New study confirms economy was destroyed by Democrat policies

Whether or not we are "better off today" is a red herring. The point of contention, Grasshoppa, is the fraudulent claim that the economy "was destroyed by democratic policies." The economy was NOT "destroyed," because it continued to operate. FYI:

[QUOTE]
de·stroy [dih-stroi] Show IPA
verb (used with object)
1. to reduce (an object) to useless fragments, a useless form, or remains, as by rending, burning, or dissolving; injure beyond repair or renewal; demolish; ruin; annihilate.
2. to put an end to; extinguish.
3. to kill; slay.
4. to render ineffective or useless; nullify; neutralize; invalidate.
5. to defeat completely.
[END QUOTE http://dictionary.reference.c... ]

You can't make up your own definitions to fit your propaganda purposes, Grasshoppa! People are increasingly aware of this intellectual dishonesty. Such rhetorical deception was highlighted in the story of Alice's adventures in "Through The Looking-Glass,"

"When I use a word," Humpty Dumpty said in rather a scornful tone. "It means just what I choose it to mean - neither more or less."
"The question is," said Alice, "whether you can make words mean so many different things."
"The question is," said Humpty Dumpty, "which is to be master - that's all."
- Lewis Carroll, English author & recreational mathematician (1832 - 1898)

Jumping to conclusions seems to be quite common in the fantasyland of the right-wing blogosphere. Such conclusions are drawn despite other likely explanations for the evidence presented. In the world of disinformation, speculation is misrepresented as fact.

When asked to substantiate their conclusions, we may encounter bluster, red herrings, and ad hominem attacks more often than rational, focused answers. Military Intelligence students are quickly disabused of such behavior, and learn the value of supporting every conclusion they proffer. Researchers at the Rand Corporation and other highly regarded research institutions often come from such rigorous backgrounds, where conclusions are based on empirical evidence, rather than wishful thinking. It's a pity that blogosphere researchers and commentators are not held to similar high standards of accuracy.

"Whoever is careless with the truth in small matters cannot be trusted with important matters." - Albert Einstein

LMAO.... WOW... That was one of the best cherry picking I seen lately

Deregulation led to current bank collapse witch lead to recession banks collapse under Bush I can see how that would be the Democrats fault. TARP (bank bailout) is passed under Bush administration but is can see how that was Obama’s fault in side the conservative bubble.

Ronald Reagan started the whole DEREGULATION OF THE SAVINGS & LOAN INDUSTRY and when he did, JOHN MCCAIN GOT HIS VERY OWN KEATING-5 SCANDAL TO SAY, “Thankya Ronnie!”.
(Baby conservatives Goggle John McCain and S&L; Scandal to see how the Democrats were responsible for McCain in the 80s was taking donations (Bribes)

Baby Conservatives only hear how His Majesty Reagan was the Greatest President ever! Conservatives that were around then also have amnesia when it comes to His Royal Highness. Conservatives also sell the idea that past presidents like Bush Jr have no affect on us today. In there scenario the second the new president takes office (as long as it’s a democrat) the last guy has nothing to do with anything that has or will happen, example on sep 11 2001 it took only days after attack to blame it on Clinton??? but the collapse of the banks that happened in the last months of eight years of Bush. WELL YOU SEE BUSH HAD NOTHING TO DO WITH THE AFTER AFFECTS OF THE COLLAPS ???? Sorry I know we are not allowed to mentions Jr's name, he is in the tea baggy witness protection.

What Caused the Savings and Loans Crisis?: of the 1980 (it was a warring ignored)
Savings and Loans were specialized banks that used low-interest, but Federally-insured, deposits in savings accounts to fund mortgages. In the 1980's, the popularity of money market accounts reduced the attractiveness of savings accounts, so the banks asked Congress to remove restrictions. In 1982,
In an attempt to raise capital, banks invested in Speculative real estate and commercial loans. (Sound familiar) Between 1982 and 1985, these assets increased 56%. In Texas, 40 S&L;'s tripled in size, some growing 100% each year.
By 1983, 35% of the country's S&L;'s weren't profitable, and 9% were technically bankrupt.

By 1989, Congress and the president knew they needed to bail out the industry. agreed on a taxpayer-financed bailout measure known as the FIRREA provided $50 billion to close failed banks and stop further losses.

How Much Did the Savings and Loans Crisis Cost?:

Between 1986-1995, over 1,000 banks with total assets of over $500 billion failed. By 1999, the Crisis cost $153 billion, with taxpayers footing the bill for $124 billion, and the S&L; industry paying the rest.

Recap Reagan deregulates the savings and loan industry it collapses due to greed and bad investment allowed to be made because of the deregulation- tax payers bail out savings and loan. His Majesty was never blamed instead they blame the Democrats... Sound Familiar

In the autumn of 1929, a frenzied decade of stock speculation came to a dramatic conclusion when companies on the New York Stock Exchange lost roughly 40 percent of their value in a two-month period. At the time, only two percent of Americans held equity positions in public companies.

From the time FDR put regulation on the banks there were few to no collapses and when there were the depositors were protected because of FDR then enter the stage His Royal Highness Ronald Reagan and deregulation was all the rage, you see conservatives still cant bring themselves to realize it was Reagan that was most responsible for the collapse of the banks greed mongers on wall street ...Fine we need greed mongers but the greed mongers need rules and a leash to protect the American people from there greed.

When you hear “Savings & Loan Scandal” when you think of collaps of the banks and wall street in 2008 think: REPUBLICAN ORIGINATED SCANDAL. Thank you. When you hear the republicans complaining that it’s not their party who is to blame and how it’s the Democrats fault instead, just laugh and point at them!



Sources:
susmitkumar.net/index
charlestoncitypaper.com/charl...
whitenoiseinsanity.com/2008/0...