Re: [OT] 8 years Bush $4 trillion, 4 years Obama $5 trillion

Author: Nicholas Geti

Posted: 2012-11-01 at 22:21:38

You really have the facts ass-backwards. Mitt never promised a chicken in

every pot. It was Obama who promised something similar: a stipend to

everyone who doesn't pay taxes. He now has promised to make everyone harmed

by Sandy in New York and New Jersey whole. This will cost you and me

billions of dollars. If people are so stupid as to build an expensive house

on the sand dunes of the barrier islands, they should not get off scot free.

The Feds underwrite all flood insurance when private firms do not.

Nick Geti

----- Original Message -----

From: "lelandj" <lelandj@mail.smvfp.com>

To: "ProFox Email List" <profox@leafe.com>

Sent: Thursday, November 01, 2012 11:53 AM

Subject: Re: [OT] 8 years Bush $4 trillion, 4 years Obama $5 trillion

> 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.

>

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©2012 Nicholas Geti