you are the wannabe, bush was riding the coattails of clinton, they hid the real numbers,(not very well for those of us who CAN do math, we saw it all along) adn we all remember bush saying right after he got into office " why have they not lowered taxes (they = clinton admin) wehn we have such an abundant overflow? this is your money and im giving it back to you" that was the first check we all got after he got into office. remember? he could not wait to give it away, what a moron, and oh yeah you still think the dems engineered the housing mess? look at who was involved, real close stamos, for once find the truth and follow the money, who recieved the bailouts from comrade bush? the same onew who donated heavily to his campaign and the repub party, these are things called facts stamos, please join us in the real world<quoted text>Just another eco wannabe!
oh clueless one, let's be clear here. If Congress from here out does nothing but maintain the dreaded status quo, we are on an unsustainable budget path. A path of structural deficits never going below $500 B or 3% of GDP in any year from now on. A path that leaves us with a public debt of about 67% of GDP from 2011 on, or a level not seen since Truman was paying off World War II.
In Reagan's eight years, 1981-88, the deficit averaged 4.2% of GDP, with the worst year being 6.0%. Under George W. Bush, 2001-2008, the deficit averaged 2.0% of GDP, with the worst year being 3.6%.
Now let's look at CBO's forecast of Obama's deficits for 2009-2016. The average deficit will be 6.3% of GDP, with a worst case of 13% and a best case of 3.9%. And these are the rosy predictions, the June predictions -- before being updated in August as the baseline scenario was.
Do you get the size and endurance differences? Obama's average will be worse than Reagan's worst single year. Obama's best will be worse than Bush's worst single year. Obama's average will, in fact, be worse than any year since 1930 except for World War II.
You need to go back to macro-101 again. This time for comprehension. BHO and his clueless Keystone Cops Cabinet don't get a pass simply because Bush and the Republican Party failed to prevent Democrats from engineering a meltdown of the housing and, with it, the credit market.
Join the discussion below, or Read more at Sentinel & Enterprise.
#90 Aug 28, 2009
#91 Aug 28, 2009
To quote myself:
"Reagan taught us that deficits don't matter"
#92 Aug 29, 2009
What more proof do you need that Liberalism is a mental disease.
"asking what Mary Jo Kopechne would have had to say about Ted's death, and what she'd have thought of the life and career that are being (rightfully) heralded.
Who knows -- maybe she'd feel it was worth it."
#94 Aug 29, 2009
LAst but not least Character assasination! What a fool you are stamos. Tool box is empty now.
More than 50,000 people went through the Library in two days, he's a little more popular than you!
#95 Aug 29, 2009
You bought all the lies like millions of other people. Liberalism is a disease that's rolling in America today. These environmentalis are nutty people, care more for animals than humans. But the big point is we all missed out in having Sarah Palin as VP. She would of made sure of US oil dependency. We got OIL, we need the right people in office in order to drill for it, and also the morals they bring. Lets not get fooled again...
#96 Aug 29, 2009
Liberalism is a disease, Democrats are nutty crazy people, we need to drill baby drill and Sarah Palin strikes your Morals core?
Do I have all this right, yeah, run with that will you please.
#97 Aug 29, 2009
On to serious issues...
1. THE LETTER STATES: Health reform will “increase the premiums of those with private coverage.”
– WELLPOINT POLICIES: In a recent giddy report about WellPoint’s expected profitability to investors, Barrons reported that WellPoint will be “hiking” premiums to at least “6% to 8% annually.” In 2006, WellPoint’s profits increased 34% as premiums and fees surged.
2. THE LETTER STATES: Health reform will cause “millions of Americans to lose their private coverage” and end up in the public option.
– WELLPOINT POLICIES: In March 2007, the state’s Department of Managed Health Care fined Blue Cross of California and its parent company, WellPoint,$1 million after an investigation revealed that the insurer routinely canceled individual health policies of pregnant women and chronically ill patients. Earlier this summer, despite promises by their lobbyists to the public, WellPoint refused to end the controversial practice of rescinding coverage after an applicant files a medical claim.
While WellPoint has been busy shedding customers and increasing premiums, AMNews reported that WellPoint has cut its medical loss ratio this year — meaning a greater percentage of every premium dollar is going to profits and overhead, rather than being spent on actual medical care. Not only that, while WellPoint has tried to put a “human face” on its company by encouraging their employees to show up at town halls with corporate talking points, WellPoint has cut over 1,500 jobs since the beginning of this year. As former CIGNA executive Wendell Potter has explained, private health insurance companies like WellPoint are an ATM machine for Wall Street.
In a recent interview, NPR’s Steve Inskeep forced WellPoint CEO Angela Braly to concede her company fears that “changes in the insurance market and regulations” could cut into her profits the most. That is because, as Igor Volsky has observed, WellPoint’s business model is “antithetical to regulation,” since the company aggressively pursues healthy customers who are less likely to use benefits to pay for medical care. As the company adds healthy customers, WellPoint has made a science of finding ways to deny coverage to the sick. California regulators uncovered more than 1,200 violations of the law by the company in regard to unfair rescission and claims processing practices.
Braly, who earns nearly $10 million a year, wants “sustainable reform,” yet opposes what her company calls “Obamacare,” refuses to stop rescinding coverage to the sick, and is even suspicious of an individual mandate. Although health insurance lobbyists continue to press their case that they truly want reform “this time,” WellPoint and its stealth lobbying efforts severely undermine that claim.
#98 Aug 29, 2009
Jim, that post was from some troll identity thief.
Liberalism is so full of contradictions because a typical liberal isn't possessed of the ability to reason clearly. They'll tell us that it takes great intelligence to hold simultaneously two mutually exclusive positions. They dress-up their sophistries in the impenetrable mumbo-jumbo of modern academia to paper-over their argument's faulty logic and lack of consistency. From there they divide into two cases: those who are deceiving themselves, and those who think they are deceiving others. They end up in this pitiable state because they've embraced "relativism", and, through the smallness of their intellects, have been deluded into denying that there is any form of objective truth.
#99 Aug 29, 2009
HI I am Dr. Martscoff from the Cleveland Institute of Pychological Disorders, I have met with Stamos on many occasions and have clinically diagnosed Stamos with the following disorders
Narcissistic personality disorder is a condition characterized by an inflated sense of self-importance, Stamos has a need for admiration, extreme self-involvement, and lack of empathy for others. Individuals with this disorder such as Stamos are usually arrogantly self-assured and confident. They expect to be noticed as superior. Many highly successful individuals might be considered narcissistic. However, this disorder is only diagnosed when these behaviors become persistent and very disabling or distressing.
Vulnerability in self-esteem makes Stamos with this disorder very sensitive to criticism or defeat. Although Stamos may not show it outwardly, criticism may haunt Stamos and may leave him feeling humiliated, degraded, hollow, and empty. Stamos may react with disdain, rage, or defiant counterattack. Stamos’s social life is often impaired due to problems derived from entitlement, the need for admiration, and the relative disregard for the sensitivities of others. Though their excessive ambition and confidence may lead to high achievement; performance may be disrupted due to intolerance of criticism or defeat.
Narcissistic traits are very common in adolescents, but most adolescents grow out of this behavior. Unfortunately, for some,such as Stamos this narcissistic behavior persists and intensifies into adulthood; thus I have since Diagnosed Stamos with this disorder
#100 Jan 5, 2010
That one deserved a bump to the front.
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