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Old 07-10-2011, 07:53 AM  
HonestChieffan HonestChieffan is offline
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Obama's legacy?

How will we ever rank the failures of Obama? There are so many and he has time left to rack up some more.

http://www.politifact.com/truth-o-me...d-more-debt-4/

PolitiFact — We’re able to calculate the debt figures for the earlier dates using the U.S. Department of Treasury’s “Debt to the Penny” calculator. The future debt amounts come from Office of Management and Budget projections. Because they are projections, they’re subject to change as economic circumstances change, but they are are widely cited among experts. (OMB doesn’t project future debt to specific dates, only to the end of future fiscal years, so that’s why our ending dates are only at the end of fiscal years.)

Here are the debt totals accumulated during the three periods we listed above:

End of fiscal year 2008, when the accrued debt under the 43 presidents was $5.851 trillion, to the end of fiscal 2012, when the debt is projected to reach $11.881 trillion. Yes, more than the previous 43 presidents.
Obama inauguration, when the accrued debt was $6.307 trillion, to the end of fiscal year 2013, when the debt is projected to reach $12.784 trillion. Yes, more than the previous 43 presidents.
End of fiscal year 2009, when the accrued debt was $7.506 trillion, to end of fiscal year 2013, when the debt is projected to reach $12.784 trillion. No, not as much as the previous 43 presidents.
Over the first two scenarios above, the debt more than doubled from the starting point (which reflects the debt under the prior 43 presidents) to the ending point. So in these two scenarios, Romney is right — Obama accumulated more debt than the previous 43 presidents combined. But for the third scenario, the debt didn’t double, so Romney would be wrong. This exercise is a testament to the fact that small changes in assumptions can produce big differences in outcomes.
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Old 07-10-2011, 10:14 AM   #2
The Mad Crapper The Mad Crapper is offline
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Quote:
Originally Posted by HonestChieffan View Post
How will we ever rank the failures of Obama? There are so many and he has time left to rack up some more.

http://www.politifact.com/truth-o-me...d-more-debt-4/

PolitiFact — We’re able to calculate the debt figures for the earlier dates using the U.S. Department of Treasury’s “Debt to the Penny” calculator. The future debt amounts come from Office of Management and Budget projections. Because they are projections, they’re subject to change as economic circumstances change, but they are are widely cited among experts. (OMB doesn’t project future debt to specific dates, only to the end of future fiscal years, so that’s why our ending dates are only at the end of fiscal years.)

Here are the debt totals accumulated during the three periods we listed above:

End of fiscal year 2008, when the accrued debt under the 43 presidents was $5.851 trillion, to the end of fiscal 2012, when the debt is projected to reach $11.881 trillion. Yes, more than the previous 43 presidents.
Obama inauguration, when the accrued debt was $6.307 trillion, to the end of fiscal year 2013, when the debt is projected to reach $12.784 trillion. Yes, more than the previous 43 presidents.
End of fiscal year 2009, when the accrued debt was $7.506 trillion, to end of fiscal year 2013, when the debt is projected to reach $12.784 trillion. No, not as much as the previous 43 presidents.
Over the first two scenarios above, the debt more than doubled from the starting point (which reflects the debt under the prior 43 presidents) to the ending point. So in these two scenarios, Romney is right — Obama accumulated more debt than the previous 43 presidents combined. But for the third scenario, the debt didn’t double, so Romney would be wrong. This exercise is a testament to the fact that small changes in assumptions can produce big differences in outcomes.
But those are just estimates. -Amnorix
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Old 07-10-2011, 10:18 AM   #3
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Hopefully the legacy of Obama is to get his ass out of office and get a true conservative leader to lead this country.
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Old 07-10-2011, 10:19 AM   #4
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Hopefully the legacy of Obama is to get his ass out of office and get a true conservative leader to lead this country.
Right now I'll settle for a new england liberal (Romney) if thats what it takes to send the chicago communist back to his rezko financed house.
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Old 07-10-2011, 10:53 AM   #5
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Right now I'll settle for a new england liberal (Romney) if thats what it takes to send the chicago communist back to his rezko financed house.
I would take Bill Clinton back over the current Bozo in office.
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Old 07-10-2011, 11:04 AM   #6
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Originally Posted by The Mad Crapper View Post
But those are just estimates. -Amnorix
Estimates are always reliable.

Bush estimated we'd still be in the middle of a 10 year 5.6 trillion dollar surplus to justify his tax cuts.

So what if he was only off by about -200%?

Your half-baked claim should stand up, right?
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Old 07-10-2011, 11:13 AM   #7
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Originally Posted by banyon View Post
Estimates are always reliable.

Bush estimated we'd still be in the middle of a 10 year 5.6 trillion dollar surplus to justify his tax cuts.

So what if he was only off by about -200%?

Your half-baked claim should stand up, right?
Here you go, buddy (from another thread you conveniently ignored):

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Originally Posted by redsurfer11 View Post
Democrats took over the house in Jan. 07


I just love dragging you through the mud.
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Old 07-10-2011, 11:28 AM   #8
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i dunno...

the graph looks like the bubble began to burst in '05 and continued downward to nearly the bottom of the graph before the dems took over the wh, and both branches of congress...

in '07, the dem's took the house but a republican president could still veto anything he didn't like...

i think your graph proves that the loss in home equity, almost all of it, occured on the repub's watch...

and what's it got to do with the issue of estimates anyway?
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Old 07-10-2011, 11:31 AM   #9
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Quote:
Originally Posted by go bowe View Post
i dunno...

the graph looks like the bubble began to burst in '05 and continued downward to nearly the bottom of the graph before the dems took over the wh, and both branches of congress...

in '07, the dem's took the house but a republican president could still veto anything he didn't like...

i think your graph proves that the loss in home equity, almost all of it, occured on the repub's watch...

and what's it got to do with the issue of estimates anyway?
It doesn't have to follow the argument, it just has to try to smear the other side. Even though, as you correctly point out, a normal person reading the graph would conclude otherwise.
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Old 07-10-2011, 11:50 AM   #10
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Quote:
Originally Posted by go bowe View Post

and what's it got to do with the issue of estimates anyway?

I diverts the discussion away from the gross incompetency of the Obama Administration to accomplish anything.
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Old 07-10-2011, 12:05 PM   #11
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eh, that discussion is old hat anyway...

we all know how you guys feel about the big o and his performance thus far, it's not exactly news any more...

obama's a fascist socialist communist foreign born muslim who is stupid and evil...

we get that...

my question to crappy was how is the graph regarding home equity losses relevant to the issue of inaccuracy of estimates?

it doesn't appear to be, that's all...
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Old 07-10-2011, 12:13 PM   #12
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Quote:
Originally Posted by go bowe View Post
eh, that discussion is old hat anyway...

we all know how you guys feel about the big o and his performance thus far, it's not exactly news any more...

obama's a fascist socialist communist foreign born muslim who is stupid and evil...

we get that...

my question to crappy was how is the graph regarding home equity losses relevant to the issue of inaccuracy of estimates?

it doesn't appear to be, that's all...

I dont think thats very accurate to paint all people who don't care for Obama, his policies, or the direction he has taken as all saying Obama is a fascist. There are some but that wouldn't be close to the majority.

How many people feel as you state it has moved from feeling and emotion based to pretty well documented reality as relates to Obama's performance in office, not just those felling things.

Now back to your debate with Mr Crapper.
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Old 07-10-2011, 12:22 PM   #13
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Quote:
Originally Posted by go bowe View Post
i think your graph proves that the loss in home equity, almost all of it, occured on the repub's watch...
Quote:
Originally Posted by banyon View Post
It doesn't have to follow the argument, it just has to try to smear the other side.
Fail again, fellas.


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Old 07-10-2011, 12:31 PM   #14
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Quote:
Originally Posted by HonestChieffan View Post
I dont think thats very accurate to paint all people who don't care for Obama, his policies, or the direction he has taken as all saying Obama is a fascist. There are some but that wouldn't be close to the majority.

How many people feel as you state it has moved from feeling and emotion based to pretty well documented reality as relates to Obama's performance in office, not just those felling things.

Now back to your debate with Mr Crapper.
nope, wasn't trying to paint all anti-obama people as anything, and if i did, it was unintentional...

was going for the kind of routine hyperbole that we seen around these parts every now and then...

and one man's "pretty documented" is another man's "not really", on both sides of the aisle...
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Old 07-10-2011, 12:34 PM   #15
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It diverts the discussion away from the gross incompetency of the Obama Administration to accomplish anything.
Well... yeah. I mean, what else can they do at this point?
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