The Mudcat Café TM
Thread #114650   Message #2461484
Posted By: Bobert
09-Oct-08 - 06:10 PM
Thread Name: BS: The Bailout
Subject: RE: BS: The Bailout
Actually, George Bush spent alot of energy in 2000 trying to talk the economy down....

But nevermind that... The major problem with the last 8 years is that there was no fiscal responsibility by either the corporatist or their puppet government... The so-called growth of the economy was false as it was based on borrowing...

Any accountant worth his or her salt will tell you that if you borrow and borrow that doesn't mean that you are healthy from a financial point... We've had 8 years of "bogus growth" and now we're going to have to pay for it... Same thing happened when Reagan was president... Didn't work then and it ain't worked this time either... Time for a new model... This one is badly flawed...

B~