Big Media Distorts Bush Economic Record

Reader Comments

Back to blog

TGMIA of FLA...You''re obviously a liberal and just like most, disregards the facts.

1) The 52 months of job creation were a result of tax cuts which went to EVERY WORKING AMERICAN. They didn't just go to the wealthiest. WRONG!

The Deregulation of Wall St wasn't the main cause of people buying houses they couldn't afford. The main cause was the government policies (Liberal Democrats) that started with the community reinvestment act buy Jimmy Carter. This was increased dramatically by Bill Clinton and laws were written to force banks to make NINJA loans to unqualified buyers. Bush tried for 6 years to get the congress to rain in Fannie Mae and Freddie Mac but was blocked by Liberal Democrats every time. It's all on video. The geniuses like Barney Frank who said he didn't see any future problem with those institutions even after being warned by Allan Greenspan.---WRONG AGAIN!

Failed Comments. Terrible Writer. Ignorant or Outright Liar!

SWADE of NY 6:39PM January 26, 2012

This is nonsense. The 52 months of job growth were all due to the housing bubble, which was artificial as we all know, and fed by massive deregulation of Wall Street. This deregulation allowed all sorts of people who weren't qualified to buy houses, to be able to. Without the artificial stimulus of that crap, Bush would have had no job creation despite all the massive tax giveaways for the wealthiest Americans - the so-called "job creators." Didn't happen. Failed policy. Terrible president. Ruined the economy.

tgmia of FL 9:50AM January 15, 2012

Utter Propaganda.

Andrew of OR 4:50PM August 14, 2011

Cупер статья.Очень хорошо и подробно вы описали, спасибо.

folymyss of AL 1:29PM March 01, 2011

большое спасибо было интересно читать

elabyvierie of AL 12:44PM February 27, 2011

"6) Income inequality? A recent University of Chicago study found official income inequality statistics fail to take into account that lower-income Americans tend to consume more inexpensive Asian goods. As the study's authors conclude, "This price effect offsets almost all the rise in inequality measured by official statistics."

Perhaps the author fails to realize "that lower-income Americans tend to consume more inexpensive Asian goods" not by choice, but because that's what the income inequality allows them to afford. It is not only about the quantity of goods, but the quality. Ramen noodles and Chateaubriand are not analogous.

storeysound of ID 2:48PM September 07, 2010

To the above poster: Bush cannot manipulate information agreed apon by every single foreign intelligence agency in the world.

So STFU moron. The poster above about the "Bush fooled people into a war" is EXACTLY what the European king/queen mentality people want you to believe. HINT!!! AMERICA'S INTELLIGENCE REGARDING IRAQ HAD VERY VERY LITTLE TO DO WITH OUR WAR WIH THEM!! LOOK AT THE OVER ONE DOZEN UN SANCTION REGARDING IRAQ AND THE UNANIMOUS INTELLIGENCE FROM SEVERAL COUNTRIES NOT INFLUENCED BY THE USA WHICH ALLOWED FOR THE ATTACK.

Bush acted on intelligence. He DID NOT create it. To say so is to rewrite history. Don't believe me? Look it the hell up. So again STFU and do your research.

chris of WA 6:10AM July 11, 2010

uh 'our committments in the middle east?" I take it your referring to the fake war in Iraq Bush/Cheney manipulated data from to fool the general public that Saddam Hussein was the one who attacked us?

The war that utilized the Pentagon to generate PR in support the march to war that Bush and Cheney wanted, and that we never needed?

Oh yeah, we call those 'commitments' now, instead of a trillion dollars that never needed to have been flushed down the toilet by these idiots, not to mention the thousands of dead G.I.'s who's lives were tossed away as cannon fodder.

paul soto of NE 10:13PM January 25, 2010

Don't let the Liberal media fool you.

C.A. Loring of FL 9:03AM February 09, 2009

1. Bush was unlucky? Maybe. Or maybe those tax cuts helped get us in a recession?

2. Bush's best numbers only hit Clinton's average. So we had 4+ years of job growth. Barely eking out a gain for so long is nothing to brag about. Those tax cuts really didn't seem to generate the jobs that they were supposed to bring.

3. Bush as a Conservative? He fails in every way except for socially. It is a joke.

4. We're currently looking at deficit problems with Social Security in 2049. Interestingly enough that's 8 years more than it was 8 years ago. And that could be even better if we had had decent jobs growth. Which makes the youngest baby boomers 84 when that happens, so making this a "problem" with the baby boomers is a crock. Then again I had already realized that 8 years ago. Health care is a problem, and the Medicare Part D crap certainly didn't do a thing to alleviate that either.

5. Overestimation of the rate of inflation? You only figure that if you are on drugs. It gets figured x-food, x-energy, probably other x-things and with generous amounts of "this improved this much, so we're only going to account for %x of the price in the figures". It is in the best interest of the government to underestimate inflation.

6. So buying at Wal-Mart can be compared to shopping upscale, like at Macy's? Just because their goods can be bought cheaply (with corresponding crap jobs) there's no inequality. Buy a Korean car, it's just as good and comparable to buying a German car. There's no difference!

7. It's not just the last 7 months. The past 8 years have not been as great as people think it has been. An audit should be done as soon as possible when the new president takes office. Why? I just don't believe any of the figures that come out of the Bush II administration. They worked so hard to make the argument for invading Iraq (and forgetting the reason why we invaded Afghanistan) and for stifling anybody that had anything to say about global warming, I think they just make lies to fit what they want things to say, and it's all things and it's all lies.

The bottom line is that the next president already has his hands full just in dealing with Bush has left us with. Two wars with the threat of a third, cronies everywhere and an ever increasing deficit that I'll certainly never live long enough to see paid down let alone paid off.

Bryan Price of FL 1:42AM January 15, 2009

Add Your Thoughts
Your comment will be posted immediately, unless it is spam or contains profanity. For more information, please see our Comments FAQ.

Back to blog

Capital Commerce

U.S. News business reporter Matthew Bandyk examines the issues, people, and debates that shape the nexus of political and economic life in the nation's capital.

advertisement

advertisement