So who really screwed up the economy? GW Bush or former President Bill Clinton?

Question

The mistakes and actions of the past will most definitely dictate what takes place in the distant future? Or do we need to go several presidents back? ( o _ 0 ) Comments?

Answer 1

clinton

the markets started diving during his reign

Answer 2

The Federal Reserve. Presidents don't run this country. Lawyers and bankers do.

Answer 3

Can't pin this one on Clinton.........Bush had congress and high court in his pocket and a complete monopoly of power.

If Clinton had had the same and the situation was reversed I would blame Clinton but fortunately that's not the case.

Answer 4

Better yet you can ask what do Bill Clinton and GW Bush have in common? They both had a recession in the last year of their respective presidency. I am living proof of the fact that there was a recession that was the same or worse during the last year of Clinton's presidency. I along with other people that I know were layed off from various jobs because the economy was doing so poorly. There were articles in the newspaper of high level execs having to take jobs as limo drivers because they could not get a job after being layed off.

Moses....that is not the case in referring to a recession with Clinton? Where were you during the last year of Clinton's presidency?? Were you in America? How easily people forget and have such short memories. It was only 8 years ago!!

Answer 5

Some of the seeds were planted during the Clinton administration, but Bush just took the ball and ran with it. Everything he has done could have been predicted to have this effect, from privatization of our assets to well-connected companies like Halliburton with no-bid contracts, to starting a war with absolutely no plan to pay for it and no clue it might not resolve itself. I said when he was elected the first time that he would set out to destroy the economy so he could claim that we couldn't afford a social safety net. Guess what? He has done just that.

Answer 6

Presidents alone are popular targets for such blame, but it is far beyond their singular abilities to "s***w up the economy" on their own. It takes LOTS of politicians to do that.

Answer 7

George Bush created huge ongoing debt by starting the Iraq war.  It also created a public relations nightmare for the USA around the world.

George Bush created additional huge debt with the creation of Medicare Part D prescription coverage.  This plan covers too many brand medications that have a generic alternative which would save tax payers money.  Large corporations are making a lot of money on the backs of taxpayers because of this requirement.  This plan cost $432 billion in 2007

George Bush came into office with a surplus of cash and we are now at a huge deficit.

To be fair, he also came in during the bursting of the dot.com bubble.  Both he and Clinton experienced problems due to that.  However, that doesn't excuse spending what we don't have.  Plus, our situation now is much worse and broadscaled than anything at the end of Clinton's tenure.  Remember, Clinton left with a surplus in the treasury.

George Bush seems to be of the mindset to spend and borrow.  He has been a financial disaster for the USA while being an angel for his business buddies.  Oil companies and Haliburton have made record profits during his administration.  

No one could be a worse administrator of public funds than George Bush.

Something else he needs to push for and hasn't done so is to end the practice of index speculation.  This is one of the main reasons the price of oil, gas and food are rising.  All countries need to end this practice.   Pensions and hedge funds should not be allowed to hold them.  Holding them has forced the prices up artificially and is damaging the commodities futures markets.  All speculators in this arena should face position limits.  If no action is taken, food and energy prices will continue to rise.

No one can be worse than Bush has been financially to the USA.  

And, that isn't even getting into the lives lost or disable due to his war.  That cost is incalculable.

Answer 8

Surely you joust!  Ole Dubya, is the culprit who's sending everyone to the soup line as he throws another steer on the barbie.

Answer 9

So who really screwed up the economy? GW Bush or former President Bill Clinton?

Answer).  CONGRESS

Regardless of who will be the next president, good or bad, he or she is not the reason why the way things will be, or have been. Congress (Senate/House) has direct conrol by writing bills to make postive changes, not the president. The president either pass or veto the bill. The next time you want to point figures, take a look at our CONGRESS. Democrats and Republicans will disagree to disagree, always complaining about something and nothing ever gets done.

Just like people constantly arguing that the Dems. or Reps. are at fault.  Cut through the chase, it's our CONGRESS!!!

Read what your Congressman or Senator has done, what he/she voted for, what issues were adressed by going to their home page. http://thomas.loc.gov/links/

GO TO>>> House of Representatives Home Page >>>OR >>> Senators' Home Pages  Watch Video >>>

http://www.youtube.com/watch?v=y7o9p0fP6...

If CONGRESS is working for us, the people. It is obvious they're not contributing in helping U.S citizens, and they have their own hidden agendas. Then, who do they work for?

In addition, it is interesting to know what the U.S government is composed of. There are three branches of government that are suppose to make "checks and balances of one another. 1). Executive 2). Judicial and 3). Legistlative. Learning what branch is responsible for certain issues that are all very important. Also, when voting for president the "electorial college" is the deciding factor of who wins, not the unanimous votes by the people.

OUR Freedoms are on the line here. WE all need to get in touch with what is actually happening in Washington D.C., and become part of a solution!!! Get involved!!! Politics have to stop, we are all "Americans".

Answer 10

Get real.

You are entertaining the fact that this current mess is Clinton's fault after 7+ years of deficit and spend lunacy by the current administration and the Republican rubber stamp congress?

Republican motto:

The buck stops with Clinton.

Answer 11

Because Clinton was playing games under his desk that later required us to go to war and war cost money

Answer 12

gw bush.  He has been in control for the past 7 or so years and currently the defecit is riding at 9.2 trillion.  the defecit was actually going down during the clinton years.

Answer 13

Plenty of blame to go around.  During the Clinton years, lobbyists pushed to raise interest rate laws to 30%.  Clinton also signed off on NAFTA allowing jobs to go over seas.  Clinton also signed off on the sale of defense contractor companies being purchased by China AND then allowed them to move back to China.  MagnaCorp of Valpraiso, Indiana would be a prime example.

Under Bush, those same lobbyists pushed for tougher standards of eligibility regarding who can file bankruptcy.  The lending institutions answered the liberal call for mortgage loans to those who cannot afford housing.  They felt safe to come up with schemes such as Variable Interest Rate loans.  And why not?  Those who agree to these loans have no recoursive action, like bankruptcy.  Stupid people do stupid things all of the time.  Is it REALLY the job of the federal government to hold their hand and protect them from themselves?

And those lobbyists?  Blame that one on Kennedy.  He absolutely refused to listen to Eisenhowers parting warnings about lobbyists in Washington.  Are we through playing the blame game now?  Time to grow up and be responsible and accountable for our actions.