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Originally Posted by excon

When the government acts to effect the economy, it takes about 18 months for the actions to start showing up.

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So if this is all Bush's fault, why did he wait 6 1/2 years to "screw things up"? Why not jump right in after he got re-elected?

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Originally Posted by excon

Hello again, El:

When the government acts to effect the economy, it takes about 18 months for the actions to start showing up. As proof, I ask, if it happened sooner, how come the inflation rate hasn't skyrocketed since the Fed printed zillions and even more zillions of dollars?? I'll tell you why, because it hasn't worked it's way through the economy yet. Give it a year from now, and it'll knock your socks off. Buy gold.

excon

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Yeah and Obama is soooo cool that his effects are happening right before our very eyes and we don't see it. Last month he said that we will not see any of the benefits of what he is screwing up (errr I mean 'fixing') within our life time.


I wonder why?? :confused:

Could it be because it is going to take that many Presidents to 'FIX' what he is making a mess of?


{I remember Obama saying that if he didn't bring about changes for the better within his first 100 days he would resign. Another one of his lies I guess.

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Originally Posted by this8384

So if this is all Bush's fault, why did he wait 6 1/2 years to "screw things up"? Why not jump right in after he got re-elected?

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Originally Posted by N0help4u

I remember Obama saying that if he didn't bring about changes for the better within his first 100 days he would resign. Another one of his lies I guess.

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Hello girls:

It's actually Reagans fault, but we can go into that later... You ask if this was Bush's fault?? Was Bush a spender?? Uhhhh YEAH!! Was Bush a DEFICIT spender?? Uhhhh, YEAH AGAIN!! Did Bush spend heavily on two wars, AND lower the income the government received?? Uhhhh, YEAH!! Looks like a disaster waiting to happen - and it did!

Obama DID fix it. We'll just have to wait for another year or so to see if it really DID fix it. I don't know if it did. But, it's too soon to say it didn't.

Chant this phrase as you're going to sleep, "eighteen months... eighteen months... eighteen months...." Say it over and over till you get it.

excon

What exactly did Obama fix?

I don't see any great increase in jobs.
With the things Obama is doing he is causing even more to lose their jobs and tripled the deficit.
I would love to see a list of what he has fixed with the numbers vs what he has messed up with those numbers.

He has padded the pockets of the people that messed things up while taking it out of the investors that were 'guaranteed' a profit.

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Originally Posted by excon

Hello girls:

It's actually Reagans fault, but we can go into that later... You ask if this was Bush's fault??? Was Bush a spender???? Uhhhh YEAH!!! Was Bush a DEFICIT spender???? Uhhhh, YEAH AGAIN!!! Did Bush spend heavily on two wars, AND lower the income the government received??? Uhhhh, YEAH!!! Looks like a disaster waiting to happen - and it did!

Obama DID fix it. We'll just have to wait for another year or so to see if it really DID fix it. I dunno if it did. But, it's too soon to say it didn't.

Chant this phrase as you're going to sleep, "eighteen months... eighteen months... eighteen months...." Say it over and over till you get it.

excon

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That's not what I asked. You said that it takes 18 months for a government to affect the economy; I asked you why Bush waited 6 1/2 years. You responded that it's the fault of a President from the '80s. So by your statements, first it takes 18 months - now it takes 20 years?

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Originally Posted by N0help4u

What exactly did Obama fix?

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Hello again, Saph:

The economy was about to go into the dumper. He stopped that. I guess you missed it. Now, it's just going to be bad instead of disastrous.

You're right, though, in that it remains to be seen if what Obama did (and what we do NOW) actually fixes it for the LONG term. Health care reform is part of the fix. If we don't do THAT, Obama's fixes won't fix squat.

excon

He did a temporary fix. Wait and use your 18 month quote before you jump to concluding that he fixed anything.
According to that theory this fix you are crediting to Obama would actually be the results of what Bush did Dec 2007 -Jan 08.

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Originally Posted by N0help4u

He did a temporary fix. Wait and use your 18 month quote before you jump to concluding that he fixed anything.
According to that theory this fix you are crediting to Obama would actually be the results of what Bush did Dec 2007 -Jan 08.

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Nicely done ;)

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AND lower the income the government received??

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Besides the recession at the beginning of his term and last years downturn Federal Revenues as a percentage of the GDP were around 18.4 percent;which was consistent with the rate of revenues during the peak of the Clintoon presidency and the tech stock bubble.

It was not enough revenues that was the issue. It was spending ;especially the expansion of medical entitlements.

Obama's gamble of priming the pump by quadupling down on the debt while tax revenues are dropping is hardly a fix. It is a gamble bigger than the 'New Deal 'gamble that failed to bring us out of a decade long depression.

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Originally Posted by this8384

I asked you why Bush waited 6 1/2 years.

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Hello again, this:

I don't know what you mean. But, let me try this... I'm speaking about a currency/fiscal event. That is what the government DID to attempt to fix the situation. That injection of cash takes about 18 months to work it's way through the economy, before it starts showing up in the numbers...

The policies that BROKE the economy, however, started 30 years ago. It started with an idea - the idea that Reagan had, wherein government WAS the problem, NOT the solution. Given that the prevailing attitude was that GOVERNMENT REGULATION was the problem, REMOVING those burdensome regulations would fix everything... But, it didn't. Oh, it did for a while, but it really hurt us in the long run.

Those regulations kept the things that HAPPENED to us, from happening. They were instituted AFTER the Great Depression in order to PREVENT another Great Depression. Somebody forgot stuff.

excon

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Originally Posted by tomder55

besides the recession at the beginning of his term and last years downturn Federal Revenues as a percentage of the GDP were around 18.4 percent;which was consistent with the rate of revenues during the peak of the Clintoon presidency and the tech stock bubble.

It was not enough revenues that was the issue. It was spending ;especially the expansion of medical entitlements.

Obama's gamble of priming the pump by quadupling down on the debt while tax revenues are dropping is hardly a fix. It is a gamble bigger than the 'New Deal 'gamble that failed to bring us out of a decade long depression.

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Agree. I still cannot fathom how anyone thinks increasing taxes during a recession will fix anything... "You have no money? Give us more!!"

As Quinn and Rose say
A pizza place increasing the price and cutting the delivery area is not going to make more money but end up out of business.

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Originally Posted by excon

Hello again, this:

I dunno what you mean.

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You stated that when government acts to affect the economy, it takes approximately 18 months for their actions to work through.

Bush was in office for eight years. If this was truly Bush's fault, why would he do a semi-decent job for the first six and a half years, and then say, "Gee...I think I'd like for everyone in America to hate me. Let's screw the country over"? Why wouldn't he start screwing things up immediately? If it was a political move, why not wait until re-election and start the downhill slide from then? Once he's in, we can't do anything about it.

THAT is what I mean.

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Originally Posted by this8384

You stated that when government acts to affect the economy, it takes approximately 18 months for their actions to work through.

Bush was in office for eight years. If this was truly Bush's fault, why would he do a semi-decent job for the first six and a half years, and then say, "Gee...I think I'd like for everyone in America to hate me. Let's screw the country over"? Why wouldn't he start screwing things up immediately? If it was a political move, why not wait until re-election and start the downhill slide from then? Once he's in, we can't do anything about it.

THAT is what I mean.

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No defense for Obama but I think that is what Bush did do but Obama is adding fuel to the mess.

We are the ones getting burned by BOTH of them!

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Originally Posted by N0help4u

No defense for Obama but I think that is what Bush did do but Obama is adding fuel to the mess.

We are the ones getting burned by BOTH of them!

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None taken. I don't agree, but I'd like to be proven wrong by fact.

That's something that no one on this board seems to get through their head. We can have differing opinions, but opinion does not equal fact.

As a random note, I think it's kick-@ss that we have a black President. However, there are a lot of other black men/women that I think would have been 1,000% better for the job.

Quote:

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Originally Posted by N0help4u

He did a temporary fix. Wait and use your 18 month quote before you jump to concluding that he fixed anything.
According to that theory this fix you are crediting to Obama would actually be the results of what Bush did Dec 2007 -Jan 08.

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Hello again, N0:

I don't disagree. The numbers showing up TODAY are the result of what Bush did 18 months ago. The numbers are bad. That would indicate to me, that Bush didn't fix anything. As a matter of fact, those numbers indicate that Bush did the opposite - and he did.

I'm NOT crediting Obama with a FIX. I'm reserving my judgment for some period down the road. EIGHTEEN months seems like a good number.

If you're referring to the massive cash injection into the banking system, it DID stop them from collapsing and causing another depression. It really DID - for the time being... It remains to be seen what the result of that injection will be (in eighteen months).

Me? I think it will result in hyperinflation. Will THAT conclusion be considered a fix?? Nope. Not to me. Does that mean Obama is a failure? Nope. He'll get the blame because he couldn't fix it, but in truth, it's really not fixable...

An economy is like a drug addict... When it gets a shot of cash, it feels really good.. But there IS pain coming down the road.

Buy gold.

excon

I believe the following to be true:

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Originally Posted by this8384

That's something that no one on this board seems to get through their head. We can have differing opinions, but opinion does not equal fact.

As a random note, I think it's kick-@ss that we have a black President. However, there are a lot of other black men/women that I think would have been 1,000% better for the job.

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I am always telling people opinion and fact are not the same.

I also always tell people that say we are against Obama because he is black, "No way, I would vote for Bill Cosby as President ANY day''.

Well in 18 months from now AND 18 months from the day Obama is no longer Pres.
Tell me THEN how great a job he is doing.
I truly believe you just aren't seeing the real effects of what he is doing right now.

I am puzzled . So if the economic turn around is underway by June of 2010; will it be the fixes that President Bush put through with the original TARP that fixed the economy?