Why Obama Lacks Political Will to Crackdown on Wall Street

[AZRWinger]

Originally Posted by Xcali

Not alone but we can use the averages over the full term to determine who had the better GDP growth..... Not just 1 quarter.



Now now, don't leave out George H.W. Bush... He also campaigned on " No New Taxes".. ( Did you read his lips?).. and when he realized that in order to cut the deficits we had no choice but to raise taxes he did, costing him his second term. Clinton raised them again and cut more from defense spending. Between Bush 1 and Clinton they created an economy that was sustainable. Revenues were at a level that would cover any emergency spending and the budget was balanced. That is until W. came to town.



Nothing requires the Government to spend money they don't have. Bush's problem was that he tried to run the economy like a business... " Oh just put it on the card"... and he never once offered any plans to pay for his spending. He didn't raise taxes to pay for the two wars. He didn't raise taxes or make cuts elsewhere to pay for his new Department of Homeland security. He didn't pay for No child left behind, or Medicare part D....



He didn't.. You're crediting part of Bush's Spending to Obama to make the numbers turn in your favor. Obama spent roughly 1 trillion on stimulus... part of that was paid for by cuts in Medicare.
Then there is the Spending we are still doing for the two Wars that Bush left us in. What, is Obama supposed to just close down the Wars and bring everyone home the moment he takes office?...

Then there is the spending that we have to do to make up for the lost revenues... again, Bush policy. We're still paying for Medicare Part D... Bush Policy.

So take away the war spending, the Policy spending from Bush, and then show me where Obama has spent more than Bush?



you really should pay more attention to detail. But I'll help you out this time....

The Bush Tax cuts were passed under a Republican President, Republican House, and a Republican Senate. They signed them into Law and applied a sunset clause to keep them going until at least the end of 2010. By the time they were able to do something about it the 4 month Super Majority was gone and the Republicans were going to town to start their blockade of the Obama administration. He has been trying to get republicans to understand economics and raise tax rates.. but so far they bow to King Norquest and refuse to do what they know needs to be done.





Do you really not pay attention to the government?. Obama is a lame duck president, he can't get anything done . It's not from lack of leadership or lack of Ideas, it's because it was planned by the republican party from inauguration day to block him at all cost. They are no better than terrorists, risking the health of the economy for political gain. I can respect a Republican such as George H.W. Bush. He knew what it would take to pay down our deficits and debt. He knew it was the right thing to do. He did it with the knowledge that his party would boot him out of office but he did what was needed and laid the groundwork for Clinton to balance the budget. sadly we have no republicans like that left in Washington. Their hate for Obama is more important than the fate of the nation.

If they are so sure that Obama's Policies will not work then why not just work with him and give him what he wants. How bad could it get, I mean he can't possibly damage the economy any more than it already is. No, they know his Policy plans will work, that's why they keep him from accomplishing anything . They know if he gets something substantial passed the republican party and all their supply side trickle down economics will be American History.

The comment is a tiresome recitation of vapid talking points. Obama's incompetence to end the wars per his campaign promises and to curb ruinous deficit spending is not his fault, that is absurd.

Instead of answering a simple question about Obama's failure to help Americans on food stamps we are treated to a bizarre complaint about Medicare part D by the welfare state advocate. Do you favor repeal of this program after Obamacare expanded it by filling in the donut hole?

Do explain where part of the stimulus was paid for by Medicare cuts. Obamacare was partially financed by cuts to Medicare funding but this is the first claim that it off set part of the stimulus. Perhaps it is another case of the Federal government crediting the same money more than once, what is considered fraud elsewhere. Or, is this another of your "misstatements?"

Let's not try to rewrite history, Bush the elder lost his reelection bid because he broke his pledge not to raise taxes before the election. He fell for the same Democrat con many Republicans find irresistible tax hikes now for spending cuts later. Clinton being all about saying whatever he needed to get elected promised no new taxes then promptly raised them after winning the election.

[Xcali]

Originally Posted by AZRWinger

The comment is a tiresome recitation of vapid talking points. Obama's incompetence to end the wars per his campaign promises and to curb ruinous deficit spending is not his fault, that is absurd.

But true none the less... We're out of Iraq now, but it doesn't change the fact that the cost of that war and the war in Afghanistan goes on Bush's credit...

Originally Posted by AZRWinger

Instead of answering a simple question about Obama's failure to help Americans on food stamps we are treated to a bizarre complaint about Medicare part D by the welfare state advocate. Do you favor repeal of this program after Obamacare expanded it by filling in the donut hole?

He has tried to help people on food stamps.. the republicans are stopping him and cutting their funding so they can spend more on defense. Closing the donut hole is saving money , for people on Medicare. But it's not saving the taxpayers so they should try something else. Medicare Part D was / is a disaster.

Originally Posted by AZRWinger

Do explain where part of the stimulus was paid for by Medicare cuts. Obamacare was partially financed by cuts to Medicare funding but this is the first claim that it off set part of the stimulus. Perhaps it is another case of the Federal government crediting the same money more than once, what is considered fraud elsewhere. Or, is this another of your "misstatements?"

My bad.. I was referring to the recent Jobs bill he proposed that was shot down by republicans ... He offered to pay for it by more cuts to Medicare but just cutting wasn't enough, they wanted it gone.

Originally Posted by AZRWinger

Let's not try to rewrite history, Bush the elder lost his reelection bid because he broke his pledge not to raise taxes before the election. He fell for the same Democrat con many Republicans find irresistible tax hikes now for spending cuts later. Clinton being all about saying whatever he needed to get elected promised no new taxes then promptly raised them after winning the election.

It's a good thing you read what I said, cause you just basically repeated it. Yes, Bush 1 lost because he raised taxes. He wasn't tricked, the taxes were his Idea . And yes Clinton did the exact same thing, but he managed to get himself a second term didn't he, maybe that's because he balanced the budget?.

[mlurp]

Originally Posted by larryr

I call it republican math. Reagan boosted the economy by putting us in debt. We used to be a creditor nation before the gypper came in office.

Humm I dis-like pouring water on the fire you started but a little searching would have shown you this FACT!

Spencer might have know this... And it is from the NPR...

When The U.S. Paid Off The Entire National Debt (And Why It Didn't Last)

Categories: Radio, Government, Debt...... Posted 1st July 2012 ............


On Jan. 8, 1835, all the big political names in Washington gathered to celebrate what President Andrew Jackson had just accomplished. A senator rose to make the big announcement: "Gentlemen ... the national debt ... is PAID."

That was the one time in U.S. history when the country was debt free. It lasted exactly one year.

By 1837, the country would be in panic and headed into a massive depression. We'll get to that, but first let's figure out how Andrew Jackson did the impossible.

It helps to remember that debt was always a choice for America. After the revolution, the founding fathers debated whether or not to just wipe clean all those financial promises made during the war.

Deciding to default "would have ruined our credit and would have left the economy on a very agricultural, subsistence basis," says Robert E. Wright, a professor at Augustana College in South Dakota.

So the U.S. agreed early on to consolidate the debts of all the states — $75 million.
................................................ CONTINUED .............................................

When The U.S. Paid Off The Entire National Debt (And Why It Didn't Last) : Planet Money : NPR

Plenty of comments.

[BigDave]

Obama lacks the will because the big guys in the Occupy movement are Communists

[larryr]

I don't understand your question because I never said a republican wants to bring us socialism. Social security is a social program and it was called socialism by repugs since it's inception. Medicare has helped a lot of people and the repubs hate it also. They hate anything that lightens the burden of the working class. Socialism. You refer to it like it's a bad thing. I'll take it over predatory capitalism anytime. Some older people have worked their whole lives and by the time they are seniors, all they got is s.s. and medicare. Democrat social program. What's a republican ever done for any of us? nothing nothing nothing. Nothing except worry about your freedoms like who your sleeping with or who you want to marry those sanctimonious godless republicans. And I'm talking about the politician republicans, not the average person that votes republican.

Originally Posted by mlurp

larryr show me one Republican that wants to bring socialism to America? Just one please.