GOP destroyed our nation

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If only John McCain and Sarah Palin had won the last presidential election instead of Barack Obama and Joe Biden, today the economy would be humming; unemployment would be down with a balanced budget; and we would be singing Happy Days are Here Again. That didn’t happen.

With all the king’s horses and all the king’s men, President Obama has not been able to put it back together again. With the stimulus money and all the tools in his reach, the country is mired in a huge debt, a high unemployment rate and an economy on the brink of a depression, seemingly without an end in sight. He even doesn’t have help from Congress after the super committee threw in the towel.

When a youngster does something wrong, we of later years understand because we might have made the mistake ourselves. The young person usually gets straightened out and becomes a productive citizen. But I’m not speaking about a mistake; I’m talking about self-destruction. Big difference.

From 2001 to 2008, the Republican Party – under the leadership of George W. Bush and Dick Cheney – destroyed the country.

Starting a war in a sovereign nation on borrowed money and cleaning out the Treasury just about did us in, while leaving a budget for the incoming president with a trillion-dollar deficit – not to mention all the deaths and injuries of our men and women in uniform and the Iraqi civilians who had nothing to do with Saddam Hussein. Couldn’t get much worse.

Someday when historians look back and try to determine when America started down the road to become a Third World country, they will certainly look long and hard at those years. Hopefully I’m wrong as I have been wrong before.

Jim McGaughy

Aiken, S.C.

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shrimp for breakfast
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shrimp for breakfast 12/20/11 - 12:18 am
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The same thing was said when

The same thing was said when John Quincy Adams (Who I believe goes down as the worst president this countru ever produced) left office. We have to remember that even though Bush was Pres the congress was controlled by the Dems. Now I don't think the politicians were as much to blame as the Bankers who lied and tried to get ultra rich with their little bubble, house of cars lending scheme that came around and bit every american in the rear. Americans who own companies are getting China to make the goods cheap which not only takes away from american jobs but floods the market with worthless garbage. You cannot get a company to hire employee's if you tax them to death at the same time.
What we need are some politicians who understand this and know they must tell the american people it's not going to turn around over night. The american people need to suck it up as much as we can with out going under but this goes for all the wealthy business owners too. We cannot make it unless taxes are raised period. If we want to cut the debt and balance the budget first we must realize we need more revenue ,less spending and a host of other unpleasant things in order to turn this thing around.
Anyone got any better ideas?

Chillen
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Chillen 12/20/11 - 12:26 am
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Uh Oh. Someone forgot that

Uh Oh.

Someone forgot that Democrats were in charge of the House & the Senate for a large portion of that time. Last time I checked, they were in charge of the budget.

Also forgotten was the fact that most Democrats voted in favor of the wars (as opposed to obama's "kinetic military action" which got zero favorable votes because he didn't even bother to ask for approval).

Someone also forgot that obama has amassed more debt than all U.S. Presidents combined - from George Washington all the way up to George W. Bush. He had the power to get it under control but chose not to.

Lastly, someone forgot that the wonderful surplus Clinton left Bush was compliments of the Republican Congress and the temporary .com boom.

Now, Bush is certainly not blameless, but the GOP is certainly not the group who "destroyed the nation". I submit that it was a combination effort. 65% dems/socialists and 35% GOP. And 100% of the blame goes to all of us who voted the clowns into office in the first place.

But don't worry Mr. McGaughy, King obama is taking care of everything for us. He'll work on it while on vacation in Hawaii, spending another $5-$7 million of our hard earned tax money. And don't worry about his Queen, she is already there - too impatient to wait & fly there with him to save our nation money.

Who does that when our nation is on the brink of financial collapse?!

Insider Information
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Insider Information 12/20/11 - 12:29 am
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Can anyone name a single

Can anyone name a single economist who cites the Iraq War as the cause of the recession?

The recession was caused by Congress requiring banks to lend money to those who can't afford a house, a president (Clinton) signing it into law, real estate agents duping people into buying houses they can't afford and people not using common sense when buying houses that, once again, they couldn't afford.

There is plenty of blame to go around, but if you're going to point fingers (I hope you're a mutant and have lots of 'em) point them at everyone.

Chillen
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Chillen 12/20/11 - 12:32 am
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shrimp for breakfast. I

shrimp for breakfast. I personally don't think American citizens should have to pay one more cent in taxes until the govt has demonstrated that they are serious about cutting expenses through their actions.

And I don't mean passing a budget "saying" they will do it. I mean doing it and living it for a couple of years. Then if it still doesn't work, come to the citizens for taxes - and not just select income groups - all income groups - after all, we all share in the spoils of the govt (some groups WAY more than others and they of all people should have some skin in the game).

Little Lamb
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Little Lamb 12/20/11 - 12:36 am
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Shrimps posted: The same

Shrimps posted:

The same thing was said when John Quincy Adams (Who I believe goes down as the worst president this country ever produced) left office.

Well, John Quincy Adams might have been the worst president this country produced in the 18th century, and Ulysses S. Grant will be remembered as the worst president this country produced in the 19th century, and Jimmy Carter will be remembered as the worst president this country produced in the 20th century, surely Barak Hussein Obama will be remembered as the worst president this country produced in the 21st century!

Little Lamb
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Little Lamb 12/20/11 - 12:53 am
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Thank you, Insider, for your

Thank you, Insider, for your most salient and truthful post above.

shrimp for breakfast
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shrimp for breakfast 12/20/11 - 05:55 am
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Little Lamb i think you hit

Little Lamb i think you hit it right on the button.

Riverman1
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Riverman1 12/20/11 - 06:16 am
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Everything I've read about

Everything I've read about recessions and wars is war helps the economy. With our wind down in Iraq, the economy faltered. We need to find another Grenada or something to invade and help the economy. Augusta is going to lose too many jobs with peace.

War! huh-yeah
What is it good for?
Absolutely everything
Uh-huh

carcraft
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carcraft 12/20/11 - 06:45 am
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"Please don't forget the

"Please don't forget the Jimmahy Carter "Community Reinvestment Act". Theat little jewel was what started the sub prime mortgage melt down. That was the law that Clinton used to force banks to loan to people who could not afford the loans. Please don't forget that Our dear leader umm umm umm, was a lawyer in a law suit that forced Citi Bank ( now citi corp) to give subprime loans. But of course it is all Bush's tax cuts for the wealthy that caused this, you know like the Payroll Tax cut Dmeocrats are using to wage class warfare claiming the Republicans only care about the wealthy! Never thought I would see the day Obama would fight for a George Bush program, unless it was Rendition, Gitmo, platriot act etc...LOL Obama=Bush heavy!

madgerman
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madgerman 12/20/11 - 07:18 am
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Some posters aparently
Unpublished

Some posters aparently believe that CEO's are taxed to death and they chose a path to china for their corporations so they could enhance stockholder returns. I disagree. I think that because we didn't tax CEOs and stockholders to death, for moving operations to china, they chose the path paved with gold - in their pocket. I doubt they would have sent their firms to china if they had to pay the piper for doing so. And I think they are still doing it because they - can. remember, not all stockholders have a say in who the CEO is. That decision is often made by people with a very small percentage of actual investment in the company.

blues550
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blues550 12/20/11 - 07:25 am
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This gentleman is purely
Unpublished

This gentleman is purely delusional. When first reading this letter I thought it was just more garbage from Lowell. On second pass I'm thinking this is a pen nam not a real person. Hard to believe there are 2 people out there capable of churning out the same garbage using the same verbiage.

nofanofobama
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nofanofobama 12/20/11 - 07:25 am
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the prez is an empty

the prez is an empty suit...the writer refers to the super committee on the debt yet fail to remember that obumler had a high profile committe himself that he ignored completely..also the senate has not even passed a budget in the last three years...which is mandated by the constitution i believe. and run by reid...obumler has given us more debt than all prez's combined that came prior to his regime..no bush was not a fiscal conservative and it drove us [conservatives mad] but obumler is in a league all by himself..as truman use to say the buck stops here..unless your obumler who cannot lead because he is a empty suit with the same old radical re-distrubtion agenda that were and are proven bankrupt all over the world.

Fundamental_Arminian
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Fundamental_Arminian 12/20/11 - 08:17 am
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"Everything I've read about

"Everything I've read about recessions and wars is war helps the economy" (Riverman1).

War helps defense contractors but not average citizens. It also destroys the economies of any countries it's fought in. What's more, our nation somehow feels obligated to rehabilitate the economies of the nations we invade.

We can't afford anymore wars. Just wait till a war is fought on our soil.

TParty
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TParty 12/20/11 - 08:31 am
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The invasion of Iraq hurt us

The invasion of Iraq hurt us a lot in many different way, but you have to remember checks and balances. GOP might have been running the executive branch, but the Dems controlled the legislative branch, which also controls the purse, wallet, credit card, etc.... So everyone who voted for it (Hiliary and Biden) are just to blame as Bush.

Also, when Obama spoke out in 03 saying it's dumb war, how can he now speak to soldiers and tell them they good job? They did a good job doing a dumb thing?

robaroo
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robaroo 12/20/11 - 08:36 am
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It's close, but George Bush

It's close, but George Bush beats out Carter for worst president. Horrible things happened during Carter's term and he didn't play them out very well. Ditto for Bush.

But the long term consequences for George Bush's goofs are much worse. Thousands of troop losses in Iraq and Afghanistan. Two simultaneous wars financed with borrowed money. The country lost a lot of its manufacturing base. The country was drowning in debt at the end of his term.

The Democrats have certainly not changed the direction we are going. Mr. McGaughy got it right in this letter. We took a wrong during the Bush years and never went back.

macktaylor
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macktaylor 12/20/11 - 08:46 am
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Chillen has it spot on.

Chillen has it spot on. Nancy Pelosi and Harry Reed along with Obama have destroyed our nation. Obama continues to engage in a propaganda war against the Republican led house; which is Republican led because our country chose to reject the Pelosi and Obama scheme for our country. While the Republicans ride the charge to fix what's wrong, Obama continues his propaganda against the House GOP and too bad most of the idiots in this country believe it. If Obama wins in 2012 we will see the fall of a great nation.

Techfan
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Techfan 12/20/11 - 08:47 am
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In case anyone might believe

In case anyone might believe carcraft's erroneous post, The Community Reinvestment Act prevented redlining, ie. it prevented banks from denying loans to QUALIFIED applicants in their market areas. It had nothing to do with the subprime crisis. It's the right wing method of, "if you tell a lie often enough people will believe it". How can anyone believe that a bill passed in 1977, took 30 years to cause the crisis?
http://www.businessweek.com/investing/insights/blog/archives/2008/09/com...
http://blogs.wsj.com/economics/2008/12/03/feds-kroszner-defends-communit...

onlysane1left
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onlysane1left 12/20/11 - 08:53 am
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Greed caused the subprime

Greed caused the subprime crisis, please dont forget that. Greed is why we are in the trouble we are in. Bush, Obama, Congress, corporations are all about greed. All of those I have mentioned will sell us out immediately to make more millions because our lives dont matter. Dont be fool by party politics lines of the Dems fault or its the Repubs fault because, at some point in time through both parties, we all have been placed in harms way due to greed. People don't run for public office for the love of people, they do it for the fame, power and fortune!

justthefacts
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justthefacts 12/20/11 - 09:10 am
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Techfan, lot's of opinion's

Techfan, lot's of opinion's on this. This one turns to be prophetic. "In moving, even tentatively, into this new area of lending, Fannie Mae is taking on significantly more risk, which may not pose any difficulties during flush economic times. But the government-subsidized corporation may run into trouble in an economic downturn, prompting a government rescue similar to that of the savings and loan industry in the 1980's." This appears to put the blame on Mr. Clinton. http://www.nytimes.com/1999/09/30/business/fannie-mae-eases-credit-to-ai...

dstewartsr
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dstewartsr 12/20/11 - 09:44 am
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Hurts to write this, but I

Hurts to write this, but I concur with justthefacts; anytime the New York Times -a pro-Democrat newspaper somewhere to the left of Pravda- takes note in alarm, there's something seriously wrong. Although, as noted, the CRA was limited in scope, that has never prevented government regulators from overreach.

carcraft
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carcraft 12/20/11 - 10:37 am
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Techfan- You are a little

Techfan- You are a little off- here is an interesting analysis of the CRA http://articles.businessinsider.com/2009-06-27/wall_street/30009234_1_mo... Government regulations and increasing levels of government regulations caused the housing crash.

dichotomy
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dichotomy 12/20/11 - 10:37 am
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Seems everyone has an opinion

Seems everyone has an opinion of how we got in this predicament. Doesn't really matter since we are here. The question is how to turn things around. The free riders who do not pay any taxes do not want to start paying. Go figure. The people who already pay all of the taxes do not want to pay more. Imagine that. That leaves one alternative..........CUT SPENDING. Gut government programs and agencies which are not absolutely vital to the existence of this country.....and believe me, that's most of them.

Sargebaby
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Sargebaby 12/20/11 - 11:05 am
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Well, Mr.Jim McGaughy, the

Well, Mr.Jim McGaughy, the GOP didn't do it all by themselves. Anyone who would blame a particular party or group for destroying our country is without perceptiveness.

crkgrdn
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crkgrdn 12/20/11 - 11:40 am
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Before you become shrimp for

Before you become shrimp for breakfast, you should know that John Quincy Adams was the best prepared president the nation has had. He was at his father's side in Europe during our war for independence and among other things serves as ambassador to Russia and as secretary of state. He wrote the Monroe Doctrine. As president, road and canal construction were promoted as well as exploration of the west. These twin objectives would secure the future of the young nation. And, Adams did meet resistance from southerners in congress who embraced states' rights. embraced states rights. Regional conflicts over tariffs intended to promote American manufacturing and deal with abusive British trade policies were used by Jackson's supporters to win the 1828 election. Although Jackson was the hero of New Orleans and a champion of the common people, he became one of our most tyrannical presidents. After the 1828 election Adams went on to serve the nation as a member of Congress until he died at his desk on the House floor.

FalseHopeLooseChange
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FalseHopeLooseChange 12/20/11 - 11:46 am
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One can blame it on the GOP

One can blame it on the GOP or even blame it on the bossa nova, but all Americans have to do is look in the darn mirror to see who's really to blame.....

Collectively and individually the people of this country have let politics, politicians and greed destroy what once was the greatest nation on earth.

crkgrdn
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crkgrdn 12/20/11 - 11:53 am
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FalseHope, you see clearly.

FalseHope, you see clearly. We have forgotten or are not aware of the principles that have made this nation great.

Insider Information
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Insider Information 12/20/11 - 12:15 pm
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Let me give you an inside

Let me give you an inside look at the collapse of the housing market and, thus, the economy...

When I bought my house at the height of the market, I used a prominent local bank and one of the biggest local real estate companies.

One of the first questions asked was how much I made, and then the realtor tried to sell me a house I couldn't afford. But no worries, she said, because her friend at the bank would approve me for the loan.

I told her I couldn't afford the monthly payments, but she said that I should trust her as she tried to sell me houses at nearly double what I knew I could afford.

The bank was all too happy to give me whatever loan I asked for despite my modest salary because it was ready to sell the loan the same day I closed.

Fortunately, I used common sense and chose to live within my means. I could have been a statistic.

Chillen
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Chillen 12/20/11 - 12:38 pm
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That's an interesting story

That's an interesting story insider information. And one that I'm sure anyone who bought a house in the 20 years prior to 2008 experienced.

We "qualified" for double the amount of house that we bought. If we'd gone that high, I wouldn't be able to sleep at night. And we'd be having trouble making the payments each month too.

Folks like you & I were smart. Many were not - they were caught up in the bling and elation of "high society" livin'. Many have lost everything they had as a result.

And the bankers and the politicians are grinning from ear to ear - richer and far more powerful from American citizens failures.

allhans
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allhans 12/20/11 - 12:49 pm
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I love the fact that Dems,

I love the fact that Dems, after years of complaining about the "Bush Tax Cut that helped nobody" now is blaming the Republicans for NOT wanting to continue the "only for the rich" Bush tax cuts.
You have to smile.
Isn't it strange how different things look when the shoe is on the other foot.

southernguy08
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southernguy08 12/20/11 - 02:00 pm
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GOP destroyed this country? 3
Unpublished

GOP destroyed this country? 3 trillion added to the national debt Obama's first year in office. Unemployment going to almost 10% after he promised it wouldn't go above 8 if he got his "stimulus package" passed. He did, and unemployment still went up. More people than ever looking for work and pessimistic about the future. Thanks Mr. McGaughy, I haven't laughed so much in years. Your tirade against Republicans shows you and most liberals already know that polls are showing most Americans don't want 4 more years of Obama's "change." Sorry, just calls em as I sees em.

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