re: Obama Economy 4th Worst of Any US President

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So was that fear mongering?

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Partly. It was also partly good fiscal sense. Obama spent massive sums to bail us out of what would've been a serious depression, and the recession that did occur meant much lower tax receipts and huge increases in gov't outlays for things like unemployment, food stamps, etc. to weather the crisis. Bush spent massive sums to hand out tax breaks and pay for Medicare Part D.

And, to be fair, that quote was from 08 back when the Rogoff/Reinhard model was still assumed to be accurate.

Lastly, Dems were incensed a/b Reagan's spending b/c as a PERCENTAGE of the change in public debt it represents an increase that dwarfs Obama's (190% to say 90%). Irrespective of the danger it may or may not have posed, it was psychologically appalling. So some blowback was understandable (and good politics, if not great economics).

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These types of increases in less than 8 years time is clearly dangerous

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Why is it clearly dangerous? You can't answer this question.

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We have an opportunity at the moment to borrow at insanely low rates to fund much needed infrastructure repair. We have the opportunity to invest in ourselves for peanuts.

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Agree we need to update infrastructure and the good it would do for the economy. I understand we (FED) own most of the debt, but the foreign debt is nothing to sneeze at.

Anyway, what you claim sounds interesting, you have a link to some light reading on it?

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It's not like any of them are going to call it in, even if they could.

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But if they did. The Saudis alone would hurt our economy and they could certainly afford to do it.

I agree with you that it wont likely happen, and I understand that foreign investment (in the form of debt) can be a good thing, but our economy is certainly vulnerable as has been proven in the recent past.

I find it hard to believe that Teddy Roosevelt is the 3rd worst US President. The man was a fricking legend.

Any list that gas Teddy as the third worst president is a list you can't take seriously the man single handily made the Panama canal happen which made trade easier which made America more profitable

Presidents off the top of my head that had much, much shitter economies


Literally every president up until Andrew Jackson.

Every president afterward until Woodrow Wilson

Herbert Hoover

FDR (I like him but it's true)


Jimmy Carter


Dubba 2.0

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And, to be fair, that quote was from 08 back when the Rogoff/Reinhard model was still assumed to be accurate.

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Right. I see how this works. When Democrat president blows our debt up, its time to "change" the system and how its measured. Makes perfect sense. Something tells me that if this were Year 8 of the McCain administration, and our debt levels were 104% of GDP, this system would still be highly regarded.

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Lastly, Dems were incensed a/b Reagan's spending b/c as a PERCENTAGE of the change in public debt it represents

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Right. So you are saying Democrats had every reason to be infuriated with debt during the Reagan administration, but if any conservative dares to criticize Obama then that's just fear mongering. I see how you operate.

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Why is it clearly dangerous? You can't answer this question.

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I absolutely can. The most difficult thing to do in Washington is cut spending or cut a program all together. Obama has inflated our government and our spending to unhealthy levels. As he so eloquently put it, he's added more debt than the first 43 presidents combined. And the problem is, that spending will only increase because no one in Washington is serious about cutting anything.

Now the economy is showing signs of a slow-down (from an already slow pace), and if the same level of spending continues that debt to GDP ratio will only soar that much further.

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BhamDave

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Maddow Blog

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Sure, but like I said that really didn't start on a widespread level until his second term. Obama has faced it from day one in office.

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No. He's faced no such opposition. Refusal by Congress to support a President's agenda is one thing.... what Bush faced is entirely different.

Governor Howard Dean (D- VT) said he had proof that George Bush knew that the WTC was going to be attacked prior to the attack and did nothing about it.... basically saying George Bush was responsible for September 11th.

Congresswoman Cynthia McKinney (D-GA) stated that Bush allowed the September 11th attacks to happen because he and the elder President Bush wanted to make significant financial gain in the stock market.

Congresswomen Cynthia McKinney (D-GA) also introduced articles of impeachment against President Bush, with the reason basically being that he was a murderer and a liar.

Senator Dick Durbin (D-IL) said that Bush Administration's use of Guantanamo Bay Prison was the equivalent of Nazi concentration camps.

Senators Jim McDermott (D-WA), David Bonior (D-MI), and Congressman Mike Thompson (D-CA) all traveled to Iraq in the lead-up to the Iraq War to meet with the Saddam Hussein regime.... completely defying President Bush as the US Commander in Chief. While there, they criticized President Bush on the foreign soil of our enemy.

And Nancy Pelosi (D-CA) went to Syria and met with Bashaar al Assad, and while there critized US foreign policy.

If you think Republican's refusal to vote for Obamacare or to favor things like Cap & Trade is the equivalent of Bush being called a murderer, likened to Hitler, and being subverted on foreign soil by Democrats meeting with our enemies.... then you need to get your head checked.

Give me examples of Republican Senators or Congressmen saying anything close to as vitriolic about Obama.