1. Attention: We have put together a thread with tips and a tutorial video to help with using the new software. Please take a moment to check out the thread here: Trapshooters.com Tutorial & Help Video.
    Dismiss Notice

Counterpoints to Obama still blaming Bush....

Discussion in 'Politics, Elections & Legislation' started by Brian in Oregon, Sep 7, 2010.

Thread Status:
Not open for further replies.
  1. Brian in Oregon

    Brian in Oregon Well-Known Member

    Joined:
    Jan 29, 1998
    Messages:
    25,254
    Location:
    Deplorable Bitter Clinger in Liberal La La Land
    Thomas Sowell nails it again.

    How long can the Democrats continue to mess up the country and get away with it by (falsely) blaming Republicans?

    Will we finally get the answer, this Nov. 2?

    ----------------------------------------

    http://townhall.com/columnists/ThomasSowell/2010/09/07/political_fables/page/full/

    Political Fables

    by Thomas Sowell

    President Barack Obama boldly proclaims, "The buck stops here!" But, whenever his policies are criticized, he acts as if the buck stopped with George W. Bush.

    The party line that we are likely to be hearing from now until the November elections is that Obama "inherited" the big federal budget deficits and that he has to "clean up the mess" left in the economy by the Republicans. This may convince those who want to be convinced, but it will not stand up under scrutiny.

    No President of the United States can create either a budget deficit or a budget surplus. All spending bills originate in the House of Representatives and all taxes are voted into law by Congress.

    Democrats controlled both houses of Congress before Barack Obama became president. The deficit he inherited was created by the Congressional Democrats, including Senator Barack Obama, who did absolutely nothing to oppose the runaway spending. He was one of the biggest of the big spenders.

    The last time the federal government had a budget surplus, Bill Clinton was president, so it was called "the Clinton surplus." But Republicans controlled the House of Representatives, where all spending bills originate, for the first time in 40 years. It was also the first budget surplus in more than a quarter of a century.

    The only direct power that any president has that can affect deficits and surpluses is the power to veto spending bills. President Bush did not veto enough spending bills but Senator Obama and his fellow Democrats in control of Congress were the ones who passed the spending bills.

    Today, with Barack Obama in the White House, allied with Harry Reid and Nancy Pelosi in charge in Congress, the national debt is a bigger share of the national output than it has been in more than half a century. And its share is projected to continue going up for years to come, becoming larger than national output in 2012.

    Having created this scary situation, President Obama now says, "Don't give in to fear. Let's reach for hope." The voters reached for hope when they elected Obama. The fear comes from what he has done since taking office.

    "The worst thing we could do is to go back to the very same policies that created this mess in the first place," he said recently. "In November, you're going to have that choice."

    Another political fable is that the current economic downturn is due to not enough government regulation of the housing and financial markets. But it was precisely the government regulators, under pressure from politicians, who forced banks and other lending institutions to lower their standards for making mortgage loans.

    These risky loans, and the defaults that followed, were what set off a chain reaction of massive financial losses that brought down the whole economy.

    Was this due to George W. Bush and the Republicans? Only partly. Most of those who pushed the lowering of mortgage lending standards were Democrats-- notably Congressman Barney Frank and Senator Christopher Dodd, though too many Republicans went along.

    At the heart of these policies were Fannie Mae and Freddie Mac, who bought huge amounts of risky mortgages, passing the risk on from the banks that lent the money (and made the profits) to the taxpayers who were not even aware that they would end up paying in the end.

    When President Bush said in 2004 that Fannie Mae and Freddie Mac should be reined in, 76 members of the House of Representatives issued a statement to the contrary. These included Barney Frank, Nancy Pelosi, Maxine Waters and Charles Rangel.

    If we are going to talk about "the policies that created this mess in the first place," let's at least get the facts straight and the names right.

    The current policies of the Obama administration are a continuation of the same reckless policies that brought on the current economic problems-- all in the name of "change." Fannie Mae and Freddie Mac are still sacred cows in Washington, even though they have already required the biggest bailouts of all.

    Why? Because they allow politicians to direct vast sums of money where it will do politicians the most good, either personally or in terms of buying votes in the next election.
     
  2. zeroed4x

    zeroed4x TS Member

    Joined:
    Aug 22, 2010
    Messages:
    228
    November 2nd, An Extreme Scorched Earth Blood Bath, Count on it.
     
  3. Shooting Coach

    Shooting Coach Well-Known Member

    Joined:
    Sep 14, 2006
    Messages:
    8,357
    Location:
    Nashville Tn
    As long as the Political Blood shed belongs to the Democrats, well and good.
     
  4. bigunn

    bigunn TS Member

    Joined:
    Feb 26, 2008
    Messages:
    185
    The day the democrats took over was not January 22nd 2009 it was actually January 3rd 2007 the day the Democrats took over the House of Representatives and the Senate, the start of the 110th Congress. The Democratic Party controlled a majority in both chambers for the first time since the end of the 103rd Congress in 1995.

    For those who are listening to the liberals propagating the fallacy that everything is "Bush's Fault", think about this:


    January 3rd, 2007 was the day the Democrats took over the Senate and the Congress:

    At the time:

    • The DOW Jones closed at 12,621.77



    • The GDP for the previous quarter was 3.5%



    • The Unemployment rate was 4.6%



    • George Bush's Economic policies SET A RECORD of 52 STRAIGHT MONTHS of JOB CREATION!


    Remember the day…

    January 3rd, 2007 was the day that Barney Frank took over the House Financial Services Committee and Chris Dodd took over the Senate Banking Committee.

    The economic meltdown that happened 15 months later was in what part of the economy?


    BANKING AND FINANCIAL SERVICES!

    • Thank Congress for taking us from 13,000 DOW, 3.5 GDP and 4.6% Unemployment to this CRISIS by dumping 5-6 TRILLION Dollars of toxic loans on the economy from YOUR Fannie Mae and Freddie Mac fiasco's! (BTW: Bush asked Congress 17 TIMES to stop Fannie & Freddie - starting in 2001, because it was financially risky for the U.S. economy, but no one was listening).



    • And who took the THIRD highest pay-off from Fannie Mae AND Freddie Mac? OBAMA.



    • And who fought against reform of Fannie and Freddie??? OBAMA and the Democratic Congress.


    So when someone tries to blame Bush…

    REMEMBER JANUARY 3rd, 2007.... THE DAY THE DEMOCRATS TOOK OVER!" Bush may have been in the car, but the Democrats were in charge of the gas pedal and steering wheel they were driving. Set the record straight on Bush!

    So, as you listen to all the commercials and media from the Democrats who are now distancing themselves from their voting record and their party, remember how they didn't listen to you when you said you didn't want all the bailouts, you didn't want the health care bill, you didn't want cap and trade, you didn't want them to continue spending money we don't have.

    I'm not forgetting their complicity in getting us into this mess, and I'll be marking my vote accordingly!


    "It's not that liberals aren't smart, it's just that so much of what they know isn't so" -Ronald Reagan
     
  5. shelly

    shelly TS Member

    Joined:
    Jun 28, 2010
    Messages:
    752
    Thomas Sowell is a very smart man and one of my favorite columnists.
     
  6. Big Az Al

    Big Az Al Well-Known Member

    Joined:
    Jun 2, 2006
    Messages:
    1,297
    Location:
    near Tucson Trap
    While I have reservations about some of the Repuplican candidates in this election.

    I also believe that we have spank the guy who thinks we have been treating him like a dog!

    Let him know the truth, and start to get our country back on track!

    AL
     
  7. zeroed4x

    zeroed4x TS Member

    Joined:
    Aug 22, 2010
    Messages:
    228
    Bigunn, if I ever get to meet with you friend, I'm buying.
     
  8. BAD 303

    BAD 303 Active Member

    Joined:
    Apr 13, 2006
    Messages:
    3,550
    As Fred Thompson said a couple days ago when he was asked about the Obama quote of being treated like a dog. Fred said well if he did not treat the American people like a fire hydrant maybe he would not be spoken to like a dog. What a quote.
     
  9. stokinpls

    stokinpls Well-Known Member

    Joined:
    Jan 29, 1998
    Messages:
    6,487
    Whatever Jughead imagines is wrong with this country, at least Bush could likely have fixed it by now. He dug us out of Clinton's recession, why not this one?
    stokinpls_2008_030321.jpg
     
Thread Status:
Not open for further replies.