Posts Tagged ‘Bush debt’

Liberals Keep Blaming Bush And Keep Sounding More and More Like DUMBASSES

July 30, 2012

I get comments like this one all the time:

Dumbass, why dont you consider the MASSIVE drop in revenues due to the economic cliff the US fell off due to Bush’s policys. The downslide started mid 2007, sorry new president takes the helm in jan. 2009! Ship was sinking, obama just trying to bail out the water with resistance from all Republicans ! I hope gets on so we can blame everything on him…

So what can I say to such a brilliant mind?  Plenty:

Five things:

1) When George Bush took office, we had suffered the DotCom bubble collapse and Bush inherited a terrible recession (a couple of facts: America lost $7.1 trillion in wealth and the Nasdaq valuation lost 78% of its value). On top of that, America suffered the 9/11 attack because Bill Clinton had annihilated the military and intelligence budgets and capabilities in order to brag he “balanced the budget.” The 9/11 attack created an even DEEPER recession because the American people were afraid to travel to vacation or do business for a long time afterward. Bush started out in a hell hole.  But did you defend Bush, Charles? No, because you’re a demon-possessed cockroach hypocrite and you will only see the world as a leftwing ideologue.  It’s like the gas price spike: when Bush was president, the rise in prices were all Bush’s fault because Bush was president:

But now Obama’s the president and the fact that gas prices have averaged FAR more during Obama’s presidency (gas prices have averaged $3.25 under Obama versus only $2.33 under Bush) isn’t Obama’s fault at all.  The same thing is true of our spending and debt and the same damn thing is true of liberal hoity-toity issues like Gitmo.  At some point every liberal skull will explode from trying to contain all the contradictions.

I wrote an article right after the election that pretty much sums up my views: “Do Unto Obama As Liberals Did Unto Bush.”  It comes down to this: by your own measure shall ye be measured.  You don’t get to attack Bush and Republicans for eight years by going after Bush like rabid pit bulls attacking bloody meat and then get sanctimonious with us.  Dumbass.  Especially when by any measure: GDP growth, jobs, household wealth, deficits, spending, debt, consumer confidence, or any other measure, the economy did FAR better during the eight years of Bush than it EVER has under Obama.

As we speak, only 14% of Americans think their children will be better off than they were, versus 65% who think their children will be worse off.  That is the lowest it has EVER been.  Why is it Bush’s fault that in the fourth year of Obama Americans overwhelmingly believe the nation is heading in the wrong direction under Obama’s policies???  Even if Bush did everything terrible; shouldn’t Obama have been able to improve from terrible???  But he hasn’t; he’s made “terrible” MORE terrible.

2) Do you know what sane people do (my bad - of COURSE you don’t know what sane people do!) if they have less revenue? THEY SPEND LESS, YOU DUMBASS. But somehow your messiah never got the sanity memo so instead of spending less he imposed spending after spending measure and imposed levels of bureaucrats and regulators that this nation has never seen. You people are like the millionaire’s son who pisses away his inheritance and then says, “Well, it’s not like that means I’ve got to spend less or anything; I’m ENTITLED to spend more. I think I’ll go buy a Ferrari and crash it after a drunken party  And then I’ll celebrate ‘my recovery’ by buying another Ferrari.”

Even if everything you said was true – and it’s not – we should be spending LESS.  But what is your messiah doing?  He’s spending three times more and blaming Bush.  That is morally and rationally insane.

Liberals have a GSA-view of the universe.  But as Margaret Thatcher once famously said, “The problem with socialism is that eventually you run out of other peoples’ money.”

3) Then there’s the fact that Democrats were nearly TOTALLY to blame for imposing all of the idiotic conditions that led to your “Massive drop in revenues.” “Bush’s policies?” Bush tried SEVENTEEN TIMES to reform and regulate Fannie Mae and Freddie Mac before it collapsed, you abject dumbass. Bush began trying back in 2003, and even the New York Slimes records that conservative economists were predicting back in 1999 that these stupid and immoral Democrat policies would explode the economy:

New York Times, Sep 30, 1999: “Fannie Mae, the nation’s biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits. [...]

In moving, even tentatively, into this new area of lending, Fannie Mae is taking on significantly more risk, which may not pose any difficulties during flush economic times. But the government-subsidized corporation may run into trouble in an economic downturn, prompting a government rescue similar to that of the savings and loan industry in the 1980′s.

From the perspective of many people, including me, this is another thrift industry growing up around us,” said Peter Wallison a resident fellow at the American Enterprise Institute. ”If they fail, the government will have to step up and bail them out the way it stepped up and bailed out the thrift industry.”

Barney Frank stated:

These two entities — Fannie Mae and Freddie Mac — are not facing any kind of financial crisis,” said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ”The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.”

Just before the bankruptcy and collapse of Fannie Mae and Freddie Mac in 2008, Barney Frank said THIS:

REP. BARNEY FRANK, D-MASS.: I think this is a case where Fannie and Freddie are fundamentally sound, that they are not in danger of going under. They’re not the best investments these days from the long-term standpoint going back. I think they are in good shape going forward.

Dumbass, IT IS A DOCUMENTED FACT OF HISTORY THAT FANNIE MAE AND FREDDIE MAC COLLAPSED ON SEPTEMBER 7, 2008 BEFORE ANY OTHER PRIVATE SECTOR PLAYER. Merill Lynch and Lehmen Brothers went down AFTER the GSEs and BECAUSE they suddenly found themselves holding billions of dollars in worthless Fannie and Freddie mortgage backed securities.  That was because Fannie and Freddie had bundled thousands mortgages together into their securities such that there was no way to separate the toxic debt from the good debt.  The entire system collapsed because the entire mortgage financial system suddenly became “toxic” due to that inability of the market to distinguish good debt and risk from toxic debt and risk.  ONLY Fannie Mae and Freddie Mac were authorized to bundle those mortgage backed securities and then sell them to the private sector. THAT was what caused the housing mortgage collapse that led to our 2008 economic implosion.  At the time of their collapse, the GSEs controlled 70% of all new home purchases.  It was that supermassive black hole of Democrat stupidity and depravity that imploded America in 2008.

I’ve preserved all of that and more here.

If the above isn’t bad enough, Obama has decided after demagoguing the crisis his party started in 2008 that 2008 never really even happened: he’s going right back to the policies that blew up the housing mortgage market in the first place.

If that isn’t enough, consider that between Democrat-imposed Social Security boondoggle and the Medicare and Medicaid boondoggles, the REAL national debt is well over $211 TRILLIONOur real yearly debt under Obama is nearly $6 trillion in the red every single year until America implodes and dies when our credit rating goes down again and our interest rates skyrocket.  And when you add to that the unfunded pension liabilities of liberal states like California and Illinois, we are well and truly screwed with Democrats being virtually entirely responsible for every penny of our unpayable and unsustainable debt that will necessarily bankrupt and kill America.  And all of this government takeover has been imposed in the name of helping the poor when history proves it has done the exact opposite.

And you’re going to blame Bush, you lunatic?

So you can take your “fell off due to Bush’s policies” and stuff them right up your idiot pie hole. Bush’s policies gave us an average 5.26% unemployment rate. When your messiah lives up to his lies come back and talk to me.

4) But let’s consider that in conservative states like Texas and Nebraska and North Dakota, the economies are surging and people from liberal states are moving to red states in DROVES to get jobs they won’t ever be able to get from retards like Democrats. These red states and several other red states have balanced their budgets. So why can’t Obama balance his damn budget instead of giving us four consecutive years of over a trillion in deficit for the first time in the entire history of the entire human race???

5) Obama told the American people that his policies would result in 5.6% unemployment by now and there would therefore be millions of Americans paying lots and lots of taxes. Obama promised us his policies would generate 4.3 percent GDP growth. Where was that promised economic recovery that would have obliterated the recession, you dumbass? You wouldn’t need to be making your dumbass excuses now if your messiah hadn’t lied to the American people.  Now Obama has to rely on pure crap to sell his lies, just like you. But instead your antichrist messiah has given us the worst labor participation rate since Jimmy Carter broke America and Ronald Reagan had to put it back together again. And if you compare Obama’s policies to Reagan’s policies you can understand why Reagan GREW the economy after everything went to hell and Obama is just going from bad to worse.  So on your very “dumbass” view YOUR messiah is a “dumbass.”  Either that, or it’s now your view that Obama LIED when he said he had a solution and he LIED when he projected that his policies would turn the economy around.  I guess what you’re saying is that it’s really “Bush’s fault” that Obama is a lying fool.


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