Was George Bush Really the Cause of World Financial Problems?
tbonegeorge1000 asked:
America has Spoken. They voted for Obama promising to raise taxes on 100% of the richest 5% in the United States of America who control 60% of wealth.
America has Spoken. They voted for Obama promising to raise taxes on 100% of the richest 5% in the United States of America who control 60% of wealth.
Now that Europe’s Socialist government’s are in more trouble than the U.S.A., Are George Bush’s economic policies really that bad after all or was it just a political statement for Obama to get elected?
to some degree yes.
Nope he isn’t its all these financial institutions banks and such.. and also dumbass people who get loans and don’t pay them back.
Yeah but the UK is only bad b/c of us. It all starts with the source. Get ur slanted facts straight.
Only a small percentage. The real problem is the Federal Reserve, because they are destroying our currency.
you really do need help don’t you
Granted Bush wasn’t the best president…still, he was already dealing with Clinton’s mess when he came into office, then soon after was 9/11..then it just spiraled from there.
Though your “logic” is idiotic, no, I don’t blame Bush for the current Depression.
Our economic problem was predicated by a credit crisis with underpinnings in sub-prime lending policies. Policies initiated during the Clinton era, by a Democrat controlled congress. So sit back relax and watch socialism work its magic and make the GDP disappear.
Edit:
Bush did want further regulations and oversight on Fannie Mae and Freddie Mac and dems in Congress overwhelmingly opposed it. Even Bill Clinton admits this.
As I much as I detest that nitwit - no, he was not the sole cause of the problem. This has been coming since the Carter administration, with equal shares of blame going to Dems, Reps, the Fed, the Banks, the home mortgage industry, and consumers.
you ARE joking, right?
It was a ploy to keep America bogged down in anger and bitterness. Obama IS a socialist. The problems we are having financially have been building up for years and actually can be traced back to Clinton who took the restrictions off wall street and housing mortgages.
Actually, Europe’s socialist governments aren’t as bad off as we are, especially those such as France, who limited bank foraging into the securities market, and made credit harder to obtain..
To answer your question, Bush was the wind that kept the fire going..IT started with McCain and Gramm,and then bush just added momentum to the fire by not providing regulation, and putting supply side former investors at Regulatory posts..Yes, Bush’s policies were horrid, they followed failed Supply side economics that didn’t work under his father or udner Regan..
Michael, Freddie and Fannie aren’t what needed to be regulated, but the rampant wild west financial markets, where the most prized treasure of americans, their mortgage and by extension their house, was being bundled up in hard to value securities and sold
They are saying that the other countries financial crisis is a result of the US economy, and their dependence as using the dollar as one of the trade standards.
One article I read described it as the “financial implosion of a world leader”
And most articles I read, the other countries blame Bush. One reason they are so happy about our President Elect Obama
I think if you try to blame George Bush for causing the world’s financial problems, you are probably giving him too much credit. Just as one man cannot ruin a global economy, one man cannot magically fix a global economy. (cough, cough, Obama).
Absolutely not.
There’s a lot of blame to go around for everyone involved.
I find it very amusing that the same people who bash Bush will now try to blame him for the entire world’s financial problems. Come on people, get real here.
God Bless America and Her People!
God Bless Our Brave Troops!
No. Not President Bush’s fault.
The wide spread financial chaos is evidence that it was not his fault. It is just that as Americans, we can’t see past ourselves; we’re just so great. It is our arrogance that lets us blame ourselves for everyone else’s problems.
Greed is everywhere.
YES, when Clinton was president we had one the highest economy ever in h=our history then Bush came and drank all of our money. So to answer your question I believe he did cause the world of financial problems.