Author Topic: Carter Nails It - - All Bush's Fault  (Read 9980 times)

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Michael Tee

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Carter Nails It - - All Bush's Fault
« on: October 10, 2008, 02:30:10 PM »
Don't get any plainer than this.  Jimmy tells it like it is.  After 8 years of Republican rule, who's responsible if not The Decider and his administration?

Ex-president Carter slams Bush on market crisis
Fri Oct 10, 2008 9:09am EDT
BRUSSELS (Reuters) - Former President Jimmy Carter said on Friday the "atrocious economic policies" of the Bush administration had caused the worst global financial crisis since the Great Depression of the 1930s.
Carter told reporters on a stopover in Brussels that "profligate spending," massive borrowing and dramatic tax cuts since President George W. Bush took office in 2001 were behind the market turmoil and economic crisis.

[Now isn't that just plain old-fashioned common sense?]

"I think it's because of the atrocious economic policies of the Bush administration," said the 84-year-old Democrat, who served in the White House from 1977-1981 during a period of high inflation and energy crisis.

Whoever wins next month's U.S. presidential election would inherit economic problems that would force them to postpone implementing some of their proposed reforms, he said.
"The economic situation is an entrenched problem. It is going to take years to correct what has been done economically," Carter said, adding he hoped Democrat Barrack Obama would win and immediately improve Washington's image in the world.

Eight years ago, the United States had a budget surplus, low inflation and a stable, strong economy, he said.

Carter said he was astonished that the United States now owed China "in the neighborhood of $1 trillion."
Deregulation and what he called a withdrawal of supervision of Wall Street had encouraged irresponsible elements in the U.S. financial system, enabling banks to borrow 30 times their value.
Carter was on his way back from a private peace mission to Cyprus with fellow elder statesmen Lakhdar Brahimi of Algeria and Archbishop Desmond Tutu of South Africa, intended to give a push to talks between the Greek Cypriot and Turkish Cypriot leaders on a settlement to reunite the divided island.
http://www.reuters.com/article/politicsNews/idUSTRE4993TS20081010
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TIME for a CHANGE

Brassmask

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Re: Carter Nails It - - All Bush's Fault
« Reply #1 on: October 10, 2008, 02:32:13 PM »
Bush, himself, said that "Wall Street got drunk".


Michael Tee

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Re: Carter Nails It - - All Bush's Fault
« Reply #2 on: October 10, 2008, 02:40:06 PM »
Drunks need to be policed just like ordinary citizens.  More so when they are staggering around with their pockets full of everyone else's money.

Universe Prince

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Re: Carter Nails It - - All Bush's Fault
« Reply #3 on: October 10, 2008, 05:07:48 PM »
Quote
Former President Jimmy Carter said on Friday the "atrocious economic policies" of the Bush administration had caused the worst global financial crisis since the Great Depression of the 1930s.
Carter told reporters on a stopover in Brussels that "profligate spending," massive borrowing and dramatic tax cuts since President George W. Bush took office in 2001 were behind the market turmoil and economic crisis.

[Now isn't that just plain old-fashioned common sense?]


No, it's pretty damned stupid.
Your reality, sir, is lies and balderdash and I'm delighted to say that I have no grasp of it whatsoever.
--Hieronymus Karl Frederick Baron von Munchausen ("The Adventures of Baron Munchausen" [1988])--

sirs

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Re: Carter Nails It - - All Bush's Fault
« Reply #4 on: October 10, 2008, 05:21:21 PM »
Not to throw too much partisanship into the mix, but ....... wasn't the economy and market functioning pretty darned good, with low unemployment all the way up until......Democrats took control of Congress??  Coincidence?  I think not
"The worst form of inequality is to try to make unequal things equal." -- Aristotle

BT

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Re: Carter Nails It - - All Bush's Fault
« Reply #5 on: October 10, 2008, 06:04:46 PM »
Perhaps Jimmy can explain the relationship between govt spending and tax policy to the private business decisions made by wall street.

Prince is correct. Jimmy is just politicking.


sirs

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Re: Carter Nails It - - All Bush's Fault
« Reply #6 on: October 10, 2008, 06:21:37 PM »
And please, can the Obamamites explain how increasing taxes on precisely the enterprises that create jobs, (medium <--> large corporations, medium <--> large businesses), and create much of the money this economy makes, is a "good thing"??, in light of the current economic condition of this country    ???
« Last Edit: October 10, 2008, 06:48:12 PM by sirs »
"The worst form of inequality is to try to make unequal things equal." -- Aristotle

crocat

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Re: Carter Nails It - - All Bush's Fault
« Reply #7 on: October 11, 2008, 09:27:33 AM »
Carters an ass.... of course many were not around when his cure to the economy was to put a wage freeze on us poor working stiffs.

Xavier_Onassis

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Re: Carter Nails It - - All Bush's Fault
« Reply #8 on: October 11, 2008, 10:36:14 AM »
And please, can the Obamamites explain how increasing taxes on precisely the enterprises that create jobs, (medium <--> large corporations, medium <--> large businesses), and create much of the money this economy makes, is a "good thing"??, in light of the current economic condition of this country    Huh

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Of course, only those who have so little and earn so little that they cannot open businesses should be taxed.

This is a tried and true plan, last used so successfully by Louis XVI.
"Time flies like an arrow; fruit flies like a banana."

richpo64

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Re: Carter Nails It - - All Bush's Fault
« Reply #9 on: October 11, 2008, 11:58:23 AM »
>>Carters an ass.... of course many were not around when his cure to the economy was to put a wage freeze on us poor working stiffs.<<

Bingo.

Gas lines, 16 percent credit. The Soviet Union pissing all over us. Who did ole Jimma blame? Why America of course. It's a reoccurring theme with democrats.

sirs

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Re: Carter Nails It - - All Bush's Fault
« Reply #10 on: October 11, 2008, 01:42:01 PM »
And please, can the Obamamites explain how increasing taxes on precisely the enterprises that create jobs, (medium <--> large corporations, medium <--> large businesses), and create much of the money this economy makes, is a "good thing"??, in light of the current economic condition of this country    Huh
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Of course, only those who have so little and earn so little that they cannot open businesses should be taxed.

Care to cite the quote that even implies such, much less advocates such??  Here's a hint, you won't find one.  Want to drop the intellectual dishonesty now, before you really start down this debating blackhole??


This is a tried and true plan, last used so successfully by Louis XVI.

So Xo is advocating we go back to a monarchy??  Isn't that what the left keeps condemning for Bush trying to be??
"The worst form of inequality is to try to make unequal things equal." -- Aristotle

Xavier_Onassis

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Re: Carter Nails It - - All Bush's Fault
« Reply #11 on: October 11, 2008, 01:50:23 PM »
This is a tried and true plan, last used so successfully by Louis XVI.

So Xo is advocating we go back to a monarchy??  Isn't that what the left keeps condemning for Bush trying to be??

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I am sorry. I felt that you might have some knowledge of Louis XVI, and recognize irony when you saw it.


It is no fun to explain humor.

Even less so irony.
"Time flies like an arrow; fruit flies like a banana."

sirs

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Re: Carter Nails It - - All Bush's Fault
« Reply #12 on: October 11, 2008, 01:56:16 PM »
Couldn't find a quote I see. 
"The worst form of inequality is to try to make unequal things equal." -- Aristotle

Xavier_Onassis

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Re: Carter Nails It - - All Bush's Fault
« Reply #13 on: October 11, 2008, 01:58:30 PM »
I need a quote to tell you who the guy was that caused the effing French Revolution?

It is impossible to discuss history with someone who is clueless that history exists.
"Time flies like an arrow; fruit flies like a banana."

sirs

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Re: Carter Nails It - - All Bush's Fault
« Reply #14 on: October 11, 2008, 02:06:02 PM »
No, you need a quote to back up your accusation.  Then again, you knew that.  More of that intellectual dishonesty on parade so early
"The worst form of inequality is to try to make unequal things equal." -- Aristotle