Granted that the National debt increased about $3 trillion over 7 years of Bush (and the numbers jumped from about a $500 billion increase a year to $1 trillion a year after 2007), but in raw number terms, it increased in what Bush's regime spent in 8 years in less than 3 of Obama's. From 2008-2009 and 2009-2010,
the yearly increase was over 3 times what the average increase of a Bush year was. I'm guessing that subject will be avoided as well. And Clinton's regime doubled the National debt (despite Republican attempts to apply the brakes), but to be fair, Reagen's tripled it. (But so did Carter's).
The main reasons for the Economic crash nonetheless were from Democrat-pushed policies like the FDIC and Fannie and Freddie and the House Price correction which toppled the value of such debts.
So, you are in complete agreement with Obama and the Democratic finance leaders in Congress?
Now I see that as I predicted, no one has any actual direct complaint against TARP or what harmful effect on the economy it had (And of course, no reason to address what would have happened if it didn't go through),
or wants to address the fact that its expected to turn a profit. No, I'm not in complete agreement, I would have TARP laid out as the Republicans first proposed it before the Dems got their grubby paws on it and modified it to suit their liking.
What kinds of "Regulations" and "Tarriffs" do you want to impose on Companies who outsource? What about companies who simply cannot afford to deal with the high costs of American regulation compliance? You ever heard of "Retaliatory tarriffs"? You might think that would hurt exports...
? There was no real economic growth
You must have a radically different idea of what "economic growth" means, because the economy was growing at a breakneck speed of 4.5% a year until 2006.
The American consumer couldn't really afford all of the products that were outsourced to China...
Name some of these products that were outsourced to China they couldn't on average afford specifically. Can you guess some of the reasons why its so much cheaper to Outsource to China?
But the facts are the economy was already starting to crumble while Dubya was still in charge
Define what you mean by the economy crumbling during the Bush years.
Do you honestly think taxing the rich more is going to make more and better paying jobs (outside of publicly-funded public sector jobs?)? I'm guessing this question will get avoided as well.
And as for nationalizing the Banks like Sweden (which has a population of less than 10 million, to keep in mind when comparing), that's sort of what the Fed is trying to do right now by getting the Private Banks into a new $16 trillion dollar debt, which is totally beneficical to the Government if they default and have to hand over their assets.
In most nations on this planet, there is no point to the political system! It is just a reality TV show that entertains mindless drones that want an alternative to American Idol and Dancing With The Stars!
Which is why many of the Greeks considered Democracy and Republics to be jokes, why the Founding Fathers said things like "We are changing from 1 tyrant to 3000". Maybe, just maybe, 1 tyrant IS better than 3000, and is certainly better than "mob rule". Even Medieval and Renaissance "Absolutist" kings were held in checks and balances by their Aristocracies. Some of history's best golden ages were under benevolent monarchs/dictators. The problem is when the dictators are like Nero...