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Mitt Romney: George W. Bush Saved Country From Depression

Posted by dand124 on Fri Mar 23 00:49:50 2012

HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA

http://www.huffingtonpost.com/2012/03/21/mitt-romney-george-bush_n_1371073.html


At a town hall here on Wednesday, Mitt Romney claimed that the economic policies of former President George W. Bush and then-Treasury Secretary Henry Paulson were responsible for keeping the United States out of a full-scale depression.

"I keep hearing the president say he's responsible for keeping the country out of a Great Depression," Romney said in front of around 200 people at an American Legion post. "No, no, no, that was President George W. Bush and Hank Paulson."

The crowd, which overflowed into the parking lot about an hour before the event, seemed enthusiastic about Romney's message and applauded for his comments on less regulation and removing the "heavy hand of government."

The attendees also laughed good-naturedly at a potentially awkward moment for Romney. While asking Romney a question, a business owner joked about the candidate's failed business ventures -- likely companies owned by Bain Capital -- and told Romney, "I haven't failed yet." "You will," said Rommey to laughter, before clarifiying that failure was "in the nature of the private sector."

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Re: Mitt Romney: George W. Bush Saved Country From Depression

Posted by salaamallah@hotmail.com on Fri Mar 23 01:03:31 2012, in response to Mitt Romney: George W. Bush Saved Country From Depression, posted by dand124 on Fri Mar 23 00:49:50 2012.

zzzzzzzzzzzz

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Re: Mitt Romney: George W. Bush Saved Country From Depression

Posted by Olog-hai on Fri Mar 23 01:30:36 2012, in response to Mitt Romney: George W. Bush Saved Country From Depression, posted by dand124 on Fri Mar 23 00:49:50 2012.

I sure don't agree with Romney. The fellow has a bad problem with double-talk. Neither of those presidents mentioned saved the US from depression.

However, your opening of this post just continues to illustrate your descent into breakdown.

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Re: Mitt Romney: George W. Bush Saved Country From Depression

Posted by SelkirkTMO on Fri Mar 23 01:36:08 2012, in response to Mitt Romney: George W. Bush Saved Country From Depression, posted by dand124 on Fri Mar 23 00:49:50 2012.



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Re: Mitt Romney: George W. Bush Saved Country From Depression


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Re: Mitt Romney: George W. Bush Saved Country From Depression

Posted by salaamallah@hotmail.com on Fri Mar 23 03:41:46 2012, in response to Re: Mitt Romney: George W. Bush Saved Country From Depression, posted by SelkirkTMO on Fri Mar 23 01:36:08 2012.

lol

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Re: Mitt Romney: George W. Bush Saved Country From Depression

Posted by AlM on Fri Mar 23 08:45:43 2012, in response to Mitt Romney: George W. Bush Saved Country From Depression, posted by dand124 on Fri Mar 23 00:49:50 2012.

At a town hall here on Wednesday, Mitt Romney claimed that the economic policies of former President George W. Bush and then-Treasury Secretary Henry Paulson were responsible for keeping the United States out of a full-scale depression.

He is 100% correct. And those policies were continued by President Obama and would have been continued by President McCain if he had been elected.





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Re: Mitt Romney: George W. Bush Saved Country From Depression

Posted by SLRT on Fri Mar 23 09:50:06 2012, in response to Mitt Romney: George W. Bush Saved Country From Depression, posted by dand124 on Fri Mar 23 00:49:50 2012.

He did. The quick introduction of liquidity in a bank panic prevented markets from shutting down completely.

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Re: Mitt Romney: George W. Bush Saved Country From Depression

Posted by RIPTA42HopeTunnel on Fri Mar 23 09:58:17 2012, in response to Mitt Romney: George W. Bush Saved Country From Depression, posted by dand124 on Fri Mar 23 00:49:50 2012.

Finally, a Republican gives George W. Bush credit for the good things he did instead of saying they were bad and blaming them on Obama.

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Re: Mitt Romney: George W. Bush Saved Country From Depression

Posted by dand124 on Fri Mar 23 10:01:43 2012, in response to Re: Mitt Romney: George W. Bush Saved Country From Depression, posted by AlM on Fri Mar 23 08:45:43 2012.

it could have been done differently.

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The other shoe: Re: Mitt Romney: George W. Bush Saved Country From Depression

Posted by JohnL on Fri Mar 23 11:06:38 2012, in response to Mitt Romney: George W. Bush Saved Country From Depression, posted by dand124 on Fri Mar 23 00:49:50 2012.

What didnít make it into the statement was that GWB was at least partly responsible for the mess in the first place.

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Re: The other shoe: Re: Mitt Romney: George W. Bush Saved Country From Depression

Posted by bingbong on Fri Mar 23 11:28:22 2012, in response to The other shoe: Re: Mitt Romney: George W. Bush Saved Country From Depression, posted by JohnL on Fri Mar 23 11:06:38 2012.

Mostly responsible.

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Re: Mitt Romney: George W. Bush Saved Country From Depression

Posted by orange blossom special on Fri Mar 23 11:32:19 2012, in response to Mitt Romney: George W. Bush Saved Country From Depression, posted by dand124 on Fri Mar 23 00:49:50 2012.

What's so funny? Obama asked for all these things to be on his desk on day 1 and Dubya gave it to him. O'bama credits Bush for the same.
Which paralell universe are you sitting in?

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Re: Mitt Romney: George W. Bush Saved Country From Depression

Posted by bingbong on Fri Mar 23 11:36:50 2012, in response to Re: Mitt Romney: George W. Bush Saved Country From Depression, posted by SLRT on Fri Mar 23 09:50:06 2012.

After he allowed the problem to happen to begin with.

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Re: Mitt Romney: George W. Bush Saved Country From Depression

Posted by RIPTA42HopeTunnel on Fri Mar 23 11:39:15 2012, in response to Re: Mitt Romney: George W. Bush Saved Country From Depression, posted by orange blossom special on Fri Mar 23 11:32:19 2012.

Which paralell universe are you sitting in?

The real one.

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Re: The other shoe: Re: Mitt Romney: George W. Bush Saved Country From Depression

Posted by AlM on Fri Mar 23 12:53:31 2012, in response to The other shoe: Re: Mitt Romney: George W. Bush Saved Country From Depression, posted by JohnL on Fri Mar 23 11:06:38 2012.

But so were lots of people.


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Re: The other shoe: Re: Mitt Romney: George W. Bush Saved Country From Depression

Posted by GP38/R42 Chris on Fri Mar 23 13:10:57 2012, in response to Re: The other shoe: Re: Mitt Romney: George W. Bush Saved Country From Depression, posted by AlM on Fri Mar 23 12:53:31 2012.

You are getting more and more centrist as others continue to slope off the hills.

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Re: The other shoe: Re: Mitt Romney: George W. Bush Saved Country From Depression

Posted by AlM on Fri Mar 23 13:20:27 2012, in response to Re: The other shoe: Re: Mitt Romney: George W. Bush Saved Country From Depression, posted by GP38/R42 Chris on Fri Mar 23 13:10:57 2012.

Not getting more centrist. I've been saying all along that the great recession is the fault of lots of people. I've also been saying all along that McCain would have done pretty much the same program to combat the recession as Obama.


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Re: Mitt Romney: George W. Bush Saved Country From Depression

Posted by 3-9 on Fri Mar 23 14:52:06 2012, in response to Re: Mitt Romney: George W. Bush Saved Country From Depression, posted by SelkirkTMO on Fri Mar 23 01:36:08 2012.

That's more skill than I've ever been able to display :-)


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Re: Mitt Romney: George W. Bush Saved Country From Depression

Posted by 3-9 on Fri Mar 23 14:55:07 2012, in response to Re: Mitt Romney: George W. Bush Saved Country From Depression, posted by dand124 on Fri Mar 23 10:01:43 2012.

I think Paulson, Bernanke, etc., were at least partially flying by the seats of their pants after the crisis hit.

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Re: Mitt Romney: George W. Bush Saved Country From Depression

Posted by SelkirkTMO on Fri Mar 23 17:28:39 2012, in response to Re: Mitt Romney: George W. Bush Saved Country From Depression, posted by 3-9 on Fri Mar 23 14:52:06 2012.

They were tough to control. Made me ready for MS Paint and a rodent. :)

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Re: The other shoe: Re: Mitt Romney: George W. Bush Saved Country From Depression

Posted by 3-9 on Fri Mar 23 17:36:49 2012, in response to Re: The other shoe: Re: Mitt Romney: George W. Bush Saved Country From Depression, posted by AlM on Fri Mar 23 13:20:27 2012.

I'm not so sure about that. Some things would have been the same, like extending unemployment benefits, but with the Republicans making sure all its members are in lockstep with their policies, I think even McCain would have to follow.

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Re: Mitt Romney: George W. Bush Saved Country From Depression

Posted by 3-9 on Fri Mar 23 17:37:34 2012, in response to Re: Mitt Romney: George W. Bush Saved Country From Depression, posted by SelkirkTMO on Fri Mar 23 17:28:39 2012.

Now that's tough! :-)

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Re: Mitt Romney: George W. Bush Saved Country From Depression

Posted by SelkirkTMO on Fri Mar 23 18:37:04 2012, in response to Re: Mitt Romney: George W. Bush Saved Country From Depression, posted by 3-9 on Fri Mar 23 17:37:34 2012.

I cheated and got a Wacom tablet. All's well in the world. :)

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Re: Mitt Romney: George W. Bush Saved Country From Depression

Posted by WillD on Fri Mar 23 19:34:12 2012, in response to Re: Mitt Romney: George W. Bush Saved Country From Depression, posted by AlM on Fri Mar 23 08:45:43 2012.

But it's not necessarily right that they did so. If the Bush Administration had not tried to curry political favor with the electorate by sustaining the dot com bubble with the housing bubble then we'd likely have had a natural downturn in the economy back in 2003. Things would have been bad for a few years, but they certainly would not have given the mortgage bundlers five years in which to have their bad decisions fester and become disastrous. More importantly we wouldn't have had six years of stagnant economic growth and the worst job creation numbers of any two term president despite tax cuts that were absolutely ruinous to our deficit.

Recessions are like wild fires. They may be destructive, but they're essential to weed out the weak undergrowth and garbage investments before they can do real damage when they fail. We can delay the onset of a recession, but as the Bush administration showed us, only at extreme cost and only at the risk of increasing downturn when it eventually comes.

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Re: Mitt Romney: George W. Bush Saved Country From Depression

Posted by Edwards! on Sat Mar 24 03:31:25 2012, in response to Mitt Romney: George W. Bush Saved Country From Depression, posted by dand124 on Fri Mar 23 00:49:50 2012.

this man smokes too much weed..

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Re: The other shoe: Re: Mitt Romney: George W. Bush Saved Country From Depression

Posted by Fred G on Sat Mar 24 05:25:50 2012, in response to Re: The other shoe: Re: Mitt Romney: George W. Bush Saved Country From Depression, posted by AlM on Fri Mar 23 13:20:27 2012.

Agreed. Chris forgets that his side blamed it on the homebuyers who defaulted on their loans. Others here realize there's a cast of characters to blame on both sides of the aisle and in private industry as well.

your pal,
Fred

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Re: The other shoe: Re: Mitt Romney: George W. Bush Saved Country From Depression

Posted by SelkirkTMO on Sat Mar 24 05:45:14 2012, in response to Re: The other shoe: Re: Mitt Romney: George W. Bush Saved Country From Depression, posted by Fred G on Sat Mar 24 05:25:50 2012.

Nah ... we all know that the true root of all the problems was Mexicans buying McMansions. :)

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Re: The other shoe: Re: Mitt Romney: George W. Bush Saved Country From Depression

Posted by Fred G on Sat Mar 24 06:18:34 2012, in response to Re: The other shoe: Re: Mitt Romney: George W. Bush Saved Country From Depression, posted by SelkirkTMO on Sat Mar 24 05:45:14 2012.

It's all those non-Christian illegal aliens. Wait...

your pal,
Fred

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Re: Mitt Romney: George W. Bush Saved Country From Depression

Posted by GP38/R42 Chris on Sat Mar 24 07:08:49 2012, in response to Re: Mitt Romney: George W. Bush Saved Country From Depression, posted by AlM on Fri Mar 23 08:45:43 2012.

Another great post.

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Re: The other shoe: Re: Mitt Romney: George W. Bush Saved Country From Depression

Posted by GP38/R42 Chris on Sat Mar 24 07:19:03 2012, in response to Re: The other shoe: Re: Mitt Romney: George W. Bush Saved Country From Depression, posted by Fred G on Sat Mar 24 05:25:50 2012.

I never said that. I said PART (part) of the problem were people getting loans they should never have gotten. That is quite diffrent. I ALWAYS said it was both sides of the aisle. The posts YOU are thinking of are posts I made in response to the leftist types that continually say "it's all bush and the Republicans fault". Both sides caused it. They did different things to cause it, but it's still both sides. I have said that MANY times here.
However, I don't recall you ever responding to people's posts where they said it was "All the Republicans and Bush", the way you are responding to what I have said.

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Re: The other shoe: Re: Mitt Romney: George W. Bush Saved Country From Depression

Posted by GP38/R42 Chris on Sat Mar 24 07:20:33 2012, in response to Re: The other shoe: Re: Mitt Romney: George W. Bush Saved Country From Depression, posted by AlM on Fri Mar 23 13:20:27 2012.

And the difference would have been if McCain did it, all the Leftists would be complaining instead of saying how great the things Obama did were. And you know it's true.

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Re: The other shoe: Re: Mitt Romney: George W. Bush Saved Country From Depression

Posted by Fred G on Sat Mar 24 07:37:47 2012, in response to Re: The other shoe: Re: Mitt Romney: George W. Bush Saved Country From Depression, posted by GP38/R42 Chris on Sat Mar 24 07:19:03 2012.

You say a lot of things.

your pal,
Fred

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Re: The other shoe: Re: Mitt Romney: George W. Bush Saved Country From Depression

Posted by GP38/R42 Chris on Sat Mar 24 07:40:53 2012, in response to Re: The other shoe: Re: Mitt Romney: George W. Bush Saved Country From Depression, posted by Fred G on Sat Mar 24 07:37:47 2012.

So do a lot of people, including you...
And I never said what you claimed by the way.

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Re: The other shoe: Re: Mitt Romney: George W. Bush Saved Country From Depression

Posted by Fred G on Sat Mar 24 07:46:41 2012, in response to Re: The other shoe: Re: Mitt Romney: George W. Bush Saved Country From Depression, posted by GP38/R42 Chris on Sat Mar 24 07:40:53 2012.

Maybe I'm confusing you with Train Dude.

your pal,
Fred

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Re: Mitt Romney: George W. Bush Saved Country From Depression

Posted by orange blossom special on Sat Mar 24 10:03:42 2012, in response to Re: Mitt Romney: George W. Bush Saved Country From Depression, posted by RIPTA42HopeTunnel on Fri Mar 23 11:39:15 2012.

I guess we do gotta "change our history" for you people.

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Re: The other shoe: Re: Mitt Romney: George W. Bush Saved Country From Depression

Posted by LuchAAA on Sat Mar 24 12:44:56 2012, in response to Re: The other shoe: Re: Mitt Romney: George W. Bush Saved Country From Depression, posted by SelkirkTMO on Sat Mar 24 05:45:14 2012.

in many cases, it was minorities getting into subprime deals they could not afford.

this happens when you go from renting an apartment in Jackson Heights to owning a home in Central Islip and suddenly realize just how expensive it is to own a home.

minorities are disproportionately rank high in foreclosures. just look at the areas hit hardest from Ruskin to Brentwood(LI).

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Re: Mitt Romney: George W. Bush Saved Country From Depression

Posted by Olog-hai on Sat Mar 24 13:23:03 2012, in response to Re: The other shoe: Re: Mitt Romney: George W. Bush Saved Country From Depression, posted by GP38/R42 Chris on Sat Mar 24 07:19:03 2012.

It's both parties, not necessarily "sides of the aisle"—the GOP has been shutting out the conservatives and center-rightists for quite a number of years . . .

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Re: The other shoe: Re: Mitt Romney: George W. Bush Saved Country From Depression

Posted by SelkirkTMO on Sat Mar 24 16:45:11 2012, in response to Re: The other shoe: Re: Mitt Romney: George W. Bush Saved Country From Depression, posted by Fred G on Sat Mar 24 06:18:34 2012.

Well ... the good news is that they're finally rounding them up. :)



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Re: The other shoe: Re: Mitt Romney: George W. Bush Saved Country From Depression

Posted by SelkirkTMO on Sat Mar 24 16:50:11 2012, in response to Re: The other shoe: Re: Mitt Romney: George W. Bush Saved Country From Depression, posted by LuchAAA on Sat Mar 24 12:44:56 2012.

Yeah, strangely they're also ranking high in fraudulent mortgages at insane rates given to them by certain banks too. Coincidence?

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Re: The other shoe: Re: Mitt Romney: George W. Bush Saved Country From Depression

Posted by salaamallah@hotmail.com on Sat Mar 24 16:50:32 2012, in response to Re: The other shoe: Re: Mitt Romney: George W. Bush Saved Country From Depression, posted by SelkirkTMO on Sat Mar 24 16:45:11 2012.

lol

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