Bush holds the records for largest deficits.

[Crossfire600]

I am so tired of the "It's Bush's Fault" excuse to justify the village idiots imminent destruction of the greatest country on the face of the planet....

I apologize for not reading all the posts between the first post and this post..

But.. Please tell me someone pointed out to the original poster that

a) The President can not pass a budget
b) The House must vote to pass a budget
c) The Senate must vote to pass a budget
d) All the President can do is present a budget for a vote by b and c
e) and this one is important.. The house and senate were majority Democratic during these times.. There were some independents but they sided with the Demorat's

Anyone can post numbers, anyone can make them look like they want them to look.

Now to address all the spending the village idiot is doing now.. and he does so under the smoke and mirrors he has to to "save us all"....

Bush actually saw the problem with Fannie and Freddie but the Democratically controlled house and senate refused to do anything about it.. That would be Bawney Fwank (Moron) and his minions.

I read a post on another forum (yahoo or something) of a guy that nailed it clearly. I post this again giving him credit. The original poster asked the question whether or not Bush caused the housing market crash..

Like I said, this guy nailed it right on the head!

He didn't, that was just another baseless charge among many that was leveled at Bush in an attempt to discredit and marginalize his administration. When Carter and Congress created HUD, it was the beginning of nearly of 30 years of abuse and control by the Democrats that culminated in the collapse of 2008. In 1993, Frank, Dodd and Clinton removed regulations that kept banks from making certain investments. In 1998, Clinton signed the bill removing regulations from the sub prime housing market. Using Fannie, Freddie and HUD, the administration urged banks to loan to low income home purchasers. Banks under the threat of discrimination of law suits from HUD made the loans to avoid litigation from the government. Fannie and Freddie bundled the weak or poor securities with AAA securities and sold them as AAA bundles. Frank and Dodd benefited from sweetheart deals through lenders and used their political power to defend and protect Fannie and Freddie from being investigated by Congress and the Bush administration. The result is now the historic crash of our entire financial system. Obama and the Democrats blamed the banks, but the real responsibilities lie with Frank, Dodd and the Democrat legislators who blocked regulation from being reinstated.

[buzzards27]

you got the order of proof twisted around there pal, you made a completely unsupported assertion and I'm supposed to disprove it??? how about you prove it?

did spending go down any time under Clinton? Yes spending as a percentage of GDP shrank, but that was a result of GDP growing faster than spending, not that spending going down, it just grew slower than it had in the past and tax receipts and GDP grew.

It is good to hear a [MOD CUT] admit that EFFECTIVE tax rates are what count and not what the published tax rates say. Good beginnings. But raising the top rates that the wealthy pays doesn't lower the effective tax rates for them. Clinton's Omnibus Bill might have lowered the overall effective rate but the top earners paid a greater share.

CLINTON'S ECONOMIC PLAN - Impact on Individuals - Middle Class and Wealthy To Bear Brunt of New Taxes - NYTimes.com

President Clinton's new tax plan reaches into the pockets of a broad swath of Americans, increasing income taxes on the rich, hitting the middle class with a new energy tax and raising taxes on Social Security benefits of the affluent.

Originally Posted by pghquest

Wrong again.. Clinton raised the marginal tax rate but LOWERED the effective rate, which is what matters. Why is it the only one that matters? Because its what EVERYONE pays..



clearly you need to re-read the chart because it was SPENDING TO GDP shrinking. It was not debt to GDP..

and yet you havent been able to dispute one thing I stated here.. Still waiting for your evidence that Obama DIDNT spend the money he said he did in 2009..

[buzzards27]

it is too bad Bush didn't see the problem with the derivitives and junk wall street was playing with. It is too bad he didn't see Wells Fargo, Bear Stearns, Goldman's, Merrill Lynch, Stanley Morgan, Countrywide, AIG, Wachovia and all the others... Almost every one of the biggest financials in this country about to collapse, over two hundred US banks ultimately failed and Bush didn't see it coming. Just like he didn't see Bin Laden coming....

• Bush signed $168 billion economic stimulus in Feb 2008,
• The economic recovery act with $300 billion in loan guarantees in July
• takes over and guarantees $6 trillion in Fannie/Freddie assets
• the fed hands AIG $85 billion
• Tarp with its $700 billion handout for bankers' bonuses
• wall street market cap drops over 40% off its high costing investors $8.4 trillions ($17 trillion worldwide)
• Fed hand the banks another $900 billion in loans in Oct 2008
• Fed hand the big businesses $1.7 trillion in loans in Oct 2008
• Fed hands out $540 billion to buy short term debt in Oct 2008
• Fed hand the banks another $800 billion in loans in Nov 2008
• FDIC will burn through $100 billion for insolvent banks

I might have missed a few.... No wonder why you [MOD CUT] want to put your blinders on and only look forward....

Originally Posted by Crossfire600

I am so tired of the "It's Bush's Fault" excuse to justify the village idiots imminent destruction of the greatest country on the face of the planet....

I apologize for not reading all the posts between the first post and this post..

But.. Please tell me someone pointed out to the original poster that

a) The President can not pass a budget
b) The House must vote to pass a budget
c) The Senate must vote to pass a budget
d) All the President can do is present a budget for a vote by b and c
e) and this one is important.. The house and senate were majority Democratic during these times.. There were some independents but they sided with the Demorat's

Anyone can post numbers, anyone can make them look like they want them to look.

Now to address all the spending the village idiot is doing now.. and he does so under the smoke and mirrors he has to to "save us all"....

Bush actually saw the problem with Fannie and Freddie but the Democratically controlled house and senate refused to do anything about it.. That would be Bawney Fwank (Moron) and his minions.

I read a post on another forum (yahoo or something) of a guy that nailed it clearly. I post this again giving him credit. The original poster asked the question whether or not Bush caused the housing market crash..

Like I said, this guy nailed it right on the head!

[workingclasshero]

debt when bush left office...10.5 trillion

debt today...14.8 trillion

obama has added more debt in the least time than any president IN HISTORY

[buzzards27]

sorry, the government works on fiscal year basis. During bush's 8 fiscal years he doubled the debt, to something around $11.909 trillion. That my friend is about $6 trillion in ADDED debt under Bush II. By far the RECORD.

Originally Posted by workingclasshero

debt when bush left office...10.5 trillion

debt today...14.8 trillion

obama has added more debt in the least time than any president IN HISTORY

and you are WRONG, as of 3/29/2011 the total debt was $14.215 trillion. Obama added $2.3 trillion and change to the nation debt in a year and a half.

[sunnyandcloudydays]

Numbers are astonishing