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Obama's speech - tremendous

Discussion in 'Sports and News' started by EStreetJoe, Mar 18, 2008.

  1. Yawn

    Yawn New Member

    As I have pointed out, no, not in D.C. But liberals don't care because as long as he "says" the right thing, they'll coo.
     
  2. You mean the act that every Republican said would destroy the economy, and wound up balancing the budget and jump-starting the boom oif the 1990's. THAT act? Republicans haven't balanced a budget since Ike, by the way.
     
  3. The Big Ragu

    The Big Ragu Moderator Staff Member

    This is one of the funniest interpretations of history I have ever read. A Democratic president and Republican obstructionist Congress combine to produce gridlock that ends up with a tax hike and one of those rare times when they can't collude well enough to spend our money into oblivion. Then we enter a period in which we get an exceptionally strong economy that creates a windfall of new tax revenues that way outpaces even their combined efforts to keep spending and growing government (amazingly, because they were spending and growing government), so we got a period of balanced budgets.

    Clinton wasn't that much of a genius. His own OMD was predicting $200 billion budget deficits indefinitely during those years. He wouldn't have known a balanced budget if it slapped him upside the head and he could have cared less about one until he was taking credit for it after the fact.

    I can make an equally compelling case that Newt Gingrich was the genius who produced a balanced budget and jump-started "the boom of the 1990s." Of course, it would be the same kind of bullshit that ignores half the story and tries to write false history.

    There still is the fact that throughout the 1990s, though, that Clinton's proposed budgets were hundreds of billions of dollars higher than what actually passed. He'd propose a $100 billion or more in new social spending, the Republicans would toss most of it and we'd end up with a surplus. We'd still end up spending ridiculously--the Federal budget has never been balanced by any Republican spending reductions, despite their bullshit rhetoric--but we were in a great period of economic prosperity, so even a bunch of elected jackals couldn't spend the freak windfall into oblivion.

    That's the reality.
     
  4. cranberry

    cranberry Well-Known Member

    That one. And it was far from liberal economic policy and even further from "same old, same old." At the time, many of us "New Deal" Democrats were skeptical of deficit reduction as a way to drive the economy.
     
  5. zeke12

    zeke12 Guest

    You might be right, but she's only hit 60 percent once so far -- in Arkansas.

    Her negatives are simply too high, even in a Dem. primary, for her to get blowout wins.
     
  6. old_tony

    old_tony Well-Known Member

    Excellent points.

    http://www.uuforum.org/deficit.htm

    Note that the trend started with Bush 1, continued slowly in Clinton's first two years, then really took off with the Gingrich Congress. Bush 2 got in and it went the other way. 9/11 had a lot to do with that, but the trend already had gone sharply the other way in Clinton's final year and continued badly once the Dems got control of the Senate with Jeffords' turncoat act.

    And the trend has been positive the last three years. The projection for this year is bad. Then again, the last three years outperformed the projections then, too.

    You can make the numbers say anything you want, really.
     
  7. D-Backs Hack

    D-Backs Hack Guest

    And what would that graphic look like if the war costs were on the books?

    And a big reason the numbers started looking better late in Bush I is because of the 1990 budget deal with Democrats in which he broke his "no new taxes" pledge -- another one many Republicans claimed would wreck the economy and, to this day, some believe caused a recession -- even though the recession started four months before Bush actually signed the deal into law.

    Clinton, if I recall, credited Bush with helping the process in one of his final State of the Union speeches.
     
  8. Ben_Hecht

    Ben_Hecht Active Member



    Have long said that a Dem prez and GOP congress is the best combination, under current idological divisions.. Won't be back there, for a good while.
     
  9. The problem is that the GOP has radicalized itself to the point that it needs to do a serious housecleaning before it's likely to meet any D president anywhere near what anyone would recognize as the legitimate middle. Clinton was as much of a centrist as any D in my lifetime, and they made his life a living hell long before Monica showed up, and Tom Delay's people were running around Capitol Hill saying they'd impeach him anyway simply because they had the votes.
     
  10. Ben_Hecht

    Ben_Hecht Active Member


    All true. We are in for it.
     
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