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Alex Wong / Getty Images
Republican U.S. presidential candidate and former Massachusetts Governor Mitt Romney speaks during a Veterans for Romney event at American Legion Post 176 September 27, 2012 in Springfield, Virginia.
Updated 3:05 p.m. - SPRINGFIELD, VA -- Mitt Romney seized upon a report revising economic growth in the second quarter downward as his latest piece of evidence in his ongoing effort to cast President Barack Obama's policies as ineffective at boosting the economy.
“We have to have a strong economy. Right now, Russia’s economy is growing at about 4 percent per year. That’s their GDP growth. Ours was just revised last quarter down to 1.3 percent per year -- about a quarter or a fifth the rate of Russia’s," Romney said. "This is a real challenge for us. And this is not just one quarter. This has been going on now for years."
"Our economy needs to be reinvigorated," Romney continued before an audience of some 300 veterans at an American Legion hall in suburban Washington. "And the president has laid out his plan. It’s a continuation of the old plan. We can’t afford four more years of the last four years, all right?”
Slideshow: On the campaign trail
Speaking before an audience that is especially attentive to military spending for its impact on the local economy, Romney highlighted the danger posed by planned defense cuts called for in the bipartisan budget deal.
"The White House proposed the sequestration, a kind of gun-to-your-head opportunity, which is if Congress couldn't get the job done properly and the president couldn't lead them, why they would make devastating cuts to our military," Romney said. "The impact will be immediate, and significant right here in Virginia: 136,000 jobs will be lost in Virginia as a result of this move."
For the second day in a row, Romney and Obama squared off in the same critical swing state. Yesterday, they held dueling rallies in Ohio, and as Romney wrapped up his remarks, the president was preparing for his own rally downstate.
The Republican nominee, trailing in most polls of Old Dominion voters, kept his message focused on the few areas where he retains strength, particularly on dealing with the national debt and the deficit, on which he hammered the president again today, while attempting to present the complex problems posed by a burgeoning debt in understandable prose.
"[President Obama's] plan also calls for trillion dollar deficits," Romney said. "Recognize: trillion dollar deficits. That debt is owned by somebody. Someone holds that. That puts America in a position of economic risk, fiscal risk."
For the third straight day, both Mitt Romney and President Barack Obama will be campaigning in the same state. The Daily Rundown's Chuck Todd reports.
"Even with the interest rates real low, we spend more on interest as taxpayers, paying the government debt than we spend on housing agriculture, education and transportation combined," Romney continued. "Its huge! And its going to get a lot bigger. Particularly if every year we add another trillion dollars to the deficit. "
Obama's campaign, which today began airing a new advertisement highlighting Romney's surreptitiously recorded comments at a fundraiser about 47 percent of Americans he said did not pay taxes and thought of themselves as "victims," issued a statement responding to Romney's remarks which seemed designed to draw attention back to the damaging video.
“Mitt Romney would like Virginians to forget how he disdainfully wrote off half of all Americans, including veterans and active duty members, at a fundraiser with high-dollar donors," said spokeswoman Lis Smith. "[Romney's] policies would be disastrous for America’s military, military families, and veterans and we can’t afford them.”
“On the day we learned that American businesses have created 5.1 million private sector jobs over the last 30 months – 453,000 more than originally thought – Mitt Romney’s desperately cherry picking the data to fit his false narrative," added Obama spokesman Danny Kanner. "The truth is that he opposed the President’s jobs proposal, which could still create as many as 1 million additional jobs, and instead proposed plans that independent economists say would slow the recovery and actually cost us nearly a million jobs."
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Well, that explains why there were chairs stacked by the dozens!
A whopping 300 attendees? Wiley Old Willard sure knows how to pack a room!
Then again, offering a free lunch buffet is always a crowd favorite with the "moochers"!
Cat got your tongue Feisty, or did you just have to post to be first as usual. Romney will improve the economy. Obama doesn't have a clue.
ROMNEY RYAN 2012
You know when a Willard is lying, because his lips are moving.
It's been well documented the turn outs at Obama events this year have been much smaller, much less enthusiastic than in 08. Does that concern the libs at all?
Jersy Girl ...
Romney will improve the economy by doing exactly WHAT????? He hasn't stated any plans and wants to go back to the trickle down failure economic plan of old.
The President has a plan and while it might not be moving as quickly as many would like, it would be moving a helluva lot faster if Congress were to get off their sorry butts and support him.
I donn't know about you, but I am fed up with having so much tax monies and BENEFITS go towards a bunch of people that were elected to do a job that have flat out refused to do so.
Obama/Biden 2012
Dear Mittens:
The world knows the ownership the Republicans, especially the teabaggers in the House have for the economic woes of this country. When the "teabaggers" are kicked out of office, watch us grow!
Poor Mitty, wrong on the military, wrong on the economy....just wrong for America.
Obama doesn't even have to move his lips to lie.
Now there you go again Layton, asking for specifics from "brain trusts" like Snookie! lol
How DARE you? ;o)
Feisty, why do you hate Vets?
commonamerican1: "It's been well documented the turn outs at Obama events this year have been much smaller, much less enthusiastic than in 08. Does that concern the libs at all?"
Well, let's see.....
"President Barack Obama spoke to a large crowd gathered at Farm Bureau Live in Virginia Beach Thursday. Sen. Jim Webb (D-VA) introduced the president at the campaign event.
Air Force One departed from Andrews Air Force Base around 10:45 a.m. and landed at Naval Air Station Oceana shortly before 11:30 a.m.
Virginia Beach District Fire Chief David Hutcheson estimates 7,000 people are in attendance at the Farm Bureau Live event. Attendees of the campaign rally began lining up as early as 6 a.m. to secure their seats to see President Obama."
http://www.msnbc.msn.com/id/49186806
Let's see.....Obama 7,000 - Romney 300. Yeah - I'm like, totally concerned......
Feisty hates anyone who isn't Liberal.
commonamerican - yes, his crowds have only been several thousand instead of the 10,000 plus he is used to getting. Not totally unexpected for the incumbent. And still, way above the Romney crowds - some of which had to be forced to attend.
Obama/Biden 2012
It is not just the US economy stupid, it is the world economy. Yes I am talking to you Romney. No country is an island divorced from the world. In times of economic downturn countries need to turn internally and rebuild their infrastructure ... ask Japan and Germany about that. Actually, he knows but he is just spinning.
Republicans have been running their mouths off for the last three years about how bad the economy is - spreading doom and gloom in order to suppress consumer confidence. Every economist I've ever read has said economic recovery depends on psychological factors - when people have confidence, they spend more, businesses hire, etc. The Republican Party's strategy, after their polices tanked the economy in 2008, was to slow our recovery so they could win back the Presidency and do it all over again!
Moonbatty Amy agrees that President Obama is clueless and helpless on the economy....she says Republicans are all powerful, by the GOP just saying the economy is bad, that makes the economy bad...
Amy thinks Republicans tanked the economy because they didnt mindlessly bow and worship the President like she does !
This is the most effective argument against the prez, it is where Romney should have been all along. His best arguments are still complete bull@!$%# tho.
Mitt keep landing the wrong punches. Although a captive of what GOP in Washington have become Mitt lack of specific ideas give credence that GOP have no solution/s as how to move this country forward. He chase after any shinning object wonder how he's not blinded by it and the people see through it.
Another hail mary throw.
JERSY GIRL 1
everyone knows that. Look, the champion of the left. Personally I see no difference between Che and Feisty. Both vile and both revered. speaks volumes.
I'm waiting to see a debate between old Mitt, new Mitt and third party Mitt.
You're confused again, Caesar. Feisty doesn't hate vets: the GOP does. That's why they shot down a jobs bill for veterans just last week. That is also why soldiers and vets are supporting President Obama.
http://www.reuters.com/article/2012/05/13/us-usa-poll-military-idUSBRE84C02120120513
http://www.cbsnews.com/8301-250_162-57517160/senate-gop-blocks-veterans-jobs-bill/
There now. Feel smarter? No? Why am I not surprised?
SS,
Forced to attend? Source please.
"I am proud of my Massachusetts Health care mandate"
"We must repeal Obamacare, the very first second of my presidency"
"Wait a minute... There are some things about the health care law that are fantastic" "but the parts that pay for it are terrible"
Failcat why do you hate vets too?
and yet, Romney is all for the unfunded Bush tax cuts. Go figure!
Mockingbyrd
it will never happen due to scheduling conflicts. They can't seem to get all three of them in one room.
You really aren't too bright are you?
Have you ever heard of Google?
Attendance was mandatory but NO one was forced to attend? WTF?
This @!$%# can donate $10K to Team Willard and can't pay his workers for the day?
Typical repulsive Republican't!
My, my! Feelings hurt again Caesar? Lower lip quivering?
Oh well. You should be used to it by now.
commonamerican1
At a recent rally Romney asks: Everyone chant Romney/Ryan...(crickets)...Romney/Ryan...(crickets)...Romney/Ryan...(crickets)...
Here you go
Ohio miners say they were forced to attend Romney rally - Los Angeles Times
why Failcat, what has a vet done to you? Why the blind hatred?
I see Caesar is thrashing around looking for a reaction. I really must have touched a nerve this time! Poor Caesar.
Feisty... you ought to know that
MOST conservatives have NO IDEA where the GOOGLE BUTTON is on their "Cumpooter"
..... Rush & Beck have never once mentioned it & FOX has no use for them or their comments anymore, which is why suddenly they are hanging around the LIBERAL water cooler, and creating the smell of "a load in their pants".
If conservatives allow themselves to dumb down anymore drooling will become the new visual conservative identifier !
thetotas - LA Times, 8/29/2012
WASHINGTON -- Employees of a major coal industry donor to Republican causes have raised complaints about their participation in an event earlier this month organized for GOP presidential candidate Mitt Romney in the crucial swing state of Ohio.
Several miners at Murray Energy’s Century coal mine in Beallsville, Ohio, contacted a nearby morning talk radio host, David Blomquist, over the last two weeks to say that they were forced to attend an Aug. 14 rally for Romney at the mine. Murray closed the mine the day of the rally, saying it was necessary for security and safety, then docked miners the day's pay.
There ya go!
Obama/Biden 2012
Sailcat-2064101
when doesn't he?
Does anyone know if Romney's fake "I wanna look like a Mexican" tan washed off yet?
Touché, Bayllie!
Sailcat, I'm glad some else noticed little caerar pizza boy behavior.
trolling, pathetic truly pathetic.
Definition of a troll;
1a. Noun
One who posts a deliberately provocative message to a newsgroup or message board with the intention of causing maximum disruption and argument.
1b. Noun
A person who, on a message forum of some type, attacks and flames other members of the forum for any of a number of reasons such as rank, previous disagreements, sex, status, ect.
A troll usually flames threads without staying on topic, unlike a "Flamer" who flames a thread because he/she disagrees with the content of the thread.
1c. Noun
A member of an internet forum who continually harangues and harasses others. Someone with nothing worthwhile to add to a certain conversation, but rather continually threadjacks or changes the subject, as well as thinks every member of the forum is talking about them and only them. Trolls often go by multiple names to circumvent getting banned.
1d. noun
a simpleton with little to no intelligence to be able to post anything of value.
I don't see Romney "hammering" on "Obama's" economy. I see him thrashing desparately for traction on a non-issue. This is not something that will move the voters into his lair.
It's the stimulus that got the economy growing again. Romney's trickle down policies will put us right back to losing 700,000 jobs a month again.
Romney is desperate. I fully expect that Romney will blame Obama for any hurricanes and earthquakes next.
Sailcat-2064101
don't use foreign words because poor Little Seizure has to look them up! It's bad enough he has issues with understanding English!
Mother Jones?
Hey Chris, Ready for that spelling Bee? we'll start with CAT.
Someone tell mitt the twit that we're not in a cold war with russia or any other kind of race. The economy is sluggish mitt, what do you expect when your party in congress has done nothing but block progress.
We're working on taking the house back while retaining the senate.
Oh, nice spray-on tan buddy! Never trust a guy who's tan isn't even genuine.
Republican Businesses have been fully onboard With Boehner's 'Make Obama look bad at any cost'. They push their workers to higher productivity (more hours) instead of hireing, and are sitting on $2 trillion rather than investing in hopes that if Romney gets in, it will be a no regulation wild west yee ha time for them.
The Republicans in Congress were specifically elected to block the ongoing stupidity of the Obama regime. You guys got "shellacked", remember ??
Mitt ought to run on his record of creating jobs in Massachusetts. He avoided raising taxes although he increased almost every user "fee". He cut aid to colleges and schools, cut aid to local governments, cut job training programs, and cut trade assistance. Austerity at its finest.
How did he do?
Well, when he became Governor, Massachusetts was 37th in job growth out of 50 states. A great opportunity for this proven job creator to work his magic.
But, unfortunately, when Mitt's term of 4 years was over, Massachusetts ranked 47th in job creation, median income was down, and the state's growth rate was 0.9% (national rate was 5%).
Mitt failed at creating jobs in Massachusetts.
HMM, HMM, HMM......the contempt and vitriol that ultra-extremeist liberals have for our veterans, and for those currently serving in the military knows no boundaries, and they are PROUD to express it!
DEMOCRATS FOR ROMNEY!!!!!
Mister Fids!
Sssshhhh... Google is only another liberal conspiracy theory, invented to educate the stuck on stupid crowd! ;o)
Don't like my source, look it up yourself, lazy ass...
We're tired of spoon feeding you twits!
The economic numbers speak for themselves. All Romney has to do is repeat the awful economic reports.
Obama speaks from his heart, "I want to export jobs". Of course he claims he meant to say that he wants to export goods. Yeah right. *eyeroll*
People are getting paid $11.00 an hour by the SEIU to stand on the street and protest against Romney. This is a fact.
Will the Black Panthers stand outside the voting places again? Will the news media report it this time? They conveniently ignored it the last time.
Caesar Augustus-
I have a theory, though; most ultra-extremist-leftists HATE AMERICA TOO, so it only stands to reason that they would hate those who defend it.
DEMOCRATS FOR ROMNEY 2012
[Hey Chris, Ready for that spelling Bee? we'll start with CAT.]
Aww, isn't that cute...taxman is trying oh so hard to remain relevent.
Always strive for adequacy, Pizza Boy...it's all you have left.
PIZZA! PIZZA!
"Feisty, why do you hate vets?" Don't know how you do it Feisty. First Spanky, now Little Caesar humping your leg! We don't hate most vets Little Caesar, just the obnoxious ones who split their days between trolling on Newsvine and yelling at the neighborhood kids to "get of my lawn!"
BTW Welcome back Feisty.
Why, giving more trickle down tax cuts to himself and his millionaire buds, of course! It worked so well under Bush.
Thanks Eric!
There's no place like home! ☺
Thank GAWD for the ignore author feature! lol
Best tick & flea repellent around...
The GDp growth is actually 4%, not 1.3%.
Comsumer spending is 70% of the GDP. Most lower-middle class people spend most of the income buying groceries, food, and other necessities, boosting demand. But the extreme gap between the rich and poor have destroyed the middle class and hurt the economy, shaving 1.5% growth from the GDP - thus actual GDP is 3%
Then our biggest buyers of US goods and services have been in deep trouble in the last few years. Japan hit by nucler disaster, EU hit by a nagging debt crisis. This lack of purchases from them shave off another .5 to 1%. If our most important trading partners of Japan and EU are normal economically, then our GDP growth would be 4% - that's prosperity.
Nobody is buying what Romney is selling.
You can attack the president all you want, it isn't going to make anyone trust you more.
No cuts have even been @!$%#ing proposed to the military budget. The sequester is a reduction in the rate of growth of the military budget. No money is being taken away. The budget for the military is going to continue to grow. @!$%# every politician who refers to this as a cut because it is pure bull@!$%#
jim-1455434
I want to make sure I'm seeing it right:
you are giving credit to the Congressional Republicans for the obstruction of bills like:
9/11 First Reponder bill
S. 3457 (Veterans Jobs Corps Act of 2012 )
S. 3412 (Middle Class Tax Cut Act )
S. 3364 (Bring Jobs Home Act )
S. 2237 (Small Business Jobs and Tax Relief Act )
H.R. 4348 (MAP-21 ) Amended during conference: "An act to authorize funds for Federal-aid highways, highway safety programs, and transit programs, and for other purposes."
H.R. 847 (James Zadroga 9/11 Health and Compensation Act of 2010 )
S. 3985 (Emergency Senior Citizens Relief Act of 2010 )
S. 3816 (Creating American Jobs and Ending Offshoring Act )
Thanks for pointing out that the Republican party is all about obstruction and never about the 98% of population and the economy.
They should be sooo proud!
ZMan2012
only Republicans vote agianst taking care of those who give up their families, homes, physical and mental health. Republicans LOOOOVE those who enlist to fight wars for them...until they have no use for them anymore.
thetotas - my source was the LA Times - as you can clearly see!
Jo Ann-6666... People are getting paid $11.00 an hour by the SEIU to stand on the street and protest against Romney. This is a fact. Prove it! Cite your source.
Obama/Biden 2012
TO: commonamerican1 who wrote:
Nope.
We know who he is and we know what our job is:
Vote a straight Democratic Ticket this November!
Obama/Biden 2012 Romney 1040
1.56 - Nice post, Bayllie. This list needs to be posted, and forwarded as often as possible.
ZMan2012, commonamerican1, and Ceasar Augustus are all idiots. Pointing out that there were not very many veterans at a campaign rally is attacking, or showing hate for veterans, how? Guess what, I'm a veteran and a liberal. Chris@SLC pegged you guys quite accurately as simpleton trolls.
Matthew, Houston, TX
unfortunately, it's a quick list that I put together in a few minutes before I had to leave - there are so many more examples of the Republican obstructionism that hurt most of us - and that's what's unfortunate.
Actually Jim, the Repubs/TPers in the 2010 Congressional election were NOT voted in to be obstructionist, they ran on the platform of JOBS, JOBS, JOBS....and have yet to put forth an ACTUAL jobs bill. Sure, they have tried to pass bills with Jobs in the title, but when you read them they are either attempts to repeal the AHA, attempts to remove regulatory agencies or to Defund Regulatory agencies....nothing actually having to do with creating JOBS.
On top of that, they have been refusing to allow a vote on the existing Dem jobs bills and stimulus, which REALLY WOULD create jobs,first by hiring people to work on the badly deteriorating infrastructure.
So, no, they were NOT voted in to stop President Obama's policies, they were voted in on their false platform to create JOBS. And, by the Repub logic, if they have not been doing their JOBS, then they need to be replaced, Right??
WHERE ARE THE JOBS THAT WERE PROMISED BY THOSE ON THE RIGHT....are we to think that they were lying the entire time....sure looks like it, which is why a great many of the Repubs in Congress are going to feel the pain of defeat right along with Romney!
Yeah, but we don't hear about anyone having to force attendance at an Obama rally. Unlike Mitt:
The ad, filmed Aug. 14, shows miners in hard-hats with coal dust on their faces, standing behind Romney at a mine in Beallsville, owned by Murray Energy. Its president, Robert Murray, is a Romney backer and Republican Party donor both as an individual and through his company.
Miners told David Blomquist, a talk radio host for WWVA in the area, the mine was shut down during the campaign event and their pay was docked but they were also required to attend the event.
A Murray executive, Robert Moore, told Blomquist, "Attendance was mandatory but no one was forced to attend the event."
Romney’s speech was the same pitch he makes to every group: the economy is stagnant, and I will grow it. You could do a find-and-replace for “Latinos,” “women,” “African-Americans” or, for that matter, “Inuits” and his speech would be the same.
Obama wants to put massive spending cuts into the Military, but he claims that Romney is bad for the military. So who is the liar?
Romney wants to be president so he can harvest taxpayers.
Another slanted skewed read from First Read. Surprise, surprise.
If you don't like it go to Fox.
I don't need Fox. Unlike you, I can think for myself.
Jersy shore girl,
If everything on First Read is so slanted and skewed, why don't you go somewhere fair and balanced?
Sure you do, living in that low information republican bubble in which the truth and facts can't get in.
The bubble ... love the Bill Maher bubble, Job1, and I think you're correct that Jersy Girl not only lives there ... she thrives!
Obama/Biden 2012
Snookie,
Really?
You haven't said anything to prove it to us...
So far, you've managed to demonstrate you're nothing more then another right wing talking parrot, who are a dime a dozen these days!
*yawn*
You are the boring one, Red. You repeat the same mantra over and over because you haven't got a clue or have the ability to think for yourself. I do have a college education and own a business.
anticipating the *sure you do* repsonse from Feisty HAHAHA
And, BTW Red, my major is in accounting.
JERSY GIRL - as I said before, a lemonade stand is NOT considered a business!
Oops - you slipped. See, if you were OUT of school, your major would HAVE BEEN in accounting - not "is in" accounting.
Obama/Biden 2012
How is the night shift at the truck stop?
and why wouldn't a lemonade stand be considered a business? better call Coutry Time and tell that guy to fire everyone...
What a waste of money that was!
Trolling truck stops is now considered a "business"?
Good 4 U for getting out of your "lair" more! lol
fuzzy - I don't know your party affiliation, but that was crude, childish, and just plain stupid...
grow up
Can't spell, can't write a cogent thought, but Jersey says she has a college education. When they MAIL you a diploma, after you pay $25 bucks on line....that's not a college education.
That's called a diploma mill!
Claims of slanted and skewed with nary an example. Why are we not surprised?
What is wrong with working at a truck stop? Thousands of Americans do. Is that job beneath you?
then exactly what was your intent? Sounds like maybe you had a bad experience with a "night shift truck stop" girl, did ya?
and even if you were "innocent", it sounds to me that you are the one that thinks that job is beneath your standards...
\\ here comes the deflection.... 10, 9, 8, ........
Seeking is right, as usual, from the Ivory Tower. Seeking has a masters from a prestigious college. Seeking KNOWS. HAHAHA
Will you look at this?
Phony indignation from someone who enjoys posting "rape" jokes for us...
AHHHH THE POUTRAGE!
Rikers Island was hard on Feisty. Forgive and forget. mostly forget
you know, just using the word rape in a comment doesn't mean i was making a joke about violence Feisty - re-read the post and see if you can figure it out, oh wise one.
A personal attack on the other hand is directed to hurt someone... something you know all about TIME OUT GIRL!
its hard when you see the opportunity to cry foul and victim at every corner. You cant say the word schwarz as that also means victim. and a myriad of other words that liberals have now made taboo
Oh BOO HOO! Now everyone is going to cry. It's OK to pick on someone if it's you.
But everyone else needs to play nice. OK I got ya!!
};~)
If nothing else, control freaks are predictable! ☺
tell that to Tyler who just didnt let you act Feral. What a control freak.
As morning Joe would say: "Oh Sweet Jesus" why don't you all grow up.
The name calling and insults, on both sides, does not advance the political thoughts.
Its one thing if you call the Republican party a bunch of dolts, idiots, nincompoops, dullards, brainless morons, retards, etc.; its something else entirely to do that to specific individuals. The former is fair game and probably some hyperbole, the latter is not acceptable.
Did "BIGGGG FEASTY" get disciplined ??????????????????????????
OMG ! How could I have missed this event ? Can anyone give details ??
CA - why does it bother you so much that I have a good education???? Very silly really!
Obama/Biden 2012
JERSY GIRL 1
Question: what does 47% of pi$$ed on Americans adds up to?
Answer: 100% of Romney's lost election
Oh bay-lie, my brother is amongst the 47%, doesn't consider himself pissed on and he intends to vote for Romney.
Kinda bursts your little progressive bubble there doesn't it junior ???
Ya' know, gang, I come on here hoping to get into a decent discussion about the lead story, and I find some of the most childish, inane BS I have seen since the eighth grade - and I'm addressing both sides of the spectrum here. By the time I get down to post 2.25, I have trouble remembering what the headline was about. Let's grow up, shall we?
it doesnt but you just can't see the fact that you call everyone dumb and never really say anything smart. You CLAIM your education and that is fine. Guess what, a lot of lefties also play really tough people but in reality is it true? not likely.
I agree dksouthern. Unfortunately it's a microcosm of what I see out in the real world as well. All the right wing hate radio (is there really any other kind?) has taken a toll on civility.
TO: jim-1455434 who wrote:
Well that makes 2 of you. Find 2 more and you play a nice game of cards.
Obama/Biden 2012
So your brother is going to vote against his own best interests? Romney couldn't care less about him, all of Romney's policies will only hurt your brother's situation, and make it harder for him to just earn a living. Yep, that really shows some intelligence.
Matthew
Obama hates Jew's, women, blacks, mexicans, wops, spades, and that (feisty red on the head like the dick of a dog). So if you disagree with his illiterate speaking style (kenyan) maybe you should also start wiping your ass with the left hand like obama. He's a stinking arab!
Well, Dennis, no one is ever going to accuse you of being rational, that's for sure.
Gwaddamn!, what an educated and cosmopolitan group of conservative Romneyites! Accountants, Psychologists, Philosophers, Educators, Engineers, and even several Physicists. Every one of 'em toting a poke of bullsh^t in one hand, while intermittently eating and strewing it with the other. No one pays any attention to a Circus anymore. With such available talent, It's a damn shame.
You must be new here...
When's the last time since 1929 that a Republican president presided over four straight years of four per cent GDP growth? The answer is simple: Never. When's the last time a Democrat did it? Bill Clinton, from 1997 through 2000. Democrats also put together four or more years of four per cent + GDP under Kennedy/Johnson (five years: 1962-66) and FDR - twice. First was a four-year stretch from 1934-1937, followed by a six-year stretch, 1939 to 1944.
I doubt Romney's considered that his 20% across the board tax cut would throw a few million who currently pay a small amount of taxes in with the 47%. Wouldn't that make them the 51% and insure he could never be reelected?
Larry, that's ridiculous ... you cannot "reduce taxes" on those who are not paying any.
Oh, and Matthew @2.37 ..... your post is in the running for the most asinine of the day. The "progressive" garbage that a person votes AGAINST THEIR SELF-INTEREST is merely a liberal concept to mask their haughty arrogance. The first problem with libs is they have this ill-conceived notion they are smarter than everyone else. So they consider themselves to be better judges of what is good for an individual .... than the individual is for himself ! This is basically a DELUSION OF ADEQUACY !!
My college-educated brother works for an architectural and engineering firm in Florida that has a severe lack of work. His pay and that of all employees was/were cut in half ... in hopes of surviving. They were waiting on all those SHOVEL-READY JOBS that Obama promised .... but alas, that was just bull$hit from Obama !!!!!!!
Oh, and GENIUS American Girl .... I pay significant taxes and am not one of the 1% either, so I am part of the middle class Obama seeks to destroy with higher taxes, higher energy costs and higher health care costs as mandated by Obamacare ! You'll just have to "read the bill to see what's in it" ... the many, SNEAKY little taxes of Obamacare ... eliminating medical deductions on the middle class !
The truth hurts, doesn't it, jimmy boy? Can't deny what I wrote so you have to attack me. You really are an idiot, and a fool, jimmy boy.
Willard is in trouble and It’s amazing that Willard Romney the talking lying buffoon, is the Republican choice for President.
In Virginia today.
tweets:
Crowd is singing along to "Let's Stay Together" by Al Green and waving Forward signs to the music. A magical moment.
Ed Schultz: This is big: BLS revision finds 386,000 more jobs added over the last year.
Sen. Jim Webb: "The stock market has doubled from 6,443 to 13,430 since Pres. Obama took office."
'Skipping school to be a part of history'
Here's what I just did: Cast my 2nd vote for BARACK OBAMA! With my husband & both my daughters. There are no words.
POTUS: "You're the reason a middle-class family got a tax cut and now they can use that money to pay their mortgage and buy groceries." Pres. Obama:
"You're the reason we ended Don't Ask Don't Tell!"
Man in crowd: "Love you Barack!" Pres. Obama: "Love You Back!"
Fantastic photos from Ohio yesterday:
http://theobamadiary.com/2012/09/26/oh-ohio/#comments
What is even MORE amazing Job1 is that you libbies have stuck with Obama even after he has demonstrated his total financial incompetence !!!
Though still a liberal, Hillary could have done better, but the Narcissist-in-Chief is back campaigning again ... 24/7, 52 weeks a year because (deep down) he knows he is not up to the job !
Pat- Thanks for link Great photo's and that great smile is contagious, Love our President!
TO: jim-1455434 who wrote:
See, Republicans just don't understand who is "incompetent" and who isn't, which explains why you still vote for the most economically incompetent group in the world, and the group who also refuses to consult with expert economists, or PhDs in Economics, or even Nobel Prize Winning Economists.
One thing Republicans can say about their "economics": They're bad and they know it (and NOT in a good way)!
Obama/Biden 2012
You just have to love it when idiots like ol' jimmy here say these things without offering any proof, and when the facts actually contradict their statements.
What financial incompetence?
...the numbers for Bush's last three months. Between October and November, 597,000 jobs were lost; between November and December, 681,000 were lost; and between December and January, 741,000 were lost.
April 2012 marks the 26th straight month of gains in private-sector employment, for a total of 4.2 million private-sector jobs.
DJIA Dec 26, 2008 8515
DJIA Sep 27, 2012 13485
Dec 29, 2008 (Bloomberg) U.S. corporate earnings fell for a sixth-straight quarter, the longest streak in at least 20 years, as consumer spending on automobiles, homes and retailers collapsed.
May 11, 2012 Fortune magazine released its ranking of the 500 biggest US corporations Monday, which showed that they received a record-breaking $824 billion in combined profits in 2011, up 16 percent from 2010.
Obama was handed a pile of @!$%# by his Republican predecessor - 7.8% unemployment (and rising faster than Halliburton's profits) and GDP shrank by 9%!! I find it interesting that everyone here now is only bitching about how fast the recovery is happening, not whether we are recovering.
Bush's ending unemployment rate was 7.8% but hit 10% while still under the Bush budget which ran until Oct. 2009. The only spending Obama was responsible for the first 10 months of 2009 was his stimulus which could only make those numbers better.
Financial incompetence anyone ?
How about $5.2 trillion added to the national debt in less than 4 years ........ and Obama has never had a budget ??????????
How about throwing $535 million at Solyndra which had already received a going-concern letter from their independent CPA auditors ????
How about the bailout of the cadillac health care plan for retired GM employees disguised as a "saving of GM" ???? You do understand, don't you, that GM filed for bankruptcy ...... ANYWAY ????? Now the U.S. is invested in GM and the stock they hold in GM is worth billions LESS !! Chrysler is now majority owned by FIAT.
Need more proof ? How about this so-called "pay their fair share" garbage for "MILLIONAIRES and BILLIONAIRES" .... that actually starts at the $200k/$250k levels and would only pay for about 8.5 days of the current, annual deficits ???? That's a big unexplained gap versus his rhetoric !!
Have you self-proclaimed "progressives" realized that is nothing but a smokescreen for the desired CLASS WARFARE to get him re-elected ? Have you ever noticed Obama does not give any numbers about how much/little revenue this will raise ???
No, I don't think Obama is financially competent and the "progressives" are drinking something much, much stronger than Kool-Aid if they do ! Obama is leading this country to the same, weak financial position that Greece and Spain currently have. In France, they want a 75% super tax on the wealthy ! This is the vision of Obama and his intended "Redistribution of the Wealth".
Jim-1455434, you continue to prove your stupidity with every post.
. . . of which less than $1 trillion was a direct result of policies championed by, and passed under President Obama. The rest are as a direct result of policies passed under the Bush administration when both Houses were held by Republican/TPs.
Would this be the loan that was started under, and pushed for approval by the Bush administration? Yep, that would be the one. Also, this was only a loss from a $1 trillion program that has had many more successes.
You really need to stop listening to FAUX Noise, and Limbaugh, jimmy. The retiree's, and all of the employees of GM, and Chrysler took benefit, and pay cuts. The bankruptcy was a well managed one that allowed both companies to survive, thereby saving, literally, millions of jobs. This rather than the type that kills the company completely, lays off all of the employees, and crashes an economy . . . you know, like Romney wanted to have happen. You also need to keep up with current events, Chrysler paid off the loans, WITH INTEREST, and with the way GM is going, when the final stock owned by the US Government is sold, it is quite possible that it will actually make a profit.
Now this is just stupid, jimmy. The fair share of taxes is also coupled by reforming the tax code so that over 35,000 millionaires who currently pay no taxes, and large, profitable companies that currently pay no taxes, actually pay taxes, as well as spending cuts, and boosting the economy to generate more revenue. You obviously have a problem understanding economics, and cherry pick information to create what is essentially a lie.
This really proves how really stupid you are when it comes to economics. Trying to equate Spain, and Greece to the US is a common mistake that people who are economically clueless make. There is no comparison that can be made, especially since they do not control their own currency, nor do they control their own interest rates.
And if you want to talk about redistribution of wealth, or class warfare, let's talk about how the top 5% have enjoyed all of the gains over the last 30+ years while the bottom 95% have barely moved, stagnated, or actually lost ground (depending on where you fall in that 95%), over the same 30+ years. Or how about the way that the Romneys always talk about those who are not wealthy as 'you people', or 'those people', or 'irresponsible', or 'lazy', etc. (remember, they were talking about you too, jimmy boy).
So, jimmy boy, you might want to become more informed, and not talk about things you know nothing bout before getting all self-righteous in your posts. As it stands, you have been shown to be a rather uninformed, stupid poster.
Matthew, Houston .... Where do I start ? You have so many outright LIES weaved into your diarrhea-like diatribe it is tough to pick an appropriate starting point !
First, like all liberals, you apparently do not have the gonads to man-up and accept responsibility for Obama's incompetence. Instead, you continue to blame anyone and everyone but Obama for his malfeasance.
Second, Bush stopped the loan to Solyndra because of their problems so you cannot pin that one on someone else either. The executives of Solyndra spent "considerable time" at the White House before this loan was approved. These same executives contributed significant campaign contributions to Obama and the administration "fast-tracked" an ill-advised approval.
Third, Chrysler has NOT PAID back all the loans so you are either intentionally lying or merely demonstrating your ignorance. Severas billion in loans to the "old Chrysler" have not been repaid. Your weak assertion that the GM stock will rise to a profitable status is merely wishful thinking. Government Motors got the bailout because Obama wanted to "BUY" the union votes.
Fourth, you did absolutely NOTHING to bridge the gap between Obama's rhetoric of raising taxes on "the millionaires and billionaires" versus the reality that his plan raises taxes on those making over $200k for single and $250k for marrieds. Besides, Obamacare already has raised taxes for earned income above the $200k/$250k level for earned income and 2.8% for investment income.
So libbies like you can attempt to imply someone as "uninformed", but the truth of the matter is you libs show an amazing void on tax matters and financial reality. The last thing you want to talk about is economic reality because your lies are like water off a duck's back.
Nothing in Obama's plan does anything to reduce the deficit, which he previously promised, because Obama's philosophy is to GRROOOWWWW our federal government at every opportunity ... and the excesses and wastes of our government go unchecked, unchallenged and uncorrected. Obama wants to solidify the cycle of dependency on government and those who have an inability to see the future are all in favor of such stupidity.
It sounds like you may fall in the ranks of the highly gullible !
Jim: You call people supporting Obama gullible for believing Obama's the better choice to deal with out national debt and yet you support the man who intends to cut revenues an additional 5 trillion, increase military funding 260 billion a year and restart the space program at a cost of several hundred billion a year to solve our deficit. I'd accuse you of drinking Kool aid but clearly you're drinking something far stronger. How about tabling your hatred of Obama, actually reading Romney's plans and explain how anything he proposes would solve anything. How would cutting 500 billion a year in taxes mostly for the rich create jobs when Bush's 400 billion mostly to the rich tax cuts ended with a job creation record of 138,000 jobs per year barely better than Obama's per month record?
No "hatred" of Obama, but I am not surprised at your attempted distortion. Obama's debt increases speak for themselves as does his failed stimulus. The shovel-ready jobs simply WEREN'T !!!!!!!!!
We don't elect Presidents because they are "cool", because they can sing, they can dance and maybe because they consider themselves "eye candy" for the women on The View .... (please pardon me while I hurl). We elect them because they are competent in reducing unemployment ... which is STILL above 8% !
By the way, please take your garbage line of tax decreases for the rich and stow it where the sun does not shine .... you simply cannot CUT taxes on those who are not paying any !!!!!!!! The Bush tax cuts reduced taxes for ALL LEVELS of those who were paying taxes 15% down to 10%, 28% down to 25%, 39.6% down to 35% but with elimination of exemptions at higher levels of income !
But then again, that would be "an inconvenient truth" for you libs to actually admit the truth for a change ! It would counter your class warfare strategy for the gullible.
Give it up, Larry. Jimmy boy is too stupid to have a clue about what he is talking about. All he is, is a bomb throwing imbecile, who doesn't have an original thought in his head, and can only parrot already debunked Republican/TP Inc. talking points. Reading comprehension is not his strong suit, either.
Have the supporters of any candidate who was ahead ever questioned the polls or blamed the "media"?
I hate being right ... it means I have to re-evaluate everything. Nothing is right or wrong, only thinking makes it so ... the curse of actually thinking.
The $680 that I placed with INTRADE will be paid out of the pocket of some lied to Romney believer @ 10 bucks for every $6.80 I invested .
I am letting conservatives PAY ME $320 which I will promptly DONATE in THEIR NAME to PLANNED PARENTHOOD .
.... the "paybacks" from this election are going to fall heavy & swift on those who voted GOP .
@Mister Fids#4.2: I wanted to do considerably more until I found I couldn't get away with the 15% capital gains tax rate on my profit. That's not right. I don't see any difference in a bet and an investment. Gwaddamn republicans! Except for this election, they've got everything rigged in their favor! Aye Gwad, I can be as goofy as the best righty when I set my mind to it.
Obama is the lair. He will tell you anything you want to hear to get your vote. And you guys just keep drinking the Kool-Aid.
Gosh, these far right folks are going crazy knowing that Willard is done.
Don't let him lure you into that...
Only Super-Villains have "lairs" It isn't fair...
Damn you Lex Luthor!!!
Jersy Girl ...
And right now what his ads have been stating is what Romney stated to his fellow wealthy benefactors ... that 47% of this country doesn't matter to him. I kinda like a President that reminds the nation that the opposing party thinks themselves better than half of this country.
Obama/Biden 2012
"Obama is the lair..." Really Jersey? Go back to school, get an education. Learning will open the WORLD to you and hopefully, your mind.
Obama is also rich, as are many movie stars and athletes, so what.
And Romney--don't tell us that he doesn't tell everyone what they want to hear to get their votes--to the point of absurdity where he changes his story for each audience...repeal Obamacare and brag about Romneycare....we have a safety net for the poor all the while telling others he will dismantle it...and so on and so forth.....ad nauseum. He must be getting whiplash by flipping and flopping positions so much!
"We have met the enemy and he is us!" Pogo by Walt Kelly
Jersey Girl 1: there have been many people who run for political office who, by most standards, could be considered "rich." More than 75% of Americans would not, by any standard, be considered rich. Unfortunately, it is very likely that 25% or more of Americans are considered poor.
Willard Mitt Romney, the son of the former governor of Michigan, who, as a child went to private preparatory schools and had the advantages associated with having a father who was once the president of what was at the time the fourth largest automobile maker in the US is very rich. Romney is rich enough that he can decide to NOT take deductions for money he GAVE AWAY which amount to more than the average American earns in 20 years.
The issue is not his wealth. It is how that wealth has warped his thinking. When talking to students about how they could get $20,000 to pay for college or starting a business, Mitt Romney suggested the students just borrow it from their parents. He had no issue making a $10,000 bet with Gov. Rick Perry. Romney just does not realize that those are the kinds of sums that most people work very hard to EARN.
When he dismisses almost half of the country as victims, he indicates that he does not care for half of the country. What the Democratic party has been saying for the last 10 years is proven as true. The GOP really is only out for the wealthy.
JG...are you like 12 yrs old ?
when you go out for walks are you still in a harness ?
The dichotomy of your rants indicate unresolved issues of polar extremes...
I think we Liberals have you all in a bundle & cornfuzed...
perhaps rejoining you fellow compatriots in the sewer will alleviate your imbalance ?
Obama's family were prominent bankers in Hawaii. They were hardly poor.
TO: JERSY GIRL 1 who wrote:
Obama who?
You must have googled the wrong "Obama".
I hate to keep saying that Republicans are "clueless" but they just keep proving it everyday!
Obama/Biden 2012
Isn't it sad Repubs are so gleeful whenever bad news about the economy comes out they act all mournful but in their heart of hearts they are jumping for joy.
GOP need Americans and America to suffer, because they think it will win them the WH....it won't.
I am not happy about the news. My business is down to less than half of what it was in 2008. Why would I be happy about that?
I'm sorry to hear, trolling truck stops just ain't as lucrative as it used to be...
jersy: GOP says if you can't be a success it is your own fault...be a better business owner.
Or take Romney's advice and borrow $20,000 from your parents..
Jersey Girl: the irony is, you're looking to the government to improve your business, instead of building it yourself.
Funny how the principles of the free market don't apply to Republican businesspeople.
Gives you more time for the downtown boys. That's gotta make ya happy. But I digress. What are you doing to scare your clients away. Screaming Obama lies at every customer that walks through the door might be part of your problem.
I am not looking to anyone for help. I have not taken a government handout or bailout. I have not given one employee a pay cut. In fact they have had pay raises. I took the pay cut. I did not lay one person off, if they left I didn't replace them. Most all of my employees have been with me for ten years or more. I am in retail sales, and retail sales are down. It is not just corporations who are holding on to money, it's individuals as well. Everyone is nervous about the economy. My business is an S Corp, and for those of you who are too dumb to know what they means, any profit my company makes, I take as personal income.
Yep, I do enjoy story time, Jersey. In other words, you are a clerk in a store. So funny!
JERSY GIRL - IF you own a business - and we all know you don't - and it's down to half of what it was in 2008 then you'e lousy at what you do!
Obama/Biden 2012
Feisty, a new monitor please.
Everyone is nervous about the economy
Back to my point: the Republicans have been talking doom and gloom for the past three years. They run negative ads night and day about how "bad" everything is. Republicans were elected in 2010 to improve the economy, and all they did was endanger our credit rating. If your business is down, blame the Republicans. Why would you blame President Obama?
Jersey Girl .... this is simply too funny ! While all the "progressive spouters" have tried to attack and discredit you, they just proved they have NO CONCEPT of what an S-Corporation is and how the taxes work !
These are the same ones who will rattle their tongues about corporate taxes being down ! LOL !! They don't know the difference between a C-corp and an S-corp !!!
Jersey Girl...your problems & financial distress should be direted at YOUR CANDIDATE,
not readers of news articles !
Why whine in a room FULL of people who have NO USE FOR YOUR EXCUSE ?
Funny .... I saw no excuse, merely her statement of facts. But that does not fit your liberal agenda, does it ?
First off, Jersey Girl 1, of course your business is down by half from 2008, it was late 2008 that the recession hit. Tell us, what are your sales like compared to late 2009? If they are down, then you are doing something wrong because everyone else is up . . . well, every competent businessperson's business is up.
Second, demand has not come back as much as it could have due to the Republican/TP Inc. party obstructing everything that would help raise demand that they possibly could to make President Obama look bad (see list at 1.56, above).
jim-1455434, you are only an bomb throwing simpleton. You keep trying to make something out of nothing. Just how does anything anyone said prove they don't know anything about an S-corp, or how taxes work? Every post you put up just proves how immature, simple, and foolish you really are.
TO: JERSY GIRL 1 who wrote:
Because it's not true? A whole lot of Republicans tend to "create" bad news because they are Republicans and they think their "lies" make the President look bad, but it is Republican inaction that makes Republicans look bad to me. If the economy is that bad, then the GOP needs to sign the President's Jobs Bill.
We know that businesses ARE booming and it's been all over the news that business income has increased 13%, and the Stock Market is also booming, so tell us another one, unless of course you're just a bad business person anyway.
Obama/Biden 2012
Oh, Matthew, Houston ..... yes, you have a problem ! You cannot counter my argument with valid points, as expected, but take the typical libbie approach and turn to a personal attack on me. Were your comments and history significant, I would be crushed ... but alas, you are irrelevant !
Yes, as an experienced CPA... I am just a "simpleton" although the vast majority of CPA's I converse with at continuing-education seminars KNOW that Barack Obama is a financial clu$terf_ck ! He has NO BUDGETS, NO PLAN, and NO CLUE !
By the way, I noticed you still didn't address the topic of how S-corps work. Is it over your head, junior ???
jimmy boy, no it is not, but I don't have to explain anything to an a$$hole like you.
You're a CPA? I seriously doubt it. And even if you are, being a CPA does not mean you understand economics (and you don't, as you have proven in your posts), nor does it not make you a simpleton. I stand by my critique, you are a bomb throwing, simpleton, and I will now add a liar, on top of it all since all you have to do is go to the President's reelection website to see his plan.
You do realize that the President does not make a budget, right? He can only propose a budget, and it is actually the House of Representatives who are required to create a budget, but I guess understanding how the budget process works is over your head, fool.
Now you are confusing yourself Matt .... YOU called me a "simpleton" (amongst other personal attacks) now you say "nor does it not make you a simpleton". Then, of course, you attempt to attack my professional status.
No, you don't "have to explain anything ...", especially when YOU ARE NOT CAPABLE ! Geez, you should be able to Google the topic and avoid embarassing yourself the way you are doing !!!!!!
Oh, and the BUDGET .... Obama's BUDGET proposals have been so bad, that he has not received ONE SINGLE VOTE supporting his proposals ..... not even from his own Democratic Party !! LOL !!! But the House HAS passed budgets, only to have Harry Reid sit on them ... with no attempt from Obama to have 'ole Harry do his job and actually PASS A BUDGET, as requirerd by law !
Harry is Obama's henchman and his hit-man .... making an outlandish accusation against Obama's opponent that has already been proven to be a LIE !!
As I said above, and you have just proven, reading comprehension is not your strong suit.
If you could comprehend what I wrote, you'd know that I did not contradict myself, but you're too stupid to understand that. As to personal attacks, I am simply pointing out what you, yourself prove with every single post. Professional status? From the way you write, and your idiotic posts, I doubt you have even graduated from high school.
What, you still waiting for someone to explain to you what an S Corp is? You couldn't understand it when you 'googled it' and was hoping someone would explain it to you? Me embarrassing myself? Seriously? This coming from an idiot posting lies, and Republican/TP Inc. talking points (I know, that was redundant) as if they were true? Hoo boy, son, you really have been fooled.
Again, the President does not submit a budget, he only proposes a budget, and if you knew anything about parliamentary procedures, you'd know why his proposed budget was voted against by the Democrats. But that would require you to have more intelligence to understand than you have demonstrated in your posts.
Really? It has? And just how was it proven to be a lie when Romney hasn't released the tax returns to disprove the claim? We're supposed to just take the word of a known, and proven liar like Romney? You really are stupid.
GDP? Americans don't have a clue what GDP is.
Just not stimulated.
Mitt Romney will win the state of Virginia.
Bob, you may need to dust off your crystal ball...didn't you also predict your gov. would be picked for VP?
VP Bob,
I will make a bet with you. If Willard wins Virginia I will stay off First Read for 6 months and when the President Wins Virginia, you agree to stay off for 6 months.
Oh Job1, that would simply make you hold in all your irrelevant posts ... until you POP !!! like a zit that has just been squeezed !!!
Kind of like the zits that you squeeze and pop on your fanny?
Are you watching my fanny ? I had no idea you were gay ... "not that there's anything wrong with that" ..................................... as per Seinfeld.
Actually, only the pretty fanny's.
VirgiBob cannot answer,
he is waiting for instructions from Rush
so he knows what to think & say .
A brain is a terrible thing to waste if you don't have a socket to plug it into ...eh Bob ?
Bob ?
are you there ?
It won't change things.
Contempt for the GOP and it's candidates is going through the roof.
As of today the GOP has now been branded forever as "AKINIZED" This should be a great slogan for the democrats campaign.
Soooo....none of the liberals here can comment on the GDP downgrade. All they can do is "attack the opponent." Typical.
oscar: You would disregard any comments we make anyway...wouldn't you?
No, Dragon, looking for a discussion about the topic, not attacks. What drives you to make such a sweeping generalization??
Dont expect substance here...only thing that has changed is Feisty has tuned down her insult-meter..
She no longer calls me a name based on a woman's private parts....
True, Bob. Give it a week or two, though. She / IT can't help itself.
You want substance?
The midwest has been suffering a drought, which has led to a reduction in our GDP. How would Mitt Romney's tax cuts for the wealthiest alieve a drought?
Ok, Oscar, here's why Romney is losing and gonna take a bunch of GOP candidates with him, and what you guys just DON'T GET!
The American people know who caused their problem, and they know who has/is preventing the resolution of their problem! Got that? Because until you do, the GOP will win no more elections! My God, it's not rocket science.
HAHAHAHAHAHAHAHAHAH!!!!!!! OMG!!!! MAKE HIM STOP!!!!!!!PLEASE!!!!!!!!!
HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAH!!!!!!! OMG, MY STOMACH IS HURTING!!!! MAKE HIM STOP!!!!!!!! HAHAHAHAHAHAHAHAHAHHAHAHA!!!
Oh, let's just take a look at that housing bubble, shall we?
From Wikipedia:
The U.S. subprime mortgage crisis was one of the first indicators of the late-2000s financial crisis, characterized by a rise in subprime mortgage delinquencies and foreclosures, and the resulting decline of securities backed by said mortgages.
The ratio of lower-quality subprime mortgages originated rose from the historical 8% or lower range to approximately 20% from 2004-2006
From the moment George W. Bush entered office, he was pushing low/no downpayment mortages. From a radio address to the nation in June, 2001, just six months after Bush took office:
For instance, while the rate of homeownership amongst all Americans is nearly 68 percent, the rate among African-American and Hispanic families is under 50 percent.
One particular program, the American Dream Downpayment Fund, will provide $200 million in downpayment assistance to help 130,000 low-income families buy homes.
So what is the American Dream Downpayment Fund? This fund was established by the American Dream Downpayment Act, passed by the House and Senate and signed into law by George W. Bush in 2003.
All legislation is documented on government websites. Look this one up; it is quite interesting:
American Dream Downpayment Initiative (ADDI) - signed into law on Dec 16, 2003.
Sponsor: Sen. Wayne Allard [R-CO]
Co-sponsors: Samuel Brownback [R-KS]; Conrad Burns [R-MT]; Ben Campbell [R-CO]; Michael Crapo [R-ID]; Michael Enzi [R-WY]; Charles Hagel [R-NE]; Lisa Murkowski [R-AK]; Richard Santorum [R-PA]; Jefferson Sessions [R-AL]
Note that there was not one Democrat co-sponsoring this bill. The bill was sponsored by a Republican, co-sponsored only by other Republicans, passed by a Republican majority in the House and Senate and signed into law by a Republican president.
The biggest provision in this bill was to reduce downpayment requiremenst for any GSE (Fannie Mae, Freddi Mac and FHA) loan to 3%.
From a bipartisan Congressional report by the House Committee on Oversight and Government Reform on the subprime mortgage crisis released in 2009 (summary here):
Lower down-payments led to housing prices that outpaced income growth: Once government-sponsored efforts to decrease down payments spread to the wider market, home prices became increasingly untethered from any kind of demand limited by borrowers’ ability to pay. Instead, borrowers could just make smaller down payments and take on higher debt, allowing home prices to continue their unrestrained rise. (p. 11)
The Government Sponsored Enterprises led the way into the housing crisis: Fannie Mae and Freddie Mac were leaders in risky mortgage lending. According to an analysis presented to the Committee, between 2002 and 2007, Fannie and Freddie purchased $1.9 trillion of mortgages made to borrowers with credit scores below 660, one of the definitions of “subprime” used by federal banking regulators. This represents over 54% of all such mortgages purchased during those years. (p.24)
Interesting timing, isn't it? All of this happened on Bush's watch, not Clinton's. Make no mistake - this was a Republican housing bubble and a Republican recession!
“We have to have a strong economy. Right now, Russia’s economy is growing at about 4 percent per year. That’s their GDP growth. Ours was just revised last quarter down to 1.3 percent per year -- about a quarter or a fifth the rate of Russia’s,"
Romney, with math like this, we really need to see your taxes.
As for the economy, thanks for pointing out that America is on the right track with Obama's clean energy resulting in lots more fracking. Fracking that is creating American jobs and thanks to several natural gas pipelines coming on, it is expected to turn the US into an energy exporter, just like Russia.
That is, unless we decide to change from Obama's plan of supporting US natural gas and instead turn to Republicans support of oil from Canada.
Amy B. Portland, ME
By the same token Amy; how would RAISING taxes on ANYBODY (let alone the wealthy) solve that same dought?
Now there's a reliable, unbiased source on fracking if I ever saw one . . .
<end snark>
Like income for ordinary people it's easier to pay bills when you have higher revenue. When you have a debt of 16 trillion lowering taxes will never allow you to pay that debt off. Yes you need to reduce spending but across the board. Republicans will only support cuts to social program spending and never military or pet projects. Nothing can be a sacred cow. If you have a family income of 100K and 50K in debts most reasonable people would think it a bad time to give up that second job and 1/3 your income like cutting taxes by 30% would be.
Ryan voted for the defense cuts that he is whining about. He was on the committee that put those in place, and he was one of the key votes in favor of it. What a hypocrite.
And all becasue right wing won't hear of even a penny's more tax on the billionaires.
Conservatives & REPUBLICANS dispise paying TAXES...
they think they should live FREE OF CHARGE & RESPONSIBILITY in the greatest nation in the world ... they THINK this country OWES THEM A FREE RIDE....they claim it is a "FREE COUNTRY"...thye want the rest of America to pay their tab .
Example- The MN GOP never paid their rent after the convention in St. Paul.... they let it go for 6 months AND THEN
filled suit against the building OWNER & claimed POVERTY !!
in MN Bachamnn has a $2mill BILL past due on her batshat crazy campagin for POTUS...she is stiffing ALL of her creditors... claiming POVERTY ... while she sits on over a million in cash for her Rep run .
R's &C's are ALL ABOUT fiscal issues.....DODGING THEM or KICKING TH CAN DOWN THE ROAD .
I over heard two soccer moms discussing the election one was obviously voting for Obama as the least of two bad choices. Saying to the other, " I just could not support Mitt. He just seems to be missing something."
The other mom seemed offended and shouted, "What?"
The first mom in deep thought for a long silent moment, said quietly, "A backbone".
My daddy says a fish out of water would have a hard time keeping up with Mitt; both being in desperate situations. Which will run out of air first, obvious, and that is so depressing.
The US GDP declined because of the drought. It's not the President's fault, who is not in control of the weather. The question is what is the response to the problem? The GOP Congress quit without passing the Agriculture bill that had measures to help farmers deal with the consequences of the drought. The Republicans believe in the divine right of the president to control everything including the weather; the Democrats believe in joining together to meet any crisis that affects our well being.
Oh, Frankie......listen up
CNN just reported......In the year following Obama's inauguration, the U.S. economy lost about 4.3 million jobs. But new figures released Thursday show 4.4 million jobs have been added back since then.
Sorry for the bad news (for your doofus candidate).
HAHAHAHAHAHAHAHAHAHAHA......................................HA
The Republicans have killed every jobs bill they have been presented with. This Dog and Pony show has been going on since Obama got elected. The GOP is the party of NO and they have no ideas of their own except to give a windfall tax cut to the super rich and big oil. Romney is playing by the rules crafted by the extreme right and has no platform to run on. Everyone understands the GOP playbook crafted by Rove and perfected by Dubya.
Nota-Lets see 4 million jobs + 4 years = 5 trillion more in debt + Increase in Welfare and Food Stamps + AAA rating downgrade. Yep Liberal logic
Most intelligent Americans realise that our national budget runs through October. So in 2009 we continued to lose jobs while the country was still under Bush's budget. Funny we had to totally get the stink of Bush gone before we could begin growing jobs again. The 2 worst years of the recession were 2008 and 2009. Other than Obama's stimulus he had nothing to do with accumulated debt or policies for 10 months in 2009. And the stimulus helped save millions of jobs. Bush's stimulus went mostly to banks and financial institutions. Defend that.
Willard will use anything he can to attack Obama, but the same question remains:
What will you do to improve things Willard?
How can he think he will win any argument without an alternative proposal? Oh right, he's got the wingnut hatriots behind him, of course. The problem for Willard is that those hatriots are outnumbered by reasonable people who have been paying attention. The Myth is going down. Mark my words.
Mitt's alternative proposal is a lot of hot air and "do nothing".
Same as the GOP agenda since Obama was elected.
Would that be anything like a promise to close Gitmo, and do nothing ?
Would that be anything like a promise to cut the deficit in half ... only to raise it even higher ??
Would that be anything like criticizing a former President for raising the debt ceiling, decrying how it will be a burden on our children ... only to DO IT MORE ???
Willard says he cares about the working middle and poor just like Obama, but unlike Obama his plan is better for them.. WHAT PLAN. What's your plan Willard??????? We'd like to know before we vote for you. But....before you answer, explain for us if you will, the video tape of yourself writing off the 47%, hiding money in the Caymans, not disclosing your taxes and a plan to raise taxes on the middle class while lowering them for the rich. Hmmm, what do you think.
IF Bishop WIllard IS elected....
he will spend the NEXT FOUR YEARS
DODGING QUESTIONS ABOUT him taking the 2009 TAX AMNESTY
and all of his taxes from every year since 2000 .
JUST LIKE THE BIRTHER "ISSUE"...
this one will stink for 4 years & prevent ANY progress for America !
Can I borrow your crystal ball Mister Fids .... I mean, since you KNOW the future, maybe a little help will allow me to place the right bets on football teams this fall !
Who will win the National Championship in college football this year ?
GDP downgrade? Well, after years trying to get people back to work, that's an indicator that lags behind the economy.
However, recent CNN report will eviscerate Romnoids jobs creator argument because In the year following Obama's inauguration, the U.S. economy lost about 4.3 million jobs. But new figures released Thursday show 4.4 million jobs have been added back since then.
I guess Rombot can plan to move into his offshore account safety deposit box attached to the car elevator along with his buddy Lyin' Ryan.
HAHAHAHAHAHAHAHAHAHAHAHAHAHA.............................HA
A one time job adds very LITTLE to the economy Frank, so your repeated post is truly meaningless, give it up dude, yet party is toast across the board!
The GOP has been trying to sabotage the economy for 4 years! They've made MILLIONS of families suffer!! They met on Obama Inauguration Day evening, over a steak dinner no less and planned strategy. At a time of crisis, with the country’s entire financial system near collapse, with the economy collapsing, with the stock market collapsing, with unemployment skyrocketing, with people losing their jobs and retirement money, the GOP announced that THEIR #1 priority was to assure that Pres. Obama was a 1 term president!!!
They abandoned their duty to the American people for the sake of sabotaging a new president taking office in the midst of the greatest crisis since 1929.--- for the sake of political gain! I don’t know if that fit’s the legal definition of treason, but it sure smells like it and is at the very least, un-American and unpatriotic. Never before have I seen a political party abandon it’s country in time of crisis! NEVER!
They trying to drive the economy back into recession before election day. But the economy kept growing, however slowly, DESPITE what the Republicans did or failed to do!
They accuse the DEMs of doing what they themselves did! The economy crashed under bush and the GOP policies! The other day, Romney bashed Pres. Obama about the debt. Yet, the fact is, if the last 3 GOP presidents had NOT signed TWENTY deficit riddled budgets and saddle Obama with a $1.3T deficit, WE WOULDNT HAVE A DEBT CRISIS!!
They are bad for this country and favor the wealthy and corporate elite while giving Joe America the fingers. Throw them ALL out!!
http://thetandd.com/news/opinion/gop-plot-is-definitely-un-american/article_9b7b63fc-a6c2-11e1-bb29-0019bb2963f4.html
http://tucsoncitizen.com/baja-democrats/2012/06/10/did-republicans-deliberately-sabotage-the-economy/
http://www.foreignpolicy.com/articles/2012/07/23/how_republicans_sabotaged_the_recovery
http://tpmdc.talkingpointsmemo.com/2011/11/threes-a-trend-polls-show-voters-believe-gop-intentionally-stalling-economic-recovery.php
http://zfacts.com/p/318.html
Frank:
Nice strawman agument. You didnt address a SINGLE THING I posted! I would remind you that tax breaks for the wealthy and big businesses that moved out of the country didnt produce domestic jobs. They both went about applying those breaks to their bottom lines. And wy are we giving business tax breaks to take jobs OUT of the country instead of giving them breaks to bring jobs BACK??? That's every bit as dumb as the GOP's plan to hand over SS and Medicare to the same people who crashed the economy! LOLOLOL. BRILLIANT!
Now, about the GOP abandoning the country in 2009 and the GOP's deliberately debt crisis....................
BTW...... it's Frank Pentangeli! (5 angels)
...is that another echo from Rush Frank ...?
you convince NO ONE HERE of anything
but we are ALL aware that you have been acting DESPERATE for 2 weeks now
is there a problem you can solve or fix that is causing you & US all of this anxiety ??
perhaps a stool softener would solve you dilemma ??
If Romney was so concerned about the economy in this country then why is he doing so much business overseas instead of right here at home? He doesnt care! He is just casting dispursions again to throw attention off of himself. What a pantload he spews.
We all know he will say or do whatever it takes to get a vote. The man makes John Kerry look like the POPE!
Mittens gives true meaning to the word flip-flopper ...and I dont need a source to be aware of that fact!
Blind TRUST....
the thing Bishop Willard dictates when it comes to his TAX RETURNS... ??
Sorry FRANK.....your GOP sold the ownership of "TRUST" when Mitt won the kiddy kar Konvention...
and when the primary vote in Iowa was PUBLICLY changed 4 times
to GIVE Mitt the win .
Frank: Do you really read so little? Romney's blind trust is ran by his personal attorney, friend and the man he appointed to head his Cayman's island company. This "blind trust" invested 10 million dollars in Romney's son Tagg's company. When questioned about this he claimed this loan was without his imput or knowledge but he assured us if elected president he would put his money in a truly blind trust.
Larry, you babble a lot of words about something totally irrelevant ... it's his money. Now if he had a shady real-estate deal with Tony Rezko, a convicted felon, that greatly increased his wealth ... now that would be worth talking about !
This guy really cares!!!
In Colorado Springs .
On TV, the Colorado Springs police chief begged Obama not to come as he had no resources to protect him, And didn't need the extra burden ....but Obama came here anyway..
Read this: Colorado Springs ..…they had to suspend flights of the fire fighting tankers because the big O came to town.
No air traffic could be in his vicinity, so the firefighting planes had to stop. The big O (zero) spent hundreds
of thousands of taxpayers money to fly across the country in Air Force One to Colorado to make a campaignstop in the middle of a tremendous fire, thereby totally disrupting all the firefighting and police efforts, and causing millions more in fire damage to forests and homes.. and peoples lives.. all just to make himself look more prominent in the news. This is what we have for a President of our country now folks.
He sure has the best interests of Americans at heart doesn’t he! We got "change" alright!
-- Cathy Harris
Colorado Springs , CO .
David- I call BS, living here in Co I know your story is just that, just goggle it, heck even fox news carrying the real story, or you can print this planted story, by whoever Cathy Harris is.
Co Springs Police Chief Peter Carey: The Presidents visit would not tax cities already strained police force....
Gov Hickenlooper said he expected the President might sign a disaster declaration....
Wow, just run with made up stories and out and out lies, maybe to deflect from your candidates lies, and poor poll numbers?
Walt Disney would love this guy but they already created Pinocchio
Yes, Disney did indeed love "Odumbo" !
Romney has often used the excuse he was unaware of how money was invested with because it was in a blind trust even though his friend and personal attorney ran it. Accusations of business with Iran that were illegal due to sanctions and many considered unscrupulous. Any rational person believe that?
http://abcnews.go.com/Blotter/mitt-romneys-blind-trust-blind/story?id=15188063
Accusations and PROOF are entirey different things !
Allegations, a la Chicago thug-style politics, run rampant with the libbies and Harry Reid has been a good and loyal lap-dog for his master Obama.
Proof by the libbies is usually quite entertaining, imaginative and lacking in substance. Innuendo and insinuation are the best they have.
Do you really want as President a Barack Hussein Obama that merely knows how to give away, waste, invest unwisely if not foolishly, and spend without accountability ??? Obama is a financial moron.
Spin how you like libs....the number went down and that's a fact...but then again I know y'all aren't big on facts or the truth.....
I kinda like that Feisty Entity! Great Energy!
Obama/Biden 4 Sure 4 More
Mitt Romney: nothing new to say, and all his old stuff is baloney.
But apparently a lot of Republicans like baloney with their tea!
Why does Romney make a debt downgrade and possible default out to be such a bad thing?
Because it is a bad thing, and it merely shows how the "original" economic news released by this administration is almost always FALSELY POSITIVE ... only to be downgraded later when it receives less attention.