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Old July 25th, 2011, 08:37 PM   #1
Steve-in-Petoskey
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Default Obama's speech tonight...

Blamed Bush..again....... saying we had a hug deficit to begin with, 8 of the last 10 years.

Pass my plan or welfare people wont get their checks, military wont get paid and millions more will lose their jobs


This country was based on compromise? Where the fukc did he get that quote?

what happened to the pursuit of happiness?

and not the sit there and Obama will give it to you pursuit of happiness.
motherfucker makes me want to spit
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Old July 25th, 2011, 08:41 PM   #2
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My dislike is growing rapidly.
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Old July 26th, 2011, 10:42 AM   #3
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Just more evidence that Obama sucks ass.
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Old July 26th, 2011, 10:53 AM   #4
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He played up the class warfare blaming the rich and calling them patriotic americans. This guys in campaign mode.
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Old July 26th, 2011, 10:54 AM   #5
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I hate not getting enough hugs.
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Old July 26th, 2011, 11:09 AM   #6
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He was in the Blame others mode last night.

He is a disgrace to the Human race.
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Old July 26th, 2011, 03:24 PM   #7
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there was a debt. obama just made it 3 times bigger in his first 6 mos. in office.
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Old July 26th, 2011, 03:48 PM   #8
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there was a debt. obama just made it 3 times bigger in his first 6 mos. in office.
And without the increase no GM or Chrysler and a collapse of the govenrment. All which Bush shoulda resloved but he didnt
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Old July 26th, 2011, 07:51 PM   #9
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Careful now, don't mess em up with facts
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Old July 26th, 2011, 07:59 PM   #10
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And without the increase no GM or Chrysler and a collapse of the govenrment. All which Bush shoulda resloved but he didnt
Is he really doing anything but just putting it off though? Bush didn't do anything about it but at least he didn't spend a trillion dollars doing nothing. The Government will shutdown, IMO. GM and Chrysler SHOULD have collapsed and learned their lesson. Woudl it have sucked for our economy? Yeah, but so is paying off trillions of Dollars of debt. I don't want to put that on my kids. It's simple, You don't have the money, you don't spend.


He is totally in Campaign mode now. Both the speaker of the house and the Majority leader agreed on a compromise and the Pres shut it down. And now he blames the rebs? He's abusing his authority and trying to scare people into doing what he wants. He's a bully.
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Old July 26th, 2011, 08:02 PM   #11
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And without the increase no GM or Chrysler and a collapse of the govenrment. All which Bush shoulda resloved but he didnt
Bullshit. Which union do you belong to that brain washed you?
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Old July 26th, 2011, 09:23 PM   #12
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All, the one thing that Obama succeded in was to scare the hell out of every one who had earned a living or had wealth, which he is still doing to this day.

Spread the wealth, does not scare some one who is living on welfare.

All of those who have real wealtjh pulled it out of any vulnerable market and invested it into tangable assets or put their money in hiding.

The economy will not recover with these people in office, no one feels comfortable investing or taking any chances.

The scare tactics are on the news every night, the propaganda every night. The blame game every night.

If some one would get in the office and say, no more freebeze, get a job and work your way through it, and you can keep it.

All of this financial shit would stop.
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Old July 26th, 2011, 09:26 PM   #13
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9 trillion in 2.5 years wat?
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Old July 26th, 2011, 09:48 PM   #14
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Originally Posted by dougstephvoor View Post

If some one would get in the office and say, no more freebeze, get a job and work your way through it, and you can keep it.

All of this financial shit would stop.
http://www.thegreatrecovery.com/home/

The idea is that Government can't fix our economy. Only we can. One family at a time.
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Old July 27th, 2011, 08:49 AM   #15
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Originally Posted by cj65 View Post
And without the increase no GM or Chrysler and a collapse of the govenrment. All which Bush shoulda resloved but he didnt
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Originally Posted by upchuck View Post
Careful now, don't mess em up with facts

Quote:
Originally Posted by CBO;
Figures and predictions from the non-partisan Congressional Budget Office (CBO), as well as from the official U.S. Statistical Abstract, highlight some rather “inconvenient truths” concerning comparative spending under the Bush and Obama Administrations, the costs of the Iraq War, and the effectiveness and value of the Stimulus Package.

Myth #1: Deficit spending spiraled out of control during the Bush Administration.

This statement is misleading. While fiscal responsibility was obviously not a deeply held tenet of the Bush Administration, figures from the U.S. Statistical Abstract reveal that the budget deficit actually declined each year during the first 5 years of Bush’s presidency, from $352.8 billion in 2003, down to $133 billion by 2007.

However, deficit spending did rapidly increase during the last two years of the Bush Administration. According to the Statistical Abstract, in 2008, the deficit climbed to $364 billion; in 2009, the deficit exploded to $1.4 trillion. In his article, “Iraq: the War That Broke Us—Not,” Randall Hoven argues that the were responsible for the budgets in fiscal years 2008 and 2009, because they had gained control of Congress by that time. While true, this political reality misses the point—Bush could have vetoed the budgets written by the those last two years, had he truly believed that they represented excessive spending. But while the ’ control of Congress for the last two years of the Bush Administration does not relieve Bush of responsibility for the 2007 and 2008 budget deficits, their control of Congress for those years serves as an indictment of the ’ own reckless spending, as well.

Thus, the who wrote and voted for the budgets for FY 2007 and 2008 are as much to blame for those deficits as is President Bush.

Myth #2: Bush’s heavy spending on the Iraq war caused the budget deficits.

While the cost of the Iraq war to date has been enormous when considered by itself, it is far less so when compared to other governmental spending. According to the CBO, the Iraq war cost approximately $709 billion from 2003 to 2010. The stimulus program, passed in the first year of the Obama Administration, has already cost $572 billion, and the CBO estimates that its final cost will be approximately $814 billion, exceeding the costs of the war by more than $100 billion dollars.

Additionally, the cost of the Iraq war represents less than 20% of the accumulated budget deficits for the last 7 years. Hoven points out that the budget deficits, from 2003, through the 2010 estimated deficit, total approximately $4.73 trillion. Thus, even if the government had not funded the war during the past 7 years, the accumulated budget deficit to date would have still been more than $4 trillion.

Myth #3: Bush’s extraordinary military spending caused the budget deficits.

Military spending during the Bush Administration, while higher than during peacetime administrations, was not unusually high for war years. For example, from 1961 through 1969, during the Kennedy and Johnson Administrations, military and defense spending accounted for approximately 46% of all federal spending, and about 8.5% of the U.S. gross domestic product (GDP). During the Bush Administration, military and defense spending averaged less than 20% of federal spending, and about 4% of GDP.

Myth #4: The federal stimulus bill was necessary to help us “spend our way” out of the recession.

Proponents of the stimulus bill contend that its passage was necessary, arguing that only massive government spending can get us out of the recession. However, history suggests otherwise. There is no proof that the massive federal government spending during the years preceding World War II appreciably shortened the Great Depression in the United States, or that it significantly reduced its effects. In fact, not only did the Depression last longer in the U.S. than it did in other nations that engaged in less public spending, but immediately prior to the War the U.S. economy was again in an economic downturn. More recently, the spending on the Iraq War similarly did not prevent the current recession.

Thus, despite all of the anticipated spending in connection with the stimulus package, it is hardly surprising that the CBO’s outlook on the U.S. economy is far from encouraging:

According to CBO’s projections, the recovery from the economic downturn will continue at a modest pace during the next few years. Growth in the nation’s output since the middle of calendar year 2009 has been anemic in comparison with that of previous recoveries following deep recessions, and the unemployment rate has remained quite high, averaging 9.7 percent in the first half of this year. Such weak growth tends to occur in recoveries from recessions spurred by financial crises. The considerable number of vacant houses and underused factories and offices will be a continuing drag on residential construction and business investment, and slow income growth as well as lost wealth will weigh on consumer spending.

All of those forces, along with the waning of federal fiscal support, will tend to restrain spending by individuals and businesses—and, therefore, economic growth—during the recovery. CBO projects that the economy will grow by only 2.0 percent from the fourth quarter of 2010 to the fourth quarter of 2011; even with faster growth in subsequent years, the unemployment rate will not fall to around 5 percent until the end of 2014.

Importantly, the CBO goes on to state that, in order to return to economic vitality, the federal government’s current free-wheeling spending policies must end:

[C]ontinued large deficits and the resulting increases in federal debt over time would reduce long-term economic growth. Putting the nation on a sustainable fiscal course will require policymakers to restrain the growth of spending substantially, raise revenues significantly above their average percentage of GDP of the past 40 years, or adopt some combination of those approaches.

The only road to long-term economic vitality is through fiscal responsibility, and that is a road upon which neither the President, nor the majority in Congress, wishes to travel.
Hmmmmmmmmm
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Old August 7th, 2011, 07:24 PM   #16
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I love knowing that all of the money i pay into social security will never be seen by me.

Gotta love all the assholes that are competent enough to flip a burger but to lazy to wipe there own ass.
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Old August 7th, 2011, 10:24 PM   #17
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I love knowing that all of the money i pay into social security will never be seen by me.

Gotta love all the assholes that are competent enough to flip a burger but to lazy to wipe there own ass.
Actually, the fact that you won't be seeing a majority of that money has not that much to do with Obama. Social Security is the only 'retirement' plan that gives you less money then you put in. With the 13% (or what ever) they take out you could put it in a Roth IRA or Some sort of Retirement account and make millions off it. It's a horrible system and I wish I were an official Clergy member so could opt out of it.

I'd rather have someone flipping a burger then someone sitting on the couch collecting unemployment. At least one is contributing SOMETHING.
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Old August 7th, 2011, 11:10 PM   #18
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Blamed Bush..again....... saying we had a hug deficit
I KNEW IT! Damn girl at coast guard giving away "free hugs"... pffft whatever. I knew it was a scam when I saw her gross hippy hair... blah
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Old August 8th, 2011, 10:42 AM   #19
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And without the increase no GM or Chrysler and a collapse of the govenrment. All which Bush shoulda resloved but he didnt
a failed business plan combined with overpaid corrupted labor given tax dollars is still a failed business. nobody wants to admit when there is a problem, just cover it up so nobody gets offended and life is good. here's a fun science fact: perhaps instead of the union labor of the big 3 strong-arming their employers into promises they couldn't keep, those same employees should have taken a night class on fiscal responsibility and the benefits of having diversified investments. oh yeah, that would mean they would have to be responsible for themselves. not going to happen.
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