President Bush Ruined the economy!!

Originally posted by Dodecahedral

I'm a conservative and this is truly sad.
People are trying to blame Carter LOL!!


[edit on 29-11-2008 by Dodecahedral]

people that keep announcing " i am conservative" are the exact opposite. and why is it funny people are blaming carter???? it was his fault. do you refuse to look up the definition of the community reinvestment act???? he started the bubble that burst 30 years later

reply to post by Dodecahedral


Considering that the sub-prime mortgage law was passed at least 5 years before Bush even took office, I'd say you have your facts wrong. It's very simple, don't buy a house you cannot afford. It's not the mortgage lenders faults either, if I told you to jump off a bridge, would you???? Don't take out a $200,000 loan if you can only afford a $100,000 loan. I don't own a house because I can't afford it, maybe I should have taken out a loan I couldn't afford and let everyone else pay for it.

reply to post by semperfortis


I am no fan of George W. Bush. I handed in my Republican voting card for a Libertarian one.

But my question to the whole United States of America is: Why have you not read and learned the U.S. Constitution? Congress controls the money. Sure, the President can veto, but the Congress can over-ride. The President can ask, and the congress can say no.

This is the biggest joke in my lifetime. It is the joke of how the population, the media, and so called political experts continue to foster this concept that somehow if you vote for this person or that person for President, that he/she can fix the economy. It is only possible If the Congress approves their plan. And guess what? ONLY a congressman or senator can PROPOSE a bill on the floor.

There is no real difference between Republicans and Democrats anymore. It's all a facade to keep your minds boggled in hatred for one side or the other while those that have the real power or slowly making sure that they will control it all and to make sure that there is not one thing you can do about it. From individualism to serfdom in 100 years.

We need to be more productive workers. Everyone can't own a Franchise, whether it McDonalds or The Gap. We have to move toward building products again. So, it has little to do with Bush other than he is just another President who is ignorant.

It's more to do with our society and culture. We need a renaissance like France or a revival or a reawakening

Complaining on the internet...that's a waste of energy but it's your decision and you are welcome to vent about George Bush. But the President doesn't run the economy, he doesn't run anything but The Military.

It's very hard to understand and you will need to study for many months, but you will find that our country is in need of some real leadership in the form of a President.

Obama will probably provide it and it's very needed.

reply to post by ConservativeJack

We need to be more productive workers. Everyone can't own a Franchise, whether it McDonalds or The Gap. We have to move toward building products again. So, it has little to do with Bush other than he is just another President who is ignorant.

Excellent point. I remember when H.Ross Perot ran for president in 1992, and described the "giant sucking sound" of US jobs that would go to Mexico if NAFTA was passed. Of course, ironically, Perot Systems subsequently opened up a tech support center in Guadalajara, outsourcing thousands of high tech jobs.
As I mentioned in another thread, if Obama is serious about alternative energy programs to ween us off of foreign oil, it certainly could provide us with the opportunity to produce new technology here in the US, providing the US with manufacturing jobs again. Someone, however, he and Congress will have to enable OUR people to compete successfully with the foreign competition which will surely follow.

reply to post by Dodecahedral
Bush was the best puppet president we ever witnessed. At least in my lifetime. Funny, I would have summed it up as greed and dis concern for everyone beneath him.
This is a main point in the book - Art of War - you cannot go to war and deplete the chest, because it you will eventually defeat yourself. I thought that book was required reading for military officers, apparently they couldn't convey the message to the chief who has never read a book.

Originally posted by dalan.
reply to post by Dodecahedral

 

Actually, the economy was doomed to failure.

Have you ever heard of the Federal Reserve? Do you know how the FED came to be and how the FED works? The FED is the reason why our economy is failing.

Not the Bush Admin, they were just puppets.

Considering that the plagues Moses brought to Egypt were all attacks against Egyptian gods and the fact that many Americans worship the dollar, why wouldn't you expect God be behind the fall of our economy and our precious dollar?

I blame Saddam Hussein and his WMD´s!

reply to post by Dodecahedral


Nothing Bush has done could have led to the mess we are in. This has been covered ad-nauseum, but here goes. The economic mess, in a nutshell, is because government/Socialism stuck it's nose into the free market. It goes back to 'ol President Peanut, when he instituted the CRA (Community Reinvestment Act). That hummed along below the surface until ex-president Pantload put the program on steroids. After thousands of years of lessons learned of people loaning other people money, the Left seems systemically unable to understand economics. You DON'T force banks to loan money to people they know can't pay it back. You DON'T give mortgages to people whose only income is welfare (which shows a LACK of income if anything).

Don't get me wrong...... the Middle (Conservatives) abandoned their core beliefs, AND constituents, by spending like drunken sailors. Do some research on the CRA / Carter, then Clinton / CRA, and see for yourself.

Originally posted by Waldy
I blame Saddam Hussein and his WMD´s!

We keep telling you......... Saddaam moved the WMD's to Syria/The Bakaa valley, before the liberators arrived. Well.... except for the 350 metric tons of Yellowcake, that is. The last shipment of that arrived in Canada a couple of months ago.

Hi you guys! yes Bush screwed the pooch! but he isn't the first,he might not even be aware that he has done a bad thing since the banking practices (pooch screwing) hereafter referenced as PS,are so prevelent and imbedded that he probably thinks he's a saint,(cause he's dumber than a bag hammers)

I highly recommend this book The Creature From Jekyll Island www.bigeye.com... here is a link to some info about it

It's about the creation of the Fed and has the conspiracy to defruad the country over and over very nicely laid out
there is tons of examples, history ,naming of names,events ,lots of NWO conspiracy info and so so much more

Everyone should read and own this book it's a goldmine of info about this problem and has a website in the back for activisim against the Fed
it will take unity and not relying on rich people who already know what they're doing to us and don't care,to solve this

This year it's Bush next year it will be Obama,
it's a very usefull book buy it and read it ,I did!

reply to post by Dodecahedral


This is what I truly don't understand...You are knowledgable enough to find this web site in the vast universe of the internet, yet you still think that one bumbling guy and a few elected schills ruined the economy??/ Was he responsible for the great depression as well? This is just so...vast. We are fighting a force that I truly am beginning to believe is invincible. Read up on the FDIC and Jeckyll island and the vote that took place on a Christmas recess when very few elected officials were even in Wash. DC. It surprtses me how often I meet people who seem to understand how corrupt our political system is, and then make a comment like..."Now if only the Democrats (or Republicans) or the new breed of Osamafites who declare that "now everything will be fixed!" It is so discouraging. READ! READ EVERYTHING you can pertaining to the history of the U.S. We have been heading toward disaster since almost the very beginning.

I think people here are looking for a grand conspiracy where there is none in this case.

I agree with getting rid of the Fed and the income tax but this is a conspiracy of one and that's Bush.

If he would have controlled spending and reduced the scope and size of government when he had a republican House and Senate things would be alot better now.

You can't cut taxes, borrow money and grow government at the same time. Especialy under a global economy.

See, free trade means jobs will be lost to cheap labor. We will then switch fom a producer based economy to a consumer based economy.

This means other countries will hold our debt as long as we consume their goods.

You can't have a debt over 10 trillion dollars when the GDP is 13 trillion in this enviroment.

Your going to have a credit crunch because other countries will not hold our debt when our debt begins to outweigh our consumption.

This is directly at the feet of Bush.

12 vetos in 8 years? You have to go back to Warren Harding to find a President who gave out less Vetos. Reagan 78 and even Clinton 37.

Under Bush discretionary spending went up 5.3% and under Reagan, 1.9%.

Again, you can't cut taxes, borrow and grow government.

It's not Carter or Clinton, it's Bush.

If he saw the housing bubble coming, why did he borrow and spend like crazy?

[edit on 4-12-2008 by Dodecahedral]

reply to post by Dodecahedral

I agree with getting rid of the Fed and the income tax but this is a conspiracy of one and that's Bush.

If he would have controlled spending and reduced the scope and size of government when he had a republican House and Senate things would be alot better now.

You can't cut taxes, borrow money and grow government at the same time. Especialy under a global economy.

See, free trade means jobs will be lost to cheap labor. We will then switch fom a producer based economy to a consumer based economy.

Free trade was accelerated under the Clinton administration, and of course, it was Clinton that signed NAFTA into law. Both the Democratic Party and the Republican Party supported NAFTA, and continue to. Obama talked about "renegotiating NAFTA", but then signaled to Canadian officials that "it was only campaign rhetoric". I guarantee that he will not touch NAFTA.
In reality, what passes for "free trade" is really NOT free trade. Truly free trade has no barriers on either side. That is far from the case today. Countries like China and Japan assist their companies with tariffs, regulations and, in the case of China, lack of labor laws to prevent "slave labor". On the other hand, American companies, such as the "Big 3" auto manufacturers cannot possibly compete with foreign companies, when they have the UAW as a millstone around their necks. How can a company survive when a contract calls for laid off employees to receive 95% of their pay? In addition, when the average corporate CEO in this country now makes 700 times the average salary of his/her workers, companies suffer:
graphics8.nytimes.com...

In foreign countries such as Japan, that figure is about 12 times the average worker's salary.
source:query.nytimes.com...

Although Bush did not help the economy, to place the entire blame on him, gives him more credit than he deserves. No one person caused this mess. To think that would be pure fantasy. It took Congress, crooked mortgage brokers, corrupt bankers, greedy speculators, and ignorance on many peoples part to get where we are today. The blame needs to be shared by all involved, from those who lived their lives on credit, to those in government and industry. None of the parties get a free pass here.

Blaming one person, regardless of who that is, is to fail to learn from history, and those that fail to learn from history, are doomed to repeat the same mistakes.

Step back, take a deep breath, and see the larger picture. It is a collage of humanity, not a presidential portrait.

Bush again.

A lot of people from both parties present an past are to blame for our economy, including ourselves. The politicians for passing legislation to benefit companies, the companies for taking advantage of legislations, and the people for willing to continue to buy stuff from China, Mexico, and other countries because it is cheaper. The day people start buying American products is the day you will see businesses move back into the US. Why should they move back now? Consumers have already shown that they will complain that Americans are losing jobs because companies are moving overseas, but will also continue to buy the products those companies are sending back to the US. I guess since we are a country that no longer takes responsibility for our own actions, I can see why people would want to blame Bush.

Basically, people don't understand how free trade works and what it means to be in a global economy.

People are still complaining about jobs lost to cheap labor, yet unemployment was low and the economy was growing.

This is because under free trade you go to a consumer based nation from a producer based nation.

This means we borrow and consume. Other countries will hold our debt if we consume their goods.

People were making alot of money starting businesses, off the internet and in real estate.

This is because interest rates were low and credit was cheap as it should have been especially after Bush cut taxes.

The problem occured because Bush cut taxes and increased the size of government which has given us a 10 trillion dollar debt in a 13 trillion dollar economy.

So we went from a consumer nation to a debt nation and now we have to try and find jobs and start producing again to dig our way out of the debt.

This is DIRECTLY do to massive borrowing and spending. You can't cut taxes and then increase the size of government in this global economy.

If Bush would have controlled spending we wouldn't be in this mess.

American people have been complaining about jobs and cheap labor for years and this mentality is very silly.

If the government controls there spending, we can borrow and consume as far as the eye can see. That's because other countries will hold our debt as we consume their goods. They will not hold our debt if our debt is starting to outweigh our consumption.

This is what the bailout is trying to do. Give banks money and get them to loan it to the American people. This is because other countries will not hold our debt with the government spending and increasing debt under Bush.

What will happen now is the government will basically own private industry because jobs will not be created fast enough to produce our way out of the debt. So America will be Socialist by the end of 2009. I don't think there's no other way out of it because the debt under Bush is massive.

There's alot of things that I would like to see go like the Fed and the Income tax but people are trying to blame things that had nothing to do with the underlying problem which is debt.

You want to scapegoat Bush because he has a R next to his name but what he did was Horrible!!

He gave out 12 vetos vs Reagan 78 and Clinton 37.

Discretionary spending went up to 5.3% under Reagan 1.9%

Bush borrowed more money from foreign governments than 42 Presidents before him combined. The 42 Presidents borrowed 1.01 trillion and Bush borrowed 1.05 trillion in 4 years!!

Non defense spending went up, Defense spending went up.

He cut taxes and increased spending which is a recipe for disaster. He spent your wealth, your childrens wealth and grand childrens wealth in 8 short years!!