On 11/01/2012 10:43 AM, Pete Theisen wrote:

> On 11/01/2012 11:06 AM, lelandj wrote:

>> A lot of the Obama Deficit was due to a couple of Bush era events:

>>

>> 1) The tax policies enacted during the Bush years to lower taxes,

>> especially on the wealthiest 2% of Americans, who really didn't need the

>> gift: The tax cuts to the wealthiest 2% of Americans did little, if

>> anything, to stimulate the economy; because, the increased demand for

>> good and services in this group was much smaller proportionally, dollar

>> for dollar, than the demand created in the remaining 98% of working,

>> middle class and poor Americans.

>>

>> 2) The housing bubble created during the Bush years, which concealed

>> the true state of the USA economy: When the housing bubble burst,

>> trillions of dollars in wealth were vaporized into thin air. This

>> required President Obama, and his administration, to take immediate,

>> drastic measures, in the form of stimulus, to prevent a collapse of our

>> country, and to contain the contagion effect on the rest of the world.

>

> Hi Leland,

>

> I told you you needed drugs, and you just drank more Kool-aid.

>

> Obama's promise was specific - he said he would cut the deficit, and

> he hasn't. Not only that, the "stimulus" also went to people who

> didn't really need it - who invested in China when they didn't just

> put it in their foreign currency retirement funds, with a negative

> effect on jobs.

Yeah, and Mitt Romney's promising a chicken in every pot. How do you

think that will work out for you. LOL Politics.

#--------------------

Notable Quote:

Pittsburgh driver's test (10) Potholes are (a) extremely dangerous. (b)

patriotic. (c) the fault of the previous administration. (d) all going

to be fixed next summer. The correct answer is (b). Potholes destroy

unpatriotic, unamerican, imported cars, since the holes are larger than

the cars. If you drive a big, patriotic, American car you have nothing

to worry about. ----- Anonymous LOL

#------------------

Tia Chi Time.

Regards,

LelandJ

>

>> On 11/01/2012 09:32 AM, Michael Oke wrote:

>>> Step away from the kool-aid Leland.

>

>>>>> Video of Obama promising to cut the Bush deficit in half in his

>>>>> first term. We know what he did instead.

>>>>>

>>>>> http://www.youtube.com/watch?&v=gsa4uLmTw0M

>>>>>

>>>>> More content in it as well.

>>>> 8 years of Bush resulted in the greatest USA economic calamity since

>>>> the Great Depression of the 1930s. 4 year of Obama has turned that

>>>> around, putting the USA on a path to steady recovery with prospects

>>>> of a booming economy right around the corner.

_______________________________________________

Post Messages to: ProFox@leafe.com

Subscription Maintenance: http://mail.leafe.com/mailman/listinfo/profox

OT-free version of this list: http://mail.leafe.com/mailman/listinfo/profoxtech

Searchable Archive: http://leafe.com/archives/search/profox

This message: http://leafe.com/archives/byMID/profox/50929B02.2020808@mail.smvfp.com

** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.