Thursday, February 26, 2009

George W. Bush

- The 43rd President of the United States of America!

- Born with a silver spoon in his mouth!

- Like his father and grandfather before him, attended Yale -- where he got Cs!

- Member of Yale's elite Skull & Bones secret society!

- Was a cheerleader in college -- and, later, a cheerleader for deregulation and lower taxes for the super-rich!

- Cokehead, drunk, and failed oilman!

- The nation's first CEO president, ran his country even less effectively than his businesses!

- Pushed Fannie Mae and Freddie Mac to meet aggressive targets for loans to low-income home buyers!

- In 2006 pooh-poohed warnings of a looming housing crash!

- In 2007 blamed the subprime-mortgage crash on homeowners with insufficient "financial literacy" -- not deregulated markets or greedy lenders!

- In 2002, demanded that Argentina respond to an economic crisis by instituting free-market reforms!

- In 2008, when the U.S. faced its own economic crisis and the government gave hundreds of billions of dollars to struggling private-sector financial institutions, said, "I've abandoned free-market principles to save the free-market system" -- with a straight face!

- Even in 2008, continued to deny that the U.S. economy was in a recession -- and that it was fundamentally strong!

- Granted Treasury Secretary Hank Paulson unprecedented power when credit markets froze, resulting in a haphazardly planned bailout that gave Paulson's banker buddies hundreds of billions of taxpayer dollars -- with no direction on how the money should be used, and no oversight of how bankers used it!

- Throughout his presidency, took credit for creating jobs and stock market growth!

- Today the jobless rate is skyrocketing -- and the stock market is lower than it was when Bush took office!

- Thanks to the foreclosure boom caused by Bush policy, today the U.S. homeownership rate is no higher than it was when he entered office!

- Idiot!

No comments:

Post a Comment