Quote Originally Posted by DJD View Post
In your opinion what did GW do that was so out there? Economy?
everything that happened to cause the economy to collapse under Bush wasn't his direct fault, Bush or any other President can't control every thing. but when you are the Man at the top. you get credit or blame for what ever happens. and he did things that I disagree with, he started two wars, and cut taxes that reduced revenue while needing money to pay for funding the wars. The tax cuts had been largely opposed by American economists, including the Bush administration's own Economic Advisement Council.[12] In 2003, 450 economists, including ten Nobel Prize laureate, signed the Economists' statement opposing the Bush tax cuts, sent to President Bush stating that "these tax cuts will worsen the long-term budget outlook... will reduce the capacity of the government to finance Social Security and Medicare benefits as well as investments in schools, health, infrastructure, and basic research..In terms of increasing inequality, the effect of Bush's tax cuts on the upper, middle and lower class is contentious. Some economists argue that the cuts have benefited the nation's richest households at the expense of the middle and lower class. and the oil prices sky rocketed under Bush, 30.00 per barrel when he took control, and 150.00 per barrel when he left office.and he gave the richest people in the world, a Tax Holiday on money earned from jobs they shipped overseas. if he had made them pay the tax on it, other company's thinking of sending jobs overseas might look at it different. During the George W. Bush administration, the federal government spending was increased from $1789 billion to $2983 billion (70%) but the revenues were only increased from $2025 billion to $2524 billion (from 2000 to 2008). Individual income tax revenues were increased by 14%, corporate tax revenues by 50%, customs and duties by 40%. Discretionary defense spending was increased by 107%, discretionary domestic spending by 62%, Medicare spending by 131%, social security by 51%, and income security spending by 130%. Cyclically adjusted, revenues rose by 35% and spending by 65%. [3]Also proportionally Bush increased government spending more than any predecessor since LBJ in my opinion, Bush wasn't a very good President. but everyone has an opinion and some loved him.