Wednesday, November 3, 2010

Wait - Exactly What Was Bush's Fault?

Dance with the one that brought you and you can't go wrong. - Shania Twain

Obama and the Democrats have been insulting the intelligence of the American public ever since it started to appear that Republicans were going to coast to a landslide in the mid-term elections. Funny, but didn’t they declare that “intelligent” Americans elected Obama in 2008? How did we get so stupid in just two short years? Usually we get wiser. Obama and his gang would have you believe it is Fox News’ fault. Fox, it seems, makes enlightened people stupid. They also want you to believe the economic meltdown was Bush’s fault.


After the 2008 sweeping Democratic victories, the feeling within the Democratic party was one of pure joy, a belief they were now in power forever. And I must admit, I was worried they were. I told my wife the election of Obama was something America might never recover from. Worse than him becoming president was knowing the people actually fell under his spell and voted for him.


Okay. I understand. The country was tired of Bush, fed up with the war, and the economy sucked. Agreed. But, really.... Obama? All these people that are now decrying liberalism and socialism - what did they think Obama stood for? What did they think the “Fundamental Change” was?


The key thing they sold the American people was that George Bush’s policies were to blame for the economic meltdown. When the debates came along, Obama essentially used the “chicken in every pot” approach to outdo a good man but a feeble campaigner in John McCain who had nothing to say but “same ol’, same ol’...” I don’t really think McCain could have won anyway because all he could propose to help the economy was lower taxes, etc. - things the Democrats decried as the “same old policies that got us into this mess.” Well, guess what? Those same old policies Republicans push are what built this country, whereas the “same old policies” the Democrats tout are what generally hold us back. Now more than ever we need the Republican “same old policies.”


Don’t get me wrong, I am aware that both parties have contributed to this mess. But George Bush was fooling around with a baseball team in Texas when the policies that created the current mess were being formulated and legislated. And who can really believe lending money to people who could not be expected to pay it back is a Republican policy? At most, it is a bipartisan effort. And all the additional “deregulation” policies that have been laid on the Republican lap had many Democratic supporters along the way - Clinton, Schumer, Dodd and Frank among them.


But whether you think Republicans or Democrats or both were to blame is irrelevant. The point is, if it ain’t broke, don’t fix it. Fix what is broke, and leave the rest alone. Quit loaning to people who can’t pay the money back. Quit allowing credit swaps or whatever else they talk about that a non Wall Street guy like me doesn’t understand. Quit bundling loans together and selling them in enormous investment packages. Fine. But don’t trash the whole system. The system is what has led us to become the greatest economic power in the world. (And for you “One World” people, we helped bring the rest of the world along for a good portion of the ride.)


Here’s my proposal - get rid of the bad stuff and keep the good stuff. Ingenious, isn’t it!


So, get rid of whichever deregulation policies can reasonably be assumed to be bad, and keep the ones that are good. Loan money to people who can afford it. You know, like 10%-20% down, good incomes - that kind of stuff. Regulate the banks so they have enough liquidity to meet hard times and their money is safe. Don’t allow companies to get too big to fail. Whatever. But don’t throw this marvelous system out with the bathwater. Keep the fundamentals in place that made our country great. Keep the best possible environment for our creators, inventors, entrepreneurs, and for people who work hard. Keep things good for those people who are the “Salt of the Earth.” Keep the focus on who makes this country work, not those who drain it. Keep the American ingenuity moving forward. Don’t burden it with socialist policies that will drag it down and kill it. Of course, that means low taxes, a better climate for business, especially small business, and more freedom.


Like it or not, the Tea Party has the right idea on most of this. And if you liberals want to call them stupid or uneducated or whatever, go ahead. But do what they say, because they are right and you are not. I know it is hard for intelligent, educated, high-earning liberals to believe they haven’t got a clue. But like Obama in his speeches, you need to stop looking up to the left and the right. Instead, you need to look down at what is right in front of you.


I wish Republicans could do like the Democrats and just promise everybody anything, whether they want to work and be responsible or not. But that is Democratic prerogative, because they are the party of “Hope and Change,” (translate - fantasy). Republicans are usually unattractive, stoic, boring, hard-nosed people who don’t seem to like to have a good time. They just work, work, work, and can’t say anything nice or positive. Some truth in that.


Here’s what I ask of you. Next time someone declares it was the Bush policies that got us into this mess, ask them to name one such Bush policy. If they even have an answer, it will probably be “low taxes” or “deregulation.” If they say lower taxes, ask them exactly how that caused the crash. If they say deregulation, ask them exactly which deregulation policies didn’t have Democratic fingerprints all over them. And then ask them how health care “reform” and Cap and Trade fall into either of those categories.


They won’t have a sensible answer because there isn’t one, and because they will be looking up to the left or the right instead of what is right in front of them.


Mercer Tyson StraightThinker.com

3 comments:

  1. As a conservative, and staunch first term Bush supporter, I have to admit that I believe the Bush administration turned a blind eye to lending regulations, CMBS risks, and curruption on Wall Street inorder to prop up the economic picture at the end of his second term. I believe firmly in capitalism, but have little tolerance for greed. Oh yeah, I'm also an environmentalist because I enjoy outdoor activities and natural landscapes, so I guess I'm a liberal conservative.

    Erik

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  2. Here's more proof that it wasn't Bush who screwed up the economy:
    JAN 3RD 2007


    The day the democrats took over was not January 22nd 2009. It was actually January 3rd 2007 the day the Democrats took over the House of Representatives and the Senate, the start of the 110th Congress. The Democratic Party controlled a majority in both chambers for the first time since the end of the 103rd Congress in 1995.

    For those who are listening to the liberals propagating the fallacy that everything is "Bush's Fault", think about this:

    January 3rd, 2007 was the day the Democrats took over the Senate and the Congress:

    At the time:

    1. The DOW Jones closed at 12,621.77
    2. The GDP for the previous quarter was 3.5%
    3. The Unemployment rate was 4.6%
    4. George Bush's Economic policies SET A RECORD of 52 STRAIGHT MONTHS of JOB CREATION!

    Remember the day...

    1. January 3rd, 2007 was the day that Barney Frank took over the House Financial Services Committee and Chris Dodd took over the Senate Banking Committee.

    2. The economic meltdown that happened 15 months later was in what part of the economy? BANKING AND FINANCIAL SERVICES!
    3. Thank Congress for taking us from 13,000 DOW, 3.5 GDP and 4.6% Unemployment to this CRISIS by dumping 5-6 TRILLION Dollars of toxic loans on the economy from YOUR Fannie Mae and Freddie Mac fiasco's! (BTW: Bush asked Congress 17 TIMES to stop Fannie & Freddie - starting in 2001, because it was financially risky for the U.S. economy, but no one was listening).
    And who took the THIRD highest pay-off from Fannie Mae AND Freddie Mac?
    OBAMA.
    And who fought against reform of Fannie and Freddie???

    OBAMA and the Democratic Congress.

    So when someone tries to blame Bush...

    REMEMBER JANUARY 3rd, 2007.... THE DAY THE DEMOCRATS TOOK OVER!" Bush may have been in the car, but the Democrats were in charge of the gas pedal and steering wheel they were driving. Set the record straight on Bush!

    So, as you listen to all the commercials and media from the Democrats who are now distancing themselves from their voting record and their party, remember how they didn't listen to you when you said you didn't want all the bailouts, you didn't want the health care bill, you didn't want cap and trade, you didn't want them to continue spending money we don't have.

    Do not forget their complicity in getting us into this mess.

    "It's not that liberals aren't smart, it's just that so much of what they know isn't so" -Ronald Reagan

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