Comments on: No Guessing How GOP Will Govern, Obama Says at Carnahan Fundraiser

By: green.goddess

green.goddess — Fri, 09 Jul 2010 16:51:14 +0000

Posted by: bl | Jul 8, 2010 10:44:52 PM posted: “the Bush tax cut created only 3 million jobs despite the collapse of the dot-com bubble, the effects of 9/11 and the war on terror, it is obvious that it would have been much worse without the tax cut.”
Unfortunately, the Bush era tax cuts (+ massive spending on two wars) also reduced America’s revenues, ate up the Clinton era surplus, and built the foundation of today’s deficit.
And, it was the first economic expansion in all of US history where poverty increased and Middle Class income was LOWER than when Bush took office in 2001. In every other expansion, the buying power of the Middle Class grew along with the economy.
Instead, from 2002 to 2007 the wealthiest 1% of US families benefited enormously with tax cuts to haul in 2/3 of America’s total income gains. And, by 2007 the top 10% owned 72% of our nation’s wealth, according to Pulitzer Prize tax reporter, David Cay Johnson.
Returning to that pattern of tax cuts won’t create the new jobs we need to replace what we have lost. Economist Noriel Roubini suggests more US government is required. He states that “using augmented official financing has not been enough, and banking on an unlikely mix of fiscal cuts and inadequate structural reforms, with growth doing much of the heavy lifting, is a risky bet, likely to fail.”

By: Noz

Noz — Fri, 09 Jul 2010 12:58:56 +0000

“It’s a little odd getting lectures on sobriety from folks who spent like drunken sailors for the better part of the last decade,” the president said
Translation: It’s strange, Republicans who behaved like Democrats lecturing Democrats.
[sarcasm]
I’m so proud of our President, Mr. Barack Obama.
He gives such great speeches rising above politics to unite us all.
He is so different than all those other petty politicians who continually bash the opposing party.
We are all so lucky to have this 51% White 49% Black man as the leader of the free world.
[/sarcasm]

By: Dontget818

Dontget818 — Fri, 09 Jul 2010 12:27:25 +0000

Selling the fear thing only works if the voters are afraid of the other side..not your side.

By: virtus2021

virtus2021 — Fri, 09 Jul 2010 06:57:47 +0000

Hillary Clinton criticized Obama during the election race, for running “a campaign about a campaign”.
Well now it looks like we have a Presidency about a campaign.

By: bl

bl — Fri, 09 Jul 2010 02:51:01 +0000

Of course Democrats and Barry will continue to blame the GOP as the party of “No”. It’s a good election year clich’e…
Keep in mind that the Dems have had the super majority (House and Senate) for President Barry for most of 2009/2010. They could have passed anything they wanted to but Obama’s priorities came first.
Barry insisted on Bailouts and Healh Care overhaul which is going to cost all of us for years to come. Also don’t forget the 2009 stimulus that Barry insisted on would save jobs and would keep unemployment below 8%. Did Barry mean to say he needs to pass a government stimulus every year?

By: bl

bl — Fri, 09 Jul 2010 02:44:52 +0000

Posted here on this blog this week and very accurate…
“the Bush tax cut created only 3 million jobs despite the collapse of the dot-com bubble, the effects of 9/11 and the war on terror, it is obvious that it would have been much worse without the tax cut.
The tax cut almost certainly was responsible for the expansion that drove the Dow over 14,000, an expansion that collapsed after the Democrats took over both houses of Congress.

By: Mary

Mary — Fri, 09 Jul 2010 01:10:21 +0000

Day 80. The oil spill continues to destroy commerce, tourism, livelihoods, and animal habitats in the Gulf Coast.
Desperate people are committing suicide. Obama, on the other hand, is attending a fundraiser for Reid and whining about Republicans who don’t have the votes to stop his agenda.

By: J.R.

J.R. — Fri, 09 Jul 2010 01:07:28 +0000

“To wit, the Blue Dogs and New Democrats combined outnumber the Progressive caucus. ”
Blue Dogs are non-existent. Most of those who used that faux label lost any sort of fiscal credibility when they voted to pass health care reform. Watch as they are replaced this November. And what the heck is a new democrat?

By: J.R.

J.R. — Fri, 09 Jul 2010 01:05:05 +0000

“What is true is that Dems are a big tent, and yes they– as in Dems, not progressives or liberals– control the House and Senate which is why they were able to take action to stop the economic crisis”
the economic crisis has been stopped? How so? This is pure wishful thinking and surely will be tried as a talking point this November. Sorry, epic fail there.

By: J.R.

J.R. — Fri, 09 Jul 2010 00:58:47 +0000

“You’d think that after turning a record Clinton surplus into a record deficit and record debt, they’d be a little shy about this.”
That’s classic. You mean record deficit and record debt until he took office! You’d think he would be a little shy about this, you would think. Alas the man is so confused he doesn’t realize that what is going on now is his fault.