You must not read newspapers or watch the news - or maybe just watch fox news. The 2008 recession had nothing to do with the Internet - it was caused by the the US banking industry and the sub prime lending crisis.The economy was not anything he had the power to control. It was a bubble economy based on the Internet.
The budget was balanced because of legislation that was passed by Congress before he came into office, and he sent troops into Bosnia (The first illegal deployment in the history of this country...it violated the war powers act by deploying troops over 90 days without declaration of war).
Huey your partisan slip is showing.Congress spends money, not a President. Congress could have refused to fund any wars. They also have the war powers act that only allows a Presient to deploy troops for 90 days without a declaration of war from Congress.
Again, not something "He" could do. Congress creates the laws. He signs them. However, tax breaks increase revenues, they do not harm the economy. We were in much better financial shape before the Congress during Obama administration started all of the bail outs and trippled the National debt.
I think you do not have a lot of your facts straight.
WRT the sub prime lending crisis I have to agree somewhat with other posters. I've read a lot on this and what I've come to believe from what I've read is when the government first became aware of this during Bush's tenure, they choose to stand by rather than passing legislation to put a stop to this, primarily for political reasons. Passing legislation to prohibit this would have caused a market downturn, although not nearly as severe as the 2008 recession that resulted from inaction.The initial issue was the dot com bubble...which had already burst before Bush took office. The "creative" lending practices you blame on Bush were created well before Bush ever thought about running for President the 1st time.
The initial law started in 1980 with the Depository Institutions Deregulation and Monetary Control Act (DIDMCA), and The Alternative Mortgage Transaction Parity Act (AMTPA) in 1982, and Tax Reform Act of 1986 (TRA). In addition to changes in the law, market changes also contributed to the growth and maturation of subprime loans.
In 1994, for example, interest rates increased and the volume of originations in the prime market dropped. Mortgage brokers and mortgage companies responded by looking to the subprime market to maintain volume. The growth through the mid-1990s was funded by issuing mortgage-backed securities (MBS, which are sometimes also referred to as private label or as asset-backed securities [ABS]). In addition, subprime loans were originated mostly by nondepository and monoline finance companies. All well before Bush.
This is a good read on the subject...and much better than relying on Wikipedia for your information.
Political discussions are more interesting if we avoid unsubstantiated "facts".Yep...2/3 of that at a very minimum is from the current administration, and their belief that you can grow an economy by creating debt...something that has never worked in the history of mankind.
Your taking your stats from a republican web site that is set up for the explicit purpose to depose Obama. Aside from the fact they do not even closely agree with the figures from less partisan sources, that's like trying to get unbiased product "information" from a commissioned sales person. HueyDriver, your earlier claim that Obama increased the debit by 66% is far, far, far greater than even partisan sites like theobamadebt.com are claiming.
I recommend placing a disclaimer on your original post similar to the following:This is a two part question:
In your opinion...Who is the greatest U.S. President of your lifetime?
What did he do that made him great in your eyes?
Bullseye cap'n...I recommend placing a disclaimer on your original post similar to the following:
Disclaimer: If you choose to offer your opinion, I will dispute any part of it that is not factually substantiated to a degree I approve of or any part that I disagree with. I will not leave your opinion on this thread unchallenged. Participate at your own risk!
:huh: You ask for peoples opinions yet you will not leave them unchallenged. Sound familiar to another thread?? You call it discussion, I call it disputing.
1 a : a view, judgment, or appraisal formed in the mind about a particular matter b : approval, esteem
2 a : belief stronger than impression and less strong than positive knowledge b : a generally held view
3 a : a formal expression of judgment or advice by an expert b : the formal expression (as by a judge, court, or referee) of the legal reasons and principles upon which a legal decision is based
You should not ask for political opinions and then quote them and explain why they are wrong. Opinions my not be factually correct but that is the nature of having an opinion. Opinions are very personal and formed over time and will not be changed by your replies.
Standing by to be quoted and blasted...