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Old 10-04-2008, 01:54 AM
Northern Flash Northern Flash is offline
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Quote:
Originally Posted by rbakeremai View Post
Root of the economic problem? Bush’s “home ownership challenge” to give more loans to the undeserving as well as zero down payment loans started this mess. This all started in June 2002. Clinton had a national surplus and huge economic growth, but oh no, he was a Dem! Dems aren’t supposed to be good for business! They want to kill all business and tax your ears off. C’mon… quite buying the Republican talking points.

As for California being an example of how bad taxes and spending are, I’ve never suggested that CA has it right. They screw things up regularly. Clinton was an example of how responsible tax code and responsible spending can create sustainable economic growth (took W about 2 years to dismantle that and reverse the surplus into a deficit). Clinton was not perfect, but the resulting bottom line was much better than this lame duck of a president. The Republican tax code is a joke, and Republican spending has been anything but responsible.
I will agree with you that Bush does spend money like a drunken sailor. BUT, do you remember what happened right after Bush took over. 911! That was quite expensive for America if I remember correctly. Nice try blaming Bush for the Fannie and Freddy mess. But, they are Democrat programs. The Dems. are the ones that pushed for these loan restrictions to be lifted, because the recipients are THEIR voting base!