jdreyer wrote on Jul 29, 2012, 15:29:
RollinThundr wrote on Jul 29, 2012, 15:02:
Rattlehead wrote on Jul 29, 2012, 14:39:
Don't you love how people use the world liberal like it's a derogatory term.
Let's be honest, if it were a republican President who bailed out all these banks and companies, we'd never hear the end of "corporate welfare" yada yada. Obama does it, it's ok, no one cares.
Remember kids it's alright to add record debt as long as you're a democrat. Is that pretty much the moral of the story or what?
Wow, you really have no clue do you? Over the past 40 years, debt has fallen under Dems and risen under Repubs. Those are just facts.
As for Obama, he inherited the worst financial crisis since the great depression, exacerbated by the Bush tax cuts (which Obama extended during the crisis). During such an event gov't stimulus is the only way to kickstart the economy. Austerity only causes further economic shrinkage, and the Brits are discovering. If anything, the stimulus has been too small, and that's why we're still languishing.
Actually you would be wrong. [url=http://en.wikipedia.org/wiki/File:Federal_Debt_1901-2010_.jpg[/url] Broken down by senate and congress as well. You don't need government to stimulate anything, the Great Depression wouldn't have dragged on as long if Gov didn't meddle and spend spend spend. Markets tend to correct themselves. This is something democrats just don't understand.