- Joined
- Apr 9, 2014
- Messages
- 414
- Reaction score
- 210
- Points
- 43
Bush 43 got the recession from ******* Billy Blythe and Paul "Bubble Boy" Krugman. It was just starting to turn around when the 9/11 attacks happened. B-Rock gets elected right after the financial markets crashed because of the Community Reinvestment Act had forced banks to make all those bad loans. So what does B-Rock do to fix all this? He announces plans to raise taxes and add a bunch of mandates to businesses which sends our economy into more of a tailspin. Since then we have enjoyed record low economic growth rates and a record number of people on unemployment and applying for SSI disability and simply leaving the workforce. So yeah I can say it was the DUTY of the opposition party to resist B-Rocks mind numbingly stupid plan without cracking a smile.
When I see stuff like this I really know were ******. Clinton left the White House with the first surplus in years. How he got there was sketchy but not entirely all his doing. The dot com bubble and Social Security payroll charge offs had alot to do with it as well. The problem Clinton had was the GDP became skewed because of sector imbalance. The govt sector is almost always in deficit and was during the Clinton years too. What was almost never in deficit was the private sector which happened for the first time in 50 years under Clinton. The foreign sector suffered as well. The terrible trade policies and deregulation that the Clintons had pretty much continued policies that were already ticking timebombs in the 80s but didnt blow cause of the dot com money and the stock bubble. Bush 43 came in and instituted tax cuts that in a deregulated market just threw gas on the fire. Bush actually wanted to reregulate fannie mae and freddy mac and bank deregulation but as usual he held no power in his own ******* administration and continued the dangerous policies. You throw in the wars and the free for all spending from that and the eventual crash and theres much blame to go around.