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Old 03-23-2013, 06:15 PM   #130
patteeu patteeu is offline
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Quote:
Originally Posted by penchief View Post
Well, let's just start with the economy. He took over an economy that was in free-fall. The Bush Economic Crash was caused by policies that were endorsed wholeheartedly by the Bush Administration. Granted, many of the policies (financial deregulation) had been underway for years prior. However, the Bushies doubled down on deregulation of the financial industry. The collapse could have been avoided.

The Obama Admin. had to stabilize the economy. They did that. They had to invest in jobs and infrastructure. That cost money that you now say ballooned the deficit. However, that deficit ship was blown out the water by two unfunded wars, irresponsible tax cuts, and an unnecessary prescription drug plan (corporate boondoggle) that doubled the cost of Medicare.

Regardless of whether anyone on the right wants to admit it the economy is improving. No one is going to argue that it is improving fast enough but it deserves a little more respect considering what could have been following the Bush Economic Collapse. I believe he deserves credit for salvaging the economy as it continues to stabilize. It would probably be in even better shape if republicans in congress would put the country's welfare ahead of their desire to undermine the president. They have been the epitome of obstructionism and partisan politics.

As Dick Cheney said, "Ronald Reagan proved that deficits don't matter." And republicans have shown again and again that they believe what Mr. Cheney stated. They took Clinton's job well done and created a morass.

As Bill Clinton tried to tell us, we need a consumer base with disposable income to fuel the economy. For thirty years Trickle Down Class Warfare has shrunk that consumer base while converting our economy from one of supply and demand, products, services, and labor to one of investment and Wall Street speculation.

You may not like the way it's being done but the current administration is trying to jump start the middle class and the consumer base. Investing in jobs at home and rebuilding our infrastructure will go a long way in helping to do this.
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