Originally posted by robrecht
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Obama's approval rating
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I'm always still in trouble again
"You're by far the worst poster on TWeb" and "TWeb's biggest liar" --starlight (the guy who says Stalin was a right-winger)
"Overall I would rate the withdrawal from Afghanistan as by far the best thing Biden's done" --Starlight
"Of course, human life begins at fertilization that’s not the argument." --Tassman
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Originally posted by Starlight View PostSorry good point, careless phrasing in the extreme on my part. His party (dems) lost the election to Eisenhower as a result of Truman's cabinet scandals. Eisenhower being the only Republican president in a 36 year period where it was otherwise under Dem control.
And the 1952 election wasn't between two random guys. It was between Eisenhower and some random guy. Eisenhower was regarded as such a strong candidate that both the Republican and Democratic parties tried to get him to run for their ticket. If he had chosen to run as a Democrat instead, they likely would've won.
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Originally posted by rogue06 View PostBoth unemployment and inflation were in double digits and interest rates were over 20%. It was unquestioningly the worst economy since the Depression.βλέπομεν γὰρ ἄρτι δι᾿ ἐσόπτρου ἐν αἰνίγματι, τότε δὲ πρόσωπον πρὸς πρόσωπον·
ἄρτι γινώσκω ἐκ μέρους, τότε δὲ ἐπιγνώσομαι καθὼς καὶ ἐπεγνώσθην.אָכֵ֕ן אַתָּ֖ה אֵ֣ל מִסְתַּתֵּ֑ר אֱלֹהֵ֥י יִשְׂרָאֵ֖ל מוֹשִֽׁיעַ׃
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Originally posted by robrecht View PostInflation and interest rates are essentially the same thing.
I'm always still in trouble again
"You're by far the worst poster on TWeb" and "TWeb's biggest liar" --starlight (the guy who says Stalin was a right-winger)
"Overall I would rate the withdrawal from Afghanistan as by far the best thing Biden's done" --Starlight
"Of course, human life begins at fertilization that’s not the argument." --Tassman
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Originally posted by rogue06 View PostNot really. After the 2008 recession unemployment rose above 10% but interest rates remained at record low levels.βλέπομεν γὰρ ἄρτι δι᾿ ἐσόπτρου ἐν αἰνίγματι, τότε δὲ πρόσωπον πρὸς πρόσωπον·
ἄρτι γινώσκω ἐκ μέρους, τότε δὲ ἐπιγνώσομαι καθὼς καὶ ἐπεγνώσθην.אָכֵ֕ן אַתָּ֖ה אֵ֣ל מִסְתַּתֵּ֑ר אֱלֹהֵ֥י יִשְׂרָאֵ֖ל מוֹשִֽׁיעַ׃
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Originally posted by robrecht View PostI said inflation and interest rates are essentially the same thing, not that unemployment and interest rates are the same thing.
I'm always still in trouble again
"You're by far the worst poster on TWeb" and "TWeb's biggest liar" --starlight (the guy who says Stalin was a right-winger)
"Overall I would rate the withdrawal from Afghanistan as by far the best thing Biden's done" --Starlight
"Of course, human life begins at fertilization that’s not the argument." --Tassman
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Originally posted by rogue06 View PostMy bad.βλέπομεν γὰρ ἄρτι δι᾿ ἐσόπτρου ἐν αἰνίγματι, τότε δὲ πρόσωπον πρὸς πρόσωπον·
ἄρτι γινώσκω ἐκ μέρους, τότε δὲ ἐπιγνώσομαι καθὼς καὶ ἐπεγνώσθην.אָכֵ֕ן אַתָּ֖ה אֵ֣ל מִסְתַּתֵּ֑ר אֱלֹהֵ֥י יִשְׂרָאֵ֖ל מוֹשִֽׁיעַ׃
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Originally posted by JimL View PostReagan didn't have to spend 900 billion to bail out the banks the day he took office,
he didn't have to save the automobile industry,
he didn't have 2 wars which were costing trillions of dollars to contend with,
The calculations by Dr. Neta Crawford extend beyond the typical accounting of overseas contingency operations for the Defense and State Departments, which amounts to $1.7 trillion through 2016, according to her report issued late last week. http://www.military.com/daily-news/2...rs-so-far.html
So, deceptively calling the 2 15 year wars "trillions of dollars" is a blatant lie.That's what
- She
Without a clear-cut definition of sin, morality becomes a mere argument over the best way to train animals
- Manya the Holy Szin (The Quintara Marathon)
I may not be as old as dirt, but me and dirt are starting to have an awful lot in common
- Stephen R. Donaldson
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Originally posted by Bill the Cat View PostNeither did Obama. He CHOSE to. Several world-renown economists were actually recommending letting the large banks fail.
HAHAHAHAHAHAH!!!! Obama didn't save GM, much less the entire automobile industry. Ford Motor, for instance, didn't take a dime.
Deceptive math is used to make them "trillions of dollars wars", including estimated future budget and disability compensation. The overall actual operating cost of both wars was 1.7 Trillion through 2016 (for 15 years).
The calculations by Dr. Neta Crawford extend beyond the typical accounting of overseas contingency operations for the Defense and State Departments, which amounts to $1.7 trillion through 2016, according to her report issued late last week. http://www.military.com/daily-news/2...rs-so-far.html
So, deceptively calling the 2 15 year wars "trillions of dollars" is a blatant lie.
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Originally posted by JimL View PostOf course he chose to, and so did Congress. The fact is that what he chose worked, and most if not all the TARP money whether form the banks or the auto industry was returned, so, win win.
Ford, which didn't receive a dime during the bailout bounced back just as strong as GM and Chrysler did drawing into question whether the bailout helped at all. All that Obama rescued were members of a key voting block (union workers) by screwing creditors and bondholders.
If GM and Chrysler had filed for chapter 11 bankruptcy, they wouldn't have been liquidated as some liberal economists contend but rather nearly all of their factories would have stayed open during that time and they would have continued making and selling cars and trucks. Bankruptcy would have permitted them to abstain from paying interest and dividend payments for awhile, and to renegotiate union contracts. Under bankruptcy laws, while stockholders would have lost the value of their stocks, bond owners (who have first claim to company assets and profits) would have been paid off[1].
The main result of the bailout that Obama oversaw was that union workers were able to keep their uncompetitively high rates of pay and benefits[2] continuing to handicap the companies as they compete with foreign manufacturers and the whole thing besides robbing Peter (bond holders and creditors) to pay Paul (United Auto Workers union) and shaking confidence in the bond market, ended up costing taxpayers $9.2 billion (all other bailouts by the government ended up turning a profit for the taxpayers).
As for your "win win" claim, one big loser were the American taxpayers who lost nearly $9.3 billion whereas in previous bailouts the taxpayers actually turned a profit.
1. An act that resulted in creating a great deal of insecurity in the bond market which are -- or were -- a safer investment.
2. A study conducted by the Heritage Foundation concluded that the preferential treatment the United Auto Workers got during the bailouts of GM and Chrysler "redistributed $26.5 billion more to the UAW than it would have received had it been treated as it usually would in bankruptcy proceedings."
I'm always still in trouble again
"You're by far the worst poster on TWeb" and "TWeb's biggest liar" --starlight (the guy who says Stalin was a right-winger)
"Overall I would rate the withdrawal from Afghanistan as by far the best thing Biden's done" --Starlight
"Of course, human life begins at fertilization that’s not the argument." --Tassman
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Originally posted by JimL View PostOf course he chose to, and so did Congress. The fact is that what he chose worked, and most if not all the TARP money whether form the banks or the auto industry was returned, so, win win. Point is Reagan wasn't faced with these same conditions to have to deal with on day one.
Ha Ha Ha!!!! Yes he did.
The manufacturers are still here and people remained employed and the money was returned.
Ford Motor didn't need the assistance, good for them.
You and Forbes can monday morning quaterback all you want, but Obama's decision to bail them out worked.That's what
- She
Without a clear-cut definition of sin, morality becomes a mere argument over the best way to train animals
- Manya the Holy Szin (The Quintara Marathon)
I may not be as old as dirt, but me and dirt are starting to have an awful lot in common
- Stephen R. Donaldson
Comment
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Investor's Business Daily just mentioned the poll and noted the total MSM blackout of it
Another thing that the MSM hasn't covered is that Trump now has a 59% approval rating after starting out not even a week ago at 45%. They remain fixated on the latter point and ignore how quickly that changed as Americans saw what he is doing rather than being continually warned about what the left said he might do.
I'm always still in trouble again
"You're by far the worst poster on TWeb" and "TWeb's biggest liar" --starlight (the guy who says Stalin was a right-winger)
"Overall I would rate the withdrawal from Afghanistan as by far the best thing Biden's done" --Starlight
"Of course, human life begins at fertilization that’s not the argument." --Tassman
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