The Epic Fail of Bush and Cheney that led to the recession

[bripat9643]

Trashing the economy is something the right wing are pretty good at. Along with increasing the debt and deficit.

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"The worst economy since the Great Depression"

Who said that?

 

[bripat9643]

They still dont have a way to refute facts. they simply sidestep them with propaganda.

Libtards have no facts.

 

[bripat9643]

They still dont have a way to refute facts. they simply sidestep them with propaganda.

Well yeah..of course. Enron, Worldcom, Tyco, Bear Stearns, Arthur Anderson, Lehman Brothers and the whole banking collapse happened on Bush's watch.

Wrong, dipshit, they happened on Clinton's watch.

I love it when libtards prove what complete ignoramuses they are.

 

[Zona]

I say, the day Obama took office as president, everything that was going on and everything that happened in the two years after, was his fault.


Day one dammit. None of this is bush's fault. None of it. The whole we almost got into another depression thing bah blah...its all Obama's fault.

 

[Mr. Shaman]

They still dont have a way to refute facts. they simply sidestep them with propaganda.

Libtards have no facts.

Yeah.....we've got it kinda easy.

We only have documented-HISTORY on-our-side.....​

January 13, 2008​

"The recession-deniers were muzzled by a horrendous last two weeks of December, and the gloom-and-doomers are now out in force. Their key arguments:

* Plummeting housing will now drag down the rest of the economy.

*The "bad debt" problem is not just "sub-prime" folks who should never have have taken out mortgages in the first place. It includes credit card debt, "high quality" mortgages, car loans, and other leverage that have recently become a consumer way of life.

*Pressure on consumers is leading to a reduction in consumer spending (70% of economy), which, in turn, will lead to a reduction in spending by companies that sell stuff to consumers.

*The question now is not "will there be a recession?" but "how bad will it get?"

*The most optimistic forecasts in a NYT gloom-and-doom round-up are for three crappy quarters, regardless of what the Fed does. Less optimistic forecasts suggest that we are, well, screwed.

After blowing the last downturn, we've been worried this one since last summer (see below). We also suspect that, given the importance of housing to the economy and debt to consumer spending, the recession will be deeper and more prolonged than people think."

"U.S. Economy Screwed"​

Hit the road, Skippy.​

 

[Zona]

Wont even take responsibility for his own disasters.
Former vice president Dick Cheney was on CNN’s State of the Union today, and he absolved himself, the Bush administration, and the Republican Party of any blame for the economic crisis. Instead, he blamed Barney Frank, and Chris Dodd, but press releases from the Bush administration say otherwise. In their own words, here is why Cheney and Bush should be blamed for the economy.

Host John King asked Cheney if the Bush administration left Obama with an economic mess. Cheney answered, “Well, I don’t follow the news quite as closely as I once did. But there’s no question that what the economic circumstances that he inherited are difficult ones. You know, we said that before we left. I don’t think you can blame the Bush administration for the creation of those circumstances. It’s a global financial problem. We had, in fact, tried to deal with the Fannie Mae and Freddie Mac problem some years before with major reforms and were blocked by Democrats on the Hill, Barney Frank and Chris Dodd.”

Why Cheney and Bush Should be Blamed for the Economy


J. Miller Rampant!: The BUSH-CHENEY RECESSION/DEPRESSION: In Charts

Bush;s only mistake was appointing Ben Bernanke head of the the Fed.
What is Obama's excuse for not getting us out of the recession, like he promised?
Blame Bush. How original!

We are in a recession? Call Fox!

 

[kaz]

Former vice president Dick Cheney was on CNN’s State of the Union today, and he absolved himself, the Bush administration, and the Republican Party of any blame for the economic crisis. Instead, he blamed Barney Frank, and Chris Dodd

You're right, they clearly do share blame with Barney Frank, Chris Dodd and the Democrats. They went down the path hand in hand. For either side to try to absolve themselves from this mess is disingenuous finger pointing

 

[kaz]

Day one dammit. None of this is bush's fault. None of it. The whole we almost got into another depression thing bah blah...its all Obama's fault.

And now over two years later, none of this is Obama's fault. None of it...