88 million unemployed in Obamanomics.

[Robsan5]

griddy wrote:

<quoted text>Not to mention Obama's "too big to fail" fiasco, which has 80% of the money supply in the hands of the 5 biggest banks and the gov't takeover of American manufacturing with control of the former world's largest automaker - giving us nice little items like the $7,500 gov't subsidy applied to a car the socialists want you to buy.

GM had something like 180 billion in debt and 80 billion in assets. Where were they going to get anyone to invest in them?

Robert

[Out to Lunch]

Robsan5 wrote:

<quoted text>
GM had something like 180 billion in debt and 80 billion in assets. Where were they going to get anyone to invest in them?
Robert

It's why we have bankrupcy laws dumdum

[Robsan5]

Out to Lunch wrote:

<quoted text>
It's why we have bankrupcy laws dumdum

If You Can Read This Turn Me Over!

Robert

[Trolls]

Robsan5 wrote:

<quoted text>
Obama is trying to repair/the damage bush left us with/ the cliff he pushed us off?
i've been correcting Nutjobs like you for decades....
Robert

Come on Bob, you complain about bumper sticker slogans yet blessed us with 4 of your own in this one post.

[Robsan5]

Out to Lunch wrote:

<quoted text>
It's why we have bankrupcy laws dumdum

"In fact, the bailout began with President George W. Bush, who was forced to lend GM and Chrysler $17.4 billion in December 2008 after Senate Republicans blocked a rescue plan in Congress. Bush told reporters just last week that he was warned by Federal Reserve Chairman Ben Bernanke and Treasury Secretary Hank Paulson that if he didn't act to shore up GM and Chrysler, up to 1 million jobs could vanish. Knowing what we know now, says Bush, "I'd do it again.""
http://autos.yahoo.com/blogs/motoramic/mitt-r...

"These companies would have closed their doors and liquidated" without government money, Rattner said. He explained that at the height of the financial collapse there simply wasn't private financing available, meaning that the companies would have shut down and been sold in pieces. "We took every phone call, we made as many outgoing calls as we could think of."
http://content.usatoday.com/communities/drive...

[Robsan5]

Trolls wrote:

<quoted text>
Come on Bob, you complain about bumper sticker slogans yet blessed us with 4 of your own in this one post.

I was correcting the incorrect information Consistent posted about the oil embargo and interest rates. I'm not gonna touch his 'social engineering' comment (wtf does it even mean) and I did cover his inflation claim with the quote from the Reagan Library.
If you need more detailed explainations about these topics, I'd be happy to post more....

Robert

[Trolls]

Robsan5 wrote:

<quoted text>
I was correcting the incorrect information Consistent posted about the oil embargo and interest rates. I'm not gonna touch his 'social engineering' comment (wtf does it even mean) and I did cover his inflation claim with the quote from the Reagan Library.
If you need more detailed explainations about these topics, I'd be happy to post more....
Robert

I'm just sayin, even "detailed explanations" contain "bumper sticker slogans". And often, bumper sticker slogans are factual.

[cantmakeitup]

Robsan5 wrote:

<quoted text>
"In fact, the bailout began with President George W. Bush, who was forced to lend GM and Chrysler $17.4 billion in December 2008 after Senate Republicans blocked a rescue plan in Congress. Bush told reporters just last week that he was warned by Federal Reserve Chairman Ben Bernanke and Treasury Secretary Hank Paulson that if he didn't act to shore up GM and Chrysler, up to 1 million jobs could vanish. Knowing what we know now, says Bush, "I'd do it again.""
http://autos.yahoo.com/blogs/motoramic/mitt-r...
"These companies would have closed their doors and liquidated" without government money, Rattner said. He explained that at the height of the financial collapse there simply wasn't private financing available, meaning that the companies would have shut down and been sold in pieces. "We took every phone call, we made as many outgoing calls as we could think of."
http://content.usatoday.com/communities/drive...

The sky is falling, the ant farm is tipping over, the world is ending in December...take your pick. Just a bunch of propagandist talking points to deflect from the fact that the great capitalists of Washington, DC, the protectors of supply and demand, the overlords of "let the system work, why do you hate capitalism and corporations so much" could not let their campaign contributors file for bankruptcy like "the little people".

[Robsan5]

Trolls wrote:

<quoted text>
I'm just sayin, even "detailed explanations" contain "bumper sticker slogans". And often, bumper sticker slogans are factual.

You aren't making sense...
If I say the moon is 100 miles from the earth, and you correct me by posting that it is actually 238,855 miles on average, how is that a 'bumpersticker slogan'?

Robert

[Robsan5]

cantmakeitup wrote:

<quoted text>
The sky is falling, the ant farm is tipping over, the world is ending in December...take your pick. Just a bunch of propagandist talking points to deflect from the fact that the great capitalists of Washington, DC, the protectors of supply and demand, the overlords of "let the system work, why do you hate capitalism and corporations so much" could not let their campaign contributors file for bankruptcy like "the little people".

I'm not trying to burst your ego here, I'm sure you are a very important person, but you filing for bankruptcy probably wouldn't have the same worldwide effect as GM. I'm just saying....

Robert

[Trolls]

Robsan5 wrote:

<quoted text>
You aren't making sense...
If I say the moon is 100 miles from the earth, and you correct me by posting that it is actually 238,855 miles on average, how is that a 'bumpersticker slogan'?
Robert

So blaming Bush is NOT a bumper sticker slogan? Your answer will show us if you are blindly partisan or not.

[jw in the grove]

Robsan5 wrote:

<quoted text>
Obama is trying to repair the damage bush left us with, or have you forgotten the cliff he pushed us off?
The oil embargo was under Nixon, another republican, not Carter.
Interest rates were 15% the day Reagan was elected, and they climbed another 5% while Reagan was in office. It wasn't until 1985 that interest rates went below 10%.
Reagan did help the US economy:
"The economic gains, however, came at a cost of a record annual deficit and a ballooning national debt. The budget deficit was exacerbated by a trade deficit."
http://www.reagan.utexas.edu/archives/referen...
Sorry, but i've been correcting Nutjobs like you for decades....
Robert

if reagans deficit and debt was bad the public debt rose from $712 billion in 1980 to $2,052 billion in 1988, adding 1.34 trillion in 8 years, which is less than obama adds every year so far. So you must be irrate at that right?

[RU Kidding]

jw in the grove wrote:

<quoted text>if reagans deficit and debt was bad the public debt rose from $712 billion in 1980 to $2,052 billion in 1988, adding 1.34 trillion in 8 years, which is less than obama adds every year so far. So you must be irrate at that right?

Not to mention that the length between jobs is more than twice in Obamanomics as compared to Reagan.

[Robsan5]

Trolls wrote:

<quoted text>
So blaming Bush is NOT a bumper sticker slogan? Your answer will show us if you are blindly partisan or not.

Bush absolutely should take a lot of the blame for the recession of 2007, at least as much as any can be pinned on a president. Obama took office in January 2009, so I don't think he had much to do with it....
And things did get worse under Obama, no doubt. Unemployment climbed from about 8% when he took over, hit a high of about 10.1%, and now is about 8.1%.
Here's some more 'bumperstickers':
http://www.bls.gov/spotlight/2012/recession/p...
and what are the other three bumperstickers I posted?

Robert

[cantmakeitup]

Robsan5 wrote:

<quoted text>
I'm not trying to burst your ego here, I'm sure you are a very important person, but you filing for bankruptcy probably wouldn't have the same worldwide effect as GM. I'm just saying....
Robert

That goes without saying. But the world would not have ended if GM, or AIG or any of the others with their hands out for money would have filed for bankruptcy. There are a number of economists, think tanks, etc who did not accept the gloom and doom prophecy that was bandied about at the time. And still do not. And the idea of bailing out these "fine" institutions,(especially GM whose demise was at least in part, due to them caving in to the ridiculous demands of the auto workers) completely flies in the face of the ideas supported by free market capitalists like Dubya.

[Robsan5]

jw in the grove wrote:

<quoted text>if reagans deficit and debt was bad the public debt rose from $712 billion in 1980 to $2,052 billion in 1988, adding 1.34 trillion in 8 years, which is less than obama adds every year so far. So you must be irrate at that right?

Reagan posted record deficits. I'm not happy with either his or obama's. Bush also left a record deficit. Clinton was the last prez to leave a surplus. So you must be a fan of his, right?

Robert

[Robsan5]

cantmakeitup wrote:

<quoted text>
That goes without saying. But the world would not have ended if GM, or AIG or any of the others with their hands out for money would have filed for bankruptcy. There are a number of economists, think tanks, etc who did not accept the gloom and doom prophecy that was bandied about at the time. And still do not. And the idea of bailing out these "fine" institutions,(especially GM whose demise was at least in part, due to them caving in to the ridiculous demands of the auto workers) completely flies in the face of the ideas supported by free market capitalists like Dubya.

Yup, lots thought we would be fine. But no responsible leader (CEO, president, etc...) just crosses his fingers and hopes for the best.

Robert

[Robsan5]

RU Kidding wrote:

<quoted text>
Not to mention that the length between jobs is more than twice in Obamanomics as compared to Reagan.

Maybe because Obama is dealing with roughly twice the problems, housing bubble burst, worldwide economic slump, credit market drying up, etc... that Reagan didn't have?

Robert

[RU Kidding]

Robsan5 wrote:

<quoted text>
Reagan posted record deficits. I'm not happy with either his or obama's. Bush also left a record deficit. Clinton was the last prez to leave a surplus. So you must be a fan of his, right?
Robert

Obama has deficits in one month as Reagan did in one year. Obama racked up in debt in 39 months what Bush did in 8 years.

[RU Kidding]

Robsan5 wrote:

<quoted text>
Maybe because Obama is dealing with roughly twice the problems, housing bubble burst, worldwide economic slump, credit market drying up, etc... that Reagan didn't have?
Robert

Carter left a mess, USSR thriving, high interest rates and inflation, stagnant economy with high unemployment, energy crisis,

It's why Carter lost in a record landslide.