The Truth is that yes, the current recession began during the Bush Presidency but had nothing to do with the administrations' tax cuts as (most) all Democrats would have us believe.
Yes, the Bush administration agreed to the TARP fund for reasons that
But, the current recession had nothing to do with any of that. It was the housing bubble bursting and overwhelming the banking system, pure and simple. The economy took a huge blow because the conservatives woke up too late to oppose the subtle and not so subtle changes in the lending/banking laws that also (I might add) ALL Democrats voted for.
So, lets stop all the BS about the Republicans driving the car into the ditch, shall we?
Please tell me what you think - and what you've got to say, by clicking on "Comments" below.
For more background on this subject (a lot more) see; America's Ruling Class -- And the Perils of Revolution -http://spectator.org/archives/2010/07/16/americas-ruling-class-and-the By Angelo M. Codevilla - is professor emeritus of international relations at Boston University.
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