Obama Quarterly Report

[Sqrl]

MontanaHatchet said:

TheRealMafoo said:

MontanaHatchet said:
Yeah, I've lost a lot of faith in Obama. Perhaps the economy will recover during his term, and he'll get tons of praise for it. That's always a possibility. Anyways, I don't think we should be pointing fingers at parties or people. Both sides are terrible. Like the Roman Empire, our decline is synonymous with a string of terrible leaders.

It took a year and a half, but finally your starting to see things like me :).

This is the advantage of being 40. It took you until 23, and the next 17 years of your life will do nothing but enforce this feeing, until one day your arguing with 23 years olds about how it's not this party or that, but it's the system.

Welcome to the small government argument :)

Well, I'm talking specifically about today's politics. I have no problem with pointing my finger at people who ran up our national debt a ton (Reagan, the Bush duo), nor do I see an issue in criticizing a guy who handed our economy over to foreign nations (Nixon). So yes, from what I have observed, most of the fuck ups that have led to our current predicament were caused by Republicans. Recessions have happened dozens of times in our history, I'm not complaining about that. It's thing that were set in stone decades ago. Complain about FDR as you will, but he didn't doom us all.

Rant over. I blame the roots of our problems on the Republicans (hence why I'm a liberal registed Independent), but none of the parties have it right today. Not even the Libertarians.

Republicans absolutely have plenty of blame here but you're selling the Dems well short of their responsibility.

Also I will say that while everyone loves to harp on Reagan's deficits they usually don't like to factor in that the cost of fighting the cold war was around $800 Billion (adj).  Nobody harps on FDR for WWII defecits...so why Reagan?  Another part of that is having lowered the income tax rate from 70% to eventually 28% (among other tax changes) which lead directly to economic boom after some very tough times prior to his election.  He may have spent a bit more than was necessary from the strictest fiscal conservative view, but he did a fantastic job in getting the economy going and ending the cold war among several other major accomplishments - all of which are reasons for those deficits that other presidents would easily get a pass on.

As for the Bushs..yeah they were far from fiscal conservatives and there isn't much worth saying in their defense...

The issue right now for Obama is there is nothing tangible from his deficit and his deficit is frighteningly large (magnitudes beyond any prior president in the same time period) and he plans to spend prepostrously large amounts of money beyond that...so yeah people are going to be critical until they start to see some major results for those massive piles of dollar bills going out the door.