Which President Screwed Up the Economy the Most?

Discussion in 'Politics Discussion' started by Rhoda D'Ettore, Nov 3, 2014.

  1. Rhoda D'Ettore

    Rhoda D'Ettore Guest

    Joined:
    Oct 2014
    Posts:
    32
    Likes Received:
    0
    Who do you think screwed up the economy the most? Was it Wilson for getting into WWI which paved the way for the Great Depression a decade later? FDR who implemented a bunch of social programs we can't eliminate now? Reagan Republicans hold dear as a god, but Democrats blame for future failures? All the rest just seem to be bad from there! lol

    What are your thoughts?
     
  2. SteakTartare

    SteakTartare Senior Investor

    Joined:
    Mar 2014
    Posts:
    857
    Likes Received:
    11
    I wouldn't even know where to start. I guess in reverse order:

    BO: He's been a disaster on so many fronts, its hard to compile a complete list. ObamaCare, bail out extravaganzas, absurd "Green" energy initiatives that went no where, the Stimulus package that did nothing but create a mountain of debt, cash for clunkers, etc., etc.
    Bush the Elder: Three words—"Read my lips."
    Carter: This one really needs no explanation. Stagflation, the Great Malaise, a gas crisis, double digit inflation and Disco Duck. OK, I can't fault him for the Duck, but still, ugh.
    Nixon: Getting off the gold standard. Price controls. Then kneecapping GOP thanks to his slimefest known as Watergate.
    LBJ: The War on Poverty that created the modern welfare state.
    FDR: His economic policies were hit and miss, at best. The misses left a legacy of economic sluggishness. Not to mention the massive taxation apparatus that is still with us.
    Hoover: He is, imho, unfairly tarred with the Great Depression. Still, there were some steps his administration should have taken.
    Harding: Incompetent president in general and then Teapot Dome happened.
    Madison: The Embargo Act. Nuff said.

    Those are just off the top of my head. ;)
     
    Last edited: Nov 4, 2014
  3. Rainman

    Rainman Senior Investor

    Joined:
    Jun 2014
    Posts:
    1,587
    Likes Received:
    4
    I believe there were some presidents whose intentions were good but dragged the country down with them when they faced off against the elite who had set their eyes on controlling the government + the American people. So since these people control the money, they lashed back and what followed was a recession/depression. IMO the president who screwed up the economy the worst has got to be Bush Jr. When leaving the White House he had the audacity to say, "It will take years before anyone figures out what exactly happened in this White House." So far no one has figured out why he screwed up the economy but maybe when that mystery is solved in future we won't ever elect someone like Bush to be president.
     
  4. gmckee1985

    gmckee1985 Senior Investor

    Joined:
    Sep 2014
    Posts:
    548
    Likes Received:
    2
    LBJ. I think his Great Society programs are a cause of a lot of the problems with society today. They seem to have robbed a good chunk of the population of their work ethic and discipline. They reward irresponsibility and bad behavior. Second would probably be FDR. Though there have been plenty of bad presidents who meddled with the economy way too much.
     
  5. JR Ewing

    JR Ewing Super Moderator Staff Member

    Joined:
    Feb 2014
    Posts:
    4,950
    Likes Received:
    39
    FDR, LBJ, Carter, and Obama.
     
  6. jdroc

    jdroc Guest

    Joined:
    Sep 2014
    Posts:
    70
    Likes Received:
    0
    Let's see. Osama is dead. Gas prices are falling. Umemployment is down. The stock market is stronger. The economy is stabilized somewhat. Obamacare will eventually be a better plan. I know someone right now that has to pay over $1,000 for one prescription a month, so how is health insurance a bad thing? The nation will stop prosecuting people for marijuana. Which will save money and hopefully the states will redirect it to education. Oh yeah, high school drop out rates are down. So I don't get it how is BO so bad again?
     
  7. JR Ewing

    JR Ewing Super Moderator Staff Member

    Joined:
    Feb 2014
    Posts:
    4,950
    Likes Received:
    39
    What did Obama have to do with killing Osama, other than giving the "ok", which is what anyone with half a brain would have done? Obama actually opposes the interrogation methods used to gather intel which led to finding Osama.

    What does Obama have to do with the Saudis increasing production and lowering the price of crude dramatically?

    What does Obama have to do with the stock market being 20% higher than it was seven years ago?

    Explain to me what's so great about cancelling my insurance plan, making me get another one that costs far more and is inferior, and me having to subsidize health insurance for those who already receive free healthcare? And tell me how health insurance equals health care? What exactly is so great about the obamacare mess?

    And last I checked, the feds were still viewing mary jane as illegal - it's STATES who are deciding to legalize / decriminalize.
     
  8. Thejamal

    Thejamal Guest

    Joined:
    Mar 2014
    Posts:
    166
    Likes Received:
    1
    The "BO got Osama" is one of the most ridiculous things that democrats like to brag about. Like, what in the world did he do to kill Osama? Was he there personally? he just gave the go ahead. Hardly something to give him credit for

    And you couldn't be more wrong about Obamacare and the effects that it will have on our economy and what it's already doing to health coverage. Doctors are already turning away patients because they aren't being paid.
     
  9. CrystalMarie

    CrystalMarie Active Member

    Joined:
    May 2014
    Posts:
    34
    Likes Received:
    1
    I would have to say Bush. I am fairly young so I have only lived through 3 presidents. Bush seemed to be the worst overall. I just don't agree with his way of reasoning. Not to mention how much money we spent of military compared to education during his terms.
     
  10. dianethare

    dianethare Senior Investor

    Joined:
    May 2014
    Posts:
    987
    Likes Received:
    9
    Wow, people do know their politics, this is where i bow out and say wrong lecture hall, i guess am not so keen on pointing out the mistakes of others or even seeing those very mistakes...call me ignorant...maybe i am :)
     

Share This Page