Posted on 08/01/2011 1:00:23 AM PDT by neverdem
The economic growth under W was from government growth, a weak dollar, wars, a housing bubble, and a commodities bubble. It was all smoke and mirrors, and unsustainable.
Whose signature was on that 2009 budget that created the largest deficit? Who went around clucking that "suprime was contained," when it really wasn't?
Whose signature was on the 2009 budget that created the largest deficit?
See if you can stay on subject for a moment...
Federal Revenue was at an all time high under Bush tax rates.
The largest deficit was in 2010 and will be exceeded in 2011.
Bush tried 3 times to shut down the Fannie, Freddie, subprime mess, only to be rebuffed by the Dodd, Franks, Schummer, et al.
And you’re simply WRONG about the economic growth being government growth. It was in fact PRIVATE SECTOR GROWTH, under Bush.
The subject is what a terrible economic president W was, and how Obama is more of the same.
Federal Revenue was at an all time high under Bush tax rates.
Based on fake, unsustainable economic growth.
The largest deficit was in 2010 and will be exceeded in 2011.
Based on the chart, it was 2009, and it was W's signature on that budget.
Bush tried 3 times to shut down the Fannie, Freddie, subprime mess, only to be rebuffed by the Dodd, Franks, Schummer, et al.
He failed, which is not surprising since he pretty much went along with everything Congress wanted as indicated by his veto record. He also encouraged people to buy homes who couldn't afford them.
And you’re simply WRONG about the economic growth being government growth. It was in fact PRIVATE SECTOR GROWTH, under Bush.
Resorting to the caps lock isn't going to help you. The only private sector growth of note was commodities, which benefited from W's weak dollar, government spending and wars; Defense contractors who benefited from W's wars, and government spending; The housing industry, which benefited from the lack of anything else to invest in. The major stock indices actually declined during W's eight long years.
The notion that you're in a position to label the Bush economy as “fake and unsustainable” is laughable.
Are you supposing that increasing taxes on top of Obamacare, Obama energy policies, and the job killing agenda of his newly created czars, is some kind of economic utopia?
Just for the record, the chart in Post #6 illustrates OBAMA’S DEFICIT, not the Bush budget!
"I've abandoned free-market principles to save the free-market system."
It’s clear that your hatered of Bush blinds you to Obama’s destruction of the free market system as well as the Constitution.
Not at all. W was terrible and put us on this path. Obama is a bit worse.
Don’t worry soon we’ll get that Muslim Negro out and a good white Christian man in to raise the debt and keep us headed towards being China’s whores.
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