Obama Is Destroying The Economy

bush_cheney2004 · March 6, 2009

Yes, because the economy was great before January 20th.

It was a lot better than it is now. Over an eight year term my portfolios grew a lot more than they shrank. I'll take Bush's "recession" over this one any day.

I don't see why self declared "conservatives" continue to pretend that the Bush Presidency was some amazing small government administration.

I don't care about that kind of pissing contest...just my account balances.

Smallc · March 6, 2009

It was a lot better than it is now.

Oh please. Nothing that anyone has done has even taken effect. I just heard two days ago that it takes 12 months for even an interest rate cut to make a difference.

bush_cheney2004 · March 6, 2009

Oh please. Nothing that anyone has done has even taken effect. I just heard two days ago that it takes 12 months for even an interest rate cut to make a difference.

And I'm sure you gave Mr. Bush that same slack in November? Nope.

It's Obama's watch, and so far markets have not bubbled over in confidence for his method or message. That's the bottom line....so to speak.

Edited March 6, 2009 by bush_cheney2004

Smallc · March 6, 2009

And I'm sure you gave Mr. Bush that same slack in November? Nope.

Yes, in fact I did. Nothing anyone can do will help in the very short term.

BubberMiley · March 6, 2009

And I'm sure you gave Mr. Bush that same slack in November? Nope.

You did though. When the stock market started to crash under Bush, you indicated that it was time to load up the truck with bargain stocks. Now you just fret about your "portfolio" as though there shall ne'er be a recovery again.

lol.

Smallc · March 6, 2009

In fact, I don't think I ever said a bad word about the Bush Administration's response to the crisis.

bush_cheney2004 · March 6, 2009

You did though. When the stock market started to crash under Bush, you indicated that it was time to load up the truck with bargain stocks. Now you just fret about your "portfolio" as though there shall ne'er be a recovery again.
lol.

I did load up on bargain stocks, and Obama has figured out a way to drive them even lower....amazing!

My "portfolio" is fine because I moved the serious money to the sidelines in September, anticipating a rebound because of the first bailout bill.....which failed and tanked stocks further....turns out to have been the best move I ever made.

See, I have real money in this game....not make believe from across the border.

bush_cheney2004 · March 6, 2009

In fact, I don't think I ever said a bad word about the Bush Administration's response to the crisis.

Maybe yes...maybe no...but I doubt you were a cheerleader bidding patience for the next 12 months either.

Smallc · March 6, 2009

but I doubt you were a cheerleader bidding patience for the next 12 months either.

I'm still not suggesting people be patient for the next twelve months. I'm suggesting that we should do what we can, but that it won't make much of a difference in the short term.

bush_cheney2004 · March 6, 2009

I'm still not suggesting people be patient for the next twelve months. I'm suggesting that we should do what we can, but that it won't make much of a difference in the short term.

Long term either......as was first suggested months ago.

Now Obama has managed to pit taxpayers with financial responsibility against deadbeats and greedy speculators with his "mortgage bailout" plan.

Canadian Blue · March 6, 2009

I don't have much love for Obama, in fact I think he's going to be as bad as Jimmy Carter, if not worse. But I can't stand conservatives who'll stand by their guy no matter what just because he had an [R] in front of his name.

Get over it, the Bush administration was a disaster.

bush_cheney2004 · March 6, 2009

I don't have much love for Obama, in fact I think he's going to be as bad as Jimmy Carter, if not worse. But I can't stand conservatives who'll stand by their guy no matter what just because he had an [R] in front of his name.
Get over it, the Bush administration was a disaster.

What does it have to do with an "R"....I'm not a Republican.....hell, I voted for John Anderson in 1980.

The Bush Administration was not a disaster for me....and not a disaster for Canada either.

Canadian Blue · March 6, 2009

Yes, the administration was a disaster. Any person who attempts to argue that Bush ran on small government conservative principles is surely joking.

Edited March 6, 2009 by Canadian Blue

Smallc · March 6, 2009

Long term either......as was first suggested months ago.

I've not heard a consensus on that. Proper regulatory changes will make a large difference long term.

bush_cheney2004 · March 6, 2009

Please consult with Topaz for embedded links.

bush_cheney2004 · March 6, 2009

I've not heard a consensus on that. Proper regulatory changes will make a large difference long term.

Long term will take care of itself.....without any regulation. Obama's team is seizing upon this opportunity to engineer other goals, while the bleeding continues.

Smallc · March 6, 2009

Long term will take care of itself.....without any regulation. Obama's team is seizing upon this opportunity to engineer other goals, while the bleeding continues.

The bleeding would continue for the next few months no matter what. As for the rest of your post, at this point, its all a matter of opinion.

bush_cheney2004 · March 6, 2009

The bleeding would continue for the next few months no matter what. As for the rest of your post, at this point, its all a matter of opinion.

Right, so may as well take advantage of the recovery delay to overhaul the health care system, energy policy, bankruptcy law, tax deductions for high income earners, etc., etc.

Basically do all the things that shake the trees even more in a hurricane.

Edited March 6, 2009 by bush_cheney2004

Canadian Blue · March 6, 2009

Say Bush/Cheney, do you have a single criticism of the last administration? I still can't believe someone is blaming Obama for the problems in the economy considering the fact that we've been having issues for the past year.

Shady · March 6, 2009

CNBC's Macke: Obama Holding Dow Back 2,000 Points as Markets Sag

"It would if not for an administration that has created a country full of 330 million people who all want to make $249,000 a year, less they want to become one of the ‘wealthy,' who apparently the government hates," Macke said. "If this administration can get their act together and be pro-business to support the idea of success instead of penalizing it - that would be one thing that would get me excited."

Video

At least there's a bit of positive news here. If Obama would change his tune just a little, the market could bounce back pretty quickly. Unfortunately, there seems to be a complete lack of confidence in his ecnomic policy team, mostly Tim Giethner, who should have never been nominated. He's a complete disaster as Treasury Secretary. Larry Summers would have been a far better choice.

On a side note, we should probably add Jeff Macke's name to the White House enemies list. He'll probably be targeted monday by Robert Gibbs. Along with Santelli, Cramer, and Limbaugh. And just for the record, Jim Cramer is a life long Democrat, who supported Barack Obama, donated the maximum amount an individual can donate by law, and has given money to Democrats for most of his life.

bush_cheney2004 · March 7, 2009

Say Bush/Cheney, do you have a single criticism of the last administration? I still can't believe someone is blaming Obama for the problems in the economy considering the fact that we've been having issues for the past year.

Yes, I have posted such criticisms at least three times here but the server doesn't seem to like it.

I give up....

Edited March 7, 2009 by bush_cheney2004

Oleg Bach · March 7, 2009

Yes, I have posted such criticisms it at least three times but the server doesn't seem to like it.
I give up....

Remember that black list we all scrambled to get off? Well as they know I have been critial of the former administration just so I could be on the side that is winning - and apparently the former guys are not done yet as indicated by the soviet style brow beating that took place here - I loved Bush and Cheney as much as I love out Bush/Cheney! The conclution I come to is that the university of Lethbridge and the university of Toronto and big buisness are still having a love affair.

msj · March 7, 2009

I just wish Bush changed his tune a long time ago so that the markets wouldn't have fallen this far in the first place. :rolleyes:

msj · March 7, 2009

While I'm at it - I wonder how much it would help the markets if the Republicans didn't have such a complete "intellectual collapse" in the face of this economic crisis.

Surely our politicians can talk the markets back to prosperity!!!! :rolleyes:

Canadian Blue · March 7, 2009

I think these years will be known as the Bush/Obama years. More or less two Presidents who have increased the size of government, engaged in disasterous economic policies and based their decisions of idealism instead of reality. To Bush's credit though, he wasn't near as much of a protectionist as the Democrats.

The best hope the United States has is if the GOP can regroup and get majorities in the Congress and Senate. But it looks unlikely as they're more interested in flinging feces at one another over who's the "principled" conservative. They should recognize that in order to create an opposition one needs to build a large tent, you require moderates from the northeast, social conservatives from the south, and libertarians from the west.