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Old 06-28-2008, 06:16 AM   #8 (permalink)
james t kirk
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Location: Toronto
I think that overall Bush was a very poor president.

Outside of the obvious failures in Iraq and the so called War on Terror, the number ONE problem I have with Bush's policies is his economic policies.

Bush's ecomic policies have increased the US federal debt by double in his 8 year tenure.

I know it isn't as sexy as Iraq, or the War on Terror, but a US federal debt of 9.3 trillion is HUGE. Bush has more than doubled the federal debt during his tenure. And 9.3 T isn't the real number, there are all kinds of other debts that they don't include in that. But for the sake of arguement, lets say 9.3 trillion.

That equates to $31,000 for every man woman AND child in the United States. At this rate, the debt will pass 100% of GDP in the next 5 years. (Assuming that the next president doesn't do something about it.)

More and more US tax dollars are being chewed up just to pay the interest on the debt. Which means that they borrow even more money. When interest rates start to rise, this will get even worse. To compound the situation, the biggest holder of the debt are the Chinese. They could destroy the US dollar if they began to dump their US dollars onto the market.

This free lunch policy of George W Bush is going to haunt future generations. Either the next guy, or the guy after that is going to have some very real very hard economic issues to deal with that are not going to be politically popular.

It's farking unbelievable that Congress somehow thinks that borrowing money to finance tax cuts is a good idea. On top of that, Government Spending in the US is out of control with record increases and record spending in each of George Bush's years in office.

When times are good, he should have been paying down the debt, instead, he doubled it.

As to what good he has done, I have to agree with Ratbastid that Bush has done more for Africa and Aids in Africa than any president before him.

I also don't think he's that bad of a guy and I would invite him to my barbeque (but not Cheney).

Last edited by james t kirk; 06-28-2008 at 06:22 AM..
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