Y do Bush Fans Brag about his Economic Failure?

Question

For example when his policies tanked the country and skyrocketed the debt, Greenspan cut the interest rate to save the nation from shrub and people rushed to ReFinance and Finance new homes.

BUSH then Crowed and bragged about his High Home Ownership "Victory".

Even sadder: Thousands of those 'sweet deal' adjustable rate loans that people rushed to secure with their childrens blood, are now coming home to roost. Foreclosures are at a high.

note: also the unemployment rate appears manageable because people are taking two "gigs" after losing their career job.

to rmisback: ahaha Im "learning something" alright. Alot of us are.

Oh lord..... did I mention credit card debt in the last 6 years!!! yea people are "spending" alright. gotta eat.

The Bush Fan Playbook:
1. insult Clinton
2. state some academic non sequitur
3. nuance and blame Clinton again.
4. insult me with a "do you know anything!" type insult.

Answer 1

don't you love Bush fans?

a couple of points here...

A. If a presidents economic policy takes years to come into effect... I guess Jimmy Carter is responsible for the growth in the 80s? Wow, I didn't know that? Or is that rule only for Republican presidents? hahaha... you guys sure can make up some crap...

B. I see a lot of growth in the high levels... but I'm not seeing any trickle down... even in today's story about government earnings increase it said:
"Impressive profits and big income gains by the wealthy are largely responsible for the surge in revenues and, in turn, the deficit drop."

so, that's great if you're in the top 10 percent... but I guess the other 90 percent should be happy for you

http://news.yahoo.com/s/ap/20060711/ap_on_go_pr_wh/budget_deficit;_ylt=AilVnjqjWdv3e4RaA.VhSLKyFz4D;_ylu=X3oDMTA0cDJlYmhvBHNlYwM-

Answer 2

You mean the 18 straight quarters of growth? The current 5.6% growth rate? The millions of jobs created in the past 3 years? The 4.6% unemployment rate? The increased tax revenues due to the economic growth? Those 'failures'?

After Bush inherited a recession from Clinton, followed 8 months later by the economic shockwaves from 9/11, it was his tax cuts, and the interest rate cuts that jump started the economy. Sure there was an initial high budget deficit, but that is shrinking rapidly with each year. It was absolutely necessary.

What do you think our economy would be like if there had been no tax cuts or rate cuts? It would be awful. Do you understand economics at all?

Answer 3

If Bush hadn't defended the petrodollar the U.S. economy would be in a far worse state. If oil was no longer denominated in U.S. dollars then you would really be talking about U.S. economic disaster multiplied many fold. So while not defending his actions, which do present rather of a moral dilemma for Americans... In a round about way, he preserved U.S. power and the U.S. dollar, which has postponed the day of judgement for the U.S. economy. There isn't much anyone can do about judgement day at this point. It's now if, but when. Eventually the U.S. will have to pay the Piper. Fanning the fires of blame doesn't really accomplish anything worthwhile.

What can you do with what you have to make a difference for those who are being taken advantage of in the world?

Answer 4

Gosh, I sure wish I lived in Europe instead, where they are living the types of economic policies you love. I could enjoy the 10% unemployment rate and riots over youth unemployment they are getting. Bush had some disastrous situations (first of which were the Clinton policies) thrust on him, and did a good job of guiding the reforms (he didn't personally push a button, but did set the economic direction) which have the US in this great economic situation quarter after quarter. Whine all you want, but 99% of the earths population would gladly trade places with even those considered to be living in 'poverty' in the US with their color tv, microwave, air conditioning, and car. Everything's relative.

Answer 5

i dont think there are as many bush fans as you think. His ratings are very low.

when clinton was in office the country was actually paying down over a trillion dollars in debt. Now since June of 2001 or something the deficit has grown 7 percent every year that man has been in office.

The housing market is skyhigh right now, even to rent a house in new jersey its over 1200 a month and thats just for a 2 bedroom condo!

Answer 6

Economic Failure? Then why is the GDP growing at about 5% a year? This economic expansion has resulted millions of new jobs being added. That money gets put back into the economy in the form of spending which conties to fuel economic expansion via the multiplier effect. Lowering of interest rates to stimulate the economy is one of the tools the FOMC uses to controll money supply and inflation.

Answer 7

If you had bothered to take Gov 101 and Econ 101 (and passed the courses) you'd know the President has little if any control over what the economy does.

But then I'll wager you don't pay off your credit card at the end of the month, you owe money on your house, car (maybe plural), and even that big screen TV.

I'd tell you to read Dave Ramsey books but you wouldn't listen.

Answer 8

It takes 8-10 years for an administrations economic policies to effect the nation. You can thank Clinton for for what we're going through. You can thank Reagan for what we had during the Clinton adm. Bush tried to do what Reagan did and if we get another lib in the office by the time we reap the affects of Bush's plan guess who the idiot masses wiill thank? Of course Bush was no Reagan and didn't accomplish near enough for us to see the changes like we would have if he could have dealt with congress like the great Ronald Reagan.

Answer 9

Why are you Bush haters so jealous of Him. All you can think of is to try to falsify information about finance and budget and interest rates and of course the economy. You know full well that everything is doing great under his command, you just hate him so much that you are blinded by your own deceit and deceptive antics. I feel sorry for those who are so narrow minded because you waste your valuable time on unproductive activities like bashing Bush. You could be volunteering in homeless shelters, hospitals, meals on wheels, and many other volunteer programs in your neighborhoods. These types of activities would make you feel like you have accomplished something genuine for the greater good of humankind.

Answer 10

Because Bush fans don't want to admit that he's put taxpayers TRILLIONS of dollars into debt, which will almost certainly result in a severe depression shortly after he leaves office. His failed economic policies and costly "war on terrorism" has practically maxxed-out our national credit card; and when China (our biggest creditor) snips the credit card in half, it will simply come over here and take whatever it wants: real estate, assets, weapons of mass destruction, military hardware, oil, coal, gas, ore, and any other natural resources it needs for its own people.
We will then become a two-tiered society with a handfull of very, very rich - and (the rest of us), the very, very poor. Your grandchildren and great-gradnchildren will pay the price for this George Bush folly while he rests comfortably in his grave. -RKO-