How can republicans do such incredible damage to America in only 8 years?

Here is what happened after 12 years of a republican congress and 6 years of an entire republican government:

Between Jan 2001-2009 under Republican's policies of deregulation and a 15% tax rate on stock profits for wealthy people:

Budget went from a 236 billion surplus to a 1.2 TRILLION deficit (a 1.4 trillion drop)

National debt doubled from 5.7 trillion to 10.6 trillion (a 5.2 trillion increase)

Dow Jones plunged 25% from 10,587 to 7,949

Trillions in bad loans and gambling debts co-signed/guaranteed by the US Govt

Two fake wars costing a trillion dollars and 6,000 american lives

Gasoline tripled from 1.44 to 4.11 per gallon on July 11, 2008

Unemployment doubled from 4.2% to 8.2%

Losing 700,000 jobs monthly

Economy in total freefall

(Republicans try to confuse people by saying democrats took over Congress in Jan 2007 and started the recession, but they can't name one thing democrats did to hurt the economy. All experts state the housing crisis started in 2006 and all subprime loans had already been made under a republican congress and president)

SOURCES:

BUSH DOUBLED OUR DEBT FROM 5.7 TRILLION TO 10.6 TRILLION

(Source: US Treasury Dept - Bureau of Public Debt - http://www.treasurydirect.gov/NP/BPDLogin?applicat...

BUSH TURNED A 236 BILLION BUDGET SURPLUS INTO A 1.2 TRILLION DEFICIT (A 1.4 TRILLION DROP)

(Source 1: CBO - Congressional Budget Office - Historical Budget data - Shows the 236 billion surplus in 2000)

(http://cbo.gov/ftpdocs/108xx/doc10871/historicalta...

(Source 2: Congressional Budget Office - Annual budget and economic report and testimony before Congress on Jan 8, 2009) (Both the report and testimony before congress declare a 1.2 trillion deficit for fiscal year 2009 ---2 weeks before obama takes office)

(http://cbo.gov/ftpdocs/99xx/doc9958/01-08-Outlook_...

(Please note: The fiscal year 2009 started Oct 1, 2008 under president bush. At that time, the 2009 deficit was projected at 600 billion. Then the banking crisis occured in Oct 2008 and bush started a 700 billion TARP bailout program which was added to the 600 billion deficit which left obama with a 1.2 Trillion deficit the day he took office according to the CBO)

BUSH OVERSAW A DOW JONES THAT PLUNGED 25% OVER 8 YEARS

(Source: http://finance.yahoo.com/q/hp?s=^DJI)

GASOLINE TRIPLED UNDER BUSH ENERGY POLICY

(Source: US Dept of Energy- Energy Information Administration) (http://tonto.eia.doe.gov/dnav/pet/hist/LeafHandler...

BUSH DOUBLED UNEMPLOYMENT FROM 4.2% TO 8.2% -----(Feb 2001-2009)

(Source: US Dept of Labor - Bureau of Labor Statistics-)

(http://data.bls.gov/PDQ/servlet/SurveyOutputServle...

15 Answers

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  • 10 years ago

    Well, they are a pretty rich party, and got even richer by oil and war profiteering. Once you get that much money in one place, bribing politicians and running amok in the world, you can accomplish some pretty remarkable things.

    Too bad they weren't more interested in benefitting the USA and it's citizens, instead of operating from selfish motives.... with that much money, influence, and determination....they MIGHT have solved most of the problems the country was experiencing, instead of making everything a million times worse than it was when they took over the White House.

    The most pitiful thing about it is that NONE of them want to admit they did anything wrong, and are single-mindedly trying to block by any means possible those who are trying to clean up the dreadful mess they made. Disgusting!

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  • 10 years ago

    Timeline shows republicans warning Dems of financial and housing crisis; meltdown:

    http://www.youtube.com/watch?v=cMnSp4qEXNM

    Youtube thumbnail

    Democrats in their own words Covering up the Fannie Mae, Freddie Mac Scam

    http://www.youtube.com/watch?v=_MGT_cSi7Rs

    Youtube thumbnail

    &feature=related

    Fannie Mae CEO calling Obama and the Dems the "Family" and "Conscience" of Fannie Mae

    http://www.youtube.com/watch?v=usvG-s_Ssb0

    Youtube thumbnail

    &feature=related

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  • 10 years ago

    What has Obama done, besides make things worse? The time time to stop pointing the finger and take responsibility is now. Obama is worst than Jimmy Carter. Only a smoother talker.

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  • Anonymous
    10 years ago

    I agree:

    =====

    National Debt When Jimmy Carter started: $660 billion.

    Debt added during Carter's four years: $337 billion

    Debt added during Ronald Reagan's eight years: $1.6 trillion

    Debt added during George H. W. Bush's four years: $1.6 trillion

    Debt added during Bill Clinton's eight years: $1.5 trillion

    Debt added during George W. Bush's eight years: $5.5 trillion.

    Portion of the $10.5 trillion added to the national debt during the past 32 years that came during Republican presidencies: $8.7 trillion.

    Percentage of that $8.7 trillion added during George W. Bush's two terms: 63%.

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  • New name, same LIES.

    To the list randomizer again to pick ONE point that you KNOW is dishonest:

    "Gasoline tripled from 1.44 to 4.11 per gallon on July 11, 2008"

    Republican energy policy was NEVER IMPLEMENTED so by blaming "us" you merely prove yourself a liar.

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  • 10 years ago

    they only needed 6 years to destroy the country, the recession started in 2007.

    they ran up the debt, used up the military, destroyed the financial system, skyrocketed energy costs, and unemployment- mission accomplished

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  • Anonymous
    10 years ago

    Bush: Average Monthly unemployment = 5.4%

    Obama: Average Monthly unemployment= 9.4%

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  • 10 years ago

    Obama the Useless Token -

    Your hypothesis is made up of ad hominems.

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  • 10 years ago

    By telling you that they're fixing the problem, but that part of fixing the problem requires you to bend over and take it like a true patriot.

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  • Anonymous
    10 years ago

    Yeah like Obama is doing any better.

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