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sabra Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-29-08 10:04 AM
Original message
Bush says Congress blocking progress
Source: CNN

WASHINGTON (CNN) -- Americans are "understandably anxious" about issues affecting their pocketbook, President Bush said Tuesday.

Bush said people are looking to leaders in Congress to take action, but "all they are getting is delay."

Speaking from the Rose Garden, Bush blasted Congress for not doing enough to address Americans' financial fears.

"I repeatedly submitted proposal to help address the problems. Time after time, Congress chose to block them," he said.

Bush called on Congress to send him sensible and effective bills to keep the country moving forward before taking questions from reporters.

Asked if he was premature in saying the economy is not in a recession, Bush said "the average person doesn't really care what we call it."

Read more: http://www.cnn.com/2008/POLITICS/04/29/bush.economy/?iref=mpstoryview
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notadmblnd Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-29-08 10:06 AM
Response to Original message
1. he he he... the little fucker is down right testy today
If the press would just push him a little further.. he would go over the edge. What I wouldn't pay to see that.
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RadioactiveCarrot Donating Member (39 posts) Send PM | Profile | Ignore Tue Apr-29-08 10:58 AM
Response to Original message
2. It's always someone elses fault, ain't it George?
Edited on Tue Apr-29-08 11:00 AM by RadioactiveCarrot
If Congress hadn't blocked his stuff, we may all have gotten his own personal coloring books to burn for heat in the winter! Mr. SilverSpoon is just *that* selfless.
:sarcasm:

Dammit!
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WarhammerTwo Donating Member (113 posts) Send PM | Profile | Ignore Tue Apr-29-08 11:17 AM
Response to Reply #2
4. To quote Hopper...
from A Bug's Life:

"First rule of leadership, your Highness. It's ALWAYS your fault."
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clarence swinney Donating Member (673 posts) Send PM | Profile | Ignore Tue Apr-29-08 11:15 AM
Response to Original message
3. BUSH ECONOVOMITS
SWINNEY FACT CHECK on Zoom Economy-

1. GDP--very high growth.
Consumer spending is 70% of the total. Debt for that spending all time record. By Far. National Saving negative first time since Repub Great Depression. Govt spent 3,000B of money borrowed from foreigners to aid the spending.

2. Debt as % of National Income--In 2000 it was 80% and in 2005 it was 110%.

Also, check number 6 or Money Supply. Federal Reserve increasing money supply. Awesome.

This not a healthy economic growth. Except for ULTRA-RICH.

2. DOW--Clinton hit record 11,720 in 2000. Bush is less than 2,000 above that record. Bush has passed a 1,000 mark twice. Clinton 8.
Clinton increase to his top was 8,200 billion. That was big.

The S&P plus One-half Dow stocks are just now back to 2000 level.

Let us look at TOTAL STOCK MARKET not 30 stocks.

Per Year Increase
Clinton-41%
Bush I-21%
Reagan-17%
Carter-5%
Bush II-4% this is a zoom? Six years.

3. Nasdaq. Clinton record 5000 in 2000. Bush record is to cut it in half--ZOOM down is not good.

4. JOBS--Oh! How we practice to deceive say Conservatives. They tried using Reagan record as from 1983 to 1989. Six years. Omit two years? Come on! Integrity shall never meet me.
They are trying the same deception with Bush. Omit 2001 and 2002.

BUSH NET JOB INCREASE--70,000 per month over 6 years(less one month) This the Big Big ZOOM? He brags on this. Crazy or dumb?
BLS.Gov—Non Farm Jobs-
1-01-132.129 million
1-05-132.574
1-07-137.758
First two years gain 445,000. WOW! ZOOM ON
Better than Reagan. He had net loss of over 5 million in first two years.
Reagan-175,000 per month over 8 years.
Carter-218,000 per month over 4 years.
Clinton-237,000 per month over 8 years.

5.HOUSING--Low Interest RTates did the boom. Big Money Boom by Fed. Tax Cuts had little effect. Bush big time Moogumboo.
Foreclosures ahead! Big Time. Watch this Zoom. Straight Down.

The number of years of average income to buy a new home at average prices.SHOCKING
Check this closely.

1950-2.5 years
1960-2.4 years
1970-2.5 years
1980-3.5 years
1990-4.3 years
2000-3.2 years
2006-5.4 years---this is a Zoom. Wrong direction.

A 68% Increase in six years is not a good ZOOM.

Wages have been too slow or prices too high or a combination.
Baby Boomers will create a genuine mess in our budgets.

Taking bets on Foreclosures. 5 million or 10 million over next five years.

6. MONEY SUPPLY
Bush Sr. claimed Greenspan policies cost him a re-election.

Increases “per year” average in Money supply-In Billions.
Reagan-239---Bush I—56---Clinton—380---Bush II –760 (5 years)

Bush Sr. was correct. Greenspan did not attempt to stimulate the economy for him.

M-1 + M-1 Increase per decade.
1980 Decade-88%--1990 Decade—48%--2000(5 months) 55%
Monthly Average Increase in Decades—1980’s—120B per month—1990’s 64B per month—2006 (5 years + 4 months)-400 B.
Federal Reserve.gov 6-26-07
120-64-(400 in one half a decade is obvious favoritism).
If they continue that trend it will be 120-64-700.
It is obvious the Federal Reserve favored Bush II.

He opened the Printing Presses full time for Jr.
He shafted Clinton with 6.5% interest rate and gave Bush II a 1% rate.

The Fed was so embarrassed by the high increase in Money supply for Bush II that they stopped showing Total Money Supply (M-3) on Monthly/Quarterly Reports.

Lack of Integrity has permeated the Military and many Federal Agencies through President Cheney/Rove/Goering

The White House as set a pattern of it-- It is OK to lie and to hide information--“It is Ok to Lie just keep repeating until it becomes Truth”.

6. SPENDING—Bush inherited spending at 18.5% of GDP and in first term took it to 20.3%. Eight years=disaster. Watch Conservatives try to remove one-half the budget by using Discretionary only. A President is responsible for ALL spending.

Do not let them Goering you with IRAQ the spending problem.
Last two years we spent over 5000 Billion in total. 500B in four years on Iraq. They will try to Goering us.

7. CORPORATE PROFITS
Yes! Zoom Level. Buy overseas at $.50 per hour labor and sell to us as tho it is $10.00 per hour labor. Big productivity gains—low pay gains.
Oh! How Fortune 500 play mathematical games! Import and sell as though made with US labor so productivity show great gains. Show me the productivity gains in US Plants. Ho. Hum.

Whoever is President during 2010-2020 will be in deep doodoo.
Since 1980 this nation's economy has been turned upside down.

From WWII to 1980 all Income-Wealth quintiles increased almost evenly percentage wise.

Since 1980 it has been rush to top with bottom 75% stagnated.

In the 1980 decade the top 10% took 70% of total national income growth.

clarence swinney
political research historian of Reagan-Clinton-Bush II administration since 1991.
president-Lifeaholics of America
clarenceswinney@bellsouth.net
author-LIFEAHOLIC-Success by working for a Life not just a Living





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loves_dulcinea Donating Member (384 posts) Send PM | Profile | Ignore Tue Apr-29-08 05:28 PM
Response to Original message
5. if bush considers it progress

i want it blocked.
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and-justice-for-all Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-29-08 06:39 PM
Response to Original message
6. Bush and Progress should not be used in the same sentence..nt
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Bush_MUST_Go Donating Member (378 posts) Send PM | Profile | Ignore Tue Apr-29-08 06:44 PM
Response to Reply #6
7. But he's The Decider. He decided it's not HIS fault. Nothing is.
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and-justice-for-all Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-29-08 08:37 PM
Response to Reply #7
8. Cocain and Alchoholism will cause delusions...nt
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dflprincess Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-29-08 08:40 PM
Response to Original message
9. Well, he's sort of right -
the Republicans in Congress have managed to block a number of progressive proposals.
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sakabatou Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-29-08 09:16 PM
Response to Original message
10. *boom*
Damn, there goes my irony meter.
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