Can you explain why the economy was fine until Democrats took control of congress in 2006?
Wednesday, January 28, 2009
GOP: Its plan is better jobs machine
House Republicans on Wednesday argued that their alternative stimulus program, heavy on tax cuts, would create nearly 3 million more new jobs than the $816 billion economic recovery plan being pushed by the Obama administration and congressional Democrats — using the same methodology favored by President Obama’s top economic advisers.
The substitute bill, sponsored by House Minority Whip Eric Cantor of Virginia and Rep. Dave Camp of Michigan, ranking Republican on the House Ways and Means Committee, would create 6.2 million jobs through 2010, according to its Republican backers, compared with just 3.2 million jobs claimed under the House Democratic bill to be voted on Wednesday evening.
Democrats rejected the analysis, saying the plan’s reliance on tax cuts amounted to the same old song we always hear from Republicans, according to Rep. Richard E. Neal, Massachusetts Democrat.
But the analysis by the Ways and Means Republican staff relied on a formula used by Christina Romer, chair of Mr. Obama’s Council of Economic Advisers, to estimate that Republican-backed tax cuts of nearly $400 billion over the next few years would produce at least a 6.1 percent increase in GDP.
Using a jobs formula endorsed by Mrs. Romer and Jared Bernstein, now Vice President Joseph R. Biden Jr.’s top economic aide, that GDP boost translates into 6.2 million jobs over two years.
For half the cost, we can have twice the impact, said Rep. Peter Roskam, Illinois Republican.
The amendment was given virtually no chance of passage as Democrats expected to pass their version of the stimulus bill Wednesday evening. The Senate is expected to vote on its version of the stimulus program next week, and lawmakers want to have a bill to the president by mid-February.
http://washingtontimes.com/news/2009/jan/28/republicans-say-their-plan-better-jobs-machine/
republicans blame democrats
democrats blame republicans
Your answer lies in your question!
Because democrats took over congress!
Agreed 100%
Republicans!!!
Why do they always blame the Democrats for their mistakes?
Nobody’s going to buy that the Dems are responsible for the economy’s situation at this time.
Except those who live behind the “Orange Curtain.”
Your question is full of $hit, stop posting lies
There was a Republican President in the house and he decides what should be done
great point no one ever talks about it
Right in the answer…Dems took over. Sure, you’ll get some Bush-bashing, non-answer responses to this from the Democrats but it’ll have no substance and no real answer. Can’t refute the facts.
Because historically EVERY…yes EVERY time there is a GOP Prez and a Dem Congress……CONGRESS stalls the economy and creates a CRASH of it in Sept just before elections to ensure that they win by FALSELY blaming it on the President……Funny the libs are so blind that they cant even see the FACTS that the economy was doing well until April 2006
Because the tax and spend Democrats were once again able to baffle the voting public with all their bull$hit and their constituents were gullible enough to fall for the massive lies about the Republicans spread by them and the liberal media.
Duh – we followed the R plan for 8 years. Bush borrowed trillions, spent or blew up the money, and the result was complete failure. We all understand that shill R’s have studies that promote programs that allow the top 1% of the nation to get richer while the rest of us starve and pay back what was borrowed.
Bush borrowed and spent the money. We did not grow the economy, we wasted borrowed money. Now, actual competent people must pay it back.
Take you R plan and send it to Dallas with your failed President. The rest of us have to sweep up after him.
Bush = Borrow and Spend
What happened to the Economy has nothing to do with Democrat or Republican Congresses or politics. Some people blame Clinton’s forced subprime mortgage laws (penalizing banks for not giving loans to poor people); others blame Bushes lack of regulatory oversight. In reality it was America it’s self that is to blame as everybody was trying to live a lifestyle that they couldn’t afford. Well we’re all paying for it now.
Every time there is a tax cut, the government , the people, and the economy overall benefits. This is something that the Liberal Demoncraps just can’t admit. It also weakens the dependency on the nanny state, and moves us away from socialism, which is something else they can’t stand. The only happy demoncrap is the demoncrap that is in total control of your family, your money, your faith, and your life.
The economy wasn’t fine before 2006, it was starting to fall in the early 2000′s.
They don’t listen to reason
If the formula used by Republicans is the same of Christina Romer, chair of Mr. Obama’s Council of Economic Advisers. Why wouldn’t Obama himself consider this fact when it reaches his own desk.
His own advisers formula says it will work – ??????????????????
Saving 1/2 the amount with twice the out put ?????????????????
How can the logic be missed? Is it simply because a Republican put it out, OR is it because it wouldn’t include many special interest PORK PORK PORK that the Dems want to add in. Typical Pelosi – holding up America for the sake of PORK and Power. I can’t stand that woman!
Your extended quotation is unrelated to your question, so I’ll just address the question. Most economists seem to agree that excessive deregulation is what caused the problem. That happened over many years, and both parties can claim a share of the blame.
I haven’t heard anybody seriously suggest that the recession has anything to do with the Democrats winning a slim majority in congress. If you want to make a case for this interpretation, I’d be interested in hearing it. You’d have to tell me what, specifically, the Dems did to change our economic policy starting 1/07. I’m not aware of any dramatic shifts, but maybe you are.
The answer is that the economy was not fine and has never been “fine” from the beginning of the Bush administration. Our whole economy was being propped up by cheap money. The illusion of a healthy economy was just that. Job growth was stunted, wages were not increasing, people were being overwhelmed by the high cost of energy and medical care any everything was being purchased on credit. This was not something that suddenly sprang up. It was something that has been brewing for quite some time that only came to light in the past year. It is the conservatives unfathomable belief in Reaganomics or what George Bush called “voodoo economics that got us here. . You can thank Obama for listening to the
Republicans, but I really don’t even want to hear what they have to say .I think it is time to stop listening to the conservatives who have been wrong on everything from the economy to the Iraq war to social issues.
The full answer is both parties are to blame.. because there are very few elected to office that have a clue as to what drives the economy. There is no one answer that has brought our country & the world to where we are today, but it’s a way of life that we have been living mostly. Overspending on things that are really not needed is a big thing. The Dems. along with Barney Frank and the Fannie May type deals really brought this to a head. Some Repubs. were sounding alarm bells over 4yrs. ago & again 2yrs. ago…good ol Barney was saying last summer everything was fine with the way Fannie was lending $$ to people with no $$ down to buy homes..Our Pres. Bush should have stepped in then to have set the record straight…all of the banking deregulation, easy lending along with, wall street bankers being allowed to buy on margin( little % of money down to buy stocks) ran up and overpriced the prices of stocks caught up to the country…then add in the crooks like Madoff and that’s what brought us to where we are…Trillions have been lost..in the current deflation that is not finished yet..most of the Repubs. seem to be awake now, but the Dems are just trying to spend our way out of this…wrong call..all government should be cutting spending now..all spending… yrs. from now these times will be called the Great Depression II and both parties, if they survive will blame the other for it
This meltdown was in the making long before 2006.
And Democrats were not in the majority – there was 50/50 of Republicans and Democrats. The rest were independants – so people saying there was a Democratic majority are lying. IT was even.
And during that time Democrats were allowed to pass only one bill – THE FARM BILL!!!
The rest were all vetoed or fillibustered by Bush and Republicans.
More revisionist lies by the masters of revisionist lies.
Another ‘dead-ender’ clocks in. Dude, It wasn’t ‘fine’, and the democrats had only a slight advantage in congress…then there was the ‘Deciders’ veto. Way too much right wing radio, bro. Way…no kiddin’!