Would Obama take the Democrats backwords in economic policy?
alphabetsoup2 asked:
Like him or not, Bill Clinton was a centrist economically.
Like him or not, Bill Clinton was a centrist economically.
In his speeches prior to becoming President Clinton highlighted the need for the party to embrace many “supply side” policys. Clinton led the charge for a balanced budget, and free trade agreements, which spelled prosperity and wealth creation during his tenure.
None of this is heard from Obama. In fact, he has spoken out against free trade agreements, and, has offered little by way of knowing how many pro business growth initiatives he would support if President.
So, is Obama going to take the Democrats back a generation?
Clive
July 25th, 2008 at 5:21 pm
yes
obama’s presidency is also jimmy carter’s 2nd term
July 28th, 2008 at 9:53 pm
At least you’re right about clinton being a centrist.
We’ll see how Obama fares, he’ll get his chance
July 29th, 2008 at 8:39 pm
If you think the economy isn’t set back now under this administration, you must be a Fox Noise loyalist..
August 1st, 2008 at 11:51 am
Not only would his economic policies set the Democrats back, they would set the entire country back 30 years.
August 3rd, 2008 at 4:06 am
The democrats have been going backwards for over 40 years, but yes, Obama would have them stomp wrecklessly on the accelerator.
August 5th, 2008 at 5:01 pm
He wants taxes on Windfall Profits, he wants to increase taxes and increase spending. He also is pandering to the Unions and with labor expenses so high this too will send us back a generation. So we can agree he is going backwards, the why is a little harder to answer. I think it’s because people want change, so he is giving them change, not necessarily good change, but change nonetheless.
August 6th, 2008 at 1:12 am
Yes straight back to gas lines, high taxation, and double digit inflation. His economic policies are the same as those proposed and enacted during the Carter administration. We all know just how well that worked out don’t we?
August 7th, 2008 at 11:08 am
No, I don’t think he will. The market has changed a lot since Clinton’s era. Clearly our economy has suffered under the Bush administration and will require policy changes.
August 10th, 2008 at 6:04 pm
I am scared **** as Obama spent his childhood years in an Indonesian madarssa. Indonesia is one of the most militant muslim nations in the world. Indian businessmen get arrested in that country if they do not have their tax receipts with them. Obama can do anything to the US if he is elected.
August 11th, 2008 at 9:59 am
Actually, if you check Congressional Budget Office on Clinton’s budgets he did not really balance the budget. He took over 158 billion dollars from Social Security that gave the appearance of a balanced budget. It in fact put us farther into debt. The policies of Obama we have seen before with McGovern and Carter. They are not new and have failed when tried before.
Additional:
Here. This is from the Congressional Budget Office from March 1999. How Clinton reduced the debt and increased it at the same time. Wait a second you can’t reduce it and increase it at the same time. Right. He increased at the expense of Social Security.
Yesterday the Congressional Budget Office (CBO) released its preliminary re estimate of the White House budget. This follows the Joint Committee on Taxation’s (JCT) re estimate of the Clinton White House’s tax provisions last week. Together, CBO and JCT are Congress’ official estimators — nonpartisan entities that Clinton himself promised to use when he first took office back in 1993.
President Clinton has promised to protect Social Security, to reduce the debt to the maximum extent possible, to control spending, and reduce taxes. But, Congress’ official estimators show that on all four counts, the President’s budget fails. Instead, Clinton’s budget raids the Social Security trust fund for $158 billion in five years, it artificially erases the surplus, it lowers the public debt less than doing nothing would, it increases spending, and it raises taxes by $89.7 billion over the 1999-2009 period.
Clinton Raids Social Security: According to CBO, Clinton spends $40 billion of the Social Security surplus in his budget’s first year (2000) and $158 billion over the first five years (2000-2004).
This is the same Social Security surplus that he has promised to save in its entirety.
August 11th, 2008 at 1:27 pm
As things are now in USA…no matter what OB AMA will do …the results will be a lot better… on living conditions what we have now in USA.
August 13th, 2008 at 1:53 am
I don’t know if I would say he would lead us backwards. From what I have seen of him so far, I would think it would be around in circles.
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August 14th, 2008 at 6:09 am
not just the democrats, he will take us all.
thats the problem with our current 2 party BS, these people are supposed to represent us all ,not just the voters who elected them to office. we all share equally in both the good and bad decisions they make.
August 15th, 2008 at 10:31 pm
No, I have faith in his ability to make decisions. I have faith in the people he surrounds himself with despite the negative things people who are afraid of him say he has some very successful, intelligent & caring people in his world. He will consult with them. He is a person that believes in win-win which means he will not do something cause he wants to do it but because we will also.I voted for Hillary because I didn’t know enought about Obama but now I can see he is going to be even better than Bill & Bill was the best at that time. He had so much to clean up & he did that. Obama has so much more but he is a person that understands how to be successful. I study that & can see he will be successful & so we will. I don’t know what will happen to the crooks Bush, McCain, Cheney, Rove but I also think they will be stopped.