Wednesday, October 8, 2008

Bailout Blame Game

Although Bush inherited a recession, this more severe one can be explained by his expansions of bureaucracy and debt, which have occurred at such record levels that his likely successors, though men of the Left, are welcomed because they could be viewed as being to Bush's right. Furthermore, the doubling of the national debt in seven years (and increasing it by a half trillion dollars in the last two weeks alone) is one of the primary unstated reasons for credit problems today, which explains the political desire to blame Wall Street.

There's plenty of blame to go around for the current economic plight and GWB is not solely responsible for it, but he has signed nearly every spending bill he has seen and has promoted the rapid ascent of big government on his watch. Christopher Westley points fingers at some of the other culprits as well.

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