Rave if you believe Romney is going to win the Presidential debate
Deputy Chief
2012/09/22 21:55:15
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Top Opinion
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apachehellfire65 2012/09/23 02:33:08Romney will have Obama stuttering when confronted with promises broken
Empty Suit is looking worried.
the rabbit hole goes deeper than you think
He really is an empty suit!
NOT a solution, when it is part of the problem!
The number that were unemployed on Obama's watch is no where near the number unemployed under Bush, so put the blame where it belongs, on the conservative economic policies that caused this recession.
Before Obama took office in Jan, 2009, unemployment was 7.6%.
Today it is 8.1% so Obama is responsible for 0.5%.
And as for a third world nation, the definition is: a nation that is a debtor nation, exports raw materials, and imports finished goods. We did meet that definition under the leadership of Reagan and have never recovered, so keep on being delusional.
“...when Reagan came into office we were the largest exporter of manufacturing goods and the largest importer of raw materials on the planet, and, the largest creditor–more people owed us money than anybody else in the world. When he left office we became the largest importer of finished goods, manufactured goods; the largest exporter of raw materials–which is kind of the definition of a third-world nation — and we’re the most in-debt of any country in the world. This is the absolute consequence of Reaganomics.”
Mitt Romney’s Plan For A Stronger Middle Class
Individual Taxes
•Make permanent, across-the-board 20 percent cut in marginal rates
•Maintain current tax rates on interest, dividends, and capital gains
•Eliminate taxes for taxpayers with AGI below $200,000 on interest, dividends, and capital gains
•Eliminate the Death Tax
•Repeal the Alternative Minimum Tax (AMT)
Corporate Taxes
•Cut the corporate rate to 25 percent
•Strengthen and make permanent the R&D tax credit
•Switch to a territorial tax system
•Repeal the corporate Alternative Minimum Tax (AMT)
That's smaller government and lower taxes for everyone. I don't think the GOP can make it any clearer for you.
Bud
YOU can not take what is posted on the internet chat rooms that are topic and opinion formatted to someone's agenda.
Understand?
It is not fact, but OPINION, and usually biased as hell toward what the subject matter is. A left wing chat room is biased toward the left and a right wing chat room is biased toward ignorance.
So, your comment about internet sites claiming Reagan to be the best president has NO credence at all!
My comment on Reagan stands. he was, in the LONG RUN, an economic failure.
“...when Reagan came into office we were the largest exporter of manufacturing goods and the largest importer of raw materials on the planet. And, the largest creditor–more people owed us money than anybody else in the world. When he left office we became the largest importer of finished goods, manufactured goods; the largest exporter of raw materials–which is kind of the definition of a third-world nation — and we’re the most in-debt of any country in the world. This is the absolute consequence of Reaganomics.”
Because we lost 12 million high paying manufacturing jobs due to relaxed rules on OUTSOURCING, and they were replaced with 12 million low paying service jobs. that is what caused the 1984 dollar to have the same buying power as the 1973 dollar. That in turn, led to greatly extended consumer credit and further loss of wealth to the middle class and the poor.
"...From 1963 to 1973, 40 percent of all new jobs in the United States were high paying, and only 20 percent were at the bottom of the scale. From 1979 to 1985 low-paying jobs accounted for 40 percent of the job growth, with high-paying jobs constituting only 10 percent."
Guess which presidents killed manufacturing jobs in the last 20 years? Their names are Reagan, Bush & Bush.
"...Newt Gingrich is off claiming, with an unflappable voice of authority, of course, that President Obama has killed manufacturing jobs for three years now. Except that, according to independent fact-checker Politifact, Newt would be wrong."
Oh but it gets better. Which presidents have increased manufacturing jobs, and which have killed them, over the past 24 years? Take a look at the list from Politifact:
Barack Obama: Increase of 157,368 manufacturing...
Because we lost 12 million high paying manufacturing jobs due to relaxed rules on OUTSOURCING, and they were replaced with 12 million low paying service jobs. that is what caused the 1984 dollar to have the same buying power as the 1973 dollar. That in turn, led to greatly extended consumer credit and further loss of wealth to the middle class and the poor.
"...From 1963 to 1973, 40 percent of all new jobs in the United States were high paying, and only 20 percent were at the bottom of the scale. From 1979 to 1985 low-paying jobs accounted for 40 percent of the job growth, with high-paying jobs constituting only 10 percent."
Guess which presidents killed manufacturing jobs in the last 20 years? Their names are Reagan, Bush & Bush.
"...Newt Gingrich is off claiming, with an unflappable voice of authority, of course, that President Obama has killed manufacturing jobs for three years now. Except that, according to independent fact-checker Politifact, Newt would be wrong."
Oh but it gets better. Which presidents have increased manufacturing jobs, and which have killed them, over the past 24 years? Take a look at the list from Politifact:
Barack Obama: Increase of 157,368 manufacturing jobs per year in office
George W. Bush: Decrease of 434,143 manufacturing jobs per year in office
Bill Clinton: Increase of 37,143 manufacturing jobs per year in office
George H.W. Bush: Decrease of 336,000 manufacturing jobs per year in office
Ronald Reagan: Increase of 1,429 manufacturing jobs per year in office
Jimmy Carter: Increase of 15,333 manufacturing jobs per year in office
Yes, since 1988, every time we've had a Republican in office we've lost manufacturing jobs, and every time we've had a Democrat we've gained them. Heck, even Jimmy Carter beat Reagan and all the rest of the Republicans. And Reagan was still far worse than any of the Democratic presidents.
71% of the national debt occurred under GOP presidents, while 28% occurred under Democratic presidents (the data wasn't clear on who created the last 1%).
GOP Presidents Dem Presidents
$9.5 trillion $3.8 trillion
Total debt is $14.3 trillion.
$1 trillion of debt comes from before Reagan
$13.3 trillion accumulated from Reagan to Obama.
71% of the $13.3 trillion was under GOP presidents.
28% of the $13.3 trillion was under Dem presidents.
(Source: NYT pieced together data from Treasury, OMB, Federal Reserve Bank of NY, and more)
PS And before anyone says "you have to look at who controlled Congress," I don't recall the Republicans worrying about that fact when they blamed Obama for the deficit and the national debt.
What's more, I also don't recall any Republican presidents vetoing the debt ceiling increase during their tenure. In fact, many of the biggest causes of the national debt were GOP presidential initiatives, such as:
* Reagan defense budgets and tax cuts
* George HW Bush gulf war
* George W Bush tax cuts, wars in Afghanistan and Iraq.
So if we really want to talk the deficit and unemployment, and which party always seems to be around when things go south, look no further than the facts.
So put the blame where it belongs and face reality!