S&P Cuts U.S. Ratings Outlook to Negative

[volinbham]

...was referring to the admin downplaying this, commentary on the debt ceiling fights, etc.

got it :hi:

 

[g8terh8ter_eric]

It is a bit ironic that the same administration claiming greedy Wall Street hid risks is now claiming the risk assessment of them is politically motivated.

I thought financial reform was about true transparency and clear risk assessment?

Nah, it's just about the federal government holding those greedy businesses responsible for everything they do.

 

[rjd970]

you are assuming he would start another iraq war. take that out and i assure you that bush's deficits would look a lot better. not all spending is repeatable.

That is my point, most of that wasn't included on the books. They would be even worse if so. As high as they were, they didn't even paint the whole picture.

Again, lower taxes doesn't always equal higher tax receipts. And the only way to decrease deficits is to lower spending.

So I ask again, if Obama were to follow the Bush model, how would things be any different right now?

 

[droski]

That is my point, most of that wasn't included on the books. They would be even worse if so. As high as they were, they didn't even paint the whole picture.

Again, lower taxes doesn't always equal higher tax receipts. And the only way to decrease deficits is to lower spending.

So I ask again, if Obama were to follow the Bush model, how would things be any different right now?

is anyone arguing bush is the way out of our troubles?

 

[rjd970]

is anyone arguing bush is the way out of our troubles?

It's nice to come to an agreement on here every once in awhile. A simple "yes" to my earlier question regarding a hypothetical Bush third term would have been just fine instead of this:

who the hell knows? my guess is that bush would have spent the same money, but instead lowered taxes. the economy could be a lot better in that situation i suppose.

 

[droski]

It's nice to come to an agreement on here every once in awhile. A simple "yes" to my earlier question regarding a hypothetical Bush third term would have been just fine instead of this:

forgive me that thinking spending a trillion $$$ should have some material positive effect on the economy. since we have no idea what bush would have done on the spending side it's a bit mute, but tax cuts absolutely would have had a greater economic effect. obama's own economists believe that.

 

[rjd970]

forgive me that thinking spending a trillion $$$ should have some material positive effect on the economy. since we have no idea what bush would have done on the spending side it's a bit mute, but tax cuts absolutely would have had a greater economic effect. obama's own economists believe that.

I'm not going to defend the Obama admin on this, but saying Bush would have done any better, tax cuts or not, isn't justified given that state of affairs with regard to deficits and debt when he left office.

 

[droski]

I'm not going to defend the Obama admin on this, but saying Bush would have done any better, tax cuts or not, isn't justified given that state of affairs with regard to deficits and debt when he left office.

bush is a the drunk driver who killed an innocent person of spending. obama is a serial killer.

 

[volinbham]

I'm not going to defend the Obama admin on this, but saying Bush would have done any better, tax cuts or not, isn't justified given that state of affairs with regard to deficits and debt when he left office.

I'd say this is the safe bet. Also, given how badly Dems and Independents (and some Reps) hated him the atmosphere would still be toxic.

I will say though that the whole Obamacare thing would have been avoided and that would be enough for me to lean towards W.

 

[BigPapaVol]

Omnibi was funny as hell. Forget the debate about Bush vs Obama vis a vis spending. Both are irresponsible political beasts and ideological doofs.
Posted via VolNation Mobile

 

[rjd970]

Just trying to add some perspecitve.

Continue with the well deserved Obama roasting.