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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Haha, the elites of dcum just can't accept that the unwashed masses of UK (or US) could possibly understand what is in their own interests.  No, no - they need an elite bureaucracy like Brussels or DC to rule over them![/quote]

The track record of the "guns and religion" crowd in the US for voting in their own economic self interest isn't great.  The citizens of the UK voted for austerity in the wake of the global banking collapse, that didn't go well either.  Those folks called economists generally do know what they are talking about.[/quote]

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In fact, your "guns & religion" claims dispute your own point. This demographic (much of it hardworking blue-collar folks) did not vote in the current govt. They knew (via common sense), that shipping out over 50,000 factories to Mexico & Asia, giving amnesty and welfare bennies to hordes of illegal immigrants, signing skewed treaties to destroy US balance of trade, just cannot be good for them.  And sure enough, it wasn't. That's why people are mad as heck with these ruling globalists.[/quote]

Right, they voted in the guy who broke the global economy and caused s world wide near depression, mostly by gutting the regulatory agencies and encouraging  the housing bubble.  Add in two unfounded, unwarranted wars, and a massive tax cut that turned the U.S. Surplus into a pretty significant deficit.  All Obama did was stave off that depression, save the auto industry, and get us back to five percent unemployment.  The nerve.  [/quote]

Jeez. Nice job making BS up.

1.  While Bush '43 was a disaster, the one mess you can't really lay at his feet is the housing bubble. The Bush admin was sounding the alarm on housing, but congress--and Barney Frank in particular--had no desire whatsoever to make a move on housing.

2.  The TARP legislation is what staved off the potential global depression. TARP was a Bush '43 program passed with (almost exclusive) Democratic support. Yes, Obama did inherit a mess of an economy, but the chance of a global depression by the time Obama was sworn in was insignificant. To credit Obama with staving off the threat of global depression is pure partisan rewriting of history.

3.  Bush was the one who decided to bail out the auto industry by extending TARP to GM and Chrysler. Bush absolutely broke ranks with his party to do that, but he stands behind that decision as the rob thing to do.  Yes, Obama came along and expanded the auto bailout which provided some much needed marginal liquidity, but in the process he lbasicalky rode roughshod over the Bankruptcy code to achieve his real goal of bailing out the UAW whose members were going to get wiped out in BK court. To credit Obama with bailing out the auto industry is also a purely partisan interpretation of the facts on the ground. And none of this even addresses the threshold question of whether the auto industry needed to be bailed out given that Ford found a way to survive the economic crisis without Uncle Sam's help.

I am in no way a Bush '43 fan or supporter, BU my question to you is simple:  Are you intentionally being misleading or do you just not know and understand what happened in the fall of 2008?[/quote]

Sorry, when was Bush sounding alarms on the housing industry?  And what was he trying to do that Barney Frank was preventing? I must have missed all that.  [/quote]

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