So it wasn't just the tax cuts, but the entirety of Bush's economic policies that caused the Crash of 08.

Policies which Romney has decided to continue with, and in many cases, go even farther right on.

Shostie: Aarontology: So it wasn't just the tax cuts, but the entirety of Bush's economic policies that caused the Crash of 08.

Hrm... It actually goes back a lot farther than Bush.

I'm not saying that he didn't help. But the reasons for our economic woes run far deeper than tax policy.

That's true. A lot of it started under Clinton when they deregulated some important parts of the financial world.

vpb: The claim about tax cuts being responsible wasn't really true, but deregulation was. And the fact that Clinton planted the seed doesn't excuse Dubya from doing nothing while the crisis grew and grew and grew. If someone had stepped in in 2003 the crisis would have been much smaller.

There was plenty of time to decide that things weren't working out so well and reverse course before things got to the point of kneecapping the entire world's economy.

It doesn't excuse him, but if we're to prevent something like the Crash from happening again, we have to realize the full extent of the problem and where and when it all started.

Both President Obama and former president Bill Clinton assert that Mitt Romney wants to cut taxes for the wealthy and cut financial regulations - which they suggest is a recipe for another economic crisis.

The name "George W. Bush" is never mentioned but is certainly implied. This leads to the question: Did the Bush tax cuts cause the economic crisis?

No, it leads to the question: Did the Bush tax cuts and cuts to financial regulations cause the economic crisis?

Farkwits.

Diogenes: I wonder how Romney proposes to finance the war with Iran?

His campaign has already laid all that out in detail. I'd summarize it for you here but I don't have the time right now.

/we call it "puttin on the Ryan"

Wow. You garble-snatching, busk-gaffing, trumpet-crumpeting vacuumnozzles got some farking huevos, don't you?

Shostie: Aarontology: So it wasn't just the tax cuts, but the entirety of Bush's economic policies that caused the Crash of 08.

Hrm... It actually goes back a lot farther than Bush.

I'm not saying that he didn't help. But the reasons for our economic woes run far deeper than tax policy.

The current budget crunch, which restricts our options to respond to economic downturns, doesn't run much deeper than tax policy.

Yes, they helped so much. I remember all the great jobs they created.

Mentat: Except it wasn't really a "Clinton Policy". Repeal of Glass-Steagal was a Republican cause for decades and under the Reagan Administration, GS was essentially neutered to the point of irrelevance long before Phil Graham officially put the bullet in its head. All Clinton did was sign the bill. Well, that and letting that hack Larry Summers serve as Treasury Secretary.

Thisity this.

justtray: The tax cuts never caused the economic collapse, duh, that's stupid. They just prevented us from having hundreds of billions of dollars of revenue that we would have otherwise had to help fix the economic collapse. The collapse itself came from financial center deregulation and reduced oversight, which allows bankers to take incredibly risky positions, and lose.

aaaaaaaaaaaaaand this

unregulated financial practices that made greedy people extremely rich caused the crash. And we got the bill.

/give a man a bank and he will rob the world

We should stipulate at the outset that Romney adamantly rejects the idea that he has proposed more tax cuts for the wealthy

If you took away all deductions from the top earners and lowered their rates at what Romney proposes.....they would get more money. To make it revenue neutral this means that the middle and lower incomes will pay more to cover it.

Fark you GOP, the middle class has had enough.

Why is it that every time someone fact checks the president to be "fair" they are fact checking something that the president never actually said?

I hate to even post in a politics thread but honestly I can't resist. The economic crisis was a direct result of the housing bubble bursting and more specifically the irresponsible lending practices that let to it in the first place...

CPennypacker: Why is it that every time someone fact checks the president to be "fair" they are fact checking something that the president never actually said?

MOOchele Obama has said that a school lunch of Sunny D and a pound of chili cheese fries is not healthy. Well, we looked at the vitamin content of Sunny D and found it is a capable source of several vitamins. We give her statement seven pinocchios.

The report, endorsed by every Democrat on the panel, does cite deregulation, but 30 years of deregulation across multiple administrations - not just deregulation in the Bush years.

In other words 22 years of deregulation under Republicans and 8 years under a Democrat.

"The Republican plan is to cut more taxes on upper income people and go back to deregulation. That is what got us into trouble in the first place." ~Barack Obama

"OMG, Obama's making the specific claim that the Bush tax cuts are solely responsible for the economic crash!" ~WaPo

Thanks, WaPo, I needed a good laugh with my morning sample-bake.

Citrate1007: We should stipulate at the outset that Romney adamantly rejects the idea that he has proposed more tax cuts for the wealthy

If you took away all deductions from the top earners and lowered their rates at what Romney proposes.....they would get more money. To make it revenue neutral this means that the middle and lower incomes will pay more to cover it.

Fark you GOP, the middle class has had enough.

I love the obvious double-standard. "We take Romney at his word, but let's nitpick this statement by Obama."

You know what? As Democrats have finally learned after many years of Lucy snatching the farking football, arguments that resonate are what farking count. Fact checkers, Republicans, and anybody else can say whatever they farking like about them after the fact, but once it's embedded in the public consciousness, you can't put the farking genie back in the bottle. So fark you, Glen Kessler et al, enjoy your finger wagging to farking no one. We done learned how this game is played, and listening to folks biatch about the Democrats taking advantage of the rules is sweet, sweet music to my ears..