Trump's broken economic promises

I’ve explained how the housing bubble and financial crisis happened. If it was so simple why didn’t anyone stop it ??

 

It doesn’t show $161B borrowed. It shows a $161B budget deficit.

 

Ask Bush. He was the boss.

 

I know the difference between phony "deficit" government bookkeeping and the real borrowing that took place as proven by the increase in debt. And of the FY 2009 budget deficit of $1.4 trillion, 1.2 Trillion of that belongs to Bush.

 

A deficit that in reality needed to borrow $500 billion to cover.

 

No need to ask Bush. I’ve documented everything for you.

 

Interest is not included in the OMB analysis which only considers tax revenues and spending.

 

If you had you would know that Bush was boss and therefore responsible.
I just hate it when people that try to blame their failures on someone else.

 

You spend money on interest on the debt, so it is part of OMB spending calculations. But thank you for proving you have no idea what the interest on the debt was in 2007 since you think it was the extra $360 billion of the $500 billion borrowed and the fake $161 billion deficit reported. The interest was considerably LESS.
See you let the truth slip out every once in a while.

 

Bush is not singly responsible. The banking regulations started in FDR's Presidency and the low income housing policies started under Clinton. You should review my tutorial on the subject again.

 

No it's not. And how much do you claim it is ??

 

I don't claim, I know. But YOU don't!

 

Then let us all in on your wisdom.

 

NO!

 

All righty then.

 

There is nothing phony and the fact remains that the Democrats took control of Congress and the budget January of 2007 for FY2008. 2008 forward were Democrat budgets and especially 2009 where they cut Bush out completely awaiting a Democrat president and Obama sign that bill into law.

"In FY2009, Congress did not complete work by September 30, 2008. President Bush did sign some appropriations bills and a continuing resolution to keep the government running into President Obama’s first term, yet a Democrat controlled Congress purposely held off on the big spending portions of the appropriations bills until Obama took office. They did so for the purposes of jacking up spending. President Obama signed the final FY2009 spending bills on March 11, 2009.
The Democrats purposely held off on the appropriations process because they hoped they could come into 2009 with a new Democrat-friendly Congress and a President who would sign bloated spending bills. Remember, President Obama was in the Senate when these bills were crafted and he was part of this process to craft bloated spending bills. CQ reported that “in delaying the nine remaining bills until 2009, Democrats gambled that they would come out of the November 2008 elections with bigger majorities in both chambers and a Democrat in the White House who would support more funding for domestic programs.” And they did.
The Truth about President Obama's Skyrocketing Spending

"Unlike last year, when Bush forced Democrats to accept lower spending figures, this year could prove more difficult for the president. The fiscal year begins Oct. 1, less than four months before he leaves office.
"He doesn't have us over a barrel this year, because either a President Clinton or a President Obama will have to deal with us next year," said Senate Majority Leader Harry Reid, D-Nev. "We are not going to be held hostage to the unreasonableness of this president."

Much of the president's plan has little chance of passage, lawmakers and budget experts say. Nearly $200 billion in Medicare and Medicaid savings need congressional approval, which Democrats are unlikely to provide. "Dead on arrival," vowed Sen. Max Baucus, D-Mont., chairman of the Senate Finance Committee.
http://usatoday30.usatoday.com/news/washington/2008-02-03-bush-budget_N.htm

 

Please explain how Bush could have vetoed the FY2009 budget resolution.

And you're blaming him for not stopping the Democrats? Are you telling me you vote against Democrats and support Republicans?

 

Don't you guys ever get tired of mindlessly parroting discredited Right-wing talking points??? FY 2009 spending was already baked in before Obama ever took office.
By the time Obama took office in January 2009, the nonpartisan Congressional Budget Office had already estimated that increased spending and decreased revenues would result in a $1.2 trillion deficit for fiscal year 2009, which began Oct. 1, 2008. In a detailed analysis of fiscal year 2009, Obama was responsible for adding at most $203 billion to the deficit, which in the end topped $1.4 trillion that year.

 

With his VETO PEN or a pocket veto. If he had vetoed the bill and the Dems passed it OVER his veto then you would have a case that the spending was due to the Dems, but he didn't so you don't.

 

Since when do ex-Presidents get to veto budget bills. Did they take it down to Texas or did he have to go back to DC?

 

Why is it that none of the Dem candidates mentions the economy................ever?

 

So Bush was an ex-president in 2008, that's rich!

 

Nope January 20th 2009. You still haven't explained how he an ex-president could have vetoed the the Democrats 2009 Omnibus spending bill.

 

Baked in by the Democrats.

 

Good to see you accept that Trump has failed on almost all if not actually all of his promises. When your success rate is zero it is hard for anyone else to do much worse.