Fact off the top of my head because I don't have time to research. George contributed to the fall of the economy but he did not act alone. It started with Bill and the dems that had the idea that over 50% of Americans should own a home so Freddie and Fannie lowered standards allowing banks to give crazy home loans. Bill and the dems started it but I agree George did not stop it and he should have.
As far as the deficit cuts that is all smoke and mirrors. I don't have have time to give you an economics lesson but in short the deficit is tied to the GDP. The deficit swelled in 2009 and was somewhere around 10%. Because of the bail outs and stimulus packages that had to be done. Today the deficit is around 2 or 3% of the GDP. So technically you are right, BUT the economy is mending like it does after every down turn despite who the President is and those stimulus packages (2009) have ran their coarse. What has not been addressed is entitlement program like medicare, medicaid, and Social Security. I will not even go into the $18 TRILLION debt that this administration accumulated.
As far as the deficit cuts that is all smoke and mirrors. I don't have have time to give you an economics lesson but in short the deficit is tied to the GDP. The deficit swelled in 2009 and was somewhere around 10%. Because of the bail outs and stimulus packages that had to be done. Today the deficit is around 2 or 3% of the GDP. So technically you are right, BUT the economy is mending like it does after every down turn despite who the President is and those stimulus packages (2009) have ran their coarse. What has not been addressed is entitlement program like medicare, medicaid, and Social Security. I will not even go into the $18 TRILLION debt that this administration accumulated.


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