healthmyths
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- Sep 19, 2011
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George Bush presided over the greatest era of financial lawlessness since the Gilded Age. He used the Housing Market to stimulate a dead economy by loaning money into the economy on the backs of people who had no downpayment, no collateral and often no job. Under his guidance, any impediment to mortgage lending was suppressed. Under his leadership, the most corrupt and unregulated derivatives market in world history flourished - until it blew up and destroyed the lives of millions. When Bush was begged to pressure Greenspan to raise rates and cool the bubble, he simply turned a deaf ear.
The Bush job growth numbers are the worst of any president since Hoover.
Jobs created during U.S. presidential terms - Wikipedia the free encyclopedia
Obama inherited the greatest mess of any president since FDR, yet his job growth has eclipsed Reagan's
Click this Forbe's article...
Obama Outperforms Reagan On Jobs Growth And Investing - Forbes
Once again, a great democratic leader saves capitalism from itself.
Discuss.
You wrote: "to stimulate a dead economy "
This "dead economy".. would it be because of:
A) Dot.com bust the bubble started under Clinton... $5 trillion in market value WIPED out... 400,000 jobs GONE
B) Recession that started under Clinton officially beginning 3/2001 ended 11/2001...
C) 9/11 started under Clinton with the Gorelick Memo that forbid CIA from sharing with FBI the bombers existence.. cost $2 trillion 150,000 jobs in NYC!
OH a minor event called 9/11! Geez 3,000 people died, $2 trillion in damages, 18,000 businesses gone and YOU forget that???
4) Worst WORST hurricane SEASONS NOt just Katrina... that cost
10 Costliest Catastrophes in the U.S. - Slide Show-Kiplinger
10. Hurricane Rita 2005
8. Hurricane Ivan 2004
7. Hurricane Charley 2004
6. Hurricane Wilma 2005
5. Hurricane Ike 2008
1. Hurricane Katrina 2005...
And if this is a dead economy...
GWB had the Largest Gross Domestic Product in history!!
When Bush took office in 2001 GDP was $12.355,271,000,000
when Bush left office in 2008 GDP was $14,359,490,000,000
A 16% increase in GDP or $2 TRILLION.
YET Bush at the end of 2000 the average for the year was 131,785,000 fully employed...
At the end of 2008 the average for the year was 136,790,000 full employed and THAT is A FACT!
That means from end of 2000 to the end of 2008 there were 5,050,000 more employed!
These are exactly what the Bureau of Labor Statistics REPORTED.
http://www.citizen.org/documents/Historical_employment_data.pdf
All of these events from a "dead economy"... Right!!!