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Politics : Mainstream Politics and Economics -- Ignore unavailable to you. Want to Upgrade?

To: Steve Lokness who wrote (22534)	8/7/2012 10:54:23 AM
From: longnshort	Respond to of 85487

Brain Terry was unavailable for comment

To: Steve Lokness who wrote (22534)	8/7/2012 5:00:35 PM
From: sm1th	1 Recommendation Respond to of 85487

Not me. I think he has done pretty well. Not great, but pretty well. Obama apparently doesn't agree, since he talks about anything except his performance. Your standards must be really low. Banks are functioning - unlike the end of the Bush term. They are functioning exactly the same as the end of the Bush years, not lending to anyone. Inflation is in check. Do you not buy food? The biggest expense for the poor that you libs claim to care about is rising rapidly. Oil prices aren't a problem. Despite Obama's best efforts to destroy the domestic industry.

To: Steve Lokness who wrote (22534)	8/9/2012 12:43:42 PM
From: TimF	Respond to of 85487

Banks are functioning - unlike the end of the Bush term. How much this has to do with government action is debateable, but if you think that the intervention was needed and did work, TARP (and other associated stablization and bailout efforts under Public Law 110-343) was singed in to law by Bush. Housing prices have stopped plummeting in value You would expect them to plummet forever? (see Message 28323011 ) the debt is a huge problem but a problem largely triggered by Bush. Bush took us in to two unfunded wars. Bush cut income taxes on everyone. Those aren't the main reasons for the debt. Its mostly from growth in entitlements (they represent most of the spending, and thus most of the reason for the debt. The recent additions are largely from continued growth in entitlements and from the poor performance of the economy. The housing collapse (and loss of tax revenue) occurred under Bush watch. And has roots that go back well before that. The increase in size of government - Homeland Security - occurred on Bush watch. Even if you counted the entire size of Homeland Security to be an increase in the size of the government (and it isn't, the majority is stuff that already existed, that just got tossed in to a new department), it would represent a small portion of the increase in the size of government, over any recent time frame, last 4 decades, last 3, since Bush became president, last decade, last few years... The increase in Medicare money problems (drug benefits) occurred under Bush watch. That's an actual increase, that he pushed. Worse yet its an increase in entitlements. But it still a small portion of the increase in the size of government, and its smaller in cost than the PPACA. If your assigning blame for the debt based on who signed the laws enacting the expensive programs, then you would have to place most of it on FDR and LBJ for the bulk of the entitlements.