Barack Obama, our next President

Full story: Hampton Roads Daily Press

"The road ahead will be long. Our climb will be steep," Obama cautioned. Young and charismatic but with little experience on the national level, Obama smashed through racial barriers and easily defeated ...
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sonicfilter

Indianapolis, IN

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#771622
Oct 14, 2012
 

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DBWriter wrote:
<quoted text>Now, just answer the post with real numbers.
... dupe.
Blaming Obama for George W. Bush’s Policies

Bruce Bartlett

....Much of the Romney paper is taken up with reviewing the poor economic recovery, which is undeniable. Reading it, however, one is left with the impression that the recession occurred on President Obama’s watch because of policies he is responsible for.

Just to be clear, the National Bureau of Economic Research, the private research group that determines the starting and ending points of recessions, says the latest economic downturn began in December 2007 and ended in June 2009.

The report points to various causes of the recession as if they all just happened without the responsibility of one party or administration. As the report says,“No single party or administration is responsible for structural headwinds to growth.”

That is probably true. But what about cyclical changes in growth and unemployment? These are the ups and downs in the economy that occur around the trend rate of growth, which is determined by structural factors, as the report correctly asserts.

Factors affecting the business cycle are necessarily short-term in nature. They include Federal Reserve policy; international capital flows; industry-specific policies such as those affecting housing; fiscal policy and many others.

Such factors must necessarily have occurred after the previous recession, which ended in November 2001, according to the N.B.E.R. That’s the nature of business-cycle analysis; once a previous recession ends, the cyclical factors that gave rise to it are assumed to have been purged. The next recession will necessarily result from those factors that postdate the previous recession.

So whatever caused the 2007-9 recession had to have resulted from policies that the Bush administration was responsible for – either by initiating them or failing to act against them.

Space prohibits a full discussion of these issues, but certainly one factor had to be the squandering of budget surpluses that resulted from the policies of the Bill Clinton administration and their replacement by huge deficits under President Bush.

Mr. Bush inherited a budget surplus of $236 billion from Mr. Clinton in 2000, which fell to $128 billion in 2001. By 2002, the federal government ran a budget deficit of $158 billion, which rose to $377 billion in 2003, and $413 billion in 2004. The deficit fell to $318 billion in 2005,$248 billion in 2006, and $161 billion in 2007, then shot up to $459 billion in 2008.

It should be noted as well that the fiscal 2009 budget was submitted to Congress by Mr. Bush in January 2008 and took effect on Oct. 1 of that year – almost four months before President Obama took office.

Thus the government was running historically large budget deficits long after the end of the 2001 recession. As I have previously documented, these deficits resulted to a large extent from legislated tax cuts during the Bush years.

http://economix.blogs.nytimes.com/2012/08/14/...

“Often imitated”

Since: Jul 07

never duplicated

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#771623
Oct 14, 2012
 

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You know it's bad when...

"Romney Gains 8 Points On Faltering Obama In California

Obama had led by 22 points in the CBS 5 tracking poll released four weeks ago. Obama now leads by only 14 points, an 8-point improvement for Romney. At the same time, the poll found U.S. Sen. Dianne Feinstein’s support for her re-election bid remained largely unchanged, month-on-month, suggesting that the erosion in Democratic support is not across-the-board, but contained to Obama."

Since: Feb 08

Spokane, WA

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#771624
Oct 14, 2012
 

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RealDave wrote:
<quoted text>
You said this "our boy Obama ......."
Now, evidently, your racism is so inbred into you that you don't even know you are doing it.
"real dumb"
Dumb, dumber, dumbest. You fit the bill. The poster referred to president nobama as a boy, because he is not man enough to be an effective president.
Peace
KMA
sonicfilter

Indianapolis, IN

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#771625
Oct 14, 2012
 

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It is also important to note, though one will not find it in the economists’ report, that much of the legislated increase in the deficit under President Obama resulted from tax cuts. According to the Congressional Budget Office, tax cuts in the American Recovery and Reinvestment Act of 2009 reduced revenues by $253 billion between 2009 and 2011 – about a third of the budgetary cost of the stimulus package.

Further tax cuts agreed to by President Obama in 2010 added another $354 billion to the deficit in 2011 and a similar amount this year. Thus about $1 trillion of the deficit since 2009 came from tax cuts.

Most economists believe that running large deficits during cyclical upturns is a bad idea because they overstimulate the economy when it’s not needed and thus sow the seeds of economic imbalances that lead to subsequent recessions. One can argue that George W. Bush’s budgetary profligacy was a major cause of the 2007-9 recession – the longest and deepest of the postwar era.

Even if one isn’t willing to go that far, it is apparent that had Mr. Bush reduced budget deficits rather than enlarging them through tax cuts and spending increases for wars, pork-barrel projects and a new entitlement program (Medicare Part D), the federal government would have had more fiscal ammunition available to fight the recession that President Obama inherited from President Bush.

Because of the large deficits Mr. Bush bequeathed Mr. Obama – on Jan. 8, 2009, the C.B.O. projected a deficit for the year of $1.3 trillion that didn’t include any Obama policies – Congress was deeply reluctant to enact a stimulus larger than $787 billion, even though President Obama’s economic advisers thought that one at least twice as large was necessary to turn the economy around. The opposition of every Republican to the 2009 stimulus was a major factor in its inadequate size.

By way of analogy, suppose you go to your doctor with an illness. He correctly diagnoses it and prescribes the right medicine, but for some reason you are given a dosage only half as large as required. The medicine was enough to improve your condition, but not enough to cure you. You remain sick although you feel better and will remain so until you finally get a full dosage of the proper medicine or your body is able to cure itself, which might take years.

Note that in this analogy the medicine was properly prescribed; only the dosage was wrong. It would be incorrect to blame the medicine because you are still sick.

The Republican economists nevertheless blame the medicine itself for the failure of the economy to respond to President Obama’s prescription.

But it was Republican policies during the Bush administration that brought on the sickness and Republicans in Congress who have denied the economy an adequate dosage of the cure. Now they want to implicitly blame President Obama for causing the recession and the failure of stimulus to fix the problem, asserting that fiscal stimulus is per se ineffective.

There is a word for this: chutzpah.

http://economix.blogs.nytimes.com/2012/08/14/...
Lily Boca Raton FL

Boca Raton, FL

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#771626
Oct 14, 2012
 

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Obama 2012 wrote:
<quoted text>The Ambassador died from smoke inhalation. He was rushed to a local hospital via private automobile where he died some 6 hours later. He was never raped.
It was Gunner who posted from the Hezbollah news site that the ambassador was raped and sodomized. He's sick in the head, that kind of stuff turns him on.
Have you noticed the obsession with rape that the rightwingers have?
Lily Boca Raton FL

Boca Raton, FL

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#771627
Oct 14, 2012
 

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Realtime wrote:
<quoted text>As a rule I don't respond to fkstick, lying lunatics like you__but the Marine MSG was not assigned to combat duty in in Iraq.
The Marine Security Guards are are nice smooth faced boys who iron well along with shining that brass and those boots. They are enlisted men and commanded by enlisted men__the MSG is the only US Marine group where an enlisted man is referred to as commander. They do not carry weapons or ammo and don't even have fancy stuff on hand or even nearby, they're fkn bellboys pal__deal with it.
If Dumbrider was really a marine, he'd have know that.
sonicfilter

Indianapolis, IN

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#771628
Oct 14, 2012
 

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Republican Deficit Hypocrisy

Remember the Medicare drug benefit?

Bruce Bartlett

The human capacity for self-delusion never ceases to amaze me, so it shouldn't surprise me that so many Republicans seem to genuinely believe that they are the party of fiscal responsibility. Perhaps at one time they were, but those days are long gone.

This fact became blindingly obvious to me six years ago this month when a Republican president and a Republican Congress enacted the Medicare drug benefit, which former U.S. Comptroller General David Walker has called "the most fiscally irresponsible piece of legislation since the 1960s."

Recall the situation in 2003. The Bush administration was already projecting the largest deficit in American history--$475 billion in fiscal year 2004, according to the July 2003 mid-session budget review. But a big election was coming up that Bush and his party were desperately fearful of losing. So they decided to win it by buying the votes of America's seniors by giving them an expensive new program to pay for their prescription drugs.

Recall, too, that Medicare was already broke in every meaningful sense of the term. According to the 2003 Medicare trustees report, spending for Medicare was projected to rise much more rapidly than the payroll tax as the baby boomers retired. Consequently, the rational thing for Congress to do would have been to find ways of cutting its costs. Instead, Republicans voted to vastly increase them--and the federal deficit--by $395 billion between 2004 and 2013.

However, the Bush administration knew this figure was not accurate because Medicare's chief actuary, Richard Foster, had concluded, well before passage, that the more likely cost would be $534 billion. Tom Scully, a Republican political appointee at the Department of Health and Human Services, threatened to fire him if he dared to make that information public before the vote.(See this report by the HHS inspector general and this article by Foster.)

It's important to remember that the congressional budget resolution capped the projected cost of the drug benefit at $400 billion over 10 years. If there had been an official estimate from Medicare's chief actuary putting the cost at well more than that, then the legislation could have been killed by a single member in either the House or Senate by raising a point of order. Then-Senate Majority Leader Trent Lott, R-Miss., later said he regretted not doing so.

Even with a deceptively low estimate of the drug benefit's cost, there were still a few Republicans in the House of Representatives who wouldn't roll over and play dead just to buy re-election. Consequently, when the legislation came up for its final vote on Nov. 22, 2003, it was failing by 216 to 218 when the standard 15-minute time allowed for voting came to an end.

What followed was one of the most extraordinary events in congressional history. The vote was kept open for almost three hours while the House Republican leadership brought massive pressure to bear on the handful of principled Republicans who had the nerve to put country ahead of party. The leadership even froze the C-SPAN cameras so that no one outside the House chamber could see what was going on.

http://www.forbes.com/2009/11/19/republican-b...

“Constitutionalis t”

Since: Dec 10

Conroe, TX

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#771629
Oct 14, 2012
 

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Realtime wrote:
<quoted text>As a rule I don't respond to fkstick, lying lunatics like you__but the Marine MSG was not assigned to combat duty in in Iraq.
The Marine Security Guards are are nice smooth faced boys who iron well along with shining that brass and those boots. They are enlisted men and commanded by enlisted men__the MSG is the only US Marine group where an enlisted man is referred to as commander. They do not carry weapons or ammo and don't even have fancy stuff on hand or even nearby, they're fkn bellboys pal__deal with it.
Well, idiot, those MSGs are selected from the ranks of everyday Marine units before they are assigned embassy duty. They went everywhere and did everything every other Marine does. If you put weapons in their hands and told them to kill terrorists and Taliban and jihadists, it wouldn't be the first time they would have done that.

The next time you want to appear as if you know shitfromshinola, you should pick a subject you know something about.

Yup. Bellhops from hell, wouldn't you say?

Since: Feb 08

Spokane, WA

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#771630
Oct 14, 2012
 

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Lily Boca Raton Fl wrote:
<quoted text>
He should remain silent, he's not the President.
"silly"
Ine is not required to be president to speak his/her mind. Particularly when the speak is truth.
Peace
sonicfilter

Indianapolis, IN

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#771631
Oct 14, 2012
 

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Just to be clear, the Medicare drug benefit was a pure giveaway with a gross cost greater than either the House or Senate health reform bills how being considered. Together the new bills would cost roughly $900 billion over the next 10 years, while Medicare Part D will cost $1 trillion.

Moreover, there is a critical distinction--the drug benefit had no dedicated financing, no offsets and no revenue-raisers; 100% of the cost simply added to the federal budget deficit, whereas the health reform measures now being debated will be paid for with a combination of spending cuts and tax increases, adding nothing to the deficit over the next 10 years, according to the Congressional Budget Office.

http://www.forbes.com/2009/11/19/republican-b...
SHADOW

Bulverde, TX

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#771632
Oct 14, 2012
 

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Eman wrote:
<quoted text>
Wait...Biden already has claim to the nickname "Chuckles"
Biden's nicname is Uncle Plugs, you should know that.
That grin of his looks like some demonic animal.
Lily Boca Raton FL

Boca Raton, FL

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#771633
Oct 14, 2012
 

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dem wrote:
<quoted text>
Cause he volunteered you stupid fkn immigrant azzhole.
Obama leads Romney by 59 percent to 31 percent among early voters, according to Reuters/Ipsos polling data compiled in recent weeks.

Where's Mitts tax returns?
Lily Boca Raton FL

Boca Raton, FL

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#771634
Oct 14, 2012
 

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EasyEed wrote:
<quoted text>
"silly"
Ine is not required to be president to speak his/her mind. Particularly when the speak is truth.
Peace
Have you been hanging out in Kentucky?

“Constitutionalis t”

Since: Dec 10

Conroe, TX

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#771635
Oct 14, 2012
 

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sonicfilter wrote:
It is also important to note, though one will not find it in the economists’ report, that much of the legislated increase in the deficit under President Obama resulted from tax cuts. According to the Congressional Budget Office, tax cuts in the American Recovery and Reinvestment Act of 2009 reduced revenues by $253 billion between 2009 and 2011 – about a third of the budgetary cost of the stimulus package.
Further tax cuts agreed to by President Obama in 2010 added another $354 billion to the deficit in 2011 and a similar amount this year. Thus about $1 trillion of the deficit since 2009 came from tax cuts.
Most economists believe that running large deficits during cyclical upturns is a bad idea because they overstimulate the economy when it’s not needed and thus sow the seeds of economic imbalances that lead to subsequent recessions. One can argue that George W. Bush’s budgetary profligacy was a major cause of the 2007-9 recession – the longest and deepest of the postwar era.
Even if one isn’t willing to go that far, it is apparent that had Mr. Bush reduced budget deficits rather than enlarging them through tax cuts and spending increases for wars, pork-barrel projects and a new entitlement program (Medicare Part D), the federal government would have had more fiscal ammunition available to fight the recession that President Obama inherited from President Bush.
Because of the large deficits Mr. Bush bequeathed Mr. Obama – on Jan. 8, 2009, the C.B.O. projected a deficit for the year of $1.3 trillion that didn’t include any Obama policies – Congress was deeply reluctant to enact a stimulus larger than $787 billion, even though President Obama’s economic advisers thought that one at least twice as large was necessary to turn the economy around. The opposition of every Republican to the 2009 stimulus was a major factor in its inadequate size.
By way of analogy, suppose you go to your doctor with an illness. He correctly diagnoses it and prescribes the right medicine, but for some reason you are given a dosage only half as large as required. The medicine was enough to improve your condition, but not enough to cure you. You remain sick although you feel better and will remain so until you finally get a full dosage of the proper medicine or your body is able to cure itself, which might take years.
Note that in this analogy the medicine was properly prescribed; only the dosage was wrong. It would be incorrect to blame the medicine because you are still sick.
The Republican economists nevertheless blame the medicine itself for the failure of the economy to respond to President Obama’s prescription.
But it was Republican policies during the Bush administration that brought on the sickness and Republicans in Congress who have denied the economy an adequate dosage of the cure. Now they want to implicitly blame President Obama for causing the recession and the failure of stimulus to fix the problem, asserting that fiscal stimulus is per se ineffective.
There is a word for this: chutzpah.
http://economix.blogs.nytimes.com/2012/08/14/...
Please be specific.
What is the verbiage in the legislation that reduced taxes.
Who's taxes were reduced?
And, why did Obama reduce revenue at a time the debt was threatening our existence?

Since: Feb 08

Spokane, WA

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#771636
Oct 14, 2012
 

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Lily Boca Raton Fl wrote:
<quoted text>
That is not charitable, that is money laundering to avoid taxes.
"silly"
Bullsh*t!!!!!
Peace
And so it goes

Scottsbluff, NE

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#771637
Oct 14, 2012
 

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Realtime wrote:
<quoted text>__if the Benghazi mission needed security it would have had real security.
I think there is no "if" they needed more security. 4 dead people answered that.

Since: Feb 08

Spokane, WA

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#771638
Oct 14, 2012
 

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The topix censors are on the job. "bullshiit" in their mind is inappropriate language. I'll probably have to change the spelling to "bullsh*t.
Peace
Lily Boca Raton FL

Boca Raton, FL

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#771639
Oct 14, 2012
 

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Arlen Spector died

“Often imitated”

Since: Jul 07

never duplicated

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#771640
Oct 14, 2012
 

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sonicfilter wrote:
<quoted text>

Mr. Bush inherited a budget surplus of $236 billion from Mr. Clinton in 2000, which fell to $128 billion in 2001[9/11/2001]. By 2002, the federal government ran a budget deficit of $158 billion, which rose to $377 billion in 2003, and $413 billion in 2004. The deficit fell to $318 billion in 2005,$248 billion in 2006, and $161 billion in 2007, then shot up to $459 billion in 2008 [1 years after democrats took control of congress].
I put historical content in for ya.
SHADOW

Bulverde, TX

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#771641
Oct 14, 2012
 

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Lily Boca Raton FL wrote:
<quoted text>
BFD, who cares?
No one on your side. It was the plan to run interference for pugs biden.
What do you think it was. Moderator hell. Martha was there to distract Ryan and help the pathetic VP.
Everyone is talking about how many times joe interupted Ryan and you need to count how many times Martha did and she changed the subject over and over when Ryan was trying to make a point.
Trouble with this whole sleazy mess is America watched it and it can't be denied or pushed under the carpet like the administration did with the deaths of our people.
lily you haven't changed one bit.

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