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Originally posted by poet1b
reply to post by xuenchen
2009 was GW's budget. Nice try but the fact is that 2009 belongs to GW.
What, you think Obama takes office, and magically his policies are put in place.
Maybe the "Discretionary spending" is where the added binge spending took place. Well hidden perhaps?
Mandatory spending: $1.89 trillion (+6.2%)
$644 billion – Social Security
$408 billion – Medicare
$224 billion – Medicaid and the State Children's Health Insurance Program (SCHIP)
$360 billion – Unemployment/Welfare/Other mandatory spending
$260 billion – Interest on National Debt
Discretionary spending: $1.21 trillion (+4.9%) ...................
.........................
FY2009 Spending
Deficit
With projected receipts less than projected outlays, the budget proposed by President Bush predicted a net deficit of approximately $400 billion dollars, adding to a United States governmental debt of about $11.4 trillion.
The actual spending signed into law in the final bill was increased by over $400 billion. And actual tax receipts totaled approximately $2.1 trillion, $600 billion less than the $2.7 trillion expected.
The actual deficit in 2009 was $1.4 trillion.[3]
Deficit
Mitt Romney’s 5 point plan to create jobs was John McCain’s 5 point plan in 2008, and George W. Bush’s 2004. In reality, voters are voting for Bush’s economic ideas, not Romney’s.
The last time this plan was tried by a president the economy collapsed. Voters rejected a rehash of the Bush ideas in 2008, and Mitt Romney is back trying to sell the same plan in a different order in 2012. The reality is that Republicans have no idea how to fix or grow the economy, but they do have an ideology that tells them government is bad, and tax cuts for the wealthy are good.
If you are early voting now, or will be stepping into the voting booth on Election Day, remember that you aren’t voting for Mitt Romney’s plan. You’ll be voting for George W. Bush’s, and we all remember where that got us the last time we tried it.
Originally posted by poet1b
reply to post by FraternitasSaturni
How many people died on 911, you think that was acceptable because of Pearl Harbor?
Wow!
Sorry, but the US economy was far worse under GW.
Originally posted by FraternitasSaturni
The economy was better. Ask anyone - in the WORLD even, if they'd like to go back to the state of the economy 4 years ago. Actually the further you go back, the more people want to go...
Originally posted by poet1b
reply to post by xuenchen
First you lie and blame Obama for GWs last budget, then you try to blame the democratic congress for the destruction of the US economy, which was created by years of repub policies that allowed bankers to destroy our economy. Pathetic that you jump from one propaganda lie to another.
All those tax cuts for the super rich have done is put the US government hugely in debt.
And Romney wants to make things worse.
Originally posted by poet1b
They might as well elect GW for a third term, except Romney will be worse.
First, Romney will stop enforcing laws against fraud, and the bankster crooks will again have free reign.
We are now just starting to see some economic recovery, but with Romney in the white house, investors will once again turn away from real investment in actually taking the risk to produce new technology and products, and go back to fraudulent schemes.
]
Many will claim that Obama was stymied by a Republican Congress. But the primary policy framework Obama put in place – the bailouts, took place during the transition and the immediate months after the election, when Obama had enormous leverage over the Bush administration and then a dominant Democratic Party in Congress. In fact, during the transition itself, Bush’s Treasury Secretary Hank Paulson offered a deal to Barney Frank, to force banks to write down mortgages and stem foreclosures if Barney would speed up the release of TARP money. Paulson demanded, as a condition of the deal, that Obama sign off on it. Barney said fine, but to his surprise, the incoming president vetoed the deal. Yup, you heard that right — the Bush administration was willing to write down mortgages in response to Democratic pressure, but it was Obama who said no, we want a foreclosure crisis. And with Neil Barofsky’s book ”Bailout,” we see why. Tim Geithner said, in private meetings, that the foreclosure mitigation programs were not meant to mitigate foreclosures, but to spread out pain for the banks, the famous “foam the runway” comment. This central lie is key to the entire Obama economic strategy. It is not that Obama was stymied by Congress, or was up against a system, or faced a massive crisis, which led to the shape of the economy we see today. Rather, Obama had a handshake deal to help the middle class offered to him by Paulson, and Obama said no. He was not constrained by anything but his own policy instincts. And the reflation of corporate profits and financial assets and death of the middle class were the predictable results.
Originally posted by poet1b
reply to post by xuenchen
2009 was GW's budget. Nice try but the fact is that 2009 belongs to GW.
What, you think Obama takes office, and magically his policies are put in place.
Originally posted by poet1b
They might as well elect GW for a third term, except Romney will be worse.
First, Romney will stop enforcing laws against fraud, and the bankster crooks will again have free reign.
We are now just starting to see some economic recovery, but with Romney in the white house, investors will once again turn away from real investment in actually taking the risk to produce new technology and products, and go back to fraudulent schemes.
Obama is now deporting more illegals than any other president has ever done. Romney will stop deportations, in order to keep the cheap labor available, and the crime to keep the public scared, and eager to support the military police state.
And then look for another 911, in order to provide another excuse for another couple of wars in some third world country.edit on 28-10-2012 by poet1b because: Missed a wordedit on 28-10-2012 by poet1b because: Typo