Drudge Retort: The Other Side of the News
Saturday, March 16, 2013

Sen. Bernie Sanders (I-Vt.), with his statements about the economy, contradicts many of the soothsaying words of President Obama in recent addressing of the economy. ""Real unemployment ... it's not 7.7 percent; it is really over 14 percent," Sanders said during a Senate Budget Committee hearing yesterday. "Youth unemployment, a whole future generation, is today close to 25 percent. These are kids who are not getting their feet on the ground, not developing a career."

Advertisement

Menu

Advertisement

Subscriptions

Author Info

HeuristicGratis

 

Advertisement

MORE STORIES

 

Advertisement

More

Sanders said the Senate Democrats' budget cuts too much spending and does not raise enough taxes. "I would have gone much further by making sure that at least 50 percent of deficit reduction since 2010 was achieved by raising revenue from the wealthy and large corporations," he said.

Comments

Admin's note: Participants in this discussion must follow the site's moderation policy. Personal attacks, profanity, abusive conduct and expressions of prejudice are not allowed. If you have comments about site moderation, contact the site publisher in email.

Sanders is not impressed. "Do you know that nearly two-thirds of the jobs created today are low-wage jobs that families can't live upon?" he asked yesterday.

Here comes the increase min wage argument, a socialist's dream

#1 | Posted by paneocon at 2013-03-15 08:41 AM | Reply | Flag:

#1 Right, lets not address the quality of the jobs, lets address how much the low quality/low skill jobs pay.

#2 | Posted by HeuristicGratis at 2013-03-15 09:49 AM | Reply | Flag:

And the Retort turns on Bernie Sanders in 3,2,1...

#3 | Posted by kanrei at 2013-03-15 09:53 AM | Reply | Flag:

#3 That is alright. Even Obama is mocking the democrat senators that dare question his vague promises:

weaselzippers.us

#4 | Posted by HeuristicGratis at 2013-03-15 10:04 AM | Reply | Flag:

I can't help but laugh a little. When the sitting socialist in the Senate is calling out the President about how ineffective his economic policies are, Obama's worm has turned.

#5 | Posted by MUSTANG at 2013-03-15 10:08 AM | Reply | Flag:

#5 | POSTED BY MUSTANG

While that socialist irony is not lost on us it is lost on the low information voters who support the Democrats.

#6 | Posted by paneocon at 2013-03-15 10:39 AM | Reply | Flag:

I love Bernie Sanders and I understand his frustration but it is hardly Obama's fault that Republicans in the Senate filibustered every single bill proposed to rein in outsourcing of jobs or anything else intended to boost our economy. I notice that many of those who are noting his comments would be the last here to agree with him on how to actually turn the economy around.

#7 | Posted by danni at 2013-03-15 10:48 AM | Reply | Flag:

#7 Who said they agree with his comments? I just see people pointing out that even Sanders realizes Obama is blowing smoke (lying) about the state of the economy.

Obama sure has been lying a lot lately, hasn't he?

How do you feel about that?

#8 | Posted by HeuristicGratis at 2013-03-15 10:58 AM | Reply | Flag:

Obama sure has been lying a lot lately, hasn't he?

How do you feel about that?

Posted by HeuristicGratis at 2013-03-15 10:58 AM

Obama's lies are like super model's farts: most people seem to ignore them because of who is doing it.

#9 | Posted by kanrei at 2013-03-15 11:00 AM | Reply | Flag:

"He told colleagues yesterday that the Democratic budget cut too much spending and didn't raise taxes by as much as he preferred.

"I would have gone much further by making sure that at least 50 percent of deficit reduction since 2010 was achieved by raising revenue from the wealthy and large corporations," Sanders said in his prepared statement."

I'm just glad to see so many rwingers agree with Bernie, lol.

#10 | Posted by Corky at 2013-03-15 11:01 AM | Reply | Flag:

OH GOOD GOD, Danni! He "intended to boost our economy" with "quantitative easing" and "omnibus spending"...and he FAILED. He "intended to boost our economy" by raising the taxes on the wealthiest....and he FAILED. Will Obama EVER be responsible for ANYTHING bad in your eyes?

As for Sanders' recommendations that we can turn the economy around by raising even more taxes and spending even more money, SEE MY FIRST PARAGRAPH.

#11 | Posted by MUSTANG at 2013-03-15 11:02 AM | Reply | Flag:

No one is agreeing with Bernie. Merely pointing out that he said Obama is lying about the health of the economy.

#12 | Posted by Dalton at 2013-03-15 11:04 AM | Reply | Flag:

... but it is hardly Obama's fault that Republicans in the Senate filibustered every single bill proposed to rein in outsourcing of jobs or anything else intended to boost our economy.

THis is far from the truth, danni. You guy's throw the "F" word around so glibly that it has become as trite and meaningless as "Bush's fault". I hear that word used falsely so many times, I now assume that you kiddies are crying wolf every time you use it.

There is a lot of meaningful legislation the dems could have put forth but didn't. You can't say the poor dears are always filibustered for legislation that wasn't introduced. That's impossible.

#13 | Posted by goatman at 2013-03-15 11:06 AM | Reply | Flag:

"You can't say the poor dears are always filibustered for legislation that wasn't introduced."

I can and do say that because it is an absolute fact. Pretend whatever you want but what you just posted is absolutely not even true. I won't bother to post a list of the bills because it would be too many, but needless to say Republicans have aggressively tried to prevent recovery because that would have reflected well on Obama. Can we ever forget Mitch Mcconnell saying that his number one priority was to prevent Obama from being a two term president?

#14 | Posted by danni at 2013-03-15 11:09 AM | Reply | Flag:

"You can't say the poor dears are always filibustered for legislation that wasn't introduced."

I can and do say that because it is an absolute fact.

LOL

OK, please explain to the class how a non-existent bill is filibustered. I'm all ears

#15 | Posted by goatman at 2013-03-15 11:12 AM | Reply | Flag:

- he said Obama is lying

Could I see that quote, please?

What he is doing is using methods of counting, such as with unemployment numbers, that are not generally used except when people want to stress a point.

His point being that there was not enough revenue being raised.

It takes a Moonie hack like Joel Gehrke to convert that into "Obama is lying" and even he didn't say that.

#16 | Posted by Corky at 2013-03-15 11:12 AM | Reply | Flag:

Can we ever forget Mitch Mcconnell saying that his number one priority was to prevent Obama from being a two term president?

The opposition party not wanting the incumbent re-elected? Knock me over with a feather. But t'was a noble goal. You shouldn't let what one congressman says during a magazine interview freak you out so much. Also, there are better talking points out there you can puke out.

Can we ever forget Obama's campaign promise that he would have the economy turned around and headed for recover in 6 months? Can we ever forget Obama's administration saying unemployment wouldn't go over 8% if the stimulus law (was that one filibustered? LOL) was passed? Oh well, blame the filibuster anyway.

[...]

#17 | Posted by goatman at 2013-03-15 11:23 AM | Reply | Flag:

"Can we ever forget Obama's campaign promise that he would have the economy turned around and headed for recover in 6 months?"

No but we also need to remember that was stated before anyone had a firm grasp of how big of a disaster Bush would leave the economy in.

#18 | Posted by danni at 2013-03-15 11:25 AM | Reply | Flag:

"I won't bother to post a list of the bills because it would be too many, but needless to say Republicans have aggressively tried to prevent recovery because that would have reflected well on Obama"

And they're STILL doing it to prevent him from being reelected again, right, danni? Well, he IS still out campaigning so you might have a point. I hope they keep him from being relected this time, and I'm willing to see all my assets gone, my house foreclosed, granny thrown off the cliff, starving kids, and I'm also willing to wait in long lines, drink dirty water, breathe polluted air, and get no White House tours just to see he doesn't get reelected again. But you already know that, don't you? ALL republicans want those things just to keep him out of office. The only thing in the world we want is Obama out of office and we'll destroy ourselves and the country to see that. Some republicans are so stupid that they actually don't believe we can't reach prosperity by taxing, borrowing and spending. That's crazy, isn't it, danni?

#19 | Posted by jestgettinalong at 2013-03-15 11:25 AM | Reply | Flag:

I remember Obama's opponent in the 2008 election telling us "the fundamentals of our economy are strong."

#20 | Posted by danni at 2013-03-15 11:27 AM | Reply | Flag:

Danni,

We are seeing a direct correlation between filled trees and filibusters.
Both parties play politics

#21 | Posted by JeffJ at 2013-03-15 11:27 AM | Reply | Flag:

"And they're STILL doing it to prevent him from being reelected again, right, danni?"

No they are now doing it to prevent the Tea Party from running against them in primaries for 2014 and you know it.

" Some republicans are so stupid that they actually don't believe we can't reach prosperity by taxing, borrowing and spending. That's crazy, isn't it, danni?"

Funny, that's now what they said when Bush was President, then deficits didn't matter. Regardless though, our history actually shows us that the way to prosperity is taxing and spending. It's mathematically obvious. Every time we raise taxes the economy improves, it is now and we just raised taxes on the wealthy. It did when Clinton raised taxes in 1992. It did when Roosevelt raised taxes. It did when Kennedy closed loopholes and actually grew the revenue from the rich. It's an economic fact that you just don't want to believe because it contradicts your idiotic ideology.

#22 | Posted by danni at 2013-03-15 11:31 AM | Reply | Flag:

"Both parties play politics"

Not to this extreme ever in my life time.

#23 | Posted by danni at 2013-03-15 11:32 AM | Reply | Flag:

No but we also need to remember that was stated before anyone had a firm grasp of how big of a disaster Bush would leave the economy in.

Not true. Many, if not most respectable economists were predicting the failures that came even before they did. Indeed, the economy had collapsed before the election. The numbers, laws, policies, books, etc. were all there and open. That the zero didn't understand what many economists already did and his ignoring of them is hardly the republican's fault danni.

But kudos for your honesty in admitting he was clueless and couldn't see what many others did.

#24 | Posted by goatman at 2013-03-15 11:34 AM | Reply | Flag:

Danni conveniently forgets what happened to the economy after the Coolidge and Reagan tax cuts

#26 | Posted by JeffJ at 2013-03-15 11:42 AM | Reply | Flag:

Not to this extreme ever in my life time.

#23 | Posted by danni

It was Obama and the Whitehouse tours, right?

#27 | Posted by wisgod at 2013-03-15 11:47 AM | Reply | Flag:

I remember Obama's opponent in the 2008 election telling us "the fundamentals of our economy are strong."

I don't know if this is true or not, especially since it is highly subjective, so I won't comment on it on whether what he said is true or not.

However, good fundamentals don't necessarily mean a good end product. You can have the best milled flour, best refined cane sugar, finest vanilla, and the freshest eggs and milk in the world, but in the end it takes a good baker to turn them into a good cake.

We currently have a horrible baker running the show.

#28 | Posted by goatman at 2013-03-15 11:50 AM | Reply | Flag:

It was Obama and the Whitehouse tours, right?

#27 | Posted by wisgod at 2013-03-15 11:47 AM | Reply

That or when Obama lied and said the janitors weren't going to get paid and scared the bejeezus out of them.

#29 | Posted by Dalton at 2013-03-15 11:51 AM | Reply | Flag:

Maybe Danni can tell us why Obama scared the hell out of the nation and nothing happened other than him looking like a fool.

#31 | Posted by wisgod at 2013-03-15 11:58 AM | Reply | Flag:

Maybe Danni can tell us why Obama scared the hell out of the nation and nothing happened other than him looking like a fool.


It is racist to point out the naked emperor if he is Black.

#32 | Posted by kanrei at 2013-03-15 11:59 AM | Reply | Flag:

Kanrei the black part is fine. It's the white part that screwed the pooch!

#33 | Posted by Dalton at 2013-03-15 12:01 PM | Reply | Flag:

"Danni conveniently forgets what happened to the economy after the Coolidge and Reagan tax cuts"

We had the biggest crash of the stock market since 1929 after the Reagan tax cuts, we ran up more debt that all preveious presidents combined, they Reagan got Congress to pass something like 10 tax increases including the one that created the SS trust fund.

#34 | Posted by danni at 2013-03-15 12:08 PM | Reply | Flag:

"She screwed up on Kennedy though, revenue increased because Kennedy LOWERED taxes."

I knew someone would say that and it is true the rate was lowered but he also closed so many loop holes that most rich people paid more in income taxes than they did before.

#35 | Posted by danni at 2013-03-15 12:09 PM | Reply | Flag:

#18 everybody knew how bad it was. [...]

It's Obamas economy, and you Danni can not explain to us what QE is nor can you explain why we need it, nor when it will stop. Clueless hacks who hate for profit businesses should pretending they know how to fix a free market economy.

#36 | Posted by DavetheWave at 2013-03-15 01:04 PM | Reply | Flag:

"I would have gone much further by making sure that at least 50 percent of deficit reduction since 2010 was achieved by raising revenue from the wealthy and large corporations," Sanders said in his prepared statement."

Nice to see people on the right adopting Bernie Sanders. Too bad they're not adopting his ideas.

#37 | Posted by rcade at 2013-03-15 02:10 PM | Reply | Flag:

#37 Please see #8, #11, and #12.

Don't worry, you aren't the first individual to make that mistaken assumption.

#38 | Posted by HeuristicGratis at 2013-03-15 04:13 PM | Reply | Flag:

#37 This, like the issues with the WH tours, janitors in the capitol, and illegal immigrants released from prison, is about Obama deceiving about a situation.

#39 | Posted by HeuristicGratis at 2013-03-15 04:14 PM | Reply | Flag:

QE is a good idea for now. Everyone is playing the QE game. The country who doesn't loses. That's just how this game works.

#40 | Posted by BruceBanner at 2013-03-16 01:35 PM | Reply | Flag:

Where were the Bernie Sanders etal. before this last election. He and others of his ilk should keep their mouths shut now and put up with the next 4 years of this unmitigated disaster in the WH.

#41 | Posted by matsop at 2013-03-16 01:51 PM | Reply | Flag:

QE is a good idea for now. Everyone is playing the QE game. The country who doesn't loses. That's just how this game works.

#40 | Posted by BruceBanner at 2013-03-16 01:35 PM | Reply

It's a game of musical chairs that no-one wants to stop but when it ends there will be no chair left for anyone. This will end very badly.

#42 | Posted by matsop at 2013-03-16 01:52 PM | Reply | Flag:

I agree that it's not a long term solution. It's making us all poorer. The musical chairs analogy is about right.

#43 | Posted by BruceBanner at 2013-03-16 02:02 PM | Reply | Flag:

"they know how to fix a free market economy."

We've never had one, so no one hows to fix it. Strike that: we don't even know how such a thing would really operate.

#44 | Posted by pragmatist at 2013-03-16 02:13 PM | Reply | Flag:

"No but we also need to remember that was stated before anyone had a firm grasp of how big of a disaster Bush would leave the economy in."

That really isn't true. Both Senators Obama and McCain made a political calculation to speak of the economy optimistically because nobody wins my saying, "hey, folks, we are really screwed this time around." McCain attempted, at least superficially, to give the problem the attention it deserved when he called for a suspension of campaigning and he was crucified for it.

#45 | Posted by Hagbard_Celine at 2013-03-16 05:03 PM | Reply | Flag:

Danni,

You are so naive, wait until you get hammered by Obummercare taxes and fees. Then I want to hear how you explain that. The left wingers are going to go nuts. Then when the economy goes down the drain, inflation goes crazy and I know you will blame it on anybody other than Obummer but it will be his fault. He might actually lead this country some day before his term is over, yeah right. He will rival Herbert Hoover for worst economic leader, and I use the term loosly, ever.

#46 | Posted by gtjr at 2013-03-16 11:00 PM | Reply | Flag:

For telling the truth, Sanders better watch the sky for a drone.

#47 | Posted by sames1 at 2013-03-16 11:03 PM | Reply | Flag:

At least Senator Sanders is openly supporting the creation of a WPA unlike other who just want to claim Obama is doing everything wrong without providing him with plans of their own.

#48 | Posted by Tor at 2013-03-16 11:20 PM | Reply | Flag:

QE1, QE2 & QE3 is money that is not in circulation. Banks dump toxic assets on the Fed & Treasury and then buy Treasury Bills with .075% money they were given. Any claim that it helps to sustain iobs is spurious. We need a Central Bank. But it should not work exclusively for their shareholders which are the 1%. The Fed & President have a legal obligation to keep unemployment under 3% (Humphrey-Hawkins). The fact that the Fed ignored an $8 trillion real estate bubble is consistent with its long history of boom-bust Capitalism, for the 1%.

#49 | Posted by nutcase at 2013-03-16 11:28 PM | Reply | Flag:

Tor

You are not paying attention, everybody that proposes a plan that is not the Obummer plan is rebuffed. There were hundreds of bills that passed the house that dealt with job creation and ways to stimulate the economy, but the senate refused to acknowledge any of them. As we all know Harry Reid is nothing more than a pawn of Obummer.

#50 | Posted by gtjr at 2013-03-16 11:29 PM | Reply | Flag:

"There were hundreds of bills that passed the house that dealt with job creation"

I would love to know more about these bills.

Of course ones that lower taxes, give money to corporations, or treat under/un-employed people like criminals don't count.

Please tell me more about these bills!

#51 | Posted by Tor at 2013-03-16 11:49 PM | Reply | Flag:

A very good and honest man Sanders, I wish he was Prez instead of Obama

#52 | Posted by PunchyPossum at 2013-03-17 12:08 AM | Reply | Flag:

There were hundreds of bills that passed the house that dealt with job creation and ways to stimulate the economy, but the senate refused to acknowledge any of them. As we all know Harry Reid is nothing more than a pawn of Obummer.

#50 | Posted by gtjr

LOL and most if not all were base on tax cut for the rich.
all BS bills

#53 | Posted by PunchyPossum at 2013-03-17 12:16 AM | Reply | Flag:

@ #53 now now PUNCHY we don't know he's a liar.

Maybe the job creating bills really did exist.

Of course if GTJR is just another lying turd we can count on him to never respond to either of our posts.

#54 | Posted by Tor at 2013-03-17 12:52 AM | Reply | Flag:

I knew someone would say that and it is true the rate was lowered but he also closed so many loop holes that most rich people paid more in income taxes than they did before.

#35 | POSTED BY DANNI AT 2013-03-15 12:09 PM

Are those loop holes still closed? If so, whats the problem now?

#55 | Posted by T_Man at 2013-03-17 01:52 AM | Reply | Flag:

We need many more Bernie Sanders and far fewer of what we have in Congress.

#56 | Posted by Robson at 2013-03-17 06:55 AM | Reply | Flag:

Members of Congress and Senate should be restricted from running for reelection unless the median income in the USA in the previous year rises by the inflation rate plus 1% and the debt is reduced by 1%..

#57 | Posted by Robson at 2013-03-17 07:02 AM | Reply | Flag:

And they're STILL doing wookita wookitia to see all my assets gone, my house foreclosed, granny thrown off the cliff, starving kids, and I'm also willing to wait in long lines, drink dirty wate hoodie hoodie. But you already know that, don't you? ALL republicans want those thingdweedeep dweedeep and we'll destroy ourselves and the country toorinka oriinka by taxing, borrowing and spending. That's crazy,wank wank wank

#19 | POSTED BY JESTGETTINALONG AT 2013-03-15 11:25 AM | REPLY | FLAG:IRONICAL TRUTH

Actually the clown brigade is well past the "prevent Obama from being reelected" scenario. They have moved on to the more realistic goal of turning back time and undoing the damage done by the latter day loser Mitthole who exposed them for who and what they really are.

That talk he did about outsourcing to a wonderful Chinese sweat shop filled with (binder?) women waiting to get married, made them feel all creamy and rich. There is nothing better than buildings packed tight with commies kept in their with armed guards preventing them from leaving.

Ten minutes ago you were accusing those Americans working three minimum wage jobs to feed their starving children of being, unambitious, lazy, feeling entitled, depending on the government, expecting free housing, food, and (gasp) medical. You really weren;t interested in reaching them... getting their votes... they didn't matter.

Now they are their best friends and they reeeeeeelllly reeeeellly care about them. The facts are... the clown brigade has sucked the middle class dry now its time to go after the dregs.

hmmmmmmm It taxes logic on how to frame all this in the most positive terms possible... but the clowns will try.

oh well... let me summarize... you screwed yourselves. Ya see its like this... you keep losing because you are outnumbered... which is the inherit flaw of a democratically elected system... where everyone is allowed to vote. The economic policies that were created or... expanded upon... where buisnesses close companies here because the commies can do it better and cheaper over there... created a larger base of disenfranchised people here who came hate your skanky selves for betraying them. It is the disenfranchised that vote against you... and no amount of voodoo trickle down economics is gonna change that.

Of course you can always try messing with how the voting system works... oh wait... last election you tried that... repeatedly.

Yet another circular firing squad brought to you and bought for you by the republiiclowns.

and once again Goathole drags out the vague inane blatherings of soothsaying economists who said ... blah blah blah... to make a point.

#58 | Posted by RightisTrite at 2013-03-17 09:33 AM | Reply | Flag:

Nice to see people on the right adopting Bernie Sanders. Too bad they're not adopting his ideas.

#37 | Posted by rcade

but perhaps they ARE...
evidence of empty shelves at the gun shops would suggest that working class Americans accepting Chairman Mao's "Political power grows out of the barrel of a gun"

- or have you concluded working class Americans buying arms at historic pace so they can have alot of stuff to turn in to the gvt?

#59 | Posted by roadrunner22 at 2013-03-17 09:48 AM | Reply | Flag:

"Can we ever forget Obama's campaign promise that he would have the economy turned around and headed for recover in 6 months?"

No but we also need to remember that was stated before anyone had a firm grasp of how big of a disaster Bush would leave the economy in.

#18 | Posted by danni

ummm, Obama elected 2005-
Obama & Dems controlled all legislative agenda
Obama & Dems set the budget(s)
Obama & Dems approved all military missions
Obama & Dems gave free houses to those who couldn't pay for them

#60 | Posted by roadrunner22 at 2013-03-17 09:56 AM | Reply | Flag:

#53

If it was all based on tax cuts for the rich why not bring the bills to a vote? Then the democrats can identify those that want to cut taxes. The problem was, as with the sequester, "Oh s--- what are we going to do if it works" better not bring it up for a vote.

#61 | Posted by gtjr at 2013-03-17 10:29 AM | Reply | Flag:

Keep taxing and spending. Let's see if that improves things. The dems are in control.

( Like letting a 2 year old control an RC airplane. It's almost guaranteed to crash )

#62 | Posted by sames1 at 2013-03-17 10:52 AM | Reply | Flag:

Danni,

You are correct, Bush gave Obummer a poor economy, just like the one Bush got from Clinton, remember the dotcom bust? Reagan inherited a worse economy, 20+% interest rates, 10% unemployment, and an economy that was going nowhere. The test of a true leader is what did he do with it, Bush turned the sour economy and 9/11 into 6 very prosperous years. Reagan turned the mess he inherited into the longest running prosperity this country has ever seen. Obummer has done.....well....uh....nothing .

A true leader does what it takes and does not get hung up on his agenda like Obummer has. If you don't believe me? Go back and look at what Bush and Reagan inherited, situations as bad or worse than Obummer inherited.

As far as the dotcom bust I am very aware of when it happened because up to that point I had made a tidy sum on dotcom stocks, but I gave a good chunk back when the dotcoms went down.

#63 | Posted by gtjr at 2013-03-17 12:00 PM | Reply | Flag:

"If you don't believe me? Go back and look at what Bush and Reagan inherited, situations as bad or worse than Obummer inherited."

LOL...are you being serious? First off, she DOESN'T believe you, secondly, she's NOT going to see the situations inherited by Bush and Reagan as worse, and thirdly, she is 150% totally dedicated to the Four Tenets of Danniism:

1) Democrats...GOOD!
2) Republicans...BAD!
3) Blame Reagan/Bush!
4) Tax The Rich!

These are her truths enscribed in granite for all time which cannot be modified and from which she can never stray.

#64 | Posted by jestgettinalong at 2013-03-17 12:12 PM | Reply | Flag:

Ah but you forget one other tennant of the democrat, "if you tell someone something long enough you will eventually recognize it as the truth" Sure it will take some time, perhaps when Danni's income takes a serious cut when Obummercare kicks in. Just wait the left wingers will be squealing like stuck pigs.

#65 | Posted by gtjr at 2013-03-17 12:47 PM | Reply | Flag:

Sanders is an idiot. And so it would appear are the citizens of Vermont who put him in office.

#66 | Posted by madbomber at 2013-03-17 05:23 PM | Reply | Flag:

A true leader does what it takes and does not get hung up on his agenda like Obummer has. If you don't believe me? Go back and look at what Bush and Reagan inherited, situations as bad or worse than Obummer inherited.

Well now someone ate all the B.S. and it has made them giddy. Fact... Carter inherited a much worse economic situation than Reagan did when he was elected after Nixon/Ford policies created what was at the time the worse economic collapse since the Great Depression.

Reagan came in created the first trillion dollar deficit to address the situation and raised the debt ceiling 19 times in order to do it. The average rate of unempolyment under Reagoon? 7.5 percent... or just . 3 perscent under what Obama is coasting at right now. Reagoon tripled the national debt.

all in all it took 12 years to recover from the Nixon / Ford economic fiasco... the one Bush-hole the lessor left was far worse and may take considerably longer to fix. REagoon more than quadrupled the deficit spending of Carter.

Bushhole the elder had to pass the largest tax hike in history to cover Reagoons spending.

Clinton inherited that tax increase and turned it into a surplus. Granted at the end of his term the economy was contracting ... as economies do... and a recession was in the works... but the nation had wiggle room because of the surplus.

Bush-hole the lessor took that surplus and recession and with his party having total control of house and senate he delegated the management over to the house and senate never one lifting a veto pen to any of their proposed spending as long as he was allowed to prosecute his wars unhampered. He started two wars on credit leveraging payment for the first war pending a successful out come of the second war which was for oil not not national security as he claimed

The administration was absolutely sure the war Iraq war would pay for itself.. and put the US in control oil prices again . What the republiclowns are in denial is that the wars didn't pay for themselves.. and at the rate things are going they won't ever.

What the clowns are also in denial about is how the unwanted rebuilding efforts pushed the price of building materials... which inflated the cost of home building...inflating the cost of home's for purchase. So the the clowns unbridled by anyone stopping them proceeded to let the banking industry get free with the qualification standards. The upside of that syupididty is that after the first 4 years lowered the purchasing power of their stagnant waged people were miraculously "able

Three times in lest than a century the clown brigade led the nation into economic collapse.

Half the republiclown presidents that held office since I've been voting left office in disgrace.

and the clowns still have not recovered form or come to terms with getting that teh wars will never pay for themselves.

#67 | Posted by RightisTrite at 2013-03-17 07:43 PM | Reply | Flag:

Of course Sanders is correct on what he is talking about. Where were all these "honest" folks before this last election. As far as I'm concerned he should just shut his orifice and not say anything like he did before the election. We have a disaster in the WH and we'll have to put up with it for 4 more years and it won't be pretty. Some of the folds close to the Obummer are ramping up on their portrayals for book sales and we'll see a disengaged POTUS that is out of his element. But that's what some of us have been saying for months but those putting him in office frankly don't care since it's about winning and not what's best for the nation. So this nation is in the eye of the storm right now and the worse is yet to come.

#68 | Posted by matsop at 2013-03-17 07:55 PM | Reply | Flag:

Madbum shouldn't declare Sanders to be an idiot without at least one supporting example.

I admire Sanders for being the only person out of more than 500 elected Congressmen with the chutspa to force an audit of the Fed by adding that requirement as a rider to a Defense spending bill. The partial audit revealed $16 trillion in financial aid for criminal Banksters. Right wing newspapers, networks, cable and radio say little or nothing about this finding. But details are available at Bernie's website with links to the GAO Report. The thing is the bailout is ongoing and the audit was limited, yet revealed a cost equivalent to the entire US debt. The right wing plan is to blame everything on the poor. Anybody that believes that is an idiot.

#69 | Posted by nutcase at 2013-03-17 09:55 PM | Reply | Flag:

Audit the Federal Reserve and audit the gold in Fort Knox----it'll never happen. There's nothing transparent about this government and never will be until the establishment is kicked to the curb and you have representatives that care about the middle class and not the banking industry. Maybe the markets in the coming storm both globally and domestically will fix it for us.

#70 | Posted by matsop at 2013-03-17 10:13 PM | Reply | Flag:

Rightisright

Is not so right. In our business 1976 was agreat year, and money cost, as I remember, was as I rememeber 8% which was not too bad for prime rate. There was high inflation but the employmeent was there and busisness was moving. After Carter got 1977 was good but when we hit 78 things got real, real, bad. The prime rate started to shoot up and hit the highest it had ever been as I remember 21.5% in 1980. For you that do not know prime rate is what the most credit worthy customers can borrow money for. If they are paying 21.5% what do you think less worthy customers were paying?

Now I know rightisright is wrong as usual becasue the worst economy ever belonged to Jimmy Carter, at least until Obummer came along. I was not a Nixon fan, but Nixon/Ford did not leave Carter a disaster, but Jimmy did a great job of making it a disaster. When the borrowing costs get that high busienss stops cold and that is just what Carter did stopped business cold, much like Obummer.

Reagan did indeed inherit a disasster from Carter, I suggest rightisright look at history, look up prime rate history and you will see why Regan is considered one of our best presidents.

As far as Clinton is concerned all he did was sign a balanced budget presented to him by a republican congress. For the past 60 years there has yet to be a democratic congress balance a budget. These are all verifiable on government websites on the interent. If you think I am wrong tell me what year and I will check it out. So next time rightisright check your facts before you shoot your mouth off or we might have to call you rightiswrong,lol.

#71 | Posted by gtjr at 2013-03-17 10:20 PM | Reply | Flag:

Rightiswrong,

Just to save you the effort, Prime rate Nov 1976 6.25%

May 1977 6.50%

Unemployment January 1977 7.5%

These numbers do not pose a disaster economy being handed to Carter, he was good enough to destroy it himself.

#72 | Posted by gtjr at 2013-03-17 10:28 PM | Reply | Flag:

Sanders is right wing tea partying Nazipublican.

Who is he to question anything that comes out of the mouth of the Great One?

#73 | Posted by LIVE_OR_DIE at 2013-03-18 11:48 AM | Reply | Flag:

Matslop...Sanders has been consistent and vocal before and after the election...so you obviously haven't been listening - in which case you are in no position to comment - either that or you are just typin' your typical chicken little trash...

...now go back and hide under your bed or the big black boogieman President of the US is gonna gitcha...

...LOL...

#74 | Posted by 1EyedMan at 2013-03-18 08:30 PM | Reply | Flag:

@ PUNCHYPOSSUM

I do remember one jobs bill that almost made it through congress.

It was the Veterans jobcorps Bill (I think).

I remember it almost got through the Senate and then it was murdered by the Republican party even as Bob Dole pleaded with them to not force our veterans to become beggers.

#75 | Posted by Tor at 2013-03-18 09:31 PM | Reply | Flag:

"Madbum shouldn't declare Sanders to be an idiot without at least one supporting example."

You're right. Idiot is not the right term. He is a statist-a supporter of totalitarian policy. Hitler probably did some good things too, but it's impossible to overlook the bad he would cause if ever given the opportunity.

Or so that's how I've always assessed it. I suppose you can be a supporter of voluntary socialism. I have no problem with that.

#76 | Posted by madbomber at 2013-03-18 10:27 PM | Reply | Flag:

Advertisement

Post a comment

Comments are closed for this entry.

Drudge Retort

Home | Breaking News | Comments | User Blogs | Nooner | Stats | Back Page | RSS Feed | RSS Spec | DMCA Compliance | Privacy | Copyright 2013 World Readable

 

Advertisement