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rushmc

So, how do YOU think BO is managing the economy?

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Weak, very weak.

There was no record foreclosure rate during Carter's term. There was no loss of 50% in the stock market during Carter's term. No megabanks or mega insurance companies went belly up during Carter's term. Unemployment was 7.8% at the end of Ford's term and 7.2% at the end of Carter's term.

You simply don't like the truth. Obama inherited a mess the like of which hasn't been seen since 1930



Please. Inflation peaked at 14.76% in March of 1980. Interest rates topped 15% in 1981. Unemployment was 10.8% in November/December of 1982. Nowhere near that today. The only reason there wasn't a record foreclosure rate under Carter is that subprimes didn't exist then.

Megabanks and insurance companies didn't exist like they do today.

Unemployment was around 6% at the end of Bush's term.

Nice try.
Please don't dent the planet.

Destinations by Roxanne

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And Bush inherited Clinton's mess.

The difference is (at least in this forum), is that Obama is supposed to be given a break while Bush wasn't.



Obama did not inherit a budget surplus like (GW) Bush did. Obama inherited a record budget deficit, as well as two poorly managed ongoing wars.
Math tutoring available. Only $6! per hour! First lesson: Factorials!

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And Bush inherited Clinton's mess.

The difference is (at least in this forum), is that Obama is supposed to be given a break while Bush wasn't.



RIGHT - that SURPLUS was SUCH a mess.

You guys are living in cloud-cuckoo land.
If you can't fix it with a hammer, the problem's electrical.

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Weak, very weak.

There was no record foreclosure rate during Carter's term. There was no loss of 50% in the stock market during Carter's term. No megabanks or mega insurance companies went belly up during Carter's term. Unemployment was 7.8% at the end of Ford's term and 7.2% at the end of Carter's term.

You simply don't like the truth. Obama inherited a mess the like of which hasn't been seen since 1930



Please. Inflation peaked at 14.76% in March of 1980. Interest rates topped 15% in 1981. Unemployment was 10.8% in November/December of 1982. Nowhere near that today. The only reason there wasn't a record foreclosure rate under Carter is that subprimes didn't exist then.

Megabanks and insurance companies didn't exist like they do today.

Unemployment was around 6% at the end of Bush's term.

Nice try.



Cloud-cuckoo land for you too. PS REAGAN had been president for nearly 2 years by Nov. 82

There is simply no comparison.
If you can't fix it with a hammer, the problem's electrical.

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Perhaps you're too young to remember those years. This isn't nearly as bad.



Doesnt matter. The demonization has to be done. Why, because what works takes power away from government. Very simple to see when one leave cloud cookoo land.

You see that. I see that. But when you are making claims from there you are blinded, like those who coined the term........
"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

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>Obama is supposed to be given a break while Bush wasn't.

?? Bush got 5 years worth of breaks. After 9/11 his popularity was in the 90's; no one questioned even his dumber decisions for at least a year. Heck, he beat a democratic challenger in 2004. He only became historically unpopular when it became clear how foolish his military, economic and foreign policy plans were, and how lacking in vision his initiatives were.

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Perhaps you're too young to remember those years.



Ummmm - NO. And I also remember the S&L crisis during Reagan/Bush years, with Keating and MCCAIN.



That would be the same S&L crisis where the PROSECUTOR said that McCain should never have been charged, yes?
Mike
I love you, Shannon and Jim.
POPS 9708 , SCR 14706

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Perhaps you're too young to remember those years. This isn't nearly as bad.



I can, and this is far worse. 1/2 million losing their jobs each month for months on end?



Read again. Unemployment peaked at 10.8%.
Please don't dent the planet.

Destinations by Roxanne

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Perhaps you're too young to remember those years.



Ummmm - NO. And I also remember the S&L crisis during Reagan/Bush years, with Keating and MCCAIN.

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This isn't nearly as bad.




Ummmm - WRONG.



OK. Give me the numbers. Show me where I'm wrong.
Please don't dent the planet.

Destinations by Roxanne

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Perhaps you're too young to remember those years. This isn't nearly as bad.



I can, and this is far worse. 1/2 million losing their jobs each month for months on end?



Read again. Unemployment peaked at 10.8%.



2 years into Reagan's term. Try again.
If you can't fix it with a hammer, the problem's electrical.

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Perhaps you're too young to remember those years.



Ummmm - NO. And I also remember the S&L crisis during Reagan/Bush years, with Keating and MCCAIN.

Quote



This isn't nearly as bad.




Ummmm - WRONG.



OK. Give me the numbers. Show me where I'm wrong.



Dow drops over 50%. Didn't happen during Carter's term.

1/2 million lose jobs every month for several consecutive months. Didn't happen during Carter's term.

Record home foreclosures - didn't happen during Carter's term.


Megabanks needing bailout - didn't happen during Carter's term.

Decline in median home values greatest since 1930s - didn't happen during Carter's term.

Departing president leaves record and increasing deficit to successor - Carter didn't.

And from Friday's WSJ (brought to our attention by JohnRich) more than 8 in 10 Americans blame the Republicans for the current financial crisis. online.wsj.com/article/SB123690358175013837.html
If you can't fix it with a hammer, the problem's electrical.

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