Quote:
Originally Posted by Hand
How did Bush Jr's policies affect today's rate of unemployment, unprecedented federal debt, cities all across the country filing for bankruptcy and our current level of people sponging off of the borrowed money that uncle sugar is doling out?
Previous presidents have taken office with similar obstacles and managed to make improvements. Every day under the current administration is only worse than the last. When was the last time we heard some good news from the WH?
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We have kicked the can down the road through many administrations in a fashion that is synonymous with moving credit card balances, to a new credit card so you can keep spending on the old ones. Overtime that debt accumulates to a point where you cannot make your minimum payments or maintain your plastic lifestyle.
Bush Jr's also has TARP which bailed out the bankers for the sub-prime mortgage scheme.
http://en.wikipedia.org/wiki/Trouble...Relief_Program
It's not that any one President caused the mess, it is that they allowed it to continue to some degree. I say to some degree because we have two Houses that create laws, control taxes and government spending.