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3rd Quarter GDP Estimate: Rises To Whopping 4.6%

#21

(08-29-2018, 06:58 AM)mikesez Wrote:
(08-28-2018, 07:25 PM)MalabarJag Wrote:
You are right. Had Obama had his way and congress not acted responsibly the US would have gone the way of Venezuela. Hugo Chavez was a hero to the Leftist 2/3 of the Dems, at least until his policies ran their course.


So yes, there was another way for the US to go. Fortunately, Obama blew all of his political capital on the Affordable Care act and never got the opportunity to complete his Venezuelan-inspired transformation of the US.

That's simply not true.  The only things Obama wanted that he wasn't able to get in his final six years were slightly higher spending, slightly higher taxes, and an immigration amnesty.
I'm not saying any of these things are good, but, none of those things are anything like what Venezuela has.
In Venezuela, the government owns oil companies and food processing, has price controls on food and gas, and doesn't let you import anything without completing a lot of paperwork proving that you tried to have it made in Venezuela. 
Obama came into office with the government owning AIG, GM, and Chrysler.  Hugo Chavez would have called that a good start.  Obama sold these assets back to the private market.  He was not a socialist.

Traditional socialist.  He was more of an economic national socialist (for political expedience not core ideology).  

Also, u left out the carbon tax which would have wrecked the economy, forced transition to green energy that would have wrecked the economy and u and those who carry Obama's economic water leave out the fact that a.) He supported the policies that lead to 08 (and the collapse of all the health care co-ops) b.) Generally, the greater the recession the stronger the recovery.  This whole "well the recession was really deep" is actually a further INDICTMENT on him never reaching 3% gdp in a single year (first president ever).
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RE: 3rd Quarter GDP Estimate: Rises To Whopping 4.6% - by jj82284 - 08-29-2018, 07:59 AM



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