Bob Calco wrote: >>> But Obama's $1.4 trillion "stimulated" porkapalooza "package" >>> >> Oh!Sorry, I had forgotten the actual crisis is Obama's doing, so of >> course the 1.4 trillion are not to be accounted to Georgie. >> > > Exactly how did George Bush create the financial crisis? Don't lean on lazy > answers like "Well he was President before" ... "lack of regulation" ... or > "he is a free marketer and the free market did it" ... these are too vague > to have any meaning, and in the large can be refuted with many-leveled > arguments that more accurately reflect the way our system works (or worked > anyway). > > I believe he contributed to it, and I also believe Obama and his party > contributed to it even more. I think do-gooder programs to get people into > houses even if they couldn't afford them (which Bush also supported, though > he DID try to regulate the GSE's at the heart of the meltdown, contrary to > popular opinion) is the main culprit, and that was hardly a free market > initiative. > So let's for a minute suppose you are right, then Obama is really spending 0.7 Trillion and the other 0.7 are on Georgie's. So you've got to pay first 2 Trillion of Georgie's debt before you start paying for 0.7 Obama's. And what's more, you already know the outcome of Georgie's spending, whereas you still have to see what happens with Obama. You have to give him 4 years, don't you? So now that I've proved my point (even accepting your premises!) let's leave it at that, and go to sleep old man.
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