Reply to a comment

Reply to this comment

Ruger writes:

in response to Fossil:

ajm: You see, I'm right. Conservatives believe the nation as been stagnent since Ronald Reagan. When they hear "growth", they think in the economic terms or as it relates to size of government. The nation has grown in population and in many other ways. We have more seniors today, more live births, more poverty, and yes, our economy has also expanded during the last thirty years. We also have more millionairs then we have ever had in our history. We have more disabled veterans since the Civil War. We have obligations to support troops fighthing in two theaters. And yes, our debt has increased and the Republicans do not want to pay it, even though they are responsible for it. For those who have not lived very long,that means the government has more responsiblity too. Of course the government has grown. We have a lot more problems today then we did when Ronald Reagan was President. Everything grows in proportion to the needs of the enviornment in which it exists. Including responsiblity. The only thing that has not grown is our revenues. That is one of the reasons we are in trouble. The other is that WE the people continue to elect representatives that enact expensive priorities that WE the electorate demand of them. The big lie that Republicans advanced after the Reagan administration was that if you reduced taxes you would increase revenue. Well, guess what? Not one Reagan economic advisor can be found today to say that theory is true. NO lasting net increase in revenue has ever occurred when you reduce taxes. This is a lie. Common sence tells you that you must increase your income if you increase your living expenses. We, as a nation have not done that. Our children will do just fine if they figure this out. Fear is a tactic of the Conservative right uses to scare the beegees out of you. If you don't beleive me, just listen to the candidates they have running for office. They start out with a doomsday speech and tell you that if you don't throw the "liberals" out, you and your childen will surely parish. They never bother telling you the "how" to their solutions. They speak in generalities and when pressed against the wall, their numbers never add up. This has been true in every Republican adiministration since Ike. Who was the last true fiscal conservative. A Repubican that taxed the wealthy and brought you our national highway system. Oh, did I mention he was a national war hero too. No communist, no socialist just a good American who cared more about his country then he did the blah, blah his party was spouting. You can look long and hard for a Republican Administration that has ever givin us a "balanced budget". So I dread the day that one comes to office and has to operate under such an Amendment. Historically, we know that a Democratic administration has succeeded in having a balanced budget, the Clinton administration.

You have got to be kidding, the list ist of challenges left by the Clinton Administration was huge: the threat of terrorism after he fired cruise missles into Iraq; a military that had been budget starved for 8 years; a collapsed bubble stock market which would wipe-out $7 trillion of "paper wealth" of Americans; corporate governance problems of unheard of proportions that would shake investor confidence in American companies and resulted in pull-backs in investments of unheard of proportions; distrust of the Department of Justice and the Rule of Law (after 8 years of malfeasance). Did you know that he left Bush a recession? Here is a graph of the market starting to crash before Bush even started....

http://ichart.yahoo.com/z?s=^ixic&a=v&p=s&t=5y&l=off&z=m&q=b

Do you know what he did to the CRA and the effect it had on our market today?

http://www.city-journal.org/html/10_1...

The Clinton administration has turned the Community Reinvestment Act, a once-obscure and lightly enforced banking regulation law, into one of the most powerful mandates shaping American cities—and, as Senate Banking Committee chairman Phil Gramm memorably put it, a vast extortion scheme against the nation's banks.

.

And look here, Obama was one of the lawyers that sued the banks to give out crappy loans......

http://www.mediacircus.com/2008/10/ob...

In fact, intimidation tactics, public charges of racism and threats to use CRA to block business expansion have enabled ACORN to extract hundreds of millions of dollars in loans and contributions from America’s financial institutions.

The Woods Fund report makes it clear Obama was fully aware of the intimidation tactics used by ACORN’s Madeline Talbott in her pioneering efforts to force banks to suspend their usual credit standards.

Share your thoughts

Comments are the sole responsibility of the person posting them. You agree not to post comments that are off topic, defamatory, obscene, abusive, threatening or an invasion of privacy. Violators may be banned. Click here for our full user agreement.

Comments can be shared on Facebook and Yahoo!. Add both options by connecting your profiles.

Features