August 1, 2012 · 10:58 am

Promise made, promise kept

 

Thanks to me, we’re number one!

US economic “recovery” now weakest in the world, eclipsing even Japan’s “lost decade”.

About these ads

19 Comments

Filed under Uncategorized

19 Responses to Promise made, promise kept

  1. Balzac
    August 1, 2012 at 11:35 am

    S & P 500 index:
    Jan. 2, 2001= 1366.01
    yesterday’s close=1382.88

    We’ve already had a lost decade.

    Obama thinks the stock market is owned by parasitic people, to whom he can bring justice by ensuring it falls.

    That ought to give us the willies.

  2. Peg
    August 1, 2012 at 12:40 pm

    I told this to my uber-liberal uncle. Here’s a real shock. “I blame GWB,” he explains.

    I suspect 20 years from now, liberals will have the same tired refrain.

  3. Walt
    August 1, 2012 at 2:08 pm

    Dude –
    So right now the current overall medal count is tied at 27 each. But the cheating commie Fortune Cookies have 15 gold’s vs. our 10. Today is not a good medal day for us. It is a lot of the second tier sports, like water polo and fencing. Track and field hasn’t even started yet, and that will be where we kick ass and take names. These little Lo Mein eaters won’t know what hit them.

    Anyhows, we have some good stuff tonight. Beach Volleyball, swimming and diving. Also gymnastics.

    Olympics trivia!! In which two sports do men and women compete? How tall is a high hurdle? Do you really think Lolo Jones is a virgin?

    So do you have the Olympic spirit yet, you heathen? For some reason, I am craving Buddha food now. Want me to order you some Chicken Flied Wice and you can stop by and watch Beach Volleyball? Maybe we get lucky and catch the Brazilians!!

    Your Pal,
    Walt

  4. Inagua
    August 1, 2012 at 2:20 pm

    “I blame GWB,”

    So do I.

    If Bush had not enacted an unfundeed Medicare expansion; if Bush had not enacted NCLB; if Bush had not enacted TARP; if Bush had not made te auto loans; if Bush had not championed government backed no money down homebuying; if Bush had not wasted money on a Stimulus; then all the damage done to the economy by Obama would have had less effect. Two consecutive presidents at war with free markets is more than enough to throttle the economy in a low growth condition for a very long time.

    Finally, Bush’s decision to spend a trillion invadng Iraq did not help either.

  5. Bob A.
    August 1, 2012 at 3:10 pm

    In the Washington Post today, Willard’s tax plan was analyzed. Even with every possible break given, it says only the very wealthy will get a tax cut, and all of us will pay more.
    This will clearly upset the right wingers/libertarians, who don’t want to pay, period. And it was a non-partisan study, so none of this screaming ‘liberal, liberal” like Eric Cantor. Read for yourself.
    So no more blame Bush. How about blame Willard??!!
    Come on right wingers, admit you are embarrassed with this guy. You can do it, it can be therapeutic.

    • Chris Fountain
      August 1, 2012 at 5:51 pm

      Haven’t read the article yet but my first thought is that this is great news for Romney because your type will now flock to his camp, assuming his plan will raise taxes even higher than your current favorite.

  7. Inagua
    August 1, 2012 at 5:57 pm

    “Willard’s tax plan…says only the very wealthy will get a tax cut, and all of us will pay more.”

    Good. The roughly 50% of filers who pay no income tax should either pay something or lose the right to vote. How about no representation without taxatation? How well do you think Obama (or any Democrat) would do if only income-tax payers voted?

  8. Balzac
    August 1, 2012 at 6:19 pm

    Inagua, would you mind documenting this inane claim: “if Bush had not championed government backed no money down homebuying…”

    The record is perfectly clear that the FNMA-Democrat cabal created the Community Reinvestment Act liar loan bonanza, and the resulting FNMA melt-down, while McCain and Bush sounded the alarm about FNMA and proposed to reform it, an effort stymied by who? Dodd and Frank!

  9. Inagua
    August 1, 2012 at 8:46 pm

    Balzac –
    Balzac,

    I guess you are not familiar with Bush’s Ownership Sociey. Here is the money quote from an article entitled, “Bush drive for home ownership fueled housing bubble”, and the entire article is linked at the bottom of this post.

    >>”Darrin West could not believe it. The president of the United States was standing in his living room. It was June 17, 2002, a day West recalls as “the highlight of my life.” Bush, in Atlanta to introduce a plan to increase the number of minority homeowners by 5.5 million, was touring Park Place South, a development of starter homes in a neighborhood once marked by blight and crime.

    West had patrolled there as a police officer, and now he was the proud owner of a $130,000 town house, bought with an adjustable-rate mortgage and a $20,000 government loan as his down payment – just the sort of creative public-private financing Bush was promoting.

    “Part of economic security,” Bush declared that day, “is owning your own home.” <<

    http://www.nytimes.com/2008/12/21/business/worldbusiness/21iht-admin.4.18853088.html?pagewanted=all

  10. Bob A.
    August 2, 2012 at 9:32 am

    Balzac- The Community Reinvestment Act started in 1977. According to Business Insider, W was the guy pushing for no doc-low doc loans, eliminating paperwork, and what Inagua said. These are statements W said in 2002. This stuff about a Democratic cabal, Dodd-Frank, W sounding an alarm…that is what happens when you watch Fox or listen to talk radio too much.
    Inagua-A common misconception about people who do not pay FEDERAL taxes. They still pay sales taxes, FICA, and some do pay property taxes. If they had to pay federal taxes, there would nothing to give, if not more widespread poverty. An expansion of food stamps, maybe??
    CF- This comment about Dems now voting for Romney…please read the Post article. Ain’t gonna happen. It is OK to admit your shame about Willard. So I guess you and the readers on this blog who make less than 250K are embracing his policies….no wonder he won’t release his tax returns!

    • Chris Fountain
      August 2, 2012 at 11:45 am

      Bob A, for you to try to blame Bush for the anti-redlining lending bills, the minority borrower quotas and all the rest that Congress dreamed up and imposed on the banks while Bush was still scarfing peanuts in Arlington Stadium is preposterous. I’ve quoted your pal Frank’s rants many times here before and I won’t revisit them but come on.

      By the way, those millionaires you’re so eager to tax are probably two teachers, each earning $65,000. Yeah, go get ‘em!

  11. Balzac
    August 2, 2012 at 9:40 am

    From the NY Times article to which Inagua linked:
    “Bush did foresee the danger posed by Fannie Mae and Freddie Mac, the government-sponsored mortgage finance giants. The president spent years pushing a recalcitrant Congress to toughen regulation of the companies, but was unwilling to compromise when his former Treasury secretary wanted to cut a deal…. The White House issued an unusually extensive, and highly critical, response to The Times article on Sunday, saying that it had shown “gross negligence” in its reporting and that the story “relies on hindsight with blinders on and one eye closed.” “

    Inagua, I agree with you that Bush made some mistakes, mainly in adopting big-government policies. But if you’re citing the NY Times as a reliable and impartial authority on Bush, you’re proving you never read it.

  12. Bob A.
    August 2, 2012 at 12:54 pm

    Chris, come on. The google search I did quoting Bush from 2002 also said if there was a problem with the fine print, well, let’s take care of it. (From the Business Insider). While CRA lending was loosening all thru the 90′s, he helped accelerate it during his time in office, such as in the home ownership society Inagua talks about.
    And all these rants about Barney Frank: if the GOP controlled the House between January 1995 to January 2007, Frank would have been in the minority. Wow, a minority powerhouse! Maybe the GOP chairman of those committees should take the blame, no? The housing crisis/meltdown started in 2007, just as he took the majority reins and the crisis began.
    But we are tired of W…you have to defend Willard now!!!!!

  13. Inagua
    August 2, 2012 at 1:14 pm

    Bob A – I understand that the roughly 50% of filers who pay no income tax do pay other taxes, but so what? I am not in favor of taxing their income; I am in favor of getting them off the voting rolls. No representation without taxation.

  14. Inagua
    August 2, 2012 at 1:26 pm

    Balzac – I read the article and much else about Bush’s Opportunity Society. If you don’t like my source, why don’t you take it from Bush’s Official White House site which bragged about the following:

    >>American Dream Downpayment Initiative, which provides down payment assistance to approximately 40,000 low-income families;
    Affordable Housing. The President has proposed the Single-Family Affordable Housing Tax Credit, which would increase the supply of affordable homes;
    Helping Families Help Themselves. The President has proposed increasing support for the Self-Help Homeownership Opportunities Program; and
    Simplifying Homebuying and Increasing Education. The President and HUD want to empower homebuyers by simplifying the home buying process so consumers can better understand and benefit from cost savings. The President also wants to expand financial education efforts so that families can understand what they need to do to become homeowners.<<

    Bush was a total big government buffon. He actively contributed to the creation of the housing bubble by pushing government supported no money down home buying. And then he reacted the crisis he helped create with bailouts. The man was a terrible president.

  15. Balzac
    August 2, 2012 at 3:35 pm

    Inagua – thanks for replying.
    Bush Derangement Syndrome is pernicious. It is certainly much more prevalent than the wacko birther theories. There are millions of Americans, especially elite media/university types, who decline to face the failures of the present President’s policies because they are obsessed with the man who departed the scene in Jan. 2009. Don’t be one of them.
    Obama is still running against Bush’s economy. He’s deluded – Americans would love to have the robust employment results of Bush.

    The discussion of Bush is academic, while the discussion of Obama’s current failures is important. We realists are very disappointed that the media will not undertake this discussion.

    Remember Scooter Libby? He got prison for what, failing to disclose that someone else disclosed that Valerie Plame was a secret operative a decade ago? No one got hurt. But off with his head: after all, he worked for that devil Cheney! Meanwhile the Obama White House leaks war-related confidential info, leading to the collapse of some of our active intelligence operations, and it’s a yawn…..

    A focus on George W. Bush isn’t analysis, it’s a fetish. When will the libs move on? There are actually important topics to discuss:

    Our nation’s government is going bust fast due to untenable spending on entitlements. The Dems (infected with BDS) decline to face it, thereby abdicating responsibility. Why would any realistic person with an 8th grade understanding of math vote for them?

  16. Inagua
    August 2, 2012 at 5:36 pm

    Balzac – I am glad to see you are not longer contending that it was “inane” to state that Bush was championing government funded no money down home buying. Maybe you did read up on Bush’s Opportunity Society.

    Obams is nothing but Bush on steriods: Bush had little stimulus, Obama had a bigger stimulus; Bush loaned the auto companies money, Obama took them over; Bush had the prescription drug benefit, Obama had the Affordable Care; etc.

    You are correct that Obama is a bigger enemy of free markets and a greater statist than Bush, but so what? They have both done great, perhaps irredeemable damage to the economy. The money these two Bozos borrowed and wasted has gone to money heaven, and the rest of us will pay for it, perhaps for generation — we will pay for it with lower growth, higher unemployment, and a lower standard of living.

    I agree with you that voting Democratic is an act of lunacy, unless one is a transfer payment receivee, a public employee, a crony capitalist, or a federal grant recipient. Unfortunately, these groups represent a near majority.

    Scooter Libby was a fool who lied for no apparent reason.

  17. Balzac
    August 3, 2012 at 10:19 am

    Right on, Inagua – I have to agree with everything you wrote above.