Sunday, August 21, 2011
Bush's fault my ass
It's Bush's fault my ass. How quickly people forget that it was under the Clinton administration the the housing bubble began, and under his administration that the the dotcom bubble flourished - it popped just before the 2000 elections & layed off hundreds of thousands of tech workers alone and instantly the "budget surplus" evaporated along with a few trillion in paper wealth. Just as we started to recover from that, 9/11 happened (Clinton had the intel on Bin Laden & chose not to interrupt his golf game to act on it) knocking the economy right back down into the gutter & forcing both the fed and and the government to act by cutting interest rates and tax rates to keep the economy moving (the Bush tax cuts). Follow that up with the 2006/2007 oil spikes that pushed the average Joe to give up food budget to pay 3x to 4x at the pump just to get to work jumped the price of food & damn near everything else, eventually translating into not being able to make mortgage payments & voila - the start of the housing bust....Next time some liberal Idiot wants to " blame Bush", I may just knock him/her the hell out....just sayin....
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