The GW Bush Administration basically set off an Economic
Neutron Bomb. I would say their highest priority task was to
STEAL trillions of dollars from the American People - Iraq
war, war profiteers, no-bid contracts, billions is 'lost
money', failed (on purpose) government programs (census bureau
hand held computers, IRS failed programs, etc), the Oil
Monopoly price gouging. And...
And the BIG one - the purposeful economic treason of failing
to regulate and stop the unbelievable illegal practices of
Private Mortgage Bankers, Investment Bankers, Insurance
Companies, and Investment Rating Companies.
They have tossed MILLIONS of Americans into the streets
(foreclosures). They have TANKED the stock market taking
trillions from American Retirement Funds and Safety Nets. They
have TANKED the entire Economy and the economy CONTINUES to
decline. They have left America jobless.
The final conclusion is that they, ( Bush, Republicans, some
Democrats, corporate executives, Wall Street, Bankers, oil
companies), purposefully set into place policies, procedures,
and acts that STOLE almost every last drop of American
people's wealth ALL at the expense of DESTROYING our country.
On Jan 20, 2001 the DOW was 10,587.59
On Jan 16, 2009 the DOW was 8,281.22
Net Gain/loss -2,306.37
In 8 years, the DOW LOST .78%
-----
On Jan 22, 2001 the National Debt was 5,727,776,738,304
On Jan 16, 2009 the National Debt was 10,628,881,485,510
------------------
Net Gain +4,901,104,747,206
The National Debt basically Doubled under GW Bush.
I am not sure if the Cost of the Iraq War and and TART is
included in the National Debt. If it was not, then I believe
you can add in $1.4 trillion (+/-).
----
The National Bureau of Economic Research has stated that
America has been in
Recession since December 2007. This is backed up be US
Department of Commerce
figures:
Real GDP
2007 2007 2007 2008 2008 2008 2008
II III IV I II III IV
0.1 4.8 4.8 -0.2 0.9 -0.5 -6.2
-------------------------------
Unemployment data
http://www.bls.gov/
http://data.bls.gov/PDQ/servlet/SurveyOutputServlet?data_tool=latest_numbers&series_id=LNS14000000
(if someone could post the actual graphs - that would be
great)
2007
4.6
4.5
4.4
4.5
4.5
4.6
4.7
4.7
4.7
4.8
4.7
4.9
2008
4.9
4.8
5.1
5.0
5.5
5.6
5.8
6.2
6.2
6.6
6.8
7.2
2009
7.6
-----------------------
1. Historical DOW: http://finance.yahoo.com/q/hp?s=%5EDJI
2. National Debt:
http://www.treasurydirect.gov/NP/BPDLogin?application=np
3. Recession:
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/12/02/MNTL14FCBU.DTL
4. GDP:
http://www.bea.gov/national/nipaweb/TableView.asp?SelectedTable=1&FirstYear=2007&LastYear=2008&Freq=Qtr