Monday May 28, 2012

Congress, White House agree on $790 bil economic stimulus bill

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  • 0

    yabits

    As if to underscore the urgency, he said a few hours before the agreement was announced that machinery giant Caterpillar Inc plans to rescind some of the 22,000 layoffs the firm recently announced — once the stimulus is signed into law.

    Now, there is change to believe in! Just how many jobs is another thing, but all of those infrastructure projects are going to need heavy equipment, most of it Made In The USA.

  • 0

    yabits

    Republicans, too, took note of the size of the bill, and they said it included billions that would be wasted.

    And we should take careful note because they are experts on waste.

  • 0

    Badsey

    Well I hope all the DemoGods got the pork they needed to satisfy their hunger. Does seem better than the 1-2 Trillion bank bailout. I have never seen Democrats so happy before --> these are scary times.

  • 0

    adaydream

    So the democratic president and congress put together a $879Billion rescue poackage to get the country back on their feet, recover from emence debt and get middle America working again.

    Remember the republican congress and president when they gave away $4Trillion to the richest 1% of the country.

    Irony. < :-)

  • 0

    SushiSake3

    Yabits - "And we should take careful note because they are experts on waste."

    LOL :-)

    It's so good to see new faces running the White House after the previous ruling party ran the U.S. economy off the cliff.

  • 0

    Altria

    It also preserves Obama’s signature tax cut — a break for millions of lower and middle income taxpayers, including those who don’t earn enough to pay income taxes.

    Hey, I voted for Obama because he was going to hike my taxes! This is an outrage!!!!

  • 0

    VOR

    tick tock, the clock is now ticking on the Obama economy. Less than two years for the economy to turn around before the mid term elections and less than 3 years before the republican presidential candidates cease the opportunity to show the damage caused by this democratic owned folly.

    if you think this increased debt is going to fix the economy you have nothing to worry about.

  • 0

    yabits

    tick tock, the clock is now ticking on the Obama economy.

    Yes, three weeks and ticking. It took only that long for President Obama to get this major piece of legislation through the Congress. Masterful.

    Nobody expects the mess that the Republican leadership handed over to be corrected in two years. So you may continue to pray that the president fails in the meantime.

  • 0

    whyamiinjapan

    Palin says . . . who cares what she says!

  • 0

    VOR

    Nobody expects the mess that the Republican leadership handed over to be corrected in two years.

    thats what I thought, no one has confidence that Obama can fix the economy, even the people comfortable with giving him a blank check.

    well just have to see how things develop. it will probably get worse before it gets better. nov 2010 will be a vote against socialism in America.

  • 0

    Nessie

    Paying themselves with money they don't have, because they realize they have no money. Yeah, that'll work.

  • 0

    wuzzademcrat

    What confidence the Dems inspire.

    Rasmussen polls:

    "...67% of U.S. voters have more confidence in their own judgment than they do in the average member of Congress....

    ...Forty-four percent (44%) voters also think a group of people selected at random from the phone book would do a better job addressing the nation’s problems than the current Congress..."

    http://www.rasmussenreports.com/publiccontent/politics/generalpolitics2/67saytheycoulddoabetterjobontheeconomythancongress

  • 0

    adaydream

    Within 18 months you'll see a marked turn around. Oh, things won't be okie-dokie far from it, but the stimulus package will have started the and we will have started seeing employment numbers going up and buying will have started.

    We'll be on our way back from the brink. < :-)

  • 0

    SushiSake3

    VOR - "thats what I thought, no one has confidence that Obama can fix the economy."

    After the wuzzademcrat/Sarge-sponsored wrecking ball bush and co. put through it, you might be right.

  • 0

    SushiSake3

    DEAR WORLD:

    We, the United States of America, your top quality supplier of the ideals of democracy, would like to apologize for our 2001-2008 interruption in service. The technical fault that led to this eight-year service outage has been located, and the software responsible was replaced on November 4.
    Early tests of the newly installed programme indicate that we are now operating correctly, and we expect it to be fully functional after January 20. We apologize for any inconvenience caused by the outage. We look forward to resuming full service and hope to improve in years to come. We thank you for your patience and understanding,

    Sincerely,

    THE UNITED STATES OF AMERICA

  • 0

    wuzzademcrat

    The audacity of lies and secrets: Dems locked Republicans out of a special midnight session in which another couple hundred billion in pork is to be added to this monstrosity.

    "They intend to attempt to shove this $1.3 trillion spending bill through in the dead of the night without Republican input so floor action can take place in both chambers on Thursday."

    http://www.humanevents.com/article.php?id=30667

    So much for partisanship.

    So much for Obama's campaign b.s. and the brazen, bald-faced lies still up on their website:

    "...End the Practice of Writing Legislation Behind Closed Doors: As president, Barack Obama will restore the American people's trust in their government by making government more open and transparent. Obama will work to reform congressional rules to require all legislative sessions, including committee mark-ups and conference committees, to be conducted in public." http://change.gov/agenda/ethics_agenda/

    It is and always was all about power with these people.

  • 0

    adaydream

    Politico doesn't say anything about there being no republicans at the late night meeting. Sounds like Collins got what she wanted at that conference meeting. < :-)

    http://www.politico.com/news/stories/0209/18725.html

  • 0

    SushiSake3

    wuzza - "They intend to attempt to shove this $1.3 trillion spending bill through in the dead of the night without Republican input."

    Who knows what Republican input may have done? We are talking about the party that held the levers of power as America led the world into the worst recession in 70 years.

    The GOP has thankfully been trashed, and the people who trashed it were.....Republicans and their supporters.

    Just desserts if you ask me, which you didn't. :-)

    wuzza - "So much for Obama's campaign b.s. and the brazen, bald-faced lies still up on their website"

    Sure seems like you're still hurting after McCain got thrashed.

  • 0

    SushiSake3

    adaydream - If I had the choice of believing Polito or wuzzademcrat, I think I'd have to go with wuzzademcrat every time because he uses more exclamation marks --> !!

  • 0

    SushiSake3

    wuzza - wisecracks aside, the party you backed deservedly got their useless anti-American hides thrashed on November 4th.

    That's the only thing that matters at this stage.

    Get back to us in 4 years. And please pick Sarah Palin as your candidate to ensure the Democrats get 4 more years. :-)

  • 0

    wuzzademcrat

    "wuzza - wisecracks aside, the party you backed deservedly got their useless anti-American hides thrashed on November 4th."

    Anti-American? LOL. That's what comes to mind when you see Obama supporters desecrating the flag?

    Even "libs" admit they are less patriotic than Republicans. They also acknowledge that they are less generous, and even less happy.

    Their (your) problem, not mine.

    Republicans lost after 8 years in office, as is the historical case, the exception being Bush sr's election, which of course was really just the US public - and the world no doubt - begging for a third Reagan term.

  • 0

    skipthesong

    scary! as I read many of these posts here, I have come to one conclusion and that is many here are very happy with just one party being in charge - be it either the repubs or dems.

    The only help we have can get is having a third party enter.

  • 0

    wuzzademcrat

    "scary! as I read many of these posts here, I have come to one conclusion and that is many here are very happy with just one party being in charge - be it either the repubs or dems."

    I'm ok with some of the Blue Dogs, and I have met many a Wyoming or Montana Dem that I'd trust before a California country club Republican, but on the whole I just don't recognize the Pelosis, or the Reids, or the Obamas as being remotely like the Dems I knew and even voted for growing up.

  • 0

    adaydream

    There's a difference between fanaticism and patriotism. Democrats are patriotic. < :-)

  • 0

    SushiSake3

    wuzza - "Anti-American? LOL. That's what comes to mind when you see Obama supporters desecrating the flag?"

    Wasn't that a smart alec comment from Republican SuperIdol Rush Limbaugh?

    :-)

    I'm calling out Republicans for being 'anti-American' because they burnt up $6 TRILLION, stupidly started a war for no reason, made America less-safe, introduced tax cuts that rewarded the rich, went backwards on the environment, and to cap it all off, drove the U.S. economy off the cliff causing the worst global economic downturn in 70 years.

    Sorry if your blind devotion to the aimless, leaderless, washed-up GOP party stops you from seeing this. :-)

  • 0

    SushiSake3

    Skip - "The only help we have can get is having a third party enter."

    At the end of the day, you are right.

    The question is when and how would a credible third party materialize? Where do you see it coming from? Independants?

  • 0

    Sarge

    "Democrats are patriotic"

    Some are, like Joe Lieberman, who supported McCain.

  • 0

    skipthesong

    sushi, I am not conservative, nor am I liberal. I consider myself somewhere in between. There are things I am conservative about and others I am liberal about. I would like to have a party like that some day.

    This bill leaves me puzzled. The media and the masses have eaten up that this bill is written up to get the US back on tract but so much of it has nothing to do with anything that makes any sense.

    And you, your only defense is bring up Bush... man, are we looking forward or backwards? The issue is the current mess and how to get out of it. I don't want to hear comparisons and such quips as "well, at least x is better than z".

    So little of this bill relates to the economy at hand but you have such blind followers here and giving yet another president carte blance.

  • 0

    Sarge

    The federal deficit has been pretty much out of control since the Carter years. Neither the Republicans nor the Democrats have been able or willing to curtail government spending.

    Sushi: "a credible third party"

    How about the Sarge Party? Here's the Sarge Party platform:

    No spending beyond what the government takes in taxes

    No spending on frivolous boondoggles, like these bailouts and President Obama's porkulus plan.

    A chicken in every pot, unless you don't like chicken.

  • 0

    wuzzademcrat

    sushisake:"Wasn't that a smart alec comment from Republican SuperIdol Rush Limbaugh?"

    You tell me, dittohead. Limbaugh is not on air in Japan. Is he carried in Australia? Do you enjoy his show?

    When I say I see Dems desecrating the flag it means I can come here with photographic proof, unlike you or smith.

  • 0

    wuzzademcrat

    "The media and the masses have eaten up that this bill is written up to get the US back on tract but so much of it has nothing to do with anything that makes any sense."

    The masses haven't eaten up what the media is trying to force feed them. See my first post today. Rasmussen polls might surprise you.

  • 0

    SuperLib

    I do get a kick out of it when I see Sushi use "we" and "America" in the same sentence. ;)

  • 0

    smithinjapan

    sushisake: And you can't forget that under 8 years of bush, anyone who was not 'with them was against them', and wuzza (under a couple of different handles), and more than a few others accused everyone who didn't support GWB as 'anti-American socialists', and even called people AQ supporters for not siding with bush.

    So now that they are against their Commander in Chief? Either Americans who didn't support bush were NOT anti-Americans at all, or else they are anti-Americans themselves now.

    Of course, we could get into the other reasons why wuzzademcrat is anti-American (wants to create enemies to destroy his country, wants to sell the country off in pieces, etc.), but just want to point out the obvious hypocrisy first.

  • 0

    wuzzademcrat

    I'm with Obama when he talks about the black community - fathers in particular - taking more responsible for their own welfare.

    It's good to hear him talk up education. Far too many young black males in America have role models who are little more than thugs with microphones.

    Maybe one day the media will get around to doing stories on the tens or even hundreds of thousands of bright, ambitious young black high schoolers in America who, since Novemebr or so, are no longer being harassed and even beaten up for "talking white".

    And I'm with him on continuing rendition flights. He's smooth, he done learned well from Bill Clinton, who has taught him how to best dupe the craven Euro and Canadian critics of the war on terror.

    I'm with Obama on his decision to keep Bush appointee William Gates.

    I'm against the "Buy American" protectionism, but if it weakens the Canadian Left - as I suspect it will - I could be persuaded to selectively amend my views.

  • 0

    smithinjapan

    SuperLib: "I do get a kick out of it when I see Sushi use "we" and "America" in the same sentence. ;)"

    No kidding, eh, SuperLib? With you guys on here it would be more apt to use 'chickenhawks' than 'war', or at least to qualify that you would never go there yourselves (with exception perhaps to sailwind).

    Just poking fun at you, mate. Truth can sting, though.

    Anyway, you guys are all just sore that you took such an extreme beating at the elections, and now you're forced to live with choices you may not agree, rather than admiring a president who forces his will on an unwanting majority.

    You guys, in short, need to grow up a little and be productive to the conversation, lest we show over and over how easy it is to point out your hypocrisy (not you necessarily) and the simple sour grapes you're all munching on.

  • 0

    smithinjapan

    "I'm against the "Buy American" protectionism, but if it weakens the Canadian Left - as I suspect it will - I could be persuaded to selectively amend my views."

    All 'buy American' is going to do, if foolishly passed through, is give what seems like a boost in jobs/sales in the US, and after that fleeting moment passes you'll either have to lower tariffs again and be swamped with cheap goods destroying any progress made towards the latter, etc. Trust me, 'Buy America" will destroy 'America', and nothing else. A few companies will profit immensely while everything else goes down the toilet.

  • 0

    smithinjapan

    The 'either' should not be in the second line, thank you.

  • 0

    skipthesong

    Trust me, 'Buy America" will destroy 'America', and nothing else. A few companies will profit immensely while everything else goes down the toilet."

    absolutely correct.

    but when saying the "buy American" is foolish, hey man, just about every other countr4y in the world will always put their products up front before they buy from another.

  • 0

    VOR

    The Obuma tax break amounts to 13 dollars a week or $1.86 a day. Is that the change Obama wants us to believe in?

    Foolish democrats. They've cooked their own goose and don't even know it. Once the details of this pork package comes out, the hardworking Americans of the country will be outraged.

    When this pork dries up and the donks come back for trillions more because it didn't "jump start" the economy (obama's words, not mine) taxpayers will be incensed.

    tick tock tick tock, the clock is ticking. the economy has less than two years before the midterm elections.

  • 0

    smithinjapan

    skipthesong: "but when saying the "buy American" is foolish, hey man, just about every other countr4y in the world will always put their products up front before they buy from another."

    Don't I know it! Japan is a pretty good example of a country where the citizens are silly enough to pay 5 times as much for something (mislabelled, to boot) Japan-made en masse because their government tells them to do so without having any laws. Hahaha. At least with foods, anyway.

    I'm not at all suggesting the US shouldn't be proud of its products, nor other countries, but with unions and everything in the US, the money doesn't go directly into the country, but to those industries, and with a sharp increase in the cost of things easily accessible elsewhere for less, everyone suffers.

  • 0

    smithinjapan

    VOR: "When this pork dries up and the donks come back for trillions more because it didn't "jump start" the economy (obama's words, not mine) taxpayers will be incensed."

    Sorry, VOR, but can you specify under whose presidency the economy collapsed again? Oh, but yeah, after only a few weeks in office this whole thing is Obama's fault, right? So before you start going on about who is 'coming back for more' (like the banks who got money from bush they don't need to be accountable for), please don't forget that because of your past president, his mismanagement, and his complete ignoring of the warnings of what was coming we are where we are now. It's YOU guys who have cooked everyone's goose. Whether or not Obama uses a baster to keep it from drying up or not remains to be seen.

  • 0

    smithinjapan

    Again, though, it's just a bunch of bitter children here on the right who are still riled up about the extreme whipping they took in the senate, congress, and for the White House. Come on back in a few years and if things are still as bad and Obama has reneged on all his promises, I'll gladly join in on the chants of how terrible he his. For now, he deserves at least a year in office before you request he be tarred and feathered. I mean, you guys STILL defend the last guy after he was in destroying the country for eight years!

    Anyway, stop being such babies.

  • 0

    adaydream

    I love how the republicans cry about how the Obama has put the country in a total downspin due to the $790Billion to fix what george bush and the republicans did to the country.

    There's a real simple solution. Give back the $4Trillion that george bush gave away. Put it back in the treasury.

    We would have a surplus to fix what the republicans have done to destroy the country's treasury and fix our financial situations.

    But until then, we'll have to do it the way that congress has decided on and appreciate the fact that Barack Obama is president and not John McCain. < :-)

  • 0

    smithinjapan

    adaydream: "There's a real simple solution. Give back the $4Trillion that george bush gave away. Put it back in the treasury."

    I like that idea a lot. Hey all you naysayers out there, what do you think? Good idea? or is it that you support bush's utter waste of $4 Trillion to get you where you are now, but are just misdirecting your anger and shaking your little fists at Obama because to do so and be angry at the REAL cause (ie. your former Chief) would be to admit you were and are wrong. You'll notice that's a period and not a question mark at the end.

  • 0

    VOR

    smith; go ahead stay fixated on George Bush while i tear Obama and the Democrats to shreds. Its only been a month since Bush left the oval office and he's already a forgotten man, its going to take a monumental effort to keep blaming George Bush for the next two years. American people voted Obama in on his promise of change and nothing of the sort has happened. In fact, it is more government overspending under a different name. Two years from now when the economy is spinning out of control because this stimulus package put us in further debt and contained relatively no stimulus at all, voters are going to hold Obama and his den of thieves responsible. tick tock tick tock, the socialist moment in the sun will be brief.

  • 0

    Molenir

    The second the "Porkulus" bill passes. This recession will cease to be Bush's, and become Obamas. The economy would be better off without the stimulus, then it would if this thing passes.

  • 0

    Good_Jorb

    tick tock tick tock, the socialist moment in the sun will be brief.

    That would mean Bush's idea and the Republican/Democrat congress members that voted for socialization of the capital markets would be a wasted legacy. All the TARP(welfare) money wasted saving companies run by the greatest minds of capitalism. Who is going to replace Obama, the capitalist that ran to Bush bagging for welfare handouts(A supposed tenant of socialism)?

  • 0

    VOR

    The Congressional Budget Office and most of the nation's top economist agree with that line of thinking Molenir. Only the rabid anti Bush crowd can't see through the lies and their own hysteria.

    Obama and the Decomcrats came into power propped up by a dishonest media and the ignorance of a population. The truth always prevails and Obama and the democrats will be revealed as frauds soon enough.

  • 0

    yabits

    Obama and the Decomcrats came into power propped up by a dishonest media and the ignorance of a population.

    You mean the population that accepted George W. Bush for two full terms? Who expect everything to turn around after three weeks of a new president's taking office? Who actually think that people will put the blame for the recession on Obama the moment the stimulus bill is signed?

    Yes, I will grant you your point. You and others prove daily that there are indeed a lot of ignorant people out there.

  • 0

    VOR

    Good Jorb, I am not opposed to the Federal Government taking proper steps to make the adjustments necessary to prevent a total collapse of the free market system. There are some instances where intervention is necessary.

    TARP was supposed to buy troubled assets and instead 350b was used as capital injections which was wrong and proven to be a waste.

    The government was obligated to prop up the financial institutions after years of supporting bad lending by Freddie Mae and Fannie Mac (Quasi governmental institutions invented and protected by the democrats).

    Obama had a chance to talk the talk and walk the walk with this stimulus package but failed miserably. Instead of getting stimulus we got pork, lots of it, greasy fatty Democratic sponsored pork.

    Maybe we'll get a little kick, but then the bottom is going to fall out. Just in time for the mid term elections. The Democrats just snatched defeat out of the jaws of victory to America and the world's economic peril.

  • 0

    VOR

    yabits, no one is expecting a miracle from Obama. Americans are expecting its government to be fiscally responsible. They voted in Obama thinking he would put America first but he has just proven he is no different than any other politician. When he signs his name to this legislation the economy becomes his. What George Bush did or didn't will only matter to the left wing fringe of the democratic party. The mess this creates will come back to haunt him, harry reid and grandma pelosi in time for the mid term elections. tick tock.

  • 0

    Good_Jorb

    Obama and the Decomcrats came into power propped up by a dishonest media and the ignorance of a population. The truth always prevails and Obama and the democrats will be revealed as frauds soon enough.

    Are saying that a majority of Americans are ignorant?

    Quasi governmental institutions invented and protected by the democrats

    GWB and Republican congress didn't do anything about it, which can only point to one thing, Republicans are/were as clueless democrats.

    The Democrats just snatched defeat out of the jaws of victory to America and the world's economic peril.

    From whom? Equally clueless Republicans?

  • 0

    VOR

    I am saying the media is dishonest and there are a lot of Americans who form ignorant points of view and false sense of hope from that constant stream of leftist dishonesty.

    GWB attempts at fixing Fannie and Freddie were rebuffed by the Democrats.

    Both political parties have let the American people down. Which one rises to the occasion is what matters most. Democrats are showing they are not the party of change giving the Republicans a chance to rise from the ashes.

  • 0

    TokyoHustla

    Yet again, we see the American economy in bad shape with a Democrat president. This is hardly surprising. The seeds of this crisis were planted by FDR, and continued by Kennedy, LBJ, Carter and Clinton. This next democrat in the white house will only make things worse, by pushing for bad-business democrat policies.

    The American people need to break the will of the liberal/national socialist (buy American) democrat party and vote with reason in 2010. This is the first step in taking America back from the "Blame America First" Democrat Party. We must win. We will win. We will make America great again with Huckabee, Palin and Joe the plumbers from across America. The working class is solid Republican, always has been and forever will be. We do not need union thugs telling us what is right.

    The democrat party is no better than union thugs. That is what they aim to be. My workplace is run by me, a republican, and we will not tolerate union thugs.

  • 0

    VOR

    well anyway, sweeping accusations and assertions are tools of the fringe elements mostly of the left but on occasion we get some of that from the right. tighten it up and speak factually or be mistaken for fake.

  • 0

    Molenir

    GWB attempts at fixing Fannie and Freddie were rebuffed by the Democrats.

    While there is some truth to this, I wouldn't agree with the statement. While the problems started under Clinton, Bush had plenty of time to act on this before it became an issue. He failed to do so. For that I blame him. Having said that though, Obama had a choice here. He could have pushed a stimulus package that would help the economy. He chose not to however. Instead under the guise of the emergency, he is arranging to have passed, the biggest, pork filled spending bill, outside the annual budget, in history. Its basically 100 billion of so called tax relief, and 700 billion dollars of nothing but various pork projects, that will do little or nothing to stimulate the economy. Don't believe me? Read it for yourself. Transcripts are available online.

  • 0

    VOR

    GWB did make an attempt and the Democrats intimidated the already lame duck by playing the race card. The lack of Republican leadership does share some of the blame. They should have made their case to the American people.

  • 0

    adaydream

    VOR

    sweeping accusations and assertions are tools of the fringe elements mostly of the left

    Wow and republicans don't do the exact same things, B/S.

    But it's alright. The democrats won, both congress and the presidency because_______________?

    Answer, Americans were tired of the way the country wsas running and wanted change.

    If Americans had wanted the same crap they would have voted John McCain to be their president. Didn't happen, why?

    Answer, Americans were tired of republican lieing and the way they ran the government.

    The majority of Americans want to be led by a democratic president vice a republican president and in two years you can assess what the results are then. But right now, you'll just have to sit on the side lines and just watch. < :-)

  • 0

    VOR

    daydream, thanks for the reminder; tailoring someone eles's statement to fit their own argument is also a typical tool of the left. It is as dishonest as the day is long.

    now onto combating your imbecilic nonsense.

    Yes America wanted change but they are not getting it. Obama and the D'rats are being just as fiscally irresponsible as the last administration and congress.

    I didn't vote for McCain but sort of wish I had. I don't think we would have seen this much pork in his stimulis package and there would have been a showdown between him and the big spenders in congress and finally a new change in direction.

    The majority of the people want to be led by people who do not constantly lie to them. They want fiscally responsible people who put their country ahead of their own political power. Thats what they thought they were getting, but the shine has already started to come off. tick tock. mid term elections are less than two years away.

  • 0

    adaydream

    That's your opinion.

    Oh and you have never tailored someone else's statements. And you're just as unblemished as the driven snow. Aw-w-w-w-w....

    Your vote wouldn't have gotten McCain voted anyway, but I can tell by your posts that you would be a fervent McCain supporter and that's just fine.

    We saw how John McCain ran back to Washington to fix the economy and sat in the fiscal meetings and said not a single word. When asked a question he begged off to one of his hinchmen. He knew nothing about the economy.

    In two years check back with me. < :-)

  • 0

    Good_Jorb

    GWB attempts at fixing Fannie and Freddie were rebuffed by the Democrats.

    The 108th Congress (2003~2005) was a republican majority, as well the Senate was a small republican majority. Bush, Congress and the senate could have pushed through a bill.

    Democrats are showing they are not the party of change giving the Republicans a chance to rise from the ashes.

    If the Democrats fail, how would the Republicans fix a problem that couldn't fix for the previous 8 years?

    I am saying the media is dishonest and there are a lot of Americans who form ignorant points of view and false sense of hope from that constant stream of leftist dishonesty.

    So a majority(or some percentage there of) of voting Americans (57,388,144 or 52%) were unable to discern fact from fiction. A scary concept but perhaps not to far from the truth.

  • 0

    adaydream

    The top 25 people to blame for the economy.

    http://www.time.com/time/specials/packages/article/0,28804,1877351_1878509,00.html

    I blame first Phil Gramm and then george bush. Take a look at the list. < :-)

  • 0

    Sarge

    adaydream - I took a look at the list, heh, I wonder how Fannie Mae's Jim Johnson escaped Time's list. Must be because he was an Obama supporter. George W. Bush gets more of the blame than Jim Johnson? Ha ha ha ha ha!

  • 0

    VOR

    Time magazine lost all and any credibility years ago. Of course a left wing rag is going to put its liberal spin on things.

    Whats funny is after all these years, economist still argue about what caused the great depression and what ended it. There is near universal agreement on what prolonged it. Its rather suspicious that Time magazine was able to lay blame on anyone's feet without really understanding all the variables leading to the D'rats spending a trillion on pork.

  • 0

    JoeBigs

    Good to see some help for the people. The people need jobs so they can feed their families. I think the government is doing the right thing. Glad to see a government that cares for the people again. Too bad the far right Republicans party just does not get it, sad bunch.

    The only folks complaining are the ones who would complain if Obama says ,"hi" to someone.

    I too vote that Phil Gramm was right up there, but I put him in second place. The number one reason was his love, deregulation.

    1. Deregulation

    2. Phil Gramm

    3. Republican congress wasteful spending

    4. Bush Administration

    5. George Bush

    My top 5.......

  • 0

    Molenir

    Ah yes, and of course Democrats don't take any blame for this in your mind. I know. They're pure as the driven snow. Totally without blame or guile.

    Clinton, and Bush both bear responsibility. Yes, Bush bears more because he had 8 years to deal with this, and didn't. Clinton started the problem however, so bears some responsibility as well. Obama is going to bear the final brunt of the blame however for screwing things up more, when he had the chance to fix them.

  • 0

    smithinjapan

    VOR: "Time magazine lost all and any credibility years ago."

    You're getting more and more laughable by the minute, friend, and I mean SERIOUSLY. When Bush was mentioned in Time a few years back I think that's when most of you argue 'Time still had some credibility'. But then when popularity tanks because of the war, domestic spying, torture, scandals ad nauseam, the economy, suddenly Time's reporting becomes something you dislike.

    Hahaha... if it has said bush did a good job, in another universe for example, you'd drink it up like there was indeed no tomorrow.

    The only one who 'lost credibility' is you, and that was if you ever had any to start, which I don't think you did.

  • 0

    Molenir

    You're getting more and more laughable by the minute, friend, and I mean SERIOUSLY. When Bush was mentioned in Time a few years back I think that's when most of you argue 'Time still had some credibility'. But then when popularity tanks because of the war, domestic spying, torture, scandals ad nauseam, the economy, suddenly Time's reporting becomes something you dislike.

    Time magazine hasn't had any credit since the 90s. They still have good people working for them, they still put out some good stories, but the slant of the magazine is so extreme, and obvious, that you can't give the rag credit for anything.

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