.............snip....
We know the Bush tax cuts eliminated the budget surplus his administration inherited resulting in new deficits, exacerbated by an expansion of the size of government and new programs. But did it cause the December 2007 crash? ThereÂ’s no way of knowing at this time. As with the Obama presidency, the GWB presidency will be evaluated and judged by later generations.
When the milk in my refrigerator starts to smell bad, I don't wait 10 years to throw it out.
On Monday, September 29, 2008, the stock market smelled like spoiled milk. Yet Presidential candidate John McCain smelled THIS : here was what he said leading up to that day:
"The fundamentals of our economy are essentially strong"
and over 50 million American voters chose to believe that.... even in November, 2008, when things had tanked, and those 50 million still voted for him, instead of the darker skinned guy with the funny name.
A few dozen of those Obama hating McCain voters seem to be here, still believing that McCain would have given them MORE tax cuts than Obama did, allowed all the banks and GM and Chrysler to fail and somehow miraculously saved millions more American jobs by ignoring GM and Chrysler, and bankrupting our economy sooner.
Some people, even as adults, seem unable to add two and two and get four.
You can hold your own opinion, folks, but you can't have your own cup of reality. Two and two are still four. We DID indeed have the worst recession since 1929, and McCain DID NOT see the problem that had come and set into the world economy, and still 50 million people voted for him. I haven't got a single clue as to why.