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Is The President Looking Better Economically Than Bill Clinton?

sawdust

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Clinton laid much of the groundwork for the collapse of the economy in 2008. He signed the modification of Smoot Hawley with his passage of Graham Leach Bliley and he had Janet Reno use the CRA to crack down on red lining that opened up mortgages to people who were not really credit worthy. He balanced the budget only after he lost a battle in congress with Gingrich and Kasich that momentarily shut down the government. He was also fortunate enough to serve as president during the internet revolution although many of the internet startups of the nineties failed because developers had not yet figured out how to monetize their web companies. Obama on the other hand is a blithering idiot. He's wasting billions of dollars on green companies promoting technologies that aren't ready for market and Obamacare will doom us to decades of high unemployment and decreasing quality of care. His solution to a sagging economy is to have helicopter Ben Bernanke promote endless rounds of quantitative easing. With Obama at the helm we are going to have to print money until we run out of paper.
 

Campbell

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Clinton laid much of the groundwork for the collapse of the economy in 2008. He signed the modification of Smoot Hawley with his passage of Graham Leach Bliley and he had Janet Reno use the CRA to crack down on red lining that opened up mortgages to people who were not really credit worthy. He balanced the budget only after he lost a battle in congress with Gingrich and Kasich that momentarily shut down the government. He was also fortunate enough to serve as president during the internet revolution although many of the internet startups of the nineties failed because developers had not yet figured out how to monetize their web companies. Obama on the other hand is a blithering idiot. He's wasting billions of dollars on green companies promoting technologies that aren't ready for market and Obamacare will doom us to decades of high unemployment and decreasing quality of care. His solution to a sagging economy is to have helicopter Ben Bernanke promote endless rounds of quantitative easing. With Obama at the helm we are going to have to print money until we run out of paper.
Those urban legends are why you people have lost the popular vote in five of the last six presidential elections. Romney won two demographics....white men and voters over 65. Since whites will become a minority in the next couple of decades and folks over 65 are dying 100 times faster than those under 30 you might want to consider something different. T Party bull**** is not gonna cut it. Lower taxes for the wealthy funneling more and more money to the top ain't gonna cut it. Unfunded oil wars you declare knowing your offspring will be safe in an ivy league college ain't gonna cut it. You people are getting in deeper every time a Rand Paul or Grover Norquist opens their mouth.
 

sawdust

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And that has to do with the Clinton economy exactly what?

I agree with you that Obama got elected because he's half black. He's liberal and got the liberal vote. He's half black and got the black vote and he's cooler than McCain and Romney put together. Romney had a stronger resume than Obama and is more qualified for the executive branch but Obama is better at media manipulation and public relations. Assad made a good point in his recent CNN interview when he said that our government is a social media government. More people are interested in Molly Cyrus than the conflict in Syria so I wouldn't be proud about electing flash over substance.
 

jonny5

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Those urban legends are why you people have lost the popular vote in five of the last six presidential elections. Romney won two demographics....white men and voters over 65. Since whites will become a minority in the next couple of decades and folks over 65 are dying 100 times faster than those under 30 you might want to consider something different. T Party bull**** is not gonna cut it. Lower taxes for the wealthy funneling more and more money to the top ain't gonna cut it. Unfunded oil wars you declare knowing your offspring will be safe in an ivy league college ain't gonna cut it. You people are getting in deeper every time a Rand Paul or Grover Norquist opens their mouth.
Ill remember to says 'this is why you lost' when you lose. People are tired of rhetoric.
 

specklebang

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Q: Is The President Looking Better Economically Than Bill Clinton?

A: Obama's net worth in 2010 was $7.3 million. But in the same year Secretary of State Hillary Clinton had a net worth of $31 million and Bill Clinton, who has an estimated net worth of $55 million.

So, Clinton has more money than Obama so he must have been a better President.
 

Campbell

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And that has to do with the Clinton economy exactly what?

I agree with you that Obama got elected because he's half black. He's liberal and got the liberal vote. He's half black and got the black vote and he's cooler than McCain and Romney put together. Romney had a stronger resume than Obama and is more qualified for the executive branch but Obama is better at media manipulation and public relations. Assad made a good point in his recent CNN interview when he said that our government is a social media government. More people are interested in Molly Cyrus than the conflict in Syria so I wouldn't be proud about electing flash over substance.
So it's a racial thing?

Just take a look at the hill billys and cowboys:

 

sawdust

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So it's a racial thing?

Just take a look at the hill billys and cowboys:
Race had a lot to do with Obama's election. I know, although not well, Herman Cain. I wanted to work for him when he ran for the Senate in Georgia but couldn't spare the time. It's about ideology for me, not race, but you will never convince me that an overwhelming number of blacks only see Obama's race and support him even though his presidency has been disastrous for the black community. I do sense a very disagreeable racial bias in what you've posted however.
 

VanceMack

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Oh yeah..the guy is a rockstar. Of course, more people than ever before are on government assistance, have vanished from the workforce, cities and states across the country are on the verge of bankruptcy, trade is down, deficits continue to skyrocket, the black community alone is in more dire straights in every possible category than ever before. But Obama...wooohooooo!!! Yeah boy...gimme some more of that!

Someone mentioned 'race'? 97% of the people that have been hardest hit during this administration voted for more of the same. Call that what you want...but on the plus side...they got 4 more years of it.
 

Campbell

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Race had a lot to do with Obama's election. I know, although not well, Herman Cain. I wanted to work for him when he ran for the Senate in Georgia but couldn't spare the time. It's about ideology for me, not race, but you will never convince me that an overwhelming number of blacks only see Obama's race and support him even though his presidency has been disastrous for the black community. I do sense a very disagreeable racial bias in what you've posted however.
LMAO!!! Is it coincidence that the Pizza King who wanted a flat tax(The Republican Dream) was the black you wanted to support?

 

sawdust

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LMAO!!! Is it coincidence that the Pizza King who wanted a flat tax(The Republican Dream) was the black you wanted to support?

Herman Cain built Godfathers Pizza into a formidable chain. Your GINI nonsense means nothing to me. I hope everyone in America does well but I recognize that not everyone has the same goals, does the same preparation or wants to devote the time it takes to be successful. The reason that your chart is meaningless is that the economy is not a zero sum game and winners doesn't mean there are losers. I suspect that you may need to look that up to understand it.
 

Neomalthusian

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No.....but Bill Clinton was the best since Franklin Roosevelt.
Your support of free trade, lower capital gains taxes, and the repeal of Glass Steagall is noted. Thanks!

You must be excited about Larry Summers being a top contender for chairman of the Federal Reserve, huh? I wonder what you wouldn't justify and try to rationalize Democrats doing. You'll go to the ends of the Earth to preserve the myth that the parties have some inherently different agenda.
 
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Velvet Elvis

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Those urban legends are why you people have lost the popular vote in five of the last six presidential elections. Romney won two demographics....white men and voters over 65. Since whites will become a minority in the next couple of decades and folks over 65 are dying 100 times faster than those under 30 you might want to consider something different. T Party bull**** is not gonna cut it. Lower taxes for the wealthy funneling more and more money to the top ain't gonna cut it. Unfunded oil wars you declare knowing your offspring will be safe in an ivy league college ain't gonna cut it. You people are getting in deeper every time a Rand Paul or Grover Norquist opens their mouth.
Seriously, Soupy? Your stupid notion that 0bama is better economically than Clinton is solidified by THIS?

That's like someone asking you if you like apples or oranges, and you say "banana."
 

Campbell

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Herman Cain built Godfathers Pizza into a formidable chain. Your GINI nonsense means nothing to me. I hope everyone in America does well but I recognize that not everyone has the same goals, does the same preparation or wants to devote the time it takes to be successful. The reason that your chart is meaningless is that the economy is not a zero sum game and winners doesn't mean there are losers. I suspect that you may need to look that up to understand it.
Damn strange that the trend upward for the high dollar folks began after Reagan slashed tax rates to the lowest they had been in 50 years. He continued to spend at an even greater rate and by the time Bush41 left office the national debt had quadrupled effectively funneling borrowed trillions into the hand of the wealthiest people in America. It's why after being a Republican for thirty years I vowed to never vote for another one during my lifetime.

 

sawdust

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Damn strange that the trend upward for the high dollar folks began after Reagan slashed tax rates to the lowest they had been in 50 years. He continued to spend at an even greater rate and by the time Bush41 left office the national debt had quadrupled effectively funneling borrowed trillions into the hand of the wealthiest people in America. It's why after being a Republican for thirty years I vowed to never vote for another one during my lifetime.
This is a great example of why you shouldn't talk about taxes. When considering taxes you have to talk about tax policy, not just marginal rates. During Eisenhower the marginal rate was very high but the tax code made nearly everything deductible, there were lots of dodges and loopholes. Through the years, deductions were removed, no more three martini lunches, the corporate yacht or fishing boat was tightened up for the deductibility of it's use, as was the second home. There used to be a deduction called the charitable split dollar plan where you bought an insurance policy and made the charity the beneficiary and then add money to the plan. Your contribution was deductible and you got to borrow as much money as you wanted until you died and then the life insurance would pay back your loan. Those kind of things are now gone and in turn the marginal rate is lower which encourages people to be honest with their taxes and pay them. You should stay away from the graphs. They just confuse you.
 

jonny5

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Damn strange that the trend upward for the high dollar folks began after Reagan slashed tax rates to the lowest they had been in 50 years. He continued to spend at an even greater rate and by the time Bush41 left office the national debt had quadrupled effectively funneling borrowed trillions into the hand of the wealthiest people in America. It's why after being a Republican for thirty years I vowed to never vote for another one during my lifetime.
Now if you would just do the same with the democrats who have hurt the country economically and personally through a plan of govt dependency, massive spending and regulation, then that would at least be one less vote destroying the country. I dont vote for Republicans either. Why wont you stop voting for democrats?
 

greengirl77

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Race had a lot to do with Obama's election. I know, although not well, Herman Cain. I wanted to work for him when he ran for the Senate in Georgia but couldn't spare the time. It's about ideology for me, not race, but you will never convince me that an overwhelming number of blacks only see Obama's race and support him even though his presidency has been disastrous for the black community. I do sense a very disagreeable racial bias in what you've posted however.
The same could be said about whities as well Romney. Bush 1, Bush 2, Reagan as well then could it not??? What a stupid comparison!
 

sawdust

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The same could be said about whities as well Romney. Bush 1, Bush 2, Reagan as well then could it not??? What a stupid comparison!
Don't be ridiculous. The first half black man to be nominated by a major party won two elections. I contend that being half black helped him because of a number of factors. How many of our past presidents ran against a person of color who had the nomination of a major party? You may need some help with the answer and I am here to help you. The answer would be none. Barry O is the only frame of reference you have and citing past presidents is meaningless.

Don't misunderstand me, I'm totally fine with any president based on race, ethnicity and gender just as long as they aren't liberal.
 

Campbell

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This is a great example of why you shouldn't talk about taxes. When considering taxes you have to talk about tax policy, not just marginal rates. During Eisenhower the marginal rate was very high but the tax code made nearly everything deductible, there were lots of dodges and loopholes. Through the years, deductions were removed, no more three martini lunches, the corporate yacht or fishing boat was tightened up for the deductibility of it's use, as was the second home. There used to be a deduction called the charitable split dollar plan where you bought an insurance policy and made the charity the beneficiary and then add money to the plan. Your contribution was deductible and you got to borrow as much money as you wanted until you died and then the life insurance would pay back your loan. Those kind of things are now gone and in turn the marginal rate is lower which encourages people to be honest with their taxes and pay them. You should stay away from the graphs. They just confuse you.
Bull****! The common denominator for debt in the last 30 years in this country is tax cuts for the wealthy. When do you expect your check from Trickle Down??

Look closely at the drop of the upper 1% which began during Reagan years as Bill Clinton left office. Bill Clinton raised tax rates for the wealthiest and things were beginning to show a little more equality when he left office. Guess what? After assuming a balanced budget with surpluses projected all the way to the debt being completely settled Bush used reconciliation to cut tax rates for his oil buddies not just once but two times, 2001 and 2003. Then the rich got richer and the poorer sucked wind:

 
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sawdust

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Bull****! The common denominator for debt in the last 30 years in this country is tax cuts for the wealthy. When do you expect your check from Trickle Down??

Look closely at the drop of the upper 1% which began during Reagan years as Bill Clinton left office. Bill Clinton raised tax rates for the wealthiest and things were beginning to show a little more equality when he left office. Guess what? After assuming a balanced budget with surpluses projected all the way to the debt being completely settled Bush used reconciliation to cut tax rates for his oil buddies not just once but two times, 2001 and 2003. Then the rich got richer and the poorer sucked wind:
There is so much you don't know I really doubt that it's worth my time and energy to bring you up to speed. You've demonstrated that you don't know about tax policy. You don't understand that the economy is zero sum. Trust me. Your graph is meaningless. Capitalism promotes growth and opportunity. Socialism strives for shared misery. You seem to think that because there are successful people in the world someone has to lose. nothing could be further from the truth. Your outlook is sad and I'm sorry I can't help you.

Learn about tax policy and then come back and talk to me. Until you do, you are out of your depth.
 

Velvet Elvis

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There is so much you don't know I really doubt that it's worth my time and energy to bring you up to speed. You've demonstrated that you don't know about tax policy. You don't understand that the economy is zero sum. Trust me. Your graph is meaningless. Capitalism promotes growth and opportunity. Socialism strives for shared misery. You seem to think that because there are successful people in the world someone has to lose. nothing could be further from the truth. Your outlook is sad and I'm sorry I can't help you.

Learn about tax policy and then come back and talk to me. Until you do, you are out of your depth.
Fixed that for you.
 

sawdust

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Fixed that for you.
I'm pretty new here and feeling my way around. I have seen that some of the posters here are extremely bright. I read them and learn from or admire their thoughtfulness. I seem to be attracted to responding to some of the less educated or aware however. I think I may have some sort of character flaw. Thanks for the edit.
 

Velvet Elvis

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I'm pretty new here and feeling my way around. I have seen that some of the posters here are extremely bright. I read them and learn from or admire their thoughtfulness. I seem to be attracted to responding to some of the less educated or aware however. I think I may have some sort of character flaw. Thanks for the edit.
Please. Feeding the trolls is nothing but entertainment. Don't expect anything substantial from it.
 
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