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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Ron who wrote (199372)	8/30/2012 6:32:33 PM
From: Sam	Read Replies (1) \| Respond to of 543151

Excellent piece by Grunwald. Sigh. It’s rich to hear Ryan — who voted for the Bush tax cuts, the Bush wars and security spending, the Bush prescription-drug benefit, the Bush bank bailout, the Bush stimulus in 2008 and, yes, a $715 billion House Republican substitute stimulus that was extremely similar to the Obama stimulus in January 2009 — complain about debt. Yes, the stimulus added to the debt. But you know what really would have added to the debt? A depression. In the fourth quarter of 2008, the U.S. economy crashed at an 8.9% annual rate. At that pace, we would have lost an entire Canadian economy in a year. We lost 800,000 jobs in January. Read more: swampland.time.com Of course, everything that happened after the 2008 election was Obama's fault, lol. Or, to hear some professionals tell it, the fault of the Democratic Congress in '07-'08, even bigger LOL. I will have to read his book.