Question:
Is president Bush at fault for our economy crisis?
Gracee's Mom, Taylin due7/29
2009-02-06 08:46:43 UTC
I'm not really sure how we got where we are...is it something president Bush could have done differently? Is he to blame at all?
21 answers:
anonymous
2009-02-06 09:01:55 UTC
George W. Bush Resume



Past work experience:

Ran for congress and lost.

Produced a Hollywood slasher B movie.

Bought an oil company, but couldn't find any oil in Texas, company went bankrupt shortly after I sold all my stock.

Bought the Texas Rangers baseball team in a sweetheart deal that took land using tax-payer money. Biggest move: Traded Sammy Sosa to the Chicago White Sox.

With fathers help (and his name) was elected Governor of Texas.



Accomplishments: Changed pollution laws for power and oil companies and made Texas the most polluted state in the Union. Replaced Los Angeles with Houston as the most smog ridden city in America. Cut taxes and bankrupted the Texas government to the tune of billions in borrowed money. Set record for most executions by any Governor in American history.

Became president after losing the popular vote by over 500,000 votes, with the help of his fathers appointments to the Supreme Court.



Accomplishments as president:

Attacked and took over two countries.

Spent the surplus and bankrupted the treasury.

Shattered record for biggest annual deficit in history.

Set economic record for most private bankruptcies filed in any 12 month period.

Set all-time record for biggest drop in the history of the stock market.

First president in decades to execute a federal prisoner.

First president in US history to enter office with a criminal record.

First year in office set the all-time record for most days on vacation by any president in US history.

After taking the entire month of August off for vacation, presided over the worst security failure in US history.

Set the record for most campaign fund-raising trips than any other president in US history.

In my first two years in office over 2 million Americans lost their job.

Cut unemployment benefits for more out of work Americans than any president in US history.

Set the all-time record for most foreclosures in a 12 month period.

Appointed more convicted criminals to administration positions than any president in US history.

Set the record for the least amount of press conferences than any president since the advent of television.

Signed more laws and executive orders circumventing the Constitution than any president in US history.

Presided over the biggest energy crises in US history and refused to intervene when corruption was revealed.

Presided over the highest gasoline prices in US history and refused to use the national reserves as past presidents have.

Cut healthcare benefits for war veterans.

Set the all-time record for most people worldwide to simultaneously take to the streets to protest me (15 million people), shattering the record for protest against any person in the history of mankind.

Dissolved more international treaties than any president in US history.

My presidency is the most secretive and un-accountable of any in US history.

Members of my cabinet are the richest of any administration in US history. (the 'poorest' multi-millionaire, Condoleezza Rice has an Chevron oil tanker named after her).

Had more states to simultaneously go bankrupt than any president in the history of the United States.

Presided over the biggest corporate stock market fraud of any market in any country in the history of the world.

Created the largest government department bureaucracy in the history of the United States.

Set the all-time record for biggest annual budget spending increases, more than any president in US history.

First president in US history to have the United Nations remove the US from the human rights commission.

First president in US history to have the United Nations remove the US from the elections monitoring board.

Removed more checks and balances, and have the least amount of congressional oversight than any presidential administration in US history.

Rendered the entire United Nations irrelevant.

Withdrew from the World Court of Law.

Refused to allow inspectors access to US prisoners of war and by default no longer abide by the Geneva Conventions.

First president in US history to refuse United Nations election inspectors (during the 2002 US elections).

All-time US (and world) record holder for most corporate campaign donations.

My biggest life-time campaign contributor presided over one of the largest corporate bankruptcy frauds in world history (Kenneth Lay, former CEO of Enron Corporation).

Spent more money on polls and focus groups than any president in US history.

First president in US history to unilaterally attack a sovereign nation against the will of the United Nations and the world community.

First president to run and hide when the US came under attack (and then lied saying the enemy had the code to Air Force 1)

First US president to establish a secret shadow government.

Took the biggest world sympathy for the US after 911, and in less than a year made the US the most resented country in the world (possibly the biggest diplomatic failure in US and world history).

With a policy of 'dis-engagement' created the most hostile Israeli-Palestine relations in at least 30 years.

Fist US president in history to have a majority of the people of Europe (71%) view my presidency as the biggest threat to world peace and stability.

First US president in history to have the people of South Korea more threatened by the US than their immediate neighbor, North Korea.

Changed US policy to allow convicted criminals to be awarded government contracts.

Set all-time record for number of administration appointees who violated US law by not selling huge investments in corporations bidding for government contracts.

Failed to fulfill my pledge to get Osama Bin Laden 'dead or alive'.

Failed to capture the anthrax killer who tried to murder the leaders of our country at the United States Capitol building. After 18 months I have no leads and zero suspects.

In the 18 months following the 911 attacks I have successfully prevented any public investigation into the biggest security failure in the history of the United States.

Removed more freedoms and civil liberties for Americans than any other president in US history.

In a little over two years created the most divided country in decades, possibly the most divided the US has ever been since the civil war.

Entered office with the strongest economy in US history and in less than two years turned every single economic category heading straight down.



Records and References:

At least one conviction for drunk driving in Maine (Texas driving record has been erased and is not available).

AWOL from National Guard and Deserted the military during a time of war.

Refuse to take drug test or even answer any questions about drug use.

All records of my tenure as governor of Texas have been spirited away to my fathers library, sealed in secrecy and un-available for public view.

All records of any SEC investigations into my insider trading or bankrupt companies are sealed in secrecy and un-available for public view.

All minutes of meetings for any public corporation I served on the board are sealed in secrecy and un-available for public view.

Any records or minutes from meetings I (or my VP) attended regarding public energy policy are sealed in secrecy and un-available for public review.

For personal references please speak to my daddy or Uncle James Baker (They can be reached at their offices of the Carlyle Group for war-profiteering
anonymous
2009-02-06 08:54:25 UTC
That wasn't Bush That was the DNC That caused that, Two years ago when the Democrats won the Mid-term elections, they began influencing Fanny Mae/Freddy Mac/ AIG and others to approve these HIG risk loans, McCain caught on to this and on the floor of the Senate seen on CSPAN told them not to do that, So 7 weeks before the Elections the Stock market collapses ? Bull Crap !! That was not a Coincidence ! The Dems Tanked the stock market to get their man in Office, anyone with half a brain knows that.



Now Look at the mistakes Obama has made just 2 weeks in Office, all these Nominees having Tax Problems



And Now Timothy Geithner ? The New Treasury Secretary ??!!

Geithner who failed to pay $34,023 in self-employment taxes from 2001 to 2004 when he worked at the International Monetary Fund ? This is the one whom we are trusting now for our Nations Treasury ?

This is insane.

Now if this was a Republican who did this, The News and all the Democrats would be screaming at the top of their lungs, But because he is a Democrat he can do no wrong ? Is this right ?



Making Geithner the Treasury Secretary is like Giving an alcoholic the keys to a liquor store
Antiliber
2009-02-06 08:51:48 UTC
Sure he is responsible for some of it .. It did happen on his watch, but before you listen to Obama lay blame on the republicans, do your own homework..





The Community Reinvestment Act



a United States federal law that requires banks and savings and loan associations to offer credit throughout their entire market area and prohibits them from targeting only wealthier neighborhoods with their services, a practice known as "redlining."



The CRA was passed by the 95th United States Congress and signed into law by President Jimmy Carter in 1977



Bush Sr. The Financial Institutions Reform Recovery and Enforcement Act of 1989 (FIRREA), enacted in the wake of the savings and loan crisis of the 1980s, increased public oversight of the process.



In early 1993 President Bill Clinton ordered new regulations for the CRA which would increase access to mortgage credit for inner city and distressed rural communities.[



G W Bush - In 2002 there was an interagency review of the effectiveness of the 1995 regulatory changes to the Community Reinvestment Act and new proposals were considered.[6] In related 2003 proposals, the Bush Administration recommended that a new Department of the Treasury agency should supervise the primary agents guaranteeing subprime loans, Fannie Mae and Freddie Mac. Congressional support was approximately split along Party lines and the proposal eventually failed.[



Congressman and 2008 Republican presidential candidate Ron Paul has partially attributed the ongoing subprime mortgage crisis to legislation such as the Community Reinvestment Act.[25] A Wall Street Journal editorial recently argued that the law compelled banks to make loans to poor borrowers who often could not repay them and that this contributed in part to the subprime crisis.[26]
anonymous
2009-02-06 09:03:07 UTC
Save two or three notable exceptions, all of his policies were completely wrong. Here's what he could have done differently:



- NOT cut taxes while fighting two wars.

- NOT talked up the housing bubble to help secure his reelection.

- NOT invaded Iraq on dubious, obviously fabricated evidence.

- NOT turned a blind eye to financial crimes of all sorts.

- NOT refused to regulate the capital markets and CDS market.

- NOT put the oil companies' profits ahead of the national interest.

- NOT pursued a policy of denial and obfuscation to energy/climate policy.

- NOT passed an above-market, drug company-handout Medicare Rx benefit.

- NOT privatized government functions at a sharp premium to their public-sector cost.



And so on. There's a lot more where that came from.
Heidi 4
2009-02-06 08:56:04 UTC
Not entirely. He needed the Democrat House and Senate to chomp at the bit to make sure everyone was a homeowner and none of them had any oversight on the interest these people were getting these loans who could not afford them, without any money down (nothing to lose if you walk out on your mortgage) and not really understanding or caring what an adjustment mortgage really meant.
I Have an OBAMA rash
2009-02-06 08:52:42 UTC
President Bush failed by not stopping the liberal agenda of the Democrats. He joined them in the liberal spending. The problem was the Democrat policies of the last 30 years finally caught up with our economy.
?
2009-02-06 09:25:45 UTC
Call and ask old Barney Frank. He thought loaning to those who cannot pay back showed his great love of humanity,
Smart Guy
2009-02-06 08:59:37 UTC
Slightly...he spent all his political capital on doing the right thing in Iraq, and thus had none left to stand up to the idiots in congress who artificially inflated our economy through their reckless promotion of home mortgages to people who could not afford them:



http://www.kfor.com/Global/story.asp?s=9080306
IgnoranceIsYou
2009-02-06 08:52:32 UTC
Let's see...he was the President of the United States. If he didn't manage the economy (or at least monitor it) what exactly was he doing? I mean, that's part of the job, isn't it? It's a total mystery to me why he isn't held totally accountable for the mess.
run_becky
2009-02-06 08:53:36 UTC
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killa d
2009-02-06 09:00:19 UTC
great questin,heres your answer.it started with sub-prime loans in the clinton administration,acorn forcing banks to loan money ,and ex clinton aids running AIG.A dem created problem and now they are rushing to to rescue for the unsuspecting sheep.
SFC_Ollie
2009-02-06 08:51:38 UTC
Congress spends the money. They hold the checkbook. And congress has been Democrat controlled for 25 months now. You think about it.





SFC

US Army

Retired
anonymous
2009-02-06 08:54:29 UTC
He didn't single handly get us where we were, but since he is steering the ship, he must take the blame.
anonymous
2009-02-06 08:51:10 UTC
It has to do with Americans spending toooooo much. Living outside their means... Loans, and all of that.. So we basically did it to ourselves....
anonymous
2009-02-06 08:57:03 UTC
No, of course he didn't. He was just a handy scapegoat for the liberals.
Your #1 fan
2009-02-06 08:53:24 UTC
No it was Alan Greenspan.
Jabber
2009-02-06 08:51:19 UTC
It's about to get worse! We have a democrat president and congress! (Big spenders)



http://www.americansolutions.com/Blog/Read.aspx?guid=dcda8b24-c6db-4d27-a4f8-fbe3b5fb740b
itsme6922
2009-02-06 08:51:03 UTC
a good portion of it...but not 100% his fault...but he really did nothing to slow it down either.....
Paulson G
2009-02-06 08:57:43 UTC
http://www.youtube.com/watch?v=aDy2CNMSLEI



Bushy.
anonymous
2009-02-06 08:50:18 UTC
You got it right, sparky.
anonymous
2009-02-06 08:49:52 UTC
No...he had nothing to do with it...he was a patsy


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