Bush and Cheney remind us how we got into this mess

That is a real possibility also. There will be a number of factors that will influence their conclusions. Congress will have its share of blame also.

 

1. Housing prices had gone up so fast that is seemed to me that there had to be a housing bubble that had to pop. I saw a house on my street that was sold for about $75,000, in two years it sold for $200,000 and two years later half a million. This was a ridiculous price and there was no way such increases could be sustained.

2. Derivatives were receiving some bad press and it seemed likely these were going to lead to trouble. My stock broker also voiced concern about them. I did not realize how big the trouble was going to be when it did hit. I did not foresee the demise of major brokerage houses or the extent of the banking problem.

3. The debt was and had been growing. This meant there had to be trouble and a day of reckoning coming.

4. It seemed from actions or lack of them that B and C were hoping to be out of office when the crisis hit. They must have had advisers who were telling them of upcoming problems. I realize the B did not like hearing what he did not want to hear. But surely some were telling them of foreseeable problems. I read an editorial, can't remember where, back about 2004 or 2005 where the writer said he/she believed B was not concerned about the deficit as it would be a problem for the next president. I do not know if this is true or not, but it did give me pause to think about this possibility.

5. I knew and still know that top officials have privy to information that I and the general public do not. But I had a very bad feeling about what little I did know.

I hope this helps in understanding where I was coming from.

 

Proof please. Proof please.

Give me a link to this information. Half a million? Really? Give me a link please.

Who sent troops in? Who spent trillions?

Ah, but who set it up? Who was in control of the Congress for 12 years? Who was in the presidential office?

At least Truman was honest with his sign that said, "The Buck Stops Here."

Hyper Bush apologists cannot change the fact of who was in office and wo really got us into this mess.

Cheers.[/size]

 

Yes, he accuses others of disappearing but avoids responding to questions or requests for backup information. It is always either the president before GB or the one following him who is at fault.

I find it amusing to see how far the hyper Bush apologists will go to protect their hero from any critical, but truthful, remark or fact. It is rather like GB refusal to ever admit a mistake. I am sure there is a name for this psychological syndrome but I do not know what it called.

 

No one is arguing that the deficit has become much worse in the last years. The thread is about when it started. We were running a surplus when he took office. In his [Bush's] political philosophy this is, so it seems from his track record, a bad thing. He immediately set about tax cuts and then began two wars that have been, economically at least, disastrous for the US.

The Bush apologists refuse to admit that the Bush administration started us on this downward spiral. Remember the first bank bailout was in the last days of the Bush administration.

GB could never bring himself to admit he made any mistakes. From the last interview I read he still cannot. His apologists seem to have the same psychological near-sightedness.