Bush To Write Book On Boosting Economic Growth
- Thread starter Straight Shooter
- Start date
StanScratch
My Penis Is Dancing!
"Step One: Take everything I did in office and do the opposite..."
It will either be a very short book, or a book good for those with short memories.
It will either be a very short book, or a book good for those with short memories.
PirateKing
█▀█▀█ █ █
The balls on this guy....
Who told him he could even come out of hiding?
Who told him he could even come out of hiding?
Will E Worm
Conspiracy...
Ghostwriter :yesyes:
StanScratch
My Penis Is Dancing!
I see what you did there...you turned a thread about the short comings of your hero and turn it lame. At least you succeeded.
Facetious
Moderated
Yes, seriously. How was Bush supposed to stop all of the joos from doing what they do best on Wall Street, cyclically ripping off investors by means of poor, questionable and/or downright illegal accounting and/or management practices?
Are you also going to hold ''w'' responsible for what did or didn't go on within the ranks of the Securities & Exchange Commish pre 2008.... Remember that story about all of those bureaucrats who were supposed to be monitoring big trading but instead they were downloading porn day after day after day?
From Huff Post: SEC Porn Probe: Staffers Watched Porn As Economy Crashed
This is what you get for a gaggle of entitlement minded bureaucrats... a job position less any personal accountability, a hefty six figure income, a lavish retirement pension lifetime medical & dental insurance. Parasites of the worst order if you ask me.
Sure, 'w' should assume part of the blame for the economic downturn, but I wouldn't exactly call it bush's recession... Wasn't it the collapse of Bear Stearns that catalyzed the crash?
First off, Bush isn't my hero. Second Bush had faults and shortcomings. Thirdly I made a thread numbah 1 with my post.
It was actually straightforward, self-regulation fucked everything up.
"The program Mr. Cox abolished was unanimously approved in 2004 by the commission under his predecessor, William H. Donaldson. Known by the clumsy title of “consolidated supervised entities,” the program allowed the S.E.C. to monitor the parent companies of major Wall Street firms, even though technically the agency had authority over only the firms’ brokerage firm components.
The commission created the program after heavy lobbying for the plan from all five big investment banks. At the time, Mr. Paulson was the head of Goldman Sachs. He left two years later to become the Treasury secretary and has been the architect of the administration’s bailout plan."
http://www.nytimes.com/2008/09/27/business/27sec.html?em
Appointing people who have interest in regulating properly also works, take Richard Cordray for example.
The vast bulk of the debt is the result of policies enacted during the Bush administration coupled with automatic increases in federal spending and decreases in tax revenue triggered by the economic downturn.
Bush's policies added $5.07 trillion to the deficit
Rey C.
Racing is life... anything else is just waiting.
You mean government spending as a percentage of GDP. And yes, it is historically high right now. That usually happens during, and in the time following recessions. I would also like to see government spending reduced. But more importantly, what is necessary is for GDP to expand at a higher rate than it currently is. Growth is what we need. Spending cuts will help to reduce the deficit. But that (alone) doesn't promote growth. That, as much as decreasing spending, will bring that ratio back into an historically normal range.
BTW, if you're disturbed by the current level of government spending versus GDP, ask your dad what that percentage averaged under Ronald Reagan. Hint: it was not less than 18%.
But the OP isn't about Obama's spending. Let's not derail the thread. It's about a guy whose his own wife questioned his ability to read a book... now writing a book.
The rise was due to the recession and the money spent by government under Both Obama and Bush to close the output gap in the economy. Also, unless healthcare spending is driven down, it woudl be very difficult to keep the ratio near 18%.
Another good chart on what's causing the debt increase.
Just rip everybody else off have rich parents and its all good.....
