| Author | Message | ||
     Lightstick |
Interesting opinion from someone who makes a pretty good living juggling numbers. http://money.msn.com/exchange-traded-fund/article. aspx?post=09d90714-2402-4772-a6c5-86d2af7ccaed | ||
| Two_seasons |
Yes, yes he did. All crisis' around the world have been caused by W. Haiti, Japan, Mt. Etna, snow in New Zealand, Joplin, flooding in DC, et al. Nobody else to blame! | ||
| Two_seasons |
With the exception of RomObamnicare of course  | ||
| Trojan |
I wouldn't credit George W with the intelligence to have caused that all by himself. I'm sure he must have had a few advisers  | ||
| Cowboy |
I have foun that every single problem one this earth is caused by a DEMOCRAT in some form or fashion. | ||
| Ft_bstrd |
W is the devil. | ||
| Rwven |
Roubini contradicts himself. Roubini forecast the housing mortgage bubble that led to this current crisis yet blames Bush for the crisis. Bush confronted Congress about the consequences housing mortgage bubble more than once and was pilloried (by Barney Frank in particular) for it. Government interference in the housing market (i.e. "Affordable Housing") was the major cause of our present economic woes. The blame for that spreads well beyond Mr. Bush's Presidency. | ||
| Sifo |
About the only good thing about that opinion piece is that it only took 20 seconds to read the entire thing. Well he did point out the over spending (he failed to mention the Democrats held the purse strings though). To imagine that this played a part in the crisis, but to ignore the spending done by BO with a Democrat congress is ludicrous! Same with his point on Medicare. Ignore BOcare? Bush dug us into a hole with a hand shovel. BO finished that hole with backhoe. The point about cutting taxes could be worth mentioning, but he left out the simple fact that tax revenues went up after those tax cuts. His strongest point is the bank bailout (again insignificant compared to what BO has done since). There is the argument that if you force banks into making bad loans under the idea of social fairness, then you do have some responsibility for those same banks when those same loans have a meltdown. He ignores the fact that those bank regulations came from Democrats however. Hey, your BDS is showing! | ||
| Rfischer |
Fails to account for the critical fact that the Democrats took control of Congress at the mid-term election during Bush's 2nd administration. And ramped up spending. The numbers are quite revealing. Also doesn't acknowledge that the recession started in '07 and tax revenues started falling like a streamlined brick. Contrary to popular belief, I'm pretty sure Bush didn't start the recession, or global financial crisis. Both he and the Fed were warning of the systemic risk being posed by the housing and financial bubbles in '06. That Fannie and Freddie needed to be reigned in. We all know how that turned out. Roubini is a smart guy, but he's also morphed into a media darling and tends these days to comment in easily passed around sound-bites rather than far messier detailed analysis. | ||
| Crusty |
Using the logic that it was the Democrats who controlled the purse strings, thus Bush was absolve of all responsibility, then the Republican controlled Congress must be at fault for all the fiscal problems during Obama's tenure; no? | ||
| Trojan |
It doesn't mater who you vote for...The government always gets elected  | ||
| Sifo |
Using the logic that it was the Democrats who controlled the purse strings, thus Bush was absolve of all responsibility, then the Republican controlled Congress must be at fault for all the fiscal problems during Obama's tenure; no? The Republican's budget year starts next month Crusty. BO had both houses of Congress for two years, and the result of that is what we are now dealing with. | ||
| Ft_bstrd |
There hasn't been a budget yet for the 2010/2011 year. The democrats managed to stretch their budgetary philosophy forward by leaving without passing a budget. Congress has gone over 800 days without a budget. Roubini has no credibility if for no other reason than he doesn't know the difference between an actual surplus and a projected surplus. | ||
| Boliver |
He is greatly responsible for a lot of the problems but not all. We can thank his daddy and Bill Clinton for that too. And a few pres before that. Pretty much all the US leaders who traded off our jobs the last 50 years. And we can thank ourselves for allowing this to happen. The fat rich people can sleep NO MORE!!! | ||
| Crusty |
Yeah; but what about us fat poor people? We're having trouble sleeping as well. | ||
| Swordsman |
Lightstick, why have ALL your posts lately been attempts to stir up a hornets nest? You ask a question known to cause sparks, then walk away. ~SM | ||
| Lightstick |
Swordsman; you're obviously not reading all my posts. And sometimes, I walk away because I can't spend as much time on the forum as some others here can. Besides, sometimes it's fun watching how people here can twist the truth around to make it mean what they want it to mean. And why does Roubini have no credibility? It looks to me like he's living pretty comfortably off his skills at playing with the market. Maybe he does know something. | ||
| Billyboy |
I generally stay out of these political rants here on BadWeb, but I want to share this chart. http://www.theatlantic.com/politics/archive/2011/0 7/the-chart-that-should-accompany-all-discussions- of-the-debt-ceiling/242484/ "It's based on data from the Congressional Budget Office and the Center on Budget and Policy Priorities. Its significance is not partisan (who's "to blame" for the deficit) but intellectual. It demonstrates the utter incoherence of being very concerned about a structural federal deficit but ruling out of consideration the policy that was the largest single contributor to that deficit, namely the Bush-era tax cuts." That being said, there are other factors pointed out in previous posts, including the deregulation that was rampant during the Clinton years, as well as the failed notion of Reagan's supply side economics. I wish that Obama hadn't spent all of his political capital on the healthcare fight right off the bat. I also wish that he would have shown a little more backbone when dealing with the Republican Congress. Has he been a tremendous leader to date, no, but the Bush "hand shovel, Obama backhoe" analogy is disingenuous at best. The meat of Obamacare doesn't start until 2013. I'm pretty certain that there are many in this forum that would, if Obama said the sky was blue, claim that he's ruining America with his bold proclamations. Same goes for the "Bush is an idiot" crowd. All the knee jerk rage isn't going to help the Nation one bit. The side shows both parties throw are meant to distract from the real problem; namely the purchase and sale of our leaders for corporate and personal enrichment. | ||
| Fdl3 |
I wouldn't credit George W with the intelligence to have caused that all by himself... Those that can, do....Those that can't, criticise. (sic) | ||
| Ft_bstrd |
How about this chart?  | ||
| Drkside79 |
Yes look at that chart like all others it shows that the massive upswing started before Obama. | ||
| Cityxslicker |
Who cares who caused it... they havent learned from it Last week was very good to HUD HUD, Social Justice Community Planning and Green Initiatives 67 MILLION FR-5500-N-30PA HUD, “Fair” housing loans and for 'sustainable' housing in disparate populations 26 MILLION FR-5500-N-27A HUD, Section 8 housing development and planning 8 Million FR-5500-N-27B They are perpetuating the problem, STILL. And 'fair' housing not attached to wages, credit, payment history, is a catastrofucky waiting to happen - AGAIN. | ||
| Paint_shaker |
At this point it matters not who started it (dems or repubs). It matters who's gonna fix it!! | ||
| Ft_bstrd |
I agree that there have been MANY players leading all the way back to Wilson. I'm merely combating the fallacy that our current deficit woes are somehow largely Bush's fault when the explosion 6 fold has come at the hands of Obama. I don't care who's at fault. I want the bleeding to stop and the spending to end. | ||
| Moxnix |
I liked the suggestion I heard on the ray-dee-o yesterday from Schwartz, the CEO of Starbucks, something like, "Withhold all political campaign contributions until Washington shows us they can deal with the financial crisis." I might just stoop to buying a coffee from him . . . . | ||
| Reepicheep |
I am conservative, but if its a fair vote with fair media coverage of the issues, and a liberal wins, so be it. Likewise, if it's fair vote with fair media coverage of the issues, and a conservative wins, so be it. The country has spoken. But whoever wins, shouldn't be allowed to spend money they haven't collected. Future generations have not elected them in, future generations shouldn't be be forced to fund them. So elect who we elect, tax if you must, but we can only spend what we successfully collect. | ||
| Drkside79 |
I'm merely combating the fallacy that our current deficit woes are somehow largely Bush's fault when the explosion 6 fold has come at the hands of Obama. I do not blame Bush nor do I blame Obama. To put the onus on Bush entirely would be a lie although he does deserve some blame. At the same time the constant blame some seem to dump on Obama is also BS. I believe America naively expected immediate improvement which is impossible. | ||
| Honolulu_blue_esq |
Ft. Bstrd: Do you see that chart differently than I do? It looks to me that revenue (tax collections) as a function of GDP has been the lowest since 1960 under Obama. Wouldn't that suggest that we need to raise taxes AND cut spending to work at eliminating the deficit, and that we can raise taxes across the board by 3-4 % without exceeding the average revenue/GDP since 1960's? It also looks like we've only spent less than we bring in for two periods since the 60's. The first time was a brief period from the late 68' to late 69', the end of Johnson's term and the beginning of Nixon's term.to 1970. The second was a five year period from 1997-2002, all but one year of which was under the Clinton Administration. Should we return to Clinton era economics and social policy? | ||
| Cowboy |
The whole blame is on Bill clinton for not doing his job. | ||
| Boltrider |
Did any of you catch a glimpse of that monster tour bus the big O is using for his political tour? What a behemoth that thing is! Are we "entitled" to a ride, since we all paid for it? Who wants a ride on the Obama land monster? http://news.yahoo.com/blogs/lookout/obama-bus-catc hes-buzz-233029764.html |
