The Presidential Debate

pennview · Post by **pennview** » Tue Oct 30, 2012 3:09 pm

Yep, Bush left a national debt of $10.6 trillion when he left office (specifically, it was $10,626,877,048,913.08) when Obama was inaugurated. Under Obama since January 2009, the debt has grown to $16.2 trillion (specifically, it was $16,218,419,690,000.00 just a few moments ago). And, I'm sure that according to Obama that $5 plus trillion he added to the debt in less than 4 years is Bush's fault too.

We need adult leadership in this country again and I think Romney is the guy to supply it. We need a guy to take charge and be responsible, not an excuse maker.

JPG · Post by **JPG** » Tue Oct 30, 2012 3:23 pm

Add pre-election opinion polls to the no-no list.

heathicus · Post by **heathicus** » Tue Oct 30, 2012 3:30 pm

beeg wrote:I haven't seen that figure of it being quadrupled.

Yeah, my memory was mistaken. He hasn't quadrupled, but it's getting close. I was envisioning a chart I had seen where 4 years of Bush deficits totaled were less than 1 year of Obama deficits. That "4" is where "quadrupled" entered my mind. But checking back on it, it doesn't quite equal a quadrupling. But a LONG way off from "cutting the deficit in half" like he pledged.

beeg wrote:But I have seen the MESS bush left him.

Two things to remember. 1) Obama was a member of the Congress responsible for creating the Bush mess, voting for the spending increases and calling for more. 2) Carter left Reagan an even worse mess. Obama did the opposite of everything Reagan did. And I think the results speak for themselves.

fredsheldon · Post by **fredsheldon** » Tue Oct 30, 2012 4:05 pm

Stock market when Bush left office = 6,000 and dropping, stock market today = 13,500 and rising. Need I say more. 180 million investors can't all be wrong. Business's are doing well and making money and the investors are cashing in.

heathicus · Post by **heathicus** » Tue Oct 30, 2012 4:16 pm

fredsheldon wrote:Stock market when Bush left office = 6,000 and dropping, stock market today = 13,500 and rising. Need I say more. 180 million investors can't all be wrong. Business's are doing well and making money and the investors are cashing in.

Wall Street always finds a way to win. Profits down? Make massive layoffs, shut down factories, and ship those jobs overseas and use cheaper labor. Watch the stock price soar as a result. Unemployment is higher, but Wall Street is doing good.

fredsheldon · Post by **fredsheldon** » Tue Oct 30, 2012 4:38 pm

heathicus wrote:Wall Street always finds a way to win. Profits down? Make massive layoffs, shut down factories, and ship those jobs overseas and use cheaper labor. Watch the stock price soar as a result. Unemployment is higher, but Wall Street is doing good.

Yes, you just made my point. Mitt has used all of those tactics to make his millions.

pennview · Post by **pennview** » Tue Oct 30, 2012 4:49 pm

Just so we get the numbers right, the Dow opened at 8279.63 on January 20th, 2009, the day Bush left office.

dusty · Post by **dusty** » Tue Oct 30, 2012 4:53 pm

fredsheldon wrote:Yes, you just made my point. Mitt has used all of those tactics to make his millions.

Sorry, Fred

My comments were inappropriate and should never have been stated here.

dusty · Post by **dusty** » Tue Oct 30, 2012 4:55 pm

pennview wrote:Just so we get the numbers right, the Dow opened at 8279.63 on January 20th, 2009, the day Bush left office.

Yup. It is a little bit different today. Those nasty people on Wall Street are doing it again. Making money like crazy.

fredsheldon · Post by **fredsheldon** » Tue Oct 30, 2012 4:57 pm

I stand corrected:

Date Nasdaq % Chng.§ S&P 500 % Chng.§ Dow Jones % Chng.§ Notes
Inauguration of Barack Obama

March 9, 2009 1268.64 -11.95% 676.53 -15.90% 6507.04 -18.14%

It bottomed out 3 months after the inauguration. It was like a speeding train, it took a bit to bring it to a halt and turn it around.