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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?


To: Honey_Bee who wrote (55553)8/17/2011 2:32:50 PM
From: locogringo1 Recommendation  Read Replies (1) | Respond to of 103300
 
...and I have some gold I am looking to give out to anyone.

I'll take some. :--)

Is the quality high enough to use in my front teeth?



To: Honey_Bee who wrote (55553)8/17/2011 5:40:42 PM
From: DuckTapeSunroof  Read Replies (4) | Respond to of 103300
 
Re: "Unemployment during President Bushs' administration was HALF what it is now"

Well... duh!

(Wasn't smack after a global financial collapse!)

Still... Bush may just be the worst President we have had in modern times....

I mean, has any President in American history left behind as much lasting damage as George W. Bush?

In addition to two unfinished (and unpaid for) wars he also set us on the path to our current financial mess.

He reduced tax revenue to it's lowest level as a share of the economy in the modern era yet RAISED spending during the same period.

The combination of reduced revenue and *increased* spending caused a devastating increase in federal borrowing....

In 2003 Bush pushed through a completely new federal entitlement: prescription drug coverage for Medicare. David M. Walker, then the Comptroller General, called 2003 "the most reckless fiscal year in the history of the Republic", adding some $13 Trillion in future entitlement costs".

(And that is before we even begin to total up the costs of the wars... which will be weighing on federal debt for another full generation at least.)

Utter disaster.

You know... the Bush era is called the "lost decade" on Wall Street because the decade saw NO increase in markets from start to finish.

NO net private sector job growth (only a piddling increase in government jobs), and NO increase in real wages for 90% of the people.

Goes down the history books as perhaps the worst record ever....