Economy after W vs. Obama

Thing1 said:
You should research "investor confidence."

It will help.
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So where was that investor confidence when Obama took us to $20 trillion in debt?

Come on. You claim to be smart. Surely you can give us a more in depth analysis than you are right now.

Don't let me lose faith in you
 
Jarod said:
The unfunded W tax cuts for the wealthy resulted in an exaggerated accumulation of wealth with the members of the extremely wealthy class, causing a lack of flow of money to the middle class and a restriction of expansion, when this occurred, the wild exuberance that had been experienced in the largely unregulated real-estate lending markets was proven unsustainable and thus resulted in an exacerbation of the economic problem. The result was a domino effect pushing the American economy toward the brink of full collapse as the wealthy froze the accumulated assets and attempted to wait it out. Because the lack of circulating wealth, made worse by the panic in the financial sectors, the Government was the only answer to getting money circulating again resulting in the clear solution being an extended period of greatly reduced interest rates and the pouring of money into the system.
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Hmmmm

So why didn't this happen when

Coolidge cut taxes?
JFK cut taxes?
Reagan cut taxes?
Clinton cut taxes?

So your contention is that a person keeping more of their money led to someone taking out a loan that they couldn't afford?

That if Bush hadn't cut taxes that money would have landed in those people's bank accounts?

I am sure you believe that but it makes zero economic sense. But maybe you can link up to a respected economist that backs you up.
 
Jarod said:
The unfunded W tax cuts for the wealthy resulted in an exaggerated accumulation of wealth with the members of the extremely wealthy class, causing a lack of flow of money to the middle class and a restriction of expansion, when this occurred, the wild exuberance that had been experienced in the largely unregulated real-estate lending markets was proven unsustainable and thus resulted in an exacerbation of the economic problem. The result was a domino effect pushing the American economy toward the brink of full collapse as the wealthy froze the accumulated assets and attempted to wait it out. Because the lack of circulating wealth, made worse by the panic in the financial sectors, the Government was the only answer to getting money circulating again resulting in the clear solution being an extended period of greatly reduced interest rates and the pouring of money into the system.
Click to expand...

Do you contend there would have been no housing crisis if Gore had won?
 
Jarod said:
The unfunded W tax cuts for the wealthy resulted in an exaggerated accumulation of wealth with the members of the extremely wealthy class, causing a lack of flow of money to the middle class and a restriction of expansion, when this occurred, the wild exuberance that had been experienced in the largely unregulated real-estate lending markets was proven unsustainable and thus resulted in an exacerbation of the economic problem. The result was a domino effect pushing the American economy toward the brink of full collapse as the wealthy froze the accumulated assets and attempted to wait it out. Because the lack of circulating wealth, made worse by the panic in the financial sectors, the Government was the only answer to getting money circulating again resulting in the clear solution being an extended period of greatly reduced interest rates and the pouring of money into the system.
Click to expand...

Bush's tax cut amounted to a huge deficit expenditure with no return.
Wealthy people do not invest their extra capital domestically...They put it in swiss bank accounts , or invest it overseas.
 
Jarod said:
The unfunded W tax cuts for the wealthy resulted in an exaggerated accumulation of wealth with the members of the extremely wealthy class, causing a lack of flow of money to the middle class and a restriction of expansion, when this occurred, the wild exuberance that had been experienced in the largely unregulated real-estate lending markets was proven unsustainable and thus resulted in an exacerbation of the economic problem. The result was a domino effect pushing the American economy toward the brink of full collapse as the wealthy froze the accumulated assets and attempted to wait it out. Because the lack of circulating wealth, made worse by the panic in the financial sectors, the Government was the only answer to getting money circulating again resulting in the clear solution being an extended period of greatly reduced interest rates and the pouring of money into the system.
Click to expand...

I have a very difficult time believing you wrote this yourself for starters. So how about give credit to whoever's words you are using. And what a load of crap.
 
Buckly J. Ewer said:
Bush's tax cut amounted to a huge deficit expenditure with no return.
Wealthy people do not invest their extra capital domestically...They put it in swiss bank accounts , or invest it overseas.
Click to expand...

Really?

When did you become an expert on the investing habits of the wealthy?

Can you link up to back up your claim?
 
I Love America said:
So where was that investor confidence when Obama took us to $20 trillion in debt?

Come on. You claim to be smart. Surely you can give us a more in depth analysis than you are right now.

Don't let me lose faith in you
Click to expand...

The stimulus was actually seen by Wall Street as a confidence boost, and that is borne out in the immediate market turnaround when it passed. At that time, they wanted to know that the government was going to help - because the private sector was terrified.

Exponential growth of the debt has basically been the standard since the Reagan years. Investors aren't surprised by that.

But "deficit spending doesn't matter," combined with trillion-dollar wars and completely irresponsible spending bills? Bush did nothing to inspire investor confidence.

Don't take my word for it. Go back and look at the history, and particularly how the market reacted to actions taken by the government in both admins.
 
Thing1 said:
The stimulus was actually seen by Wall Street as a confidence boost, and that is borne out in the immediate market turnaround when it passed. At that time, they wanted to know that the government was going to help - because the private sector was terrified.

Exponential growth of the debt has basically been the standard since the Reagan years. Investors aren't surprised by that.

But "deficit spending doesn't matter," combined with trillion-dollar wars and completely irresponsible spending bills? Bush did nothing to inspire investor confidence.

Don't take my word for it. Go back and look at the history, and particularly how the market reacted to actions taken by the government in both admins.
Click to expand...

Well if you want to be intellectually honest which you never are look at the economy and stock market right up to the housing crisis.

Only a dishonest fuck (you) would try to distill a crisis that was decades in the making on one person.

But I have come to expect that from limited thinkers such as you
 
Thing1 said:
The stimulus was actually seen by Wall Street as a confidence boost, and that is borne out in the immediate market turnaround when it passed. At that time, they wanted to know that the government was going to help - because the private sector was terrified.

Exponential growth of the debt has basically been the standard since the Reagan years. Investors aren't surprised by that.

But "deficit spending doesn't matter," combined with trillion-dollar wars and completely irresponsible spending bills? Bush did nothing to inspire investor confidence.

Don't take my word for it. Go back and look at the history, and particularly how the market reacted to actions taken by the government in both admins.
Click to expand...

Markets love QE. Why wouldn't investors love when the gov't prints money for them. How is that sustainable?
 
Conservative economic policy = Those seeking easy wealth's desire for a short term tax gain, the result is exploding deficit and an unhealthy accumulation of wealth causing long term financial difficulties.
 
I Love America said:
Well if you want to be intellectually honest which you never are look at the economy and stock market right up to the housing crisis.

Only a dishonest fuck (you) would try to distill a crisis that was decades in the making on one person.

But I have come to expect that from limited thinkers such as you
Click to expand...

How is that relevant? The market crashed under Bush. Badly.

Do you really want to go with "but look at how it was doing before it went off the cliff!"
 
Jarod said:
Conservative economic policy = Those seeking easy wealth's desire for a short term tax gain, the result is exploding deficit and an unhealthy accumulation of wealth causing long term financial difficulties.
Click to expand...

really Jarod? just cutting and pasting other people's comments. No thoughts of your own?
 
PostmodernProphet said:
keep in mind though that his huge deficits all occurred after the Dems took control of Congress in 2006.....he was irresponsible for not telling them to fuck off......
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He signed every spending bill, he started the wars, his VP said that deficit spending didn't matter. He even abandoned both the balanced budget efforts on the '90's and the "reinventing government" program that Gore started, which was all about streamlining & eliminating wasteful bureaucracy.

Bush was an extremely poor economic steward. To me, it seemed like that aspect of the Presidency bored him.
 
Jarod said:
I have heard Republicans (Damocles) complaining about how the economic policies of Obama left the economy in such terrible shape.


Really? Has everyone forgotten where we were after 8 years of W's economic policies?

Which was better for the American economy the Republican ideology brought by W, or the Democratic ideology brought to you by Obama?
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Jarod, I'll accept your argument if you can tell me the difference between Bush and Obama. I don't think you can.
 
Like all republicans before him, Bush left the economy and the nation in worse condition than he found it ...
Tax cut and spend... Not a good combination.
 
Thing1 said:
How is that relevant? The market crashed under Bush. Badly.

Do you really want to go with "but look at how it was doing before it went off the cliff!"
Click to expand...

Again it is overly simplistic to say that just because it happened under during his term that it was all his fault. It is an overly simplistic and juvenile approach. Like I said I have come to expect this from a limited thinker like you.
 
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