I have to shake my head at the people that, falsely mind you, blame the 8 years of Bush for our current economic crisis. Our economy tanked just a year after the 2006 elections when democrats took over Congress. They then, in preparation for the 2008 election, said and did things that helped precipitate another item of their make: the Freddie & Fannie mortgage loan repackaging disasters. Because of PC (collectivist social engineering) regulations passed by democrats starting back in the Carter years, compounded during the Clinton years, and protected with accusations of racism for anyone that pointed out their potential for an economic collapse during the Bush years, banks where forced to loan an enormous amount of money to people that basically could never pay it back. I do not believe that we ended up with this economic crisis by accident and in an election year where all the democrats had was “we hate Bush”. Remember that democrats do a lot better at the poll when the economy is bad for some unexplainable reason.
They might pretend that the problem was deregulation, Wall Street, or even the spending during the Bush years, but this is all smoke and mirrors. For one it is obvious that the Freddie & Fannie catastrophe was because of PC regulation, not any lack of regulation or deregulation. In fact Franks & Dodd played goal keeper, with help of the MSM of course, and made sure no regulation that would affect their ideological cash cow was passed. And the big fat cats the democrats complain about on Wall Street, by huge percentages, contributed and continue to contribute to democrats. When you are a giant conglomerate and make a ton of cash, the dirty little secret the left hides real well, is that you go to democrats to get them to pass legislation to crush your competition and keep you raking in the cash. Of course, they expect big donations in return as I already mentioned. Finally, congress during the Bush years spend like democrats would, pissing off conservatives, because they felt it was needed to counter act the economic effects of the 9-11 attacks.
Anyway, now all these democrats do is complain that Bush spend money like they would have, and pretend that’s why the economy tanked. And the crazy thing is that they are telling us that the solution to the bad economy they claimed was caused by the overspending during the Bush years isn’t to tighten our belts, but to borrow (meaning print new money) in one shot more money than the Bush congress tacked on to the annual spending bills they passed, and to then have that money funneled to democrat favoring causes & people masquerading a patronage bill as an economic stimulus bill! And they then bristle and get angry when you point that out. How big of a hypocrite do you have to be to pull this kind of stuff off?
The problem we have is that liberals think our economic problems are caused because government has not taxed the people they dislike enough and spread that wealth in a way that levels the field, while real conservatives think government taxes too much and should be spending less. Republicans threw away a perfect chance to cut government spending when they ran things, but democrats are now selling us a sh*t sandwich when they claim that the economic solution, this faux stimulus, is to print trillions of dollars (they are not done yet), not to address the economy, but to help them use that cash to buy elections.
Bush and the republican congress might have been irresponsible, but what the democrats are doing now will make people pine for the Bush years soon. Those of us that lived through the Carter years are about to be reminded why he is the worst president of the last century.
