Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: G Larry
See if you can stay on subject for a moment...

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.

24 posted on 08/01/2011 10:15:25 AM PDT by Moonman62 (The US has become a government with a country, rather than a country with a government.)
[ Post Reply | Private Reply | To 23 | View Replies ]


To: Moonman62
There is NO COMPARISON between the economic disaster Obama created and the Bush economy.
Pointing to a chart that ignores the 2010 & 2011 Obama debacle is not exactly a debate point!

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?

25 posted on 08/01/2011 11:08:41 AM PDT by G Larry (I dream of a day when a man is judged by the content of his character)
[ Post Reply | Private Reply | To 24 | View Replies ]

To: Moonman62

Just for the record, the chart in Post #6 illustrates OBAMA’S DEFICIT, not the Bush budget!


26 posted on 08/01/2011 11:40:34 AM PDT by G Larry (I dream of a day when a man is judged by the content of his character)
[ Post Reply | Private Reply | To 24 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson