PostmodernProphet
fully immersed in faith..
four year low in the fifth year of Obama's presidency......one wonders if he will ever catch up with himself......
Unemployment at a 4 year low...
- Thread starter Jarod
- Start date
Beefy
Worst gambler ever
The Bush years followed the 2000 election when, if you remember, the Democrats and Republicans were arguing over how they were going to spend the multi-trillion dollar surplus that was going to inevitably happen. Bush got elected, and got a Republican congress and suddenly there was an economic free-for-all with rubber-stamping and massive government expansion. Massive. A housing bubble followed, and when the shit hit the fan in 2008, and real people lost jobs, houses, businesses and retirements, what we got from Washington was a shitload of fingerpointing and more massive government expansion. Jobs were among the last economic areas to experience recovery. It is a very real thing that people who stop looking for jobs affect unemployment rates. That's why simpletons who don't understand things like this shouldn't be running around dismissing it as the author of this thread has. Its never black and white, and when you have a moron like Jarod insinuating that real economic factors are partisan whining, then it gives a good name to partisan whining, which is not a good thing. But we will always have in this country, on both sides, people who picked their team, their party, and who place the success of that team above all else, above people losing their homes, giving u on job searches, of retiring well off.
To those people, I give an honest and heartfelt fuck you.
You know who you are. Right Dix?
To those people, I give an honest and heartfelt fuck you.
You know who you are. Right Dix?
Beefy, always good to see you!
It takes longer and longer to recover after each successive Bush. Just wait and see when the Republicans nominate there third Bush President.. (if Jeb finds a way to beat Hillary) you will see the collapse happen again...
It took four years to get back to where we were in the weeks after BushII's 8 years.
Cancel 2016.2
The Almighty
Again, if that were the case then we would be facing a far worse collapse right now. Look at the deficits during Bush vs. Obama. The deficit spending was not the cause or even a small part of the cause of the economic collapse. Not even close.
LMAO... yes, that is precisely what I am telling you. The deficit had nothing to do with the collapse. We have been deficit spending for over 50 years... yet you suddenly think it was Bush's deficits that caused it. The collapse was due to the removal of Glass Steagall, the loose lending encouraged by the two parties (and the banks), the insane leverage of Wall St, etc...
Tell us Lorax, have deficits the last four years been better or worse? Not just in real dollars, but also in terms of a percentage of GDP...
Cancel 2016.2
The Almighty
Tell us how... where did the money go that was spent on the wars? How did that spending cause the economic collapse?
Cancel 2016.11
Darla
Still the royal we I see.
Cancel 2016.2
The Almighty
LOL... still an idiot I see.
This is an open message board, not a private message. Therefor, any one answering a question is doing so for the board, not just an individual. If she and I were the only ones posting on this thread, then I would have asked her to tell me. But I know there are others reading this and even simpletons like you count.
Cancel 2016.11
Darla
Eh, we would all say "tell us" then.
You do it as a debate tactic. To subtly imply you have a big team behind you and it is just the person you are debating with against all of you. It's stupid and always makes me laugh. You probably learned it on some debate team you thought you rocked.
Dixie - In Memoriam
New member
where did the money go that was spent on the wars?
How did that spending cause the economic collapse?
The questions you are still avoiding.
Cancel 2016.2
The Almighty
But you are not all as bright as I am, so no, you would not all say it.
I have never been on a debate team... so once again your assumptions prove incorrect.
Cancel 2020.1
Canceled
Is this some sort of weird "gotcha"? The money went all over the place. Much of it went to US firms, and quite a bit to foreign contractors; a lot went to reconstruction efforts; a few people got wealthy from it. As for the economic collapse, there are so many factors in that which relate to the wars. When we went to war w/ Iraq, the price of oil was around $25 a barrel. What do you think that the war did to investment in that region, and to the stability of oil prices in general? Do you think that the price of oil over the past decade is unrelated to the economic collapse?
And you righties love to talk about the fed debt, and what that does to our economic stability. How much did the wars add to that debt?
Cancel 2016.11
Darla
Huh?
Cancel 2016.11
Darla
Paul Krugman says that the Iraq war did not contribute to the economic meltdown of 2008. I heard him say it to a roomful of peace activists and they were really pissed. In fact one of the guys I was with (not with with, no way) called him a fucking moron - sort of like if you can picture the left wing Superfreak (who I guess I could conceivably be someplace with, but not with with either see)?
Cancel 2020.1
Canceled
That is a pretty gutsy group of people to say that to.
Naturally, I disagree w/ him. I think economists - and I have noticed this about posters like SF as well - get too mired in their WSJ's and economic tomes, and miss the forest. There is no way anyone is ever going to convince me that insane spending on an unnecessary war is unrelated to our economy in general, or to the economic collapse specifically.
I don't follow Krugman much, but it also seems to me that he enjoys being somewhat contrarian.
And Krugman is correct.....the seeds of the meltdown were sowed long before and were just left unattended.....
Barney Frank
http://www.usnews.com/opinion/blogs/sam-dealey/2008/09/23/barney-frank-fesses-up-on-financial-crisis
----------------------------------------------------------------
Frank lies about Communiity Reinvestment Act
http://startthinkingright.wordpress.com/tag/barney-frank/
----------------------------------------------------------------
This video clearly shows that George Bush warned Congress starting in 2003, that this economic [financial] crisis was coming if something was not done. But Congress refused to listen, along with the arrogant Congressman, Barney Frank. This video says it all. The liberal media reportedly did not want this video on You Tube; it was taken off. This link is of the same video, but is routed through Canada . Everyone in America needs to see this before it is yanked off the Internet again!
http://www.youtube.com/watch_popup?v=cMnSp4qEXNM&NR=1
Maybe you should spell out the causal nexus between war spending and the economic collapse. I'm not seeing it.
Cancel 2016.2
The Almighty
Because it didn't. The economic collapse was due to the financial sector... the removal of Glass Steagall, the insanely low interest rates, the push for more and more home lending (which began long before Bush took office and is attributable to both parties), the insanely high leverage at banks, and the greed of lenders/borrowers sums up why the financial system went haywire.
Cancel 2020.1
Canceled
Higher oil prices alone had a devastating effect on the economy, and had the added bonus of seeing more of our money being spent abroad instead of domestically. The wars themselves were almost exclusively paid for with debt.
The housing bubble didn't exist in a vacuum. At the VERY least, smarter fiscal policy, more financial health & less debt would have resulted in a smaller bubble and less impactful crash.
Cancel 2016.11
Darla
I have to admit I am not an economist, nor do I play one on the internet like Superfreak, so I don't know for sure. I thought he made a great case for his view, but it's really not important to me and never was. War is wrong for many reasons and to me I don't even want to get into the economics of it, because they're irrelevant. If the fact that war kills children doesn't matter, what does?