- Joined
- Dec 20, 2009
- Messages
- 75,681
- Reaction score
- 39,936
- Location
- USofA
- Gender
- Male
- Political Leaning
- Conservative
1. A huge debt acquired through two wars (Afghanistan, Iraq) that accomplished virtually nothing
while you could argue back and forth on the efficacy of the campaign in Iraq and Afghanistan (and isn't it interesting how rapidly the left has shifted from calling Afghanistan 'the good war' to 'one of George Bush's wars'); the cost for them both over the period of George Bush's presidency was less than last years' deficit under Barack Obama. Eight Years of Iraq cost less than the so-called "Stimulus" plan alone.
2. Tax cuts on the wealthiest Americans, increasing our deficit tremendously
actually tax receipts climbed to historic high's following the 2003 tax cuts; though you would be correct to note that the 2001 tax credit emphasis did not accomplish much, as tax credits tend not to do.
3. Participated in financial deregulation that caused the recession (Reagan, Bush H.W., and Clinton all participated too)
the meltdown in the financial sector was caused by a whole host of factors (including, it is worth noting, massive overconsumption on the part of regular Americans); but yes, Bush rightfully should get a chunk of blame for his role.
4. Advocated "free trade" with other countries, something that encourages corporations to shut down their factories here and set up overseas because countries like China have way less regulation in regards to workers' rights and wages
I think you are thinking of NAFTA - which was passed under President Clinton and which helped lead to historically low unemployment.
5. The Medicare Prescription Drug, Improvement, and Modernization Act, a piece of legislation designed to create larger profits in the healthcare industry.
actually it was designed to provide prescription drug coverage in Medicare using a semi-market based system to hold down costs. and it has worked beautifully - thus far, it is the only program of it's size and nature in American history to come in at 42% BELOW projected costs, and it has held the rate of inflation in the healthcare that it covers down to 1.2%.
The pharmaceutical industry (big pharma) has spent more on lobbying than any other industry
that's not quite true - but be that as it may; the money in lobbying has only increased.