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Posted by: GWHayduke 6 months, 2 weeks ago
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GWHayduke6 months, 2 weeks ago
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-"A few more months like we've seen and we're finished as a nation."-
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The Dow Jones Industrials average closed at 7,949 on Inauguration Day.
Today it closed at 8,339.
Yep, looks like we're finished as a nation.
Had John "fundamentals of the economy are sound" McCain taken the reigns with the most belligerent economic pirate in recent history, Phil Graham in control the downward spiral would have continued en masse.
The Obama economic policy has halted the idiocy of Bush's policy of inaction.-
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nostalgia6 months, 2 weeks ago
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You might want to bookmark these articles also
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Bloomberg.com
Cost of U.S. Crisis Action Grows, Along With Debt
The 2009 budget deficit could be close to $2 trillion, or 12.5 percent of gross domestic product, more than twice the record of 6 percent set in 1983, according to David Greenlaw, Morgan Stanley's chief economist.
Or this one: US News and World Report
Obama's $2 Trillion Dollar Budget Deficit
Yesterday’s Congressional Budget Office (CBO) release of the updated FY ’09 budget numbers showed a $1.2 trillion deficit for the fiscal year (8.5% of GDP). However, a closer examination of the report demonstrates these numbers are dramatically underestimated due to the scoring of TARP expenditures and obviously the fact that the stimulus was left out of the scoring (CBO is creating a budget baseline based on current law).Based on our analysis, the deficit is actually $2.2 trillion for the fiscal year or nearly 100 percent higher than is being reported. In fact, the deficit will finish the fiscal year at an astonishing 15.5 percent of GDP! Federal spending will rise to 32 percent of GDP.
Or this one: Government Executive.com
Deficit will near $2 trillion in 2009, federal budget expert predicts
A former staff member of the House and Senate Budget committees and a longtime observer of the federal budget process on Thursday said the 2008 record budget deficit of $455 billion likely will quadruple in 2009.
"These are unprecedented numbers in nominal terms. In political terms, it's rather astounding," said Stan Collender, during a briefing at the nonpartisan Center for Strategic and Budgetary Assessments. Collender is a managing director for Qorvis Communications and maintains a blog at www.capitalgainsandgames.com.
Or even NPR:
On Friday, the Congressional Budget Office will project that the federal deficit will reach $2 trillion — a higher figure than President Obama predicted.
Need any more for your bookmarks?
Are you living under a rock or do you just not pay attention to anything outside of the liberal blogging sites?-
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nostalgia6 months, 2 weeks ago
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Then go look at the NYT poll for yourself
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Or are you against exploring the truth for yourself?
And what does that have to do with the articles i provided you on the projected deficit?
Can't refute so many articles so change the subject - typical liberal -
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tanglang6 months, 2 weeks ago
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Now wait just a damn minute there hayduke! Obama himself used those exact words 2 months ago. That's what kind of a two faced chump he is. 10 months ago he jumped all over McCain for saying the fundamentals were strong only to plagiarize him 8 months later. And you guys buy into it hook line and sinker.
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beavith16 months, 2 weeks ago
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psssst GW. the Dow Jones dropped a couple losers and picked up a couple winners since then.
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i agree that we aren't finished as a nation, but the DJIA is a moving target with little more than 'feel good' appeal.
saying what McCain or Phil Gramm would have done is a pointless negative argument. who cares? its Obama and his crew that we have to live with. woulda coulda shoulda is not a strategy.
halted? perhaps. but then instituted one of its own.-
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GWHayduke6 months, 2 weeks ago
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True - most of that beav.
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But insinuating that current policy is the end of the free world, or even worse than the previous policy is just partisan ranting with no beneficial effect.
Well, other than chest thumping, team affiliating, nonsensical rhetoric. -
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