Tempest

Or does he just twist the truth however he wants??

He's giving some speech about the economic state of the US and he says something about not being unfamiliar with bad economic times and that he "inherited a recession".... ok... Way back at that point, Clinton was campaigning for Gore stating that a recession would occur if Bush carried out his economic plan. Bush campaigned that there was no recession on it's way and his plan was a great one. This back and forth really stuck in my mind as it was clear to me Bush didn't know what the fuck he was talking about.. yes it's true... even way back then... and so what happened???? Recession... Now he rewrites history and says he "inherited" it....

Yes I know.. every politician twists the truth.. But Bush seems to take it to a whole new level..

Christina Muller

Take what Bush says about as seroius as the last info minister of iraq

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Matt 26z

It would be great to have video of Bush saying that now, and then play what he and Clinton were saying back then.

Phil

When Mccain comes to white house you’ll be thinking about W .. Mark my words.

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spunkmaster

On Jan 20, 2001 president Clinton said there was no recession and then a week later there was a recession when Bush was President !

So, you're saying that Bush fucked up and caused a recession withing one week ?

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Tempest

yeah.. that's what I'm saying... no... at that time there wasn't a recession.. Clinton had been warning of an economic slowdown and Bush said the opposite during the campaign.. Once Bush had won, then Cheney and him said there were indications that the economy "might" be slowing down.. The Fed acted in Dec 2000.. The recession wasn't "official" until March 2001 I think..

But you missed my point entirely...

Sort of interesting how Bush starts with a recession and ends with one.. Not the first time actually.. If you look at most presidencies that last 8 years, they often start and end with recessions. It tends to be cyclic in nature but the polictical parties feed the masses crap to make them believe it's the current parties/presidents fault..

GrouchyAdmin

Not to mention that many bills that went into effect under Bush's first term were signed in by Clinton.. and all of the missing 'W' keys on those government keyboards costing each of us at least $5. Man, that's a whole fucking Pizza Mia pizza (only at PizzaHut for a limited time.)

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V_RocKs

3 friends got together and took over the US...

Bush
Cheney
Rumsfield

Tempest

You missed a few
Lewis Libby
Paul Wolfowitz

oh hell.. everyone involved with this basically... http://www.newamericancentury.org/.. around 8 that were closely involved with that were put in positions of power so they could "make it so"...

Paul Markham

For Bush there is no recession, no slow down and no economic problems. He's got nothing to worry about at all. The guy has made millions in the last 7 years.

"Bush campaigned that there was no recession on it's way and his plan was a great one."

For him there is and was no recession and for him the plan was a great one.

Did you think he was talking about the US and world in general??

US education needs to step u a gear.

The above was sarcasm and the best sarcasm is the one that tells the truth.

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IllTestYourGirls

You have to go back about 100 years to see who took over the US... starts with a F ends with D Hint they also caused the first great depression.

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ADL Colin

I'd agree with Bush on that one. He came into office on January 20, 2001 and according to the NBER the recession started March, 2001. It takes a lot longer for any policy to work through the huge economic system than that. What Bush policies set in those 38 days could have possibly caused the onset of a recession by march?

Anyway, economic activity seemed to have started to decline in late 2000 before Bush made it into office. For example, Industrial production peaked in October of 2000. Also, the Fed was getting tighter raising the discount rate from 5 1/2% to 6 1/2% in 2000.

But it was a really mild recession anyway so what does it really matter.

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Fap

eh he's gone soon, who cares

Michaelious

Government comes from two words which meant in latin, mind control.

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spanky part 2

Do you fucking conservatives ever take responsibility for anything. Holy fuck. the first recession was clintons fault, 9-11 was clintons fault, the war in iraq was clintons fault.

Bush is the biggest pile of warm soft shit that has ever taken office, and that is me being nice to him. Get over it, we are living thru the worst presidency in the history of the us, and thank god it will be over soon.

ADL Colin

I don't see any reason to blame either president for that recession.

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spanky part 2

Oh yeah, Bush's fiscal plan has been a work of wonder. gimme a break

xmas13

It's the Jews and the Nazis, they have taken over the US!

(Irony). Commie shit.

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Berlin GangBang

And the Americans Germany :-)

ADL Colin

"That recession". We're talking about the recession that started March, 2001. What "fiscal plan" of Bush's caused, say, industrial production to peak 2 months BEFORE he came into office (October of 2000) ? What did he do in the 38 days from his inauguration until March to cause a sudden recession?

Real personal income peaked in November 2000. There was evidence of slowing in late 2000.

December 6, 2000 beige book.
"District reports indicated some further evidence of slowing in economic growth, along with ongoing increases in cost pressures ...
Manufacturing activity was said to be leveling off or slowing in most Districts. The sector was described as flat in Philadelphia, Richmond and Kansas City, and slowing in Boston, Cleveland, Atlanta, Chicago, St. Louis, and Dallas. However, continued expansion was reported in Minneapolis and San Francisco"

So you had a slowdown in industrial production and economic growth in general in late 2000, a slowing to leveling off in manufacturing activity and of course a historic stock market bubble especially in tech. Then in March the tech bubble burst causing the loss of hundreds of billions of dollars in market value. wow, webvan really wasn't worth $1.5 billion? The tech bubble bursting was coincident with a decrease in business investment which was followed by a further decrease in manufacturing and production and then a rise in unemployment.

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Isradude

good one

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spanky part 2

Like I said, you fucks won't take blame for anything. Who's fault is this latest recession? Must be the next presidents...right?

ADL Colin

Why would *I* take the blame for anything? Who is "you fucks" and what do i have to do with it. I have close to a zero influence on the economy. What group do you think I am a member of? Republicans? Politicians? Current administration? American? Consumer? Maybe you think I am part of a shadow organization that secretly controls the economy?

My take on the current economic difficulties? Well since you asked ...

The FED cut rates too low for too long which made a real estate bubble possible. Investors, speculators, mortgage brokers, banks and pretty much about 90% of the population came to believe that "housing prices only go up" which was followed by the assertion that "real estate bubbles only happen regionally". "This time is different". The mantra of all bubbles past and present. You know you are in a classic bubble when Barnes and Noble has three racks of books on "How to Get Rich In Real Estate". People flipping houses and all that jazz. All of this made easier with easy credit and financial products (various asset backed securities) removing most of the risk from the people making the lending decisions.

Well, predictably the bubble burst. Now hundreds of billions of dollars of equity are being lost and there is a financial crisis spreading to the broader economy. Hundreds of billions of financial write-downs, the failure of a few institutions and the threat of more and bigger failures.

You can throw in eight consecutive years of deficit spending on top of that. An expensive war and Bush' Medicare D being two primary culprits there. And a trade deficit. This has weakened the dollar and helped fuel a commodities boom causing energy and food prices especially to rise. This has been and is hurting the budget of the consumer. We have now probably reached the place where the future expectation of gas and food prices is higher.

Where will we go from here? Dunno the answer to that one.

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ADL Colin

And as far as Medicare D and the Iraq War look at these costs:

Iraq has probably cost us what, maybe about $500 billion so far. Dunno when and where that will end. Total costs of Medicare D are projected to be $700 billlion through 2015. These expenses are going to cause higher future taxes. Medicare D? This will hurt our budget for decades at least. So despite the tax cuts by Bush, Congress and the Senate we are still going to pay with higher taxation later. Higher than we would have anyway. And higher taxes means less investment and a drag on the economy.

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xmas13

Cited for proof. You evil satanic freemason.

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DaddyHalbucks

If you guys think things are bad now, vote for Hillary or Obama. See what government/ socialized medicine does to the economy.

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Boner Money

ADL Colin

We made the 5 purple too.

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Tom_PM

Bushes own economic team when he took office said there was a surplus that they inherited, and that the country was NOT in recession. This is on the record.

This is nothing compared to the cia and weapons experts stating at the time in written memo's to the administration that the famous "aluminum tubes" in Iraq were *NOT SUITABLE FOR ENRICHING URANIUM*, yet Bush, Cheney, Rumsfeld, Wolfowitz and Rice stated repeatedly that this was their sole purpose and Iraq's intent.

They're just simple liars. If it doesnt fit, just tell a lie. Put a period on it already.

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ADL Colin

Bush pushed Medicare D hard. That was his baby and a campaign promise.That will cost us trillions. Aren't you pissed?

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Dirty Lord

LOL... sure he lives...

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pocketkangaroo

Not as much as the government/socialized military costs.

ADL Colin

Right. We weren't in a recession in January of 2001. It started in March of 2001. The question is whether Bush can reasonably take any of the blame for a recession that started just 38 days after he took office when there were already signs of an economic downturn in 2000. I don't think so.

The National Bureau of Economic Research panel debated whether the recession started as early as January anyway.

"The committee is waiting for more data at this point in time, and there might be changes to the historical dates of other recessions," Zerwitz said, noting the committee has set dates for every U.S. recession and expansion since 1854. She added that, while the revision could be as dramatic as moving the starting date of the recession all the way back to November 2000, it could also be less drastic -- moving the date back to February 2001, when payrolls outside the farm sector peaked, for example, according to Labor Department measures ... Zerwitz added that neither Bush nor Clinton should be held responsible for a cyclical recession."

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notoldschool

yeah and Mccain is going to make things better heading down the same path as GWB. Is that what your trying to say? Save your lame ass comments for the lodge meetings. I admit there is no difference between Mccain and Clinton but atleast Obama can speak english without crying or forgeting what century or country he is in. Its idiots like yourself that got us in this situation. Now go outside, stare at the GW4 sticker on your aging peice of shit SUV and say, "Im part of the problem".

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Tom_PM

OK so then Bush SHOULD be saying "I inherited a massive surplus, and an economy that was showing signs of entering a recession shortly after I took office."

Then he can explain why he considers adding jobs in GOVERNMENT as "job growth", when he conveniently just omits the massive job losses in the private sector. What kind of person does that?

He's just a huge liar.

We can define this and that, and say this and that to prove anything. Bush is still just a liar who paints himself like a hero when he's really just a happy jackass. IMHO of course.

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43-922-863 Shut up and play your guitar.

pocketkangaroo

He surrounded himself with people who are so far removed from reality that it's sick. Remember, this is the same administration that said we'd be treated as liberators and the oil would pay for the war.

Tom_PM

Bushes problem was he took Cheney, and hired all these old school neo-cons who used the piss out of his happy go lucky ass. IMHO. They walk directly all over him over and over again.

I'm bitter and in a bad mood, sorry.

edit: pocketkangaroo, yep! posted same time

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xmas13

How many times will i have to tell web citizens that a President in a Western Democracy doesn't manage the economy, doesn't write his speeches, is not the master of armed forces, is not an economist...etc. There are advisers on security, economic or foreign policy issues, advisers who are told what to advise, and speech writers who are told what to write.

You start your reasoning with false assumptions and end up with a very distorted view of reality.

Anyone here knows George Walker Bush Jr. personally? I don't thinks so. Don't judge people you don't even know.

You criticize a system you don't know, and people you don't know.

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notoldschool

Another lame ass post by an ignorant traitor supporter. Can you please fill us in on who was the man that hired all the ignorant fucks who are ruining our economy? Now try again.

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xmas13

Try to apply for an executive job at ExxonMobil, job at the State Department or the Department of Defense, and then come back here with the results.

Stick to porn, it's all you seem to know.

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xmas13

Bush administration hater = American hater = Jew hater.

99% of facts don't point that Jews, Americans, Bush are evil, people (leftists, islamists) assume they are, and then grab the other 1% of facts to brainwash more people.

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xmas13

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Tom_PM

What in the HELL are you talking about?

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43-922-863 Shut up and play your guitar.

notoldschool

LOL.. no shit. That guy is delusional and I bet he never sacrificed a single second for his country. Just another loser who thinks Bush is god.

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directfiesta

and I thought Xmas was only once a year ....

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I know that Asspimple is stoopid ... As he says, it is a FACT !

But I can't figure out how he can breathe or type , at the same time ....

ADL Colin

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Tempest

You missed my point... My point is that Bush simply remakes history to his own liking... When Clinton said a recession was on the way based on the economic slow down, Bush said no there wasn't... AFTER he won the election he then started to say what Clinton had been saying during the campaign... The recession didn't occur until after he was in office and yet he says he inherited a recession...

As for whether or not Bush had time to do something about it or not, that's debatable... The reality is that anything the politicians can do take a very long time to have any sort of effect... They just use the situation to put into law things they wanted to put into place to begin with... The Fed (which acted in Dec 2000) has more impact and they tend to work independently..

tiger

HAHAHA . This is true of most politicians but the republicans seem to be able to take it to a whole new level. Hillary is good enough at it to be a republican as well.

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tony286

Once again people stop listening to pundits.The two biggest taxes increase during peace time ever were during your patron saint Reagan.

tony286

Nope everything is Clinton's fault, it has nothing to do with going to war and lowering taxes at the same time. Its the liberals lol.

nico-t

all the details dont matter. This is not rocket science - bush and his administration completely fucked up the economy and the recession we are in now is their fault, noone elses.