More Political Finger-Pointing
From Reuters News Service:
And Jimmy would know. He was President during a period of double-digit inflation, an unstable housing market, a foreclosure rate that approached that of the great depression, the spectre of war with Russia and Iran, and what was lovingly referred to as "the malaise" even though he never used that word in his speech.
So, it's all GWB's fault, hunh? What about holding some of the financiers responsible for their fiscal irresponsibility and criminal actions? If you look closely, Jimmy's saying the solution to the problem is to raise taxes. If tax cuts were the problem, tax increases must be the solution, right?
So what else is new, Jimmy? Remember a little hostage crisis in Iran that you left for your successor to solve? Every President has to deal with matters that started with his predecessor. How they handle them is one way they are judged as being successful or not. Maybe you've forgotten how the Vietnam war scuppered LBJ's "Great Society" plans.
Yes, this is an "entrenched problem"! So is our dependency on foreign oil and trade! Who's naive enough to think we can solve the financial problem in a weekend? Only the Senate, House, and President, and the rest of the gullible population. These problems require non-partisan action, not partisan bickering and finger-pointing!
Eight years ago we were riding the bubble economics that produced the artifically inflated economy of the dot-com boom, the effects of the 1997 Asian market crisis was just starting to subside, and Al-Quaida was planning their attack on the World Trade Center. These were things that the President would "inherit" as well.
Jimmy, go back to your Saudi bailed-out peanut farm and help Habitat for Humanity build homes. Rest on the laurel wreaths of your successes in human rights and the Arab-Israeli peace accords. Your actions didn't help out the economy so stop acting like you did. Quit trying to play the elder statesman. You don't do it well.
Read the article sans comments here.
Ex-president Carter slams Bush on market crisis
"Former President Jimmy Carter said on Friday the "atrocious economic policies" of the Bush administration had caused the worst global financial crisis since the Great Depression of the 1930s."
And Jimmy would know. He was President during a period of double-digit inflation, an unstable housing market, a foreclosure rate that approached that of the great depression, the spectre of war with Russia and Iran, and what was lovingly referred to as "the malaise" even though he never used that word in his speech.
"Carter told reporters on a stopover in Brussels that "profligate spending," massive borrowing and dramatic tax cuts since President George W. Bush took office in 2001 were behind the market turmoil and economic crisis.
"I think it's because of the atrocious economic policies of the Bush administration," said the 84-year-old Democrat, who served in the White House from 1977-1981 during a period of high inflation and energy crisis."
So, it's all GWB's fault, hunh? What about holding some of the financiers responsible for their fiscal irresponsibility and criminal actions? If you look closely, Jimmy's saying the solution to the problem is to raise taxes. If tax cuts were the problem, tax increases must be the solution, right?
"Whoever wins next month's U.S. presidential election would inherit economic problems that would force them to postpone implementing some of their proposed reforms, he said."
So what else is new, Jimmy? Remember a little hostage crisis in Iran that you left for your successor to solve? Every President has to deal with matters that started with his predecessor. How they handle them is one way they are judged as being successful or not. Maybe you've forgotten how the Vietnam war scuppered LBJ's "Great Society" plans.
""The economic situation is an entrenched problem. It is going to take years to correct what has been done economically," Carter said, adding he hoped Democrat Barrack Obama would win and immediately improve Washington's image in the world."
Yes, this is an "entrenched problem"! So is our dependency on foreign oil and trade! Who's naive enough to think we can solve the financial problem in a weekend? Only the Senate, House, and President, and the rest of the gullible population. These problems require non-partisan action, not partisan bickering and finger-pointing!
"Eight years ago, the United States had a budget surplus, low inflation and a stable, strong economy, he said."
Eight years ago we were riding the bubble economics that produced the artifically inflated economy of the dot-com boom, the effects of the 1997 Asian market crisis was just starting to subside, and Al-Quaida was planning their attack on the World Trade Center. These were things that the President would "inherit" as well.
Jimmy, go back to your Saudi bailed-out peanut farm and help Habitat for Humanity build homes. Rest on the laurel wreaths of your successes in human rights and the Arab-Israeli peace accords. Your actions didn't help out the economy so stop acting like you did. Quit trying to play the elder statesman. You don't do it well.
Read the article sans comments here.
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