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244 Comments
- inactive, on 02/19/2008, -8/+138The economy is great for the top 1 to 5%. No one else matters to BushCo.
- Allegiance, on 02/19/2008, -6/+78Yes folks, there's our leader! Embarrassing, ain't he?
- Erich100, on 02/19/2008, -11/+77The Fed has the most power over our economy. Nothing is left to chance with this manipulative corporation. Bush has done nothing to improve oversight of this monster.Therefore he is responsible.
- allowners, on 02/19/2008, -13/+75A Capitalist wet dream: Employment building stuff to destroy stuff (people, being a Capitalist commodity, included), so that they can rebuild stuff, later to be destroyed again. Neocon recycling it is.
- toddcat, on 02/19/2008, -4/+56Right.....like that $300 billion which has been poured into the Iraq meat grinder couldn't have been invested wisely and have precluded all this financial pain. He doesn't think the war has any bearing on the economy because he's never had to balance a checkbook - and when he ran businesses, they failed - in his life. Azzhole.
- mydigglogin, on 02/19/2008, -2/+43Ah, yes, the good ol' "broken window fallacy":
http://en.wikipedia.org/wiki/Parable_of_the_broken ... - GhostyBoy, on 02/19/2008, -6/+45Another intelligent and honest response from President Integrity!
- inactive, on 02/19/2008, -0/+33I thought your talking point was that the Democratic Congress hasn't done anything?
Maybe the right wing should decide on one line of *****? - inactive, on 02/19/2008, -1/+30Besides starting wars based on lies, bankrupting the U.S., burning our constitution, spying on us and screwing young boys. It is now more than obvious that the enemy we face is not some bearded extremist hiding out in a cave, but our own home grown traitors and criminals posing as our representatives in Washington, D.C.
• $522 billion: U.S. Military budget this year.
• $484 billion: Cost of Iraq War thus far.
Sources: World Bank, National Priorities Project - carpespasm, on 02/19/2008, -0/+26There you have it folks. Straight from the horse's mouth. He said the US involvement in destroying and then slowly and badly occupying and rebuilding other countries, destabilizing the region of the world where we obtain much of our current fuel supplies, and making the rest of the world view us as a bunch of gung-ho idiots who've done all of this with no plan and no means of correcting the situation has nothing at all to do with the US economy sliding slowly down a *****-greased hill.
All hail our tunnel-visioned leader. - inactive, on 02/19/2008, -0/+25Funny how outright lies don't piss people off anymore. Next he's going to tell you the earth is flat.
- allowners, on 02/19/2008, -3/+27Yes, yellowcakewalk for president!
- chrisutley, on 02/19/2008, -1/+23Bankrupting the US Government and borrowing money from China ... two great economic benefits of GWB's illegal war.
- thebellmaster1x, on 02/19/2008, -0/+22Is that so? Gee, Mr. President, and here I was under the impression that the war was the MAIN REASON we now have no money. Remember that time we had a budget surplus, uh, oh yeah, before you were President? And you know how we now have a deficit? I wonder how that happened...
(Hint: It was you, you sanctimonious, war-hungry twatswatch.) - GeorgeWKush, on 02/19/2008, -1/+23The war in Iraq has nothing to do with the US economy? I believe him, after all, there are substantial ties between Saddam Hussein and Al Qaeda.
- Napoleone, on 02/19/2008, -1/+21$300 billion? I think you lost count. Don't blame you, though. Here ya go...
http://www.nationalpriorities.org/costofwar_home - Napoleone, on 02/19/2008, -6/+26Bush is wrong. The money spent on the Iraq war is not helping out the economy, because the war has raised the price of oil, and since most all goods are shipped, the increased shipping costs forces manufacturers and retailers to raise prices. Any benefits accrued due to increased military industry jobs are offset and overshadowed by losses overall.
- jpmoney03, on 02/19/2008, -0/+20Your business class sucks.
It was the collapse of the credit markets that has caused the instability in the markets. But the credit market is much more than credit cards, it also includes home loans which is the real problem. Many institutions saw no problem with sub-prime lending because home prices kept going up. This meant that even if they had to foreclose on a home it would still have built enough equity that they would not lose money from the process of selling the home. But then the home prices stopped going up and all of a sudden they started losing money when they had to foreclose. Now this alone would only cause the market to adjust prices once for all the debt that was bad. But here comes the next problem not only was sub prime lending happening but after banks had made all these loans they packaged them up and sold them up as securities. Then somebody else created the collateralized debt obligation which was composed of sub prime loans but managed to get AAA ratings. Now nobody knows what exactly is going to be hurt by the bad debt that is coming in and we have chaos in the financial markets because information is not available about this.
The other problem is the weakening of the US Dollar this is what Bush's war is helping cause. Deficit spending increases supply of the US dollar which lowers its price internationally. - jaymzdean, on 02/19/2008, -3/+23Wake up, people. This is not capitalism, it's mercantilism. Look it up.
- bcamp1973, on 02/19/2008, -0/+18Dear monkey in chief, thanks for working so hard to screw up the country i love. go ***** yourself.
- borez, on 02/19/2008, -2/+20Bush is seriously delusional
- inactive, on 02/19/2008, -1/+19WHEN BUSH SAID HE WAS AGAINST nation building, I didn't know he was talking about America....some 44 million US citizens without health care, 1.7 million moved below the poverty line last year (now at a six year high) more jobs moving overseas and the gap between the have and have nots has increased, selling our ports to terrorist organizations
...but on a brighter note, they had electiions in Iraq...doesn't it make all you foxified zombie nutjob idiot brainwashed inbred rednecks feel all warm and fuzzy inside? - limezor2, on 02/19/2008, -0/+17Oh damn I saw this today, I almost fainted. Except I didn't because I knew he was going to say that.
- drmobutu, on 02/19/2008, -3/+20Just think of how much more Bush would have been able to cut your taxes, without the Iraq occupation...
- TecK415, on 02/19/2008, -0/+17"I think it's down cause we built to many houses." Lol.... That's it!
- Dysarthria, on 02/19/2008, -1/+18This war has damaged the economy, not helped it. Imagine if we had had 8 years of budget surpluses or at least a zero deficit.
- apc3161, on 02/19/2008, -2/+19Don't be a deceptive bastard allowners. The merger of corporations, government, and nationalism is usually known as one thing, Fascism, not Capitalism. Stop spreading your lies.
- WTF69, on 02/19/2008, -2/+18OMG what a ***** idiot
- firsttube, on 02/19/2008, -0/+16Let's not forget the fact that we didnt have the money for the war in the first place. Add interest to whatever amount it ends up costing.
- TheCure, on 02/19/2008, -0/+15So there's no connection between national debt and foreign investment (aka good for the economy)? Right...
- stavrogin2, on 02/19/2008, -0/+15So when the economy sinks even lower, he'll use it as a justification to invade Iran.
- masterwalls69, on 02/19/2008, -0/+14What a DUMBASS Lair!...but some of us already knew that 8 years ago.
- inactive, on 02/19/2008, -2/+16Nothing but lies and deception and corruption from the republican administration, and you idiots continue to look the other way while blathering on about how much you love your country
Indeed, Repubicans start an unjust war based on lies causing terrorism to sky-rocket and our econmy to colapse then blame everyone else for their evil. - joe8pack, on 02/19/2008, -0/+14The national debt is not comprised of personal debts, it is the amount the Federal government owes - an amount guaranteed by we the people to be paid back.
You should ask more questions in class and do more outside reading. Credit card debt is a fairly new phenomena, but it is driven by the banks not by the consumers. The idea is to hook you on debt then strangle you for the rest of your life, the banks are predatory and get the dough at a discount to loan out at a premium and the money is printed by the fed without any backing other than good faith- would you loan me 6 billion on good faith? - spiralspirit, on 02/19/2008, -3/+17 just reading the headline, I can say that you've pretty much missed the point.
- carpespasm, on 02/19/2008, -1/+14He already thinks that it's 6000 years old, designed by an old white man in the clouds, and is too big for man kind to do anything to change it's climate. Being flat isn't such a big jump.
- novakane, on 02/19/2008, -1/+14Rigghhhtt. Cause the country going bankrupt(in large part because of the war) has nothing to do with the economy... Thank God there's only 336 days to go before this jackass is out of office.
- Reaper2806, on 02/19/2008, -1/+14Ok if my logic is flawed point it out but: If all the money is going into these companies like Halliburton over the Iraq war... And these companies are getting all these tax cuts... that's helping the economy how?
I feel sorry for Americans, I do. - xsidekick409, on 02/19/2008, -0/+13All our money is not being pumped into the war. That is correct.
Too much of our money is being pumped into the war, which is accelerating the problems mentioned in your video.
More money in Iraq means less money here, thats the bottom line. We already don't have enough money, we are already at that January 1st 2008 baby boomer problem mentioned in your video. The more we spend in Iraq, the further we are from fixing whats already wrong.
Before getting mad, calling diggers idiots, and trying to deface liberals, you should think about what you say and make sure the evidence you put forth to defend your argument actually defends it. - vanza001, on 02/19/2008, -1/+14and damn are we glad we found those WMDs we were all scared of.
- jaymzdean, on 02/19/2008, -5/+17The collapse of the economy is being engineered. I have a friend who works for Bank of America. He's seen the Amero. They got their first shipment of this new currency in a little over a month ago. A complete collapse of the dollar is the only way to get the people to except a currency that has RFID technology to allow it to be tracked from pocket to pocket. All cash registers will now have a slots just like the one's on Coke machines and this will tell the Fed where you spent your money. If you pay someone in cash, as soon as they spend it, they will know that it went from your pocket to his, without going through the proper channels.
- Stochio, on 02/19/2008, -1/+13Parable of the Broken Window all over again.
http://en.wikipedia.org/wiki/Parable_of_the_broken ...
War is not, prima facie, productive. It is only productive if it protects future capability to produce. Iraq War? Not so much. - joe8pack, on 02/19/2008, -0/+12You can blame the bad economy on poor economic planning, a disastrous banking policy based on a system of Federal Reserve Banks that are neither Federal nor have reserves and systematic looting of the country's assets by it's ruling elites. This effort was exacerbated in the 1980's til now when a very small percentage of the population controls almost all the wealth. These are all common elements of 3rd world economies which we are on the brink of becoming. While this was not Bush's fault alone, he certainly did nothing to stop or reverse course and instead put his foot on the gas pedal and drove the car thru the wall - economically speaking. Now the cars' broke and we don't have the money, the will, or the time to fix it.
- siszam, on 02/19/2008, -7/+18Just think of how many services he could have provide for the general welfare of the people like the constitution says he should. Health care, shoring up social security, free higher education would have been a much wiser use of tax dollars than tearing countries apart and killing more Americans.
- MacSuxWindozSux, on 02/19/2008, -2/+13Bill Clinton left office with the largest surplus in history.
The following year George Bush had the largest deficit ever recorded.
So excuse me if none of this surprises me any. - tgc1, on 02/19/2008, -0/+11Let me see if I understand this right. Taxpayers front the coin to purchase all this military hardware that people are in turn, being paid to manufacture, ship and so on. But that hardware is then being used, and costing more money to store, maintain, transport and consume, the bill going to... taxpayers... and America receives what again for the investment they've made in the military? Isn't it a NET LOSS? Whereas housing is more like an investment because it is appreciating in value. People can use it, it's tangible. Military hardware is intangible because it either sits on a shelf or is consumed. There is no net value recovered from the manufacturing, shipping, or use of military hardware.
Or am I missing something? - Xevec, on 02/19/2008, -0/+11Ahh, the famous "blessings of destruction" fallacy. The broken window fallacy. The idea that destruction can bring jobs to our economy. But come on people, if you feel bush is stupid about this with the Iraq war, apply this logic to other wars. World War II had the same problem. The civil war had the same problem. Iraq war is showing that it is not boosting the economy. Wars don't boost the economy, period. No war has.
- songfire, on 02/19/2008, -0/+11And you believe that crap? What school are you going to? Visa University? Texas A&M? Or are you taking Econ 101 presented by MBNA? (think I'm kidding, check out schools like U. Va. to see corporate sponsorship of university classes--and I am not talking just about endowments).
I agree that ordinary income folks have their share of the blame for buying more crap than they can hold in their garage. But the government's incessant borrowing, for moneypits like Iraq, is contributing too. It has weakened the dollar, increased oil prices, and has to this point been a funnel of tax dollars for firms like Halliburton and Blackwater. - Nissmo66, on 02/19/2008, -0/+10God, I'm still shocked 4 years later, that some of America voted this tard into office....... you know, that someone actually thought,...hmm this guy makes a great President, hes got my vote....Jesus...sad
- reedatschool, on 02/19/2008, -2/+12The merger of corporations and government took place during the civil war when the North used their industrial power to subvert state rights. This insured that the industrial military complex would decide policy in the US from that point on. Lincoln along with many other great men have spoke on this topic and reminded us the dangers of corporate merger with government.
It is obvious that the privatization we have gone under the past thirty years has been yet another thinly veiled attempt at turning the last existing public services into privately controlled corporate interests. For you to stand here and deny this is real and happening on a daily basis staggers the imagination. -
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