George Bush - Is He The Real Reason the U.S. Economy is in Shambles?
posted October 7, 2008 - 6:17pmAs the U.S. economy swirls into a tailspin, people look toward the President of the United States and the CEO's of large financial corporations to place the blame. However; if individuals could have managed their own budgets this economic downturn would never have occurred.
Fiscal responsibility begins in the household of every American. It doesn't take a rocket scientist to figure out that if a family brings in $35,000 per year net income, there is no way they can afford a $2,000 per month house payment.
Sure; the banks and mortgage companies should have picked up on such a deficit. But; any moron with a calculator could have also.
My answer to the current fiscal crisis would not be to bailout the idiots who got themselves into such a mess. This bailout will end up costing honest, prudent citizens hundreds of dollars in additional taxes. The answer lies in penalizing the fiscally incompentent; from individuals all the way up to corporate CEO's who thought they were going to march onto easy street with a worthless signed piece of paper.

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Republicans ran Congress for most of Clinton's presidency
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Penalizing is reasonable
Simplistic and Diffuses the Real Blame
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