A Trillion Dollars. A Freakin' Trillion Dollars
From Politico:
"Chairman Chris Dodd (D-Conn.) said on ABC’s “Good Morning America” said lawmakers were told last night 'that we’re literally maybe days away from a complete meltdown of our financial system, with all the implications, here at home and globally'...
"The solution being proposed by the Bush administration is the most expensive bailout in the nation’s history...
"Sen. Richard Shelby of Alabama, the ranking Republican on the Banking Committee, told “Good Morning America”: 'I figure it will be at least half a trillion. But if you look at what the Fed has already done [by rescuing insurance giant AIG], and the extension of power to Treasury to deal with Fannie Mae and Freddie Mac, I believe we're talking about a trillion dollars.'"
George W. Bush took over the Executive Branch in 2001 with a budget surplus. He has spent billions of dollars on a War against a nation based on a lie. He has implemented tax cuts in a time of overwhelming fiscial irresponsibilty. He failed to act when a major U.S. city was washed away by natural disaster. Now, his legacy will include the largest economic disaster since the Great Depression.
Give me an argument that the Bush 2 Administration isn't among the worst in history. I'd like to see you try and make it.
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