No, Bush papered over the structural deficiencies in our economy by flooding the world with liquidity. That is the problem. It was a false prosperity, like building a straw mansion on sand. It is fake, false, temporary and soon collapses.
Bush didn’t cause this depression but did nothing to protect us from it and his policies hastened the decline. Inadvertently he helped us by pushing us into a depression so we can start deleveraging all of the crushing debt we need to destroy. But it was accidental on his part. All he wanted was to be re-elected.
No, the Bush economy was not “strong”. It was false.
Just as Obama did not cause the contraction. The economy was in trouble before Obama declared his candidacy. Yes, he is making things FAR worse, but no Obama did not cause this depression. He is only going to lengthen and deepen it.
Well said.
Hear hear.
BUMP!!