No offense but Levin remains right. The Bush economy was strong for nearly all of his presidency. Schiff is very much correct in what he said, so it is not one or the other. There were a number of things Bush could have done better, including keeping the dollar strong, but his policies created a growth and job creating environment throughout his presidency. He does not deserve ‘blame’ for tanking the economy.
Thank you for your polite viewpoint(I will be called many names for this one.)
I didnt Blame Bush in this post, certainly not for it all, but obviously he would get all the blame so he had a reason to head it off. This is more about who to listen to.
You should see the clips of Hannity I have before and after the crash. Same thing, before crash he told us economy was strong a big success, after crash he told us it was all democrats that killed economy by actions years before , and that republicans WARNED us the crash was coming back years before. But Hannity and Levin cant find one clip of themselves warning us economy would crash when they say BUSH was sounding the alarm bells. Isnt that strange?
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.