Bush Disaster

''“With his unprovoked and disastrous war of aggression in Iraq and his monstrous deficits, Bush has set this country on a course that will take decades to correct,” said another historian. “When future historians look back to identify the moment at which the United States began to lose its position of world leadership, they will point—rightly—to the Bush presidency. Thanks to his policies, it is now easy to see America losing out to its competitors in any number of area: China is rapidly becoming the manufacturing powerhouse of the next century, India the high tech and services leader, and Europe the region with the best quality of life.”'' - http://hnn.us/articles/48916.html

“No individual president can compare to the second Bush,” wrote one. “Glib, contemptuous, ignorant, incurious, a dupe of anyone who humors his deluded belief in his heroic self, he has bankrupted the country with his disastrous war and his tax breaks for the rich, trampled on the Bill of Rights, appointed foxes in every henhouse, compounded the terrorist threat, turned a blind eye to torture and corruption and a looming ecological disaster, and squandered the rest of the world’s goodwill. In short, no other president’s faults have had so deleterious an effect on not only the country but the world at large.”

http://hnn.us/articles/48916.html

''Nouriel Roubini, a New York University professor nicknamed ''Dr. Doom'' for his dour views on the economy, says in this video that when President Obama came to power, he inherited a budget deficit of $1.2 trillion. When Bush came to power, the country had a surplus of $300 billion.

''We destroyed our fiscal sustainability before [President Obama] came to power,'' Roubini said. ''We had guns and butter and low taxes. It doesn't work. iI you want guns and butter, you should have high taxes during wars.''

Obama ''inherited a mess,'' Roubini added. ''We're lucky that this Great Recession is not turning into another Great Depression.''''


http://money.msn.com/mutual-fund/article.aspx?post=09d90714-2402-4772-a6c5-86d2af7ccaed


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