Obama: lowest annual real GDP growth post WW2 = still worst

Discussion in 'The War Room' started by Pixelated Porn, Dec 30, 2016.

  1. Pixelated Porn

    Pixelated Porn Double Yellow Card Double Yellow Card

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    glennrod, Adamant, 11_others and 3 others like this.
  2. m52nickerson

    m52nickerson EXTERMINATE!

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    Yes, GWB had larger gdp growth, but that is not always a good thing...remember what happened at the end of Bush's term?
     
  3. djacobox372

    djacobox372 Gold Belt

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    I'd take steady growth over crashing the economy.

    Saying GWB did better than Obama is like saying a guy who spent 8 days in vegas, and won $75 for 7 days, but on the 8th day lost everything including his house and car did better "on average" then the guy that won $50 every day including the last day.
     
  4. 7437

    7437 Gold Belt

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    Lets look oit the window and see how the economy looks now in comparison to 08.

    Oh yeah, Bush wrecked the fucking country. Obama clearly has not. You have to be an utter retard to think that recession is better than a stable economy.

    A total moron. Legitimatly, you should need a caretaker who has power of attorney, as you are mentally unfit to take care of yourself.
     
  5. The Beevers Revenge

    The Beevers Revenge Green Belt

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    The financial collapse was all Bushes fault now? Lol wut?
     
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  6. Happiness

    Happiness Silver Belt

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    What are the reasons for this slow growth, how are they linked to Obama? I have a list if you'd like to know.
     
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  7. Happiness

    Happiness Silver Belt

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    Reagan, Clinton and the Bushes all played thier part. Neo liberalism, neo cons and greed.
     
  8. The Beevers Revenge

    The Beevers Revenge Green Belt

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    So in your opinion would the financial collapse have happened if Obama had served two terms from 2000?
     
  9. JudoThrowFiasco

    JudoThrowFiasco Charming Quark Platinum Member

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    While people are correct to not lay the blame entirely on Obama, they are not extending the logic of messes / actions by predecessors to Bush Jr -- Clinton policies very heavily influenced the results of the 2008 crisis.

    Repealing glass-steagall, signing in the Commodity Futures Modernization Act and rewriting the Community Reinvestment Act -- all played significant roles in what happened in 2008.
     
  10. Happiness

    Happiness Silver Belt

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    Yes, Obama is a neo liberal as well. Even after the crash he proved incapable of reigning in financial Institutions predatory and illegal activities. If you recall around 2000 Blair and England was all about light touch policies, Obama is very similar to Blair in many ways. It was clinton, after all, the repealed much of the consumer protection in place in financial markets.
     
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  11. Rod1

    Rod1 Titanium Belt

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    Given a democratic congress? no, or at least recovery would had been much better.
     
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  12. Happiness

    Happiness Silver Belt

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    I don't agree with that, I believe Obama would have followed Clinton's framework, which played a massive role in 2008.
     
  13. Rod1

    Rod1 Titanium Belt

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    Glass-Steagal repeal didnt caused the 2008 crisis if thats what you are implying.

    The crisis may or may not had been averted, but the capability of government to react to it would had been much better without the massive irresponsible spending of the Bush administration.

    And even during Obama's first term republicans were more concerned with winning the midterms than trying to fix the country and it worked, since it seems that people have effectively forgotten the country that Bush Jr left.

    Bush maxed the credit cards and Obama was left to pay the bills and like little children the electorate remembers Bush fondly and hates Obama.

    http://www.nytimes.com/roomfordebat...ancial-crisis-was-foreseeable-and-preventable
     
  14. JudoThrowFiasco

    JudoThrowFiasco Charming Quark Platinum Member

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    Not on its own, but in combination with signing Commodity Futures Modernization Act and rewriting the Community Reinvestment Act -- together laid the bomb needed to explode in 2008

    The rest of what you wrote is valid, though.
     
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  15. Happiness

    Happiness Silver Belt

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    There's a bunch of factors aside from g & s extending back to the mid 70s. I just don't think anything would have been different under Obama, same donors, same laissez-faire approach to regulation, same interests. I agree with most of the rest of your analysis regarding republicans irresponsible spending and lack of response.

    Bush was a massive fuck up, but he didn't cause 2008 by himself.

    It's like the GDP idea in this thread, it stems from decades of malignant policy coming home to roost.
     
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  16. Pwent

    Pwent Guest

    lol at people still blaming bush. was bush good? no

    but clinton planted the bomb that set off the 2008 crisis, bush failed to stop it. obamas had 8 years to turn it around

    i still wouldnt say hes the worst president, just a bad one
     
  17. Rod1

    Rod1 Titanium Belt

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    community reinvestment act had nothing to do with the crisis, and the other 2 had moderate effects on it.

    You could make the case to blame Greenspan for not acting fast enough to curb an excess in money supply.
     
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  18. Rod1

    Rod1 Titanium Belt

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    Bush didnt started the fire indeed, he just poured a shitload of fuel into it.

    Obama certainly did a lot of work to fix it, and so did Bernanke.
     
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  19. Happiness

    Happiness Silver Belt

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    Greenspan was a terrible economist. His history of economic prediction is startlingly awful. Greenspan was basically the first modern celebrity economist and his ties to the lunacy of randian thought further exacerbated his uselessness.

    I loath Greenspan and have for years, there's nothinges of value he's ever done.
     
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  20. Tobacco

    Tobacco --------------------------------------------------

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    People haven't forgotten. They just deliberately spin it. Well, the vast majority of people do. A small percentage are just outright retarded.
     

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