One racked up billions of dollars of debt helping plunge the country down the shitter. The other racked up billions of dollars of debt trying to pull it out.
Is that an audience all bokehed in Bush's background? Bush has a crowd and Obama stands alone. Bush looks at-ease and Obama looks angry--fist clinched perhaps to cling to guns or religion?
One of these days, will you pull the Linda Richman shtick and say, "I'm feeling a little verklempt. Talk amongst yourselves; I'll give you a topic. Druxtaposition: Obama and Bush. Dicuss."
One racked up billions of dollars of debt helping plunge the country down the shitter. The other racked up billions of dollars of debt trying to pull it out.
Yeh, but the one plunging us down the shitter has spent significantly more, per year, and that spending extends as far as we can all see.
I am thinking about the fact that I haven't jerked off in over two weeks. It might not be that the picture is "stirring" this I am just thinking about it in general.
One of these days, will you pull the Linda Richman shtick and say, "I'm feeling a little verklempt. Talk amongst yourselves; I'll give you a topic. Druxtaposition: Obama and Bush. Dicuss."
I guess you haven't read Althouse for very long. That is SOP here and actually why many of us hang around.
"It might not be that the picture is "stirring" this I am just thinking about it in general."
Titus you could always perform some controlled experiments to see where the truth lies. Set up a room full of Obama pictures and another room full of Bush pictures and another room full of pictures in general and lots of tissues in all the rooms and learn where your thoughts lead you. My money is on Bush as being the culprit, ironically.
It's a thankless job because the White House occupants tend to believe they can do everything and should do everything.
I'd prefer a president who knows when to say "that's not the govt's job" and who was confident enough to clam up every so often. So we don't have to hear his name every stinking day on the news. But I guess that would freak out the MSM.
guy and the left looks like a fighter anddetermine so i like that. guy on the right looks like the guy from mad magazine and i'm less inclined toward him.
This is like the Michelle alongside Barry clip. Obama has no magic left compared to whomever there is. The stampede you hear is GOP candidates rushing in to file claims to the nomination that no one, except Palin, wanted to touch with a ten foot pole a year ago.
I don't get a warm fuzzy feeling from either of these guys. The guy on the left gives off a vibe evocative of .......[insert name of crazy European leader who you are not allowed to mention on internet because his name ends all threads] The guy on the right looks like he might not make it to the next rest area.
Desperate demagoguery on the left (literally) as opposed to grim determination on the right.
Nice metaphor.
tooclass said...
One racked up billions of dollars of debt helping plunge the country down the shitter. The other racked up billions of dollars of debt trying to sink it completely.
Fixed it.
Irene said... "Why *does* Bush do that lips-sucked-in thing?"
He's trying to look like Bill Clinton.
No, ma'am. That's Texican; Texans suck it up when things get tough. Willie just pouts and sulks.
guy and the left looks like a fighter anddetermine so i like that. guy on the right looks like the guy from mad magazine and i'm less inclined toward him.
Of course you'll say any crap to support a Dhimmicrat. Truth be damned.
In searching for the Alfred E. Newman picture I came across this, pretty funny:
Newspaper Runs Out Of Anti-Bush Headlines.... As a result, the once elaborate and artistic headlines in the papers are being commonly replaced today by such bland and meaningless titles as "Bush is Bush" and the rather implausible "Bush Eats Condors For Breakfast."
Obama is all about the fear, Bush was always about real hope, dignity. I don't care that he wasn't able to hold the line on spending or mis-managed the wars, he was a good decent man.
So, Math OR Current Events are not your strong points, FLS? After all as Obama has played as much or more golf in 21/22 months than Bush played in 96 months.
Joe, I just think it's funny that people are reading all kinds of noble characteristics into Bush's expression, when to me it says, "Dang, it didn't go in."
(The Crypto Jew) Joe, I just think it's funny that people are reading all kinds of noble characteristics into Bush's expression, when to me it says, "Dang, it didn't go in."
My advice, avoid the golf images. Again, when I read the post, I read, “Obama, dang missed the putt”…not Bush. Because after all who’s saddled with Golfing whilst Rome Burns? Oh yeah, Obama…will not cease work until the hole is filled, UNLESS I’m on the links, Obama.
Coketown wrote: Bush looks at-ease and Obama looks angry--fist clinched perhaps to cling to guns or religion?
My guess he's blaming Bush for something. Either that or fat cats on wall street, or do nothing republicans who won't help out, but who can't have the keys to the car because they can't drive and caused the whole mess anyway.
7:00 - 8:00 AM Morning Polling Briefing 8:00 - 9:00 AM Waffles on WH portico. Wha? C'mon guys, can't he just eat his waffle? 9:00 AM - 3:00 PM Golf 3:00 PM - 4:00 PM Watch Whatever is on ESPN 4:00 - 5:00 PM Hang with LeBron James 5:00 - 6:00 PM Sneak Out for Smoke and a Burger Before "Dinner" 6:00 - 7:00 PM Push Vegatable from WH Garden Around on Plate, Feed to BO when FLOTUS Not Looking 7:00 - 10:00 PM Hang w/ Paul McCartney and Trade "43 Was Dumb" Jokes 10:00 - 11:00PM Smeak out for Smoke and a Beer 11:00PM SportsCenter and Bed.
@Moose, a small correction. You could trust the one on the right to have your back in a bar fight. The other would be watching out for his own skin first, last, and only.
I wish Bush had followed through on that clenched jaw look and kicked Paulson and Bernanke out of the Oval Office when they proposed their giant theft scheme to save "our people"...but he didn't.
Not the point, C3, just couldn't pass up the chance to high-light the diff between a true Patriot (deficiencies aplenty tho he undoubtedly had/has) and a post-modernist, post-colonial, leftist neo-Stalinist who at heart detests this nation as presently constituted and is striving mightily to change it into a leftist nirvana his jumped-up --she of her late no-show $300,000/yr job--affirmative-action wife can be proud of..
The Drill SGT said... I wasn't a big Bushie fan, but he's starting to look a lot better in comparison. ==================== That is like Ford being damned with the faint praise that Jimmy Carter was so bad he was making Ford look smart and Presidential by comparison.
On the other hand, Obama looked like Nolan Effin' Ryan compared to Charlie Crist's wild pitch during this year's Tampa Bay debacle in the playoffs. That's the difference between major league sucking and Hall of Fame sucking.
No Bush nostalgia here. Bush nearly destroyed the Republican Party with his "compassionate conservative" cognitive dissonance. Open borders, giant deficits, federal meddling in education, nation-building projects, etc., all in the name of conservativism. If it hadn't been for Bush, we wouldn't have had Obama, so I see them linked.
Thank god for the Tea Party, which, as Peggy Noonan pointed out the other day, is removing the "Bushism" from the GOP.
Here's a thought. I like them both. Decent intelligent men with the wherewithall to get elected President. Not perfect, but no one is. Doing the best they can.
"One racked up billions of dollars of debt helping plunge the country down the shitter. The other racked up billions of dollars of debt trying to pull it out."
Notice... the Democrat gets credit for TRYING while the Republican has to stand on results.
One racked up billions of dollars of debt helping plunge the country down the ______. The other racked up billions of dollars of debt trying to pull it out. You mean "the other racked up TRILLIONS of dollars falsely promising to pull it out." The liquidity crisis was temporary; the national debt is eternal, unless we pull the plug on the government's power to borrow.
My feelings at viewing the photos are "Here goes Althouse on another of her Drudge feng shui musings." One is facing right. The other is facing leftward, but I think he's playing up the "demonic" angle with the photo of Obama. Those lines on his face seem to be enhanced.
wv: bearc - the ark that carried all the losers in HHGTTG
I am of the impression that Bush did stupid for what he believed was best to preserve our nation. I am almost certain that Obama does stupid to change our nation.
One racked up billions of dollars of debt helping plunge the country down the ______. The other racked up billions of dollars of debt trying to pull it out. Obama has racked up trillions. That's like getting the same candy bar Bush sold us for $1.00 at the new low price of $1000.00 under Obama.
1. To finish the job of spanking Saddam Hussein his dad was not allowed to do.
2. To distract Americans from his inability to avenge 9/11.
3. To put the fear of God into jihadis who saw how easy it was to strike at the heart of America.
Those are the "theories" of small-minded idiots.
We liberated Iraq to 1) remove Saddam from power, 2) disable his WMD programs and 3) create a counterpoint (as per West Berlin) to radical Islam.
History will compare that with Obama letting Iran get the Bomb and find Obama wanting - because every administration after him will be hamstrung in the Middle East.
They look vaguely familiar. Are they those guys that sell stuff on my TV late at night? I don't trust that whole thing they do. They seem to promise too much.
We most likely are too far gone to fix things and need full revolution in this country, a new OS kernel, rewrite the bill of rights to include rights (and formalized checks and balances) against our corporate as well as our government masters- nuke corporate personhood - as well as rights against International Tyranny etc. etc. -
but I'm coming up on middle age and slowing down just a bit, and someone else will have to do it because I frankly don't have the energy to even seriously wish for it anymore.
But that's my best, most truthful call when I look at both their faces juxtaposed like that - oh and I don't personally hate either one of them.
I also don't think we currently have the brainpower in motion to do it right, so we'll just limp along awhile longer on the older, broken system which still might be better than anything we could put together now.
1. Am I not pretty? My whole family is so pretty. Take heart. Have hope. Up is down; that is my pledge. What's more, I can easily speechify for four years.
2. Shh, I'm listening to God. He's telling me... where Bin Laden is... and how to beat Al Qaeda... and how to save our economy... my daddy is God... they tried to kill my daddy... they tried to kill God.
Former Law Student wrote: Clinton reduced the National Debt as a percent of GDP for the first time since the Carter administration.
But Clinton also deregulated the banks, the very thing that the dems now say brought down the economy. He also expanded housing for poor people by opeing up the CRA. And it was only a projected surplus anyway. Not an actual one. But I can see dems taking credit for the economy, but why not the bad parts too? You take the good and the bad, and there you have the facts of life. The facts of life.
Why at that moment, and not when he had invaded Kuwait?
2) disable his WMD programs and
Fen still believes that BS justification. He probably still writes letters to Santa.
Hint: There were no WMDs in Iraq, and hadn't been for years and years.
But there was a crazy dictator with honest-to-God WMDs who did starve his own people, who we left the hell alone -- Kim Jong-Il.
3) create a counterpoint (as per West Berlin) to radical Islam.
Iraq had been holding Iran at bay, so wby throwing Iraq into chaos, we removed a vital counterpoint, not created one. Now Iran is a bigger threat to Israel than ever. Heckuva job, Georgie.
But Clinton also deregulated the banks, the very thing that the dems now say brought down the economy. He also expanded housing for poor people by opeing up the CRA. And it was only a projected surplus anyway. Not an actual one.
So much misinformation, so little time. Let's start with the Clinton surpluses.
Correcting for inflation, budgets from the Clinton administration were in surplus for 1998-2001.
Surpluses by year (Billions of constant 2005 dollars) 1998 82.1 1999 146.8 2000 269.5 2001 142.7
Then the very first time we gave Bush the keys to the economy, he ran a deficit: 2002 -172.7 It just got worse from there as W's tax cuts combined with the Iraq war expenses: 2003 -402.8 2004 -428.0 2005 -318.3 2006 -239.6 2007 -151.1 2008 -415.8 2009-1279.6
Source for surplus/deficit info: http://www.gpoaccess.gov/usbudget/fy11/hist.html
The chief villain in the economic meltdown was not the repeal of Glass-Steagall, but the Commodity Futures Modernization Act of 2000, which passed as a rider to the 2000 budget bill in the lame-duck session in December. This deliberate decision not to regulate structured finncial products such as credit derivatives nearly toppled the world economy.
Janet Tavakoli, author of two books on structured finance, has perhaps the best handle on what happened. Please read her articles.
My understanding:
Low interest rates made all debt instruments unattractive investments. The junk bond era was over. Sub prime mortgage loans were about the only paper that paid a decent return, but as with junk bonds, the risk of the borrowers' defaulting was priced into them -- hence they were sub-prime.
Some genius decided by bundling a lot of risky loans together they would create a low-risk investment -- while any individual was likely to default, they couldn't all default at once, could they? Backing up this belief, the bundlers assumed the borrowers would pay back the loans as if they had been prime conventional borrowers: 20% down/30 year loans.
The geniuses who created these divided them into tranches, and got the bond rating agencies to arbitrarily rate some tranches at the highest investment grade.
But not only, that, they created credit default swaps that shoved the risk of borrower default onto someone else. In fact the creators of the loan bundles actually were betting their creations would become worthless.
And the people they sold the swaps to sold swaps to other people, and so on.
The whole thing was a massive house of cards. But everybody who created and sold one of these turds got handsomely paid for doing so.
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94 comments:
George Bush has a strength and dignity that Mr. Obama simply does not possess.
Hatred and longing...
Once again I'm pissed at the Democrats for foisting off another clown for President and winning this time.
Makes me want W back in if only to have a guy that would at least stand a chance in a bar fight.
One racked up billions of dollars of debt helping plunge the country down the shitter. The other racked up billions of dollars of debt trying to pull it out.
Frustration versus resolve.
Tantrum versus conviction.
(Miss me yet.)
Is that an audience all bokehed in Bush's background? Bush has a crowd and Obama stands alone. Bush looks at-ease and Obama looks angry--fist clinched perhaps to cling to guns or religion?
One of these days, will you pull the Linda Richman shtick and say, "I'm feeling a little verklempt. Talk amongst yourselves; I'll give you a topic. Druxtaposition: Obama and Bush. Dicuss."
I don't dare say what I "feel" or I might get fired...
Drudge's juxtaposition of Potus 43 and 44 presents Obama as a bully and Bush as someone trying to escape from being bullied. 哉。
One racked up billions of dollars of debt helping plunge the country down the shitter. The other racked up billions of dollars of debt trying to pull it out.
Yeh, but the one plunging us down the shitter has spent significantly more, per year, and that spending extends as far as we can all see.
(The Crypto Jew)
Too Class, you need to be more specific, here...Who did what?
For all his considerable faults I miss the adult on the right. We just endure the child on the left.
Wannie framed it well initially.
I don't think that very many expected to be nostalgic so quickly for George W. Bush and his Presidency.
I wasn't a big Bushie fan, but he's starting to look a lot better in comparison.
By 2012, Obama will single-handedly have rehabilitated Bush and the Left will hate both of them because of it
I am thinking about the fact that I haven't jerked off in over two weeks. It might not be that the picture is "stirring" this I am just thinking about it in general.
What a thankless job.
none
One of these days, will you pull the Linda Richman shtick and say, "I'm feeling a little verklempt. Talk amongst yourselves; I'll give you a topic. Druxtaposition: Obama and Bush. Dicuss."
I guess you haven't read Althouse for very long. That is SOP here and actually why many of us hang around.
"It might not be that the picture is "stirring" this I am just thinking about it in general."
Titus you could always perform some controlled experiments to see where the truth lies. Set up a room full of Obama pictures and another room full of Bush pictures and another room full of pictures in general and lots of tissues in all the rooms and learn where your thoughts lead you. My money is on Bush as being the culprit, ironically.
It's a thankless job because the White House occupants tend to believe they can do everything and should do everything.
I'd prefer a president who knows when to say "that's not the govt's job" and who was confident enough to clam up every so often. So we don't have to hear his name every stinking day on the news. But I guess that would freak out the MSM.
guy and the left looks like a fighter anddetermine so i like that. guy on the right looks like the guy from mad magazine and i'm less inclined toward him.
Both are looking off somewhere, but whereas Bush looks introspective, Obama seems demanding-- perhaps scared because of what he faces.
It's definitely an interesting couple of photos.
Harry Reid's line is funnier.
This is like the Michelle alongside Barry clip. Obama has no magic left compared to whomever there is. The stampede you hear is GOP candidates rushing in to file claims to the nomination that no one, except Palin, wanted to touch with a ten foot pole a year ago.
I don't get a warm fuzzy feeling from either of these guys. The guy on the left gives off a vibe evocative of .......[insert name of crazy European leader who you are not allowed to mention on internet because his name ends all threads] The guy on the right looks like he might not make it to the next rest area.
Guy on left is throwing a temper tantrum with his itty bitty closed fists because he can't get all the cookies.
Guy on the right is looking with determination and channeled emotion towards a goal.
Druxtaposition! What a wonderful word.
Why *does* Bush do that lips-sucked-in thing? It looks so odd.
"Why *does* Bush do that lips-sucked-in thing?"
He's trying to look like Bill Clinton.
George just missed his putt, while Obama is rallying the voters.
Pride. Any American boy can grow up to be President, even if he becomes an alcoholic or drug abuser along the way.
Yes, I believe that Obama is an American.
And I apologize for calling him boy.
No feeling to speak of, but I do see two invisible sets of enemies.
One set of enemies are all gathered under the man's nose to his immediate right, and the man's enemies are spread out and far away.
George Bush has a strength and dignity that Mr. Obama simply does not possess.
guy on the right looks like the guy from mad magazine
Rhorschach
HD;
You were referred to this, correct?
I didn't appreciate Bush, but I do now.
By 2012, Obama will single-handedly have rehabilitated Bush and the Left will hate both of them because of it
Drill Sgt., you won the thread.
Moose said...
Once again I'm pissed at the Democrats for foisting off another clown for President and winning this time.
Well said.
Carter, Dukakis, Mondale, Gore, Kerry. And of course Obama.
What are they thinking?
I do not think Clinton is a clown. He's an acrobat.
Desperate demagoguery on the left (literally) as opposed to grim determination on the right.
Nice metaphor.
tooclass said...
One racked up billions of dollars of debt helping plunge the country down the shitter. The other racked up billions of dollars of debt trying to sink it completely.
Fixed it.
Irene said...
"Why *does* Bush do that lips-sucked-in thing?"
He's trying to look like Bill Clinton.
No, ma'am. That's Texican; Texans suck it up when things get tough. Willie just pouts and sulks.
I move that Drudgedy be replaced with Druxtaposition henceforth. Is there a second?
guy and the left looks like a fighter anddetermine so i like that. guy on the right looks like the guy from mad magazine and i'm less inclined toward him.
Of course you'll say any crap to support a Dhimmicrat. Truth be damned.
In searching for the Alfred E. Newman picture I came across this, pretty funny:
Newspaper Runs Out Of Anti-Bush Headlines....
As a result, the once elaborate and artistic headlines in the papers are being commonly replaced today by such bland and meaningless titles as "Bush is Bush" and the rather implausible "Bush Eats Condors For Breakfast."
Obama is all about the fear, Bush was always about real hope, dignity. I don't care that he wasn't able to hold the line on spending or mis-managed the wars, he was a good decent man.
Uhhh, I'll take neither?
fls:
George just missed his putt, while Obama is rallying the voters.
Did you really just make a golf reference as a put-down of Bush?
Obama is a fanatic.
Did you really just make a golf reference as a put-down of Bush?
Don't believe me? Here's another picture of Serious George, on the course:
http://tinyurl.com/295jcll
Don't believe me? Here's another picture of Serious George, on the course:
Hehe, I believe you. It's just odd that in a thread comparing Obama to Bush, it's Bush who's the one golfing.
(The Crypto Jew)
So, Math OR Current Events are not your strong points, FLS? After all as Obama has played as much or more golf in 21/22 months than Bush played in 96 months.
hdhouse - seriously, what the fuck was that? Your meds are out of whack - you are making even less sense than usual. Call your attendant.
Joe, I just think it's funny that people are reading all kinds of noble characteristics into Bush's expression, when to me it says, "Dang, it didn't go in."
(The Crypto Jew)
Joe, I just think it's funny that people are reading all kinds of noble characteristics into Bush's expression, when to me it says, "Dang, it didn't go in."
My advice, avoid the golf images. Again, when I read the post, I read, “Obama, dang missed the putt”…not Bush. Because after all who’s saddled with Golfing whilst Rome Burns? Oh yeah, Obama…will not cease work until the hole is filled, UNLESS I’m on the links, Obama.
W, like him or not, was a man in full.
O, like him or not, is a wuss.
They both look a little pissed off
Coketown wrote:
Bush looks at-ease and Obama looks angry--fist clinched perhaps to cling to guns or religion?
My guess he's blaming Bush for something. Either that or fat cats on wall street, or do nothing republicans who won't help out, but who can't have the keys to the car because they can't drive and caused the whole mess anyway.
DAILY SCHEDULE, POTUS
10/22/2010
7:00 - 8:00 AM Morning Polling Briefing
8:00 - 9:00 AM Waffles on WH portico. Wha? C'mon guys, can't he just eat his waffle?
9:00 AM - 3:00 PM Golf
3:00 PM - 4:00 PM Watch Whatever is on ESPN
4:00 - 5:00 PM Hang with LeBron James
5:00 - 6:00 PM Sneak Out for Smoke and a Burger Before "Dinner"
6:00 - 7:00 PM Push Vegatable from WH Garden Around on Plate, Feed to BO when FLOTUS Not Looking
7:00 - 10:00 PM Hang w/ Paul McCartney and Trade "43 Was Dumb" Jokes
10:00 - 11:00PM Smeak out for Smoke and a Beer
11:00PM SportsCenter and Bed.
@Moose, a small correction. You could trust the one on the right to have your back in a bar fight. The other would be watching out for his own skin first, last, and only.
What feelings are stirred?
In intense desire to switch the channel.
Isn't that one of the photos of Obama that RushL called demonic? Not a fair comparison.
Isn't that one of the photos of Obama that RushL called demonic? Not a fair comparison.
Obama: And when we find the traitors, splittists, and wreckers in our midst, we will crush them!
Bush (thought balloon): I've held my tongue for two years, but keep on with this crap and one of these days you'll be spittin' out teeth ...
I wish Bush had followed through on that clenched jaw look and kicked Paulson and Bernanke out of the Oval Office when they proposed their giant theft scheme to save "our people"...but he didn't.
Bush has a sense of humor.
You want a juxtaposition?? I GOT YOU A JUXTAPOSITION!!! EVERYBODY go to:
http://2parse.com/?p=561
(Pics of young McCain & Obama)
Virgil;
sorry but that choice has passed us by. You'll just have to wait till 2012.
That's the look W had just before he threw that strike over home plate right after 9/11.
Compare and contrast Obama in Mom jeans throwing the ball, uh, somewhere...
Goofus and Gallant.
"What feelings are stirred?"
Glad Bush is gone, can't wait to be rid of Obama, no regret that McCranky pants McCain lost.
Not the point, C3, just couldn't pass up the chance to high-light the diff between a true Patriot (deficiencies aplenty tho he undoubtedly had/has) and a post-modernist, post-colonial, leftist neo-Stalinist who at heart detests this nation as presently constituted and is striving mightily to change it into a leftist nirvana his jumped-up --she of her late no-show $300,000/yr job--affirmative-action wife can be proud of..
The Drill SGT said...
I wasn't a big Bushie fan, but he's starting to look a lot better in comparison.
====================
That is like Ford being damned with the faint praise that Jimmy Carter was so bad he was making Ford look smart and Presidential by comparison.
@ Mathmom
On the other hand, Obama looked like Nolan Effin' Ryan compared to Charlie Crist's wild pitch during this year's Tampa Bay debacle in the playoffs. That's the difference between major league sucking and Hall of Fame sucking.
No Bush nostalgia here. Bush nearly destroyed the Republican Party with his "compassionate conservative" cognitive dissonance. Open borders, giant deficits, federal meddling in education, nation-building projects, etc., all in the name of conservativism. If it hadn't been for Bush, we wouldn't have had Obama, so I see them linked.
Thank god for the Tea Party, which, as Peggy Noonan pointed out the other day, is removing the "Bushism" from the GOP.
Here's a thought. I like them both. Decent intelligent men with the wherewithall to get elected President. Not perfect, but no one is. Doing the best they can.
boy...MAN
Tooclass:
"One racked up billions of dollars of debt helping plunge the country down the shitter. The other racked up billions of dollars of debt trying to pull it out."
Notice... the Democrat gets credit for TRYING while the Republican has to stand on results.
One racked up billions of dollars of debt helping plunge the country down the ______. The other racked up billions of dollars of debt trying to pull it out. You mean "the other racked up TRILLIONS of dollars falsely promising to pull it out." The liquidity crisis was temporary; the national debt is eternal, unless we pull the plug on the government's power to borrow.
My feelings at viewing the photos are "Here goes Althouse on another of her Drudge feng shui musings." One is facing right. The other is facing leftward, but I think he's playing up the "demonic" angle with the photo of Obama. Those lines on his face seem to be enhanced.
wv: bearc - the ark that carried all the losers in HHGTTG
I meant "Between Scylla & Charybdis.".
AST, it's dirty pool anyway to capture someone in mid-word. Anyone can be made to look idiotic that way.
I am of the impression that Bush did stupid for what he believed was best to preserve our nation. I am almost certain that Obama does stupid to change our nation.
Obama has no class.
And Bush didn't spend his first two years whining about all the problems Clinton left behind.
And Bush didn't spend his first two years whining about all the problems Clinton left behind.
Sure, just like he didn't whine as a kid, when he came downstairs and saw all his presents under the tree.
Clinton reduced the National Debt as a percent of GDP for the first time since the Carter administration.
One racked up billions of dollars of debt helping plunge the country down the ______. The other racked up billions of dollars of debt trying to pull it out. Obama has racked up trillions. That's like getting the same candy bar Bush sold us for $1.00 at the new low price of $1000.00 under Obama.
I am of the impression that Bush did stupid for what he believed was best to preserve our nation.
First thing Bush did was roll back taxes for people in his and his dad's income bracket, reversing Clinton's progress at decreasing the National Debt.
Second thing Bush did was invade Iraq. There are three theories why he did that:
1. To finish the job of spanking Saddam Hussein his dad was not allowed to do.
2. To distract Americans from his inability to avenge 9/11.
3. To put the fear of God into jihadis who saw how easy it was to strike at the heart of America.
FLS: There are three theories why he did that:
1. To finish the job of spanking Saddam Hussein his dad was not allowed to do.
2. To distract Americans from his inability to avenge 9/11.
3. To put the fear of God into jihadis who saw how easy it was to strike at the heart of America.
Those are the "theories" of small-minded idiots.
We liberated Iraq to 1) remove Saddam from power, 2) disable his WMD programs and 3) create a counterpoint (as per West Berlin) to radical Islam.
History will compare that with Obama letting Iran get the Bomb and find Obama wanting - because every administration after him will be hamstrung in the Middle East.
Really FLS, stay away from foreign policy discussions. You don't know what the fuck you are talking about.
They look vaguely familiar. Are they those guys that sell stuff on my TV late at night? I don't trust that whole thing they do. They seem to promise too much.
Not a damn thing for either one of them.
We most likely are too far gone to fix things and need full revolution in this country, a new OS kernel, rewrite the bill of rights to include rights (and formalized checks and balances) against our corporate as well as our government masters- nuke corporate personhood - as well as rights against International Tyranny etc. etc. -
but I'm coming up on middle age and slowing down just a bit, and someone else will have to do it because I frankly don't have the energy to even seriously wish for it anymore.
But that's my best, most truthful call when I look at both their faces juxtaposed like that - oh and I don't personally hate either one of them.
I also don't think we currently have the brainpower in motion to do it right, so we'll just limp along awhile longer on the older, broken system which still might be better than anything we could put together now.
http://www.nunoftheabove.info/?p=1956
a better link, compare contrast.
1. Am I not pretty? My whole family is so pretty. Take heart. Have hope. Up is down; that is my pledge. What's more, I can easily speechify for four years.
2. Shh, I'm listening to God. He's telling me... where Bin Laden is... and how to beat Al Qaeda... and how to save our economy... my daddy is God... they tried to kill my daddy... they tried to kill God.
Former Law Student wrote:
Clinton reduced the National Debt as a percent of GDP for the first time since the Carter administration.
But Clinton also deregulated the banks, the very thing that the dems now say brought down the economy. He also expanded housing for poor people by opeing up the CRA. And it was only a projected surplus anyway. Not an actual one.
But I can see dems taking credit for the economy, but why not the bad parts too? You take the good and the bad, and there you have the facts of life. The facts of life.
We liberated Iraq to 1) remove Saddam from power,
Why at that moment, and not when he had invaded Kuwait?
2) disable his WMD programs and
Fen still believes that BS justification. He probably still writes letters to Santa.
Hint: There were no WMDs in Iraq, and hadn't been for years and years.
But there was a crazy dictator with honest-to-God WMDs who did starve his own people, who we left the hell alone -- Kim Jong-Il.
3) create a counterpoint (as per West Berlin) to radical Islam.
Iraq had been holding Iran at bay, so wby throwing Iraq into chaos, we removed a vital counterpoint, not created one. Now Iran is a bigger threat to Israel than ever. Heckuva job, Georgie.
But Clinton also deregulated the banks, the very thing that the dems now say brought down the economy. He also expanded housing for poor people by opeing up the CRA. And it was only a projected surplus anyway. Not an actual one.
So much misinformation, so little time. Let's start with the Clinton surpluses.
Correcting for inflation, budgets from the Clinton administration were in surplus for 1998-2001.
Surpluses by year (Billions of constant 2005 dollars)
1998 82.1
1999 146.8
2000 269.5
2001 142.7
Then the very first time we gave Bush the keys to the economy, he ran a deficit:
2002 -172.7
It just got worse from there as W's tax cuts combined with the Iraq war expenses:
2003 -402.8
2004 -428.0
2005 -318.3
2006 -239.6
2007 -151.1
2008 -415.8
2009-1279.6
Source for surplus/deficit info: http://www.gpoaccess.gov/usbudget/fy11/hist.html
The chief villain in the economic meltdown was not the repeal of Glass-Steagall, but the Commodity Futures Modernization Act of 2000, which passed as a rider to the 2000 budget bill in the lame-duck session in December. This deliberate decision not to regulate structured finncial products such as credit derivatives nearly toppled the world economy.
Janet Tavakoli, author of two books on structured finance, has perhaps the best handle on what happened. Please read her articles.
My understanding:
Low interest rates made all debt instruments unattractive investments. The junk bond era was over. Sub prime mortgage loans were about the only paper that paid a decent return, but as with junk bonds, the risk of the borrowers' defaulting was priced into them -- hence they were sub-prime.
Some genius decided by bundling a lot of risky loans together they would create a low-risk investment -- while any individual was likely to default, they couldn't all default at once, could they? Backing up this belief, the bundlers assumed the borrowers would pay back the loans as if they had been prime conventional borrowers: 20% down/30 year loans.
The geniuses who created these divided them into tranches, and got the bond rating agencies to arbitrarily rate some tranches at the highest investment grade.
But not only, that, they created credit default swaps that shoved the risk of borrower default onto someone else. In fact the creators of the loan bundles actually were betting their creations would become worthless.
And the people they sold the swaps to sold swaps to other people, and so on.
The whole thing was a massive house of cards. But everybody who created and sold one of these turds got handsomely paid for doing so.
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