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  #1  
Old 18 April 2008, 08:22 AM
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snopes snopes is offline
 
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Soapbox Democrats ruined the economy

Comment: Hi, this has been hanging around for about a week. Wondered if
there is any truth to it.

--------------------------------------

A little over one year ago:
1) Consumer confidence stood at a 2 1/2 year high;
2) Regular gasoline sold for $2.19 a gallon;
3) The unemployment rate was 4.5%.


Since voting in a Democratic Congress in 2006 we've seen:
1) Consumer confidence plummet;
2) The cost of regular gasoline soar to over $3 a gallon;
3) Unemployment is up to 5% (a 10% increase);
4) American households have seen $2.3 trillion in equity value evaporate
(stock and mutual fund losses);
5) Americans have seen their home equity drop by $1.2 trillion dollars;
6) 1% of American homes are in foreclosure.


America voted for change in 2006, and we got it!

The most significant accomplishment by the Democratic controlled Congress
in 2007:
THEY VOTED TO INCREASE THEIR PAY!
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  #2  
Old 18 April 2008, 08:43 AM
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Ravenhull Ravenhull is offline
 
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D'oh!

Of course, if the economy had improved, then these folks would claim that it was the effects of the Republican congress simply spilling over in spite of the Democrats.
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  #3  
Old 18 April 2008, 08:54 AM
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Tarquin Farquart Tarquin Farquart is offline
 
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Quote:
Originally Posted by snopes View Post
The most significant accomplishment by the Democratic controlled Congress in 2007:
THEY VOTED TO INCREASE THEIR PAY!
I've never understood why people have a problem with this. If they were awarding themselves 30% pay rises there might be a problem I suppose.

Who else would be able to vote on a pay rise?
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  #4  
Old 18 April 2008, 09:11 AM
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Il-Mari Il-Mari is offline
 
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Quote:
Originally Posted by Tarquin Farquart View Post
I've never understood why people have a problem with this. If they were awarding themselves 30% pay rises there might be a problem I suppose.

Who else would be able to vote on a pay rise?
Also, isn't there and automatic cost of living adjustment in place, precisely so that there wouldn't be controversies about Congress raising its pay?

I think the only way Congress can avoid getting a raise is by explicitly voting against it, which is quite a different thing altogether.

- Il-Mari
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  #5  
Old 18 April 2008, 09:54 AM
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Tarquin Farquart Tarquin Farquart is offline
 
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Quote:
Originally Posted by Il-Mari View Post
Also, isn't there and automatic cost of living adjustment in place, precisely so that there wouldn't be controversies about Congress raising its pay?

I think the only way Congress can avoid getting a raise is by explicitly voting against it, which is quite a different thing altogether.
I'm assuming the Republican members of Congress also supported the pay rise.
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  #6  
Old 18 April 2008, 10:27 AM
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Quote:
Originally Posted by Tarquin Farquart View Post
I'm assuming the Republican members of Congress also supported the pay rise.
Yep! This is just more of the same. Both sides try to twist statistics to make the other side look bad. Unfortunately, there are a lot of people who believe all this rubbish, also from both sides.
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  #7  
Old 18 April 2008, 12:09 PM
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Banrion Banrion is offline
 
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Quote:
Originally Posted by Il-Mari View Post
I think the only way Congress can avoid getting a raise is by explicitly voting against it, which is quite a different thing altogether.

- Il-Mari
I also believe, that when they decide on and vote the cost of living adjustment, it isn't just for congress, it is for ALL federal employees. So if they did decide to skip the COLA we would have a whole lot of pissed off people in this country.
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  #8  
Old 18 April 2008, 12:18 PM
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Tarquin Farquart Tarquin Farquart is offline
 
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Quote:
Originally Posted by snopes View Post
Since voting in a Democratic Congress in 2006 we've seen:
1) Consumer confidence plummet;
2) The cost of regular gasoline soar to over $3 a gallon;
3) Unemployment is up to 5% (a 10% increase);
4) American households have seen $2.3 trillion in equity value evaporate
(stock and mutual fund losses);
5) Americans have seen their home equity drop by $1.2 trillion dollars;
6) 1% of American homes are in foreclosure.
All of which Congress are directly responsible for.
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  #9  
Old 18 April 2008, 01:48 PM
blucanary blucanary is offline
 
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Well of course didn't you know the Democrats are hording oil to make the cost of gasoline go up. And everyone knows they also made homeowners take out unreasonable loans on houses they couldn't afford. I mean it's so plain to see.
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  #10  
Old 18 April 2008, 02:05 PM
Natalie Natalie is offline
 
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Location: Minneapolis, MN
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Quote:
Originally Posted by snopes View Post
1) Consumer confidence stood at a 2 1/2 year high;
It's hilarious to me that they mention a 2 1/2 year high like that's some kind of accomplishment, especially since that doesn't even stretch back to the last president before GW.

I also found that there's more than one "consumer confidence" measurement, because the survey asks about a lot of different things. According to the most recent survey, "the Expectations Index, in fact, is now at a 35-year low (Dec. 1973, 45.2), levels not seen since the Oil Embargo and Watergate."

Quote:
2) Regular gasoline sold for $2.19 a gallon;
When Clinton was president it was $1.00 a gallon. By this logic, Bush ruined the economy. Then again, by this logic, WWII ruined the American economy. After all, prices rose during the war and, while they fell after the war they were still higher than they were before the war.
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  #11  
Old 18 April 2008, 02:12 PM
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Arriah Arriah is offline
 
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Icon18

I'm pretty sure I was watching CSPAN when they voted for this one too. After voting to ruin the economy and make everyone in the country mad all the Democrats jumped up and high fived each other. A couple of them tried to do that jumping body slam that sports players do sometimes and it took out a few of the older senators.

I think that was the same day they decided to keep the impending alien invasion a secret too.
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  #12  
Old 18 April 2008, 03:28 PM
Grumpy
 
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Quote:
The most significant accomplishment by the Democratic controlled Congress
in 2007: THEY VOTED TO INCREASE THEIR PAY!
Amendment XXVII: "No law, varying the compensation for the services of the Senators and Representatives, shall take effect, until an election of Representatives shall have intervened."

Since Ol' 27 took effect in 1992, Congress can't raise its own pay, only the pay of the next Congress (which, of course, is largely made up of the same members).

As for the rest of it, from what I gather the economic woes of 2008 are the result of risky investments made before 2006, i.e. before Democrats took over.
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