Speaker wants to rip PPACA out by the roots

[beej]

"Let me state a fact: The first $13 billion that was put in the company, George Bush, a Republican, put it in. The second [payment] came in with President Obama. So we had two administrations, two presidents of reasonably disparate points of view politically, economically, philosophically, decide that this is in the best interest of the American economy and American jobs." General Motors Chairman Daniel Akerson

http://www.newsmax.com/Newsfront/ake...5/01/id/437704

It appears that both Bush and Obama get credit for the GM bailout.

I'd be surprised if anyone could produce a great deal of empirical evidence one way or the other on the stimulus that couldn't be refuted in some way by someone philosophically in opposition to the supported position. I've heard reasonably credible arguments from economists on both sides of the issue.

My own opinion is that it's very difficult to summarily dismiss as a failure the three rounds of stimulus action by the feds (first round under Bush). This NY Times piece is a pretty fair discussion of it.

http://topics.nytimes.com/top/refere...lus/index.html

[beej]

Oh an I see I'm no longer 'junior'.

[bobabode]

Originally Posted by beej

Oh an I see I'm no longer 'junior'.

Senior member comes at 100 posts.

[piece-itpete]

Obama had control over the bailouts once he took office. They were passed and signed for under Bush.

Yet more of Obama continuing Bush's failed policies

Pete

[Boreas]

Originally Posted by bobabode

Senior member comes at 100 posts.

Tiresome old nag comes at 1,000.

John

[beej]

Originally Posted by piece-itpete

Obama had control over the bailouts once he took office. They were passed and signed for under Bush.

Yet more of Obama continuing Bush's failed policies

Pete

So Romney is actually being critical of Bush??!!?? Oh my.

[bobabode]

I'm amazed at how some call it failed in three years.(four actually but Whell can't have any stink attached to Bush) As if the President has a magic wand to wave over this mess and have the Dow just keep on showing phantasmagorical gains.

[piece-itpete]

John, LOL!

Bob, wasn't that his whole campaign? "Let's just get everybody together, let's get unified, the sky will open, the light will come down, celestial choirs will be singing, and everyone will know we should do the right thing and the world will be perfect."



Pete

[d-ray657]

Originally Posted by piece-itpete

Obama had control over the bailouts once he took office. They were passed and signed for under Bush.

Yet more of Obama continuing Bush's failed policies

Pete

Sort of like a deathbed conversion. At the end of his term, Bush saw the light.

Regards,

D-Ray

[Boreas]

Originally Posted by d-ray657

Sort of like a deathbed conversion. At the end of his term, Bush saw the light.

Regards,

D-Ray

I think it was more like stark terror at the prospect of leaving office with the economy in free-fall. Bad for his legacy.

John