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Re: Bush Booed at Inauguration...
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And also, are we taking into account the national debt incurred by the war? |
Re: Bush Booed at Inauguration...
A drop in growth is not a recession. A recession is when something recedes.
That's like saying the flooded river is receding because it's only rising at 2 inches per hour compared to a foot an hour yesterday. |
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recede: 2: to grow less or smaller : diminish , decrease <a receding deficit> drop: a decline in quantity or quality Decline: 6: to become less in amount ....what the **** are we talking about here? I thought a recession was a drop in GDP for two quarters or more. |
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It's just that you'd expect a leader -- the "main" representative of our country, to be fit for many things. When your leader stumbles over his own words, makes decisions with unclear motives, takes off many vacation days, disrupts relations with other countries, and does all this during a time when things are arguably falling apart, of course people are going to be upset, and of course people are going to question leadership ability.
Perhaps Bush tried his best -- but I don't think he was a wise decision-maker or leader. Effort and intent, as people (hopefully) realize with maturity, does not automatically absolve someone of blame, or shift responsibility elsewhere when things go awry. As Obama has stated, a large problem with our country today derives from accountability and responsibility. People need to be responsible for their actions, and we need to make more intelligent decisions, and those decisions need to be made with a clear, open intent. Without a proper accountability system, we run into all sorts of issues... ohi subprimez. EDIT: Also, I don't know wtf you guys are debating, but the Iraq war drain is only one problematic source. The subprime issue is something else entirely, and is derived from systemic problems within the housing market and banking systems. Another EDIT: While I think O'Reilly is a flaming douchebag, Barney Frank screwed up. Hard. Oh so very hard. We all knew, a few years ago, that there was a housing bubble, and we knew that Fannie Mae and Freddie Mac were just feeding the fires. Frank tried to make it look like they weren't facing any sort of financial meltdowns, and continued to push for extending loans to those with horrible credit histories, or those who were clearly too poor to be able to pay anything back effectively. Couple that with the lowered capital requirements for FM&FM that brought on higher risk (and was abused to high heaven), and you've got a pretty unstable thing going for you. Only when things started spiraling out of control did Frank try to save face. While he is not solely responsible for the mess, he is a huge contributor to it. O'Reilly did the right thing by ripping this guy apart on his show. I feel like he could have done a more effective job by citing a lot more facts, but Frank really needed to get his ass kicked. |
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So you're saying a drop in growth is not going to cause a drop in the overall total vs. if the drop in growth didn't happen?
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A boy grows 3 inches a year for 4 years. One year he grows 1 inch. Does he get shorter? No, his height has not receded. He is simply growing more slowly. Is this good for an economy? No, growth is a good thing (as long as it's based on legitimate gains), but a slowing of growth is NOT a recession. I really thought people would know what a recession is. I guess this is why everyone in America sucks at finances. |
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You just got first-derivative-pwnt, sir
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is that what you are saying organism? |
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I'm with you there rubix, but im saying that obama could just be cool to the public, lie, and basically feed us **** and we wouldn't know what is going on in our country till it starts to fall apart. I know today is what his 2nd full day as president he couldn't have done anything to mess up yet.
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hahahahahaha i win again hahaha
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whee...
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Re: Bush Booed at Inauguration...
What pieces of ****.
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