obama tsunami

[clarence swinney]

Reagan + Bush left America a Tornado and Bush left Obama a Tsunami

OBAMA TSUNAMI
I ACCEPT PRAISETIQUES NOT CRITIQUES
ANY RESPONSE IS APPRECIATED IF ONE USES FACTS-NUMBERS.
BLARNEY BLABBER GENERALIZATIONS NOT READ.
“CONSERVATIVE” IDEOLOGY GAVE US THE CURRENT “GREAT” RECESSION SAME AS IT DID IN “GREAT” DEPRESSION
LET WALL STREET GAMBLERS PLAY WITH LOADED DICE AND MARKED CARDS
FREE THE FREAK MARKET
LET RICH GET ULTRA RICH IT WILL TRICKLE DOWN TO MIDDLE CLASS
FROM 1946 TO REAGAN WAS --–THE GREAT MIDDLE CLASS YEARS---
EACH PERCENTILE INCREASED, ALMOST EVENLY, IN WEALTH AND INCOME.
ECONOMISTS CALLED IT A PICKET FENCE DISTRIBUTION.
REAGAN POLICIES BEGAN UPWARD SHIFT (ONLY DIFFERENCE BETWEEN SHIFT AN SH-T IS ONE LETTER)
IT BECAME A STEP LADDER DISTRIBUTION. EACH STEP GAINED A LITTLE AND TOP STEP(10%) WENT INTO OUTER SPACE.
HIS HUGE TAX “CUTS” FOR WEALTHY (60% CUT).
HIS HUGE TAX “INCREASES” ON THE MIDDLE CLASS (PAYROLL TAX INCREASE WAS LARGEST IN HISTORY –TAX ON 50% OF SOCIAL SECURITY INCOME--5 CENTS ON GAS)
HIS ENORMOUS INCREASE IN MILITARY SPENDING ENRICHED THE RICH STOCKHOLDERS OF DEFENSE BUSINESSES.
REAGAN INCREASED SPENDING BY 80% AND DEBT BY 170%.
Do not try usual conservative spin—“it was congress”.
Reagan 8 budgets spent more than prior 50 years.
He submitted 8 for over 7000b. 1930-1980 spent 6066b—congress returned 8 budgets to Reagan with fewer dollars in total than he had submitted to it.
Go ahead try usual conservative spin—“real” inflation adjusted dollars—no work senor—
From 1948 to 1989 Reagan spent 2.7 dollars in 8 for each “real” dollar spent in other 32 years. Comprehendez amigo? Factoids hurt? Si!
Try usual Heritage spin—Reagan tax cuts paid their way—huh! From 1983 to 1989 federal revenues increased from 599b to 990b. 391b increase. Correct. But-Reagan tax cuts were income tax cuts therefore it seems logical you measure income tax revenue increase.
319b increase. 201b was increase in payroll tax revenue from Reagan huge increase in it.
50b in excise tax increase partial from gas tax. 251b of 391b. Durn! That leaves 140b increase in income tax revenues. My math professor Dr. Hook taught me 140 in is smaller than 750 out. Factoids are miserable things.
In 1980--86% of employees had Health Insurance-In 2008---31%.
GEORGE W. BUSH DID MORE DAMAGE THAN REAGAN.
INCREASED FEDERAL SPENDING BY 118%--DEBT BY 100%
CUT TAXES FOR TOP 2.7% OR 4 TIMES AS MUCH AS BOTTOM 80%
HIS 1700 BILLION IN TAX CUTS WERE IN THE 5000B HE BORROWED.
BUSH LED US INTO TWO AWFUL SLAUGHTERAMAS. HUNDREDS OF THOUSANDS OF INNOCENT PEOPLE WERE KILLED. TENS OF THOUSANDS OF LITTLE KIDS WILL BE MAIMED FOR THE REMAINDER OF THEIR LIVES. TENS OF THOUSANDS OF WIDOWS HAVE NO WORKER TO SUPPORT THEM.

EVER KNOW AN AMERICAN SO-CALLED CHRISTIAN TO WEEP OVER THOSE HORRORS?
MILLIONS OF TEARS SHED OVER HOLOCAUST. NOT THIS ONE. I WEEP.
HE CREATED NET NEW JOBS AT 3000 PER MONTH. HORRIBLE COMPARED TO 218,000 AND 237,000 THE CARTER-CLINTON RECORDS.
THE WORLD WARNED NOT TO INVADE IRAQ.
BUSH FATHER SAID DO NOT DO IT
LEADERSHIP OF EACH MAJOR RELIGION (EXCEPT SOUTHERN BAPTIST) IN AMERICA SAID DO NOT DO IT.
POLLS IN MAJOR NATIONS SAID DO NOT DO IT.
EXCEPTIONS WERE THREE--ISRAEL AS EXPECTED-POLAND-AUSTRALIA
CHENEY TOLD RUMSFELD THE DAY AFTER 2001 INAUGURATION “PREPARE TO INVADE IRAQ”. EQUIPMENT WAS MOVED INTO KUWAIT FAR BEFORE BUSH “CHEERFUL” ANNOUNCEMENT WE WERE INVADING IRAQ TO FULFILL HIS STATEMENT TO HIS BIOGRAPHER-- “I WILL NEED A WAR TO BE A SUCCESSFUL PRESIDENT”.
WALL STREET WAS ALLOWED UNRESTRICTED WIDE-OPEN GAMBLING. IT WAS UNPRODUCTIVE. NO JOBS WERE CREATED. IT WAS SIMPLY THE RICH GAMBLING TO GET RICHER. BETTING MONEY AGAINST MONEY. ROULETTE WHEEL TYPE GAMBLING.
I BET ON RED YOU BET ON BLACK.
THE HOUSING INDUSTRY SUSTAINED GDP GROWTH BUT WASTED CAPITAL-LABOR-MATERIALS TO CONSTRUCT HOMES TOO LARGE-TOO EXPENSIVE FOR THE MIDDLE CLASS INCOME. FEDERAL RESERVE (GREENSPAN) INCREASED THE TOTAL MONEY SUPPLY IN 5 YEARS BY TWICE AS MUCH AS INCREASE OVER PRIOR TEN YEARS.
GREENSPAN GAVE CLINTON A 6.5% INTEREST RATE AND BUSH A 1%.
THIS ENCOURAGED BANKS TO BORROW MAX FROM FEDERAL RESERVE.
PLENTY MONEY PLUS LOW INTEREST=DISASTER
LOCAL BANKS WERE ALLOWED TO TRADE AND INVEST IN WALL STREET.
COURTESY OF PHIL GRAMN, REPUBLICANS IN CONGRESS, PLUS PRESIDENT CLINTON WHO APPROVED ELIMINATION OF GLASS-STEAGALL RESTRICTIONS ON LOCAL BANKS.
IT KEPT BANKS FROM GAMBLERS ON WALL STREET AS IN 1920S.
WE DID NOT LEARN FROM CHANGING SAVINGS AND LOANS FROM LOCAL OWNERSHIP TO WALL STREET GAMBLERS OWNERSHIP AND MICHAEL MILKEN LED RAIDS ON CORPORATIONS.
A FEEDING FRENZY TOOK PLACE ON HOME MORTGAGES, WHICH WERE SOLD VIA SECURITIES AS HIGH GRADE INVESTMENTS TO UNSUSPECTING BUYERS LIKE FOREIGN NATIONS, STATES, CITIES AND INDIVIDUALS. HOME OWNERS WERE ENCOURAGED TO REFINANCE AND TAKE CASH TO BUILD SWIMMING POOLS, VACATIONS ETC. PRIME EXAMPLE IS WHERE $500,000 MORTGAGE WAS REFINANCED AT $700,000. MORTGAGE FIRM TOOK BIG CHUNK OF THE $200,000.
CRAAAASH. HOME OWNER NOW HAS $700,00 MORTGAGE ON $400,000 VALUE HOME.
FORECLOSURE HERE I COME. SPECULATORS GOT INTO THE FRENZY. BOUGHT HOMES FOR NO DOWN PAYMENT AND SMALL MONTHLY PAYMENTS BASED ON SELLING IN TWO YEARS AT HUGE PROFIT. ZAP. FORECLOSURE. IN JANUARY 2008 THE TOTAL FORECLOSURES TO DATE WERE 23% ON SPECULATION PURCHASED HOMES.
LARGE DEVELOPMENT FIRMS GOT LOW LOW INTEREST MONEY TO BUILD MANSIONS NOT AFFORDABLE HOMES FOR THE MIDDLE CLASS. THEY GOT RICH. IN CALIFORNIA A DEVELOPER BUILT A DEVELOPMENT OF $700,00 HOMES AND IN ANOTHER AREA BUILT EXACT SAME BLUEPRINT FOR $500,000. IF HE MADE $100,00 ON A $400,000 HOME HOW MUCH ON A $700,00 HOME. HE IS BEING SUED BY BUYERS OF $700,000 HOMES.
THE HOUSING FRENZY WAS BASED ON ONE ASSUMPTION. A LOGICAL ONE BASED ON HISTORY. HOUSING HAS ALWAYS APPRECIATED IN VALUE. ALWAYS IN HISTORY.
HISTORY IS FALLIBLE.
ONE HEDGE FUND (GAMBLING) MANAGER MADE 2000 MILLION IN ONE YEAR.
TWO MADE 1000 MILLION IN ONE YEAR.
TAXED AT 15% RATE.
THIS GAMBLING GREED FRENZY COST THE MIDDLE CLASS IN THE REDUCED VALUE OF THEIR HOME AFTER THE BIG CRASH. THE VALUE DECLINE OF MY HOME WAS 15%.
FROM 1981 TO 2008 IT WAS A DISASTER FOR WORKING PEOPLE AND BONANZA FOR GAMBLING PEOPLE.
WHY DID NOT CEO’S INCREASE INCOME OF THEIR WORKERS?
IN ONE YEAR THE CEO’S MADE 550 TIMES THE PAY OF THE AVERAGE WAGE IN THEIR BUSINESSES. REMEMBER THE GOOD OLD MIDDLE CLASS DAYS WHEN IT WAS 40 TIMES.
IT IS NON—DEBATABLE. 1981 TO 2008 WAS ENRICH RICH DITCH THE REST.
SINCE 1980 HERE IS A BRIEF
20 YEARS=3 SO CALLED CONSERVATIVE PRESIDENTS
18 YEARS=SO CALLED CONSERVATIVE SENATE
12 YEARS=SO CALLED HOUSE
6 YEARS=TOTAL GOVERNMENT CONTROL BY SO CALLED CONSERVATIVES
2 TERRIBLE ILLEGAL WARS
TRANSFER OF JOBS TO CHINA AS WE COVERED OUR OVER-SPENDING BY THEIR LOANS
LOSS OF OUR JOB PRODUCING MANUFACTURING BASE--
HERE ARE THE RESULTS
600B SPENDING TO 4000B
1000B OF DEBT TO 11,000 +
23M NET NEW JOBS
12 YEARS OF CARTER + CLINTON GOT 33M
8 YEARS OF THE MOST SCURRILOUS ADMINISTRATION IN HISTORY PER HAYNES JOHNSON IN --PRESIDENT REAGAN=SLEEPWALKING THROUGH HISTORY
138 CHARGED WITH CRIMES WAS MORE THAN GRAND TOTAL SINCE 1900
MOST OF THEM WERE CHARGED IN CRIMES INVOLVING MONEY.
THE NUMBERS ARE AVAILABLE. THE HISTORY IS VERY CLEAR.
THE GREAT MIDDLE CLASS GOT THE GREAT BIG SHAFTING.
THE STRUGGLING RICH BECAME THE ULTRA-RICH
SMASHED WALL STREET
SMASHED ECONOMY
SMASHED HOUSING
SMASHED CHILDRENS FUTURE WITH DEBT
SMASHED WORKERS INCOME
SMASHED AMERICAS REPUTATION WORLDWIDE
STARTED THE DECLINE OF THE AMERICAN EMPIRE LIKE ROME-SPAIN-HOLLAND-BRITAIN
DEMOCRATS HISTORY OF BUILDING GOOD THINGS FOR ALL AMERICANS
CONSERVATIVE HISTORY OF FIGHTING THOSE GOOD THINGS
WHY DO YOU SEND CONSERVATIVES BACK TO WASHINGTON?
I AM OLD AND UGLY AND I APPROVED THIS MESSAGE OF DELIVERANCE
FROM CONSERVATIVE FALSEHOODS
I ASK ONLY IF I AM WRONG GIVE ME FACTS AND I WILL CORRECT.
I ERR BUT I DO NOT WRITE WITH INTENT TO DECEIVE
8-26-09 USA TODAY—CBO AND CEA PROJECT DEFICITS OF 9 TRILLION OVER NEXT TEN YEARS. REPUBLICANS, PER USUAL, JUMP ON OBAMA CASE.
REP. BOEHNER “TODAY’S REPORTS CONFIRM WHAT THE WHITE HOUSE HAS BEEN TRYING TO HIDE.
THE DEMOCRATS OUT-OF–CONTROL SPENDING BINGE IS BURYING OUR CHILDREN AND GRANDCHILDREN UNDER A MOUNTAIN OF UNSUSTAINABLE DEBT”.
This is so stupid it is a good laugh. He took us on a Spend-Borrow binge from 1000B of debt to 11,000B. He took us on a spend binge from 600B to 4000B.
These guys have one simple trait—deceive—distract from truth—attack attack
Yes! No question. It is going to take much Spend-Tax-Borrow for years to correct the mess created in prior twenty years of conservative control.
How easy the people forget the Balanced Budgets=Surpluses under Clinton and 8 good years.
WOW—8 YEARS=5000B + INCREASE IN DEBT UNDER BOEHNER-BUSH
1830B IN CLINTON LAST YEAR OF SPENDING TO 4000B UNDER BUSH LAST YEAR OF SPENDING
SPENDERS + DEBTORS + LIARS = CONSERVATIVES
ONE MAJOR TRUTH—IF A CONSERVATIVE LEADER SAYS IT --IT IS PART TRUE.
NEVER TRUST A CONSERVATIVE IN WASHINGTON. NEVER. NEVER. NEVER.
If I err give me facts I will correct. [e-mail]
Political historian since 1991 on Reagan-Clinton-Bush II
Author=-Lifeaholic-Workaholic to Lifeaholic Success
Author-unpublished
ALL AMERICAN PARTY-How Democrats created a Great Middle Class and Conservatives are determined to destroy it

[stopbush]

1. Do you really expect anyone to bother reading an all-caps screed?

[Ruby the Liberal]

2. Yikes!

Paragraph breaks and capslock please!

[appamado amata padam]

3. This reminds me of

Dr. Bronner's Soap labels. :-)