Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Obama nuked the Keystone Pipeline. That would've created thousands of high paying jobs in many sectors of the economy. He's an idiot & the reason gas is over $3.50 a gallon right now & higher than that where you live in Commifornia.
The U.S. is currently experiencing an oil boom--it exports more than it imports. More drilling would do nothing to lower prices--only a right-wing shill would blame Obama for insatiable worldwide demand. Did you forget that oil prices surged under The Worst Ever, Bush? Where was your indignance then?
The U.S. is currently experiencing an oil boom--it exports more than it imports. More drilling would do nothing to lower prices--only a right-wing shill would blame Obama for insatiable worldwide demand. Did you forget that oil prices surged under The Worst Ever, Bush? Where was your indignance then?
We were at war then. Did you forget about 9/11 & the 3,000+ lives lost that day?
Bush was a war time president. He will be judged favorably by future generations for doing the right thing.
Obama isn't viewed much better now if any than Bush was by the rest of the World.
This shouldn't be a left/right debate. Facts are facts, and all three presidents in the past 20 years have had a hand in the economic mess we're in now. Clinton signed the passage of NAFTA and the destruction of the Glass-Steagall act. Bush/Cheney led us into two unnecessary wars, gave away the surplus created during the previous administration, along with a host of other things. Obama appointed rich Wall-Street bankers to key financial positions, effectively allowing the patients to run the asylum, and refused to allow a more strict version of the Dodd-Frank Act to become law, which means we'll be going through another Great Recession caused by bankers and traders at some point in my life.
Thank you for being reasonable!
Both parties had a hand in this. Bill Clinton had a hand in the poor economy that we have today.
Quote:
Originally Posted by RaymondChandlerLives
The U.S. is currently experiencing an oil boom--it exports more than it imports. More drilling would do nothing to lower prices--only a right-wing shill would blame Obama for insatiable worldwide demand. Did you forget that oil prices surged under The Worst Ever, Bush? Where was your indignance then?
Not who you were talking to, but:
The US exports more REFINED oil than it imports. It still imports more CRUDE oil than it exports in crude+refined. Drilling more would be profitable and would drop oil prices, but not by as much as politicians say...the drop would be very little most likely per gallon.
Additionally, Obama is factually wrong that we can't increase our "proven oil reserves" by drilling more. His campaign was alerted to this, but he chose to keep the deception going and the media supported it. That is Obama for you!
What RaymondChandlerLives was claiming was that during the Clinton Presidency 22 million jobs were created. That is absolutely correct, as the BLS spreadsheet (xls) confirms.
Quote:
Originally Posted by Metro Matt
Low paying jobs just like Obama has created.
Not one time in history has our country been downgraded & denied credit. It happened not once, but TWICE under Obama.
First, they were not low paying jobs, as evident by average wages rising:
Second, there was only one downgrade of U.S. debt, and that downgrade had no tangible consequence. Investors lent money to the government at record low interest rates -- and if you actually read the S&P report, you would learn that the reasons for the downgrade were because S&P were pessimistic that the polarized political factions could come to agreement on important matters. That's not an indictment of Obama, but includes the GOP House.
Republican presidents must have terrible luck then--they're always around whenever horrible things happen.
Yes Bill Clinton's presidency had the booming growth of the internet and the Baby Boomers in their peak spending years, both of which helped spur the economy. However, both of these would have happened no matter who was in office.
Let's look at Clinton's actions and record with the economy.
1) Granting permanent most favored nation status to China for trade. The result has been increased trade deficit and increased outsourcing. Clinton viciously attacked anyone who claimed what did happen would happen. Even some liberals are now recognizing this damage.
2) The GOP congress and Clinton deregulated by repealing Glass-Stegall. Clinton was "proud" to sign this bill into law, had vocalized years before that he would support the action, and encouraged Democrats to vote for it. Obama has blamed this for the current mess we are in.
3) Enacting NAFTA with bipartisan support. Many people feel as if this hurt the economy and made many Mexican farmers unemployed, some of which moved here.
4) The Housing Bubble started in 1998. Policies in the 1990s allowed this to happen. Bush can be blamed for allowing it to grow bigger and not cleaning it up (it still isn't cleaned up), but it was born in the Clinton presidency.
5) The NASDAQ Dot Com Bubble burst right before he left office. This index still hasn't recovered to its high. The government encouraged this bubble under Clinton's leadership.
6) The Bush Sr. recession ended before Clinton took office and he left a recession forming for the next president. You can see leading economic indicators falling in Clinton's final months.
7) There was no surplus that was passed to the next president, this myth was a rosy projection that assumed absurdly large growth, no NASDAQ bubble, and no housing bubble.
8) Every Fiscal Year under Clinton saw a rise in the national debt, the "surplus" was from spending several government program money now.
Bill Clinton's presidency contributed to today's economic woes.
-Budget spending and the national debt are not one and the same. You do realize that interest on our debt could cause it to rise--that does not negate that the government brought in more revenue than it spent from 1998-2000.
This is a jokers game.
Interest on the national debt IS part of the budget.
Money for Social Security, Military Pensions, Civil Service Trust Fund and many other funds were spent now instead of later.
The national debt grew every single Fiscal Year since 1957.
"I have 15 Grand more in debt this year, but I actually had a surplus, because I don't count interest on my house as part of my budget plus I drained my 401K to buy a boat to prevent more debt!!!" -liberal math ;-)
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
