@ican711nm,
ican711nm wrote:
Cycloptichorn wrote:Obama's policies have not decreased the nation's GSP and they have not increased unemployment - the mess made by the Republicans over the last several years, with their insistence that the markets and corporations can 'self-regulate,' is responsible for that.
I claim the mess made by the Democrats in defending and protecting the irresponsible loaning by Fannie and Freddy against Bush's repeated efforts to curtail that loaning is primarily responsible for the recession/depression that began in 2008. The worsening of that recession/depression is a greater mess being made by Obama.
You're just plain wrong. The fannie/freddie loans would not have decimated our economy, even if they ALL had failed. What did decimate the economy and destroy banks & trading houses was greed, and the unregulated Credit Default Swap market. You have never displayed any knowledge on this issue whatsoever, Ican.
Quote:Obama not only emulated Bush's deficit spending he increased it. Obama not only emulated Fannie and Freddy loaning, he increased it. Obama did not emulate Bush's increase in GDP, he decreased it.
Nothing Obama did 'decreased' the GDP, it all began far before he took office.
Quote:What Obama should have done was decrease spending, decrease taxes, and most assuredly decrease Fannie and Freddy loaning. Deficits would not have increased as much as they have. Unemployment would not have increased as much as it has, and GPD would not decreased as much as it has.
Bullshit, unemployment would have shot up much, much higher. The money doled out by our government has helped keep many State agencies and small businesses afloat during these tough times; what exactly do you think would have happened to these agencies without the ARRA? That they would magically have found the money to make payroll?
Have you even put an iota of thought into this? Apparently not!
Cycloptichorn