# Growth down to 1.6%, economy chat ITT.

**URL:** <https://forums.speedlife.net/t/growth-down-to-1-6-economy-chat-itt/254264>\
**Category:** Shift518 Off Topic\
**Created:** [September 1, 2010, 6:43am UTC](https://forums.speedlife.net/t/growth-down-to-1-6-economy-chat-itt/254264 "2010-09-01T06:43:38Z")\
**Posts on this page:** 1\
**Showing post:** 65

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**Author:** ![dkid15](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/dkid15/32/6398_2.png) [@dkid15](https://forums.speedlife.net/u/dkid15)\
**Post date:** [September 4, 2010, 6:25am UTC](https://forums.speedlife.net/t/growth-down-to-1-6-economy-chat-itt/254264/65 "2010-09-04T06:25:43Z")

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> [@e30 help?](https://forums.speedlife.net/t/e30-help/34794/13):
>
> Your thinking is exactly why I can’t stand Dems/Liberal half of the time.
> 
> Clinton is the one to blame for the deficit. Did you ever ask why we had a 127 Billion dollar surplus during his time in office? It was because he basically forced banks to lend money to people who normally wouldn’t have been able to get it. This stimulated the economy greatly in the short term. However, the failure was to see the long term effects. All of those people who took out loans and spent it were no longer paying the loans back. Sending the country sinking quickly into debt.
> 
> You also realize Obama has spent countless more dollars than GWB correct?
> 
> This country needs people who are willing to fight for the working class, and what I mean by that is anyone who is not freeloading, rich or poor.

No. Clinton created a surplus because he did not cut taxes. Bush thought he could cut taxes and still maintain public works and other jobs that require money from the budget. Think about it if less is coming in, and your spending the same, well your going to run out pretty quick then.

Obviously Obama has spent trillions more than bush did. Theres no denying it. However obama was put into office in the middle of a shit storm. Bush was given office when the DOW was still above 13000. Maybe it was because clinton allowed banks to make stupid loans. Its the people who are taking out the loan who are at fault. Trying to afford housing thats 5 times their annual salary and 60% of their net income. Keeping up with the JONES’ i believe thats called.

I agree with your last post. Vote NADAR

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