Kingfish

Bush and the Republicans shit the national bed there is no other way around it. While in power the Republicans exploded the deficit with two unfunded wars, two unfunded tax cuts, and an unfunded prescription drug benefit for seniors. You name it during Bush?s tenure there wasn?t a spending bill that he didn?t like, that cost too much or he was worried about paying for down the road.

As to the unemployment rate shit started rolling down hill during Bush?s last year when the banking crisis occurred. The banking crisis was brought on as a result of a lack of regulation and oversight of the finical sector something that Bush and the Republicans put in place and were big advocates of.

Do I think Bush is personally responsible for high unemployment? No, but I do believe the fiscal and regulatory polices he and the Republicans put in place during his administration are what caused the recession and the resulting high unemployment. The fact of the matter is nobody can cure high unemployment that was eight years in the making in a year and half, and the fact that the republicans blew our collective fiscal load while in power makes it much more difficult.

Most mainstream economists currently agree that we need more government spending right now or we are likely to economically slip backwards instead of forwards. What I know for sure didn?t work was nutty fringe conservative economic theory put into practice. We had two tax cuts under Bush and we were told by the Republicans at the time that top heavy tax cuts would lead to economic prosperity and more government revenue. If what they had said were true or their kook polices worked we would all be living in the land of milk and honey right now, but as anyone can plainly see we are not.