Of course one to agree with this must ignore the sub prime push in the 90's, in fact the requirement to dedicate a portion of ypur loans to the sub prime market...
On Jan 16, 3:53 pm, Gonzo <[email protected]> wrote: > Studio's inaccuracy is not that Bush is a 2 recession president. Bush > has brought on the 2nd republican great depression. > > On Jan 16, 12:48 pm, frankg <[email protected]> wrote: > > > Studio, > > > Are you trying to turn this into a general Bush bashing thread or were > > you making a point about a “2 recession President” and his economic > > failures? > > > > Nope, not according to the official statement. > > > Happened 2 months after he took office. > > > In the spirit of yesterday’s miracle; you can say the plane didn’t > > crash until it actually hit the water, but to deny it was going to > > crash as soon as the engines cut out would be ignoring the facts. This > > debate of when a recession actually exists is silly. If the GDP is > > declining and unemployment is going up, you’re in a recession. NBRE > > said it was March of 2001 because that was when we hit six continuous > > months of meeting the criteria of a recession, but that means the > > first four months of this occurred during the Clinton administration. > > And obviously, a lot was going on prior to then to result in this > > sustained decline into recession. And btw, this also goes for the > > current recession we are in. Refusing to call it a recession based on > > minor technicalities is to ignore the obvious. > > > Aside from being handed a recession, Bush also had to deal with; > > The terrorist attacks of 9/11 had a major impact on the economy. His > > administration had eight months to detect and stop the attack but > > clearly the planning was going on long before he took office. The mess > > mostly landed in his lap – he did not create it. > > Enron, WorldCom and others were all products of the Internet paper > > economy, and their collapse clearly had a major impact on the economy. > > That mess landed in Bush’s lap - he did not create it. > > Katrina had a major impact on the economy. Regardless of how poorly it > > may have been handled, you can not disregard its effect on us. This > > too landed in Bush’s lap - he did not create it. > > > The explosion of Internet commerce fed the economic boom in the 90’s. > > This landed in Clinton’s lap – he did not create it. > > > None of this is an excuse, it’s just the facts. It’s intended to show > > that the simpleton view of Clinton was great, Bush was bad ignores the > > facts, yet this is exactly what you are doing. > > > Notice, btw, that I am not debating you on the current recession. I’m > > in full agreement that as a ‘fiscal conservative’, Bush was a > > nightmare. But lets not pretend Bush was handed a perfect economy, or > > that some unparalleled economic disasters, not of his making, didn’t > > occurred during his presidency. > > > On Jan 16, 1:26 am, studio <[email protected]> wrote: > > > > On Jan 15, 4:49 pm, frankg <[email protected]> wrote: > > > > > Our economy was already in a recession when Bush took office. > > > > Nope, not according to the official statement. > > > Happened 2 months after he took office. > > > > Of course, I've asked repeatedly how the same people didn't > > > officially > > > recognize the economy has been in a recession a year before they > > > said it was the second time... > > > > > To somehow suggest Clinton was an economic success and Bush an > > > > economic failure is to ignore some very basic facts. Looking only at > > > > the numbers and ignoring what was going on misses the point. > > > > Uh, no I'm not missing any basic facts. > > > The money was borrowed for the wars, and the tax breaks were from real > > > money. > > > That created massive debt. > > > > You're not answering the question; > > > what happened to all the money with a superior Republican > > > economic theory in effect? > > > Why wasn't it a national strategy to put Americans to work instead of > > > putting > > > Americans out of work during a time of war? > > > > You're not answering the questions, you're making excuses. > > > > One of those planes that hit the WTC flew right over where I used to > > > work. > > > The next day our company had a meeting, and sent our own supplies to > > > the staging area. > > > Was our company thanked by the government? > > > Hell no. > > > Unless the company being put out of business is "thank you" in > > > Republican speak. > > > > The President Bush Jr. said: > > > "I'll unite the country if elected". - he didn't. > > > "I'll protect the peace" - he didn't. > > > "I'll create jobs through tax breaks" - he didn't. > > > > What, do I need some kind of universal translator to understand what > > > Bush Jr. > > > is talking about? > > > Or do I just need to understand Bushebonics? > > > Either way, it's not any English most Americans speak. > > > > No my friend, I'm not missing any basic understanding of Bush Jr. > > > He's been an unmitigated failure on almost every issue you can think > > > of. --~--~---------~--~----~------------~-------~--~----~ Thanks for being part of "PoliticalForum" at Google Groups. 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