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Carter slams Bush on market crisis

Carter slams Bush on market crisis

Quote:
BRUSSELS (Reuters) - 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.

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.
...

Eight years ago, the United States had a budget surplus, low inflation and a stable, strong economy, he said.

Jimmy Carter? 
    • The man whose administration started the current mess with the birth of Fannie Mae?
    • The man who presided over double-digit inflation, double-digit unemployment, and double-digit interest rates?
    • The man who deposed the Shah of Iran and started the Middle East turmoil from which we are still trying to extract ourselves?
    • The man who allowed our Iranian embassy to be overrun and 52 U.S. citizens to be held hostage for over 400 days?
THAT Jimmy Carter?

Well, Mr. Carter, I think senility has finally overtaken you.

Eight years ago, we had a Republican House of Representatives and a Republican Senate that had dragged ex-Prez Bill Clinton (D) kicking and screaming into a balanced budget. Do you remember "We can balance it in ten years," "We can balance it in seven years," "We might be able to balance it in eight years," "We can probably balance it in five years?"

Eight years ago, the United States had not been attacked by Islamic terrorists under the direction of Usama bin Laden - who Clinton had refused to take into custody on three occasions, and who was in our sniper's sights on at least one occasion when Clinton was too busy playing golf to be bothered with giving the order to fire.

Eight years ago, the stock market (DJIA) closed at 8900 on September 18, 2001. Prior to the implementation of the Bush tax cuts, the market dipped to 7500 in October 2002. Since then, the Dow has been on a steady climb to high of 14,000 until the election season got into full swing in October 2007, and since then we have heard a steady drumbeat of "the failed economic policies of George W. Bush" from Democrat politicians and their willing accomplices in the media.  Finally, the Fannie Mae and Freddie Mac crises cratered the market this month. And you started it, Jimmy! And Sen. Chris Dodd and Rep. Barney Frank exacerbated these twin crises by blocking Republican attempts to reform these two corrupt entities.

I think it's past time for you to sit down and shut up, Jimmy.
 
This is the United States of America, and we are Americans!  We will survive this current financial mess.  After all, this is nothing compared to the Great Depression.  We worked our way out of that, and we will work our way out of this little problem as well.
 
All we Americans ask - no, demand - is that government get out of our way!
 
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