Skip to main content

View Diary: 25 Reasons Why We are Better Off Today than Four Years Ago (126 comments)

Comment Preferences

  •  Clinton handed Bush a frigging 230 billion (2+ / 0-)
    Recommended by:
    Turbonerd, Supavash

    Budget surplus. After 8 years of bleeding the economy with Tax cuts, and his pet wars, Bush handed Obama a nation on the verge of economic collapse.

    I'm shocked that you don't remember the banking crisis... Its a direct product of a failure to regulate the financial industry. Responsibility does not neatly fall on only the Republicans only for failure to regulate. But it is most certainly part of their religion - That regulation restrains business.  And something they certainly push with the greatest vehemence

    the bulk of the blame {for the financial crisis} lies with the policy makers and regulators who were on duty while the housing bubble inflated and Wall Street went wild — the Bush administration and Alan Greenspan’s Federal Reserve. Their near-religious belief in the powers of the market led them to conclude that the mere fact that a company was willing to make an investment made that investment O.K.

    "We have always known that heedless self-interest was bad morals; we know now that it is bad economics" - F.D.R.

    by biscobosco on Mon Sep 03, 2012 at 10:29:50 AM PDT

    [ Parent ]

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site