starvingartist Posted September 9 Report Share Posted September 9 I am being somewhat lazy,, However someone recently told me rough figures and I wanted to know if anyone knows the exact or can confirm them. I was told when Bush took office the U.S. had a surplus of roughly 200 million and that currently the deficit is 400 billion+. Is this information correct? Quote Link to comment Share on other sites More sharing options...
bigpoppanils Posted September 9 Report Share Posted September 9 when bush took office the surpluses were much higher than 200 million....a couple hundred billion i thinkfirst the surpluses faded due to the decreased tax revenues (recession)this year is bad because of the tax relief combined with the war effort deficit is around $475-480 billion..... Quote Link to comment Share on other sites More sharing options...
anotherway83 Posted September 9 Report Share Posted September 9 i'm pretty sure (abt 90%) that the projected surplus was in the neighborhood of 1 trillion or sothanks to bush, tho, we now have a deficit of several hundred billion dollars.it is true that the economy was taking a turn for the worse when he came in to office, but his actions only exacerbated the situation, so i still think he deserves a good deal of the blame. Quote Link to comment Share on other sites More sharing options...
igloo Posted September 9 Report Share Posted September 9 Originally posted by anotherway83 thanks to bush, tho, we now have a deficit of several hundred billion dollars.it is true that the economy was taking a turn for the worse when he came in to office, but his actions only exacerbated the situation, so i still think he deserves a good deal of the blame. Thanks to Bush????...Did you remember a little thing called 9/11 and its overall impact on the economy?......Or perhaps you just want to discount this is with your economic wisdomYou mention the economy was struggling when Bush took office...How about it was a fucking trainwreck to be more clear...An inherited terrible economy and then 9/11, and its Bush's fault......brilliance.....you must be proudThose crying about deficits and spending...was there really a choice after 9/11, and the costs of national security....do you think a Dem President would have done something different--in other words, not take the appropriate actions and spending to defend the country and protects its citizens (first priority of the govt) in order to prevent a deficit ......thank God then that Bush is in office..Has tax cuts in a time of war added, of course....but only time will tell for the long term economic growth prospect...And furthermore genius, the economy is showing its first real signs of stabilizing and building a foundation for growth...so what exactly are you crying about--that you did not put your money in the stock market a year ago and made 25%+ Quote Link to comment Share on other sites More sharing options...
starvingartist Posted September 9 Author Report Share Posted September 9 Originally posted by igloo Thanks to Bush????...Did you remember a little thing called 9/11 and its overall impact on the economy?......Or perhaps you just want to discount this is with your economic wisdomYou mention the economy was struggling when Bush took office...How about it was a fucking trainwreck to be more clear...An inherited terrible economy and then 9/11, and its Bush's fault......brilliance.....you must be proudThose crying about deficits and spending...was there really a choice after 9/11, and the costs of national security....do you think a Dem President would have done something different--in other words, not take the appropriate actions and spending to defend the country and protects its citizens (first priority of the govt) in order to prevent a deficit ......thank God then that Bush is in office..Has tax cuts in a time of war added, of course....but only time will tell for the long term economic growth prospect...And furthermore genius, the economy is showing its first real signs of stabilizing and building a foundation for growth...so what exactly are you crying about--that you did not put your money in the stock market a year ago and made 25%+ My intentions were not to be misconstrued as crying, complaining, etc. I was merely posing the question because I wanted a concrete answer. I have just been hearing a wide range of figures being thrown around and quite filter whats reliable or not. Thanks anyways. Oh and where are you getting this 25% return figure, because last I have read or researched showed finding an investment at even 12% right now is impossible in the U.S. I could be wrong though... Quote Link to comment Share on other sites More sharing options...
PinkFloyd40 Posted September 9 Report Share Posted September 9 Originally posted by starvingartist My intentions were not to be misconstrued as crying, complaining, etc. I was merely posing the question because I wanted a concrete answer. I have just been hearing a wide range of figures being thrown around and quite filter whats reliable or not. Thanks anyways. Oh and where are you getting this 25% return figure, because last I have read or researched showed finding an investment at even 12% right now is impossible in the U.S. I could be wrong though... definetly wrong.. Quote Link to comment Share on other sites More sharing options...
mrmatas2277 Posted September 9 Report Share Posted September 9 Originally posted by starvingartist Oh and where are you getting this 25% return figure, because last I have read or researched showed finding an investment at even 12% right now is impossible in the U.S. I could be wrong though... he meant when the market was "UP" not what it is now...but lately its been gaining....so u never know... Quote Link to comment Share on other sites More sharing options...
iamme Posted September 9 Report Share Posted September 9 Originally posted by starvingartistOh and where are you getting this 25% return figure, because last I have read or researched showed finding an investment at even 12% right now is impossible in the U.S. I could be wrong though... you will always be able to get shit that has high returns in nearly any economy...if you are willing to take on the added risk. There is opportunity out there...but not for everyone, and not everyone can afford the additional risk.Just my opinion Quote Link to comment Share on other sites More sharing options...
starvingartist Posted September 9 Author Report Share Posted September 9 Originally posted by PFloyd40 definetly wrong.. Ok, any examples? Quote Link to comment Share on other sites More sharing options...
iamme Posted September 9 Report Share Posted September 9 ...growth mutual funds, small cap funds...American Funds Amcap - 22.80 YTDAXP Small Cap Advantage - 34.50 Legg Mason Value Trust - 31.52 Gabelli Asset Fund - 18.73 been doin great YTD Quote Link to comment Share on other sites More sharing options...
PinkFloyd40 Posted September 10 Report Share Posted September 10 Originally posted by starvingartist Ok, any examples? here's some... actually quite a few..http://moneycentral.msn.com/investor/partsub/funds/topfundresults.asp?Category=45&Symbol=$HFanother..gold..and of course.. even the big guys..seems to me they're doing pretty damn well... Quote Link to comment Share on other sites More sharing options...
PinkFloyd40 Posted September 10 Report Share Posted September 10 nm Quote Link to comment Share on other sites More sharing options...
PinkFloyd40 Posted September 10 Report Share Posted September 10 nm Quote Link to comment Share on other sites More sharing options...
PinkFloyd40 Posted September 10 Report Share Posted September 10 nm Quote Link to comment Share on other sites More sharing options...
igloo Posted September 10 Report Share Posted September 10 Originally posted by PFloyd40 nm Nice work...Amazing that some of the imbeciles here try to pass themselves off as economists (by blaming Bush), yet have not been watching the markets over the past year, which is very easy.As usual, they are easily exposed as anti-Bush, biased blowhards with their heads stuck up their ass. Quote Link to comment Share on other sites More sharing options...
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