The Mudcat Café TM
Thread #139355   Message #3198823
Posted By: Bobert
30-Jul-11 - 09:01 PM
Thread Name: BS: The Republican Default Crises
Subject: RE: BS: The Republican Default Crises
How can you be so misinformed, pdq???

First, the only ****annual**** budget deficit that is on Obama is 2010 which came in at $100B less than Bush's last on (2009)...

2009 annual budget deficit (Bush) = $1.4T

2010 annual budget deficit (Obama) + $1.3T

Secondly, every leading economist said that the stimulus needed to be on the plus side of $1T... Some were recommending as much as $1.3T... All Obama could get from an obstructionists Repubs was $700B with $400B of them going into tax cuts... That's not exactly pure Keynesian... Heck it's not even KeynesianLite... It ended up being another failed "tax cut"... The other $300B went into shovel ready projects...

Of course the right wing bloggers say that that $300B produced no jobs... That is what Hitler referred to as the BIG LIE... Drive down just about any US highway in America and you'll see bridges being rebuilt with that money.... Tell ya what, pdq... Take you a ride down US 29 thru Virginia and North Carolina and stop at any of those construction projects which are still being funded with the stimulus and stop on the side of the road and go run your theories to the construction workers who are got a pay check this week rather than an unemployment check... Yeah, do that and then come back and report what a failure Heynesian economics are... No, don't do that... Please do that!!!

Economists said $1T plus...

Repubs held it down to less than 1/3rd that...

B~