The reason bush is included is because under bush you got exactly what you wanted, tax cuts and regulations relaxed and it simply didn't work out. Now under obama, according to conservatives it's tax increases and regulation increases and the economy is doing ten times better now than under bush.Originally Posted by REDREX
Please stop engaging this cult member. Obama's entire economic policy consists of the Federal Reserve flooding the economy with printed money. It cannot last forever. I suspect the Fed punch bowl runs dry within 2 years.
Beware the man who would rule you for your own good. He will never cease. He will regulate every aspect of your life, destroy your liberty and enslave you, and sleep well convinced that he has made the world a better place.
Talk about cult members, cuttin' taxes and regulations always spurs on the economy. Show me how that worked under bush. 825,000 private sector jobs lost 1.67% average gdp. The facts are not on your side, yet you continue to want to do the same thing over and over.
Ah so you are a Truther.
That explains a lot.
An endless list of excuses for failed policies.
It snowed.
Dog ate the financial plan we were going to enact before we could get it passed by congress.
Oh wait, 0.0% of Obama's submitted budgets passed congress. Even in the democratically controlled senate.
Isn't there anything else you can do after 6 years of failures beside blaming something or someone else for the inability to perform?
Easy now, dip****...you are being a revisionist
BOOOMING Economy my ***!!!!There are increasing signs that the US economy is heading towards a recession as major corporations—from the auto industry, to banking, to technology, to consumer goods—have announced far weaker than expected sales and earnings and a new round of mass layoffs and plant closings.
The Federal Open Market Committee stated, “the drag on demand and profits fromrising energy prices, as well as eroding consumer confidence, reports of substantial shortfalls in sales and earnings and stress in some segments of the financial markets, suggest that economic activity may be slowing further.”
Greenspan, who was the first official figure to meet President-elect George W. Bush in Washington Monday morning, has often spoken of his desire to engineer a “soft-landing” of the economy. But even if the Fed reverses policy and lowers interest rates as expected at the beginning of the new year, there is no guarantee that the economy will not slide into a full-scale recession or even depression.
On Tuesday, DaimlerChrysler AG's faltering Chrysler Group in the US told shareholders that it is on pace to lose a staggering $1.4 billion in the fourth quarter and next year could be even worse. Analysts say the company, which has already temporarily idled a number of plants in the US and Canada, will have to eliminate between 20,000 and 40,000 jobs to return to profitability
The first ever profit warnings by Microsoft on December 14 highlighted a series of scaled-back projections by computer and computer-related companies over the last two weeks. In addition to the software maker, Apple, Dell, Compaq, Gateway, Intel, Hewlett-Packard and Advanced Micro Devices all announced lower than expected earnings.
On Monday, Aetna, the nation's largest health insurance company, announced that it would eliminate 5,000 jobs, about 13 percent of its workforce.
Gillette announced Monday that it would shut down eight factories and 13 distribution centers and lay off 2,700 employees, or 8 percent of its workforce.
Last week the biggest US home appliance maker, Whirlpool, announced that it planned to cut up to 6,300 jobs, or about 10 percent of its workforce, because of weakening demand for its products.
New York banks Chase Manhattan Corp. and J.P. Morgan & Co. said their expected merger would result in 5,000 job cuts, increasing the total from a previous estimate of 3,200.
Among other companies announcing job cuts in the past month, Unisys Corp. said it will eliminate 2,000 jobs, Dun & Bradstreet Corp. will slash 1,000 jobs and Guilford Mills will cut 550. Among computer-related companies, Ask Jeeves, an Internet search engine, cut 25 percent of its workforce, or 180 positions, Merisel announced the layoff of 200 workers and Digital Broadband Communications announced it was eliminating 450 of its 526 employees and seeking a buyer.
http://www.wsws.org/en/articles/2000/12/econ-d20.html
Yep, it snowed. Take a look at any economist and they will tell you that is why the economys growth was down the first quarter. Explain the 4.2% growth in the second.
What am I revising?
So, with the name calling. NICE
Show me where I said booming economy.
Growing/booming...the fact remains that the economy was neither...the Y2K scare was over and the IT boom was ending. The writing was on the wall...
Clinton gets way too much credit for the economic boom that was tied to massive IT business growth.
Bush inherited a **** sandwich and made it worse...but to be fair...he had help
Yep, cold wind from the north is enough to blow this tepid recovery out of the water. Really showcases how weak the recovery truly is, doesn't it.
Yet for some strange reason planes knocking the World Trade towers down, key financial institutes, enemy attack and all that stuff is Bush's fault.
Great logic.
OOOHHHHHH so now you put words in my mouth. growing/booming, big differences. It was still under clinton, if that is true under clinton then the same can be said for reagan.
4.85% gdp in 1999 and 4.09% growth in 2000 is a sh!t sandwich? really? Then in 2001 it was .95%. Remind me what bush too office.
So bush had help? You mean deregulating credit default swaps? I thought cutting regulations helped the economy.
Jesus, Mary, and Joseph...you are one dense little lib flag waver aren't you? Do you even read/grasp counterpoints that don't agree with your Messiah or his party?
READ THE NUMBERS OF ALL THE JOB CUTS PRIOR TO BUSH BEING SWORN IN!!!! The sh!t started before has was in office!
And...just like dwarthog already point out..."Yet for some strange reason planes knocking the World Trade towers down, key financial institutes, enemy attack and all that stuff is Bush's fault"
Here is the unemployment rate for 1999, 2000 and 2001
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual
1999 4.3 4.4 4.2 4.3 4.2 4.3 4.3 4.2 4.2 4.1 4.1 4.0
2000 4.0 4.1 4.0 3.8 4.0 4.0 4.0 4.1 3.9 3.9 3.9 3.9
2001 4.2 4.2 4.3 4.4 4.3 4.5 4.6 4.9 5.0 5.3 5.5 5.7
HHHUUMMMMM unemployment dropping it came up in January then pretty level until july. No **** sandwich here and no one month of job losses "prior" to bush being sworn in.
Where do you get this at?
Of course the terrorist attacks hurt the economy during his first year, I don't see you giving obama a pass on 2009.
YES - from forbes;
“The bad weather in much of the U.S. in early 2014 was a significant drag on the economy, disrupting production, construction, and shipments, and deterring home and auto sales,” wrote PNC Senior Economist Gus Faucher in a note out prior to the release. “But data show growth rebounding in the second quarter, with improvements in home and auto sales and residential construction.”
In an interview following the release Stephen Auth, Chief Investment Officer at Federated Investors, called the revision “pretty incredible” but says that underlying trends have shown improvement that has simply been “masked” by the weather. He expects second quarter GDP growth to come in north of 4% and continual market gains.
Funny how you say tepid when the growth under obama is higher than the growth under bush.
No one said 9/11 wasn't a factor (we can argue about it bushs fault on another thread), but I don't see any conservative giving obama a pass on 2009.
So, is Krugman's mantra that austerity doesn't work now dead in liberal circles or are you just spewing garbage from the DNC web site? Wasn't it the administration feeding the hysteria about sequestration bringing and end to the world as we know it and if we don't pass his stimulus bill we'll all be in soup lines? What exactly are Obama's policies that have led to such astounding growth.
Barack Obama "We don't have a strategy yet"---------- I think that says it all
Where do you get your information at? Read below - the first one is from Goldman Sachs economist Jan Hatzius Then tell me again how it didn't hurt the economy.
http://www.businessinsider.com/seque...hurting-2013-9
http://www.businessweek.com/articles...ood-for-growth
http://money.cnn.com/2013/07/30/news...ex.html?iid=EL
http://www.businessinsider.com/seque...hurting-2013-9
http://articles.latimes.com/2013/apr...y-imf-20130419
http://ourfuture.org/20140822/auster...er-than-in-30s
http://www.washingtonpost.com/blogs/...an-we-thought/
A bunch of 2013 articles. You got anything more recent little buddy? I mean, you're the one touting how great this economy is. You still haven't defined what Obama policies have led to this economic miracle.
Careful, she'll start crying and call you a meanie.
OleVet Posse Instigator
High taxes and regulations are really working well in California.
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