… When he isn’t even in office yet. Also, correct me if I’m wrong, but we had a surplus when Clinton left office… And while you are arguing about how everything is still Clinton’s fault, I want you to defend your reasoning for prematurely criticizing Obama without sounding like a hypocrite or a…
Republicans blame Clinton because of their extreme partisanship. This is what politicians and political parties do. And you’re right, they are hypocrites and lunatics. They don’t want to own this mess, even though Bush was in office for 8 years, and 6 of those years with a Republican congress. For the Republicans to claim they were blameless or helpless when it came to dealing with this mess is pure nonsense, in my opinion.
Part of the economic policies involving sub-prime loans/derivatives started under Clinton, as well as some forms of deregulation that many politicians and economists claim led to this crisis. I really do believe that Clinton deserves some of the blame for this mess, but Bush deserves a lot more of the blame – the crisis unfolded under his watch, not Clinton’s. Clinton in many ways helped pave the way for Bush, and while I do not like Clinton I believe he was a better president than Bush. Meanwhile, taxpayers are being forced to give trillions of dollars to failed companies, also under Bush’s watch.
As far as blaming Obama, that is just extreme partisanship. He hasn’t even taken office yet, yet some Republicans want to blame him for almost everything. Certainly the Democrats are to blame for this mess too, but not Obama in particular. I’m no Obama supporter but I do find it dishonest and idiotic to put so much blame on him.
I’m an independent and so don’t identify with Republicans or Democrats. They are both corrupt, both take their marching orders from Wall Street, so both are to blame for this economic crisis. It makes no sense to put most of the blame on Clinton and the Democrats though.
All past presidents have a stake in whats happening today. You can argue the fact that Clinton let the weapons inspectors get kicked out of Iraq as a factor that lead us into Iraq. You can argue that carter, Reagan, Bush Sr., Clinton, and Bush Jr. had something to do with the housing bust. You can argue the fact that an inexperienced person (Obama) would win the democrat nomination thus leading to panic selling on Wall Street. Obama’s checkered past has more than a few people nervous, again thank hillary and the rest for getting the ball rolling on that. And yes our beloved bush is a dip **** sometimes. After 911 everyone wanted payback and we asked Bush to step up and he did a decent job but next time we need a better plan.
Obama is not in office you are correct but that’s only a technicality. Obama is speaking everyday on closing gitmo, picking cabinet members, telling governors to step down, trying to get bailouts passed he can be held accountable for that. On January 20th he inherits everything good and bad just like every president before him. Obama knows about all the problems and he promised to fix them great get them fixed.
The only part of the economy that might respond immediately to the election of a new president would be the stock market. So one can theorize certain dips & drops in the stock market could be due to Obama’s actions & stated policies.
But everything else in the economy is more likley a response to something that happened years earlier.
What are people blaming Obama for?
Clearly Obama isn’t responble for the housing market crash of the auto industries problems. But if people on Wall Street don’t feel confident in Obama to properly handle these problems, then stocks will fall.
While not defending the increase of the federal debt under President Bush, it is aggravating seeing Clinton’s record promoted as having generated a surplus.
IT NEVER HAPPENED.
THERE WAS NEVER A SURPLUS…….
and the cold hard facts support that position. In fact, far from a $360 billion reduction in the national debt in FY1998-FY2000, there was an increase of $281 billion.
Verifying this is as simple as accessing the U.S. Treasury http://www.treasurydirect.gov/NP/BPDLogi…
website where the national debt is updated daily and a history of the debt since January 1993 can be obtained. Considering the government’s fiscal year ends on the last day of September each year, and considering Clinton’s budget proposal in 1993 took effect in October 1993 and concluded September 1994 (FY1994), here’s the national debt at the end of each year of Clinton Budgets:
Fiscal Year Year Ending National Debt Deficit
FY1993 09/30/1993 $4.411488 trillion
FY1994 09/30/1994 $4.692749 trillion $281.26 billion
FY1995 09/29/1995 $4.973982 trillion $281.23 billion
FY1996 09/30/1996 $5.224810 trillion $250.83 billion
FY1997 09/30/1997 $5.413146 trillion $188.34 billion
FY1998 09/30/1998 $5.526193 trillion $113.05 billion
FY1999 09/30/1999 $5.656270 trillion $130.08 billion
FY2000 09/29/2000 $5.674178 trillion $17.91 billion
FY2001 09/28/2001 $5.807463 trillion $133.29 billion
As can clearly be seen, in no year did the national debt go down, nor did Clinton leave President Bush with a budget surplus that Bush subsequently turned into a deficit.
Yes, the budget was almost balanced in FY2000 (ending in September 2000 with a deficit of “only” $17.9 billion), but it never reached zero–let alone a positive number. And Clinton’s last budget proposal for FY2001, which ended in September 2001, generated a $133.29 billion deficit.
The growing deficits started in the year of the last Clinton budget, not in the first year of the Bush administration.
There was NEVER A SURPLUS or a BALANCED BUDGET.
I am an Indpendent, not a republican…but I don’t blame Obama for anything at this point. As you said, he is not even in office yet. As to Clinton, many things occured during his Presidency that have had a disasterous effect on the country since that time. However, I am sure that he believed that he was doing the right thing at the time…just as Bush believes that he had done the right thing at the time. Our government has been steadily going down hill for more than 40 years and this is just the latest wave. More will come in Obamas term I suspect. It is the way of politics.
Republicans are dividers, and they have zero respect for Democrats. I remember McCain saying there was plenty of time to point the finger at those responsible for the economic crisis. A few minutes later he proceeded to point the finger. What a hypocrite! Apparently, these repugnants have learned from their master! Republicans cannot and will not take responsibility. They are accountable for nothing. It is never their fault. They are infallible within their own corrupt and demented minds! I just call them hypocrites and childish, which is true of anyone who cannot take the fall.
I don’t know. Why are you so quick to raise this question for the bazillionth time? Do you EVER do a search before asking a question? Or is it just laziness? Is your time worth more than anyone else’s?
Actually, answering a question with another question does not establish that the asker has no answer. If you believe otherwise, please cite me your authority.
But, S V, I just noticed that the speech patterns you displayed in your question here are very similar to those in an email I recently got from a YA user I’d never heard of. She sent me a nasty message defending whatever nonsense you were spouting about racism one night. Then she (or you) blocked me so I couldn’t respond. Nothing like having the courage of your convictions, eh?
At least you or your sockpuppet could have had the guts not to block me so that I couldn’t reply. That says more about you that anything I could have done.
In fact, (if I may quote him/her/you) “it speaks volumes. Volumes.”
Why do Dems blame the whole mess on Bush
right now when they have been the majority
in there for the past 2 years? And Dems
think Obama is going to do so great when
he isn’t even in Office yet. And Saxton
there, since you said that, I don’t think
He would throw a shoe at Bush.
Edit- I think mine says more than your
question and since you mentioned it,
I made my point.
Dont want to hear about Clintons stupid surplus since he was the one thet passed Nafta, which didnt effect this country till after he was out of office…
Dont be ignorant !
Clinton passed a lot of laws that have caused this catastrophic financial mess our country is in today. The only thing Obama is responsible for is being a sleazeball and liar.