It’s Bush’s Fault
Geoff Cutler, in his Sept. 11 column, said President Obama is responsible for the poor condition of our economy.
He then gave some numbers such as: federal spending highest since World War II, budget deficit highest since World War II, federal debt highest since World War II, employment lowest since 1985, home ownership rate lowest since 1965 and other nonsense.
I am not sure what World War II has to do with today. In any case, it doesn’t matter because all of these numbers are directly tied to former President George Bush and not to Obama.
The collapse of our economy was caused by Bush and is the result of the enormous unfunded cost of the Iraq invasion, the unfunded and huge tax cuts for the wealthy, the unfunded Medicare part D, the collapse of the mortgage market because of poor regulations — and then the near collapse of our financial system, the very backbone of our nation.
All of these drove up our debt, which is now an enormous overhang on our economy and a drag on efforts to revive it. Only Bush is to blame for our problems, and that needs to be said over and over again. Bush was a disaster for our nation. Actually, the name “Bush” is toxic even in the Republican Party. Any influences Obama policies have had on Geoff Cutler’s numbers are directly related to trying to reverse the recession.
Incidentally, the nonpartisan Congressional Budget Office said that the much-maligned so-called stimuluss plan created (or saved) more than 3 million jobs and prevented our nation from going into a full-scale depression. Unfortunately it didn’t create more jobs to completely reverse the economy.
Nonetheless, that doesn’t sound like a failed policy.
Patrick J. Nevins
More like this story