Thread: GW Bush and recession?

So another $trillion war would help the economy?

Originally Posted by Kcsorba

You can not blame the collapse of a nation's economy on one man because the banks had loans people couldn't pay back and the fall of the housing market. Bush did his best to keep the nation from entering another Great Depression, and I feel like we were able to avoid such a situation thanks to him. A lot of people disapprove of Bush because of his actions following 9/11 and the fact he was in office when the recession hit. Bush took the right course of action in my opinion.

It's easy to point fingers in hindsight, I agree. And I do credit Bush and Paulson for being brave enough to stand up to their own party to do what had to be done when the financial markets collapsed in passing TARP.

However, it cannot be denied that the housing bubble blew up completely while Bush was in the WH and Republicans controlled congress. There steadfast, unwavering adherence to policies like anti-regulation, promotion of home ownership, and cutting investment taxes helped to allow a crisis to be created that could have been adverted.

Originally Posted by hilbert

Were GW Bush's actions a major contributor to our global recession?

Yes, his actions and more to the point his lack of action and lack of enforcement were a huge factor in the bush recession.

No president in history has created or ended a recession.

Simply Look at ALL the Data from the Year 2008 and before ...

Originally Posted by hilbert

Were GW Bush's actions a major contributor to our global recession?

Nope.

It was Barney Frank, Nancy Pelosi, and Barack Obama

Originally Posted by BestViewedWithCable

Nope.

It was Barney Frank, Nancy Pelosi, and Barack Obama

Nope. It was Bush and the Republicans.

Baseless opinionating is fun and easy, isn't it. You conservatives do is so well.

I think it is hard to tell exactly.

I think he - more then any other world leader that comes to mind - contributed to the housing boom/bust and economic collapse.

It was GWB's 'baby' to get the low income housing program going. And he got HUD to give Fannie/Freddie the funds to kick start it.

And this clearly had a very large part to play in the whole saga.

Though personally, I think the Fed was more at fault then any other single entity.


BTW - I think Obama is the number one world politician to blame as to why the US economky still generally stinks.

(in case some foaming at the mouth Bush lover thinks I am an Obama fan)

Originally Posted by hilbert

Were Gw Bush's Actions A Major Contributor To Our Global Recession?

Nope!......

Originally Posted by Sir Thaddeus

No president in history has created or ended a recession.

According to conservative "experts" here at PF you are quite incorrect and Obama is responsible for the economy.