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 ..