25 Horrible Statistics About The U.S. Economy That Obama Does Not Want You To Know

Bush inherited and squandered a surplus. The debt should have decreased while he was in office.

Obama inherited a trillion dollar deficit and the worst recession in 80 years.

 

No, his idea was this: The economy is crashing, the credit system is frozen, the entire automobile industry is going down, stocks have tanked 60% and are still crashing, 700,000+ people net are losing their jobs each month, and the unemployment rate is skyrocketing.

So rather than sit on our ass and watch as the US economy destroys itself, let's do something about it.

And thank God they did.

 

And all the money went to the Banks , both US and EU .
There was no internal business stimulus .
Just a delay on a major Bank crash .
Now the Chinese run your fiscal policy and the devaluation of the $US will bring you to your knees .
But it is the preferred alternative to Default .
All other fiscal policy is a joke , relevant to the amount of debt , which could not be paid in a century .

 

Which was all paid back.

Sure there was.

What major bank crash?

Thank the Bush tax cuts for that.

What is wrong with raising taxes and trimming spending, like we did in the 1990s?

 

Except for the fact that Medicare is in even worse condition than Social Security, of course!




Again, according to the Trustees’ report, Medicare will start having payment problems by 2024, when it will only be able to hand out 87 percent of the benefits currently being promised.
So what would it take to right this program?
The current 2.9 percent tax levied on all wages would have to go up to 4.25 percent.
Moreover, that assumes a scheduled cut in Medicare payments is going to happen despite Congress’ propensity to not let it happen.
And it’s also based on the belief that the new healthcare reform law will remain in place. Speaking of which, if that law didn’t exist Medicare would only be able to pay full promised benefits until 2016!
So if you’re starting to get the impression that there are many “ifs” surrounding these issues, you’re right.
Obviously none of this is good news for any of us. And because it’s an election year, I expect politicians will try to steer as far away from these issues as possible through November.
But at some point, they’re going to have to directly acknowledge what is already very clear to the rest of us — that the current math related to our country’s entitlement programs is simply not adding up.

Irlemon
Bank debts were rolled over .
Paid back ?
What's that ?

 

Federal loans to banks to prevent a financial system collapse were almost completely paid back.

 

So a 1.35 percentage point increase in tax revenues solves even the toughest problem with medicare.

That is my point. These social programs are completely sustainable, you just have to have the tax revenue to support them.

 

Spending your way out of a downturn hasn't worked for the Japanese.

 

Excellent observation, but it won't even register on the Libocrat radar. They still cling to the Keynesian theory that you can spend your way out of anything, and that the national debt doesn't matter at all. Hey, the great Libocrat "god", rankie Roosevelt did it in the 1930's, and even though Frankie's policies didn't fix anything... World War II did!

All I can say is that if the Libocrats are right -- GREAT! Let me get on this big something-for-nothing socialist gravytrain, and start sucking off the government, too. Hell, if we working schlubs really don't have to do anything, and if the government can create all kinds of prosperity by doing nothing but sitting on its corrupt ass and letting the equally corrupt Federal Reserve crime syndicate "print" imaginary money, buy its own debt, and buy the toxic debt of Europe, too, then LET THE GOOD TIMES ROLL. We Conservatives are fools to work the "farm" while the hyperlibs can just snap their fingers and make "crop" magically appear on the dinner table....

 

So the surplusses it had for decades are forgotten?

 

This one really struck me ...

That means that between 2002 and the beginning of the collapse (sometime in 2007?) home prices rose around 40% ... in five years a home valued at $200,000 went to almost $300,000. Yeah, like that's sustainable. I'm certainly glad that bubble burst ... but then I wasn't under water with an adjustable rate mortgage either.

 

No .
Gone .
Stolen ( borrowed) by the Government

 

Bush and the Republicans, 52 months of full employment, declining deficits in 2005, 2006 and 2007 down to $161 billion, record revenues.

What bad economic policy?

 

Bush had to use the surplus to rebuild the military that was cut almost in half under Clinton

 

No he didn't.

 

http://clintoncrimes.tripod.com/ClintonsBinLadenGateMotherofallScandals/id7.html

 

Ever wonder why 9/11 happened. Look at what happened to our military and intelligence under Clinton's 8 yrs. Stripped down to the bone, by our standards at least. If Clinton never gutted the military, the odds are we would've caught the hijackers early and never would've went into Iraq in the first place. Clinton did some good, but the way some praise him is extremely shortsighted.

 

One of the main reasons that 9/11 happened was the "Gorlich Wall" erected during the Impeached One's administration. Named for Jamie Gorlich, the flunky that thought it up, that "wall" was a prohibition of sharing of information between the CIA and FBI of foreign agents. Despite being spotted in Germany by the CIA, once Mohammed Atta got into the US, the CIA was prevented from informing the FBI about that scumbag.

If I'm not mistaken Ms. Gorlich (shut out of the Bush administration) now has a job in the Dog Eater's junta.

 

A declining surplus and declining revenues as the economy was already slowing before he was elected and went into a recession within weeks of his taking office.

Why do you dishonestly leave out those salient points?

And it would have had the Democrats not blown the falling deficits they inherited.

Did you forget he was a full voting member of the Senate which HIS party controlled which created those trillion dollar deficits or are you just dishonestly leaving out that salient fact too?

 

lol

...............

 

Revenues were not declining when Bush took office, and neither was the surplus. which you know. Intentional fabrication.

I did not.

Complete nonsense.

False statement, but so what?

 

Fabrication on your part, the last Clinton era budget saw the surplus cut in half with revenues dropping before Bush even took office.

Yes you did.

Specious declarations do not refute he facts.

Me>>
Did you forget he was a full voting member of the Senate which HIS party controlled which created those trillion dollar deficits or are you just dishonestly leaving out that salient fact too?

What is false about it? Are you now denying he was a Seantor for two years before he became President? That he served as a full voting member of a Congress HIS party controlled?

 

False. Prove it.

False. Prove it.

False. Prove it.

Bolded.

 

You>> Quote Originally Posted by Iriemon View Post
Revenues were not declining when Bush took office, and neither was the surplus. which you know. Intentional fabrication.

False prove it.


Me>>
Did you forget he was a full voting member of the Senate which HIS party controlled which created those trillion dollar deficits or are you just dishonestly leaving out that salient fact too?


What is false about it? Are you now denying he was a Seantor for two years before he became President? That he served as a full voting member of a Congress HIS party controlled?

Prove it.

 

You want me to prove your own baseless claims? Pass. I have better things to do than prove your own assertions.