--- In FairfieldLife@yahoogroups.com, "authfriend" <jst...@...> wrote:
[snip] > Neither of them had any choice once the economy began > to collapse (largely as a result of GWB's policies, > including the billions spent in Iraq and on tax cuts > for the wealthy, as well as lax oversight of financial > institutions, many of which Obama is working to reverse). [snip] I can't disagree with you vis a vis Bush's horrible spending record (which even pre late '08 stimulus and bail-out spending he had increased over 50% from what was Clinton's last year in office). But the tax cuts? Bush INCREASED the wealthy's share of income taxes that they paid as a percentage of overall revenue from income taxes. As for lax oversight of financial institutions: yes, Bush has to take blame because it happened on his watch. But it was the policies of Democrats mostly -- including those during the short-lived career of Senator Obama -- that was largely responsible fot he lax oversight. If Obama is working to reverse them, good for him! But it won't be done through government oversight as they are the #1 culprit in creating the environment for the problem to happen in the first place.
