Love this article on trickle down economics (Reagonomics)

How naive/uniformed you must be to think you can pinpoint the perpetrator or the exact cause of this. Its a snowball effect.

FYI People are only democrat or republican when it serves them. Nobody grows up thinking like this. This is just how you are brainwashed growing up. You think you have it all figured out but to really understand it you must realize that you cant figure it out. Some things are too complex. 

Quote Originally Posted by 14daroad:

No time now but just go to google & do a couple searches.

Gee, I wonder why you're saying that?

And had the crisis at the end of '08 happened 6 mos or a yr earlier, his numbers would have looked far worse on all fronts.

And had the crisis happened 6 months later, Bush would have been out of office.

unemployment reached a 14 yr high of 6.5% by the end of Oct '08

Obama would run your grandmother over to have 6.5% unemployment.

But I love, love watching you people pretend 6.5% unemployment is "high" after what this clown has done to America.

Didn't say it was high, only that it rose to that after being only 4.2% when he took office & this was BEFORE the actual subprime meltdown. After it rose to 7.8 by the time he left so while it's near impossible to draw exact correlations between tax & unemployment rates (because of the other relevant factors involved), there is no evidence whatsoever that the tax cuts did anything in terms of job creation. Taking it as a whole, unemployment rose from 4.2% to 7.8% during the Bush admin yrs while he had the benefit of a record budget surplus & the housing bubble & then also the subsequent meltdown whereas it's gone up 1.4% under Obama who took the brunt of the fallout. 

Obama also inherited a record deficit & the worst recession since the great depression with 2 wars & no real industrial/job base to speak of. Yes, Bush's record is very distinctive:

Ran up a record deficit with the help of a false flag war cusing 100's of thousands needless deaths

Worst job creation in history while cutting taxes 3 times while more jobs than ever went overseas

Left the worst recession & record deficit with 2 screwed up wars to his predecessor

Quote Originally Posted by 14daroad:

but it's all there




What is all there?

Oh, I know what is there, unemployment was at 4.6% when Harry & Nancy were sworn in.

I know what is there, the federal deficit was $265 billion when Harry & Nancy were sworn in.

14daroad - try again with a little more accuracy & perspective.

Um, you can't demonstrate anything, not one single thing, I've said is factually incorrect.

What does Reid & Pelosi being sworn in had to do with a discussion of the possible correlation between tax cuts & the unemployment rate? Tax cuts were in place & stayed the same. And the only think I originally responded to that you said WAS wrong. Bush came in with 4.2% unemployment & after 3 tax cuts but before the actual meltdown took place, it was at a 14yr high of 6.5%.

Unbiased overall gander at his economic policy/record & some different points of view from others:

https://en.wikipedia.org/wiki/Economic_policy_of_the_George_W_Bush_administration

Well, I looked at a few sources & they varied from 4.2% to 4.7%. I went with wikipedia because they generally are accurate with their numbers. See my link doesn't come up - if interested, yo can just punch in "Unemployment rates under Bush" & look for yourself. In any case, your original statement that you repeated was absolutely wrong not to mention you never give any perspective or your own thinking other than Repubs, good - Obama/Dems bad

Quote Originally Posted by 14daroad:

How naive/uniformed you must be to think you can pinpoint the perpetrator or the exact cause of this



It isn't complicated.

I just love how you didn't really engage the issue. Want to guess why that is?

Its a snowball effect.

Yes, a snowball effect of 20+ years of Barney Frank writing federal housing policy.

A snowball effect of Democrats, through Fannie & Freddie, encouraging "affordable housing" to people who couldn't afford a house.

Who did that work out?

Again, trying to put all the political blame on the dems. Very sad, you only sound like a Rush or Hannity puppet. FYI, the Bush admin was just as stridently in support of Freddie/Fannie & affordable housing as was Clinton & the dems. Difference being that the economy was booming when Clinton signed off & he had no way of knowing of the unethical leveraging/bust that would come to pass whereas there were already credible rumblings of impending probs during the Bush yrs (when the repubs controlled congress 6 of the 8 yrs) & they did nothing about it.

Under the plan, disclosed at a Congressional hearing today, a new agency would be created within the Treasury Department to assume supervision of Fannie Mae and Freddie Mac, the government-sponsored companies that are the two largest players in the mortgage lending industry.

...

'These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis,'' said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ''The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.''

-------------

Now is this the part where you ignore the facts or reply that I'm wrong?

By EVERY source, be it from a low of 4.2% to a high of 4.7% when he took office which you cited, your statements were false & also wrong even before the meltdown occurred. Are they all wrong? Try again -

Yes, the repubs did control Congress from '01 to '07 which is all I said. What kind of a childish partisan flake are you?