America: It's still Bush's economy

[memphis]

http://www.gallup.com/poll/127472/Bush-Gets-More-Blame-Economy-Obama.aspx

[paul718]

Neither should carry the blame.

[MasterJedi]

In reality it should be the banker's economy, then Obama's he's had enough time to pass what he said would fix the economy by now.

[Franzl]

Neither should carry the blame.

[Oakvale]

In reality it should be the banker's economy, then Obama's he's had enough time to pass what he said would fix the economy by now.

Note how the economy is recovering as opposed to collapsing into Depression. Yeah.

[Bo]

No, it's Greenspan's economy.

[CultureKing]

In reality it should be the banker's economy, then Obama's he's had enough time to pass what he said would fix the economy by now.

Note how the economy is recovering as opposed to collapsing into Depression. Yeah.

Agreed, economic recovery takes at the very least months and often years to get going. The fact that we may actually be on the up side of things now seems amazing considering the desperate situation a year ago.

[© tweed]

it's Reagan's economy, if we're to assign names.

[opebo]

it's Reagan's economy, if we're to assign names.

Yes, that is going to the root of the problem, though obviously the ruling class always supports policies which end up destroying the economy.

[dead0man]

Anybody that blames or credits the sitting President for the current economy is an idiot.  Period.

[Oakvale]

it's Reagan's economy, if we're to assign names.

[HappyWarrior]

Anybody that blames or credits the sitting President for the current economy is an idiot.  Period.

[Grumpier Than Uncle Joe]

Will you send a memo when it becomes Obama's economy?  K?  Thx.

[bgwah]

Will you send a memo when it becomes Obama's economy?  K?  Thx.

Once were in a boom it will be Obama's...

[fezzyfestoon]

The economy does what it wants, it's all our economy.

[Grumpier Than Uncle Joe]

Will you send a memo when it becomes Obama's economy?  K?  Thx.

Once were in a boom it will be Obama's...

Thank you bgwah, and if we never hit the boom I guess Bushie still gets the blame in 2012?  Gotcha

[Obnoxiously Slutty Girly Girl]

Neither Both should carry the blame.

[Brittain33]

Neither Both should carry the blame.

What did Obama do to cause the current high levels of unemployment?

[Obnoxiously Slutty Girly Girl]

Neither Both should carry the blame.

What did Obama do to cause the current high levels of unemployment?

Prevented the market from correcting itself, spent massive amounts of money that should have instead gone to cut taxes, implemented interventionist programs that harm the economy, etc, etc.

[Free Trade is managed by the invisible hand.]

Neither should carry the blame.

I agree but its not stopping people from thinking that way. Speculative bubbles and economic panics have been around since the 17th century.

[Bo]

The economy does what it wants, it's all our economy.

No, it's China's puppet economy.

[Badger]

Neither Both should carry the blame.

What did Obama do to cause the current high levels of unemployment?

Prevented the market from correcting itself, spent massive amounts of money that should have instead gone to cut taxes, implemented interventionist programs that harm the economy, etc, etc.

But Obama did cut taxes.

http://en.wikipedia.org/wiki/Stimulus_Bill_of_2009#Tax_cuts

[Obnoxiously Slutty Girly Girl]

Neither Both should carry the blame.

What did Obama do to cause the current high levels of unemployment?

Prevented the market from correcting itself, spent massive amounts of money that should have instead gone to cut taxes, implemented interventionist programs that harm the economy, etc, etc.

But Obama did cut taxes.

http://en.wikipedia.org/wiki/Stimulus_Bill_of_2009#Tax_cuts

"Tax credits" are not tax cuts.

Increasing deficit spending to give "tax credits" to people who didn't pay taxes in the first place (i.e. welfare) only exacerbates the problem I described.

Nice try, though.

[Marokai Backbeat]

Neither Both should carry the blame.

What did Obama do to cause the current high levels of unemployment?

Prevented the market from correcting itself, spent massive amounts of money that should have instead gone to cut taxes, implemented interventionist programs that harm the economy, etc, etc.

But Obama did cut taxes.

http://en.wikipedia.org/wiki/Stimulus_Bill_of_2009#Tax_cuts

"Tax credits" are not tax cuts.

Increasing deficit spending to give "tax credits" to people who didn't pay taxes in the first place (i.e. welfare) only exacerbates the problem I described.

Nice try, though.

Tax credits are effectively the same thing as tax cuts, as they reduce taxation, just in return for specific conditions. A reduction in the amount of taxes is a tax cut by definition, as a "tax cut" is not an action in itself, but the phrase used for "tax reduction" and reduction=cut=drop=lowering. It's just not a blanket tax reduction.

Also, I had no idea that vast amounts of the American public paid no payroll taxes, sales taxes, toll taxes, state-specific taxes, consumption taxes, or gas taxes! Obviously federal income taxes are the only taxes that exist!

[fezzyfestoon]

The economy does what it wants, it's all our economy.

No, it's China's puppet economy.

No, it's not...at all.