After closing under 10000 yesterday this should really knock it a couple of notches further. Yeah I think we need more stimulus... The only thing I think that would stimulate a lot of people right now is for Ozero to step up to the teleprompters and admit hes in way over his head and his pampered/groomed/sheltered life has left him clueless to the realities of the world and running a business..
I don't really hear people call him the Messiah anymore. I think the libbies were expecting that idiot to spew out some miracles, he! It's a freaking miracle that we are all still alive!
He turned out the be the son of Satan. well really who know's who his father is, I'm sure his mom doesn't even know that. That was a rough party she was at that night!
I think Barrack Obama is on pace for being judged by the body politic to have been a worse president than Jimmy Carter. Recall Jimmy Carter presided over a period of double digit inflation and a concurrent economic recession of significant magnitude. Additionally, Carter committed a number of foreign policy faux pas. I don't think anyone can point to a single positive thing accomplished by his administration: weak and ineffectual.
On the other hand, if the Democrats lose their two house majority in November (losing the majority in either house would suffice) they will lose much of their capacity to enact legislation unilaterally. This may put a brake on the bad stuff Democrats can accomplish -- much of which Obama gets blamed for (he at least signs these bad bills rather than vetoing them, so he is not blameless even if he does not originate these bills) -- and thus reduce the blunders Obama makes.
I think Barrack Obama is on pace for being judged by the body politic to have been a worse president than Jimmy Carter.
Why go all that far back? G.W Bush is near the bottom of the heap in the latest survey of historians on presidential leadership.
Bush received an overall ranking of 36 out of 42 former presidents—in the bottom 10.
The worst presidents, according to the survey, were James Buchanan at 42, Andrew Johnson at 41, Franklin Pierce, William Henry Harrison, Warren Harding, Millard Fillmore, George W. Bush, John Tyler, Herbert Hoover, and Rutherford B. Hayes.
I would tend to agree with the assessment. He did long term damage to this country. He presided over the largest increased in entitlements since LBJ (putting the American taxpayer on the hook for prescription drugs to retired people, a multi-trillion dollar unfunded liability). He did nothing to stop the generation of crap loans which created this disaster in the first place. He presided over the largest exportation of high paying engineering and manufacturing jobs in American history. He left a federal budget in free fall and a devastated economy with long term fatal problems. I could on forever on Bush's messups.
I will agree that Obama made the situation much worse with his Health Care Reform disaster. He obviously wants to ruin the country even faster than Bush did. However, don't imagine that massive long term damage inflicted over a decade can be fixed in a year or two. We were in for a long hard road no matter who was president after Bush.
Hussein Obama will go down as maybe THE worst ever because he's a war monger (Iraq / Afghanistan), he's put our country in debt TRILLIONS without creating a single longterm job, he's done nothing FOR the economy and his pro-muslim, pro-***** agenda is at all time highs
Why go all that far back? G.W Bush is near the bottom of the heap in the latest survey of historians on presidential leadership.
Bush received an overall ranking of 36 out of 42 former presidents—in the bottom 10.
The worst presidents, according to the survey, were James Buchanan at 42, Andrew Johnson at 41, Franklin Pierce, William Henry Harrison, Warren Harding, Millard Fillmore, George W. Bush, John Tyler, Herbert Hoover, and Rutherford B. Hayes.
I would tend to agree with the assessment. He did long term damage to this country. He presided over the largest increased in entitlements since LBJ (putting the American taxpayer on the hook for prescription drugs to retired people, a multi-trillion dollar unfunded liability). He did nothing to stop the generation of crap loans which created this disaster in the first place. He presided over the largest exportation of high paying engineering and manufacturing jobs in American history. He left a federal budget in free fall and a devastated economy with long term fatal problems. I could on forever on Bush's messups.
I will agree that Obama made the situation much worse with his Health Care Reform disaster. He obviously wants to ruin the country even faster than Bush did. However, don't imagine that massive long term damage inflicted over a decade can be fixed in a year or two. We were in for a long hard road no matter who was president after Bush.
And yet...when it comes to biggest flops and flunkies and the biggest stinks in modern times, the two that immediately
come to mind are Carter and Obama. Quite fitting...and I'd place them BELOW "Dubya" simply because he was not as inept and moronic as either of these 2 clowns.
I also blame democraps as they were the kings of oversight for FNMA and FHLMC and who reported back to anyone who'd listen, that all was well and both establishments were liquid and healthy. And if I'm not mistaken, it was democraps who mandated the crap loans to deadbeats program...both instances just quoted ARE what caused the housing bubble in the first place, and what caused it to POP in the second place. They're poison.
I would tend to agree with the assessment. He did long term damage to this country. He presided over the largest increased in entitlements since LBJ (putting the American taxpayer on the hook for prescription drugs to retired people, a multi-trillion dollar unfunded liability).
Yeah... That one has worked out horribly:
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The numbers are stark and conclusive: In 2009, the government spent $60.8 billion on the drug benefit, or far less than the annual $111.2 billion cost projected just five years ago, after the program was enacted.
The lower cost - a result of slowing demand for prescription drugs, higher use of generic drugs and fewer people signing up - has surprised even some of the law's most pessimistic critics.
"I'm perfectly willing to say I was wrong," said Robert Moffit, a senior fellow at the conservative Heritage Foundation who fought the 2003 bill as an inevitable boondoggle. "I projected these costs would go through the roof on prescription drugs. I also did not believe private plans would come and offer their wares. Frankly, I'm perfectly willing to say I was wrong."
The prescription drug program, known as Medicare Part D, was enacted at the urging of Mr. Bush, and the full drug benefit took effect in 2006.
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He did nothing to stop the generation of crap loans which created this disaster in the first place.
You mean all those loans mandated by Bill Clinton?
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He presided over the largest exportation of high paying engineering and manufacturing jobs in American history.
I'd like to see some stats on this. I recall seeing stuff posted by Fieldmouse indicating that Manufacturing was up, but that job losses were the result of increased use of automation/robotics.
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He left a federal budget in free fall and a devastated economy with long term fatal problems. I could on forever on Bush's messups.
I will agree that the spending was atrocious, particularly in the last couple of years after the Demonrats took over in Congress... Of course, the current Idiot-in-Chief has tripled the size of even Bush's worst annual deficit. So, we've gone from "messups" to complete and utter cluster..cks.
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I will agree that Obama made the situation much worse with his Health Care Reform disaster. He obviously wants to ruin the country even faster than Bush did.
I'll agree with you there. He WANTS to destroy the country, so that it can be rebuilt according HIS idiotic blueprint. Interesting that the idiot is pushing us toward a Euro-style economy, just as Europeans are recognizing the failure and moving away from it.
So much for predicting the market down today.Its up 100.. thats why I said nothing it does makes any sense now. Normal market principles arent driving it anymore.
You are looking at the current cost. Unfunded liability looks at future cost:
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The Real Debt
Here is what he said regarding the actual US debt:
"Add together the unfunded liabilities from Medicare and Social Security, and it comes to $99.2 trillion over the infinite horizon. Traditional Medicare composes about 69 percent, the new drug benefit roughly 17 percent and Social Security the remaining 14 percent."
Interested readers will notice that the new prescription drug benefit is projected to be more fiscally crushing than all of Social Security.
I hope you understand what they are saying. The cost of Bush's prescription drug benefit will eventually outstrip the cost of Social Security. What made me furious about it at the time was there was no hue and cry for it by seniors. Now seniors have an established benefit which they never earned. We will never be able to take it away from them. It was a huge step in the direction of socialized medicine. I consider it the worst presidential decision in the last 30 years. Bush with a majority Republican congress passed it.
This should be good for a 200 point drop today.
I think the libbies were expecting that idiot to spew out some miracles, he! It's a freaking miracle that we are all still alive!
well really who know's who his father is, I'm sure his mom doesn't even know that. That was a rough party she was at that night!
