Bush spent less than half of the $780 billion requested for the bailout.
He also had two key fiscally conservative stipulations to his bailout actions:
1. All money must be paid back
2. Money must be paid back to taxpayers with interest.
Those features do not exist in democrat/Obama spending actions.
Incidentally, the bank bailout has been paid back and with interest just as Bush promised.
The blind rage of Republican=Democrats is one of the most serious threats to the republic.
Bush was reducing the deficit three years in a row until democrats took over congress in January 2007. Democrats uncorked fannie mae and freddie mac and directly caused the housing crash destroying 6 trillion dollars in assets for homeowners.
Even in this thread the ridiculous gloss about Clinton boom is offered. One can easily see in the past twenty years or more a simple correlation between democratic control of the federal government and spending madness.
Republicans gained strong control of Congress from 1994 through 2000. That controlled spending and Clinton’s fiscal madness [which included hopes of passing massive health care bills]. That produced growth. That reduced the debt.
I am fine with people wanting ‘more conservative’ reps but I am fed up with the Republican = Democrat mantra. Its obvious both in Congressional realities and Presidential realities.
The democrats have long done massive fiscal damage to the nation and presently hold the economy in a catastrophic tailspin. FR endlessly repeats the mantra: they’re all the same.
Actually, they’re not.
” Bush spent less than half of the $780 billion requested for the bailout.
He also had two key fiscally conservative stipulations to his bailout actions:
1. All money must be paid back
2. Money must be paid back to taxpayers with interest.
Those features do not exist in democrat/Obama spending actions.
Incidentally, the bank bailout has been paid back and with interest just as Bush promised.
The blind rage of Republican=Democrats is one of the most serious threats to the republic.”
Smoke
What was the national debt in 2001, and what was it in 2008?
(Pre-crash)
” . Democrats uncorked fannie mae and freddie mac and directly caused the housing crash destroying 6 trillion dollars in assets for homeowners.”
The banks didn’t start full throttle on sub-prime until 2002. THe banks/mortgage companies then opened the floodgates from 2002-2007. Bush gave a half hearted attempt to slow it down, but when rebuffed, he jumped on the sub-prime bandwagon. FReeper Sickoflibs saved the proof if you want it.
” Even in this thread the ridiculous gloss about Clinton boom is offered.”
There was a boom, and Clinton lucked out. He had nothing to do with any of it. No “gloss” here.
Also, why do you suppose W hasn't come out strong, or AT ALL, on the excessive DC spending being approved by Dims AND Repubs?
I've heard all of the "Well, W is too gracious to comment about another admins policies". Our country is being destroyed at warp speed....a patriot would try and put a stop to it...or, at the very least, say something disapproving.
It's long boggled by mind how W can just sit by, quietly, while our country spins further into Marxist destruction.