President Obama has cut the Bush deficit by 70%,

[Playinghardball]

[lpbk2713]

1. **Something you won't hear on the OXyRush Hatefest Hour.

And if you do go there proceed at your own risk.

[onecent]

51. Sadly, I fear we won't hear it on any other hour on tv or radio either.

[silverweb]

2. Fantastic!

[[font color="blue" font size=5 face="Comic Sans"]GObama! [/font]

[Cha]

3. But but but.. "Tan Suit!!!1111"

[lovemydog]

17. TanSuitGhazi!!

Ha! Have a great weekend Chaghazi!

[Cha]

34. Yeah, "Tanghazigate!!!!11"

Backatcha, lovemydoghazi!

[DetlefK]

54. Tanghazigate? That sounds like Tansania! And that's african!!!

[Cha]

60. Kenya!!111

[rpannier]

18. Yeah that tan suit

I've heard it's an impeachable offense

[mercuryblues]

46. I heard

e was going to wear a white suit on Tuesday. White after Labor Day! His tailor will be brought in to testify before the Senate, hearings will be held. Even the people who made his socks will be hauled in before the special hearings. Then the impeachment hearings will begin. Just wait until the republicans get his exact measurements on the Senate record. Accusations of wearing lifts in his shoes, not wearing a flag pin. Oh, the headlines write themselves.

It Seems the Inseams Don't Measure Up

Obama Spends Bazzilions on custom made Suits

[Major Hogwash]

24. He looked like a GQ model in that suit.

He looked great in it.
President Obama has impeccable taste in clothing.

[Cha]

35. It sounds like that's what got to them.. they just couldn't take

his impeccableness anyMORE! That and Distraction Distraction Distraction ... thy name is M$M.

President Obama Delivers a Statement on the Economy, Iraq, and Ukraine

freshwest http://www.democraticunderground.com/110225275

[sheshe2]

26. ^^^^This^^^^

[lonestarnot]

47. Zipper zipped and all.

[Jamaal510]

4. This shows you

who the true conservatives are in Washington versus the true out-of-control spenders. Funny how that has worked over the last 3 decades.
This is another reason why I very rarely refer to Republicans as conservatives. There's nothing conservative about them anymore; just regressive.

[Iliyah]

5. No tie and vacation as well. All the while GOPers whine

and corporate media continuously suck up the hateful talking points and of course their choice of sound bites people who listen to them will never know the positives.

GO VOTE.

[Mike Nelson]

6. Thank You..

...Mr. President!

[malaise]

7. That this is not huge news speaks volumes about who controls the

narrative.

[lovemydog]

15. Agree, malaise!

It's also why I have my news tuned here to DU. The stuff on corporate tv isn't news, it's corporate propaganda. Yelling & screaming. I read lots of other news too, including some of the corporate sites just to see what they say is 'news'. It's largely baby in the well, man on fire, so and so is dating so and so crapola.

Hope you're enjoying a nice long weekend!

[Fred Sanders]

21. Why more people can not see through the media smokescreen is a testament to its thickness.

[malaise]

23. No nice long weekend in my part of the planet

We celebrate Labour Day in May.

[Cosmocat]

41. Oh, if Mitt Romney or John McCain were POTUS

this WOULD be big news ...

The cover of Time "THE MAN WHO SAVED THE ECONOMY!!!!!!" big news.

[malaise]

45. +1,000

Spot on!

[kairos12]

8. I expect the Sunday Morning Talking One % Zombies to get right on this. No, they are to busy talking

about the President playing golf. Maybe instead of yelling four, the President should yell 3.1%.

[Kablooie]

9. Not so fast ...

Paul Ryan in Time Magazine says:
"We have a small temporary aberration in our deficits only to be seen with much higher deficits in the near future."

So there!
Indisputable proof that Obama is failing direct from the horse's mouth ass.

[Yo_Mama_Been_Loggin]

12. And we all know Ryan is so credible

&feature=player_embedded

[Volaris]

19. lol. By 'temporary' he means "There will be a Republican back in the White House soon enough...

and then record-level deficit amounts will be back to what they are SUPPOSED to be, so don't you supply-siders worry one little bit, all will be well. So says President Ryan."

[Yo_Mama_Been_Loggin]

10. But but he wears a tan suit and mom jeans

Pooty poot has such nice pecs and and BENGHAZI!!!!!!!!!!

[adieu]

11. And the GOP in congress can't say a damn thing

Because they haven't done anything.

[MannyGoldstein]

13. Which is a major reason why the 99% are not recovering

It's called austerity.

For example, Obama effectively just cut pay for government workers and the military after inflation:

http://www.democraticunderground.com/?com=view_post&forum=1014&pid=883818

[KoKo]

14. It may be that we are amongst a contingent of the top 1% here on this site, though.

That would make a difference in perspective

The Republicans are huge Deficit Hawks. This figure should please them...although they won't admit it.

[Volaris]

22. The GOP are Deficit Hawks when there's a DEMOCRAT in the White House.

When it's their pol that wins the whole shebang, however, they could give a fuck about how big the debt is.

[Cosmocat]

42. Winner

Completely obvious and undeniable reality proven out over the last quarter century.

But, somehow, someway, the simple minded masses in this country just reflexively know BIG SPENDING DEMOCRATS and FISCAL CONSERVATIVE REPUBLICANS ...

It truly is hopeless ...

[7962]

59. The debt and deficit are 2 different things; the debt has gone way up since '08;

this OP refers to the budget deficit being reduced. Which COULD eventually have a positve effect on our huge debt.

[XRubicon]

36. lol huge deficit hawks...

Reagan, Bush 1 and W were huge deficit hawks... not.

[nomorenomore08]

20. I don't think the idea is "Yay! Deficit reduction!" so much as "What more do you assholes WANT?"

At this point, it's pretty clear the right wing's hatred of Obama has relatively little to do with policy.

[MannyGoldstein]

28. so why does Obama keep fighting

for more austerity?

[nomorenomore08]

30. Because unfortunately, he has to dance with the ones that brought him.

Otherwise, I don't get it either. Why seek the favor of people who are going to hate him no matter what?

[Curmudgeoness]

29. "What more do you assholes WANT?"

That says it all. There will be no slaps on the back and hand shakes coming to Obama.

[Doctor_J]

40. yeah I don't get all of the celebration over republican policies being enacted

This place should probably be renamed "Reaganomics/tiger beat/conservadem underground". The party has lost its way and so has this site.

[SammyWinstonJack]

50. LOL.

Reaganomics/tiger beat/conservadem underground.

[OilemFirchen]

55. Deficit reduction is not a "republican (sic) policy".

It's sound economic policy. Until the deficit is zeroed-out, debt reduction is severely hampered. And until the debt is brought down to a healthy level, federal spending is inordinately concentrated on servicing said debt. Accordingly, spending on domestic needs (infrastructure, welfare, et al.) is stymied, if not wholly reversed.

Republican policy is to wipe out debt, which is counter-productive. A manageable debt, reasonable interest rates, low inflation and full employment (4-5%) are the hallmarks of a strong economy. And Democratic policy.

Eliminating the deficit is non-partisan. How each party views the rationale, however, is what distinguishes the sides.

[lovemydog]

16. Thank you Playinghardball.

Hope you're enjoying a wonderful labor day weekend!

[Motown_Johnny]

25. That is horribly one sided and completely out of context!

You need to also look at economic growth, comparing what he inherited and what now exists.

The goal (IMO) is to have deficit, as a percentage of GDP, smaller than the growth of GDP and to stabilize the economy so that we stay "right side up".


The other half of this equation is that President Obama inherited an economy that was shrinking at historic rates. It is now growing steadily.

http://www.multpl.com/us-gdp-growth-rate

^snip^

US GDP Growth Rate







Context.


P.S. Projections have the deficit down to around 2% by the time President Obama leaves office.

[GP6971]

27. And just how is this good news? Sarcasm intended

[ybbor]

31. But, but, but...

He's an anti-business, tax-and-spend liberal, commie, pinko, ...

[Historic NY]

32. Still cleaning up the mess....

Obama needs a shovel instead of a broom if he is to finish before the end of his third term.

[spanone]

33. k&r...

[senseandsensibility]

37. No doubt. I'm not surprised in the least. That's why TPTB

allow Dems to win once in a while. Someone needs to clean up the mess. But it's only to set the stage for the next heist.

[Sunlei]

38. very good news! Thanks President Obama!

[spanone]

39. shhhhhh...we wouldn't want the media to hear about this...it would destroy their narrative.

[MarianJack]

43. Well yeah, but...

...he wore a TAN suit!

PEACE!

[Quantess]

44. K

[valerief]

48. Tanghazi! Tanghazi! Tanghazi! And he won't bomb. And he bombs.

Whatever. Tanghazi!

[Laelth]

49. k&r for the truth. n/t

-Laelth

[tavernier]

52. But we can fix this by going to war immediately.

[Pisces]

53. Funny how Repukes have stopped talking about the deficit and rarely comment on Obamacare!!

[h2ebits]

58. Here in Colorado

we are being pummeled with ads against Senator Mark Udall to "Repeal Obamacare." The ads are carefully crafted by Karl Rove's Americans for Prosperity group using information that has absolutely nothing at all to do with Obamacare from a study that was done prior to the ACA, to boot.

[Octafish]

56. That's what raising taxes and cracking down on tax evaders will do!

Oh. Wait a second.

[whereisjustice]

57. Wasn't this supposed to create millions of new jobs and increase non-CEO wages?

Any day now... right?