There is one other factor of the Obama deficit that I must lay at the

feet of the Tea Party, (eg the extreme right wing of the Republican

Party). The Tea Party, to whom both Speaker John Boehner and Mitt

Romney have bowed, were hell bent on making President Obama a one term

President, and to that end they did everything in their power to run the

economy, and the American people, into the ground to create a political

environment in which they could easily attack President Obama's record.

Every effort of President Obama, and his Administration, to enact

legislation to reduce the deficit and improve the economy were

intentionally blocked by the extreme, right wing, Tea Party, who used

pretext after pretext to justify their inaction. When the economy is

doing poorly, tax revenues fall making it more difficult to find the

resources needed to stimulate the economy, and carry on the government's

business as usual.

Regards,

LelandJ

On 11/01/2012 10:06 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.

>

> Regards,

>

> LelandJ

>

>

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

>> Step away from the kool-aid Leland.

>>

>>

>> Michael Oke, II

>> 661-349-6221

>>

>> Contents of this and all messages are intended for their designated

>> recipient.

>>

>> On Nov 1, 2012, at 7:28 AM, lelandj <lelandj@mail.smvfp.com> wrote:

>>

>>> On 11/01/2012 03:54 AM, Pete Theisen wrote:

>>>> Hi Everybody,

>>>>

>>>> 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.

>>>

>>> Regards,

>>>

>>> LelandJ

>>>

>>>

[excessive quoting removed by server]

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