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Bush-enomics or How to create stagflation.

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  • #31
    Originally posted by Kidicious
    I don't know anyone who knew that the subprime loan crisis was coming. Not even experts. You can't blame some knuckledragger Texan for that.
    I've been saying that Freddy Mac and Fannie Mae have been going to collapse for a while now.

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    • #32
      I'm sure Bush has been trying damn hard for 7 years to get stagflation and only now has he succeeded in his long awaited goal.
      Scouse Git (2) La Fayette Adam Smith Solomwi and Loinburger will not be forgotten.
      "Remember the night we broke the windows in this old house? This is what I wished for..."
      2015 APOLYTON FANTASY FOOTBALL CHAMPION!

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      • #33
        Americans are getting poorer if their anual income is growing less than inflation, not if inflation is higher than the growth of the economy.

        And I dont think Bush is too blame for inflation, inflation has increased because commodities all around the world are getting more expensive, the new Chinese and Indian middle class and the oil prices are too blame.

        I imagine maybe Bush could be blamed a little because of the situation he has created in the middle east, which has made oil more expensive, and because of the twin deficits, commercial and budget
        I need a foot massage

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        • #34
          Originally posted by Oerdin
          So you think decreasing demand in the US wouldn't effect oil prices? Nice.
          When even Kid thinks your a little off, it might be time to rethink things.
          I make no bones about my moral support for [terrorist] organizations. - chegitz guevara
          For those who aspire to live in a high cost, high tax, big government place, our nation and the world offers plenty of options. Vermont, Canada and Venezuela all offer you the opportunity to live in the socialist, big government paradise you long for. –Senator Rubio

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          • #35
            IIRC we had a thread a few months ago talking about how the subprime mortgage situation was going to become a fiscal disaster. Maybe Bush was too busy trying to salvage his legacy to notice or care.
            I'm consitently stupid- Japher
            I think that opinion in the United States is decidedly different from the rest of the world because we have a free press -- by free, I mean a virgorously presented right wing point of view on the air and available to all.- Ned

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            • #36
              Did Bush put a gun to the heads of idiots and force them to buy houses they couldn't afford?
              I make no bones about my moral support for [terrorist] organizations. - chegitz guevara
              For those who aspire to live in a high cost, high tax, big government place, our nation and the world offers plenty of options. Vermont, Canada and Venezuela all offer you the opportunity to live in the socialist, big government paradise you long for. –Senator Rubio

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              • #37
                Nope, but he certainly could have shut down the instruments that let them pretend that they could have bought a house. Instead he was talking about his ownership society.

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                • #38
                  Originally posted by Ben Kenobi
                  I'm sure Bush has been trying damn hard for 7 years to get stagflation and only now has he succeeded in his long awaited goal.
                  More like the US economy was robust enough to delay the natural consequences of his policy decisions. The problem is eventually it caught up to him.
                  Try http://wordforge.net/index.php for discussion and debate.

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                  • #39
                    This measure of inflation is very volatile. It's not of the highest significance.
                    I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891

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                    • #40
                      Nice edit.
                      Try http://wordforge.net/index.php for discussion and debate.

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                      • #41
                        Like Carter said that future generations couldn't expect to be as prosperous as their parents?
                        Scouse Git (2) La Fayette Adam Smith Solomwi and Loinburger will not be forgotten.
                        "Remember the night we broke the windows in this old house? This is what I wished for..."
                        2015 APOLYTON FANTASY FOOTBALL CHAMPION!

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                        • #42
                          Originally posted by Oerdin
                          Nice edit.
                          Yes, it was to make clear that this measure of inflation can be referenced, but it's not the one I would look to primarily when I think about what's happening in the country.
                          I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891

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                          • #43
                            Berating Bush is beating a dead horse.
                            Life is not measured by the number of breaths you take, but by the moments that take your breath away.
                            "Hating America is something best left to Mobius. He is an expert Yank hater.
                            He also hates Texans and Australians, he does diversify." ~ Braindead

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                            • #44
                              Or a lame duck.

                              Originally posted by Ming
                              Yep... so I closed the one that was most likely to become a spam thread
                              Originally posted by Ming
                              Hey folks... back on topic and enough of the spam.
                              Captain of Team Apolyton - ISDG 2012

                              When I was younger I thought curfews were silly, but now as the daughter of a young woman, I appreciate them. - Rah

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