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CookiePuss
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What are Bush's failed ecomonic policies that keep getting referred to?
Disclaimer – This is not a passive aggressive thread supporting one side or the other. . It is also not a thread supporting the Bush Administration. It’s a question I have because I don’t know the answer to it and I would like to know what others thoughts are.
What are Bush’s fail economic policies that keep getting referred to in various campaigns?
I’m asking because it seems that both candidates want to extend some policies, namely pieces of 2001 Economic Growth and Tax Reduction Reconciliation Act (EGTRRA) and the 2003 Jobs and Growth Tax Reduction Reconciliation Act (JGTRRA), that had been put into place during the Bush Administration. Such as the child tax credit, provisions that reduce the marriage penalty, and lower tax rates for most income brackets. There are other pieces that each candidate would like to extend or expand as well.
In addition, it appears that there were policies put into place prior to the Bush Administration that may have helped to get our economy to this point. Such as the repeal of the Glass - Steagall Act, the structured financing of mortgages pools that began in the 1970’s, that Community Reinvestment Act (CRA) was revised to allow for the securitization of CRA loans into the secondary market for mortgages in 1995 and Greenspan’s liking of the Adam Smith model to markets.
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Posted 10/31/08 8:37 AM  |
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CookiePuss
Cake from Outer Space!
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Re: What are Bush's failed ecomonic policies that keep getting referred to?
No one has any input??? Maybe there are no failed policies then.
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| Posted 10/31/08 3:41 PM |
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SweetestOfPeas
J'taime Paris!
Member since 3/06 32345 total posts
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Re: What are Bush's failed ecomonic policies that keep getting referred to?
yea, I am curious too.
and I assume by "Bush's failed economic policies", they would have to be his idea. not something a Senator propsed, voted on in the Senate, got approved and Bush signed off on.
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| Posted 10/31/08 6:47 PM |
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maiden
Whoa!
Member since 5/08 1814 total posts
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T
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Re: What are Bush's failed ecomonic policies that keep getting referred to?
Does the economic stimulus check count? Where everyone received $300 as a tax rebate to help the economy going, but it obviously didn't work.
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| Posted 10/31/08 6:58 PM |
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itkocak
Member since 7/07 7639 total posts
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Re: What are Bush's failed ecomonic policies that keep getting referred to?
Message edited 11/22/2011 6:59:29 PM.
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| Posted 10/31/08 7:16 PM |
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SweetestOfPeas
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Re: What are Bush's failed ecomonic policies that keep getting referred to?
Posted by maiden
Does the economic stimulus check count? Where everyone received $300 as a tax rebate to help the economy going, but it obviously didn't work.
if that's a failed poilicy, then why do both candidates want to keep doing it? 
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| Posted 10/31/08 7:16 PM |
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SweetestOfPeas
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Re: What are Bush's failed ecomonic policies that keep getting referred to?
Posted by imthekevinofcindyandkevin
All I know is President Bush inherited a record budget surplus from Bill Clinton but turned it immediately into a deficit. In only five years, he managed to add over $3 trillion to the national debt and by the time Bush leaves office, it will exceed $11 trillion. In only eight years, he will have created more debt than all other U.S. presidents combined.
ok, but let me add a few points here.
9/11 caused the stock market to crash and then the airlines needed to be bailed out. then we went into Afghanistan for 2 yrs before we went into Iraq. then there was Iraq.
there were also a record # of hurricanes in 2005, many of them caused many billions of $'s in damage, including the complete destruction of a major US city.
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| Posted 10/31/08 7:20 PM |
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donegal419
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Member since 7/07 7650 total posts
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K
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Re: What are Bush's failed ecomonic policies that keep getting referred to?
Posted by imthekevinofcindyandkevin
All I know is President Bush inherited a record budget surplus from Bill Clinton but turned it immediately into a deficit. In only five years, he managed to add over $3 trillion to the national debt and by the time Bush leaves office, it will exceed $11 trillion. In only eight years, he will have created more debt than all other U.S. presidents combined.
National Debt Clock
not that I am a Bush fan, but in the past 8 years we have had 9/11.... all the money that was given to the cities affected, and the billions spent on Homeland Security.
Also, the subsequent war in Afghanistan and the war in Iraq.
In addition, there were several national disasters and other events that required federal money.
I think this money would have been spent regardless.
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| Posted 10/31/08 7:36 PM |
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itkocak
Member since 7/07 7639 total posts
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Re: What are Bush's failed ecomonic policies that keep getting referred to?
Message edited 11/22/2011 6:59:59 PM.
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| Posted 10/31/08 7:46 PM |
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donegal419
St. Gerard, pray for us.
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K
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Re: What are Bush's failed ecomonic policies that keep getting referred to?
Posted by imthekevinofcindyandkevin
not necessarily. there are more than a few people who believe, had a democrat been in the white house, 9/11 and all subsequent collateral damage never would have happened, but that's all speculation so...
possibly... but doubtful. Clinton was the one who didn't react to key information on Bin Laden in the first place. Granted, we may have not gotten involved in Iraq, but I don't think it's fair to blame 9/11 on the Republicans.
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| Posted 10/31/08 7:48 PM |
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SweetestOfPeas
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Re: What are Bush's failed ecomonic policies that keep getting referred to?
Posted by imthekevinofcindyandkevin
not necessarily. there are more than a few people who believe, had a democrat been in the white house, 9/11 and all subsequent collateral damage never would have happened, but that's all speculation so...
do these people know that AQ was planning 9/11 for years? 
ignorance is bliss
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| Posted 10/31/08 7:50 PM |
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mrsej
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Re: What are Bush's failed ecomonic policies that keep getting referred to?
Posted by imthekevinofcindyandkevin
not necessarily. there are more than a few people who believe, had a democrat been in the white house, 9/11 and all subsequent collateral damage never would have happened, but that's all speculation so...
you can't honestly believe that 9/11 would not have happened if a democrat had been in the white house?! that is like saying Hurricane Katrina would not have happened if a democrat was in the white house. as far as the subsequent collateral damage, that might be more feasible.
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| Posted 10/31/08 7:58 PM |
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itkocak
Member since 7/07 7639 total posts
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Re: What are Bush's failed ecomonic policies that keep getting referred to?
Message edited 11/22/2011 7:00:26 PM.
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| Posted 10/31/08 8:19 PM |
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maiden
Whoa!
Member since 5/08 1814 total posts
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Re: What are Bush's failed ecomonic policies that keep getting referred to?
Posted by SweetestOfPeas
Posted by maiden
Does the economic stimulus check count? Where everyone received $300 as a tax rebate to help the economy going, but it obviously didn't work.
if that's a failed poilicy, then why do both candidates want to keep doing it?
Well, I cannot explain why both candidates want to continue to do it, as I cannot explain many of their economic policies. I completely disagree with both candidates and I will probably not be voting for either one. I will probably vote 3rd party or write in my vote.
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| Posted 10/31/08 10:31 PM |
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leighdvm
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Re: What are Bush's failed ecomonic policies that keep getting referred to?
Doesn't seem like many examples are being shown here which makes me wonder....
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| Posted 11/1/08 9:57 AM |
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CookiePuss
Cake from Outer Space!
Member since 5/05 14021 total posts
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Re: What are Bush's failed ecomonic policies that keep getting referred to?
Posted by imthekevinofcindyandkevin
All I know is President Bush inherited a record budget surplus from Bill Clinton but turned it immediately into a deficit. In only five years, he managed to add over $3 trillion to the national debt and by the time Bush leaves office, it will exceed $11 trillion. In only eight years, he will have created more debt than all other U.S. presidents combined.
National Debt Clock
Interesting point. I'm going to have to see how it compares to other administration's that had a high debt.
My one question is, isn't congress more to blame for the debt since congress decides how to spend money?
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| Posted 11/3/08 6:36 AM |
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Colie
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Member since 7/07 507 total posts
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Re: What are Bush's failed ecomonic policies that keep getting referred to?
Posted by mrsej
Posted by imthekevinofcindyandkevin
not necessarily. there are more than a few people who believe, had a democrat been in the white house, 9/11 and all subsequent collateral damage never would have happened, but that's all speculation so...
you can't honestly believe that 9/11 would not have happened if a democrat had been in the white house?! that is like saying Hurricane Katrina would not have happened if a democrat was in the white house. as far as the subsequent collateral damage, that might be more feasible.
ITA.. that's a bit ridiculous....
9/11 did happen right after the CLinton administration and not to mention subsequent disasters which contributed to the debt.
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| Posted 11/3/08 9:45 AM |
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Ophelia
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remember, when Gulliver traveled....
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Re: What are Bush's failed ecomonic policies that keep getting referred to?
I think it's just a case of blame the president to be honest.
NEITHER candidate wants to be associated with an administration that was in power during one of the worst financial crisis' in our history.
do I think it's Bush's fault...not entirely no.
do I think BOTH of them will blame him...YES.
the only thing I lay at Bush's feet is the costs incurred by the Iraq war (sinceh e went to congress to ask for the money with misleading info)
I also blame the earlier administration for the exodus of many jobs to foreign countries (Hi Citibank with your cust serv reps in India)
I don't think any one "person" or even party is to blame.
I think we are all to blame.
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| Posted 11/3/08 10:27 AM |
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Blu-ize
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Member since 7/05 32475 total posts
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Susan
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Re: What are Bush's failed ecomonic policies that keep getting referred to?
Mostly the decision to go to war over WMDs. I think that was Cheney. We spent billions looking for those WMDs.
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| Posted 11/3/08 10:32 AM |
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cjik
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Re: What are Bush's failed ecomonic policies that keep getting referred to?
Would we be in Iraq if Gore was elected in 2000? No, and somehow, I have the feeling things would have gone better in Afghanistan, maybe not, but possibly.
The war in Iraq and sheer disregard for our crumbling highways and levis caused huge amounts of money to be spent during the Bush administration. To those who argue we should not raise taxes now, okay, but how do you propose raising money to repair crumbling bridges, subway systems, and levis around the country? Much of our transportation system is at least fifty years old now, some much older, and local govts. just don't have the funds to repair these systems.
Probably the biggest failed economic policy of the Bush administration is the tax system. Too many tax cuts, especially for some of the wealthiest Americans who need them the least, have made the U.S. a country with record debt. And all in 8 years, Bush did not inherit a budget that was in disarray.
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| Posted 11/3/08 10:43 AM |
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stickydust
Now a mommy of 2!!!
Member since 4/06 3164 total posts
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Re: What are Bush's failed ecomonic policies that keep getting referred to?
Posted by Ophelia
I think it's just a case of blame the president to be honest.
NEITHER candidate wants to be associated with an administration that was in power during one of the worst financial crisis' in our history.
do I think it's Bush's fault...not entirely no.
do I think BOTH of them will blame him...YES.
the only thing I lay at Bush's feet is the costs incurred by the Iraq war (sinceh e went to congress to ask for the money with misleading info)
I also blame the earlier administration for the exodus of many jobs to foreign countries (Hi Citibank with your cust serv reps in India)
I don't think any one "person" or even party is to blame.
I think we are all to blame.
ITA with all of this
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| Posted 11/3/08 12:41 PM |
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