I guess some of you actually think that Bush and our government has nothing to do with our country in reces?

Question

This goes along with my question that I posted 35 minutes ago.
Does anyone out there still believe that Bush and our Government have nothing to do with the cost of gas??
I located some non- believers and i wanted them to answer this question also. Bush allowed the Fed to raise interest rates which caused inflations which is why millions of americans are homeless. GM and Ford have lost record profits leading to record lay-offs due to high gas prices. The list goes on and on. Who thinks that Bush and his gang has nothing to do with this. Who this this is just all bad luck??

Answer 1

Bush's failed economic policies had a real *negative* effect on our nation's basic economic infrastructure.



In giving tax breaks to the rich, he shortchanged the working poor and the middle class. In giving lavish tax breaks to Corporate America, he gave them the incentives needed to ship millions of good-paying jobs overseas to countries whose standard of living is much lower than ours--where they can pay substandard wages to workers who have no educational backgrounds.



Here at home, companies are going under the radar to hire illegal workers for cheap labor and fatter profits--while laying off good workers whom have years of seniority and better wages.



In terms of the working American, he's denied time and again--a national wage increase--which he called a threat to the corporate bottom line. He tried to classify McDonalds jobs once as 'manufacturing'--and encouraged these same companies to start scaling back worker benefits in lieu of operational profits.



He's denied laid off workers extended jobless benefits over the years--after the initial 9/11 shock. (Even as recently, he's vetoed such legislation.)



But the bottom line is that Bush is out for the benefits of Corporate America than the average American worker. As such, his attitude towards American consumers and their buckling under high energy and high food prices is also another prime example of his complete *indifference* to what ordinary people are going through.



A complete *disconnect* from the real world. His insistance that the falling dollar under his watch is somehow a 'good thing' for America, coupled with his order to dump our corn stock into bio-fuels...?



It's created a NIGHTMARE for people whom are struggling! And the fact that he won't release ANY oil from the nation's oil reserves to help bring down the prices--is also contributing to the high gas prices.



But let's also not forgot that the primary escalator is the Iraq war and tensions with Iran. And it is all tied to Bush through and through--which adds more speculation to the price of oil per barrel--not to mention the short supply and the demand from countries like China and India.



And Bush's solution to the high gas prices? In a recent interview with Politico.com: "Drill for more oil and build more refineries."



ATYPICAL of an oil man with no vision.



Bush believing that drilling our way out of oil dependency is going to change anything..?



Um...no Bush supporter will really say anything about this, but I will:



Our nation has 7% of the world's total oil supply. 2% of that in Alaska. The rest is parked in the Gulf Coast and scattered in parts across the country.



This kind of oil reserve capacity means we will be continously *dependent* on countries like Saudi Arabia for our oil needs, Nigeria, Venezuela, and Iran.



We will not see energy dependence now or in the near future--until we start changing our habits at home.



And until that point takes place? Our gas prices will double and triple in the years to come.

Answer 2

Iraq was the right thing to do on a moral level?? I can think of a host of countries who needed our help in Africa other than Iraq if were going to use morals here. That so called "war" was a complete and total blunder there's really nothing you can say about that. Bush kept us safe? How about the American people keeping us safe? How about our men and women who were duped into a false war are the ones keeping us safe? OK, Sadaam is gone, now what? I just can't for the life of me think of what this guy has done that has been beneficial on a larger scale. My taxes go to pay his salary so I have the right to be critical when I think I need to be and he just hasn't done a good job with our money.

Answer 3

Obviously that econ class isn't kicking in.



Raising interest rates is done in response to inflation; raising them does not cause inflation. Inflation is a result of a loose money supply, where too many dollars at lower value are chasing too few goods.



Secondly, the Fed is independent.



When you figure out the fundamentals of the economy, come back and ask more intelligent questions.

Answer 4

You blame all of this on one President. Back in the 60's the USA should have developed an alternate fuel and greed kept stopping it.



GM and Ford have tough competition with Toyota and Honda.



In the last 10 yrs the subprime loan industry has emerged as a major & controversial player inthe housing market. Under a subprime loan, customers with low credit ratings are offered mortgages in return for high interest rates. DO YOU HEAR GREED? Between 1998 and 2006, 1.4 million first time home buyers bought their home using subprime loans. Shoddy underwriting has taken place in the subprime market. Interest rate can go from 8% to 12% just 2 yrs into the mortgage. This will increase the payment 30% to 40%. And remember they've put 20% down.



George Bush assumed the office as President of the USA in January 2001.



My dear democratic friend, who was President in 1998? The answer is - Bill Clinton



I am one that knows Bush and his gang had nothing to do with your accusations.



I was lined up at the gas station in 1979 during the 1973 Oil Crisis with Jimmy Carter as President. The '73 Oil Crisis began on October 17, 1973, when the member of Organization of Arab Petroleum Exporting Countries (OAPEC, consisting of the Arab Members of OPEC plus Egypt and Syria) announced, as a result of the ongoing Yom Kippur War, that they would no longer ship oil to nations that had supported Israel in its conflict with Syria and Egypt (Nixon gave Goldie Meir of Israel whatever she needed to fight this war. To me this made Nixon a great President.)

About the same time, OPEC members agreed to use their leverage over the world price-setting mechanism for oil in order to raise world oil prices, after the failure of negotiations with the "Seven Sisters" earlier in the month. Because of the dependence of the industrialized world on crude oil and the predominant role of OPEC as a global supplier, these price increases were dramatically inflationary to the economies of the targeted countries, while at the same time suppressive of economic activity. The targeted countries responded with a wide variety of new, and mostly permanent, initiatives to contain their further dependency.



But Washington always forgets whether it be Democrat (your guy) or Republican (George Bush and his gang).



And lets all have a good laugh, the young Senator from the most corrupt state in America, whose best friends are Louis Farrakhan the Nation of Islam leader and the Reverend Wright who seems to just about hate this nation and the other friend who thinks bombing American buildings are the right thing to do is going to change the USA and bring us all together. It wouldn't surprise me in the least if OPEC didn't own Barak Hussein Obama.



If you are a friend to Israel and if the USA stands with Israel then the Islamic countries can throw this nation into a recession trying to get us to abandon Israel. But the truth is - these Islamic nations do not like America any better than Israel. And they've just about taken over Britain.



This is your BAD LUCK. This is your ENEMY. You, my friend, are what they call the INFIDEL because you will not convert to Islam. You will not submit to their dictators and their 5th Century traditions.



Pelosi and Obama say they can negotiate with Syria and Iran. Pelosi talked to Syria and Hezbollah in Lebanon has just about destroyed Lebanon with Syria's help. They laughed Pelosi all the way back to America and are still laughing at her. Ahmadinejad has one goal and one goal only and that is to annihilate Israel and then the USA. What does Obama think he can say to change the President of Iran's mind? Obama sounds like Chamberlain in WWII.

Winston Churchill knew that you can't appease a snake, but Chamberlain tried.Hitler laughed Chamberlain all the way home.



The USA must immediately get an alternative fuel. These Arab nations are trying to control our country or buy our country or destroy our country, but friends they are not. Israel is a friend.

Answer 5

you have to understand Bush doesn't actually call the shots, have you taken a good look at him? He's an extention of a whole. His superiors are linked to Bernake thus the Federal reserve, thus setting nation wide financial policies, and the cause of the mess we're in while trying to make themselves look like our saviors.