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  1. #1
    Jesus Christ is Lord

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    Default Reid Wrong on Bush’s Economic Record

    Reid Wrong on Bush’s Economic Record

    Sen. Harry Reid falsely claimed that 8 million jobs were lost during the Bush administration. To the contrary, there was a net gain of 1 million jobs under President George W. Bush. It's true that more than 8 million jobs were lost as a result of the recent recession — from the job peak to trough — but only about half of those were lost under Bush.
    The Nevada Democrat also falsely claimed that Bush turned a projected surplus of $7 trillion over 10 years into a $14 trillion debt. The fact is Bush inherited a $5.7 trillion debt, which became a $10.6 trillon debt.
    FactCheck.org : Reid Wrong on Bush’s Economic Record

  2. #2
    Jesus Christ is Lord

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    Default Re: Reid Wrong on Bush’s Economic Record

    George W Bush: was he really that bad?

    More than four years after George W Bush left the White House, his record is being reassessed and throws up similarities with Barack Obama
    http://www.telegraph.co.uk/news/worldnews/us-politics/9994865/George-W-Bush-was-he-really-that-bad.html#mm_has

    They both Suk



  3. #3
    Retired !

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    Default Re: Reid Wrong on Bush’s Economic Record

    More comments on why we have the economic conditions of today.

    David Stockman, who served as Ronald Reagan’s budget director from 1981 to 1985.
    “The destruction of fiscal rectitude under Ronald Reagan—one reason I resigned as his budget chief in 1985—was the greatest of his many dramatic acts,” Stockman writes. “It created a template for the Republicans’ utter abandonment of the balanced-budget policies of Calvin Coolidge and allowed George W. Bush to dive into the deep end, bankrupting the nation through two misbegotten and unfinanced wars, a giant expansion of Medicare and a tax-cutting spree for the wealthy that turned K Street lobbyists into the de facto office of national tax policy. In effect, the G.O.P. embraced Keynesianism—for the wealthy.”
    Stockman’s attack extends far beyond just Reagan and Bush, however; his piece also targets lawmakers, Wall Street, the Federal Reserve and Treasury officials as he paints a bleak picture of the American economy.
    Bush’s Economic Policies Bankrupted U.S., Reagan Budget Director Says - Truthdig

  4. #4
    Jesus Christ is Lord

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    Default Re: Reid Wrong on Bush’s Economic Record

    I love the constant calls of "misbegotten and unfinanced wars,"
    All of it happen with the full support of the Dem party, They demanded it and they financed it.
    All they ever did was attack a war time president and embolden the enemy to kill more Americans in the field and hold the congress hostage every time for more money to tie in their own bills. Funny how it all went silent once Obama took over. Militarily he followed the same path.
    Talking about unfinanced what about all the debt now? hmmm there is $85 Billion a month pumped into the economy every month.

  5. #5
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    Default Re: Reid Wrong on Bush’s Economic Record

    Quote Originally Posted by fxstc07 View Post
    More comments on why we have the economic conditions of today.




    Bush’s Economic Policies Bankrupted U.S., Reagan Budget Director Says - Truthdig
    There are a couple of strategies to deal with a deep recession that both will create a deficit. The republican theory that tax cuts will put capital in the system at a cost of revenue to the gov.
    This worked well for Reagan. A lot of jobs were created. The economy had a good run after Obama's twin (Jimmy Carter) ruined everything and Reagan was elected. And then we have the great orator who hasn't created a single job in 5 years with his tax the rich and transfer of wealth baloney..in da name of job creation. Obama's debt is $7T and mushrooming. The only thing that was created was the welfare state that we all are going to feel not just the rich

 

 

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