What happened to all of the doom and gloom economic threads?

[unregistered]

 

[Sean Renaud]

The Democrats forced Bush I to violate his no new taxes pledge. So we had a good economic run interrupted by Democrat tax increases.

Why not veto it? Why didn't the Republicans fillabuster?

 

[unregistered]

 

[bra_man69]

The Democrats forced Bush I to violate his no new taxes pledge. So we had a good economic run interrupted by Democrat tax increases.

That was all political he had no choice he was fucked he know it.

 

[RobDownSouth]

Reagan inherited the worse economy since the depression and turned it around, though he added to the debt like Democrats like to point out, the economy was expanding at the time so the dept as a percentage of GDP was going down. Clinton and Gore inherited the Reagan economy from Bush and spent the first two years doubling the deficit. It took a Republican Congress to save Clinton from himself as illustrated here:

http://www.chrishenchy.com/images/BillEcon.gif

The Vettebigot never gets tired of lying to preserve St. Ronnie.

The truth is, Reagan DID have a very good economic run during his first term in office. The Vettebigot seems not to remember Black Monday in 1987 when the stock market went to hell. It recovered by 1990 but the whole world went into a recession shortly afterwards, which was one of the reason Bush I didn't get a second term.

Clinton did get a boost when the economy turned around immediately prior to his presidency (around December 1992).

The chart that the Vettebigot uses is very careful to leave out the economic downturn from 1987 to 1990.

 

[Sean Renaud]

Filibusters only happen in the Senate and they can be ended with 60 votes. Don't try and blame the minority like you do now.

So why not veto the bill?

 

[unregistered]

 

[Ulaven_Demorte]

As I recall the Dems lied to him.

You recall wrong.

Bush I was forced to enact tax increases and deep spending cuts after trying to put them off repeatedly. But as the economy went further into the shitter he was left with no choice but to sign an increase and break his pledge. He wasn't fucking lied to about anything. He could have vetoed the bill if he had any other choice.

 

[unregistered]

 

[bra_man69]

As I recall the Dems lied to him.

Dems lies that never ever happens.
Got remember also the force reduction was going on in the military.
I work with few people that was shit on when that happened they have no respect for the government anymore.

 

[unregistered]

 

[jeninflorida]

we can, or we can't?

the answer is, 2 economies from 2 different time periods can't be compared. what worked for one absolutely may not work for the other. to assume so is to be completely out of touch with how monumentally complex our national economy is.

the bush tax cuts are adding to the debt, that's true. but they are helpful in the short term, which everyone hopes will translate into helpful for the long term.

adding new higher taxes could be harmful in the short term, which may end up being disastrous in the long term.

can you explain how higher taxes now would be beneficial?

I think the greatest asset Clinton had, was being a "Cheerleader"

the guy made you feel better. Obama doesn't have that

 

[Sean Renaud]

It looks like the short version is that instead of digging his heels in he compromised with the Democrats. Good for him.

 

[Sean Renaud]

I think the greatest asset Clinton had, was being a "Cheerleader"

the guy made you feel better. Obama doesn't have that

It's hard to when you're constantly bad mouthing the man.

 

[Ulaven_Demorte]

Not really, he compromised with them and they used it against him in the election. They never came through with the promised budget cuts either.

That's not lying to him and they didn't use it against him so much as his own party did.
Buchanan beat him with it in the Primaries and Gingrich crucified him.
Nice revisionism attempt though.

 

[jeninflorida]

Except that's when we need government the most. If revenues drop it's because we aren't making money. The last thing we want is for them to start laying us off.

Tax cuts are a "cost" to the government the same way you agreeing to take a pay cut are a "cost" to your family budget. Government doesn't directly ask me anything, I however vote and have a fairly decent idea of what the people I vote for are likely to do and here in California we actually vote on a lot of of our taxes. We're damn near democratic to a fault.

If you were a true entrepreneur you would now and understand cutting costs to match the reduce level of income.


Now the bigger issue, I have no problem with most government salaries. My problem is the OVERHEAD. Why does it cost so freaking much for the government to employ a person? Government role is NOT to be in the enterprise, and should keep services to a min.

Hell, we should shut down all schools and sell them off to the private sector. Let the private sector take over from k-grad school and cut off all government funding! This would solve the student loan bubble as schools have to compete and be cost effective

 

[Sean Renaud]

If you were a true entrepreneur you would now and understand cutting costs to match the reduce level of income.


Now the bigger issue, I have no problem with most government salaries. My problem is the OVERHEAD. Why does it cost so freaking much for the government to employ a person? Government role is NOT to be in the enterprise, and should keep services to a min.

Hell, we should shut down all schools and sell them off to the private sector. Let the private sector take over from k-grad school and cut off all government funding! This would solve the student loan bubble as schools have to compete and be cost effective

A country is not a business however and doesn't operate under the same rules.

Why should government keep services to a minimum?

Turning over schools to the private sector is a terrible idea and no it wouldn't stop the student loan bubble at all, the two aren't even remotely related.

 

[jeninflorida]

It's hard to when you're constantly bad mouthing the man.

I call it like I see it, Obama is a piece of shit and a mentally disturbed person. I would much rather have Bill or Hillary Clinton than a socialist! Obama is arrogant and unskilled, lacks personal skills, and a thug.

was I clear on how I feel about that fucker?

Obama is a divide and punisher (you are with him or he will hurt you) where Bill was a schmoozer. I also think that Clinton did more for America where Obama is all about Obama

 

[jeninflorida]

A country is not a business however and doesn't operate under the same rules.

Why should government keep services to a minimum?

Turning over schools to the private sector is a terrible idea and no it wouldn't stop the student loan bubble at all, the two aren't even remotely related.

Gainsville power company is a government enterprise, and has the highest rates in the state. Why does the "government" need to be in this enterprise? because of crazy people making crazy decisions.

hence, government doesn't need to be in most enterprise functions.

and YES government needs to think like a private sector company. match expenses to revenue. However, those in power today grew very fat during the dot com and real estate boom, and these little children are having a hard time coming back to reality. After all, they have a lot of toys that other paid for....

Government needs to reduce expenses, reduces costs, and make intelligent decisions.

 

[unregistered]

 

[unregistered]

 

[Sean Renaud]

To stay within a budget of available funds, like the taxpaying citizen expects them to.

They were within the budget and then new things were added and revenue streams were intentionally severed. This is a bit like buying two cars and deciding to work a four day work week then bitching that your broke.

 

[jeninflorida]

Reagan inherited the worse economy since the depression and turned it around, though he added to the debt like Democrats like to point out, the economy was expanding at the time so the dept as a percentage of GDP was going down. Clinton and Gore inherited the Reagan economy from Bush and spent the first two years doubling the deficit. It took a Republican Congress to save Clinton from himself as illustrated here:

http://www.chrishenchy.com/images/BillEcon.gif

I was talking with a older man today and he was telling me that Carter was inept as a leader and while in office mortgage rates jumped up to 20%

Sean, I'm sure that you view mortgage rates of 20% as a good thing, right?

 

[unregistered]

 

[Sean Renaud]

During the Carter years we sat in mile long gas rationing lines and endured 14.8% inflation rates and 18% interest rates.

And after waiting in mile long gas rationing lines you were still to damn stupid to make a serious, I don't care what it costs get it done, effort to get off of oil.