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Obama vs Romney 2012 - CDC Election


Columbo

Obama vs Romney  

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Surprised this thread isn't dead yet, but I guess you can't account for the butthurtery of the right. Most of the policies in which Obama wants to put through get blocked by a republican house, you can thank the devaluation of August 2011 on the Tea Baggers who neglected to raise the debt ceiling. Obama isn't the problem, the right is.

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Surprised this thread isn't dead yet, but I guess you can't account for the butthurtery of the right. Most of the policies in which Obama wants to put through get blocked by a republican house, you can thank the devaluation of August 2011 on the Tea Baggers who neglected to raise the debt ceiling. Obama isn't the problem, the right is.

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Ossi's right. There's no good reason to default on a loan when you don't have to. It's just a case of teabaggers whining about whatever the administration does, whether it's good for the country or not.

FTR: Obama did a lot of spending in his first term because he had to. Stimulus packages and bailouts were necessary evils to keep the country out of a deep recession, which it was facing thanks to two ridiculously expensive wars that Dubya had gotten them into.

The unfortunate thing is, the GOP still controls the House, which means it will once again be difficult for Obama to do the things that really need to be done (like reducing Defense spending and true Universal Healthcare) despite Romney's call for "co-operation" in his concession speech.

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Why default when you could easily ask for the ceiling to be raised?

Yes, no one wants more spending or a greater deficit, but when you've taken out a significant loan and you have the option to extend the loan or raise the borrowing amount, you do so. No sense in defaulting because some uninformed tea baggers want to shout 'no more spending', and be as unqualified to make that decision as Joe the plumber. The bottom line is the ceiling could have been raised without any backlash or devaluation. But hey, why am I complaining, the Canadian dollar is great compared to the American $ right now.

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