Obama's TRUE Legacy

[cawacko]

Actually, it is YOU who are guilty of myopic examination. If what you say where true, then there would be no need for Congress to do any action regarding the economic situation of the country.

You and I know that is not true.

So as I said, I include all the facts...you don't. If the GOP weren't obstructing on many of Obama's economic proposals, things would have been better. A matter of fact, a matter of history whether you acknowledge it or not.

No, it's not an either/or situation. But you can't downplay the role of the Fed because you want to blame Congress in this particular case. At the end of the day the numbers for all Presidents are the numbers. Of course we are all free to argue why the numbers are what they are and the multitude of factors that go into them. But that doesn't change what the numbers are.

 

[GazzaQueen]

The national debt called. AKA, The Obama Legacy.

 

[sear]

"The national debt called. AKA, The Obama Legacy." GQ #142

Reagan, the Republican demigod campaigned against President Carter condemning deficit spending and promising to balance the budget and pay down the debt.

"You and I as individuals can, by borrowing, live beyond our means, but for only a limited period of time. Why, then, should we think that collectively, as a nation, we are not bound by that same limitation?" Ronald Reagan's First Inaugural Address, 1981

Once in office, hypocrite Reagan not only ran up more debt than Carter did. Reagan ran up more U.S. federal debt than all the previous U.S. presidents before him COMBINED!!

And you GQ quibble about Obama ?!?!

Hi Larry Us !

 

[GazzaQueen]

"The national debt called. AKA, The Obama Legacy." GQ #142

Reagan, the Republican demigod campaigned against President Carter condemning deficit spending and promising to balance the budget and pay down the debt.

"You and I as individuals can, by borrowing, live beyond our means, but for only a limited period of time. Why, then, should we think that collectively, as a nation, we are not bound by that same limitation?" Ronald Reagan's First Inaugural Address, 1981

Once in office, hypocrite Reagan not only ran up more debt than Carter did. Reagan ran up more U.S. federal debt than all the previous U.S. presidents before him COMBINED!!

And you GQ quibble about Obama ?!?!

Hi Larry Us !

$10 trillion quibble.

 

[CFM]

Nice try, but what you said changes NOTHING! In order for key economic policies to be enacted, THERE HAS TO BE A CONGRESSIONAL VOTE THROUGH BOTH HOUSES.

The GOP made it their business to DENY any positive change to the economy under Obama's administration.

A matter of fact, a matter of history.

So when people try to diminish Obama's saving this country from another Depression, I would fill in the blanks before historic myopia takes over.

But that's just me.

Seems with Obama all there had to be for key immigration policies was an EXECUTIVE ORDER. Are you going to support that concept when Trump does something you don't like?

The GOP made it their business to stop things that would have harmed the economy under Obama. Depends on how you look at positive.

When people like you try to give credit to Obama for things without blaming him for things as much his responsibility, I offer you a jar of vaseline so your lips won't get chapped by kissing his black ass. You're welcome.

 

[PostmodernProphet]

Once in office, hypocrite Reagan not only ran up more debt than Carter did. Reagan ran up more U.S. federal debt than all the previous U.S. presidents before him COMBINED!!

And you GQ quibble about Obama ?!?! !

you do realize Obama did exactly the same thing, right?....and that the national debt he ran up was more than 20 times what Reagan ran up.......

 

[Taichiliberal]

No, it's not an either/or situation. But you can't downplay the role of the Fed because you want to blame Congress in this particular case. At the end of the day the numbers for all Presidents are the numbers. Of course we are all free to argue why the numbers are what they are and the multitude of factors that go into them. But that doesn't change what the numbers are.

I didn't down play the Fed, nor did I discount it. What I did was state the FACT that the MAJOR ECONOMIC CHANGES in this country are ENACTED THROUGH LAW. Those laws are passed through CONGRESS, and you had a GOP in Congress that BLOCKED AND OBSTRUCTED any VITAL changes in those laws that would have aided in our economic recovery. To focus just on the "what" and ignore or dismiss the "how" and "why" is the propagandistic tactic of the right wing noise machine we've been subjected to for the past 30 years.

And that, my friend, is a matter of fact and history that will NOT change.

 

[Taichiliberal]

$10 trillion quibble.

Here, stupid. Learn something:

http://www.snopes.com/politics/politicians/nationaldebt.asp

 

[CFM]

Here, stupid. Learn something:

http://www.snopes.com/politics/politicians/nationaldebt.asp

I've already learned all I need to know about you. Pucker up.

 

[cawacko]

Here, stupid. Learn something:

http://www.snopes.com/politics/politicians/nationaldebt.asp

Is that chart not taking his full term into account or am I reading it wrong?

 

[cawacko]

I didn't down play the Fed, nor did I discount it. What I did was state the FACT that the MAJOR ECONOMIC CHANGES in this country are ENACTED THROUGH LAW. Those laws are passed through CONGRESS, and you had a GOP in Congress that BLOCKED AND OBSTRUCTED any VITAL changes in those laws that would have aided in our economic recovery. To focus just on the "what" and ignore or dismiss the "how" and "why" is the propagandistic tactic of the right wing noise machine we've been subjected to for the past 30 years.

And that, my friend, is a matter of fact and history that will NOT change.

Historians will debate the topic I'm sure. We know how these things work from a partisan perspective. During the '90's people wanted to give credit to Bill Clinton and not Congress. And now it's blame Congress and not Obama.

 

[Taichiliberal]

Is that chart not taking his full term into account or am I reading it wrong?

Nope. Here's a more recent update:

As we’ve shown in detail elsewhere, Obama’s early spending initiatives added — at most — $203 billion to the fiscal year 2009 spending levels that were set before he took office. Attributing that extra FY 2009 spending to Obama brings the total increase in outlays since he took office to just under 11 percent over the level he inherited.

Massive federal deficits continue: The final figure for the fiscal year that ended Sept. 30 hasn’t yet been tallied, but last month’s Monthly Budget Review by the nonpartisan Congressional Budget Office estimated that the deficit would come in at $426 billion, about $59 billion less than the shortfall in fiscal year 2014. However, the debt is now growing less rapidly than during Obama’s first years, which saw a string of trillion-dollar-plus annual deficits.
http://www.factcheck.org/2015/10/obamas-numbers-october-2015-update/

 

[CFM]

Nope. Here's a more recent update:

As we’ve shown in detail elsewhere, Obama’s early spending initiatives added — at most — $203 billion to the fiscal year 2009 spending levels that were set before he took office. Attributing that extra FY 2009 spending to Obama brings the total increase in outlays since he took office to just under 11 percent over the level he inherited.

Massive federal deficits continue: The final figure for the fiscal year that ended Sept. 30 hasn’t yet been tallied, but last month’s Monthly Budget Review by the nonpartisan Congressional Budget Office estimated that the deficit would come in at $426 billion, about $59 billion less than the shortfall in fiscal year 2014. However, the debt is now growing less rapidly than during Obama’s first years, which saw a string of trillion-dollar-plus annual deficits.
http://www.factcheck.org/2015/10/obamas-numbers-october-2015-update/

Pucker up, NL.

 

[cawacko]

Nope. Here's a more recent update:

As we’ve shown in detail elsewhere, Obama’s early spending initiatives added — at most — $203 billion to the fiscal year 2009 spending levels that were set before he took office. Attributing that extra FY 2009 spending to Obama brings the total increase in outlays since he took office to just under 11 percent over the level he inherited.

Massive federal deficits continue: The final figure for the fiscal year that ended Sept. 30 hasn’t yet been tallied, but last month’s Monthly Budget Review by the nonpartisan Congressional Budget Office estimated that the deficit would come in at $426 billion, about $59 billion less than the shortfall in fiscal year 2014. However, the debt is now growing less rapidly than during Obama’s first years, which saw a string of trillion-dollar-plus annual deficits.
http://www.factcheck.org/2015/10/obamas-numbers-october-2015-update/

Federal Debt, Deficits and Spending

The debt owed to the public has more than doubled. It is now nearly $13.1 trillion, an increase of 107 percent since Obama first took office.
And the debt also has grown dramatically even when measured as a percentage of the growing economy, from 52 percent of gross domestic product at the end of fiscal year 2009 to just under 74 percent last year.
Federal spending, however, has increased much less. Total federal outlays in the fiscal year that just ended will total around $3.67 trillion, according to the most recent CBO estimate. That’s just 4.5 percent above the total outlays for fiscal 2009, which was well underway when Obama took office.
As we’ve shown in detail elsewhere, Obama’s early spending initiatives added — at most — $203 billion to the fiscal year 2009 spending levels that were set before he took office. Attributing that extra FY 2009 spending to Obama brings the total increase in outlays since he took office to just under 11 percent over the level he inherited.
Massive federal deficits continue: The final figure for the fiscal year that ended Sept. 30 hasn’t yet been tallied, but last month’s Monthly Budget Review by the nonpartisan Congressional Budget Office estimated that the deficit would come in at $426 billion, about $59 billion less than the shortfall in fiscal year 2014. However, the debt is now growing less rapidly than during Obama’s first years, which saw a string of trillion-dollar-plus annual deficits.
Total debt, counting money the government owes to itself, currently stands at close to $18.2 trillion, up nearly 71 percent under Obama.


If the discussion is the debt...

 

[sear]

"you do realize Obama did exactly the same thing, right?....and that the national debt he ran up was more than 20 times what Reagan ran up....... " #146

I realize he didn't.
Optimizing the economy for the prevailing conditions is not sabotage.
Flagrant deficit spending without justification is a sin I condemn substantially more than you do.

BUT !!

The Bush recession, reportedly the worst since the Great Depression
was addressed by Bush / Cheney / Paulson with $700 $Billion $TARP.

It didn't recover the U.S economy. It merely kept it afloat long enough for those 3 losers to get out of town.
They dropped the fiscal hot potato in Obama's lap.
And Obama responded, with "stimulus" that wasn't too far out of line with the Bush administration's contribution.

Pretend Obama is the only one whose poopies stink.
Bush's is no different.

Have a nice day.

 

[Taichiliberal]

Historians will debate the topic I'm sure. We know how these things work from a partisan perspective. During the '90's people wanted to give credit to Bill Clinton and not Congress. And now it's blame Congress and not Obama.

This isn't up for debate. The FACT is that you had an obstructionist part of the Congress that prevented positive economic changes. Period. Whether you accept that as a major cause for any economic woes in Obama's legacy or not is irrelevant.

 

[Taichiliberal]

Federal Debt, Deficits and Spending

The debt owed to the public has more than doubled. It is now nearly $13.1 trillion, an increase of 107 percent since Obama first took office.
And the debt also has grown dramatically even when measured as a percentage of the growing economy, from 52 percent of gross domestic product at the end of fiscal year 2009 to just under 74 percent last year.
Federal spending, however, has increased much less. Total federal outlays in the fiscal year that just ended will total around $3.67 trillion, according to the most recent CBO estimate. That’s just 4.5 percent above the total outlays for fiscal 2009, which was well underway when Obama took office.
As we’ve shown in detail elsewhere, Obama’s early spending initiatives added — at most — $203 billion to the fiscal year 2009 spending levels that were set before he took office. Attributing that extra FY 2009 spending to Obama brings the total increase in outlays since he took office to just under 11 percent over the level he inherited.
Massive federal deficits continue: The final figure for the fiscal year that ended Sept. 30 hasn’t yet been tallied, but last month’s Monthly Budget Review by the nonpartisan Congressional Budget Office estimated that the deficit would come in at $426 billion, about $59 billion less than the shortfall in fiscal year 2014. However, the debt is now growing less rapidly than during Obama’s first years, which saw a string of trillion-dollar-plus annual deficits.
Total debt, counting money the government owes to itself, currently stands at close to $18.2 trillion, up nearly 71 percent under Obama.


If the discussion is the debt...

Again, with highlights:

As we’ve shown in detail elsewhere, Obama’s early spending initiatives added — at most — $203 billion to the fiscal year 2009 spending levels that were set before he took office. Attributing that extra FY 2009 spending to Obama brings the total increase in outlays since he took office to just under 11 percent over the level he inherited.

Massive federal deficits continue: The final figure for the fiscal year that ended Sept. 30 hasn’t yet been tallied, but last month’s Monthly Budget Review by the nonpartisan Congressional Budget Office estimated that the deficit would come in at $426 billion, about $59 billion less than the shortfall in fiscal year 2014. However, the debt is now growing less rapidly than during Obama’s first years, which saw a string of trillion-dollar-plus annual deficits.

 

[CFM]

This isn't up for debate. The FACT is that you had an obstructionist part of the Congress that prevented positive economic changes. Period. Whether you accept that as a major cause for any economic woes in Obama's legacy or not is irrelevant.

Fact is people like you that supported Obama don't like to be told no when you need to be told no.

Whether you like it or not, what Obama wanted to do wasn't positive because you SAID so.

 

[cawacko]

Again, with highlights:

As we’ve shown in detail elsewhere, Obama’s early spending initiatives added — at most — $203 billion to the fiscal year 2009 spending levels that were set before he took office. Attributing that extra FY 2009 spending to Obama brings the total increase in outlays since he took office to just under 11 percent over the level he inherited.

Massive federal deficits continue: The final figure for the fiscal year that ended Sept. 30 hasn’t yet been tallied, but last month’s Monthly Budget Review by the nonpartisan Congressional Budget Office estimated that the deficit would come in at $426 billion, about $59 billion less than the shortfall in fiscal year 2014. However, the debt is now growing less rapidly than during Obama’s first years, which saw a string of trillion-dollar-plus annual deficits.

what you're highlighting doesn't give us the numbers though if that is what one is looking for

 

[Taichiliberal]

what you're highlighting doesn't give us the numbers though if that is what one is looking for

Will you stop being stubborn! My initial point to the right wing rhetoric was that Obama INHERITED an economy on the brink of DEPRESSION. DESPITE an obstinate faction of Congress, he did achieve avoidance of that depression and started the economy on a comeback. It's not paradise, but to solely blame Obama for a lame recovery and an economy that still has massive debt is disingenuous at best.

You don't want to admit that, that's your problem. But it's a matter of history and fact. So unless you have something other than repeating this right wing myopia, I'd say we're done on this point.