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Unlike all of the former Dem Presidents it has long been the policy of the former " R " Presidents to NEVER comment on policy or the performance of the current President .
You can trace this practice as far back as President Eisenhower . However every single Dem Ex President since JFK has been an active commentator on the performance of the Incumbent President regardless of the Party of the Incumbent . Further every single former "R" President has taken the approach that they should stay out of Political issues and rarely if ever have backed any candidate for any office . [ Just like Baseball --- you can look it up ] |
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What party is the party that is interested in deregulating everything. Dodd/Frank was put into law to stop the excess of banks, leading institutions. What party opposed going so far as not to approved Elisabeth Warren as administrator of the oversight branch of government to try not to repeat the recession? |
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Your first paragraph is really short on facts. In fact, it twists just about everything. |
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Your link is 6 1/2 years old, and certainly has some truths, but for example, when he refers to mortgages given during the Bush presidency, he totally and completely ignores and does not mention the Community Reinvestment act. That act, backed and endorsed by the Clinton admin made the mortgages explode. Example, in Clinton years mortgages rose in the 50/60 percent range; in the Bush years it was about 1 percent. Posting a link that old, you might as well gather all the articles Mr Rosenbaum has penned, going back even further and guess what...in each he goes after Bush and leaves out convenient facts such as I pointed out. I think an analysis that old, with just selected facts is hardly something to post anywhere. |
Only someone who is not well read would post such a link and the entire thread is bogus.
The financial crisis that President Obama did in fact walk into was the fault of a number of people as most are, and while we have much to learn from that crisis, we should be more inclined to address our current economics, and using lessons learned from anything in the past. A link that goes back SIX AND HALF YEARS and avoids and hides facts in play are not exactly the best to rely on unless your intent is purely to make some vague political point. I think one of the best analysis of that financial crisis was done by Newsweek and it named the 25 folks most to blame. Yes, George Bush is on the list for sure and I am sure that makes some of you folks who disregard facts very happy. Here is the link to that listing of people Bill Clinton - 25 People to Blame for the Financial Crisis - TIME It will be boring for all of you who want to lay this on some President...the only two mentioned and rightfully so are Clinton and Bush, but so many forget to add Clinton to the list and boy he sure deserves to be on the list. I find this thread completely bogus and if someone wants to discuss 2008 and back all over again, they should start a thread. There are lots of analysis available that are non political thus you probably wont care. |
From that Newsweek article, comes this and this was written in 2009.
It is NOT intended to defend Bush nor malign anyone else, but since the thread is about Bush, it seems applicable.... "George Bush is leaving the White House with a dismal economic record. By almost every measure — GDP growth, jobs, median incomes, financial-market performance — he stacks up as probably the least-successful President on the economic front since Herbert Hoover. It's not all Bush's fault. He inherited an inevitable recession in 2001, and even last year's financial collapse was to some extent the result of unsustainable trends in place long before he moved to Washington. Also, we generally give Presidents both more credit and more blame for economic outcomes than they probably deserve. As Bush mock-moaned in his final White House press conference, "Why did the financial collapse have to happen on my watch?" His next words, though, were, "It's just pathetic, isn't it, self-pity?" So let's spare him the pity. As the decider in the White House for the past eight years, George Bush made some economic calls that don't look smart today. They then went on to list 8 specific error that he made. Point is NO FINANCIAL CRISIS IS MADE BY ONE PERSON. Nobody recalls how Bush wanted tighter controls on Wall St to prevent the bubble and he was totally rebuffed by a Democratic congress. How he was mocked when he warned everyone about Fannie Mae, etc None of this absolves his part and every President makes mistakes (although from reading it appears the current President has made none), but why waste a thread trying to pin something on a man that you cannot possibly do. |
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Maybe just maybe you should read the first sentence in that post. Here it is, "If you want to read a real biased article, read this." Then then link. Only a person that has to start every post attacking someone would completely ignore that sentence. Are you looking to win a prize for the most obnoxious person on the board? Keep it up. You have a lot of Republican competition. |
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