Message #1843

[Woody]

Bush had a lot to do with bailouts that the Reps are putting Obama's name on. Okay, so Obama worked with Dubya's bailouts, but he put conditions on it that Dubya didn't and he gets due credit for that part.

And the market DID crash, and it crashed under Dubya.  Dow hit 6,000 range. Obama brought it back to the 12,000 - 13,000 range, so I say again: Wall Street doesn't have a problem with the GDP so why should I?

I'll give you another reason why I don't have a problem with the GDP: it's a fudge number that was fudged from what should be the GNP, that's why. A lot of the voodoo economics occurring now was built on the voodoo Reaganomics I had a problem with when I voted against Reagan's second term. Reagan doesn't matter? Greenspan sure did, long after the Reagan.

I also remember the roaring 90's when Wall Street declared a "new paradigm" as well as declaring that inflation was dead...and then...just today, on CNN, McCafferty posited that too many seniors were dying off with less than 10,000 in assets at their demise. He read a lot of Twitter statements, none of which mentioned the shitty interest rates that kept getting cut in the name of slaying inflation.  And yet consumer prices kept rising with this allegedly dead inflation.

People haven't saved much since Reagan, gambling that the market would never crash and putting all their retirement money in 401ks, IRAs and similar junk Reagan era inventions...which I knew were bad deals when they were invented. My money went into E Bonds, and then the interest rate was cut on THOSE.

Reagan started the **** ball rolling and what we have now is not so much Bush's fault as it is the fault of the whole stinkin' Republican Party, beginning with Reagan.

Bush had a lot to do with bailouts that the Reps are putting Obama's name on. Okay, so Obama worked with Dubya's bailouts, but he put conditions on it that Dubya didn't and he gets due credit for that part.

I never said he didn't.  I also remember he consulted with Obama on one of those.  And I also recall posters like Coleman and I bitching about them.  What does this have to do with1.5% GDP growth?

And the market DID crash, and it crashed under Dubya.  Dow hit 6,000 range. Obama brought it back to the 12,000 - 13,000 range, so I say again: Wall Street doesn't have a problem with the GDP so why should I?

Really?  Lol!  So then why is GDP GROWTH SO LOW AND THE UNEMPLOYMENT RATE SO HIGH?

I'll give you another reason why I don't have a problem with the GDP: it's a fudge number that was fudged from what should be the GNP, that's why. A lot of the voodoo economics occurring now was built on the voodoo Reaganomics I had a problem with when I voted against Reagan's second term. Reagan doesn't matter? Greenspan sure did, long after the Reagan

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So Obama is fudging numbers and you will vote for him anyway? 




Wow!  To avoid blaming Obama she goes all the way back to Reagan.  You ma'am are comic relief.  Care to address my points from my last post?