Good morning LouisJ - you are spot on this morning, glad to see you got the day started off in the correct direction - we all need to remember who drove this car into the ditch and who is trying to pull it back out and head it in the right direction. So glad I'm not the only one who remembers this!

What I find most interesting is the exit of 2 of Obama's closest economic advisersm Orszag and Romer.

Since it's the job of economists to look ahead and see what effects the economic policies of Obama will cause, I suspect that they see chaos ahead, and are getting out while the getting is good.

We're going to get a real wakeup call in early December (conveniently, right AFTER the mid-term elections) when Obama's "Debt Commission" issues its report, and the bad news about all of the wild spending is revealed, and huge tax increases on everyone are called for - which will kill the economic "recovery".

Union Baby, Tennessee

Obama has been complaining about the previous Administration's “Driving the car into the ditch”, but let's take a closer look at the facts.

During Bush's first 6 years, when Republicans had control of the White House and Congress, we find the following, in spite of the dramatic bad effects of 9/11;

The economic growth rate of Gross Domestic Product averaged 5.5% per year.

The Deficit averaged $231 Billion per year.

The average Unemployment Rate was 5.28%.

A net of 4.3 million jobs were added to the economy.

Since the Democrats took over Congress (including the legislative and spending agenda) in 2006 (4 years ago);

The economic growth rate of Gross Domestic Product averaged only 2% per year.

The Deficit has averaged $890 Billion per year.

The Unemployment Rate has averaged 7.5%, and is currently stuck at 9.5%.

A net of 5.2 million jobs have been LOST to the economy.

And remember, the “financial meltdown” happened 2 years AFTER the Democrats took over all legislation and spending, including Congressional oversight of Wall Street. Thanks Barney Frank & Chris Dodd.

So the question should be asked “Who REALLY drove the car into the ditch?”

Bush and the Republican controlled Congress drove the car into the ditch. Leaders are always accountable.

If you look back at the financial fiasco of deregulations, and the schemes of issuing out checks all the while increasing taxes, 2002 and forward was taking all the steps backwards to set up failures as the lame duck period began.

LouisJ, the deregulation bill that you speak of was under Bill Clintion, and a republican controled congress. They both signed off on that bill...

You "suspect"? what does that mean, you suspect? You don't know jack-you-know-what about it. I am not sure about Orszag, except he wants a life, he is getting married and his position is not the easiest. Christina Romer left because - and I don't like this - she could not get the ear of the President, whereas Larry Summers could. If I were the President, I would surely be listening to the common sense approach of Romer, rather than one of those that got us into this mess. Your surmise, you assume, you suspect? What the H@ll does that mean, except you don't know squat! You want to infer all sorts of nefarious little things, from your nefarious little small minded viewpoint, that's all.

And Roy, you poor deluded fool, the car was in the ditch when Obama got behind the wheel. He didn't put it in there, and he has had little help from your pathetic side to get it out.

Thor, in an earlier response below, you said Georgie just signed the bills and now it sounds like you wish to backtrack or possibly retract your statement...

You sound confused on what happened for so many people to lose jobs, retirement and their livelihoods. It was reckless grandstanding of a clueless and out of touch administration that did not know what they were doing. The Republicans such as Boehner, McConnell, Cantor and a slew of others continue to talk the same talk of giving to the rich (a bunch of Sheriff of Nottinghams).

The bottom line is that Republicans are not for the middle class. They are not for indivdual thought. Republicans listen to people like Rush, Beck and Hannity and believe their rants and tirades. It's actually pretty pitiful.

Roy,

You also have to look at the fact that Bush spent heavily on that Chinese credit card, to the tune of $7 trillion once you add in the off budget wars and Medicare part D along with the ruinous tax cuts. Of COURSE the economy looked good with all of the Government spending during those years, but only for the richest 5%, the rest actually lost ground as the numbers clearly show. Remember also that the Repubs blocked or threatened to veto and even actually DID veto everything that the Dems tried to do in the '06-'08 years on top of that and have been blocking as much as they can since. Basic economics say that you have to spend to get out of a recession, and this has been the biggest Non-depression recession ever and so spending must also be high just to see us through, let alone repair the damage that Bush and the Repubs wroght on America during their Regime. Once the middle class has recovered then we can raise taxes on them again, but until then the ones who are making extreme profits at the cost to everybody else will HAVE to take up some of that burden. You cannot tax those who do not have an income and the only ones with substantial income now are those Too-Rich-To-Fail!

Considering that the tax rates for the rich have never been lower in the past 60 yrs and the Big Business profits have never been higher one would think that they would take the lead and start hiring to get us out of our economic mess instead of making sure that the economic numbers are disastrous so that the Repubs can steal their way into power again. But the Repubs and big money are inextricably linked and the Too Rich To Fail crowd are sitting on their obscene mountains of money and are refusing to hire, making their workers put in overtime and do the work of 2-3 people so that their bottom lines stay fat and happy while the rest of America scrambles to put food on the table.

There never has been any doubt as to who drove the car into the ditch: The Repubs did it all on their own and now scream loudly and point fingers at the Dems because the Repubs have no morals, no ethics and no shame and absolutely refuse to take responsibility for their own actions, no matter What you do to try to shove the blame elsewhere. WE KNOW BETTER and are NOT falling for it. This is why the Repubs have lost the last two election cycles and are on course to lose this one as well.

America can see who is screaming their lies and can see who is trying to fix things and you can bet that when they vote this November the Repubs will be wondering why the public did not fall for their lies this time around. WE HAVE SEEN THROUGH YOU FOR THE LIES THAT YOU REPRESENT.

So do Not go blaming the Dems or President Obama for actually WORKING to clean up your messes just because you want the keys to the car even though you have PROVEN that you do not know how to drive! Friends do not let friends drive drunk on power for power's sake!!

CATHY M.-647265

Why the hatred and venom? I think I should be allowed to express my opinion, just like you do. Are there some FACTS you'd like to dispute, or are you one of those that say;

Don't confuse me with facts, my mind's already made up?.

B. Honest "Roy, You also have to look at the fact that Bush spent heavily on that Chinese credit card, to the tune of $7 trillion"

Over all 8 fiscal years ending under Bush, the total of the Deficits were $2.006 Trillion, and the Public Debt (the total borrowed from investors and foreigners) increased by only $2.403 Trillion, and $300 Billion of that was in the last 2 weeks of Fiscal Year 2008 to fund TARP. This is from the government's own records. Obama matched that in only 18 months.

Were there some FACTS you wish to dispute, or is your mind also "already made up"?

Roy,

How did the National Debt go from $5T to $12T during the bush years then?? Your numbers do not add up, no matter HOW you try to spin it!!

Roy, you already know this, the deficit and the national debt are similar but not exactly the same thing.

Obama's deficits would have been the same or worse under McCain. The depression McCain would have allowed our free markets to fall into would have "bankrupted the beast" which is what he and your ilk were hoping for and still do.

Roy,

While I don't really take sides on this particular topic because I don't believe in the art of blaming one or the other.(Democrats, Republicans) You have to admit that the early GWBush economy was an inflated lie. The crisis was there but like the Enron problem, in that it looked good on paper and that's it. Instead of addressing the problems everyone continued to push the problems to the back of the room until those problems blew up in our faces. The numbers game only works in the short-term. I recall the political discussions we were having back then. Abortion, gays getting married, the patriotism game, and of course blaming the last administration for all of the problems. You cannot honestly believe the problems started with the Democratic Congress. Once the Democrats took control of Congress both sides just continued the blame and get nothing done game. Instead of being adults and being responsible they just wait for the next election cycle to start the B.S. all over.

Is your mind already made up as well? Can we agree on the aggressive game of hot potato the politicians have been playing for the last 20 years?

I hope that a common ground can be found.

You obviously didn't read the article. Your comments make you look like a moron.

Not that was funny...where did you come up this??? Laughing my @$$ off...

LoiusJ,

You my friend are an 1diot...

Georgie: Completely and knowingly destroyed the economy

-- Really? Are you sure? There are a lot of reasons for this economy going south. Lets Blame Bush.

Obama: Completely and knowingly is bringing the economy back

-- Is he really? I think he is making it worse. Nice Jobs Bill he signed the other day. Sounds more like a Union Payoff.

Georgie: Illegally Wiretapped the United States into a communist style governance

-- Communist Style Governance...hmmm. You are an 1diot

Obama: Transparency

-- This has to be one of the stupidest statements I have ever heard. What transparency....get your head out of your @$$.

Georgie: Let’s privatize the entitlements of Americans to fill the pockets of elitists and take away from the working people

-- What does this even mean?

Obama: Health Care Reform

-- Healthcare disaster...everyone's premiums have already gone up, thought that wasn't suppose to happen for a couple more years?

Georgie: Two wars, Afghanistan with no plan to finish the Taliban and Al Qaeda or how to equip nor withdraw, lying about Iraq and giving bids to Halliburton along with backroom deals with criminals such as Karzai, knowing he would turn the country back over to the Taliban so that he could live the high life like Dick and Bush

-- Your Rambling here...what does healthcare have to do with our Men and Woman keeping you safe?

Obama: Withdrawal of troops from both regions as promised in campaign

-- Could have sworn Obama just added troops in Afghanistan. We're not leaving...trust me!

Georgie: Deregulated the financial sectors so that all the elitists could get paid and the rest of the American people 95 percentile, could get shaken down

-- Delusional... What part did Bush "Deregulate"???

Obama: Revamped the entire financial system so that people like Georgie and his cronies could not run amuck again

-- Revamped the entire Financial System...all of it, really? He did that?

Georgie: Didn’t get a piece of Legislation into law that did not have an effect on the betterment of society

-- Didn't sign entitlements into law you mean. He made a difference in South Africa though. Lets not talk about that.

Obama: Took part in passing more legislation in 18 months than Georgie I and Georgie II and Reagan ever did in all their terms, and has the potential of making the American Liberties all the better in the long run

-- Obama has passed some of the worst legislation this country has ever seen.

Georgie: Destroyed America

-- Looking out my window as we speak...looks ok to me

Obama: Repairing America

-- You mean bankrupting America

Wow J, you really need some prozac. First you thought it was funny... now you show the hate.

I am amazed at the hatred in your statement... wait a minute, no I'm not.

No hatred here...just commenting on your simpleton post.

Louis, Back tracking? I am just stating fact on the bill everyone points to about the deregulation bill that was the main cause of this mess. You can argue either point, being a republican bill, with a democrat president who signed it, etc. I am not defending either party, they are both the cause of this mess, you can not just single out one person or party that caused this mess. The bills that led up to this mess have many years ago have been both parties! Bush was not great, but Obama has not been any better. We got very little change in Washingtion, just a different party passing their lobbiest agenda on a majority that does not want either agenda. America is not far left nor far right. We need to be in the center, granted the country leans right a bit, but if we do not get back to what made this country great, we will be leaving a bill for our great grand children to pay! Stop defending these very corrupt parties, want change vote them out!

Vote them out for who? Rand Paul? Sharon Angle? I would have a crook that knows how to implement law rather than a crook that knows nothing about the law.

Your argument is that parties cause this mess and yet the parties will always be the same no matter what ideology is the main focus. You live in a fantastical world of pixies and fairies if you believe the voted in will be more responsible than the voted out.

I don't defend parties, I point out actions; and the actions of the Republicans are short sighted, spiteful and irresponsible. But by the negative complaints, America is a loser right? Socialism is a loser right? President Obama has passed legislative landmarks. They are law. Time to move on and move forward. Gird up and build our infrastructure. Where you see apples, I see oranges.

obama lied about transparency, obama lied about unemployment rember the not above 8 % ,obama sueing states instead of backing them, obama apologizeing for america, obama spending us into debt that our great grandchildren will be paying for, obama shoveing health care down our throats when the majority of americans made it clear they did nit want it. obama socializeing with known terroist and spent twenty years in an american hateing church, obama admitting to being on crack . how does all this stuff keep from being pulic knowledge, can you say biast media.accorn and obama what a pair. voter fraud and just a plain fraud. closed door politics and blames bush for all his problems . mabe he will blame bush for putting the crack pipe in his mouth.

B. Honest "Roy, How did the National Debt go from $5T to $12T during the bush years then??"

It didn't. In Clinton's last Fiscal Year in office (2000), the National Debt was $5.628 Trillion, and in Bush's last Fiscal year (2008), the National Debt was $10.025 Trillion, for a difference of $4.397 Trillion, and $1.3 Trillion of that was to fund TARP in the last 2 weeks of Fiscal Year 2008 and to purchase other government assets. $2.403 Trillion of the $4.397 Trillion was borrowed from investors and foreigners (Public Debt), and the balance was borrowed from other Federal government accounts (Intragovernment Accounts).

Paul-977599 "Roy, you already know this, the deficit and the national debt are similar but not exactly the same thing."
Yes, I am well aware of this, but most people are not. While Bush's 8 year Deficit total was only $2.006 Trillion, the National Debt increased by $4.397 Trillion. This has been going on for 50 years, and Bill Clinton's Deficits over 8 years were only $320 Billion, yet the National Debt under Clinton increased by $1.627 Trillion. In fact, for the 30 years between 1978 and 2008, the total of the Deficits were only $4.6 Trillion, but the National Debt for those same 30 years increased by about $9.2 Trillion. In Obama's first Fiscal Year (2009) the Deficit was $1.415 Trillion, but the National Debt increased by $1.851 Trillion.

Just so people will understand, the difference between the Deficit for any given year and the increase in the National Debt for that same year is normally money "borrowed" from the Social Security 'Trust' Fund, and the government has a "creative accounting" way of saying that any "borrowings" from other government agencies "reduce the Deficit", but it also increases the National Debt by the amount "borrowed"- In effect, double counting the money. If a private company tried this trick, they would be put in jail, but it seems to be OK for the government (Do as I SAY, not as I do). This would make any private CPA scratch their head. LOL

Dan Austin, Tx "Roy,... You cannot honestly believe the problems started with the Democratic Congress.... Is your mind already made up as well? Can we agree on the aggressive game of hot potato the politicians have been playing for the last 20 years?"

Absolutely, we can agree on that.

Remember, I'm not a Republican, and I never voted for Bush or Obama (actually, I was hoping Hillary would be elected). I also thought Bill Clinton did a good job, but he also accomplished most of his good things by working with a Republican Congress. Both parties are playing political gamesmanship, to the detriment of the public.

My biggest concern right now is with out-of-control spending, which I fear will lead us down the path to a situation like Greece is facing. Our children and grandchildren will pay the price.

A report by the Debt Commission is due on December 1. It will be scary.

ROY

So do me the favor of responding to the point I tried to make about McCain.

What options would a McCain admin. have had to avoid the record deficits and stave off a second great depression?

How was he going to compel or incentivize the "capitalists" to re-invest in America? Try to take into account that he would still be saddled with a democratic majority in both houses of congress.

Hey, Roy - no one is keeping you from expressing your thoughts and opinions, and you are not going to keep me from expressing mine!

And your comment about the topic was what Paul-Fla?

Actually I think it is always a good thing to change your cabinet around, if something does not work throw it out the door and find something or someone who will - it is what I do at work and at home, as far as President Bush goes - I wish he had made some changes early on, I do think he would have had a better legacy without his Dad's buddies directing his every move.

You absolutely correct throw out Obama 2012. Never before in the nine presidents in my life time have I seen one president blame another for his inability to solve problems. This is the way of the community organizer blame the predecessor.

Tyler, did you sleep through the Reagan years? How 'bout the folks that blamed Clinton for 9/11? How'd ya miss THAT!

I've said it many times before: We (dems) will quit publicly blaming Bush when they (repubs) publicly admit the mess he created will take much longer than one presidential term to correct.

if the shoe fits... Bush inherited the most stable economy since the end of WWII. He DID drive the car into ditch. Typical Republican motto: "never let the facts get in the way of good arguement"

Tyler, TX: You mean like the repubs are still trying to blame Clinton for everything that has gone wrong with the economy. First they want to lay the blame on Obama, and then if that doesn't work, or it gets too heated, then they revert back to Clinton, who obviously was to blame for all the sins of the 1990s. Then if that doesn't work, they hark back to FDR and his socialist programs, since god knows, we are all socialists on this side of the aisle. Poor George, he just didn't do anything wrong!

And for you Roy, I never thought I would be willing to give up my Republican friends I have known all my life, not because of my love of President Obama, but because I have not heard a sincere, or helpful thing come out of their mouths since President Obama's primary. I did not know that not only could they be so stupid, so backward, so ridiculous, but of no character, lying, screaming, not only the little r republicans, but your leadership, the Boners, McConnell's, etc. Chuck Grassley is a living breathing example of a human being with no character, and who would rather lie and pander than work as a congressman to help this country's ills. When he stood up and said "pull the plug on grandma" that just tells you what the right has become. And yes, if that's hatred, then I'll shoulder that burden, because I am seeing my country pulled apart by a bunch of lying bigoted, divisive idiots who wouldn't know how to govern if they had master's degrees and Ph.Ds in socio-economics and government. They want to be paid for doing nothing. They want to have their moment of fame. They want to all be yippee ky-yay MFers. Just watch your dear Glenn Beck, or listen to your wonderful Rush Limbaugh. Am I sick of it, I sure am. I pay very little attention to it anymore and I am on a roll, buddy. I can match you tit for tat. However, I would be wasting my time talking to a repub. I'm giving you an answer to your question. I almost never respond to you jerks. You have nothing of interest to say, you have nothing helpful to offer, except you nasty lies. Go talk to Ms. J Smith, she'll love you.

I completely agree. It's truly mind numbing how they continue to control the morning broadcasts. That's why I watch local programming. I'll sit through repeated segments instead of Watching the O'reilly Factor masqueraded as Joe.

Excellent Post Cathy, Thank You!!

Why don't you read the article Cathy. My bad. You just can't get enough of your community organizer ca you?

Well done Cathy Like Maher said, Obama needs to be MORE like Bush and just do what he "feels" is the right thing and not care what this gun toting, evanangelical think. WHO CARES

Thor99 - and which party controlled congress for 6 years of the Bush II presidency? Yep, that's right, the republicans, however; you are correct, there were far too many democrats that voted for everything he asked for. Of course those who did the right thing and voted against them were all but publically castrated - maybe that is what we should do to the republicans who won't advance President Obama's agenda? What is good for the goose is usually twice as good for the gander.

Poor life choices are the choices all people make at certain points in life. Get over it. I work for a living and working toward retirement in a position that I worked hard to get. Your bigoted position illustrates your blindness toward how the world works under societal conditions. Your talking points are duly noted as having no credibility.

You have the right to believe in socialism, I only wish you lived in a country where it was established and you had to pay the 50%+ taxes so the illegal and lazy could be taken care of. I have been to those countries and talked to their citizens and paid the prices for their consumables.

obama and his czar government are pushing us down the slippery slope to join those Euro countries and after we hit bottom, there will be no turning back up to the great country that we once were, bigoted or not.

Tyler Texas, the label says it all. Your credibility is lost, if there was truly any to begin with, when you spew the "messiah" and "socialize, socialism, socialist" rhetoric.

You are entitled to your own opinions, but not your own facts. You clearly long for the good ole days of Republican Rule. That way you can just scream "Unpatriotic" anytime an American voices their opposition to the "Right Wing" program.

Waiting on the patented response which will be: "They use the Race Card if you disagree with them" in 3, 2, 1.....!

"They use the Race Card if you disagree with them"

...but look where he's from. Maybe he wants to seceed from the USA. 'nuff said.

Come on guys not everyone in Texas is the same. I use to think the same about Texas but I've been living in Austin for the larger portion of a decade now and we have our share of stupid but there are also a lot of smart people here too.

Take it easy.

You spew leftism like a broken dam and seem only to have hateful and critical things to say about anyone who is not far left. You compare everyone to a "far-right" idiot. Ease up and think of yourself in a room with all of us before you hit send ok?

Dan, thanks for your comment. Sometimes the representatives of certain states bring shame and embarrassment upon those living there. I love all the states, they are all wonderful and unique places. It's just another dopes of nope trick to try and tribalize everything including the states. Didn't they turn them into red states and blue states? I guess for them we are no longer the United States. Anyway, you got my vote. Thanks for keeping a cool head. (My cool headed days disappeared about six months ago, LOL).

HAHA, I wouldn't blame him one bit if he did it. But if anyone did, it would likely be Rahm.

And on another lighter note, why does Ben Quail look more like Congressman Weiner?

Don't say I never gave Republicans a scandal to be started...

:^p

Quayle may look like a weiner, but it ain't CONGRESSMAN Weiner!

Quick, Ben! How many "e"'s in "potato"?

Bush did well... REALLY

Please, tell me one thing Bush was competent in. Lets see Katrina, war in Iraq, wall street, ... come on, I'll take anything... NOTHING

Don't refer to my President as Bama and I won't refer to yours a dubya.

Tyler,

Do you think Cheney is exploiting the healthcare paid for by taxpayers' money? The pump is a very temporary measure preceding a full heart transplant. It is however reported as an experiment. Who pays for this experiment?

Lets find out if he is coughing up from his own private insurance; and how he manages the pre-existing condition. I bet it is government healthcare. There you have it, the illegals and those freedom fighters, not insured on the one hand and the corporate socialists on the other. What a country.

I am still in full support of Obama, the President but I hope the majority will keep lobbyists out with corruption stop conflicts of interest and replace all Republicans in Congress

Hey, we can agree to disagree. But when you start saying things such as, " You two must be benefactors of his entitlements or you wouldn't be as blind as you are. He is not totally responsible for the America's problems he is just the worst president since Carter to try and get us out of them," then what's the use in having a conversation... you have already stated your gross demoralization of posters.

But hey, you're not the first and definitely not the last, this is the internet, more to come.

if the majority of congress is liberals in both house and senate and they have the lowest approval rateing in history ,dosen;t that say they need to be replaced , the pres. is liberal congress has the majority but yet he cant donothing about jobs except for the gov. workers who get the best of everything ,they shove a healthcare bill down our throats but yet its not good enough for them.they should lead by example and give up their benefits and take what their shoveing. they want us to tighten our belts but yet they spend money like its theirs to spend.the stimulis is a joke .come on wheres all the public jobs compared to the money they spent.the fact is obama was not ready to take on the job of pres. he cannot pull us out of this hole so he just makes it deeper and blames bush, he needs to look at his own party and get rid of geithner and rhambo /pelosi/rangle and on and on.the repubs say no to everthing because everything obama wants is unpopular with the majority.In 2012 he want have voter frauds accorn and people with sticks at the poles,put a stick in him he;s done

Based on your suggestion that the minority should just go along with the majority, is it safe to assume that if the Republicans were to take control of the House and Senate in November and put forth a bill to repeal the Healthcare bill you will expect the Democrats to say "Yes" and go along.

If not, then you should realize just how foolish it sounds everytime you and others spout the party line and bring up the "party of NO". It simply says "I cannot use reason" to everyone that sees it and lets them know that they can ignore whatever you have to say.

No, they would fight it and ensure the republican majority has the 60 votes needed to pass anything they want to pass regarding healthcare. There is nothing wrong with putting up a fierce resistance to legislation as big as Health Care Reform if you don't believe in it. However, requiring the majority to vote on closure with 60 votes on every single piece of legislation is not how congress was supposed to act. They are the majority because they were voted in to be through a democratic process, meaning they represent the majority of the people. Bringing the country to a standstill just to play politics is what gives the republicans their "party of No" title. The democrats are not without blame in this, I think most of the compromises they make are to placate the moderates in their party, not the republicans. That being said, in our current atmosphere even if the dems did compromise, the repubs still aren't likely to vote yes.

the Republicans are doing what the majority of americans want them to do,thats means saying no to obama;s agenda.like health care,americans dont like someone telling them they have to buy something or they will get in trouble with the IRs. if in 2012 a rep. replaces him and we have mojority oh house and sen. want they do what the dems did and use rconcilliation,dems are not the only ones that that go against the people,s will.

Republicans can't support Obama even when he is right. In today's political environment, you must be partisian or you people won't back you. If Obama is successful how will Repubs get back in office? They won't. Therefore, they have to oppose everything.

Not true, I backed Clinton...in fact I thought he was better than either Bush's. Obama is a different story...I guess if he would have reached across the isle and invited the GOP to help craft the healthcare bill I would be on board. But its just the same old same old.

its ashame of howjealous you are of palin you just wish you had half of her smarts.

Obama just lost the house and made a bigger mess than Bush... You all need to stop voting for these two parties, you follow them blindly!

I hate to break it to you, but the government does not have the power to turn the economy on a dime. The economy did not go from a boom to a bust just because democrats took control of congress, it was a long time in the making. Likewise, it was not going to go from a bust to a boom the minute Obama took office, it is going to take some time. There is a whole lot of blame to go around for this recession.

This is beautiful!!!! There are so many holes it is laughable!! Look at the sources ha ! Everyone (with a wit of intellect) knows you can manipulate stats to back any thesis. Democrats did the same thing to make Clinton appear to have erased the deficit. Try GAO for real numbers. REMEMBER YOUR MOTTO REPUBS...NEVER LET FACTS GET IN THE WAY OF YOUR ARGUEMENT

P.S. Are budget and deficit the same thing?

s

He also wrote the following...

10 Reasons President Obama is Failing 95 Million American Investors: Piling Trillions of Debt on Future Generations, on Top of Bush-Cheney Trillions

by Paul B Farrell, JD, PhD

Share| Discuss | Print | 7/12/2010

Back in January one of my MarketWatch columns was an “open letter” to the president: “10 reasons Obama is failing 95 million investors: Why his ‘Fat Cat Bankers’ are destroying both capitalism and democracy.” The response was strong. Today, given all the financial reforms now being secretly contested in Washington, especially the Consumer Financial Protection Agency that the banks are spending millions to kill, those “10 reasons” seem far more important. Read them closely, not as some short-term critique, but for the long-term historical consequences, not their impact on your retirement but the impact on future generations of Americans …

Mr. President: We know that the future—seen through a broader historical lens—will reveal a natural cycle with you cast in the predictable scene of a Shakespearean-style plot driven by fate, the same dramatic destiny of all great nations and civilizations. We know a “Happy Conspiracy” of Wall Street, Corporate CEOs and the Forbes 400 controls Washington, limiting and manipulating you. Shakespeare says: “All the world’s a stage, and all the men and women merely players. They have their exits and their entrances.” As this past year unfolded it became painfully obvious you are indeed playing a role in a historic drama, along with other leaders in a staged, life-cycle, endgame that includes Presidents Reagan, Clinton and the Bushes, Fed Chairmen Greenspan and Bernanke, and Wall Street’s bosses Paulson and his “Fat Cat” banker buddies. The final scene of this historic Shakespearean drama is playing out this very moment, with 10 improvisational plot points driving your character’s role:

1. Failing to grasp John Adams’ warning: All democracies “commit suicide”
“Remember, democracy never lasts long. It soon wastes, exhausts, and murders itself. There never was a democracy yet that did not commit suicide:” Yes John Adams, a great American president made that famous prediction at the beginning of our great nation. And yet, paradoxically, when a democracy commits suicide, it also kills off the very capitalism that made it powerful, the economic system Adam Smith identified the same year our Declaration of Independence was signed. Today we are neither independent nor free, King George has been replaced by a far more powerful moneyed conspiracy that you sold out to last year.

2. Failing to sense the psychological impact of being an aging democracy
Yes, our time is up says Scottish historian Alexander Tytler, recently quoted by economist Marc Faber: “The average life span of the world’s greatest civilizations has been 200 years.” Then “once a society becomes successful it becomes arrogant, righteous, overconfident, corrupt, and decadent … overspends … costly wars … wealth inequity and social tensions increase; and society enters a secular decline.” We’re on ‘suicide watch,’ acting out the final scenes President Adams predicted for democracy, as Wall Street murders capitalism. (more)

JFK

There is one glaring difference here-- Paul Farrell didn't say these things about the GOP--David Stockman did, a Reagan Republican official. Ferrell's op-ed was pining for the President to take the steps he's mentioning, giving him a history lesson, if you will. The things Stockman has delved into can never be changed. Ah yes, except:

"If there was such a thing as Chapter 11 for politicians, the Republican push to extend the unaffordable Bush tax cuts would amount to a bankruptcy filing. The nation's public debt...will soon reach $18 trillion. It screams "out for austerity and sacrifice". But instead, the GOP insists "that the nation's wealthiest taxpayers be spared even a three percentage point- rate increase"

I see you got your talking points from Keith Olberman. Quite frankly its the American People that are saying NO! This is evidenced by over 65% of the country not wanting socialized health care, 70% of the country saying NO to illegal immigrants (see support of Arizona's law), etc..... In short, the American people are tired of having to work their arses off to carry the freeloaders in society like yourself. So, to Obama's Marxist agenda, yes, we say NO! Now run out to the mailbox and pick up you welfare check!

J.H. Moore

Um....JFK and I are trying to have an intelligent conversation here...obviously something you know nothing about, along with knowing nothing about me. So go stick your head up your "arse". Geez....

JH-

Just so we're clear, the majority of the "freeloaders" that take some of your paycheck away from you are the elderly. So when you say you want to end their free ride, it is our grandparents you want to throw out in the street. And I'd also like to remind you when civil rights was first being passed, the majority of America was against that as well, and I think we all are grateful that passed.