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It's Bush's Fault

Posted 18 months ago|12 comments|384 views

TAGS

obama , bush , economy , president

Written by

redstateguy

On the following website:

http://www.reuters.com/article/idUSN0910...

the President is blaming former President Bush for the state of the economy.

Well, at least President Obama stopped the oil leak in the Gulf.

Phew! Thanks Mr. President.

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markbyrn

Moderator

18 months ago: I knew it was you when I saw that title. But let's be fair. If you admit that Moon Beam handed off a galactic 9.9 Trillion dollar debt and a parcel of big business bail-outs, I'll admit that Obama has continued in the debt ballooning footsteps of Bush Jr, Bush Sr, and Reagan, and shouldn't be talking.

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redstateguy

18 months ago: Take Reagan out of there, and we'll agree wholeheartedly.

(That "parcel" was merely TARP money, right?)

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markbyrn

Moderator

18 months ago: Reagan was the worst of the three since he quadrupled the debt. As one prognosticator glibly noted, "It took our nation 39 Presidents and 204 years to amass a $1 trillion debt. In just eight years Ronald Reagan quadrupled that debt."

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The Cypress Gang

18 months ago: Mark, you left out...

on the heals of Jimmy Carter.

What was the "Net Worth" of the country when he left office?

http://www.forbes.com/2004/06/07/cz_rk_0...

...There is yet another argument. Most commentators, Morris included, miss it. The Reagan years added $1.4 trillion to the federal debt; that much is fact. But that figure is a teeny blip set against the spike in American asset values, a rise created by the tax-cut boom; i.e., a rise created by Dutch himself. When Reagan took office in 1981 the market value of all American assets--stocks, land, crops, houses, commercial buildings, capital equipment, cars, collectibles, precious metals, etc.--was about $16 trillion. When he left office in 1989, that number had doubled to $33 trillion. Consider this bump of $17 trillion next time The New York Times kvetches about the debt and proposes to wipe it out with a tax hike...

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markbyrn

Moderator

18 months ago: Spare me the voodoo economics lesson and tell me, what did big daddy Bush do with this imaginary net worth bonanza? I guess he pissed it away in the Persian Gulf and doubled the national debt.

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redstateguy

18 months ago: Mark.

You can't face the truth about Obama, can you?

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rockford whiles

18 months ago: Is that Jose Canseco in your profile pic? Sexy....

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redstateguy

18 months ago: It's someone who should be taken with a grain of salt.

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Perfect Horizon
Chicago, IL

18 months ago: When people are actually willing to admit that the vast majority of the problems the United States is facing right now are, in fact, George W. Bush's fault then we can actually move forward. I would have loved to see what McCain and Palin would have done with this country...our debt would be 500X higher than it is and somehow we would be at war with 4 other countries and imaginationland. I would take conservatives seriously if they even made a half hearted attempt to be more intelligent.

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redstateguy

18 months ago: Make up your mind Perfect.

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redstateguy

18 months ago: Maxine Waters is saying her ethics problems were Bush's fault too.

http://www.foxnews.com/politics/2010/08/...

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The Cypress Gang

18 months ago: ...Smoke on the Water(s) and fire in the sky...Smoke on the Water(s)...

I am really starting to enjoy the stuff.

The commies are starting to write...

Drop the "R" from "Rangel" and it spells "Angel".

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