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Originally Posted by RIJIMMY
I struggle with the rationalization of this one,,,,I mean it was supported by both house and senate and by both candidates.
Why does it get labeled the "Bush" bailout?
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It's the "Bush" bailout because he sat down and wrote up the entire proposal himself, without any help. He's also responsible for the suspension of game 5 of the World Series and the extinction of the Dodo bird.
I understand Bush being blamed for a lot of what has gone wrong in this country over the last 4 years because he has been a failure as a President and a leader. But to blame him for the economy or the bailout package shows how little people know about what's going on in government.
The economy was largely good while the Republicans controlled Congress (look at consecutive quarters of economic growth) and it has really suffered in the last 1 1/2 years since Congress has been Democrat controlled. Coincidence? Maybe. But, the horrible bills that made it possible for people who in no way could afford home ownership to get mortgages, were Democrat written and approved by Democrat votes in Congress.