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AuRico Gold Inc. Ordinary Share Message Board

  • jack_baron jack_baron Apr 16, 2013 11:04 AM Flag

    Educating Tradeblazer- reality meets with fantasy

    You say that actual deficit reduction is occuring with Obama et al: that's fantasy. Here's reality-
    January 3rd, 2007 was the day the Democrats (and Obama) took over the Senate and the
    Congress. At the time:
    DOW Jones closed at 12,621.77
    GDP for the previous quarter was 3.5%
    Unemployment rate was 4.6%
    George Bush ended the recession he inherited by passing the Bush tax cuts, and his economic
    policies set a US RECORD 52 STRAIGHT MONTHS of JOB GROWTH.
    The Bush/republican deficits:
    FY 2002 Deficit: $157.8 billion
    FY 2003 Deficit: $377.6B
    FY 2004 Deficit: $412.7B
    FY 2005 Deficit: $318.3B
    FY 2006 Deficit: $248.2B
    FY 2007 Deficit: $162B
    Those deficits occurred during the greatest part of the Iraq/Afganistan war costs.

    Budgets do not come from the White House. They come from Congress , and the party that
    controlled Congress since January 2007 (FY 2008) is the Democrat Party...Harry Reed and
    Nancy Pelosi. Democrats controlled the budget process for 2008 & 2009 as well as 2010 &
    2011. In that first year, they had to contend with George Bush, which caused them to
    compromise on spending, however, Bush meekly opposed their spending increases. Starting in 2001, Bush asked Congress 17 TIMES to stop Fannie & Freddie from doing their toxic loans - because it was financially risky for the US economy.

    For FY 2009 though, Nancy Pelosi & Harry Reid bypassed George Bush entirely, passing
    continuing resolutions to keep government running until Barack Obama could take office. They
    passed a massive omnibus spending bill to complete the 2009 budgets. After that, they have not
    passed a budget. And to this day have offered only 1-that's right-1 budget.

    Look at what happened:
    FY 2008 Deficit : $459 billion (more than any Bush FY)
    FY 2009: $1.413 TRILLION
    FY 2010: $1.293 TRILLION
    FY 2011: $1.300 TRILLION
    FY 2012(projected): $1.327 TRILLION

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    • Bush had the benefit of 8 years of social security surpluss. The democrats are tax and spend and repiblicans are borrow and spend. We only have two rotten choices. I believe the democrats are just the lesser of the hypocrites.

    • The history books will not see your one sided way of thinking. I guess that you are right and everyone else will be wrong. You should move into a one bedroom apartment and wrap the windows with tin foil to keep everything out of your small apartment except for your FoxNews and Rush Limbaugh. There's one thing that you can't lie about, your trading account. Losers lose money and have the mind of a loser. LOL

    • part 2
      The republicans who voted for the debt ceiling increase, (which they shouldn’t have done) did so
      because they believed (or say they did) that they were on the path to eliminating the deficit. It
      appears they were. The reason now for opposing debt ceiling increases and demanding cuts to
      spending is obvious: Bush’s 1.676.6 Trillion debt spending has been blown away by
      democrat/Obama’ 5.792 Trillion debt spending; it is insane to increase the debt ceiling, taxes and fees, with or
      without spending cuts.

      Nither mre taxation (which does not always result in more federal revenue but always results in economic decline), nr more federal revenue which always results from tax cuts,
      decrease any annual budget deficit or the total federal debt. More revenue always results in more deficit spending.

      Only fantasy would opine that Obama Reid etal desire a balanced budget or a reduction in the federal debt.

      Trade may have been right (temporarily?) on AUQ stock's price but totally for the wrong reasons- there was nothing wrong with the company it is the result of the gold market.

      America's deficit is worse than Europe's. As Jim Cramer and many others have said- we all know this {deficit spending and money printing by the Fed} will end badly.

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