures. .



posted on Jun, 11 2012 @ 03:28 PM
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Except Obama had the White House, Congress, and Senate all under his control. And guess what? They couldn't even pass an annual budget. They still can't.

The budgets Obama proposes don't get a single YES vote, even from Democrats. Is it any wonder the USA economy is in the crapper? How can they possibly know anything about economics without passing a budget?



posted on Jun, 11 2012 @ 03:32 PM
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Originally posted by jjkenobi
Except Obama had the White House, Congress, and Senate all under his control. And guess what? They couldn't even pass an annual budget. They still can't.

The budgets Obama proposes don't get a single YES vote, even from Democrats. Is it any wonder the USA economy is in the crapper? How can they possibly know anything about economics without passing a budget?


The "no" yes votes part is obviously complete nonsense...and the reason it's hard for Obama to pass much is because of something called "supermajority". Because only in the US simply having more than 50% doesn't constitute a "majority"


Also, Obama's budget grew less than that of any of the past few presidents.



posted on Jun, 11 2012 @ 05:03 PM
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reply to post by MrXYZ
 




The "no" yes votes part is obviously complete nonsense...and the reason it's hard for Obama to pass much is because of something called "supermajority". Because only in the US simply having more than 50% doesn't constitute a "majority"


Also, Obama's budget grew less than that of any of the past few presidents.




Yes.

When they max out the binge spending by way of donkey economics, we can clearly see.






posted on Jun, 11 2012 @ 05:18 PM
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reply to post by xuenchen
 


The problem with your table above is that they focus on the growth in deficit, not the budget. You can blame a president for growing a budget, but not entirely for a growing deficit. Why? Because the deficit depends on more than just the budget.

In this case, the deficit isn't growing because the budget is suddenly so much larger...it's growing because the economy's in the crapper and the revenue side (the other side of the ledger) is piss poor right now. Add to that the fact that borrowing money (which every government does!) is more expensive and harder to obtain...and you know why the deficit is growing.

And if there's one thing you can't blame Obama for the state of the economy. You can of course blame him for how he handled the crisis (I do too fyi), but he inherited that crisis nonetheless.

Fun fact: You know what's the largest single-policy contributor to the deficit? The Bush tax cuts!! And you know how many jobs those tax cuts resulted in? ZERO net jobs!!



posted on Jun, 13 2012 @ 09:01 PM
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reply to post by MrXYZ
 


I agree with you, although I don't think we can say a particular party crashed the economy, I think we can say "Politicians crashed our economy"



posted on Jun, 13 2012 @ 10:10 PM
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Originally posted by xuenchen
Yes.

When they max out the binge spending by way of donkey economics, we can clearly see.




YOUR chart would suggest the way to take care of the problem (since the budgets each year are fairly stable, some going up slightly, some going down slightly), would be to raise taxes...i.e., take away those bush tax cuts that created the problem of the deficit to start with.... glad you apparently agree since you posted it



posted on Jun, 13 2012 @ 10:17 PM
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reply to post by SUICIDEHK45
 


The politicians get way to much credit! Imagine there are like 550 congressmen being nitpicked everyday by the media and blogs such as this...

But how often do we blame the real culprit. THE FED. They have control our economy to a far great extent than any congress, president or court in the last 20 years!



posted on Jun, 14 2012 @ 10:30 AM
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The GOP....Keeping Millions out of work to put one man out of a job.

It was all fortold in a thread by Skeptic Overlord shortly after Obama took office.

Damn The Country, Obama Must fail


The Republicans Have Their Long-Knives Out: "Ever since the election, and for the foreseeable future, the Republicans only have one thing on their mind, screw Obama." He said nothing else matters to them, not voters, and certainly not getting anything done.


Rush Limbaugh in 2009



ROOTING FOR FAILURE.... Rush Limbaugh caused a bit of a stir about a month ago, when he told his audience, "I disagree fervently with the people on our [Republican] side of the aisle who have caved and who say, 'Well, I hope [President Obama] succeeds.' ... I hope Obama fails. Somebody's gotta say it."

The right-wing host went on a similar tirade yesterday when talking about the economic recovery package: "I want everything he's doing to fail... I want the stimulus package to fail.... I do not want this to succeed."

Limbaugh is, without ambiguity,

www.washingtonmonthly.com...

Tea Party Nation wants all small business owners to stop creating jobs by not hiring anyone in protest of President Obama and the Democratic Senate.


Tea Party Nation's call says, in part:


"I, an American small business owner, part of the class that produces the vast majority of real, wealth producing jobs in this country, hereby resolve that I will not hire a single person until this war against business and my country is stopped.I hereby declare that my job creation potential is now ceased.

'I'm on strike!'"

www.wtsp.com... resident-Obama-and-the-Democratic-Senate

GOP strategy: Block Obama, then blame him


Romney said that “with America in crisis, with 23 million people out of work or stopped looking for work, he hasn’t put forth a plan to get us working again.”

Romney conveniently omitted the fact that Obama put forth such a plan last autumn. The American Jobs Act would have put as many as 2 million construction workers, cops, teachers, and firefighters back to work — so said economic forecasters — if only congressional Republicans hadn’t dynamited it.

www.dispatch.com...


In 2010 whilst the economy desperately struggled to add jobs, Mitch McConnell, GOP Leader of the Senate proclaimed LOUD and PROUD...



“The single most important thing we want to achieve is for President Obama to be a one-term president.”

www.washingtonpost.com...

Senate Republicans kill the Democrats' infrastructure jobs bill
www.dailykos.com...


GOP kills jobs bill despite majority support

www.washingtonmonthly.com...#

No mystery here.

The GOP did not crash the economy...they have simply bullied it. Pushing it back down to the ground at every opportunity and kicking it whilst shouting "get up!".



posted on Jun, 14 2012 @ 12:11 PM
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Originally posted by SUICIDEHK45
reply to post by MrXYZ
 


I agree with you, although I don't think we can say a particular party crashed the economy, I think we can say "Politicians crashed our economy"


Of course, they're all bought...one party (GOP) is just waaaaay more open about it


Until money gets taken out of the equation when it comes to politics, NOTHING will ever improve...



posted on Jun, 14 2012 @ 12:35 PM
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THE recession shrank Americans' wealth so much that in 2010 median family net worth was no more than it had been in 1992 after adjusting for inflation, the US Federal Reserve says.


Recession took Americans' net worth back to 1992



posted on Jun, 14 2012 @ 02:44 PM
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Soros had far more to do with the crash than the Republican Party. And let's not forget the infamous Barney Frank telling Congress that Fannie and Freddie were fine, only to find out later that F&F were not fine. Barney was the overseer of that little mess. How can people be so blind? It was out in the open now for years. It is deliberate blindness to ignore this kind of stuff. Clinton and Carter are both responsible for forcing lending institutions into irresponsible loan practices. It is part of the whole Marxist classless society thing, where they are willing to crash the economy in order to create the classless society. It is a kind of anarchy all it's own without guns and knives. I'm sure a few people made money in the process too.
Anyway, Michael Savage writes in his book, "Trickle Up Poverty" that Soros and some other hedge fund managers likely took advantage of the uptick rule and sacked the market.
Don't forget the part the Federal Reserve plays in all this. The Fed is neither Repub or Demo. Demos are by far the bigger number of Wall Streeters and a number of Goldman Sachs people are in the current administration.

I haven't read through the thread yet.



posted on Jun, 14 2012 @ 02:51 PM
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reply to post by MrXYZ
 





one party (GOP) is just waaaaay more open about it


Oh please! Be realistic....look at the list of Goldman Sachs people in the Obam admin

my.firedoglake.com...

This essay shows the pervasive influence of Goldman Sachs and its units (like the Goldman-Robert Rubin-funded Hamilton Project embedded in the Brookings Institution) in the Obama government. These names are in addition to those compiled on an older such list and published here at FDL. In the future, I will combine the names here and those on the earlier article but I urge readers to look at the earlier list too (links below). Combined, this is the largest and most comprehensive list of such ties yet published.


Jusst look at this list of people tied to this admin in some way or other


ALTMAN, ROGER. BERKOWITZ, HOWARD P.

BIDEN, JOE.

BRAINARD, LAEL.

BUFFETT, WARREN.

CLINTON, HILLARY.

CRAIG, GREGORY. (revolving door)

DONILON, THOMAS.

DUDLEY, WILLIAM C.

EFFRON, BLAIR W.

ELMENDORF, DOUGLAS.

EMANUEL, RAHM.

FARRELL, DIANA.

FRIEDMAN, STEPHEN.

FROMAN, Michael.

FUDGE, ANNE.

FURMAN, JASON.

GALLOGLY, MARK.

GEITHNER, TIMOTHY.

GENSLER, GARY.

GEPHARDT, RICHARD (aka "DICK") A.

GREENSTONE, MICHAEL (revolving door to Hamilton Project)

HAMILTON PROJECT, THE

HORMATS, ROBERT.

KAGAN, ELENA.

KASHKARI, NEEL.

KORNBLUH, KAREN.

LEW, JACOB (AKA "JACK") J.

LIDDY, EDWARD MICHAEL.

LIPTON, DAVID A.

MINDICH, ERIC

MURPHY, PHILLIP.

NIEDERAUER, DUNCAN.

OBAMA, BARACK H.

ORSZAG, PETER.

PATTERSON, MARK.

PERRY, RICHARD.

RATTNER, STEVE.

REISCHAUER, ROBERT D.

RIVLIN, ALICE.

RUBIN, JAMES.

RUBIN, ROBERT.

SHAFRAN, STEVEN.

SPERLING, GENE.

STORCH, ADAM.

SUMMERS, LARRY.

THAIN, JOHN.

TYSON, LAURA D’ANDREA.




edit on 14-6-2012 by ThirdEyeofHorus because: (no reason given)



posted on Jun, 14 2012 @ 02:54 PM
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Originally posted by ThirdEyeofHorus
Soros had far more to do with the crash than the Republican Party.


That seems very opinionated and short sighted, more politically opinion based than factual. Please provide evidence to support said claim or it will be dismissed as nothing more than political shilling.




The Fed is neither Repub or Demo. Demos are by far the bigger number of Wall Streeters and a number of Goldman Sachs people are in the current administration.


Provide evidence for this as well, as I see it as a blatant political lie.
edit on 14-6-2012 by PurpleChiten because: (no reason given)



posted on Jun, 14 2012 @ 02:55 PM
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reply to post by Indigo5
 


So now the Tea Party is responsible....wow you give the Tea Party so much credit. I wonder how much credit we can give OWS for what they are doing. I mean after all, they want the demise of all of Wall Street and all the bankers. and all the 1%.



posted on Jun, 14 2012 @ 03:02 PM
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reply to post by ThirdEyeofHorus
 


Please provide evidence when you make blatant statements or it's nothing more than political shilling.



posted on Jun, 14 2012 @ 03:05 PM
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Originally posted by PurpleChiten
reply to post by ThirdEyeofHorus
 


Please provide evidence when you make blatant statements or it's nothing more than political shilling.


Pictures or it didn't happen



posted on Jun, 14 2012 @ 03:05 PM
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Originally posted by PurpleChiten

Originally posted by ThirdEyeofHorus
Soros had far more to do with the crash than the Republican Party.


That seems very opinionated and short sighted, more politically opinion based than factual. Please provide evidence to support said claim or it will be dismissed as nothing more than political shilling.


A lot of things seem that way to you. I have already posted a whole paragraph somewhere on what Michael Savage wrote in his book somewhere in this website. Soros has a reputation for crashing entire currencies, including Britain. Do you even doubt the power Soros has? Soros has called for a One World Currency.
Here's more of what the Socialist plan is



And that was just one treaty.

The admin has 5 UN treaties they are promoting. I can find more stuff on Soros.Listen carefully to what Savage says about Soros.

edit on 14-6-2012 by ThirdEyeofHorus because: (no reason given)



posted on Jun, 14 2012 @ 03:07 PM
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Originally posted by ThirdEyeofHorus
reply to post by Indigo5
 


So now the Tea Party is responsible....wow you give the Tea Party so much credit.


Sure I do...they represent the current voice of the far-right who have hijacked the rational GOP, or as the TP likes to call anyone thats not willing to crash the economy...RINOs.




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