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I find a Hoover-FDR, Bush-Obama comparison interesting and worth a look. Rex Tugwell, top aide to FDR, admitted in his later years that FDR lifted most of his economic policy from Hoover. The Great Depravity - The Concord Square
Quote:
“We didn’t admit it at the time, but practically the whole New Deal was extrapolated from programs Hoover started,” admitted Rexford Tugwell.
I think that there is an amazing parallel between Bush and Obama. Bush ballooned the debt, Obama did it x3. Bush did Medicare part D, Obama did Obamacare.
That new debt is actually compounding interest on the bill Bush racked up.
not sure where you get those figures from, there is no way 0bama was suddenly paying over a trillion a year in payments on the debt. The interst payments on the national debt are about the same now as they were under the entire Bush presidency.
#2 It was the 1994 GOP contract with America that won the House based on promising a balanced budget.
#3 In November 1994 after the GOP won the House promising a balanced budget, Clinton publicly said he "opposed" a balanced budget.
#4 In January of 1995, Clinton publicly stated that the House's plan to balance the budget was not a priority.
#5 Clinton's economists came out publicly opposing a balanced budget and chastised the GOP for trying to do so, as it would hurt the economy.
#6 The President by law is to submit a proposed budget to congress. Not one of Clinton's budgets passed. The budgets that were passed were from congress. Not one of Clinton's budgets that were proposed to congress were balanced. In fact Clinton's 1996 proposed budgets projected a deficit of $190 Billion up to 2005...the GOP said this was not good enough and threatened a shutdown of Government. How can Clinton get credit for a balanced budget when every single budget he submitted on paper had deficits and never passed?
#7 Clinton benefited from the Baby Boomers being in their peak spending years and a NASDAQ and Housing Bubble that increased government revenues (temporarily - Housing burst under Bush, NASDAQ burst in Clinton's final months).
Please explain to me how Clinton single handidly balanced the budget again?
President Bush was a great president for the time. He was tough on terrorists and presided over a booming economy until the Democrats took over the Congress in 2007.
The Republicans are trying to make most Americans forget the oil price increases, loss of decent paying jobs and the endless vendettas created by the Bush Family. Unfortunately their efforts seem to be working.
Bush got bin Laden in 2011, even though he closed down the CIA's bin Laden operation in 2005. Obama just approved the GOP operation to snuff him and deserves no credit.
Iraq was Clinton's fault and Obama only ended it by doing what Dubya told him to do.
That Dubya...
He did one heckuva job, boys!
The level of denial and self-delusion required to actually embrace these notions should qualify one for mental disability.
How about applying for some of that government hand-out, fellas. You've earned it.
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