Federal Deficit Hits October Record of $176 Billion

Yurt said:
the obama stimulus was all his....he pushed for it very hard...and even his admin says bush is only the "majority" at fault to the record deficit, thus they concede, that obama is responsible for part of the 09' deficit
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"all his" and "partly responsible" don't correlate. The birth of the emergency bailout came before the Obama election with bush/Paulson. Obama, as President, signed it. Because of the election, the Congress held off passage until after January 1, in my opinion also a mistake. Obama had the choice of going along with the bush proposal or opposing it, leaving him open to becoming another Hoover, being held responsible in history for doing nothng and being the President that caused the 2nd Depression had it occurred.
 
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belme1201 said:
As did his predecessor, you know, the one whose spending you don't want to talk about.
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Uh, huh!! You don't want to talk about the Obama mess, as you just make excuses for him.

I would be willing to bet any amount of money, the wild spending spree Obama is on, will surpass everything that Bush spent.
 
Yurt said:
it amazes me how libs blame bush's deficits for "leading" to the worst financial crisis in 70 years....YET most support obama's larger deficits and claim they actually help....i'm with you that record deficits like this are bad, and i've always maintained this

bush's deficits had little to do with the financial crisis.... further, isn't obama's stimulus part of the record 09' deficit?
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You read the "stuff" on this board, probably more than I do. You can't tell me that the same 'folks' that condemn Obama daily for all the financial woes of the country only ten months into his term aren't the same ones who give bush a pass or refuse to acknowledge the problems that were already upon us in January, 2009, having achieved his mess in 8 years. Thus I freely call them hypocrites.
 
belme1201 said:
I agree with you on all the above points, however I'm having a hell of a time trying to remember an onslaught of posts condemning bush for the record deficits in every year of his Presidency as we are seeing now. He more than doubled the deficits of the 8 years previous to his, leading to the worst financial crisis in 70+ years, but the Party sycophants were silent, thus, obviously, hypocrites, my point.
Let me reply to a reply before it is posted. bush never submitted a balanced budget, made even worse by his Iraq "supplementals".
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How many presidents have ever put a war in their budget?
 
belme1201 said:
bush's policies were a part of the financial crisis along with the Party's hands off business, de-regulation policy. If not, and you feel that way, why did you go to the trouble of posting the Benanke quote in fox about deficit spending? You can't have it both ways.
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Strange, you never mention that Geithner negotiated TARP, but that would mean you would have to be honest.
 
When you don't enact a deficit to prevent an economic meltdown, you end up with even higher debt afterwards anyway. Everything about this situation is lose. You just have to figure out how to lose least.
 
belme1201 said:
"all his" and "partly responsible" don't correlate. The birth of the emergency bailout came before the Obama election with bush/Paulson. Obama, as President, signed it. Because of the election, the Congress held off passage until after January 1, in my opinion also a mistake. Obama had the choice of going along with the bush proposal or opposing it, leaving him open to becoming another Hoover, being held responsible in history for doing nothng and being the President that caused the 2nd Depression had it occurred.
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you need to reread what i said....the stimulus is all obama's....i never said the stimulus was all of the deficit
 
Onceler said:
How many times do I have to rehash your lies?

You just have the blinders on, and are too stubborn to admit it...
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i have not lied once....you are lying about that

i notice that once again you fail to actually answer my question or explain how i lied by saying october is obama's....belme said it, yet you don't call your fellow lefty a liar....:rolleyes:

thanks for proving you lied and since you know i am right that october is the start of obama's fiscal year and you can't answer what bush has to do with october.... all you have are more lies and insults....

(yawn)
 
Onceler said:
From you? I don't run from lying hypocrites. I do tend to get weary when I have to keep repeating things for stubborn hacks, though...
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you're flat out lying....all you've said is i lied that october is obama's....

you haven't once explained how that is a lie, nor have you explained why you don't call belme a liar for saying the same thing...

maybe you can try and man up and explain yourself onceler
 
TuTu Monroe said:
Strange, you never mention that Geithner negotiated TARP, but that would mean you would have to be honest.
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"Strange" you never mention who Geithner worked for when TARP was formulated and proposed during the bush/Paulson Recession prior to Obama's election, but that would mean you would have to be honest.
 
Onceler said:
Urgent passage was needed to reassure the markets, which are now above 10K.

Seems to have worked...
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It had nothing to do with it. THIS did.

NEW YORK (MarketWatch) - The U.S. economy still faces considerable challenges, but the most likely outcome is moderate economic growth with subdued inflation, Federal Reserve Chairman Ben Bernanke said Monday. "I expect moderate economic growth to continue next year," Bernanke said in remarks to the Economic Club of New York. "Final demand shows signs of strengthening, supported by the broad improvement in financial conditions." However, "significant economic challenges remain," he said. "The flow of credit remains constrained, economic activity weak, and unemployment much too high. Future setbacks are possible." Unfortunately, economic growth probably won't be strong enough to significantly reduce the unemployment rate.

 
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