Darth Baraq and the Debt Star

1. 

   Louis

   Mar 17 2009

   Is that the battle station featuring Darth Cheney and Emperor Bush, the ones who expanded big government, big deficit spending, stupid and wasteful war, tax cuts for their rich friends, and catastrophic deregulation? Talk about the dark side of the Force!

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2. 

   danielg

   Mar 17 2009

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3. 

   danielg

   Mar 17 2009

   But I want to add, Obama's 'solution' DWARFS the Bush admin spending, pushing us possibly more than 20X deeper into debt, hoping that killing the economy will save it. It's insanity.

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4. 

   danielg

   Mar 17 2009

   And there may be even stronger evidence that the DE-regulation policies of Clinton are what really caused this. See The bipartisan deregulators:

   The finance industry's goal was to repeal the Glass-Steagall Act, the New Deal-era law that erected barriers between commercial and investment banking, and prohibited banks from hawking investment and insurance products. The Financial Services Modernization Act accomplished this, retroactively legalizing 1990s mergers in financial services that had pushed the envelope of what was legal under Glass-Steagall.
   While the Democrats congratulated themselves for winning provisions protecting consumer privacy and preserving regulations encouraging non-discrimination in bank loans, the banking industry walked away with the big prize.

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5. 

   Louis

   Mar 17 2009

   Oops! I forgot! The last 8 to 12 years didn't happen and everything's Obama's fault.
   Selective amnesia seems to be a requirement to join the Republican party!

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6. 

   danielg

   Mar 17 2009

   I'm sorry, is that an argument with facts? It's not Obama's fault that the economy sucks. That belongs to the many people mentioned above, both gop and dem, but arguably mostly dem. Obama's fault is to think that he can spend his way out of this, spending money that he collects from the very employers he needs to support. And not with givaways of our money. He needs to support the free market.

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7. 

   Cineaste

   Mar 26 2009

   I've been trying to figure out what to say about the House Republicans' new "budget". I think it's pretty neat that they decided to use those cute bubbles instead of numbers. As far as I can tell, this is a very accurate synopsis of what the republican budget proposal.

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8. 

   Cineaste

   Mar 26 2009

   Republican Road to Recovery.

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9. 

   Cineaste

   Mar 26 2009

   Here is Nate Silver's take.

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