Democrats Have Always Destroyed the Economy PART ONE
The biggest propaganda lie ever concocted and foisted upon the American people is the lie that Bush caused our economic crisis. He did not.
Before the Democrats took Congress in 2007 unemployment was 4.1%, gas was $1.70 a gallon, and the economy was expanding.
Then the Democrats took Congress in 2007 and promptly destroyed the economy. When Obama became president in 2009 he made it twice as bad.
Let’s do a little math here:
Bush was president for 8 years, from 2001 to 2009.
As I said, in 2007 unemployment was 4.1% and the economy was expanding. That is SIX years into the Bush presidency mind you - SIX OUT OF EIGHT. (And BTW: 4.1% is almost perfect since there is no such thing as a 0% rate.)
Now, can anyone explain to me why the first six years of the eight-year Bush presidency was just fine, and then magically, when the Democrats took over Congress, the economy tanked? Simple: The Democrats took power. When they took power they pushed their social engineering policy of trying to let minorities who wants to own a house own a house whether they could afford it or not. All the bad loans the banks made, they were browbeat into that by the Left. And THAT was the first domino in line to fall.
As I said: The biggest propaganda lie ever concocted and foisted upon the American people is the lie that Bush caused our economic crisis. In fact, Democrats did, with policies that can find their genesis in the Clinton years
You’re wrong in attempting to blame one side or the other. Both sides were equally complicit…period. Who went to jail…anyone? If not…why not? Both sides were in a position to do something…anything? Attempting to look one direction and not in all…makes you partially blind my friend. Open your eyes…in all directions.
BTW…the beginning of the end happened when the Glass-Steagall Act was removed as a law of the land.
The Dow is made up of thirty companies, which were a different thirty companies in the 80’s and the everyday relationship of the average citizen to the stock market has changed over the past thirty years.