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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: mel221 who wrote (132158)	3/22/2013 2:40:49 PM
From: tejek	Respond to of 149317

>> When was the last time the DJIA dropped over 50% in six months? You have repeatedly made the claim that Obama and Obama alone caused the Economy to recover... I have never said that.........not once. What is clear, is that Obama has been funneling money into the pockets of the Rich with his earliest of decisions; Paying Banker's bonuses with Tarp funds. Obama has funneled Trillions of borrowed dollars to the Rich ever since. The American banking system was on the verge of collapse due to the radical lending practices practiced by the banks under the Bush administration. If you think that was coincidental, think again. One of the things the Bush administration will be noted for besides helping to cause the worse recession since WW II is its lack of industry regulation. So the banks were free to operate in any manner they chose. Same thing happened under the Reagan administration which led to the savings and loan debacle in the late 1980s. At the time of the Great Recession, taking adverse steps in order to punish the banking industry for its excesses would have been the equivalent of pushing the industry off a cliff. Most rational individuals know that would have been pure folly.......Obama included. >> Hint: its the reason why you no longer call yourself a Bush Republican. That I am exploring my inner liberal has nothing to do with policies prior to 2009. But rather with my focus on my own self interest... a perspective actively promoted right here on this forum. The Republicans are in favor of Austerity... you know that. What that really means is no more money borrowed from future generations and given to the wealthy... LOL. Now you are just being silly. In fact, the Rs have opposed at every opportunity stopping the Bush tax cuts and close tax loop holes that favor corps and the wealthy. The GOP = rich and corps Obama, Obama, Obama!