How GW Bush destroyed US economy

[brocktonblockbust]

1. deregulation of Wall Street allowed financial institutions to make wild trades and pursue risky investments and transactions. Collateralized debt obligations, black pools, currency default swaps, george bush eliminated laws which allowed hedge funds and banks to run wild and unchecked. This lead to monster trillion dollar white collar crime from goldman sachs and including citigroup, j_p morgan, bank of america wells fargo et cetera. this also helped built the housing bubble with disastrous consequences.

2. 57% of bush's tax cuts benefited the wealthiest 3% of American taxpayers and cost 3 trillion dollars over the following 9 years after being enacted. even now bush's tax cuts for the wealthy are still the main driving factor of the US national debt

3. bush ran up a huge tab on two wars in Iraq and Afghanistan costing trillions of dollars.Bill Clinton had created a surplus but George Bush completely tore through every penny of that surplus.

4. while Bush was happy to bail out banks and his financial cronies he did very little to help homeowners who were destroyed in the melt down. To this day one out of three home owners is still underwater ..

[walrus]

Actually, I just looked out the window and America is here and doing fine, carry on.

[Xwetie]

From personal experience i think the states doing quite good at the moment, just look at the dollar its insanely high.

[SlimTrae]

Amazing how the nation is doing fine when previous president's agenda is scrutinized. Then as soon as we name the current prez; America is unrecognizable. America is doing fine and fucked up; at the same time, go figure.

[SlimTrae]

Only in America can 12 billion get sent to a country- it vanishes & we labeled those who questioned where it went as: Bush-bashers.

Damn I wish we could meet-grind both sides of the political parties into fertilizer. But... their fertilized remains probably would turn the soil toxic.
How the US sent $12bn in cash to Iraq. And watched it vanish | World news | The Guardian

Our military per CBO has lost track of over 58 airplanes. How the fuck does that happen?
Military waste under fire / $1 trillion missing -- Bush plan targets Pentagon accounting - SFGate

The Christian Science Monitor- has shown objective numbers. We are pulling out troops and replacing them with contractors. Who the fuck is paying these contractors? And why do so many of our military-might leave the service then go and work for a contractor afterwards? 152,000 servicemen vs 155,000 contractors according to the Christian Science monitor
A lesson from Iraq war: How to outsource war to private contractors - CSMonitor.com

The economy was so destroyed by this dude, not one. Not one candidate in 2008, 2012 stated how they could solve it. Even more ridiculous is when Bush went against conservative so-called values that claim home ownership is based on making the down payment. Makes since to me: cant afford a down payment, then how can you afford a home mortgage?

Well in 2004 what did the Senate & Congress approve of? The American Dream Zero Down payment act by Congressmen Tiberi. Stating the greatest barrier to owning a home is what? the down payment. Where the frick was the complaints to this kinda bill? Look at what it did to our economy! The housing crisis was fueled by this kind of passage.

Congress's Risky Zero Down Payment Plan Will Undermine FHA'sSoundness and Discourage Self-Reliance

The same shit-stained voters who loathe Fannie Mae & Freddie Mac- had nothing to say, when Republicans got into bed with them over this garbage. And Ron Paul alone stated in 2004- if we did this. Our economy would hit the tanker, because with this kind of loan? Taxpayers foot the bill on default.
Ron Paul - Predicted the housing bubble and crash which was the economic collaspe. (NAFTA, house of representatives) - Politics and Other Controversies -Democrats, Republicans, Libertarians, Conservatives, Liberals, Third Parties, Left-Wing, Right-Wi Not one Republican or Democrat sided with Paul. They were all in bed. Money made outta nowhere, turned into CDO's rolled up into a big shit roll. Like Chris Farley said in Black Sheep- "I can take a big dump in a box and mark it guaranteed, but all I've really sold you is a guaranteed piece of shit."

We bailed out airlines industry, the financial sector, started 2 wars with enemies that have no fucking allegiance to a nation, we funded medicare part D that is totally not paid for. we had more companies fall in 10 years than in 100. And of course R Allen Stanford claimed he made 8 billion, when he didn't. And then Bernie Madoff..never in World history has a man claimed 65 billion and didn't make 650 dollars and fifty cents. Add all this shit up & how can we make it up? No man can fix an economy that has those issues. NO man. Jesus where are you because we are all fucked up down here on earth.

[brocktonblockbust]

Slim that is a great post. And I dont wanna turn this into a Dem vs Repub thread cuz it aint about that in my opinion. I see no real difference worth a damn between the 2 parties. They are all on one club, and we aint on it! All bought and paid for by the corporations and special interest lobbies. Bush was a monstrous criminal, as is Obama. Pot and Kettle.

[brocktonblockbust]

hey believe me I wish I could just go right back to New Jersey or New York where I grew up and where I spent 40 plus years trying to make ends meet with the advanced degrees that I have from two different universities. I wish that I could go to New York and send out my resume which is quite stellar to be honest and immediately within three or four or five weeks to get two or three good interviews at Fortune 100 corporations in global marketing or international finance and trade which is what I studied when I earned my masters degree. I wish I could get a job at the same level as my education and that means a starting salary of approximately 60 thousand US dollars per year. However those jobs are simply not there. They have vanished. And rightly as Miles has said the only jobs out there are McDonalds, clerks, cleaning jobs, sales jobs, cashiers, and other menial service sector jobs such as working behind the counter at a wireless telephone store and trying to sell 500 minute plans to the walk in customers, answering phone calls from angry customers about there late shipments of 2/thirds steel head screws for industrial containers or something of this sort. I am definitely not jealous of anything like that!. Also chemical engineers computer programmers and any computer science always seem to be doing very well. But besides those three careers everything else is just glorified secretarial and clerical jobs where you are sitting in a little cubicle with your own computer and telephone taking calls from angry customers about their shipments of textiles or caviar or luggage or industrial barrels for $12 an hour. I am definitely not jealous of anything like that. Since the 1990s America has become a nation of clerks.

Hey want a job at Walmart stocking shelves at 2 a.m. for $9.50 an hour? Or maybe you want to be a home health aide for $8.75 per hour?

[ykdadamaja]

Actually the destruction of Wall street happened under Clinton. lolol... he was the one that deregulated.

[brocktonblockbust]

Actually the destruction of Wall street happened under Clinton. lolol... he was the one that deregulated.

yes he started that shit, right. But Bush took it to LEVELS UNHEARD OF.

[SlimTrae]

Actually the destruction of Wall street happened under Clinton. lolol... he was the one that deregulated.

Interesting take. I know I hold Clinton accountable for the NAFTA. LIke Bush's no child left behind act? Thats how I see NAFTA no jobs left behind act. In the end it was like we went from one scam to another: internet.boom-slash-bust to the housing boom slash bust. Total meltdown into a recession in 2000.

But..Only in America can a person call a woman a hoe, while rhyming words calling it rap music & make millions. Put on black makeup with 6 inch platform shoes , bite your tongue till fake blood oozes out..and get called a great American rock band (KISS). Become a celebrity overnight for cooking a dish on national telivision.

Only in America can a hoodlum learn to Bounce a basketball & do a 360 degree no-look dunk & get rewarded a hundred million. Drive cars in a circle & call it a sport (NASCAR)making millions.
Only in America can a doctor, teacher and soldier make minimum wage, while a rocksstar, pornstar & poker player make hundreds of thousands per performance.

Only in America can a millionaire lose their whole savingsby the end of day to the sound of a bell on Wall Street, while a broke as mofo spends their last dollar on a lottery ticket & wins 200 million.

America is the greatest-wonderful-most fucked-up, racist, atheist,christian-loving, crackpot place of benefits & detriments all rolled up into one.
Only in America where whites praise in the white churches -blacks in their churches, Hispanic in their own- speaking not a damn lick of english, then as soon as we worship God in our own racist domain- we come together at Lambea field the Lakers colliseum and root for athletes as one big schizo-happy family.

Truly there is no place on earth that can reward a person like America. Truly there is no place on earth that can strip everything away in the blink of an eye- like America.
Never was & will never be another place like America.

America is everything to love & loathe @ the same time.

[El Kabong]

No Child Left Behind was a "bipartisan" effort, W allied with Ted "DUI" Kennedy to pass that shit storm.......Common Core is even worse though, holy shit is that a bad way to teach kids.

IMO the teaching of children needs to be left for qualified teachers and developmental psychologists to figure out because politicians sure as fuck know nothing about it.



Also I wouldn't be shocked if we're headed towards another '.com' bubble as lots of stocks for these websites operate regardless of whether or not they produce anything....Facebook, Twitter....they produce nothing, Google doesn't even produce anything now that Google Glasses are done,

[brocktonblockbust]

Actually the destruction of Wall street happened under Clinton. lolol... he was the one that deregulated.

Interesting take. I know I hold Clinton accountable for the NAFTA. LIke Bush's no child left behind act? Thats how I see NAFTA no jobs left behind act. In the end it was like we went from one scam to another: internet.boom-slash-bust to the housing boom slash bust. Total meltdown into a recession in 2000.

But..Only in America can a person call a woman a hoe, while rhyming words calling it rap music & make millions. Put on black makeup with 6 inch platform shoes , bite your tongue till fake blood oozes out..and get called a great American rock band (KISS). Become a celebrity overnight for cooking a dish on national telivision.

Only in America can a hoodlum learn to Bounce a basketball & do a 360 degree no-look dunk & get rewarded a hundred million. Drive cars in a circle & call it a sport (NASCAR)making millions.
Only in America can a doctor, teacher and soldier make minimum wage, while a rocksstar, pornstar & poker player make hundreds of thousands per performance.

Only in America can a millionaire lose their whole savingsby the end of day to the sound of a bell on Wall Street, while a broke as mofo spends their last dollar on a lottery ticket & wins 200 million.

America is the greatest-wonderful-most fucked-up, racist, atheist,christian-loving, crackpot place of benefits & detriments all rolled up into one.
Only in America where whites praise in the white churches -blacks in their churches, Hispanic in their own- speaking not a damn lick of english, then as soon as we worship God in our own racist domain- we come together at Lambea field the Lakers colliseum and root for athletes as one big schizo-happy family.

Truly there is no place on earth that can reward a person like America. Truly there is no place on earth that can strip everything away in the blink of an eye- like America.
Never was & will never be another place like America.

America is everything to love & loathe @ the same time.

that is penis-sucking motherfucking puppy-chucking kitten-fucking CORRECT-O-MUNDO!!!