The word incompetence was synonymous with George Bush and apparently, the writer of this “article”.
When the Bush administration came to power, we were facing budget surpluses so large that we were within paying off the entire deficit in about 10 years. Budget surplus projections went far into the future. Bush immediately cut taxes and gave the money to his base and his donors, increased spending by massive amounts, and started a war based upon lies that was and still is funded entirely with borrowed money. He intentionally left our borders unprotected and encouraged corporations to outsource their high paying jobs through tax incentives. He cut taxes during time of war (something no President has ever done) and did everything he could to eliminate the middle class and achieve the goal of his grandfather Prescott that was to establish a global economy by making the U.S. the equivalent of a third world country. He was wildly successful.
In my opinion, it was a calculated decision to bankrupt the economy and to destroy the very social programs that President Obama is trying so hard to grow. The banking fiasco has it’s roots in the deregulation craze of the overrated and overhyped Reagan Administration, then took off under George W. Bush. To blame the current administration for this mess is not only unbelievable, but disingenuous and untrue. American taxpayers became part owners of the banking system in the last months of the Bush administration—BEFORE Obama had ever made a decision–and now these Republican so-called patriots are calling Obama’s proposal to get us out of this mess “Socialist”. The mess is real, the deficit of the last 8 years tragic, and the challenges before our new President are enormous. Prove you’re patriotic Republicans and support our President.
