” So Clinton leaves office at a time when it looks like things
went pretty well for the past few years,”
Clinton lucked out..
1) Hi-tech boom
2) dot com boom.
“and GWB leaves office when all hell is breaking loose and he is on TV demanding congress give him a huge blank check to bail out the banks, or else great depression is coming.”
Bush had a lot to do with HIS bust. Contrary to Bush apologists, Bush campaigned for the damn NINJA loans, so he OWNS them.
As for the “blank check”, that is merely Bush putting another nail in our coffin.
Regardless, its a curse on us.
On GWB : If ya wanna leave office with fond memories left behind then dont demand trillions of dollars to bail out banks threatening with us with a Depression, at the end of your eighth year.
Bush spent less than half of the $780 billion requested for the bailout.
He also had two key fiscally conservative stipulations to his bailout actions:
1. All money must be paid back
2. Money must be paid back to taxpayers with interest.
Those features do not exist in democrat/Obama spending actions.
Incidentally, the bank bailout has been paid back and with interest just as Bush promised.
The blind rage of Republican=Democrats is one of the most serious threats to the republic.
Bush was reducing the deficit three years in a row until democrats took over congress in January 2007. Democrats uncorked fannie mae and freddie mac and directly caused the housing crash destroying 6 trillion dollars in assets for homeowners.
Even in this thread the ridiculous gloss about Clinton boom is offered. One can easily see in the past twenty years or more a simple correlation between democratic control of the federal government and spending madness.
Republicans gained strong control of Congress from 1994 through 2000. That controlled spending and Clinton’s fiscal madness [which included hopes of passing massive health care bills]. That produced growth. That reduced the debt.
I am fine with people wanting ‘more conservative’ reps but I am fed up with the Republican = Democrat mantra. Its obvious both in Congressional realities and Presidential realities.
The democrats have long done massive fiscal damage to the nation and presently hold the economy in a catastrophic tailspin. FR endlessly repeats the mantra: they’re all the same.
Actually, they’re not.