statesmanjournal.com
August 16, 2009
Bush was not cause of worldwide financial mess
Past President Bush is not responsible for the implosion of the U.S. economic bubble and the current economic crisis.
Prior to any crisis, the whole world was reporting skyrocketing real estate and stock market prices.
The whole world is now experiencing the implosion of an economic bubble. All forms of governments are affected by a financial crisis. Included are communist countries like Russia, European socialist democracies and capitalistic U.S.A. Bush cannot possibly be responsible for a worldwide crisis.
President Obama argued for a financial stimulus to jump start the U.S. economy by creating4 million jobs and keeping the unemployment rate under8 percent. Virtually no new jobs have been created, and unemployment is now9.5 percent.
Obama on July 10 said that the stimulus had not worked and floated the idea of another stimulus but got no support. Only days later Obama reversed himself as he is wont to do and said the stimulus was working.
The stimulus has not worked and could not work because of its defective implementation. Instead of stimulating the U.S. free-enterprise economy by providing needed liquidity, the stimulus money was used to promote Obama and his Democrat Party's political power.
— Richard Laquess, Keizer
August 16, 2009
Bush was not cause of worldwide financial mess
Past President Bush is not responsible for the implosion of the U.S. economic bubble and the current economic crisis.
Prior to any crisis, the whole world was reporting skyrocketing real estate and stock market prices.
The whole world is now experiencing the implosion of an economic bubble. All forms of governments are affected by a financial crisis. Included are communist countries like Russia, European socialist democracies and capitalistic U.S.A. Bush cannot possibly be responsible for a worldwide crisis.
President Obama argued for a financial stimulus to jump start the U.S. economy by creating4 million jobs and keeping the unemployment rate under8 percent. Virtually no new jobs have been created, and unemployment is now9.5 percent.
Obama on July 10 said that the stimulus had not worked and floated the idea of another stimulus but got no support. Only days later Obama reversed himself as he is wont to do and said the stimulus was working.
The stimulus has not worked and could not work because of its defective implementation. Instead of stimulating the U.S. free-enterprise economy by providing needed liquidity, the stimulus money was used to promote Obama and his Democrat Party's political power.
— Richard Laquess, Keizer
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