Rigby5
Diamond Member
LOLOLThe biggest propaganda lie ever concocted and foisted upon the American people is the lie that Bush caused our economic crisis. He did not.
Before the Democrats took Congress in 2007 unemployment was 4.1%, gas was $1.70 a gallon, and the economy was expanding.
Then the Democrats took Congress in 2007 and promptly destroyed the economy. When Obama became president in 2009 he made it twice as bad.
Let’s do a little math here:
Bush was president for 8 years, from 2001 to 2009.
As I said, in 2007 unemployment was 4.1% and the economy was expanding. That is SIX years into the Bush presidency mind you - SIX OUT OF EIGHT. (And BTW: 4.1% is almost perfect since there is no such thing as a 0% rate.)
Now, can anyone explain to me why the first six years of the eight-year Bush presidency was just fine, and then magically, when the Democrats took over Congress, the economy tanked? Simple: The Democrats took power. When they took power they pushed their social engineering policy of trying to let minorities who wants to own a house own a house whether they could afford it or not. All the bad loans the banks made, they were browbeat into that by the Left. And THAT was the first domino in line to fall.
As I said: The biggest propaganda lie ever concocted and foisted upon the American people is the lie that Bush caused our economic crisis. In fact, Democrats did, with policies that can find their genesis in the Clinton years
Stay tuned for Part Two.........
Good Bush economy attacked, bad Obama economy ignored by media
Obama didn't end the Great Recession that Bush didn't cause - AEI
Fucking moron.... a huge number of toxic subprime loans cratered the economy. You are completely brain-dead to think those loans were written in 2007.
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Yes, it should be clear that the real estate collapse of 2008 was due to Bush, not Obama.
Not only did all the toxic derivatives get created during the Bush administration, but also Bush added trillions to the national debt, creating a credit shortage that precipitated the whole world wide collapse.
The only blame that goes to democrats is Bill Clinton's repeal of Glass-Steagall, allowing banks to hide shaky mortgages in those federally guaranteed, toxic derivatives.