Quote:
Originally Posted by wiggidy
These are my favorite posts.
Please, in detail, explain to us these mistakes the republicans made that reflect fiscal conservative policy choices and hurt the economy in the long-run.
|
We have to go back to before Bush, but into a Republican Congress. We also have to speak some of foreign policy
a. 199? Phil Gramm blocks a bill proposed by the Dems to regulate banking so as to dry up terrorist money. This enables plotting for 9/11 to continue.
b.1999 the Republicans pass, along Party lines, the bill repealing the Glass Steagall Act, this enables the practices that will lead to the real estate bubble and the banking meltdown 9 years later. The subPrime meltdown in 2006 is a consequence, not a cause, of this. Though it in fact took place before the overall banking failure, it was a precursor
c. 2001, being warned of 9/11 Bush ignores it.
d. 2003 Bush uses 9/11 and the "threat" of nonexistent WMD to invade Iraq. Iraq is one of the very few stable nations in the area with a leader who, while not a nice person, is not that bad considering the area and who we had worked with before. Most importantly, he is as much a target of al-Qaeda as we are.
e. 2003-2008 Bush continues to wage a ruinously expensive war while cutting taxes. This act, unprecedented for stupidity in WORLD history, skyrockets our deficit.
f. 2006, the Republicans are thrown out of majority positions in the legislature, they remain, however, influential enough to completely block any of the attempts at economic reform proposed by Dems. They will later use these very attempts to promulgate the myth that Barney Frank et al wanted to continue subPrime abuses when, in fact, they were trying to reform the overall banking abuses which the Republicans had started in 1999.
g. 2008. In dealing with the banking meltdown the Republicans, like petulant children, continue to try to block needed reforms, their attitude resembling that of the Nazis at the end of WWII who wanted to destroy all of Europe in a Goettedammerung as the Allies invaded. Their goal has been to topple the US as a free country and then rule from the ruins, as it were. They have continued this to the present day.
There's more, but that's it in a nutshell.