Posted on 07/27/2012 5:23:11 AM PDT by Sir Napsalot
Faced with an stagnating economy and unemployment over 8 percent on his own watch, President Obama on the stump now invokes the economy during the era of former President Bill Clinton.
The president’s invocation of Clinton is part of his pitch to raise taxes on higher income brackets, as did President Clinton in 1993; and as a contrast to his current Republican opponents who seek to extend all the Bush-era tax rates, including those on the top wage-earners, which President Obama opposes.
Essentially, within this construct, President Obama is trying to cast the choice voters face as Bill Clinton versus George W. Bush, with Bill Clinton’s economy as his, and George W. Bush’s economy as Mitt Romney’s. Clinton’s economy saw the creation of tens of millions of jobs, an economic boom and a projected federal budget surplus.
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(Excerpt) Read more at abcnews.go.com ...
“Our Plan”???!!! Hey Obozo: YOU DIDN’T BUILD THAT!!!!
the Romney campaign should have a field day with this....
Obama wants to raise them
Gasoline was flat at 1.82 under Clinton
Obama gas prices up 91%
Under Clinton Clinton Food Stamps went down 2 Billion
Under Obama up 40 Billion
Personal wealth went up 38% under Clinton
Obama personal wealth went down 40%
Other than that he is the same
Well Greenspan bailed out Clinton’s tax increase by lowering Fed Rates
Ain’t no way to lower them now
When a politician doesn’t have much on his own record, he has to borrow.
Recall from 2004 election that Senator John Kerry, who had very few bills and resolutions to his credit after 2 decades in the Senate, ‘borrowed’ from the accomplishments of Senator Bob KerrEy — including bills and committee service. I guess ole John just got confused, what with their last names being so similar.
Did anyone tell this dolt that Clinton had no choice, newty newt was on the job. He’s running out of compadres! he’s Reagan, he’s Loncoln, he’s Roosevelt, he’s dreaming! I want to see an election night photo of the both of these idiots when he is defeated
Months before Clinton took office the economy was already strongly into recovery.
Months before Clinton left office the economy was already plunging into recession.
I was scoffed at for saying that Obamas administration was just an extension of Clintons administration.
Where did this bimbo go to school?
Clinton benefited from two things:
Being forced to work with a Conservative Majority in Congress,
Being in the right place at the right time...during the dot.com boom.
Romney must make it VERY CLEAR that Obama’s policies have NOTHING IN COMMON with Clinton!!!
LOL
Clinton cut cap gains remember Obama you stupid F%$^^?
the Romney campaign should have a field day with this....
I doubt it. He is over in London embarrassing the US. and in general making an ass of himself.
Bill Clintoon had NO PLAN.... it was the republican Congresses PLAN..
He just signed it..
The republican congress fought for and passed everything Bill Clintoon wants to take credit for..
He did NONE of it.. but he did sign some of it..
No republican congress THEN it would have been PRE-OBAMA..
It was BECAUSE OF a republican House AND Senate.. good things happened..
Bill Clintoon was Lawn Furniture.. ZERO ideas.. and suggestions..
It was pushed into a recession by the Oil for Food Program and the smuggling of Iraqi oil driving the price of oil so low oil producing countries around the world had no money.
In this country, independent operator's were shutting in their wells because it cost more to produce the oil than they were getting for the oil.
The land owners that were receiving royalty payments lost that income.
Somewhere around 400,000 oilfield related jobs disappeared..
The recession Bush inherited from Clinton was an orchestrated recession.
Don't forget the 9/11 attack was an attack against the economy, it was a 1-2 punch.
Bill Clinton was responsible for trying to make home ownership an entitlement. Made the economy look good for a while until the bubble burst.
Your post hit on the nail.
It doesn’t matter what Billy Jeff’s plan or no plan was. He got the credit for ‘a robust economy’. That was what most people remembered Fondly. (Puke!)
And Obama had to hitch his wagon onto Bill Clinton’s coattail and CLAIM credit, that must have made Hillary chewing on the carpet.
I don't think that's the dominant factor. It was a debt-based disaster, driven by the Community Reinvestment Act, the repeal of Glass-Steagall, and the wholesale securitization and resale of dodgy mortgages.
The Dems get most of the blame here, but stretched over several administrations. It was a long-time a-building.
Curiously, no one has learned. Today, the Dems are fostering policies that would lead to a repeat of the housing disaster. Rates are kept artificially low to keep the government afloat; the FHA is pushing 3.5% down mortgages; and the new Consumer Protection Board, aligned with Holder's corrupt DOJ, is extorting money from banks and forcing increased minority home lending. That's going to end very badly as soon as interest rates bump up a couple of points.
Obama may have come into office at the outset of the contraction, but his policies will both perpetuate it and encourage a repeat of it.
Clinton spent as much as Obama??? Who knew?
LOL- please explain how he’s embarrassing the US...thanks...
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