Off-Topic: Pres. O's Press Conference
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Name:   water_watcher The author of this post is registered as a member - Email Member
Subject:   Pres. O's Press Conference
Date:   2/10/2009 1:37:34 PM

You are 100% right. Tax cuts had nothing to do with the banking crisis. It is only to mislead the uninformed american public to get his wasteful agenda approved. The bank crisis as you pointed out had everything to do with the liberal policies to allow loans to those that really were not qualified on the basis that home prices would only go up. That created an inflationary housing bubble that burst as those people could not make payments. That had a ripple effect making a normal economic slow down after 6 solid years of growth, much worse.

Now he wants to say the crisis we are in are because of failed policies of tax cuts. We are still not as bad as what the Carter administration gave us with double digit unemployment and 18% interest rates and 12% inflation. Regan bailed us out of that and it was done cutting taxes that did create jobs and stimulate the economy. Not on the wasteful spending that Obama and the other liberal socialists in congress are proposing.

Look at the reaction on wall street to his speech and his new bank plan. It seems everytime Obama opens his mouth the market goes lower.
Other messages in this thread:View Entire Thread
Pres. O's Press Conference - lotowner - 2/10/2009 8:05:20 AM
     Pres. O's Press Conference - water_watcher - 2/10/2009 1:37:34 PM
          Pres. O's Press Conference - Jim Dandy - 2/10/2009 3:09:46 PM
               Sorry- Off Topic but, - lamont - 2/10/2009 3:17:10 PM
                    Sorry- Off Topic but, - water_watcher - 2/10/2009 6:21:41 PM
     Why should he? - MartiniMan - 2/10/2009 5:27:55 PM
          Why should he? - Talullahhound - 2/10/2009 5:51:55 PM
               Why should he? - water_watcher - 2/10/2009 6:30:53 PM
                    Why should he? - Talullahhound - 2/10/2009 8:47:08 PM
                         this shows your ignorance - Swimmer27 - 2/10/2009 9:58:15 PM
                         Response to help you - water_watcher - 2/11/2009 6:08:38 AM
                         Please tell me - MartiniMan - 2/11/2009 9:19:58 AM
                         It worked with Reagan - MartiniMan - 2/11/2009 9:22:13 AM
                              I'm not convinced - Talullahhound - 2/11/2009 6:22:02 PM
                                   Obama misses - water_watcher - 2/11/2009 7:47:50 PM
                                        Obama misses - Talullahhound - 2/11/2009 8:29:07 PM
                                             Obama misses - Swimmer27 - 2/12/2009 7:51:27 AM
                                   Do you realize - MartiniMan - 2/12/2009 11:48:48 AM
                                        You got me Wrong - Talullahhound - 2/12/2009 6:06:47 PM
                                             You got me Wrong - MartiniMan - 2/13/2009 3:03:21 PM
          Why should he? - cobra - 2/10/2009 8:24:56 PM
     Pres. O's Press Conference - PikeSki - 2/11/2009 3:20:45 PM
          Pres. O's Press Conference - water_watcher - 2/11/2009 7:49:30 PM


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