PDA

View Full Version : Dubya's wars,tax cuts, and bailouts are not what got us into this mess.



megimoo
04-18-2011, 12:40 PM
Can’t Blame Bush. Dubya's wars,tax cuts, and bailouts are not what got us into this mess.

Your average poorly informed lefty (but I repeat myself) will reliably tell you that our current fiscal straits are the result of three things: 1. Bush’s wars; 2. Bush’s tax cuts for the rich; 3. Bush’s bank bailouts.

That is not true, of course: The main bank bailouts (odious as they were) have been paid back, often at a profit. The money-losing parts (and the likely money-losing parts) are the ones insisted upon by Barack Obama and his Democratic colleagues: the foreclosure-prevention programs, the endless maintenance of Fannie Mae and Freddie Mac, etc. The Iraq War, in its most expensive..

http://www.nationalreview.com/articles/264917/not-tax-cuts-not-wars-and-not-bailouts-kevin-d-williamson