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PoliCon
08-10-2010, 02:02 AM
Mon Aug 9, 2010 6:20pm EDT

* Obama hammers Bush's "disastrous" economic policies

* Republicans doubt that the tactic will work (Updates with fresh Obama quotes)

By Ross Colvin

AUSTIN, Texas, Aug 9 (Reuters) - President Barack Obama attacked the economic policies of his Republican predecessor George W. Bush in Bush's home state on Monday as evidence of the way Republicans would operate if given power in Nov. 2 U.S. congressional elections.

At a fund-raising event for Democrats in Dallas, where Bush now lives, Obama said the former president's "disastrous" policies had driven the U.S. economy into the ground and turned budget surpluses into deficits.

Obama defended his repeated references to Bush's policies, saying they were necessary to remind Americans of the weak economy he inherited from Bush in January 2009.

"The policies that crashed the economy, that undercut the middle class, that mortgaged our future, do we really want to go back to that, or do we keep moving our country forward?" Obama said at another fund-raising event in Austin, referring to Bush's eight years as president.

In reminding voters about the policies of the unpopular Bush, Obama is trying to protect his fellow Democrats' majorities in Congress and limit anticipated Republican gains.

On Nov. 2, voters will choose all 435 members of the House of Representatives and 37 members of the 100-seat Senate.

Republicans say they doubt Obama's effort to cite Bush as a reason to vote against them in November will work because Americans are more concerned about getting or keeping a job.

"When we talk about this 'going back' thing, I notice that some Republicans say, 'Well, he just wants to bash the previous administration, he's looking backwards.' ... No, no, no. The reason we're focused on it is because the other side isn't offering anything new," Obama said in Austin.

He said later in Dallas that Republicans were simply offering "retreads" of economic policies that "got us into this mess in the first place" and had no new ideas to offer voters.

One part of Bush's legacy remains a subject of intense debate in Washington -- the tax cuts for all Americans he steered through Congress in 2001 and 2003.

These expire at the end of this year, and a pitched battle has begun over whether to extend all or part of them.

Obama and the Democrats say tax cuts for those making more than $250,000 a year should be ended to help close the U.S. budget deficit. Republicans argue that no taxes should rise in a time of economic peril.

Obama, grappling with the worst recession since the Great Depression of the 1930s, 9.5 percent unemployment, wars in Afghanistan and Iraq, soaring budget deficits and an impatient electorate, said all that Republicans have done is try to obstruct him at every turn.

'LACK OF SERIOUSNESS'

He said he has made tough decisions such as bailouts for the U.S. auto industry because he was not elected "to do what was politically expedient at the moment."

"There's been a fundamental lack of seriousness on the other side," Obama said.

Between political events, Obama gave a speech about the need to improve the U.S. education system.

The White House shrugged off a decision by Bill White, the Democratic nominee for Texas governor, not to attend Obama's events on Monday in Texas, a heavily Republican state.

"He definitely does not take that as an insult," White House spokesman Bill Burton said, referring to Obama.

The state's current governor, Rick Perry, a Republican running for re-election and said to be pondering a 2012 presidential run, made his presence known shortly after Air Force One landed in Austin.

Perry handed Obama aide Valerie Jarrett a letter from him asking for more federal assistance to tighten up security along the U.S.-Mexican border.

"Drug cartels and related forces are waging war in Northern Mexico, their tactics including death threats, torture, car bombings, kidnappings, assassinations and beheadings," Perry wrote.

Last week, the U.S. Senate approved a bill adding $600 million to border security efforts, a measure that the House of Representatives might also pass this week.

(Additional reporting by Matt Spetalnick and Caren Bohan; Editing by Will Dunham)

http://www.reuters.com/article/idUSN0910217920100809

PoliCon
08-10-2010, 02:03 AM
Holy Hell! He's STILL running against Bush . . . . Is this what we have to look forward to in 2012 as well? Is he still going to be blaming EVERYTHING on Bush!??? :rolleyes:

NJCardFan
08-10-2010, 02:05 AM
Holy Hell! He's STILL running against Bush . . . . Is this what we have to look forward to in 2012 as well? Is he still going to be blaming EVERYTHING on Bush!??? :rolleyes:

Well, quite frankly, yes. It's all he's got.

Tecate
08-10-2010, 02:15 AM
The Obamanoid Koolaid cult had to stand in line last week for tickets to see Barry Soetoro at Gregory Gym on UT campus this afternoon.

Satanicus
08-10-2010, 06:37 AM
Thats not Bush's home state.

That would be New Haven Connecticut.

Satanicus
08-10-2010, 06:37 AM
Well, quite frankly, yes. It's all he's got.

The country is still feeling the disaster that Bush left.

Do you guys understand that Bush really fucked up the nation ?

Constitutionally Speaking
08-10-2010, 07:15 AM
The country is still feeling the disaster that Bush left.

Do you guys understand that Bush really fucked up the nation ?


Do YOU understand that EVERYTHING Bush did wrong, Obama is tripling - or WORSE??? Everything that Bush did good - Obama is ending??? Then do you realize that Obama is DESTROYING the institutions that have the ability to drag us out of the mess we are in???

WAKE THE FUCK UP.

PoliCon
08-10-2010, 10:06 AM
http://chzderp.files.wordpress.com/2010/08/bcd7c573-f319-4ba9-a88b-65dc43b69112.jpg


You stupid fuck. New Haven is not a state. And a persons HOMES STATE is where that persons lives and has their principle place of residence and business. :rolleyes:

lacarnut
08-10-2010, 11:27 AM
The country is still feeling the disaster that Bush left.

Do you guys understand that Bush really fucked up the nation ?

I understand that Obama is the biggest fuck up since Carter. The malaise years of Carter will seem tame after this fool is in office 4 years. Obama will go down as the worst President in the last 50 years. George Bush will be way, way ahead of this amateur-in-chief.

Question: Why is unemployment going up instead of down? 131,000 workers laid off in July. A net loss of jobs in June and July is not what we hired him to do. A one eyed blind drunk could not screw up the economy as bad as the O has done.

FlaGator
08-10-2010, 11:53 AM
Obama demonstrates once again that if you have a failed economic strategy and no clue as to how to fix things just blame someone else. Kind of like "The buck stops here.. unless Bush is available as a scapegoat." Obama has absolutely zero leadership skills and proves this to be true everytime he blames others for his misteps and failures.



AUSTIN, Texas, Aug 9 (Reuters) - President Barack Obama attacked the economic policies of his Republican predecessor George W. Bush in Bush's home state on Monday as evidence of the way Republicans would operate if given power in Nov. 2 U.S. congressional elections.

At a fund-raising event for Democrats in Dallas, where Bush now lives, Obama said the former president's "disastrous" policies had driven the U.S. economy into the ground and turned budget surpluses into deficits.

Obama defended his repeated references to Bush's policies, saying they were necessary to remind Americans of the weak economy he inherited from Bush in January 2009.

"The policies that crashed the economy, that undercut the middle class, that mortgaged our future, do we really want to go back to that, or do we keep moving our country forward?" Obama said at another fund-raising event in Austin, referring to Bush's eight years as president.

In reminding voters about the policies of the unpopular Bush, Obama is trying to protect his fellow Democrats' majorities in Congress and limit anticipated Republican gains.

On Nov. 2, voters will choose all 435 members of the House of Representatives and 37 members of the 100-seat Senate.

Republicans say they doubt Obama's effort to cite Bush as a reason to vote against them in November will work because Americans are more concerned about getting or keeping a job.

"When we talk about this 'going back' thing, I notice that some Republicans say, 'Well, he just wants to bash the previous administration, he's looking backwards.' ... No, no, no. The reason we're focused on it is because the other side isn't offering anything new," Obama said in Austin.

He said later in Dallas that Republicans were simply offering "retreads" of economic policies that "got us into this mess in the first place" and had no new ideas to offer voters.

One part of Bush's legacy remains a subject of intense debate in Washington -- the tax cuts for all Americans he steered through Congress in 2001 and 2003

PoliCon
08-10-2010, 11:57 AM
pppsssstttt posted this last night :p http://www.conservativeunderground.com/forum505/showthread.php?t=30667

lacarnut
08-10-2010, 12:02 PM
Obama was hired to fix the mess. He has made it 3 times worse with run-away spending. The Democrats can not run on their accomplishments like bailouts of the auto companies, bailout of unions, bailout of banks, health care, etc because the majority of voters are against those policies. His attack on Bush will not work, and it will be a blow out in Nov.

djones520
08-10-2010, 12:02 PM
I really wish someone of authority would stand up and say what economic principles truly brought us to were we are today. That would be refreshing for a change. :rolleyes:

NJCardFan
08-10-2010, 12:03 PM
Thats not Bush's home state.

That would be New Haven Connecticut.

OK, and Obama's home state is Hawaii yet he claims Illinois as his home state but you don't seem to have a problem with that. Same with Hillary Clinton. Her home state is Illinois yet she was allowed to run for and be a senator of a state that she didn't live in for 5 minutes. Yet you don't have a problem with that. As for Bush screwing up the country, you're, as usual, in left field on this. Funny how you're own deranged revisionist history seems to block out that things didn't start to go south until the Democrats regained control.

namvet
08-10-2010, 12:44 PM
Thats not Bush's home state.

That would be New Haven Connecticut.

living in Connecticut is a contradiction in terms

namvet
08-10-2010, 12:46 PM
The country is still feeling the disaster that Bush left.

Do you guys understand that Bush really fucked up the nation ?

and our answer is????

namvet
08-10-2010, 12:48 PM
the ice is melting under Osama's feet and he has time for this????

even the libtards are now saying wait till 012 we'll fix it all :D:D

FlaGator
08-10-2010, 12:49 PM
pppsssstttt posted this last night :p http://www.conservativeunderground.com/forum505/showthread.php?t=30667

Sorry I'll merge. Thanks for pointing it out.

PoliCon
08-10-2010, 12:52 PM
Sorry I'll merge. Thanks for pointing it out.

NP. You are forgiven . . . THIS TIME ;)

asdf2231
08-10-2010, 01:19 PM
Thats not Bush's home state.

That would be New Haven Connecticut.

New Haven is a City IN the state of Connecticut.

Most of us learned the difference between cities and states in Kindergarten.

asdf2231
08-10-2010, 01:26 PM
The country is still feeling the disaster that Bush left.

Do you guys understand that Bush really fucked up the nation ?

Some of us did really, really well when the capitol gains taxes and others were rolled back a bit.

Back when the stock market wasnt reacting to the *Idea* that someone with the fiscal responsibility of a crack whore with a visa card *possibly* getting elected. Then *reacting* to the election of Barry Jug-Ears. And then the actual DAMAGE the guy sowed in his wake.

Shame that Obama has fucked things up so bad. Ah well. Whoever kicks his ass out the door and back to the sewer of Illinois in 2010 will set things right.

Hell, we just sent a fairly big contribution to the Bush Presidential Library fund and THAT was money we made when he was in office working hard to help us keep what we made. :)

Zathras
08-10-2010, 02:05 PM
http://chzderp.files.wordpress.com/2010/07/ba1722a8-6af4-4396-bb73-9fcb104949d0.jpg

fixed again.

Satanicus
08-10-2010, 02:44 PM
Back when the stock market wasnt reacting to the *Idea* that someone with the fiscal responsibility of a crack whore with a visa card *possibly* getting elected. Then *reacting* to the election of Barry Jug-Ears. And then the actual DAMAGE the guy sowed in his wake.


And now the FACTS.

Bush took the Dow from 14,000 to 8000 when he handed it to Obama , it was like trying to catch a falling knife , it finally bottomed around 6500 and has now rebounded to 10,600 , far past the crashing 8000 Bush handed Obama.

Don't look for 12,000 to 14,000 for years , that was a bubble.

Just the facts.

Zathras
08-10-2010, 02:46 PM
http://chzderp.files.wordpress.com/2010/07/ba1722a8-6af4-4396-bb73-9fcb104949d0.jpg

Fixed yet again.

Hawkgirl
08-10-2010, 06:20 PM
The country has moved beyond the "Bush's fault" mantra. Obama has failed miserably. His policies are failing miserably. The Democrat controlled congress is failing miseraly and is soon going to be replaced. Only shit stains like Satanicus and Obama think that blaming Bush will work. Obama can't run on his own triumphs because he has none. Americans don't like looking to the past. This strategy will fail.

BUT...keep it up Shitstanicus....I think it's working in our favor.

Zeus
08-10-2010, 08:46 PM
Ten Myths About the Bush Tax Cuts-and the Facts

Myth #1: Tax revenues remain low.
Fact: Tax revenues are above the historical average, even after the tax cuts.

Myth #2: The Bush tax cuts substantially reduced 2006 revenues and expanded the budget deficit.
Fact: Nearly all of the 2006 budget deficit resulted from additional spending above the baseline.

Myth #3: Supply-side economics assumes that all tax cuts immediately pay for themselves.
Fact: It assumes replenishment of some but not necessarily all lost revenues.

Myth #4: Capital gains tax cuts do not pay for themselves.
Fact: Capital gains tax revenues doubled following the 2003 tax cut.

Myth #5: The Bush tax cuts are to blame for the projected long-term budget deficits.
Fact: Projections show that entitlement costs will dwarf the projected large revenue increases.

Myth #6: Raising tax rates is the best way to raise revenue.
Fact: Tax revenues correlate with economic growth, not tax rates.

Myth #7: Reversing the upper-income tax cuts would raise substantial revenues.
Fact: The low-income tax cuts reduced revenues the most.

Myth #8: Tax cuts help the economy by "putting money in people's pockets."
Fact: Pro-growth tax cuts support incentives for productive behavior.

Myth #9: The Bush tax cuts have not helped the economy.
Fact: The economy responded strongly to the 2003 tax cuts.

Myth #10: The Bush tax cuts were tilted toward the rich.
Fact: The rich are now shouldering even more of the income tax burden.

More indepth explanation Here (http://www.heritage.org/Research/Reports/2007/01/Ten-Myths-About-the-Bush-Tax-Cuts)

malloc
08-10-2010, 08:52 PM
Fact: Tax revenues correlate with economic growth, not tax rates.

Fact: Pro-growth tax cuts support incentives for productive behavior.

Fact: The economy responded strongly to the 2003 tax cuts.



Effing Bingo! Any fool should be able to connect these dots, what does that say about Blarch?

Tecate
08-10-2010, 09:30 PM
And now the FACTS.

Bush took the Dow from 14,000 to 8000 when he handed it to Obama , it was like trying to catch a falling knife , it finally bottomed around 6500 and has now rebounded to 10,600 , far past the crashing 8000 Bush handed Obama.

Don't look for 12,000 to 14,000 for years , that was a bubble.

Just the facts.
As long as you stay completely wrapped in partisan hackery, you're never going to be anything but a fucking ignorant slave who fights a phony war against the wrong enemy. And no, I'm not some right winger here defending Bush. lol

Bush didn't take the DOW anywhere moron. The President doesn't micro-manage the economy or the stock market and if you think he does, then you haven't got a damned clue from here to Sunday about anything related to economics.

What got us where we are today?

Repeal of the Glass-Stegal Act - Kept investment banks and commercial banks seperate

Hedge funds - The word 'hedge' is a fraud. They're packs of jackals and hyenas who are essentially nothing more than speculators. They aren't 'hedging' anything.

Derivatives - This one is so big almost nothing else matters. Hundreds and hundreds of trillions in phony made up crud with essentially no value. Toxic, cancerous, bloated paper fraud backed by the full faith and credit of you and your childrens' slavery.

Lanie
08-11-2010, 12:22 AM
I understand that Obama "inherited a bad economy." What I also understand is that he's put long amounts of time into the mandated healthcare bill (which he promised not to support). He's blowing it.

asdf2231
08-11-2010, 04:21 AM
And now the FACTS.

Bush took the Dow from 14,000 to 8000 when he handed it to Obama , it was like trying to catch a falling knife , it finally bottomed around 6500 and has now rebounded to 10,600 , far past the crashing 8000 Bush handed Obama.

Don't look for 12,000 to 14,000 for years , that was a bubble.

Just the facts.

:rolleyes:

A BIG chunk of the reason the market was crashing when President Bush handed it to Smuggy Jugears is the very FACT that Obama was about to get sworn in.

Which is what slobbering sicophants like you fail to grasp.