Tea Party kicks Boehner in the teeth - again

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Originally Posted by Riot

Why do you think there was not massive economic growth over the Bush administration? Let's just look at the first six years or so.

There were massive tax cuts, massive business incentives, wars (face it, wars provide economic incentives). There is no denying that the government was extremely "business friendly".

What was keeping business contracting and losing hundreds of thousands of jobs in that environment?

Our income, before the Presidential election of 2008 even happened, dropped to only 15% or so of our GDP, when it always had been 18-20%.

In the late 1950's, government-sponsored education and the concept of the mortgage allowed thousands of former GI's to get education and buy a first house in the suburbs. In the late 1960's, in order to keep up, they sent the wife to work and get a second income. In the 1990's, they second-mortgaged and took money out of the house for disposable goods. You are right, a lot of the slow recession is because the middle class and lower classes are plumb out of cash to spend at this point in time. And there's hardly a middle class left. But that didn't cause our recession, although it's contributing to the slow recovery. The middle and lower class are not currently sitting on millions in savings, preventing recovery.

The housing bubble bursting played a big part in causing the recession. People borrowing $$ that they couldn't afford to pay back, and banks loaning $$ without checking credit history (or ignoring it). Now our benevolent Govt. who says it can't pay it's bills, wants to borrow more $$ to pay it's bills. Social Security was supposed to be solvent for years to come according to the Dems. Obama says he can't guarantee SS checks will be mailed out first week in Aug unless he's given the authority to borrow more $$. Somebody is lying. Obama is acting like a child in a toy store who is being told to put a toy back . News Flash .. our credit rating is going to be degraded even with a raise in the debt ceiling. We have to get spending under control. Would you loan $$ to someone who can't pay their bills?