The new polls are in! The new polls are in!

[alienlovechild 75]

Rather than bankrupting the country, the administration has effectively worked to prevent the financial markets from collapsing and has pulled the economy back from a deep cliff that we would otherwise have fallen off of.

Most of the financial bailouts for the banks started under Bush as many Obama followers have repeatedly posted as a criticism. Now Bush gets no credit so maybe the economy is improving.

As the economy recovers - and it is becoming clear that this is about to happen - the deficits need to be addressed. I am fairly confident that this will happen.

Sure thing. I'm confident Obama will somehow find billions of dollars to pay on the deficit and for his trillion dollar health care plan. Just clean out the loose change in couches across America and BAM-OO the recession is over.

[cdneh 3,118]

buyer's remorse setting in - can they get a refund?

Oh my. I love that to little bits

[mRx 16]

Let alone the two year gradual drop versus a 6 month one way trip to the basement.

Give or take the margin of error, the Gipper went from 60% to 50% in his first year in office and that's kind of the neighborhood where Obama can be found. Obama's numbers - much like those of the Gipper - will continue to drop until the economic recovery sets in - just as they did back then. There's nothing sensational to be had here. But you guys go ahead and crack one open to celebrate. Makes no difference to me.

Except for one thing, Reagan did it with tax cuts and Obama in on the verge of bankrupting the country. Would you be happy if your wife came home with a 40k credit card bill? Cuz thats what Obama did to our kids. If china quits buying our debt were totally screwed.

No need to bring up Bush, his spending didnt help either.

There's little dissent on the fact that this economy wasn't going to be rescued with tax cuts. Different situations require different approaches. Rather than bankrupting the country, the administration has effectively worked to prevent the financial markets from collapsing and has pulled the economy back from a deep cliff that we would otherwise have fallen off of. As the economy recovers - and it is becoming clear that this is about to happen - the deficits need to be addressed. I am fairly confident that this will happen.

The economy was rescued with tax cuts in 1921 by Warren Harding. That recession was from the monetary expansion from 1914-1920 used to fund the first World War. Different situations do not require different approaches. Monetary expansion leads to capital misallocation and malinvestments that need to be rectified not propped up.

A note on Reagan. The tax cuts he advertised were rather insidious. Each tax cut he authorized was counterbalanced by a tax increase in another sector. For example, he cut personal income tax, but raised business tax and industry-specific taxes. He also didn't cut government spending at all (but increased it), and he ran record high deficits.

If you're interested, look into Austrian Business Cycle Theory (ABCT). It's the only theory to perfectly explain cyclic phenomena. One of it's adherents earned in a Nobel in the '70's for it. And the entire Austrian School predicted the housing bubble at the same time Ben Bernake and Henry Paulson were assuring us that was no bubble and our financial instutitions were rock solid.

[Mr. Big Dog 10,747]

Let alone the two year gradual drop versus a 6 month one way trip to the basement.

Give or take the margin of error, the Gipper went from 60% to 50% in his first year in office and that's kind of the neighborhood where Obama can be found. Obama's numbers - much like those of the Gipper - will continue to drop until the economic recovery sets in - just as they did back then. There's nothing sensational to be had here. But you guys go ahead and crack one open to celebrate. Makes no difference to me.

Except for one thing, Reagan did it with tax cuts and Obama in on the verge of bankrupting the country. Would you be happy if your wife came home with a 40k credit card bill? Cuz thats what Obama did to our kids. If china quits buying our debt were totally screwed.

No need to bring up Bush, his spending didnt help either.

There's little dissent on the fact that this economy wasn't going to be rescued with tax cuts. Different situations require different approaches. Rather than bankrupting the country, the administration has effectively worked to prevent the financial markets from collapsing and has pulled the economy back from a deep cliff that we would otherwise have fallen off of. As the economy recovers - and it is becoming clear that this is about to happen - the deficits need to be addressed. I am fairly confident that this will happen.

The economy was rescued with tax cuts in 1921 by Warren Harding.

I hope we can agree that this ain't the 1920's.

[mendeleev 69]

Let alone the two year gradual drop versus a 6 month one way trip to the basement.

Give or take the margin of error, the Gipper went from 60% to 50% in his first year in office and that's kind of the neighborhood where Obama can be found. Obama's numbers - much like those of the Gipper - will continue to drop until the economic recovery sets in - just as they did back then. There's nothing sensational to be had here. But you guys go ahead and crack one open to celebrate. Makes no difference to me.

Except for one thing, Reagan did it with tax cuts and Obama in on the verge of bankrupting the country. Would you be happy if your wife came home with a 40k credit card bill? Cuz thats what Obama did to our kids. If china quits buying our debt were totally screwed.

No need to bring up Bush, his spending didnt help either.

And I remember that Reagan added more to the national debt than all President's before him combined. Bush I outdid that, as did Bush II, though.

[GaryC 7]

Let alone the two year gradual drop versus a 6 month one way trip to the basement.

Give or take the margin of error, the Gipper went from 60% to 50% in his first year in office and that's kind of the neighborhood where Obama can be found. Obama's numbers - much like those of the Gipper - will continue to drop until the economic recovery sets in - just as they did back then. There's nothing sensational to be had here. But you guys go ahead and crack one open to celebrate. Makes no difference to me.

Except for one thing, Reagan did it with tax cuts and Obama in on the verge of bankrupting the country. Would you be happy if your wife came home with a 40k credit card bill? Cuz thats what Obama did to our kids. If china quits buying our debt were totally screwed.

No need to bring up Bush, his spending didnt help either.

And I remember that Reagan added more to the national debt than all President's before him combined. Bush I outdid that, as did Bush II, though.

And Obama has out done it in only 6 months.

[mRx 16]

Let alone the two year gradual drop versus a 6 month one way trip to the basement.

Give or take the margin of error, the Gipper went from 60% to 50% in his first year in office and that's kind of the neighborhood where Obama can be found. Obama's numbers - much like those of the Gipper - will continue to drop until the economic recovery sets in - just as they did back then. There's nothing sensational to be had here. But you guys go ahead and crack one open to celebrate. Makes no difference to me.

Except for one thing, Reagan did it with tax cuts and Obama in on the verge of bankrupting the country. Would you be happy if your wife came home with a 40k credit card bill? Cuz thats what Obama did to our kids. If china quits buying our debt were totally screwed.

No need to bring up Bush, his spending didnt help either.

There's little dissent on the fact that this economy wasn't going to be rescued with tax cuts. Different situations require different approaches. Rather than bankrupting the country, the administration has effectively worked to prevent the financial markets from collapsing and has pulled the economy back from a deep cliff that we would otherwise have fallen off of. As the economy recovers - and it is becoming clear that this is about to happen - the deficits need to be addressed. I am fairly confident that this will happen.

The economy was rescued with tax cuts in 1921 by Warren Harding.

I hope we can agree that this ain't the 1920's.

Of course, but the fundamentals remain unchanged.

Recessions have occured since Ancient times when Kings mixed other metals into their gold currency. It's all about the monetary expansion, man.