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5 reasons for the Bush-recession


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Obama, in spite of the kicking and screaming and blocking of the republicans, has gradually dragged us back from the brink of disaster due to the Bush-recession.

The Bush-recession was predicted by the progressives, and most economists that weren't so far to the right that they lived in La-la land.

Greenspan admitted the policies of the Bush crowd caused the Bush-recession, the Bush-recession wasn't the result of just a few policies...the Bush-recession was a calculated series of cynical, reckless, negligent acts by Bush, ending in the Bush-recession.

The Bush-recession is still with us, and will continue for a long time, since the Bush-recession was one of the worst in our history. It took 8 yrs of work by Bush to plunge us into the Bush-recession, and the Bush-recession should teach us all a lesson.

 

"First, the sub-prime mortgage meltdown. During the 8 years the Bush administration was in charge, we saw a dramatic expansion in available credit to borrowers who where not able to quality for conventional mortgages. This boom in new buyers drove up housing prices, creating a bubble of newfound wealth in the equity of homes, and creating a cycle of borrowing against newly inflated home equity. This bubble was evident to economists and consumers alike, yet in the absence of any legislation or government controls - the trend continued to balloon.

 

Second, Iraq. The cost of our dramatic increase in military spending provided a huge drain on the Federal Budget, as services that were heretofore part of the military budget became privatized and outsourced. Companies like Blackwater and Halliburton received huge military contracts to provide services - often without bids or oversight. Now, seven years later, we're uncovering fraud, waste, and violations of human rights that reflect both the size of the contracts and the Government's basic lack of ability to oversee or administer these programs. The elixir of privatization and deregulation created an environment that was ripe for fraud and misuse. In hindsight, is this any surprise?

 

Third, abandonment of a US economic vision. For 8 years the Bush administration focused on security and fear, while any vision of our economic future got put on hold. Gasoline taxes, emission standards or innovation in our core sectors were all either ignored or frowned upon.

 

Fourth, the environment. As George Bush dragged his heals on any environmental science, things like Kyoto were left unsigned. As former Vice President Al Gore raised the nation's awareness of Global Warming, the Bush Administration sought to minimize and obfuscate the science around climate change. As a result, government funding for new energy was back-burnered, and industries that count on the Government to legislate change and create a level playing field continued to build and produce gas guzzling trucks and automobiles. While world governments have used gas taxes to drive both conservation and innovation, the Bush administration essentially subsidized fossil fuel burning automobiles. The result, our energy industries are desperately behind, and our automotive industry is almost a decade behind in thinking about alternative energy.

 

Fifth, Wall Street and Banking. For 8 years there has been a dramatic expansion in the services and fast consolidation of what had been separate and in some cases regulated industries. As banking, brokerage, insurance, and financial services companies acquired and merged - the speed of these transactions far exceeded the regulatory ability or resources (not by accident) resulting in such things as credit default swaps that now even seasoned wall-streeters say were hard to understand.

 

The Bush Recession isn't the result of a single bad decision, or even actions out of our control. For 8 years we've allowed a handful of private industries to operate without oversight or review, with a focus on short term gains, as environmental and world economic issues have loomed large."

 

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Yep, it was all Bush. None of the dems got rich all during this time. We are 5yrs into Barry Soetero's presidency and you all are still blaming Bush.

well they refuse to take responsibility so you blame your predecessor the easy mark.

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Obama, in spite of the kicking and screaming and blocking of the republicans, has gradually dragged us back from the brink of disaster due to the Bush-recession.

The Bush-recession was predicted by the progressives, and most economists that weren't so far to the right that they lived in La-la land.

Greenspan admitted the policies of the Bush crowd caused the Bush-recession, the Bush-recession wasn't the result of just a few policies...the Bush-recession was a calculated series of cynical, reckless, negligent acts by Bush, ending in the Bush-recession.

The Bush-recession is still with us, and will continue for a long time, since the Bush-recession was one of the worst in our history. It took 8 yrs of work by Bush to plunge us into the Bush-recession, and the Bush-recession should teach us all a lesson.

 

"First, the sub-prime mortgage meltdown. During the 8 years the Bush administration was in charge, we saw a dramatic expansion in available credit to borrowers who where not able to quality for conventional mortgages. This boom in new buyers drove up housing prices, creating a bubble of newfound wealth in the equity of homes, and creating a cycle of borrowing against newly inflated home equity. This bubble was evident to economists and consumers alike, yet in the absence of any legislation or government controls - the trend continued to balloon.

 

Second, Iraq. The cost of our dramatic increase in military spending provided a huge drain on the Federal Budget, as services that were heretofore part of the military budget became privatized and outsourced. Companies like Blackwater and Halliburton received huge military contracts to provide services - often without bids or oversight. Now, seven years later, we're uncovering fraud, waste, and violations of human rights that reflect both the size of the contracts and the Government's basic lack of ability to oversee or administer these programs. The elixir of privatization and deregulation created an environment that was ripe for fraud and misuse. In hindsight, is this any surprise?

 

Third, abandonment of a US economic vision. For 8 years the Bush administration focused on security and fear, while any vision of our economic future got put on hold. Gasoline taxes, emission standards or innovation in our core sectors were all either ignored or frowned upon.

 

Fourth, the environment. As George Bush dragged his heals on any environmental science, things like Kyoto were left unsigned. As former Vice President Al Gore raised the nation's awareness of Global Warming, the Bush Administration sought to minimize and obfuscate the science around climate change. As a result, government funding for new energy was back-burnered, and industries that count on the Government to legislate change and create a level playing field continued to build and produce gas guzzling trucks and automobiles. While world governments have used gas taxes to drive both conservation and innovation, the Bush administration essentially subsidized fossil fuel burning automobiles. The result, our energy industries are desperately behind, and our automotive industry is almost a decade behind in thinking about alternative energy.

 

Fifth, Wall Street and Banking. For 8 years there has been a dramatic expansion in the services and fast consolidation of what had been separate and in some cases regulated industries. As banking, brokerage, insurance, and financial services companies acquired and merged - the speed of these transactions far exceeded the regulatory ability or resources (not by accident) resulting in such things as credit default swaps that now even seasoned wall-streeters say were hard to understand.

 

The Bush Recession isn't the result of a single bad decision, or even actions out of our control. For 8 years we've allowed a handful of private industries to operate without oversight or review, with a focus on short term gains, as environmental and world economic issues have loomed large."

 

link

The recession started at the end of Clinton's term.

 

Do your homework next time.

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I blame Washington. Cause that's where it all started. In fact I believe Adams said, "I'd be Ok, but Washington really screwed things up". Something like that. Dano, you are the king of toads. Obama has been behind the wheel for over 5 years and still he flounders as a capable leader. He will never be more than a pathetic community organizer. NEVER - EVER. He is barely a man.



10 trillion minus 5 trillion =s 16 trillion. He ain't too good at math either. And he ain't to good at recognizing how may states we have. And he ain't too good at language skills - I wish I could speak Austrian. What was that about?

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Not a single factual response. I expected that.

No, it's a fact that Adams was president after Washington. And it's a fact, Obama promised to cut the debt from 10 to 5 trillion. And it's a fact, Obama believed Austrian was a language. And it's a fact he said we have 57 states. You can double check those facts. It's also a fact, he was never more than a lame community organizer. It's also a fact, Obama had absolutely no experience what so ever , in Finance - Military Logistics - Foreign Diplomacy- and most of all no experience in delegating, that being, the people he put on his payroll were ( if it's possible to comprehend ) even lamer than he is. The proof is in the shiit strom America is now enduring. Bush my white ass.

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You're a fool and a pawn for the left.

 

You defended Obamacare too...why have 39 Dems ditched Obama for the Repub plan? :)

 

Those are facts you want to ignore.

Too bad you watch FOX and believe the crap they feed you idiots. You're a parrot, a useful idiot for the right.

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Too bad you watch FOX and believe the crap they feed you idiots. You're a parrot, a useful idiot for the right.

 

You know what, draino... I came across real stupid people in my life, but you take the cake, dude!

 

Not worth to respond to your threads in the future!

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Yep, it was all Bush. None of the dems got rich all during this time. We are 5yrs into Barry Soetero's presidency and you all are still blaming Bush.

It's like this, dimwit: It will take this nation decades to recover from the corrupt and malfeasant policies of the illegitimate bushco regime. Obama's done the best he can despite rethuglican obstruction.

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Obama, in spite of the kicking and screaming and blocking of the republicans, has gradually dragged us back from the brink of disaster due to the Bush-recession.

The Bush-recession was predicted by the progressives, and most economists that weren't so far to the right that they lived in La-la land.

Greenspan admitted the policies of the Bush crowd caused the Bush-recession, the Bush-recession wasn't the result of just a few policies...the Bush-recession was a calculated series of cynical, reckless, negligent acts by Bush, ending in the Bush-recession.

The Bush-recession is still with us, and will continue for a long time, since the Bush-recession was one of the worst in our history. It took 8 yrs of work by Bush to plunge us into the Bush-recession, and the Bush-recession should teach us all a lesson.

 

"First, the sub-prime mortgage meltdown. During the 8 years the Bush administration was in charge, we saw a dramatic expansion in available credit to borrowers who where not able to quality for conventional mortgages. This boom in new buyers drove up housing prices, creating a bubble of newfound wealth in the equity of homes, and creating a cycle of borrowing against newly inflated home equity. This bubble was evident to economists and consumers alike, yet in the absence of any legislation or government controls - the trend continued to balloon.

 

Second, Iraq. The cost of our dramatic increase in military spending provided a huge drain on the Federal Budget, as services that were heretofore part of the military budget became privatized and outsourced. Companies like Blackwater and Halliburton received huge military contracts to provide services - often without bids or oversight. Now, seven years later, we're uncovering fraud, waste, and violations of human rights that reflect both the size of the contracts and the Government's basic lack of ability to oversee or administer these programs. The elixir of privatization and deregulation created an environment that was ripe for fraud and misuse. In hindsight, is this any surprise?

 

Third, abandonment of a US economic vision. For 8 years the Bush administration focused on security and fear, while any vision of our economic future got put on hold. Gasoline taxes, emission standards or innovation in our core sectors were all either ignored or frowned upon.

 

Fourth, the environment. As George Bush dragged his heals on any environmental science, things like Kyoto were left unsigned. As former Vice President Al Gore raised the nation's awareness of Global Warming, the Bush Administration sought to minimize and obfuscate the science around climate change. As a result, government funding for new energy was back-burnered, and industries that count on the Government to legislate change and create a level playing field continued to build and produce gas guzzling trucks and automobiles. While world governments have used gas taxes to drive both conservation and innovation, the Bush administration essentially subsidized fossil fuel burning automobiles. The result, our energy industries are desperately behind, and our automotive industry is almost a decade behind in thinking about alternative energy.

 

Fifth, Wall Street and Banking. For 8 years there has been a dramatic expansion in the services and fast consolidation of what had been separate and in some cases regulated industries. As banking, brokerage, insurance, and financial services companies acquired and merged - the speed of these transactions far exceeded the regulatory ability or resources (not by accident) resulting in such things as credit default swaps that now even seasoned wall-streeters say were hard to understand.

 

The Bush Recession isn't the result of a single bad decision, or even actions out of our control. For 8 years we've allowed a handful of private industries to operate without oversight or review, with a focus on short term gains, as environmental and world economic issues have loomed large."

 

link

 

Bwahahaha.... Why is Obama following right along in Bush's footsteps, only in an exacerbated fashion?

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Yep, it was all Bush. None of the dems got rich all during this time. We are 5yrs into Barry Soetero's presidency and you all are still blaming Bush.

 

 

jimsouth: I have often spent nights weeping over the poverty stricken Democrats in our political arena. How these people can serve America and make ends meet is a miracle.

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It's like this, dimwit: It will take this nation decades to recover from the corrupt and malfeasant policies of the illegitimate bushco regime. Obama's done the best he can despite rethuglican obstruction.

You must admit, regardless of Obama's loyalty & hard work, he could still improve his math skills. 10 trillion minus 5 trillion is not 16 trillion, it's really 5 trillion. I guess - honest mistake. Well, at least , a mistake.

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Obama pulled us out of the Bush recession..

 

Meanwhile, 50M on food stamps, 14% real unemployment, black unemployment skyrocketing, a failed Obamacare,

...and the list goes on and on......

 

Pull your head out of your ass and smell the failures of your Messiah!

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dano, you ignorant moron, there was no Bush recession you idiot. the 2008 economic collapse was 100% casued by the mortgage and real estate industries. the reason they collapsed was due to irresponsible mortgage underwriting guidelines put in place by clinton & cuomo and kept there by liberal scum like barney frank & maxine waters. that is what caused the recession, the liberal democrat recession.

 

again dano you prove that facts don't matter to you and that you are too stupid to understand what occurred to cause the recession. please keep your posts limited to sesamee street topics.

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Libslayer proves once again that his brain is an atrophied, vestigial organ the size of a walnut.

 

just making declarations like some retarded orang isn't going to cut it in the face of my figures, quotes, facts and graphs.

eat sht dumbass.

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Libslayer proves once again that his brain is an atrophied, vestigial organ the size of a walnut.

 

just making declarations like some retarded orang isn't going to cut it in the face of my figures, quotes, facts and graphs.

eat sht dumbass.

 

The Bush recession ended in June 2009.

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