cawacko
Well-known member
Has any President "inherited" a near perfect situation? Not one that I can recall. There will forever be issues in the world so no President is going to leave a trouble free environment to their successor.
'Obamaville' sign posted near homeless camp
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Has any President "inherited" a near perfect situation? Not one that I can recall. There will forever be issues in the world so no President is going to leave a trouble free environment to their successor.
You have no idea what you are talking about. What evidence have you that I just accepted anything with Bush as you assume? I have no "sudden" problem. Perhaps if some of your liberal buddies hadn't spent the past 8 years saying that republicans should have trashed Bush we wouldn't expect it from you with this President and point out your hypocrisy.
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The Almighty
I am jerking his chain with the apologist line. He enjoyed calling people 'bush apologists' when they disagreed with him while Bush was in office. Just returning the favor. Plus, he is apologizing for Obama.
No... he is wrong for the reasons I pointed out.
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The Almighty
Clinton....
We had just come out of a recession.
Tech, telecom, internet, biotech booms had begun
We were not at war
Oil was continually kept at artificially low levels (by those evil speculators)
Was the world perfect? No, of course not... but he inherited one of the best economies in the country's history at a time of peace. He had it pretty good when he came in. Then he tried his version of the government take over and almost killed the economy in doing so. In the end, he left us in a recession with a weak SEC, a weak military, a country in recession, fraud at Enron, world com etc... , no Glass Steagall, and non stop lies about future 'budget' surpluses.
Oh, stop already & get over the mad success of the Clinton years. Even connie cons like yourself credit him with getting out of the way & letting the economy go wild, and it's no small thing that he & the Congress at least tried to balance the budget.
And I'd love to hear what your policy would have been to avoid the inevitable downturn & keep prosperity going forever & ever & ever without ever missing a beat.
LOL
It was Newt Gingritch's congress that balanced the budget; that reformed welfare, and that helped kill hillarycare...all of which enabled Reagonomics to finish doing its job!
Spoken like a true Rushbot.
Fact: Gingrich congress reformed welfare
Fact: Gingrich republican's killed hillarycare
Fact: Gingrich congress balanced budget
These things furthered the success of Reaganomics
Does Rush actually distribute talking points, or is there a secret code he gives out on the air...like the old Ovaltine commercials?
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The Almighty
I think the downturn was indeed inevitable. The 'prosperity' of the late 1990's was built upon fraud (enron, world com, qwest, global crossing etc...) and on absolutely insane morons predicting that we were in a 'new economy' where the old rules of actual profitability being important were tossed out and we began seeing valuations of 200 times earnings or massive gains in stock valuations based on negative earnings.
That said, the complete stupidity of Congress and Clinton in repealing Glass Steagall truly was a horrendous act. We are absolutely feeling the repercussions of that today (and for many years to come).
That said... I do agree Clinton did stay out of the way of the economy (at least after the massive failure of Hillarycare). However, the weakness of the SEC under Clinton and subsequently Bush, also contributed heavily to the recessions of 2000 and 2008.
As for the fiscal policy, while I do give credit to Clinton and the Congress for attempting to balance the budget and reduce the nations debt... they still failed.
PostmodernProphet
fully immersed in faith..
a company's stock may be booming because it's earnings are up from the sales from it's Mexican factory to Brazil.......that is why stock market values will do nothing to solve the recession.....
USFREEDOM911
MAKE AMERICA GREAT AGAIN
Gee; could that be because there are fewer to lose??
The watershed of job loss has slowed. If the economy does not turn-around another watershed will occur. We will know if we see rehires and new jobs in the private sector occur in the next 3 mos.
I have a brother on his 4th extension of unemployment.
That sucks. I hope he finds employment soon.
Jarod, what is worse...
5,000,000 people out of work, or 20,000,000 people out of work?
More people are out of work than when it started, it isn't getting better.
Calling slowed job loss a recovery is a misnomer. The BEA reports are preliminary, but it looks as if we may have finally seen the bottom of this and might start to see some improvement from the bottom. It still is worse than in January, but some indicators show signs that we may start walking uphill again at some point.
If your parking company lost $30,000,000,000 in the last eleven months and you said to the shareholders that it is better than in January before you lost all that cash because now there are slightly more customers in the parking lot, they'd fire you.
How is your 401K topsy?
Is it better now, or was it better in January?
How about all of those business moguls you hob-knob with? Are they thinking about hires or fires now? What were they thinking about in January?