In response to:

Obama Administration Misleads the Country on Tax "Cuts"

Libs_Are_UsefulIdiots Wrote: Nov 19, 2012 5:36 PM
Bush’s Economic policies SET A RECORD of 52 STRAIGHT MONTHS of JOB CREATION! The average unemployment rate during Pres. Bush’s 8yrs in office was 5.3% So what REALLY caused this economic mess? Remember the day… January 3rd, 2007 was the day the Democrats took over the Senate and the Congress: At the time: The DOW Jones closed at 12,621.77 The GDP for the previous quarter was 3.5% The Unemployment rate was 4.6%.
upwithRomney Wrote: Nov 19, 2012 5:57 PM
rewriting history neither helps us nor gets us elected. The reality is that we have to stop telling ourselves that much of this wasnt cause by Bush's policies (remember the ownership society that encouraged too many to buy homes they couldnt afford)? Remember the wars we fought at the rate of $2billion/week without paying for them? Remember Part D or "No child left behind", both unfunded. No, I am afraid that we can tell ourselves these stories but the American people are not buying it and no longer am I. Mitt should have won in a landslide but people just dont believe us any more.
upwithRomney Wrote: Nov 19, 2012 5:53 PM
OK, blame who you want but I believe in taking responsibility for my (and our) errors and miscalculations. I know what assets I had when Bush left and I know how much I have now. When Bush left, my son and daughter in law and just gotten laid off and now they are both working in good jobs. When Bush left office, we were in two wars, had unfunded mandates and the unemployment rate was skyrocketing. His last month in office, we lost over 700,000 jobs.
Libs_Are_UsefulIdiots Wrote: Nov 19, 2012 5:38 PM
In addition, the economy was in a recession when Bush took over.

- The tech bubble burst on March 10, 2000.
- Terrorists attacked US soil on 9/11/2001.
- Katrina hit the Southern coast in Sept of 2005.

These natural disasters and hangovers from the previous administration cost the economy trillions.

The economy was the very best it had ever been until the Democrats took over congress.
Libs_Are_UsefulIdiots Wrote: Nov 19, 2012 5:37 PM
January 3rd, 2007 was the day that Barney Frank took over the House Financial Services Committee and Chris Dodd took over the Senate Banking Committee.

The economic meltdown that happened 15 months later was in what part of the economy?

BANKING AND FINANCIAL SERVICES!!! THANK YOU DEMOCRATS for taking us from 13,000 DOW, 3.5 GDP and 4.6% Unemployment… to this CRISIS by (among MANY other things) dumping 5-6 TRILLION Dollars of toxic loans on the economy from YOUR Fannie Mae and Freddie Mac FIASCOS!

Bush asked Congress 17 TIMES to stop Fannie & Freddie - starting in 2001, because it was financially risky for the U.S. economy, but no one was listening.

The White House is promoting the extension of the Bush Tax Cuts for the middle class (which should really be called the Obama-Bush Tax cuts, since Obama extended them in 2010) as exactly that, tax cuts. But the truth is, an extension of the tax cuts wouldn't be a cut at all, but would keep tax rates at the current rate. The Obama admnistration is implying on the official website that a tax cut is coming for the middle class when in reality if a deal is made by January 1, middle class families won't see a tax...