Pace of economic decline slows dramatically

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The Bush administration is to blame for the world's economic troubles.

From the moment he took office after his historic landslide victory, President Obama warned that it could take years to get the economy back on track after the disastrous Bush years, and polls show that loyal, intelligent Americans are prepared to trust him completely.

President Obama's $787 billion stimulus plan has saved the economy from collapse and put it on a gradual course to recovery.

Critics of President Obama have no credibility.

The recovery act was not designed to work in four months, it was designed to work over two years, as President Obama consistently said from the beginning. It’s going to be a while before we’re confident we’re going to have a strong, sustainable recovery in place.

Tax increases on the wealthy, long deferred by Bush, will help pay for the health care overhaul and other reforms needed to transform America's economic model.
 
I disagree that its all Bush's fault.

"...When Reagan dropped the top income tax rate from over 70% down to under 30%, all hell broke loose. With the legal and social restraint to unlimited selfishness removed, “the good of the nation” was replaced by “greed is good” as the primary paradigm.

In the years since then, mind-boggling wealth has risen among fewer than 20,000 people in America (the top 0.01 percent of wage-earners), but their influence has been tremendous. They finance “conservative” think tanks (think Joseph Coors and the Heritage Foundation), change public opinion (Walton heirs funding a covert effort to change the “estate tax” to the “death tax”), lobby congress and... president Bush(who calls the “haves and the have-more’s” his “base”), and work to strip down public institutions.

The middle class is being replaced by the working poor. American infrastructure built with tax revenues during the 1934-1981 is now crumbling and disintegrating. Hospitals and highways and power and water systems have been corporatized. People are dying...

The debate about whether or not to roll Bush’s tax cuts back to Clinton’s modest mid-30% rates is absurd. It’s time to roll back the horribly failed experiment of the Reagan tax cuts. And use that money to pay down Reagan’s debt and rebuild this nation."
http://blog.buzzflash.com/contributors/1219
 
Crashk said:
I disagree that its all Bush's fault.

"...When Reagan dropped the top income tax rate from over 70% down to under 30%, all hell broke loose. With the legal and social restraint to unlimited selfishness removed, “the good of the nation” was replaced by “greed is good” as the primary paradigm.

In the years since then, mind-boggling wealth has risen among fewer than 20,000 people in America (the top 0.01 percent of wage-earners), but their influence has been tremendous. They finance “conservative” think tanks (think Joseph Coors and the Heritage Foundation), change public opinion (Walton heirs funding a covert effort to change the “estate tax” to the “death tax”), lobby congress and... president Bush(who calls the “haves and the have-more’s” his “base”), and work to strip down public institutions.

The middle class is being replaced by the working poor. American infrastructure built with tax revenues during the 1934-1981 is now crumbling and disintegrating. Hospitals and highways and power and water systems have been corporatized. People are dying...

The debate about whether or not to roll Bush’s tax cuts back to Clinton’s modest mid-30% rates is absurd. It’s time to roll back the horribly failed experiment of the Reagan tax cuts. And use that money to pay down Reagan’s debt and rebuild this nation."
http://blog.buzzflash.com/contributors/1219
Click to expand...

Yes, when the tax rates dropped the entrepreneurial spirit in America did explode again and for that we should be thankful.
 
DNC said:
The Bush administration is to blame for the world's economic troubles.

From the moment he took office after his historic landslide victory, President Obama warned that it could take years to get the economy back on track after the disastrous Bush years, and polls show that loyal, intelligent Americans are prepared to trust him completely.

President Obama's $787 billion stimulus plan has saved the economy from collapse and put it on a gradual course to recovery.

Critics of President Obama have no credibility.

The recovery act was not designed to work in four months, it was designed to work over two years, as President Obama consistently said from the beginning. It’s going to be a while before we’re confident we’re going to have a strong, sustainable recovery in place.

Tax increases on the wealthy, long deferred by Bush, will help pay for the health care overhaul and other reforms needed to transform America's economic model.
Click to expand...

When will Obama take responsibility for the economy?
 
Crashk said:
I disagree that its all Bush's fault.

"...When Reagan dropped the top income tax rate from over 70% down to under 30%, all hell broke loose. With the legal and social restraint to unlimited selfishness removed, “the good of the nation” was replaced by “greed is good” as the primary paradigm.

In the years since then, mind-boggling wealth has risen among fewer than 20,000 people in America (the top 0.01 percent of wage-earners), but their influence has been tremendous. They finance “conservative” think tanks (think Joseph Coors and the Heritage Foundation), change public opinion (Walton heirs funding a covert effort to change the “estate tax” to the “death tax”), lobby congress and... president Bush(who calls the “haves and the have-more’s” his “base”), and work to strip down public institutions.

The middle class is being replaced by the working poor. American infrastructure built with tax revenues during the 1934-1981 is now crumbling and disintegrating. Hospitals and highways and power and water systems have been corporatized. People are dying...

The debate about whether or not to roll Bush’s tax cuts back to Clinton’s modest mid-30% rates is absurd. It’s time to roll back the horribly failed experiment of the Reagan tax cuts. And use that money to pay down Reagan’s debt and rebuild this nation."
http://blog.buzzflash.com/contributors/1219
Click to expand...

Absolutely correct, this goes back to the Contract on America era.
 
Southern Man said:
When will that be?
Click to expand...

It could take a while. They made a pretty big mess.

I know you wanted Obama to be blamed for everything that happened from the moment he took the oath. I understand you would prefer to forget the insanity that George W. gave us. But it takes time to undo such a mess.
 
WinterBorn said:
It could take a while. They made a pretty big mess.

I know you wanted Obama to be blamed for everything that happened from the moment he took the oath. I understand you would prefer to forget the insanity that George W. gave us. But it takes time to undo such a mess.
Click to expand...
Spoken like a true yellow dog.
 
There is a movement of oppressed people behind President Obama to defend the right of Black people to have a Black President.

We are opposed by racist radical neocon domestic terrorists who will no longer be tolerated by the authorities.
 
Funny I thought the president of the US was supposed to represent everyone in the US regardless of color; guess I was wrong. *shrug*
 
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