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Which cronies will Obama pay off with the NEXT stimulus bill?
I thought the LAST "stimulus" was supposed to get the economy out of the hole? Obama says we need to "spend" our way out of debt? Man, has this guy ever heard of mathematics? How do you get out of trillions in debt by spending more?
Bush what? Oh yea, Obama spent more in 1 yr than Bush did in eight, WITH 2 WARS COMBINED!
"thoughcriminal" the repaid money was "supposed" to pay back the debt! Where do you think the original money came from? -1 trillion + 1 trillion = zero!
Gotta fill the vacuum buddy...
- justgetitrightLv 71 decade agoFavorite Answer
It will probably go to his cronies in Chicago since he did not get the Olympics for them and then if there is anything left he will pass it on to George Sore-***
Not to bob:
Are you a complete fool ? how can one spend 52 trillion on a budget when the US only takes in approximately $2.5 trillion each year? If what you are saying were even close to being true then our national debt would be in excess of $30 trillion, excluding all of the other garbage you tossed in to make yourself appear to be smart. If you include the wars of Afghanistan and Iraq the debt would be a helluva lot higher than $30 trillion.
Now in regards to the $1 trillion gift to the banks and AIG, here is a fact that I know you will not like but I present them to show you what a liar you are.
The $1 trillion is the TARP funds that were authorize in October 2008. The amount of those TARP funds was $700 billion ($300 billion less than you state). These funds were released 50% on October 15th 2008 and 50% on January 15th 2009. Bush spent his share and on February 10th 2009 Timothy (I don't pay taxes) Geithner spend $50 billion to mitigate home foreclosures and $300 billion was given to investors to purchase toxic assets so they would be off of the books of the financial institutions.
Now I know that the next set of facts will really piss you and the rest of the liberal no nothings on Y/A.
Bush entered office in January 2001 and assumed a national debt of $5.8 trillion (rounded off) in Bush's first 6 years and with a republican controlled congress the national debt increased an average of $483 billion each year, much of this money was used to finance the wars in Iraq and Afghanistan. In January 2007 democrats regained control of congress so in the last 2 years of Bush's presidency the national debt increased an average of $1 trillion each year (again these numbers are rounded).
When Obama took office in January 2009 the national debt was $10.7 trillion, the Bush administration added $4.9 trillion, $2 trillion of which was with a democrat controlled congress. So far Obama has in 11 months added an additional $1.4 trillion to the national debt and has done so with the same congress.
You really need to wipe your mouth, there is still bullshit on your lips.
OK now a note to Thought Criminal:
I really do enjoy the Bush lied and illegal war theme that comes from the uninformed left, some of you on the left actually have a clue.
Have you ever heard of Public Law 105-338 (I didn't think so) In October 1998 President Bill Clinton signed the Iraq Liberation Act which after his signature became Public Law 105-338. This law stated that it should be the policy or the United States to remove Saddam Hussein from power, implement a democracy and to stabilize the region, it says much more and it does state that the use of force had to be authorized.
In December 1998 Clinton authorized Operation Dessert Fox, this operation was a series of air strikes within the Iraq border. Now the use of force was authorized by UN resolution 687 in 1991, this resolution by the UN stated several items that Iraq had to comply with or military force could be used, Clinton used this same resolution as part of his authority for Dessert Fox because of Saddam Hussein's repeated violation of UN rules.
Weapons of Mass Destruction were all part of the reasons for the UN resolution, the Iraq Liberation Act and these concerns were widely accepted by the democrats in congress.
Bush did seek authority and did receive authority to go into Iraq. If the UN, Bill Clinton and congress all thought that Saddam Hussein was a threat to the region, what makes you so smart in saying that he was not?
No lets get to some facts regarding Osama bin Laden, President Clinton is the one that let him slip through his fingers, Clinton was offered bin Laden 3 times, all he had to do was go pick him up and we may very well not have ever had 9/11 or either of these two wars. It is that simple, Clinton screwed up.
As far as Bush turning his back on Afghanistan, I am in agreement with you. Bush took far to many troops out of Afghanistan and placed them into Iraq. This action allowed the Taliban to regroup and has placed us in the situation that we are in today.
Note to humane:
Just read what I said to bob and then take off your shoes and slip into something more comfortable, like a coma.
An update to bob:
I love facts, why not try putting some forth
- bobLv 71 decade ago
OK combined Bush budgets over eight years was about 52 trillion not including his "supplemental" spending for his wet dream wars. Then there was another trillion for his gift to the banking industry, and AIG. OK Einstien, are you telling me that Obama has spent sixty trillion this year alone. Even a complete moron would be able to see that this is not true, so the question is are you a complete moron or just a psychopathic liar. Either way, I don't see why any one should take you too seriously. In answer to your final question, pick up a few economics books and find out how government spending was what brought us out of the great depression whether you join the mainstream and credit the new deal as most economists or the revisionist conservative economists who credit WWII, either was government spending. It looks like you know nothing about mathematics or economics.
EDIT: Two thumbs down..once again how much Republicans hate fact!
- Anonymous1 decade ago
If he is not the biggest joke for a president I have ever seen, this country is soooo waaay beyond screwed. I think he takes one of the little spinners on a kids game board but instead of numbers to move ahead on, this wheel has the names of every single company that has their hands out for money, he spins it and thats the one that gets to rob us working people, then Obama makes it look like he is actually doing something. And Obama spent 1 and 1/2 trillion dollars, yes I guess he is doing something, hell hire me to run this country I can spend other peoples money. And where are these jobs he lied about creating. Its amazing how I ask people that read this site these questions, for those that voted for the looser, they can't answer it, because they are so embarrassed that they got the wool pulled over their eyes and they KNOW they helped put us all in this hell hole, but they are kids that did not know what they were doing, but they will figure out what our fearless leader did when their kids grow up and can't move out of the house......
- 1 decade ago
What do you want?
That stupid Bush era where we were all on our toes?
It was the republicans and the so called conservatives that brought America to it's economic toes.
Foolish war with billions borrowed from China to destroy and patriotic Americans being killed in that foolish war.
The world is at least enjoying a moment of peace not worrying that US will go to war with Russia over Georgia.
By the way when oil price went up due to that stupid Bush's WAR, Bush's family business made huge money. Cheney's defense company made huge money.
If you expect that poor Obama to fix the 8 yrs mess of Bush in 1 yrs, then you must get your brain checked.
If you like, remove Obama and get America backward, the Chinese will benefit more.
Do not forget that the world has changed and that olden days US monopoly can no longer be sustained with bombs and dollars.
In my opinion, poor Obama is doing thousand percent better that Bush.
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- Anonymous5 years ago
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- 1 decade ago
he will send it to George Soroes, the owner of GE and NBC.
Since obama has been in office, GE has gotten 210 billion of the stimilus funds that are marked as NOT needed to pay back!
Now GE is buying 400 billion worth of ads from its OWN company NBC. so guess where that new money obama is taking from us is going.
didnt obama make a big speech on tv and everywhere else when he asked for the stimilus and tarpe funds saying, "the people will get this money right back in their pockets as soon as the banks start paying it back and the people will also get interest paid on that money!"
I guess that is just another lie from obama
- 1 decade ago
Well, you've got all those Lefty non-profits out there.
There must be a few unions who were left out of the last deal.
The government is so huge, the list of boondogles and social engineering projects could be endless.
- 1 decade ago
Barry Obama wants to OBOMBUS
Lock your doors, be careful who you email. Big Brother is watching, prepared to invade your privacy, erode your liberties, start more wars, and fill your head with propaganda ala the media.
CAPITALISM IS THE ONLY KNOWN CURE!!!
Reading the Constitution is a must!
- ThoughtCriminalLv 51 decade ago
In case you haven't heard....the banks are repaying the TARP loans..
and talk about money wasted.....
The invasion of Iraq was justified by lies.....made up Bull****.....fabrications.
How much money was wasted there?
You guys just DON"T get it.
Where would we be now if Bush had not TURNED HIS BACK on Afghanistan?
How many times does it need to be said?
BUSH LIED THROUGH HIS TEETH.
Containment was working.
Saddam wasn't a threat to the region.
Let alone the Continental United States.
Bush let bin Laden escape.
He wanted to invade Iraq before 911.
911 was a CONVENIENT excuse.
- Anonymous1 decade ago
Joe Biden said the same thing earlier this year. What a tool.