I absolve Bush because neither you nor anyone else has ever been able to point to Bush as the CAUSE of the recession, and because TARP, more than anything else, kept it from being worse than it was.
No more than you can prove that the stimulus saved a total collapse of the economy, well under way by the time Obama took office....Bush was in charge, it happened on his watch, just as did 9/11, wasting trillions and thousands of lives on the war in iraq, botching Afghanistan, putting in place another entitlement without any plan to pay for it, and so on.
Bush did NOT start the corrupt process that Obama used. I'm not sure where you got that idea.
It started exactly corruptly...Bush used TARP dollars and that those funds was never intended to be used as he did...but that's what he did and this is what he said. Today GM is profitable and its cars are the best the company has ever built.
Al
"If we were to allow the free market to take its course now, it would almost certainly lead to disorderly bankruptcy," Bush said at the White House, in remarks carried live by the national broadcast networks. "In the midst of a financial crisis and a recession, allowing the U.S. auto industry to collapse is not a responsible course of action. The question is how we can best give it a chance to succeed."
GWB |
