By almost every measure — GDP growth, jobs, median incomes,
financial-market performance — he stacks up as probably the least-successful
President on the economic front since Herbert Hoover. Let’s look at just only a few of his
blunders.
When President Bush took office in 2001, Republicans and
Democrats in Washington had built a strong consensus on the need for fiscal
responsibility. Bush blew that apart within a few months. With the country in a
recession, a temporary return to deficits was inevitable. But Bush's tax cuts
and spending increases — and clear disdain for the pay-as-you-go approach that
had brought deficits down in the 1990s — brought a return to permanent budget
deficits.
The cost of invading and occupying Iraq has been staggeringly
high — whether you believe the $3 trillion figure of economists writes about or
not. The costs continue to add up and up to the unforeseeable future.
The total public debt stood at $5.7 trillion on Jan. 20,
2001, the date of Bush's inauguration. And when he left, the total debt was
$10.6 trillion. Add these blunders to Large tax cuts for the wealthy averaging
almost$46,000 for the rich and only $227 dollars for the rest of us. I guess I could go on and on but what is the
point. I think it was all done on purpose. Here is my take on the whole eight
years.
Bush received major backing by large corporations because
they thought he could be controlled and to do what he was told to do. The Wealthy hate using their tax dollars for
programs like public schools, food stamps, college aid, Social Security and
Medicare ,to make a few. The Republicans
knew they could never get rid of these programs and keep their political power.
The had a plan to divide working people with social issues like interracial marriage,
gun control, gay marriage, and immigration.
The next step was to find a President Dumb enough to plunge
a country with giant surpluses into massive debt therefore making it necessary
to privatize ,eliminate, of reduce these social programs. Why else would a
Republican President, and his fellow legislatures, pass an unfunded program
like Medicare Part D.? They hate Medicare so why add to its benefits. I think
it was to swamp it with debt to the point of no return. The tax cuts and war in
Iraq were used as an excuse to spend the three trillion dollars of Social
Security surpluses. Their plan has
seemed to have worked.
If the Republicans take over all three branches of
government then they will implement the Paul Ryan Budget and privatize these
programs and then they will really be in the top ½%.
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