[bray]

Their second favorite phrase is Trickle Down doesn’t work because the Bush crash. That crash nearly happened when he entered the presidency and after 911. Most thought it was a miracle he kept this country afloat with cutting taxes and regs, but it couldn’t last forever with Fanny and Freddy collapsing.

[rodguy911]

"The Bush Crash" is more fake news.

The mortgage crash was due to con men bundling worthless mortgages full of hot air rather than equity and selling them to insane bankers.

When it all blew up they simply blamed Bush and he was so weak he let it stick.

Houses were sold to anyone who would sign on the dotted line that wanted a house. Since housing prices always went up there was never a risk.This was all instituted by dems threatening Republicans that they would be called racists if anyone who wanted to buy a house was not allowed. Whether they could afford it or not whether there was any equity in the house or whether there was a down payment was never considered.

When it all blew up blaming all that on Bush was insane but they got away with it once more.

[Alas Babylon!]

To me the biggest problem during that time was the spinelessness of the Republicans.

Consider this: They had ALL the power. The House of Representatives, the Senate, and the White House, and while they did cut taxes, they not only did NOT cut spending, but increased it in many ways and, of course, military spending grew due to the War on Terror.

I’m not complaining about the military spending; we HAD to.

But a thousand other entitlements and give-aways were kept afloat or added to during that time. Nonsense such as “No Child Left Behind” and other boondoggles.

So here we are , 16 years later, and we control, once again, both legislative bodies and the presidency.

CAN we cut spending this time? $20 trillion in debt is laughable. How can we EVER pay it back? Is that their thinking? Or is it fear of entitlement voters wiping them out in the next election?

No one has balls but the President, and he needs the help of others to loft them higher...

[Cheerio]

Their second favorite phrase is Trickle Down doesn’t work because the Bush crash. That crash nearly happened when he entered the presidency and after 911. Most thought it was a miracle he kept this country afloat with cutting taxes and regs, but it couldn’t last forever with Fanny and Freddy collapsing.

Anyone not understanding the crash of 2008 by now, needs to rent "THE BIG SHORT". No econ 101 needed here, to understand exactly what happened. My favorite scene is when Steve Carell and his associates are down in FL interviewing folks and they ask the stripper/pole dancer about her mortgage.

In the trailer, Carell’s Mark Baum also tells a stripper that she’s not going to be able to re-finance her loans. The pole dancer responds by saying she has five houses and a condo.

“How much do you make a year?” an incredulous Carell asks.

Reminded me of the 1928 stock market debacle when shoe shine guys were purchasing stocks.

[arrogantsob]

The proper description of economic growth is JFK’s “ A rising tide floats all boats.” Trickle Down sounds like an welcome event running down your leg.

Control the language and you control the thoughts.