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#1 Dubya's wars,tax cuts, and bailouts are not what got us into this mess.
- Join Date
- Aug 2005
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- 22,891
04-18-2011, 01:40 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/articl...n-d-williamson
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