@Cycloptichorn,
Cycloptichorn wrote:
Quote:As I have already pointed out, most of the budgetary stuff passed onto Obama was enacted by the Democrats with Obama's blessing and signed by Bush at Obama's behest.
This is the horseshit part. TARP was envisioned by Paulson and Bernake, Bush signed it, Obama had
nothing to do with it whatsoever. BUSH and his crew added 350 billion to the debt in September 2008. For you to somehow try and say that this is Obama's fault or his responsibility is
so ******* lame, Okie, it's not even funny.
Perhaps Tarp 1, but Tarp 2 Bush only did it at the behest of Obama. Besides that, who was in charge of Congress? It was the Democrats.
Quote:BUSH signed TARP, his people came up with it, and to say that the crash and the response were somehow OBAMA'S fault? Unbelievable, you truly live in a fantasy world where facts don't matter. Nobody agrees with you on this at all.
Cycloptichorn
I am not absolving Bush of blame, but Bush at least signed Tarp 2 at the behest of Obama, because Bush considered himself a lame duck and was already trying to install the policies of the incoming Obama as a favor to Obama. And Tarp 1 is dwarfed by Obama's later stimulus spending, so it is entirely obvious that most of the 2009 deficit belongs almost entirely to Obama.
Also, I have pointed this out already, but it is slow to sink into some people, the economy is greatly influenced by confidence in the future, and the future with Obama was not viewed with much confidence going clear back to mid 2008 when it became clear that Obama would beat Hillary and he was up on McCain in the polls, and then things got worse with the November election, and it has continued to become worse throughout Obama's administration. The point I am making here is that Obama was having a very negative effect upon the markets and the economy even before he took office, because his proposed policies were not viewed favorably by the business world. I think it is highly likely that if McCain had been elected, the economy would have behaved differently, essentially more positively even before he took office and continuing until now.
Look, the business world and a free market economy do not respond favorably to a president that has Marxist sympathies and beliefs, there just can be no denying of that.