Posted on 09/24/2012 7:57:58 PM PDT by Lakeshark
A question raised by President Obama's immortal line on CBS's "60 Minutes" on Sunday—"I think that, you know, as President, I bear responsibility for everything, to some degree"—is what that degree really is. Maybe 70% or 80% of the buck stops with him? Or is it halfsies?
Nope. Now we know: It turns out the figure is 10%. The other 90% is somebody else's fault.
**snip
Footnotes No. 2 through 4: Liberals continue to claim that the main causes of the current fiscal mess are tax rates established in, er, 2001 and 2003 and the post-9/11 wars on terror. But by 2006 and 2007, those tax rates were producing revenue of 18.2% and 18.5% of GDP, near historic norms.
Another quandary for Mr. Obama's apologists is that he has endorsed nearly all of these policies. The 2003 Medicare drug benefit wasn't offset by tax hikes or spending cuts, but Democrats expanded the program as part of ObamaCare.
The President also extended all the Bush tax rates in 2010 for two more years in the name of helping the economy, and he now wants to continue them for people earning under $200,000, which is where 71% of their "cost" resides. The Iraq campaign was won and beginning to be wound down when he took office, and he himself surged more troops in Afghanistan.
(Excerpt) Read more at online.wsj.com ...
Sadly, the 47% don’t know him to be or care that he is a fraud..
Footnote No. 5: Mr. Obama keeps dining out on the excuse of the recession, but that ended halfway through his first year. The main deficit problems since 2009 are a permanently higher spending base (see Footnote No. 1) and the slowest economic recovery in modern history. Revenues have remained below 16% of the economy, compared to 18% to 19% in a normal expansion.
The 2008 crisis is long over. The crisis now is Mr. Obama's non-recovery.
Footnote No. 6: Even at face value, Mr. Obama's suggestion that he is "only" responsible for 10% of what the government does is ludicrous. Note that in addition to his stimulus, what he calls "emergency actions" include his new health-care entitlement that will cost taxpayers $200 billion per year when fully implemented and grow annually at 8%, even using low-ball assumptions.
But the larger point concerns executive leadership. Every President "inherits" a government that was built over generations, which he chooses to change, or not to change, to suit his priorities. Mr. Obama chose to see the government he inherited and grow it faster than any President since LBJ.
Bush has to have had at least 50% of the blame.
Let's make sure the rest know.
Sorry, Kardashian increased the deficit from 10 trillion to 16 trillion and growing in only a little under four years.
Bush didn't do a great job, but what happy drink are you taking to think it's at least 50% his fault?
Do you work for Axelrod, or can't you count very well?
The Jenners are huge Romney supporters............
:-)
Charlatan, he is.
How people can not see through this fakir is beyond me.
Wose than he thought, blah, blah. “Tax cuts that weren’t paid for” WTF?, you cut spending, clown.
Dude is a head case headed for oblivion.
That’s just like the “created or saved” bullshit this president and his administration invented to weasel their way out of economic certitude. Not that I expect the FedGov to create or save anything. The capacity for this adminstration to dissemble is astonishing. They’re pro’s, with professional media and a growing audience of public school ignoramuses to back them up.
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