Robatoy wrote:
On Jun 8, 4:52 pm, "HeyBub" wrote:
And if you can blame Bush for what happened during the last 100 days of his
administration, then you've got no complaint when criticism is leveled at
the first 100 days of Obama's.
That, of course, is a crock of ****.
Bush had the best part of 7 years to take a run at his last 100 days,
as opposed to Obama who got the aftershocks AND he started from
scratch.
To compare both is ludicrous.
I can't believe you made that comparison.
r
OK, so with what do you disagree:
1) Bush had over 5 years of quarter-over-quarter growth.
2) The Dems took over Congress and in less than two years
the growth stopped.
These are both factual statements BTW, but I am less inclined to a
cause-effect relationship in 2) than the political Right believes. The
underlying problem here started way before Bush was every in office.
It has its roots in the neverending evil of believing that government
should be in the "social justice" business and that government can
ignore economic reality - to whit, that it could jigger the financial
system to "encourage" lending to low income earners, crack whores, and
other Democrats and that there would be no consequence to such a
program. The people who affirmed such programs were dead wrong. It's a
tribute to the strength of our markets and the power of Capitalism
that it took as long as it did to crater. In short, this is not a
"Bush" problem. It is a "stealing from some to give to others" problem
that's been around well over 5 decades.
BTW, Obama did not "start from scratch". He exploited an economic
problem to implement his quasi-Marxist lunacy. There were far less
overreaching ways the government could have engaged with the economy
other than taking everything over. Even assuming that the credit
liquidity problem was as bad and dangerous as claimed, Obama could
have had his silly little bailouts without also signing up for the
biggest pork spending bill in history.
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Tim Daneliuk
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