Summary: Nouriel Roubini says George W Bush is to blame for the current economic crisis. He lists 5 factors for going from a $300 billion surplus to a $1.2 trillion deficit
1. We cut taxes.
2. We spent $2 trillion on unwinnable wars.
3. We doubled discretionary spending.
4. We added entitlement benefits like Medicare drug benefit.
5. We entered the largest economic and financial crisis ever that was made worse by bailouts to the banks and other institutions.
Somehow the article has conveniently forgotten to point out that if Bush started the fire, Obama poured rocket fuel on top of it. Sure, Obama isn't responsible for a lot of the mess we're in, but when is someone going to point out that he's made it worse and is doing NOTHING to make it better?
Comment