Terry LanciottiJanuary 14, 2009 9:47 amLions, Tigers and Bears… O-Bama. Manning is on The Economic Soap Box
No Introduction…
The Great Recession:
Partial Transcript:
0:38 ~ Let me explain to you that this Great Recession started 1998 and will run to the year 2012.
1:48 ~ George Bush, who’s leaving office now, when he came into office in the year 2000 he inherited a recession, ahh, the beginning of a recession.. ahh, from the president at the time William Jefferson Clinton, and he issued a stimulus package in 2001 to offset the ahh, sti..thb, thb, problem with the economy.
2:10 ~ The 911 event cause the market to sag even further.
2:21 ~ And then the war with Iraq in 2003 began to boost the economy.
3:28 ~ The money (for economic stimulus) comes from the Wizard of OZ. It has no real cumulative, economic stimulus action, and though the packages make people feel good for a brief period of time.
3:55 ~ By the year 2010 America will be facing 10 to 12 percent unemployment roles.
4:16 ~ America will be in the grips of the worst financial situation that the world has ever seen and the only thing that will stop it will be a war.
4:41 ~ Israel as a nation must aggressively now, ahh, seek to divert and divest itself from American approval and it must bomb Tehran.
6:52 ~ The Reagan administration was able to have peace time prosperity, the logest and the fullest under lower tax cuts.. what Reagan called… and under also lower capital gains which fueled increased production.
