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Thread: GW Bush and recession?

  1. #11
    usa us massachusetts
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    So another $trillion war would help the economy?

  2. #12

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    Quote Originally Posted by Kcsorba View Post
    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.

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    Quote Originally Posted by hilbert View Post
    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.

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    No president in history has created or ended a recession.
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    Simply Look at ALL the Data from the Year 2008 and before ...
    Last edited by Cigar; Feb 20 2012 at 05:36 AM.
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    Quote Originally Posted by hilbert View Post
    Were GW Bush's actions a major contributor to our global recession?
    Nope.

    It was Barney Frank, Nancy Pelosi, and Barack Obama

    I am jack's righteous indignation....


    With their infernal racial set-asides, racial quotas, and race norming, liberals share many of the Klan's premises. The Klan sees the world in terms of race and ethnicity. So do liberals! Indeed, liberals and white supremacists are the only people left in America who are neurotically obsessed with race. Conservatives champion a color-blind society. -- Ann Coulter

  7. #17

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    Quote Originally Posted by BestViewedWithCable View Post
    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.

  8. Default

    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)
    Last edited by DA60; Feb 25 2012 at 12:37 AM.

  9. #19

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    Quote Originally Posted by hilbert View Post

    Were Gw Bush's Actions A Major Contributor To Our Global Recession?
    Nope!......
    If you want to anger a liberal, tell him the truth.
    If you want to anger a Conservative, tell him a lie.

  10. #20

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    Quote Originally Posted by Sir Thaddeus View Post
    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.
    Last edited by Iriemon; Feb 25 2012 at 07:46 AM.

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