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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: Peter Dierks who wrote (44158)	7/14/2010 8:08:25 PM
From: RMF	1 Recommendation Read Replies (3) \| Respond to of 71588

What I read from that is that Bush's tax cuts cost us $1.7 Trillion and Bush's "voluntary" war in Iraq cost us $1.5 Trillion. Add that to the RECORD earmarks the Republicans came up with during their time running the government entirely and you can add another Trillion (even if the earmarks didn't amount to nearly that they certainly created an atmosphere where spending was O.K.). Then let's add the $60 Trillion or so that the lending institutions like Countrywide created in "unsecured" liabilties because the Republicans didn't want folks "over-regulated". They pushed getting rid of Glass Seagul and every other regulation the banks had any problem with. THAT forced us to put $750 Billion into TARP and also forced us to give loans to the automakers so they wouldn't just go down the tubes and put millions more on unemployment.