Obama Paradox

POSTED BY: Niki2
UPDATED: Thursday, July 29, 2010 03:01
VIEWED: 5873
PAGE 5 of 7

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It's a paradox.

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Damn...I thought this thread was about going back in time and killing Obama's dad or Obama going back in time to kill Hitler or something like that.



"Hero. I have come to respect you." "I am forced to agree with Hero here."- Chrisisall, 2009.
"I find those statements amazing. I said I found your remarks 'amazing'" Niki2, 2010.

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After ramming an illegal and unConstitutional ObamaCare down the peoples throats... after spending their money to bail out compainies undeserving of continuation... after attempting to socialize everything... the free American people hate us?

How can THAT be?



"Being called a racist by a Liberal is a badge of honor."

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Quote:

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Originally posted by Wulfenstar:
After ramming an illegal and unConstitutional ObamaCare down the peoples throats... after spending their money to bail out compainies undeserving of continuation... after attempting to socialize everything... the free American people hate us?

How can THAT be?

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When you speak of bailouts for companies that shouldn't have been allowed to continue, you are no doubt speaking of Halliburton and Blackwater, right? After all, they wouldn't have continued to exist without their welfare handouts...

And again, I find it odd that you uttered not one peep in protest during the previous eight years. But, as you said before, you were "asleep". Maybe we should call you Rip Van Wulfie, since you're capable of sleeping through entire Republican administrations!

AURaptor's Greatest Hits:

Friday, May 28, 2010 - 20:32 To AnthonyT:
Go fuck yourself.
On this matter, make no mistake. I want you to go fuck yourself long and hard, as well as anyone who agrees with you. I got no use for you.

Friday, May 28, 2010 - 18:26 To President Obama:
Mr. President, you're a god damn, mother fucking liar.
Fuck you, you cock sucking community activist piece of shit.
... go fuck yourself, Mr. President.

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Anti: we’ll have to agree to disagree. Facts have shown that tax cuts for the rich do NOT decrease the deficit, nor do they increase anyone else’s wealth but the already wealthy. Tax cuts for everyone, when the economy is stable, help everyone, granted. But trickle-down does not work, end of story, from all I have researched.

Take away the two wars Bush started and his tax cuts, and tax cuts, and look where we might be:

Iraq, Afghanistan, and the Bush tax cuts (along with the economic downturn) are what is driving the U.S. deficit, not stimulus spending.

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Some critics continue to assert that President George W. Bush’s policies bear little responsibility for the deficits the nation faces over the coming decade — that, instead, the new policies of President Barack Obama and the 111th Congress are to blame. Most recently, a Heritage Foundation paper downplayed the role of Bush-era policies (for more on that paper, see p. 4). Nevertheless, the fact remains: Together with the economic downturn, the Bush tax cuts and the wars in Afghanistan and Iraq explain virtually the entire deficit over the next ten years (see Figure 1).

The deficit for fiscal year 2009 was $1.4 trillion and, at nearly 10 percent of Gross Domestic Product (GDP), was the largest deficit relative to the size of the economy since the end of World War II. If current policies are continued without changes, deficits will likely approach those figures in 2010 and remain near $1 trillion a year for the next decade.

The events and policies that have pushed deficits to these high levels in the near term, however, were largely outside the new Administration’s control. If not for the tax cuts enacted during the presidency of George W. Bush that Congress did not pay for, the cost of the wars in Iraq and Afghanistan that were initiated during that period, and the effects of the worst economic slump since the Great Depression (including the cost of steps necessary to combat it), we would not be facing these huge deficits in the near term.

While President Obama inherited a dismal fiscal legacy, that does not diminish his responsibility to propose policies to address our fiscal imbalance and put the weight of his office behind them. Although policymakers should not tighten fiscal policy in the near term while the economy remains fragile, they and the nation at large must come to grips with the nation’s long-term deficit problem. But we should not mistake the causes of our predicament.

Recession Caused Sharp Deterioration in Budget Outlook

Whoever won the presidency in 2008 was going to face a grim fiscal situation, a fact already well known as the presidential campaign got underway. The Congressional Budget Office (CBO) presented a sobering outlook in its 2008 summer update,[1] and during the autumn, the news got relentlessly worse. Fannie Mae and Freddie Mac, the two government-sponsored enterprises (GSEs) that became embroiled in the housing meltdown, failed in early September; two big financial firms — AIG and Lehman Brothers — collapsed soon thereafter; and others teetered. In December 2008, the National Bureau of Economic Research confirmed that the nation was in recession and pegged the starting date as December 2007. By the time CBO issued its new projections on January 7, 2009 — two weeks before Inauguration Day — it had already put the 2009 deficit at well over $1 trillion.[2]

The recession battered the budget, driving down tax revenues and swelling outlays for unemployment insurance, food stamps, and other safety-net programs.[3] Using CBO’s August 2008 projections as a benchmark, we calculate that the changed economic outlook accounts for over $400 billion of the deficit each year in 2009 through 2011 and slightly smaller amounts in subsequent years. Those effects persist; even in 2018, the deterioration in the economy since the summer of 2008 will account for over $2

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