Charlie Martin:
The catalog of the errors and failures of the administration of President George W. Bush is large and various.
In finance, it began with the modifications to the Community Reinvestment Act in 1993-95, which we now know had the effect of encouraging banks, along with the quasi-governmental Fannie Mae and Freddie Mac, to allow “innovative” mortgages that encouraged people to buy homes they could no longer afford when an economic downturn came. The effect of this was to encourage higher-risk lending, which led to “securitization” of the loans to spread risks. This securitization was a major contributor to the financial crisis of 2008.
In foreign affairs, it has been widely reported that the Bush administration slanted the intelligence about the possibility of Iraq having weapons of mass destruction programs. This led to the passing of the Iraq Liberation Act in 1998, in which it became the policy of the United States that Saddam Hussein’s government had to go.
Of course, no one can forget the events of September 11, 2001, but we do often forget the first World Trade Center bombing in 1993.
Next they will blame Hoffa on GWB. Leave the man alone. Concentrate on the doofus that is in the White House now.
Sarcasm seems to be lost on some people
others use it well.
Well Done!
That line of McCain’s in his debate with Obama was golden: “if you wanted to run against Bush you should have run in 2004” or something to that effect.
Without excuses and groundless blame, liberals might just have to face up to the utter failure of everything they attempt.
Well, you know that’s not going to happen. 😉