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<blockquote data-quote="moreluck" data-source="post: 842217" data-attributes="member: 1246"><p><strong>Re: Obamanomics</strong></p><p></p><p><span style="font-family: 'garamond'"><span style="font-family: 'times new roman'"><span style="color: black"><span style="font-family: 'sans-serif'">"B-b-b-but it's his fault ... he started it".....a must read</span></span></span></span></p><p> <span style="font-family: 'garamond'"><span style="font-family: 'times new roman'"></span></span></p><p><span style="font-family: 'garamond'"><span style="font-family: 'times new roman'"><strong><span style="color: black"><span style="font-family: 'sans-serif'">The Washington Post babbled again today</span></span></strong><strong><span style="color: black"><span style="font-family: 'sans-serif'"> <strong><span style="font-family: 'sans-serif'">about Obama inheriting a huge deficit from Bush. Amazingly enough, a lot of people swallow this BULL.</span></strong> </span></span></strong></span></span></p><p> <span style="font-family: 'garamond'"><span style="font-family: 'times new roman'"></span></span></p><p><span style="font-family: 'garamond'"><span style="font-family: 'times new roman'"><strong><span style="font-family: 'sans-serif'"><span style="color: black">So once more, <u>a short civics lesson</u>.</span></span></strong></span></span></p><p> <span style="font-family: 'garamond'"><span style="font-family: 'times new roman'"></span></span></p><p><span style="font-family: 'garamond'"><span style="font-family: 'times new roman'"><strong><span style="font-family: 'sans-serif'"><span style="color: black"><em><span style="font-family: 'sans-serif'">Budgets do not come from the </span></em><em>White House<em><span style="font-family: 'sans-serif'">. They come from Congress and the party that controlled Congress since January 2007</span></em> <em><u><span style="font-family: 'sans-serif'">is the</span></u></em>Democratic Party<em><span style="font-family: 'sans-serif'">.</span></em></em></span></span></strong></span></span></p><p> <span style="font-family: 'garamond'"><span style="font-family: 'times new roman'"></span></span></p><p><span style="font-family: 'garamond'"><span style="font-family: 'times new roman'"><strong><span style="font-family: 'sans-serif'"><span style="color: black"><em><span style="font-family: 'sans-serif'">Furthermore, the Democrats controlled the budget process for FY 2008 and FY 2009 as well as FY 2010 and FY 2011</span></em><strong><span style="font-family: 'sans-serif'">.</span></strong></span></span></strong></span></span></p><p> <span style="font-family: 'garamond'"><span style="font-family: 'times new roman'"></span></span></p><p><span style="font-family: 'garamond'"><span style="font-family: 'times new roman'"><strong><span style="color: black"><span style="font-family: 'sans-serif'">In that first year, they had to contend with</span></span></strong><strong><span style="color: black"><span style="font-family: 'sans-serif'"> George Bush<strong><span style="font-family: 'sans-serif'">, which caused them to compromise on spending, when Bush somewhat belatedly got tough on spending increases.</span></strong></span></span></strong></span></span></p><p> <span style="font-family: 'garamond'"><span style="font-family: 'times new roman'"></span></span></p><p><span style="font-family: 'garamond'"><span style="font-family: 'times new roman'"><strong><span style="font-family: 'sans-serif'"><span style="color: black"><em><u><span style="font-family: 'sans-serif'">For FY 2009 though,</span></u></em><em>Nancy Pelosi<u> <em><span style="font-family: 'sans-serif'">and</span></em> </u>Harry Reid<u> <em><span style="font-family: 'sans-serif'">bypassed George Bush entirely</span></em></u><em><span style="font-family: 'sans-serif'">, passing continuing resolutions to keep government running until</span></em> Barack Obama <em><span style="font-family: 'sans-serif'">could take office. At that time, they passed a massive omnibus spending bill to complete the FY 2009 budgets.</span></em></em></span></span></strong></span></span></p><p> <span style="font-family: 'garamond'"><span style="font-family: 'times new roman'"></span></span></p><p><span style="font-family: 'garamond'"><span style="font-family: 'times new roman'"><strong><span style="font-family: 'sans-serif'"><span style="color: black"><strong><span style="font-family: 'sans-serif'">And where was</span></strong> <em><span style="font-family: 'sans-serif'">Barack Obama</span></em> <strong><span style="font-family: 'sans-serif'">during this time? He</span></strong> <em><span style="font-family: 'sans-serif'">was a member of that very Congress that passed all of these massive spending bills, and he signed the</span></em><em> omnibus bill <em><span style="font-family: 'sans-serif'">as President to complete FY 2009.</span></em></em> <strong><span style="font-family: 'sans-serif'">Let's remember what the deficits looked like during that period: (below)</span></strong></span></span></strong><span style="color: black"><span style="font-family: 'sans-serif'"> (wouldn't paste)</span></span></span></span></p><p> <span style="font-family: 'garamond'"><span style="font-family: 'times new roman'"></span></span></p><p> <span style="font-family: 'garamond'"><span style="font-family: 'times new roman'"></span></span></p><p><span style="font-family: 'garamond'"><span style="font-family: 'times new roman'"></span></span></p><p style="text-align: center"><span style="font-family: 'garamond'"><span style="font-family: 'times new roman'"><em><strong><span style="color: black"><span style="font-family: 'sans-serif'">If the Democrats inherited any deficit, it was the FY 2007 deficit, the last of the Republican budgets. That deficit was the lowest in five years, and the fourth straight decline in</span></span></strong></em><strong><em><span style="color: black"><span style="font-family: 'sans-serif'"> deficit spending<em><span style="font-family: 'sans-serif'">. After that, Democrats in Congress took control of spending, and that includes Barack Obama, who voted for the budgets.</span></em></span></span></em></strong></p></span></span></p><p style="text-align: center"><span style="font-family: 'garamond'"><span style="font-family: 'times new roman'"></p></span></span></p><p style="text-align: center"><span style="font-family: 'garamond'"><span style="font-family: 'times new roman'"></p></span></span></p><p style="text-align: center"><span style="font-family: 'garamond'"><span style="font-family: 'times new roman'"></p></span></span></p><p style="text-align: center"><span style="font-family: 'garamond'"><span style="font-family: 'times new roman'"><em><strong><span style="font-family: 'sans-serif'"><span style="color: black"><em><span style="font-family: 'sans-serif'">If Obama inherited anything, he inherited it from himself.</span></em></span></span></strong></em></p></span></span></p><p style="text-align: center"><span style="font-family: 'garamond'"><span style="font-family: 'times new roman'"></p></span></span></p><p style="text-align: center"><span style="font-family: 'garamond'"><span style="font-family: 'times new roman'"></p></span></span></p><p style="text-align: center"><span style="font-family: 'garamond'"><span style="font-family: 'times new roman'"></p></span></span></p><p style="text-align: center"><span style="font-family: 'garamond'"><span style="font-family: 'times new roman'"><strong><u><span style="color: black"><span style="font-family: 'sans-serif'">In a nutshell, what Obama is saying is I inherited a deficit that I voted for</span></span></u></strong></p></span></span></p><p style="text-align: center"><span style="font-family: 'garamond'"><span style="font-family: 'times new roman'"></p></span></span></p><p style="text-align: center"><span style="font-family: 'garamond'"><span style="font-family: 'times new roman'"></p></span></span></p><p style="text-align: center"><span style="font-family: 'garamond'"><span style="font-family: 'times new roman'"><strong><u><span style="color: black"><span style="font-family: 'sans-serif'">and then I voted to expand that deficit four-fold since January 20th</span></span></u></strong><strong><span style="color: black"><span style="font-family: 'sans-serif'">.</span></span></strong></p><p></span></span></p><p> <span style="font-family: 'garamond'"><span style="font-family: 'times new roman'"></span></span></p><p> <span style="font-family: 'garamond'"><span style="font-family: 'times new roman'"></span></span></p><p> <span style="font-family: 'garamond'"><span style="font-family: 'times new roman'"></span></span></p><p> <span style="font-family: 'garamond'"><span style="font-family: 'times new roman'"></span></span></p><p> <span style="font-family: 'garamond'"><span style="font-family: 'times new roman'"></span></span></p><p> <span style="font-family: 'garamond'"><span style="font-family: 'times new roman'"></span></span></p><p><span style="font-family: 'garamond'"><span style="font-family: 'times new roman'"></span></span></p><p><span style="font-family: 'garamond'"></span></p></blockquote><p></p>
[QUOTE="moreluck, post: 842217, member: 1246"] [b]Re: Obamanomics[/b] [FONT=garamond][FONT=times new roman][COLOR=black][FONT=sans-serif]"B-b-b-but it's his fault ... he started it".....a must read[/FONT][/COLOR] [B][COLOR=black][FONT=sans-serif]The Washington Post babbled again today[/FONT][/COLOR][/B][B][COLOR=black][FONT=sans-serif] [B][FONT=sans-serif]about Obama inheriting a huge deficit from Bush. Amazingly enough, a lot of people swallow this BULL.[/FONT][/B] [/FONT][/COLOR][/B] [B][FONT=sans-serif][COLOR=black]So once more, [U]a short civics lesson[/U].[/COLOR][/FONT][/B] [B][FONT=sans-serif][COLOR=black][I][FONT=sans-serif]Budgets do not come from the [/FONT][/I][I]White House[I][FONT=sans-serif]. They come from Congress and the party that controlled Congress since January 2007[/FONT][/I] [I][U][FONT=sans-serif]is the[/FONT][/U][/I]Democratic Party[I][FONT=sans-serif].[/FONT][/I][/I][/COLOR][/FONT][/B] [B][FONT=sans-serif][COLOR=black][I][FONT=sans-serif]Furthermore, the Democrats controlled the budget process for FY 2008 and FY 2009 as well as FY 2010 and FY 2011[/FONT][/I][B][FONT=sans-serif].[/FONT][/B][/COLOR][/FONT][/B] [B][COLOR=black][FONT=sans-serif]In that first year, they had to contend with[/FONT][/COLOR][/B][B][COLOR=black][FONT=sans-serif] George Bush[B][FONT=sans-serif], which caused them to compromise on spending, when Bush somewhat belatedly got tough on spending increases.[/FONT][/B][/FONT][/COLOR][/B] [B][FONT=sans-serif][COLOR=black][I][U][FONT=sans-serif]For FY 2009 though,[/FONT][/U][/I][I]Nancy Pelosi[U] [I][FONT=sans-serif]and[/FONT][/I] [/U]Harry Reid[U] [I][FONT=sans-serif]bypassed George Bush entirely[/FONT][/I][/U][I][FONT=sans-serif], passing continuing resolutions to keep government running until[/FONT][/I] Barack Obama [I][FONT=sans-serif]could take office. At that time, they passed a massive omnibus spending bill to complete the FY 2009 budgets.[/FONT][/I][/I][/COLOR][/FONT][/B] [B][FONT=sans-serif][COLOR=black][B][FONT=sans-serif]And where was[/FONT][/B] [I][FONT=sans-serif]Barack Obama[/FONT][/I] [B][FONT=sans-serif]during this time? He[/FONT][/B] [I][FONT=sans-serif]was a member of that very Congress that passed all of these massive spending bills, and he signed the[/FONT][/I][I] omnibus bill [I][FONT=sans-serif]as President to complete FY 2009.[/FONT][/I][/I] [B][FONT=sans-serif]Let's remember what the deficits looked like during that period: (below)[/FONT][/B][/COLOR][/FONT][/B][COLOR=black][FONT=sans-serif] (wouldn't paste)[/FONT][/COLOR] [CENTER][I][B][COLOR=black][FONT=sans-serif]If the Democrats inherited any deficit, it was the FY 2007 deficit, the last of the Republican budgets. That deficit was the lowest in five years, and the fourth straight decline in[/FONT][/COLOR][/B][/I][B][I][COLOR=black][FONT=sans-serif] deficit spending[I][FONT=sans-serif]. After that, Democrats in Congress took control of spending, and that includes Barack Obama, who voted for the budgets.[/FONT][/I][/FONT][/COLOR][/I][/B] [I][B][FONT=sans-serif][COLOR=black][I][FONT=sans-serif]If Obama inherited anything, he inherited it from himself.[/FONT][/I][/COLOR][/FONT][/B][/I] [B][U][COLOR=black][FONT=sans-serif]In a nutshell, what Obama is saying is I inherited a deficit that I voted for[/FONT][/COLOR][/U][/B] [B][U][COLOR=black][FONT=sans-serif]and then I voted to expand that deficit four-fold since January 20th[/FONT][/COLOR][/U][/B][B][COLOR=black][FONT=sans-serif].[/FONT][/COLOR][/B][/CENTER] [/FONT] [/FONT] [/QUOTE]
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