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United States loses its AAA Credit rating from S & P

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My source seems to understand a free market better than you.

It's too bad that neo cons have no real concept of free market. If they did, they would most certainly not blame Obama for the current economy. My point would have ultimately been to demonstrate how no matter which party we vote for, the results are mostly indistinguishable between parties. And yet this is what people focus on. All of the debt piling up was happening long before Obama was even in the senate. Think about it. The government is thoroughly corrupted, and it certainly it doesn't work for average people. And while Americans are bickering about which party to blame, nothing changes. All sides have failed us.
 

Where he started, 142.2 million employed to 139 million? 12.6 million unemployed to 15.1 million. That is definitely liberal improvement, LOL

Do you always buy the leftwing spin and ignore actual results? They are making you look foolish and laughing their asses off.
 

You have shown no evidence that you have a clue what went on in the 80's and what Reagan inherited. Too bad because that has blinded you to the present and the disaster in the WH
 

This "inherited" line of defense is so pathetic. How about Bush inheriting a social security and medicare system when he plainly stated he preferred a system of private accounts? How about Bush inheriting a system where Fannie and Freddie were already ticking time bombs. How about Ike inheriting a system which had a fully functioning "military and industrial complex" that he wouldn't have fostered if he'd had his druthers. How about Truman inheriting WWII. How about Nixon inheriting the Great Society programs.
 
shintao said:
He also inherited all of Bush's debt, so what was your point? LOL!!
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Yes, just like Bush inherited 5.7 trillion from Clinton. So inheriting 10.4 trillion from Bush makes it ok that Obama has increased it to 14.5 trillion? Interesting liberal logic. Deficits are yearly and add to the debt. obama spending has added 4 trillion in less than 3 years. Guess you slept through the past three years and still blame Bush for Obama spending
 

Do you find it surprising that he didn't go from losing 700,000+ jobs per month to gaining jobs in the blink of an eye? That's not how the real world works. It takes time to stem the flood of job losses, which of course reduces employment. Then you can start adding jobs.

And what Obama inherited: economy shedding 700,000+ jobs per month, GDP shrinking at 6+% per year, financial institutions teetering on the edge of collapse, trillion+ deficit.... Nice improvement.
 
Conservative said:
You have shown no evidence that you have a clue what went on in the 80's and what Reagan inherited. Too bad because that has blinded you to the present and the disaster in the WH
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Hmmm interesting:


Reality behind lofty rhetoric on Reagan legacy



In fact, weekly per worker income dropped substantially during the Reagan years. Where the average American might take home a paycheck for $366 in 1972, she would earn $312 in 1987. Median family income, about $31,000 a year in 1973, plummeted in the early 1980s until recovering to 1973 levels in the late 1980s. After-tax median income, however, remained well below 1970s-era levels because of the redistribution of wealth caused by the tax cuts and debts regimen of the Reagan years.

HoustonChronicle.com - Reality behind lofty rhetoric on Reagan legacy
 

Nice distortion, do you know how many jobs were lost during the Bush years? So what is your excuse for the bush* record today? What is it about wingnuttery that creates such loyalty? Must be youth and inexperience.

bush* economic results in 2011, .4% GDP and 1.3% GDP growth in 2011, 24+ million unemployed or under employed Americans in 2011, 4 trillion added to the debt in less than 3 years, and a downgrade of the U.S. credit rating. Rising Misery index 7.83 to 12.67. bush* was the First President in U.S. History to cause a credit downgrade
 

I find it amazing that the Obama disapproval rating is over 50% and my bet is the 25 million unemployed or under employed Americans aren't impressed by the Obama record
 

You might want to check out some of conservatives past post and what he has to say about the gipper inheriting carters economy.
 

Bush* caused the current economic disaster with his big spending, big govt program to destroy jobs

bsuh* economic results in 2011, .4% GDP and 1.3% GDP growth in 2011, 24+ million unemployed or under employed Americans in 2011, 4 trillion added to the debt in less than 3 years, and a downgrade of the U.S. credit rating. Rising Misery index 7.83 to 12.67. bsuh* was the First President in U.S. History to cause a credit downgrade
 

I am sure that the 25 million unemployed or under employed Americans are impressed by the analysis of the newspayer of the Reagan legacy.
 
donc said:
You might want to check out some of conservatives past post and what he has to say about the gipper inheriting carters economy.
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What was the misery index on January 21, 1982
 

I agree, those are all relevant things to consider. In fact, you would have to be wearing blinders not to recognize historical factors like Ike raising taxes, building the nation's highway system (huge government spending), and cutting military spending. Like Bush never vetoing a bill during the six years Republicans controlled Congress. Like Nixon massively expanding the Great Society programs.
 
Conservative said:
I am sure that the 25 million unemployed or under employed Americans are impressed by the analysis of the newspayer of the Reagan legacy.
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All 25 million or just a fraction of?
 

the rightwinges job is to ignore the bush* job destruction program of big spending and big govt debt. When Obama took office, he started creating jobs, but when the rightwingers won the house, they started destroying jobs again. If the right ever ran anything they would understand that democrats always inherit republican caused problems and it is their job to fix it. If they don't then someone else will be hired to do it.
 

Like Obama firing missiles into Pakistan, a country we're not at war with, like almost as many soldiers being killed on Obama's watch as on Bush's watch, like Obama signing tax cuts for millionaires and billionaires.
 
AdamT said:
And what Obama inherited: economy shedding 700,000+ jobs per month, GDP shrinking at 6+% per year, financial institutions teetering on the edge of collapse, trillion+ deficit.... Nice improvement.
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thanks to bush*. the rightwingers in DC always screw up the economy. It takes a dem to fix it
 
Conservative said:
You have shown no evidence that you have a clue what went on in the 80's and what Reagan inherited. Too bad because that has blinded you to the present and the disaster in the WH
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Blind, are you? -well I did post the facts about the 80s, and I demonstrated that Reagan spent more than even the most generous social reformer.

I am not a liberal, and I do not support Obama. I can see the damage he is doing. He's adding to damage that has already been done by BOTH sides.
 

No bush* handed Obama 12.6 million unemployed and he started creating jobs until the repubs won the house. bush* handed Obama 142.2 million working Americans and the repubs in the house turned it into 139 million. rightwingers apparently thought bsuh* di such a great job that they took the bush* job destruction pgm results and made them worse
 
Conservative said:
Congress makes the laws and Congress approves all the legislation. That is basic civics. Seems to day 2 1/2 years after Obama took office you are still blaming Bush for Obama results
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And that's why you blame Obama; because it's congress' fault :roll:

The rightwing has nothing but a pack of lies
 

Obama inherited a $10T debt from the republicans big spending programs that mired us in debt.

bush* economic results in 2011, .4% GDP and 1.3% GDP growth in 2011, 24+ million unemployed or under employed Americans in 2011, 4 trillion added to the debt in less than 3 years, and a downgrade of the U.S. credit rating. Rising Misery index 7.83 to 12.67. bush* was the First President in U.S. History to cause a credit downgrade
 
Conservative said:
Post 915 tells you how much Obama improved the employment situation.
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And what Obama inherited: economy shedding 700,000+ jobs per month, GDP shrinking at 6+% per year, financial institutions teetering on the edge of collapse, trillion+ deficit.... Nice improvement.
 

Now you're getting the idea, but you're forgetting about the $10T in debt that Obama inherited from the rightwing big spending policies
 
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