No, that's not what happened, President Bush's last budget began October of 2008, and president bush signed SEVERAL APPROPRIATION bills keeping the government running at the previous year's budget level to bring us through at least the first 6 months of his fiscal budget for the year, along with signing the bills to provide the $800 billion dollar Wall Street-ers, Lehman's bailout, the auto industry bail outs, the bears and sterns bail out, the fannie and freddie bail outs and more. The appropriations bill that Obama signed after half of Bush's fiscal year was over and done with, and the rest was set in place, was the same bill that Bush would have signed and matched Bush's budget that he turned in to Congress, with very very MINOR changes that added near nothing to the fiscal year spending.Sadly, you are extremely uninformed.YOU IDIOTS that seemingly have forgotten THESE EVENTS!!!!
ANSWER ME! Did these events occur or NOT???
BUT under Bush, events that totally ignorant LIPs like you forget that NO other President in history had to face in their terms!
1) Are you aware that a recession started under Clinton and became official 3/01 ended 11/01?
Source: USATODAY.com - It s official 2001 recession only lasted eight months
A Major $5 trillion market loss
2) Are you aware that the dot.com bust occurred and cost $5 trillion in losses?
According to the Los Angeles Times, when the dot-com bubble burst, it wiped out $5 trillion dollars in market value for tech companies. More than half of the Internet companies created since 1995 were gone by 2004 - and hundreds of thousands of skilled technology workers were out of jobs.
Source: The dot-com bubble How to lose 5 trillion Anderson Cooper 360 - CNN.com Blogs
The worst attacks on the USA in History.. 3,000 deaths!!!
3)Obviously most of you are UNAWARE 9/11 cost 3,000 lives, $2 trillion in lost businesses,market values assets.
Jobs lost in New York owing to the attacks: 146,100 JUST in New York.
Year 2001: September 11 Terrorist Attacks
The 9/11 terrorist attacks were the events that helped shape other financial events of the decade. After that terrible day in September 2001, our economic climate was never to be the same again. It was only the third time in history that the New York Stock Exchange was shut down for a period of time. In this case, it was closed from September 10 - 17. Besides the tragic human loss of that day, the economic loss cannot even be estimated. Some estimate that there was over $60 billion in insurance losses alone. Airlines didn't fly for 3 days!
Approximately 18,000 small businesses were either displaced or destroyed in Lower Manhattan after the Twin Towers fell. There was a buildup in homeland security on all levels. 9/11 caused a catastrophic financial loss for the U.S.
Source: The Top 10 Financial Events of the Decade
Year 2001...
The 2001 anthrax attacks in the United States, also known as Amerithrax from its Federal Bureau of Investigation (FBI) case name, occurred over the course of several weeks beginning on Tuesday, September 18, 2001, one week after the September 11 attacks. Letters containing anthrax spores were mailed to several news media offices and two DemocraticU.S. Senators, killing five people and infecting 17 others. According to the FBI, the ensuing investigation became "one of the largest and most complex in the history of law enforcement".[1]
4) $1 trillion in losses due to the WORST Hurricane SEASONS in history.
The worst, Katrina made landfall in Louisiana as a Category 3 in 2005. It took 1,836 lives and caused $81.2 billion in damages. It quickly became the biggest natural disaster in U.S. history, almost destroying New Orleans due to severe flooding.
Rank Disaster Year Deaths Damage* $250 Billion in damages in the 8 disasters of the top 15 disasters in history!
1. Hurricane Katrina (LA/MS/AL/FL) 2005 1833 $133,800,000,000
6. Hurricane Ike (TX/LA/MS) 2008 112 $27,000,000,000
7. Hurricane Wilma (FL) 2005 35 $17,100,000,000
8. Hurricane Rita (TX/LA) 2005 119 $17,100,000,000
9. Hurricane Charley (FL) 2004 35 $16,500,000,000
12. Midwest Floods 2008 24 $15,000,000,000
13. Hurricane Ivan (FL/AL) 2004 57 $13,000,000,000
14. 30-State Drought 2002 0 $11,400,000,000
Costliest U.S. Weather Disasters Weather Underground
THESE events OCCURRED!
YET in SPITE of these events:
a) 400,000 jobs due to Hurricanes Katrina/Rita ,
b) 2,800,000 jobs in alone due to 9/11,
c) 300,000 jobs lost due to dot.com busts...
In spite of nearly $8 trillion in lost businesses, market values, destroyed property.. IN SPITE of that:
AFTER the tax cuts
AFTER 9/11...
AFTER worst hurricanes..
AFTER Recession...
Federal Tax REVENUES Increased
an average of 9.78% per year!!!
Government Revenue Details Federal State Local for 2008 - Charts
SO PLEASE TELL THESE EVENTS DID NOT IMPACT our country?
TELL ME GWB is NOT a GREAT President that handled these events and NOT ONCE NOT ONCE
say: "military is air-raiding villages, killing civilians"!
NOT ONCE said he preferred higher gas prices, or that companies go bankrupt or utilities skyrocket!
NEVER would Bush want America to fail as Obama wants America to fail!
You list a mild recession in 2000-2001 as an excuse for Bush's disastrous president,
but you completely reject the idea that the deep recession of 2007-2009 had any impact on the Obama presidency.
That makes you an asshole, and a retard.
IF Obama had done as President GW Bush did with his recession, The the economy would be roaring by now.
Bush cut taxes and the recession disappeared, Obama went on a wild spending spree, to the tune of a $1.4 trillion deficit the first year as President, and the effects of the recession are STILL with us.
Obama STILL has his boot on the throat of the American economy.
The 2009 Budget was President Bush's presidency, and counts as the last, the 8th year of his fiscal Presidency, the 4th fiscal year of his second term.
(yes, President Obama did affect the spending, by only $160-$200 billion of the $1.400 trillion dollar deficit, with only a portion of his stimulus package being spent before the fiscal year end on September 30th, 2009. But in January, before Obama even took office, the CBO and the GAO both estimated the GWB 2009 fiscal budget would be over a trillion dollars in deficit.)
President Bush did not give those tax cuts to end a recession that was already ending on it's own....President Bush gave those tax cuts because the GAO / CBO estimated that we would have a $5.6 trillion dollar budget SURPLUS over the next 10 years and President Bush, and the Republicans said "that this was the tax payer's surplus and they should get it back in an income tax break and a Capital gains etc tax break", of course we were never really told... and it was never focused on that this estimated surplus, was coming from the Social Security taxes they collected from us working class individuals, it was a social security tax surplus that was meant to be for the retirements of the Boomers and not an income tax budget surplus estimated, only to give half of the tax break monies back to the very people at the very very top who didn't pay a dime in to those Social Security Surpluses...)
Truly, it is much much more complicated than the one liner you and many others from the right side of the aisle have posted.
And those tax cuts of President Bush's were set to expire, and they were EXTENDED for a few years on all of them and forever on most of them for the middle class, which IS the equivalent of giving tax breaks, along with the fact that the Obama stimulus was made up of nearly 30% in additional temporary tax breaks.
So "tax breaks" is not this simple 'miracle solution' to ending the greatest recession we've ever had...
We've made great progress since then, but we the people, could feel this 'pinch' for decades to come and may never have the middle class we once had.
WRONG ole' bait-breath!!!
It is suppose to work that way, "The President signs into law the budget for the the next Presidents 1st year".
Harry Reid refused to send President GW Bush the 2009 budget.
Harry Reid and Nancy Pelosi wanted Obama to be able to spend as much money as he (Obama) wanted to spend, without the constraints of a budget.
President GW Bush NEVER got to sign the 2009 budget into law.
The 2009 spending belongs to Obama, Reid and Pelosi.
The Stimulus Bill of President Obama's is where the money was added and it would be hard for you or anyone to argue that President Bush would not have done a stimulus Package himself at that point, because Bush was trying to get a stimulus package in place before his term was up.
And although the stimulus was a huge bill, the portion of it that was able to be instituted before the 2009 end of the fiscal budget on Sept 30, 2009 was small, there was not much time and only around $150 or so billion of it was spent. the super majority of it was spent in Obama's fiscal years that followed... so it was counted against Obama and his presidency's fiscal years of responsibility...
And being GENEROUS, about $200 billion of the $1.4 trillion budget deficit of President Bush's last fiscal year, can be attributed to actions that President Obama took and made by himself.