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"I know it's going to be the private sector that leads this country out of the current economic times we're in," the former president said to applause from members of a local business group. "You can spend your money better than the government can spend your money."
Repeatedly in his hourlong speech and question-and-answer session, Mr. Bush said he would not directly criticize the new president, who has moved to take over financial institutions and several large corporations. Several times, however, he took direct aim at Obama policies as he defended his own during eight years in office.
"Government does not create wealth. The major role for the government is to create an environment where people take risks to expand the job rate in the United States," he said to huge cheers.
On those points I agree with him. Government is creating the money and spending the money on creating more government jobs. Where is the recovery in that ?
Location: Partisanship Is An Intellectual/Emotional Handicap
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But his words are phoney, because his actions during his two terms contradict his words.
Coming from him, it's meanlingless. Read the whole article and the outlined deeds of GWB Jr.
" ...propping up the nation's bubble-banking system with some US$700 billion, much of which has never been accounted for and probably never will.
700 Billion dollars that will never be accounted for!!!!
" ....and he looked to gigantic federal programs for solutions to other sociopolitical problems as well. As he went, he expanded the national debt from US$5 trillion to US$10 trillion."
I'm certainly not an Obama supporter and Fan Club member. I don't have the Official Obama Fan Club 8" x 10" Glossy photo and galvenized membership card.
Like Greenspan did after the fact. Greenspan won't take blame but he's alluded to making bad judgement calls in thinking the banks could self-regulate.
But his words are phoney, because his actions during his two terms contradict his words.
Coming from him, it's meanlingless. Read the whole article and the outlined deeds of GWB Jr.
" ...propping up the nation's bubble-banking system with some US$700 billion, much of which has never been accounted for and probably never will.
700 Billion dollars that will never be accounted for!!!!
" ....and he looked to gigantic federal programs for solutions to other sociopolitical problems as well. As he went, he expanded the national debt from US$5 trillion to US$10 trillion."
I'm certainly not an Obama supporter and Fan Club member. I don't have the Official Obama Fan Club 8" x 10" Glossy photo and galvenized membership card.
I saw Obama coming .....from 100 miles away.
But Bush opening his mouth, here; is laughable.
Man, you ain't never lied... pot, meet kettle. At least Obama is spending at a time where it theoretically makes sense... most economists believe that the government has to spend to soften the recession; the debate has been how much is too much and are we spending in the right place... what was the logic behind W's spending? Such hypocricy.
Man, you ain't never lied... pot, meet kettle. At least Obama is spending at a time where it theoretically makes sense... most economists believe that the government has to spend to soften the recession; the debate has been how much is too much and are we spending in the right place... what was the logic behind W's spending? Such hypocricy.
Actually MOST non obama supporters Economists say this is what prolonged the depression of years ago. To just leave things alone and it will adjust itself.
Actually MOST non obama supporters Economists say this is what prolonged the depression of years ago. To just leave things alone and it will adjust itself.
They are in the distinct minority. The theory is out there but it is a fringe theory that is peddled mostly by libertarians who would want almost no government involvement in or regulation of private business.
But his words are phoney, because his actions during his two terms contradict his words.
Coming from him, it's meanlingless. Read the whole article and the outlined deeds of GWB Jr.
" ...propping up the nation's bubble-banking system with some US$700 billion, much of which has never been accounted for and probably never will.
700 Billion dollars that will never be accounted for!!!!
" ....and he looked to gigantic federal programs for solutions to other sociopolitical problems as well. As he went, he expanded the national debt from US$5 trillion to US$10 trillion."
I'm certainly not an Obama supporter and Fan Club member. I don't have the Official Obama Fan Club 8" x 10" Glossy photo and galvenized membership card.
I saw Obama coming .....from 100 miles away.
But Bush opening his mouth, here; is laughable.
He never spent 700 billion on banks. He spent 350 billion leaving 350 billion for Obama to spend on housing as the bill was sold to congress which Obama voted yes on. Now its Obama that si holdign up allowing those banks to repay the money. The rest of TARP is spent on auto bailouts that we may not see for along time or ever. Loan money to broke firms with no income is much the same thinking that got us in the housing crisis.
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