Ha! It was Bush's spending, doubled the debt & then Obama doubled the debt again in 2 yrs. But then Bush spending with Rep. controlled Congress topped in '04 & dropped in 05 & 06. It's been going up ever since the Dems took Congress in 06.Currently, and in the future 5 years, the single biggest cause of the deficit is the Bush tax cuts.
Graph: http://www.google.com/imgres?imgurl=http://d2o7bfz2il9cb7.cloudfront.net/main-qimg-755c5ef658139a7b134d3bd5cff75e15&imgrefurl=http://www.quora.com/Vince-DeGeorge&usg=__IPbNd5Uc2R4V29ENQo_prx2QDHM=&h=366&w=301&sz=48&hl=en&start=70&sig2=P8ENwkeDxUDFEPs_QTTiIA&zoom=1&tbnid=EkVb2jyU-quOoM:&tbnh=165&tbnw=136&ei=hNtlTfDYAsrogAfJtKSyDQ&prev=/images%3Fq%3Dgraph%2Bsources%2Bof%2Bdebt%26um%3D1%26hl%3Den%26client%3Dfirefox-a%26sa%3DN%26rls%3Dorg.mozilla:en-USfficial%26biw%3D1680%26bih%3D859%26tbs%3Disch:10%2C1482&um=1&itbs=1&iact=rc&dur=401&oei=fdtlTc2JIoi6twe__azvDA&page=3&ndsp=28&ved=1t:429,r:3,s:70&tx=48&ty=81&biw=1680&bih=859
(sorry the link is so long and unwieldy)
Obama was elected on the basis of wonderful rhetoric, not experience, qualification or having a plan.
Obamacare (healthcare) is a disaster that if implemented would bankrupt this country permanently. I watched Cspan one day when a GAO bean-counter testified that the top tax rate--to support Obamacare--by 2050 would be 88%. Bye, bye middle class.
((Ok, not only would it cut the deficit, this is something thath as been repeatedly shown by bipartisan commisions. Secondly, a top tax rate of 88% would hurt the rich, not the middle class, if you know history, traditionally, high top tax rates have expanded the middle class, like under FDR, Truman, and Ike, that's pretty much undisputed)))
The stimulus package? Lets give a trillion dollars to the banks and mortgage companies that put the economy in the dumper. How many jobs were created by that smooth move?
((Actually TARP was the bailout to the banks, started by bush, and the stimulus package was mostly criticized for economists for not being big enough, it's actually thought that it averted a vastly worse recession))
Thankfully, an alert Federal judge was looking over the healthcare bill and said, "Holy Cow, this thing is Unconstitutional on its face." It is really amazing that all of the lawyers in Congress didn't notice that the government cannot compel people to buy anything, including health insurance. Apparently the Constitutional glitch was so huge that no one saw it. Oops!
((Ok, the argument that this bill is unconstitutional is completely unfounded, frankly, it's a partisan judge trying to hurt a democratic president))
We are now into the third year of the second great depression. Obama has proven completely unequal to the task at hand, just as Jimmy Carter did when he was a recession era president.
((IF you look at the unemployment, GDP figures, or basically any other measurement this is not nearly like the great depression)))
Hopefully Obama and Carter will have something else in common in 2012, a term in office of four years then honorable retirement. ((Doubtful, the republicans have no one of any merit to run))
Obama was elected on the basis of wonderful rhetoric, not experience, qualification or having a plan.
Please point out the presidential nominee with prior experience being POTUS. And Obama had a plan, (you already mentioned one of them: Healthcare) its just one you didn't agree with. Thats not the same as having no plan at all
Obamacare (healthcare) is a disaster that if implemented would bankrupt this country permanently.
Actually it HAS been implemented as of 2010, but the central provisions don't take effect until 2014. So lets wait and see before the doom-and gloom prognosis.
I watched Cspan one day when a GAO bean-counter testified that the top tax rate--to support Obamacare--by 2050 would be 88%. Bye, bye middle class.
The stimulus package? Lets give a trillion dollars to the banks and mortgage companies that put the economy in the dumper. How many jobs were created by that smooth move?
As of Jan 2011 its currently 1.1 Million net gain, which is more jobs than Bush created in his entire 8 years in office. And if you are worried about the decline of the middle class, that actually started in the Reagan Era.
Thankfully, an alert Federal judge was looking over the healthcare bill and said, "Holy Cow, this thing is Unconstitutional on its face." It is really amazing that all of the lawyers in Congress didn't notice that the government cannot compel people to buy anything, including health insurance. Apparently the Constitutional glitch was so huge that no one saw it. Oops!
Selective editing of your information? Two Federal Judges (in Florida a Virginia, both conservatives appointed by Bush) stuck it down. Two other Federal judges one in VA and the other in NJ(?) (1 a conservative appointed By Reagan) upheld it. The Score is 2-2
We are now into the third year of the second great depression. Obama has proven completely unequal to the task at hand, just as Jimmy Carter did when he was a recession era president.
Oh please, this is patently false. We aren't even in a recession anymore let alone a Depression. The GAO stated that it was the 2009 Economic stimulus bill that stopped the worst from happening. And let us not forget who got us into this mess in the beginning, it wasn't Obama.
Hopefully Obama and Carter will have something else in common in 2012, a term in office of four years then honorable retirement.
Possible, but not likely unless the economy turns south again which is precisely what the GOP is hoping for. Only 2 Presidents have lost reelection in the past 50 years. Reelections always favorite the incombnant. Obama's popularity is above Bush's approval in 2004 and Bush still managed to win reelection that year. Obama is currently leading *ALL* current GOP prospects, the GOP is running largely on platforms OPPOSED by the majority of Americans, and of course the current selection of
qualified Republicans candidates is frankly...a joke.
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