kentuck Donating Member (1000+ posts) Journal Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Sat Apr-03-10 01:28 PM
Original message
Republicans destroyed this economy - Obama saved it temporarily.
Edited on Sat Apr-03-10 02:11 PM by kentuck
The message is as simple as that. George W Bush and his Treasury Secretary, Hank Paulson, came before the American people in September of 2008 and grudgingly admitted failure. They needed $700 billion dollars immediately or the entire capitalist system could collapse. Jaws dropped.
Their supply-side, tax-cutting, military-spending, non-regulation economy had failed miserably. We were on the verge of collapse. Republicans, with the help of a few "Blue Dog" Democrats, had destroyed this economy. They had no solutions about how to fix it.
Whether we agree or disagree with the way Obama and Geithner and the Democrats handled the crisis, they saved our country from immediate collapse into a depression. Make no mistake, we were headed to another Hoover-like Depression.
Now that their heads are above water, the Republicans are preaching the same message that got us into such deep water. Taxcuts for the wealthy. Basically, that is all they have.
The Republicans got us into this terrible economy. It was not Barack Obama or his "socialist" policies. We can only hope the Democrats are able to communicate this truth to the American people.
(edited to add "temporarily" in the title)
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x8081258Obama and the dems have done nothing but, make it worse. They swore stimulus would keep unemployment under 8% it is currently 9.7% on paper and much higher in real life. Now large corporations are getting hit with higher taxes from this health care bill and will be laying off soon driving the reported numbers back to over 10%. How in the hell is that saving us, even temporarily? Not to mention if we get cap and tax and VAT what that will do to the economy. Obama is driving us off a huge cliff and the DUmmies cheer.
kentuck Donating Member (1000+ posts) Journal Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Sat Apr-03-10 01:35 PM
Response to Reply #1
5. I agree that it can slide back down ...
if the President and the Democrats do not make the changes and the regulations necessary to prevent the collapse from happening again.
But I do believe we have come back from the edge. I agree it is a temporary stay. I think I live on Planet Earth?
Yeah because regulating the hell out of business really helps them grow and provide more jobs. What an idiot.
kentuck Donating Member (1000+ posts) Journal Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Sat Apr-03-10 02:06 PM
Response to Reply #25
32. If Bush had not lied us into the war in Iraq...
many votes would not have been taken. Yes, they voted for it. But they, like the American people, were lied to. They cannot escape responsibility for their votes but the responsibility is not equally shared, in my opinion. Bill Clinton signed the bill to do away with the long-established banking regulations, so he cannot escape responsibility, even though most of his Party voted in the opposite manner. Republicans loved the bill.
Just one tiny fact you are missing Bush did not lie us into war. You morons still think that he claimed that Saddam already had developed WMDs when he clearly stated that we needed to act before he had them.
Mithreal Donating Member (1000+ posts) Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Sat Apr-03-10 02:12 PM
Response to Original message
37. Obama is a Free Market guy.
OMG that made me laugh out loud. The guy saying, "Now is not the time for profits" is a real free market guy.
Face it DUmmies no matter how loud you cry that this is all Bush's fault, most people will not buy it. I don't recall Reagan whining about the mess Carter left he took measures to fix it. Obama is the anti-Reagan.
