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[blazerboy30]

Who did that?
Taxes cut.
Economy slowly painfully improving.
Capitalism even stronger.
We saw a good example of the Constitution in action yesterday.

Ah facts.

Absolute bullshit. All of this post.

 

[maxiep]

So, by default, you're saying that if the country does improve the credit lies solely with no one else but the Democrats.

Yep. If Democratic policies lower our debt, enrich the average American household and bring the unemployment rate down to full employment, I'll be happy to say that everything I learned about economics was wrong. How's he done so far?

 

[maxiep]

the obama administration may have re-inherited problems they failed to fix in the previous term, but they certainly didn't cause them.

Hilarious. You just can't help but blame Bush.

 

[crowTrobot]

Hilarious. You just can't help but blame Bush.

who said bush? i said our current problems existed when obama took office. bush didn't cause the housing bubble and stock market crash.

 

[maxiep]

who said bush? i said our current problems existed when obama took office. bush didn't cause the housing bubble and stock market crash.

I stand corrected. Question: How did Bush--who inherited the .dom bubble--or Reagan--who inherited massive inflation--manage to overcome those obstacles by the end of their first terms?

 

[Denny Crane]

I stand corrected. Question: How did Bush--who inherited the .dom bubble--or Reagan--who inherited massive inflation--manage to overcome those obstacles by the end of their first terms?

Reagan inherited a banking and S&L system that was failing as well.

http://en.wikipedia.org/wiki/Early_1980s_recession

As the risk exposure of S&Ls expanded, the economy slid into the recession. Soon, hundreds of S&Ls were insolvent. Between 1980 and 1983, 118 S&Ls with $43 billion in assets failed. The Federal Savings and Loan Insurance Corporation (FSLIC), the federal agency which insured the deposits of S&Ls, spent $3.5 billion to make depositors whole again.[24] The FSLIC pushed mergers as a way to avoid insolvency. From 1980 to 1982, there were 493 voluntary mergers and 259 forced mergers of savings and loans overseen by the agency. Despite these failures and mergers, there were still 415 S&Ls at the end of 1982 that were insolvent.