Economically, Could Obama Be America's Best President?

[Sallow]

That's not what you said. You said, "Republicans are in charge of legislation." Republicans have put bills on Harry Reid's in box. Harry Reid slips them away and never pulls them out again. Stop blaming Republicans for everything Harry Reid tables.

It was a lot easier when it was Booooooooooooooosh, wasn't it, Mr. Synthaholic.

Show me a bill that the Republicans have sent from the House that Reid rejected and I will show you some dumbass poison pill included in that bill that would make it a non-starter.

Do you understand what I'm saying?

What difference does it make???

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See, we're learning from dear leader's fantastic appointees.​

She was a fantastic appointee. Quite outstanding actually. She make a fine President too.

 

[Sallow]

Not only has he lowered the debt -

Actually, the debt is $16 trillion and growing. Barry refuses to even establish a debt ceiling, let alone lower the debt!! Don't mean to rock your world.

Besides, Krugman and all the leftist economists want to spend us out of this recession and repay the increased debt after the economy has recovered.

Any slowing of debt accumulation is 100% thanks to Republican pressure since as a matter of philosophy they are opposed to debt, while liberals since Hamilton support debt with one excuse after another.

Slow???

That's completely incorrect.

The biggest spenders, historically, have been Republicans.

Reagan beat them all.

 

[Sallow]

Economically, Could Obama Be America's Best President?

NO!

We have bridges falling down & 25% of them need to be replaced. Bush & the Republicans dramatically increased infrastructure spending. Obamacrats stole the infrastructure money & paid their voters to sit home on their ass & not fix infrastructure.

WTF are you talking about?

What did Obama steal? If you mean the stimulus:

Republican hypocrites vote no on stimulus but take money and credit for 'good policy'



There are a bunch of examples of Republicans who voted against the stimulus, yet stood there and posed with giant checks, bragging about how they were bringing money home to their districts.






And Bush & Republicans spent on infrastructure? Don't you mean they borrowed money from China to improve infrastructure, helping to add to the debt that you wingnuts scream about?


Because we sure didn't have the money for it.

Republican spend on military infrastructure.

 

[iamwhatiseem]

Already a thread on that article...and it was thoroughly debunked then.
Of course Wall Street is monumentally happy with Obama, beyond a shadow of a doubt he is one of the friendliest Wall Street Presidents in history.
No other President in history would have in their wildest dreams provided $85,000,000,000 of taxpayer money in bond/toxic asset buying PER MONTH INDEFINITELY.
In fact, if Wall Street was doing anything OTHER than having a roaring good time on our dime, one would have to wonder where in the hell did the over $1 trillion per year go??
So yes, if you are a large corporation, central bank employee or investor - times are indeed fantastic.
Obama is unarguably the most trickle-down economics President in the history of America...while at the same time making history in food stamp handouts, most disability payouts in history - and by faaar the most unemployment handed out in history/
Yes sir - Obama is a multi-tasker for sure!!!

No other President in history would have in their wildest dreams provided $85,000,000,000 of taxpayer money in bond/toxic asset buying PER MONTH INDEFINITELY.

They only buy guaranteed bonds, no toxic assets there.

Sorry - yes they do. Not sure what rock you live under, but they have not stopped buying central bank bad debt since 2010.

 

[iamwhatiseem]

Not only has he lowered the debt -

Actually, the debt is $16 trillion and growing. Barry refuses to even establish a debt ceiling, let alone lower the debt!! Don't mean to rock your world.

Besides, Krugman and all the leftist economists want to spend us out of this recession and repay the increased debt after the economy has recovered.

Any slowing of debt accumulation is 100% thanks to Republican pressure since as a matter of philosophy they are opposed to debt, while liberals since Hamilton support debt with one excuse after another.

Slow???

That's completely incorrect.

The biggest spenders, historically, have been Republicans.

Reagan beat them all.

That is arguable, depends on what is counted as spending. Some do not count debt payments as spending, some do not count bond buying as spending - hell Obama's first spending budget did not count borrowed money as spending.

At any rate - let's talk trickle down economics via giving money to the top in both direct payouts and tax credits. What President has engaged in trickle-down economics more than any other? Oh...that would be Obama. Don't even try and argue against it.

 

[Synthaholic]

NO!

We have bridges falling down & 25% of them need to be replaced. Bush & the Republicans dramatically increased infrastructure spending. Obamacrats stole the infrastructure money & paid their voters to sit home on their ass & not fix infrastructure.

WTF are you talking about?

What did Obama steal? If you mean the stimulus:

Republican hypocrites vote no on stimulus but take money and credit for 'good policy'



There are a bunch of examples of Republicans who voted against the stimulus, yet stood there and posed with giant checks, bragging about how they were bringing money home to their districts.






And Bush & Republicans spent on infrastructure? Don't you mean they borrowed money from China to improve infrastructure, helping to add to the debt that you wingnuts scream about?


Because we sure didn't have the money for it.

Republican spend on military infrastructure.

Ahh, thanks for clearing up his meaning.

And Bush borrowed from China for THAT, too!

 

[Toddsterpatriot]

Already a thread on that article...and it was thoroughly debunked then.
Of course Wall Street is monumentally happy with Obama, beyond a shadow of a doubt he is one of the friendliest Wall Street Presidents in history.
No other President in history would have in their wildest dreams provided $85,000,000,000 of taxpayer money in bond/toxic asset buying PER MONTH INDEFINITELY.
In fact, if Wall Street was doing anything OTHER than having a roaring good time on our dime, one would have to wonder where in the hell did the over $1 trillion per year go??
So yes, if you are a large corporation, central bank employee or investor - times are indeed fantastic.
Obama is unarguably the most trickle-down economics President in the history of America...while at the same time making history in food stamp handouts, most disability payouts in history - and by faaar the most unemployment handed out in history/
Yes sir - Obama is a multi-tasker for sure!!!

No other President in history would have in their wildest dreams provided $85,000,000,000 of taxpayer money in bond/toxic asset buying PER MONTH INDEFINITELY.

They only buy guaranteed bonds, no toxic assets there.

Sorry - yes they do. Not sure what rock you live under, but they have not stopped buying central bank bad debt since 2010.

The Central Banks doesn't issue debt.
They buy Treasuries and government guaranteed bonds.
Kinda the opposite of toxic.

 

[EdwardBaiamonte]

Republican spend on military infrastructure.

as they should since there is no point in being the last best hope for freedom unless you can defend yourself and your ideas.

 

[EdwardBaiamonte]

Already a thread on that article...and it was thoroughly debunked then.
Of course Wall Street is monumentally happy with Obama, beyond a shadow of a doubt he is one of the friendliest Wall Street Presidents in history.
No other President in history would have in their wildest dreams provided $85,000,000,000 of taxpayer money in bond/toxic asset buying PER MONTH INDEFINITELY.
In fact, if Wall Street was doing anything OTHER than having a roaring good time on our dime, one would have to wonder where in the hell did the over $1 trillion per year go??
So yes, if you are a large corporation, central bank employee or investor - times are indeed fantastic.
Obama is unarguably the most trickle-down economics President in the history of America...while at the same time making history in food stamp handouts, most disability payouts in history - and by faaar the most unemployment handed out in history/
Yes sir - Obama is a multi-tasker for sure!!!

No other President in history would have in their wildest dreams provided $85,000,000,000 of taxpayer money in bond/toxic asset buying PER MONTH INDEFINITELY.

They only buy guaranteed bonds, no toxic assets there.

in fact what they bought is going way up in value and turning a huge profit as housing market recovers.

 

[Toddsterpatriot]

Already a thread on that article...and it was thoroughly debunked then.
Of course Wall Street is monumentally happy with Obama, beyond a shadow of a doubt he is one of the friendliest Wall Street Presidents in history.
No other President in history would have in their wildest dreams provided $85,000,000,000 of taxpayer money in bond/toxic asset buying PER MONTH INDEFINITELY.
In fact, if Wall Street was doing anything OTHER than having a roaring good time on our dime, one would have to wonder where in the hell did the over $1 trillion per year go??
So yes, if you are a large corporation, central bank employee or investor - times are indeed fantastic.
Obama is unarguably the most trickle-down economics President in the history of America...while at the same time making history in food stamp handouts, most disability payouts in history - and by faaar the most unemployment handed out in history/
Yes sir - Obama is a multi-tasker for sure!!!

No other President in history would have in their wildest dreams provided $85,000,000,000 of taxpayer money in bond/toxic asset buying PER MONTH INDEFINITELY.

They only buy guaranteed bonds, no toxic assets there.

in fact what they bought is going way up in value and turning a huge profit as housing market recovers.

The profit on the bond prices is mostly because rates have fallen.

 

[Toddsterpatriot]

Already a thread on that article...and it was thoroughly debunked then.
Of course Wall Street is monumentally happy with Obama, beyond a shadow of a doubt he is one of the friendliest Wall Street Presidents in history.
No other President in history would have in their wildest dreams provided $85,000,000,000 of taxpayer money in bond/toxic asset buying PER MONTH INDEFINITELY.
In fact, if Wall Street was doing anything OTHER than having a roaring good time on our dime, one would have to wonder where in the hell did the over $1 trillion per year go??
So yes, if you are a large corporation, central bank employee or investor - times are indeed fantastic.
Obama is unarguably the most trickle-down economics President in the history of America...while at the same time making history in food stamp handouts, most disability payouts in history - and by faaar the most unemployment handed out in history/
Yes sir - Obama is a multi-tasker for sure!!!

No other President in history would have in their wildest dreams provided $85,000,000,000 of taxpayer money in bond/toxic asset buying PER MONTH INDEFINITELY.

One more thing, the Fed doesn't spend taxpayer money to buy these bonds.

 

[AmazonTania]

Not only has he lowered the debt -

Lie all you want OR

PROVE what you say.

1.4% per what, second? Hour? Month? It sure as hell isn't 1.4% over the course of a term...

Get out of the bubble. Reality is waiting for you. You just have to want it.

The enlighten me on what the reality is. 1.4% per what?

 

[Toddsterpatriot]

1.4% per what, second? Hour? Month? It sure as hell isn't 1.4% over the course of a term...

Get out of the bubble. Reality is waiting for you. You just have to want it.

The enlighten me on what the reality is. 1.4% per what?

If you charge Bush's last budget with Obama stimulus spending as well as the $245 billion in bank TARP and credit the TARP repayment as less Obama spending, you can make Obama's horrible numbers look better.
Of course it's a lie.

 

[EdwardBaiamonte]

No other President in history would have in their wildest dreams provided $85,000,000,000 of taxpayer money in bond/toxic asset buying PER MONTH INDEFINITELY.

They only buy guaranteed bonds, no toxic assets there.

in fact what they bought is going way up in value and turning a huge profit as housing market recovers.

The profit on the bond prices is mostly because rates have fallen.

rates have been low forever. the fed is making tons of money from the interest it collects on the bonds too.

 

[Toddsterpatriot]

in fact what they bought is going way up in value and turning a huge profit as housing market recovers.

The profit on the bond prices is mostly because rates have fallen.

rates have been low forever. the fed is making tons of money from the interest it collects on the bonds too.

Yes, they make money on interest.
I was commenting on your statement "what they bought is going way up in value"

 

[DiamondDave]

1.4% per what, second? Hour? Month? It sure as hell isn't 1.4% over the course of a term...

Get out of the bubble. Reality is waiting for you. You just have to want it.

The enlighten me on what the reality is. 1.4% per what?

They take claim for what STATE and LOCAL government is doing too... because that little lie by addition makes their dear leader look better

 

[jon_berzerk]

From Forbes.com:

Economically, Could Obama Be America's Best President?


With the stock market hitting new highs, some people have already forgotten about the Great Recession.


Recall 2009. Things looked pretty bleak economically.


But the outlook has changed dramatically in just 4 years. And it has been a boon for investors, as even the safest indices have yielded a 250% return (>25% annualized compound return

Additionally, unemployment and consumer confidence trends have reversed direction and are improving:

Since this coincides with President Obama’s first term, I asked the authors of “Bulls, Bears and the Ballot Box,” (available on Amazon.com and which I reviewed in my October 11, 2012 column,) to capture their opinions on how much Americans should attribute the equity upturn, and improved economic prospects, to the President as we enter his second term.

Interview with Bob Deitrick, co-Author “Bulls, Bears and the Ballot Box” (BBBB):

Q- Bob, how much credit should Americans give President Obama for today’s improved equity values?

BBBB – Our research reviewed American economic performance since President Roosevelt installed the first Federal Reserve Board Chairman – Republican Marriner Eccles. We observed that even though there are multiple impacts on the economy, it was clear that policy decisions within each administration, from FDR forward, made a clear difference on performance. And relatively quickly.


Presidents universally take credit when the economy does well (such as Reagan,) and choose to blame other factors when the economy does poorly (such as Carter.) But there was a clear pattern, and link, between policy and financial market performance.
Although we hear almost no one in the Obama administration taking credit for record index highs, they should. Because the President deserves attention for how well this economy has done during his leadership.

The auto rescue plan has worked. American car manufacturers are still dominant and employing millions directly and in supplier companies. Wall Street reform has been painful but it has re-instated faith amongst investors. The markets are far more predictable than they were four years ago, as VIX numbers demonstrate greater faith and less risk.


Even for small investors, such as those limited to their 401(k) or IRA investments, the average annual compound return on stocks under President Obama has been more than 24% since the lows of March, 2009. This is a better result than either Clinton, Reagan or FDR – who were the prior winners in our book.

Q- Bob, what policies do you think were most important toward achieving today’s new highs?

BBBB – Firstly, let’s review just how bad things were in 2009. In 2000 America was completing the longest bull market in history. But by the end of President Bush’s tenure the country had witnessed 2 stock market crashes, and the DJIA had fallen 58%. This was the second worst market decline in history (exceeded only by the Great Depression,) and hence the term “Great Recession” was born.


In 2000, at the end of Clinton’s administration, the Consumer Confidence Index was at a record high 140. By January, 2009 this index had fallen to an historic low of 25.3. Comparatively, when Reagan took office at the end of the economically weak Carter years the Confidence Index was still at 74.4! Today this measure of how people feel about the country is still nowhere near 2000 levels, but it is almost 3 times better than 4 years ago.


Significantly, in 2000 America had a budget surplus. By 2009 surpluses were long gone and the country was racking up historic deficits as taxes were cut while simultaneously outlays for defense skyrocketed to cover costs of wars in Iraq and Afghanistan. Additionally, banks were on the edge of failing due to unregulated real estate speculation and massive derivative losses.


Today the Congressional Budget Office is reporting a $200B decrease in the deficit almost entirely due to increased revenue from a growing economy and higher taxes on the wealthiest Americans. The deficit is now only 4% of the GDP, down from over 10% at the end of Bush’s administration – and projections are for it to be only 2% by 2015 (before Obama leaves office.) America’s “debt problem” seems largely solved, and almost all due to growth rather than austerity.


We can largely thank a fairer tax code, improved regulation and consistent SEC enforcement. Also, major strides in health care reform – something no other President has accomplished – has given American’s more faith in their future, and an increased willingness to invest.

two things love obama which he has helped immensely


wall street

and the gun industry

record $$profits$$

 

[Sallow]

Actually, the debt is $16 trillion and growing. Barry refuses to even establish a debt ceiling, let alone lower the debt!! Don't mean to rock your world.

Besides, Krugman and all the leftist economists want to spend us out of this recession and repay the increased debt after the economy has recovered.

Any slowing of debt accumulation is 100% thanks to Republican pressure since as a matter of philosophy they are opposed to debt, while liberals since Hamilton support debt with one excuse after another.

Slow???

That's completely incorrect.

The biggest spenders, historically, have been Republicans.

Reagan beat them all.

That is arguable, depends on what is counted as spending. Some do not count debt payments as spending, some do not count bond buying as spending - hell Obama's first spending budget did not count borrowed money as spending.

At any rate - let's talk trickle down economics via giving money to the top in both direct payouts and tax credits. What President has engaged in trickle-down economics more than any other? Oh...that would be Obama. Don't even try and argue against it.

Argue against what?

A false claim?

That would give it validity.

 

[midcan5]

Corporate propaganda has a strangle hold on the minds of the wingnuts, republicans, libertarians and other apologists for inequality. Youtube below says it all.

http://www.usmessageboard.com/econo...n-spanking-opponents-again-3.html#post7307910

 

[CrusaderFrank]

Corporate propaganda has a strangle hold on the minds of the wingnuts, republicans, libertarians and other apologists for inequality. Youtube below says it all.

http://www.usmessageboard.com/econo...n-spanking-opponents-again-3.html#post7307910

https://www.youtube.com/watch?v=iIhOXCgSunc

Progressive dictionary

Job: Corporate propaganda