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Jeff Gillmer
Byrne Robotics Member
Joined: 30 August 2004
Location: United States
Posts: 1920
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| Posted: 09 October 2008 at 6:48pm | IP Logged | 1
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Matt, no I'm not suggesting the Democrats could have totally turned things around. However, spending bills come thru the House of Representatives. Then they go thru the Senate. Yes, I realize you know this already but bear with me. At any time, Nancy Pelosi or Harry Reed could have cut any of the spending proposals, including money for the wars. Heck, that's just one of the cuts they promised when running in the last election. But they broke that promise to their own voters. They helped bloat the budget as much, if not more, than Bush did. There's plenty of irresponsible behavior going around DC.
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Joe Zhang
Byrne Robotics Member
Joined: 16 April 2004
Location: United States
Posts: 12842
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| Posted: 09 October 2008 at 6:51pm | IP Logged | 2
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"'Im a left-leaning guy, Joe, but Democrats are not sinless when it comes
to the National Debt. I'd hardly call it a "republican achievement.""
Somehow I got it in my head that the national debt was 2 trillion when Bill left office. This is not true, it seems like the figure was closer to 5. Now it's 10. While Democrats share the blame for deficit spending, I don't get the impression that any of the new debt was spent on Democrat initiatives (tax cut, war, bailout ,etc.)
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Matt Reed
Byrne Robotics Security
Robotmod
Joined: 16 April 2004
Posts: 36483
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| Posted: 09 October 2008 at 7:02pm | IP Logged | 3
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Jeff Glillmer wrote:
| They helped bloat the budget as much, if not more, than Bush did. There's plenty of irresponsible behavior going around DC. |
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I totally agree with the second statement, but can't for the life of me agree with the first. Bush and the Republican Congress spent more money in their six years than any Republican President and Congress has in recent memory. Democrats did not bloat the budget in their two years more than the Bush Administration and the Republican congress did in six. That's just flat out wrong.
In any event, I can totally get behind the idea that both parties have contributed to the economic mess we're in to be sure, I just can't agree that it's 50/50 in this decade. Many of the policies of the current administration combined with a congress that had little to no checks and balances where spending was concerned has certainly changed the economic future we had projected at the end of the Clinton administration.
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Jason Czeskleba
Byrne Robotics Member
Joined: 30 April 2004
Posts: 4639
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| Posted: 09 October 2008 at 7:31pm | IP Logged | 4
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Jodi Moisan wrote:
| According to my husband who is the CFO of his company, said if McCain
gets in and gets that 5000 dollar health insurance credit passed, it
will suck for the workers because companies will no longer pay for
insurance. |
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I'm amazed McCain is pushing a plan that will take away the tax break for businesses that provide insurance to their employees. That doesn't seem very Republican of him. I'm also surprised Obama is not doing more to publicize that part of McCain's plan.
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Jeff Gillmer
Byrne Robotics Member
Joined: 30 August 2004
Location: United States
Posts: 1920
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| Posted: 09 October 2008 at 7:47pm | IP Logged | 5
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Matt, I was talking about the last 2 years budgets, not the previous 6. I think all of us can agree that the Republicans sure didn't live up to their reputations in that time. The Dems could have worked to slow down spending, but they went back to business-as-usual.
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William McCormick
Byrne Robotics Member
Joined: 26 February 2006
Posts: 3297
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| Posted: 10 October 2008 at 7:50am | IP Logged | 6
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I agree completely, did I come off snarky? If I did, I am sorry that was not my intent at all, I giggled at what he said about not fighting with Scott and feeling lonely.
*********
No worries, Jodi. I certainly didn't take it that way.
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Mike O'Brien
Byrne Robotics Member
Official JB Historian
Joined: 18 April 2004
Location: United States
Posts: 10927
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| Posted: 10 October 2008 at 7:53am | IP Logged | 7
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Oh - yeah, meant to clarify that, I was agreeing with you Jodi, not correcting you.
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Michael Myers
Byrne Robotics Member
Joined: 28 December 2004
Posts: 831
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| Posted: 10 October 2008 at 8:49am | IP Logged | 8
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Why in the world would President Bush come out today and make a nothing speech? As evidenced by his "banks aren't lending because they lack capital" remarks, even the nothing he offered lacked substance. Thanks to the Treasury, capital isn't the problem...an historical volatility index and uncertainty regarding implementation is the problem. Yet, President Bush comes out on a rally day to say absolutely nothing after eight years of ongoing fear of the bully pulpit? Redemptions are behind us, earnings reports are behind us, the monthly employment index is behind us, the other world markets are in worse shape, etc. You keep your mouth closed on a rally day, President Bush.
Anyone know who's writing these speeches and advising him to give them on a Friday? Seriously? Harvard MBA, my ass.
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Joe Zhang
Byrne Robotics Member
Joined: 16 April 2004
Location: United States
Posts: 12842
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| Posted: 10 October 2008 at 8:52am | IP Logged | 9
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Maybe he got the mail-order Harvard MBA.
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Adam Hutchinson
Byrne Robotics Member
Joined: 15 December 2005
Location: United States
Posts: 4502
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| Posted: 10 October 2008 at 9:48am | IP Logged | 10
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I missed the speech. Am I supposed to go shopping again?
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Matt Reed
Byrne Robotics Security
Robotmod
Joined: 16 April 2004
Posts: 36483
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| Posted: 10 October 2008 at 10:55am | IP Logged | 11
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No. You're just not supposed to panic.
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Adam Hutchinson
Byrne Robotics Member
Joined: 15 December 2005
Location: United States
Posts: 4502
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| Posted: 10 October 2008 at 11:03am | IP Logged | 12
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What if I just live in a near constant state of dread? ;)
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