On 11/01/2012 10:11 PM, Nicholas Geti wrote:
Why do you keep bringing up Bush? We all know what happened. It has
been gone over and over until the subject has been beaten to death.
I keep bring it up; because, people seem to have very short memories.
Obama had four years to get the economy moving again and he didn't do
it. It should have taken less than a year if he had let the small
business man do what he does best; i.e. make jobs. Instead Obama spent
all of his energy getting the stupid Health Care Bill passed.
The economic problems from the Great Recession of the USA were so sever,
that they spread around the world. God couldn't have fixed the mess in
four years, much less a mere mortal like President Obama. Not only was
President Obama not able to fix the mess in four year, I don't know of
any other leader from around the world, that have been able to lead
their countries to a full recovery over such a sort period of time.
Regards,
LelandJ
We have had many bubbles over the years. The housing one is nothing
new and we always recovered quickly when the government stepped aside.
Bubbles are the consequence of the government messing around in the
economy. Do I need to explain that to you?
I think I understand, but you might want to take a course in economics
101. LOL
Regards,
LelandJ
Nick Geti
----- Original Message ----- From: "lelandj" <lela...@mail.smvfp.com>
To: "ProFox Email List" <profox@leafe.com>
Sent: Thursday, November 01, 2012 11:06 AM
Subject: Re: [OT] 8 years Bush $4 trillion, 4 years Obama $5 trillion
A lot of the Obama Deficit was due to a couple of Bush era events:
1) The tax policies enacted during the Bush years to lower taxes,
especially on the wealthiest 2% of Americans, who really didn't need
the gift: The tax cuts to the wealthiest 2% of Americans did little,
if anything, to stimulate the economy; because, the increased demand
for good and services in this group was much smaller proportionally,
dollar for dollar, than the demand created in the remaining 98% of
working, middle class and poor Americans.
2) The housing bubble created during the Bush years, which concealed
the true state of the USA economy: When the housing bubble burst,
trillions of dollars in wealth were vaporized into thin air. This
required President Obama, and his administration, to take immediate,
drastic measures, in the form of stimulus, to prevent a collapse of
our country, and to contain the contagion effect on the rest of the
world.
Regards,
LelandJ
[excessive quoting removed by server]
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