Another Bad-News Day, For "conservatives"

[Mr. Shaman]

Clinton is not Obama.....

What REALLY scares-the-Hell outta Republicans is that.....Obama will be another CLINTON!!!!!

We've heard all the Republican whining & crying, BEFORE!!!


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[BigRob]

Yeah....ya' heard-about-it?​

It's been done......by the same people.​

Have you even read Obama's proposed budget. His promise to "cut the deficit in half" still results in a deficit as large as the largest Bush one, and to get to this goal he assumes growth in the economy that no other group is predicting.

 

[Mr. Shaman]

That little-experiment of Allowing The Marketplace To Regulate Itself has run-it's-course.....and, created a worldwide economic-meltdown. Whatta shame it wasn't the nuclear-energy industry that was the "straw" that broke the "conservatives'" "backs".

Now....Regulation by TAXPAYERS is the Rule-Of-The-Day!!!!

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"The trustees representing the U.S. public's majority stake in American International Group flexed their collective muscle yesterday, making good on a promise to seek a shakeup of the company's board of directors.

The troubled insurance giant announced six new nominees to its board, at least five of whom were selected by the federally appointed trustees. The group's members, who for months have operated largely outside the public eye, told a congressional committee last week that they intended to overhaul AIG's board.

"We've spent considerable effort focused on AIG's board of directors -- how it functions, what skills the board members have and how those skills fit with the needs of a company in AIG's extraordinary circumstances," Douglas Foshee, a trustee and chief executive of El Paso Corp., told lawmakers. "We've come to the conclusion that if AIG is to succeed, it needs a fresh start -- a reset, if you will -- a reset in the eyes of Congress, the American public and other important constituencies."

 

[PLC1]

That little-experiment of Allowing The Marketplace To Regulate Itself has run-it's-course.....and, created a worldwide economic-meltdown. Whatta shame it wasn't the nuclear-energy industry that was the "straw" that broke the "conservatives'" "backs".

Now....Regulation by TAXPAYERS is the Rule-Of-The-Day!!!!

​

I wonder what might have happened had we simply allowed AIG, GM, el. al. to declare bankruptcy and regroup, without spending a few trillion dollars we don't have to "bail them out"?

I suppose we'll never know.

Meanwhile, the government and its deficits just keep getting bigger and bigger.

Oh, well, we'll just print more money with more zeros. No problem at all. Many of the South American countries have done it. Germany did it at one point. Just look at how well it turned out for them.

 

[Phoenix68]

Let me get this straight... one dude somewhere says that the economic recovery could be four months away, and this is proof to you that Obama cleaned up Bush's mess?
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Well first off, we already showed it wasn't Bush's mess. It was Clinton's mess, and congress who pushed for a knee-jerk reactionism to Enron.

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President Clinton Announces ANOTHER RECORD BUDGET $URPLU$!!!!!
September 27, 2000
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January 13, 2008
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"The recession-deniers were muzzled by a horrendous last two weeks of December, and the gloom-and-doomers are now out in force. Their key arguments:
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* Plummeting housing will now drag down the rest of the economy.
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*The "bad debt" problem is not just "sub-prime" folks who should never have have taken out mortgages in the first place. It includes credit card debt, "high quality" mortgages, car loans, and other leverage that have recently become a consumer way of life.
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*Pressure on consumers is leading to a reduction in consumer spending (70% of economy), which, in turn, will lead to a reduction in spending by companies that sell stuff to consumers.
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*The question now is not "will there be a recession?" but "how bad will it get?"
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*The most optimistic forecasts in a NYT gloom-and-doom round-up are for three crappy quarters, regardless of what the Fed does. Less optimistic forecasts suggest that we are, well, screwed.
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After blowing the last downturn, we've been worried this one since last summer. We also suspect that, given the importance of housing to the economy and debt to consumer spending, the recession will be deeper and more prolonged than people think."

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"U.S. Economy Screwed"
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President Obama’s policies revived the economy
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U.S. economy under Obama 2009-2017
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[Phoenix68]

I wonder what might have happened had we simply allowed AIG, GM, el. al. to declare bankruptcy and regroup, without spending a few trillion dollars we don't have to "bail them out"?
.
I suppose we'll never know.
.
Meanwhile, the government and its deficits just keep getting bigger and bigger.
.
Oh, well, we'll just print more money with more zeros. No problem at all. Many of the South American countries have done it. Germany did it at one point. Just look at how well it turned out for them.

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Barack Hussein Obama Is The Greatest President Of Modern Times!!!!
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[mark francis]

.
President Clinton Announces ANOTHER RECORD BUDGET $URPLU$!!!!!
September 27, 2000
.
.
January 13, 2008
.​

"The recession-deniers were muzzled by a horrendous last two weeks of December, and the gloom-and-doomers are now out in force. Their key arguments:
.
* Plummeting housing will now drag down the rest of the economy.
.
*The "bad debt" problem is not just "sub-prime" folks who should never have have taken out mortgages in the first place. It includes credit card debt, "high quality" mortgages, car loans, and other leverage that have recently become a consumer way of life.
.
*Pressure on consumers is leading to a reduction in consumer spending (70% of economy), which, in turn, will lead to a reduction in spending by companies that sell stuff to consumers.
.
*The question now is not "will there be a recession?" but "how bad will it get?"
.
*The most optimistic forecasts in a NYT gloom-and-doom round-up are for three crappy quarters, regardless of what the Fed does. Less optimistic forecasts suggest that we are, well, screwed.
.
After blowing the last downturn, we've been worried this one since last summer. We also suspect that, given the importance of housing to the economy and debt to consumer spending, the recession will be deeper and more prolonged than people think."

.
"U.S. Economy Screwed"
.
View attachment 28754
.
.
President Obama’s policies revived the economy
.
U.S. economy under Obama 2009-2017
.​

Thank God Clinton was forced to yield to Newt Gingrich and the republicans who wrote the budget in the US House.

 

[Phoenix68]

Thank God Clinton was forced to yield to Newt Gingrich and the republicans who wrote the budget in the US House.

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You surely do seem to enjoy getting slapped-around!!!
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CEOs’ Support for Bill Clinton’s Tax Increase Package in 1993
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“It is a landmark achievement not just for those in this room who have played a role in it but, indeed, for all the American people. And it will be a gift-giving achievement for generations to come,” said President Bill Clinton on September 30, 1998, celebrating one of the most important achievements in his presidency, a budget surplus. For almost 30 years since 1969, the federal government budget had been running deficits. When Clinton took office as President in 1993, deficits were still ballooning and were considered to pose an imminent threat to the American economy. Within five years, however, the federal fiscal balance drastically shifted from deficit to $urplu$. Clinton attributed this success in deficit reduction to the 1993 budget bill—officially known as the Omnibus Budget Reconciliation Act of 1993 (OBRA93)—and to the Democratic members of Congress who voted to pass it."

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[mark francis]

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View attachment 28772
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You surely do seem to enjoy getting slapped-around!!!
.
.
CEOs’ Support for Bill Clinton’s Tax Increase Package in 1993
.​

“It is a landmark achievement not just for those in this room who have played a role in it but, indeed, for all the American people. And it will be a gift-giving achievement for generations to come,” said President Bill Clinton on September 30, 1998, celebrating one of the most important achievements in his presidency, a budget surplus. For almost 30 years since 1969, the federal government budget had been running deficits. When Clinton took office as President in 1993, deficits were still ballooning and were considered to pose an imminent threat to the American economy. Within five years, however, the federal fiscal balance drastically shifted from deficit to $urplu$. Clinton attributed this success in deficit reduction to the 1993 budget bill—officially known as the Omnibus Budget Reconciliation Act of 1993 (OBRA93)—and to the Democratic members of Congress who voted to pass it."

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View attachment 28773
.​

Dishonest and deluded democrats will never give the real heroes of balanced budgets the credit they are due. That is because democrats misunderstand facts due to leftist political bias.

RELEASE: The Real Heroes of the 1998 Budget Surplus: Clinton and His Economy

www.americanprogress.org

RELEASE: The Real Heroes of the 1998 Budget Surplus: Clinton and His Economy​

By Michael Linden | March 7, 2011

When Bill Clinton took office in January 1993, the federal budget deficit was projected to be $310 billion that year, or about 5 percent of GDP. The Congressional Budget Office was also projecting that five years later, in 1998, the federal budget would still be in the red to the tune of $357 billion, or 4.5 percent of GDP. At the time, the CBO called the deficit outlook, “grim.”

Five years later, the United States enjoyed its first federal budget surplus in nearly 30 years—an incredible turnaround given the bleak projections at the beginning of the Clinton administration. Who, or what, was responsible for the more than $360 billion fiscal improvement? Was it President Clinton who deserves the credit as is widely believed? Or is it, as recently claimed by then-Speaker of the House Newt Gingrich, he, who by shutting down the government in 1995, eventually forced the budget into the black?

 

[Phoenix68]

Five years later, the United States enjoyed its first federal budget surplus in nearly 30 years—an incredible turnaround given the bleak projections at the beginning of the Clinton administration. Who, or what, was responsible for the more than $360 billion fiscal improvement? Was it President Clinton who deserves the credit as is widely believed? Or is it, as recently claimed by then-Speaker of the House Newt Gingrich, he, who by shutting down the government in 1995, eventually forced the budget into the black?

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Frig Newton was primarily known for being nutz!!!
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Good Newt / Bad Newt; The Long March Of Newt Gingrich
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The Millennial’s Guide to Newt Gingrich
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A Psychological Journey into the Mind of Newt Gingrich
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Boston 1775: Washington / Jefferson / Gingrich On Hemp
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Burning Down the House: Newt Gingrich; The FALL Of A Speaker
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