George Bush and the Republicans almost destroyed America, by deregulating the financial markets and borrowing billions from China to finance a useless war.
Everyone knows that the financial markets were deregulated during the Clinton administration. There was a great article in the Rolling Stone describing the AIG debacle & the below is now a FAMOUS article.
If there is any American that doesn't understand what happened & when by now, their IQ has got to be below 70. You really don't want to look this stupid.
Fannie Mae Eases Credit To Aid Mortgage Lending - NYTimes.com
The federal government is directly responsible for the current unemployment in this country & millions of Americans losing their homes. They in effect through Fannie/Freddie decided to co-sign our names to 50% of the mortgages in this country--while lowering lending requirements--& using sub-prime mortgages in their "everyone deserves homeownership policy." Wall street bought these mortgage backed securities & then started trading them in the black hole called hedge funds aka derivitives--also known very well in the 1990's. One single woman pointed this out to Allan Greenspan & then treasury secretary Robert Rubin--& they both ran her out of town on a rail. They completely ignored her warnings. Banking boards in the Clinton & Bush administration continued to ignore all the warnings & this all resulted in a collapse of banking--Wall Street & now us--main street.
If you don't understand this by now, you really shouldn't be on any political board.
Ah, if this is all true, why didn't Bush and Cheney fix the problem? In 2000, immediately after the Supreme Injustice gave them the White House, president 'elect' Bush & VP 'elect' Cheney walked hand in hand (almost) to the podium and gave a press conference. In that press conference they blamed the Clinton Administration for a recession, causing fear in the population, which exacerbated an economic slowdown.
Of course they did so to justify a large tax cut, which benefited the few (never did trickle down) and not the many. But, I digress.
If Bush/Cheney didn't fix what they alleged Clinton broke, why the **** are they given a pass? That had 8 years and managed to really FU not only our economy, but further divided the nation (something the former VP continues to do for self serving purpose).