Is it any surprise that a man with such deep personal ties to financial irresponsibility and malfeasance believes that people should not be held accountable for their actions?
Filed under: economy | 1 Comment »
Between the economic crisis, the war in Iraq, a misguided foreign policy and divisive domestic policy that squandered international goodwill and Americans’ desire to unite in the aftermath of September 11th, warrantless wiretaps, torture, policies that inhibit scientific progress, and unprecedented undue corporate influence in regulatory agencies, there are many reasons that the Bush administration is one of the worst ever. However, future historians will probably judge Bush by the aftereffects of his policies that endure long after the incoming Obama administration begins to change the nation’s course. It is therefore worth asking the question, “what will be the enduring legacy of this administration?”
Filed under: economy, education, environment, foriegn policy, health care, science and technology, war | 1 Comment »
It appears that I underestimated the cost of the bailout in my previous post. Today, CNBC reported that the cost stands at $4.28 trillion. That is more than the total inflation adjusted cost of all of WWII. Here are some numbers to put that in perspective.
Filed under: economy | No Comments »
From taxpayers’ wallets into the coffers of Wall Street firms, the Bush Administration has presided over the largest redistribution of wealth in American history. $2.9 trillion has already been committed and it looks like more government bailouts are still being contemplated.
Filed under: economy | 5 Comments »