Obama seems to want to blame the existing economic woes on the prior Administration. Half of Americans actually believe him. Many forget the Constitution dictates that the president will provide for the common defense. These nine items describe some major differences in Bush vs Obama:
#1: Presidents don’t make prosperity. The free market does. The president cannot directly affect the stock market, hiring, the GNP, gold prices, the lending rate, the mortgage rate, the prime rate, or any other market measurement. Indirectly, he can affect total government revenue brought in per year by changes in the tax rate: http://www.heritage.org/research/taxes/bg2001.cfm.
#2: The current economic morass was started by the Clinton administration in the 80’s. But Bush is blamed because it started on his watch. This can be viewed from a New York Times article written 9/30/99 by Steven Holmes:
The Bush Administration and Senator McCain warned 11 times about Fanny Mae and Freddy Mac. This became the 2008 financial crisis starting in 2002. Democrats, like Barney Frank, extended loans to people who couldn’t afford them. Back then, Frank actually said the federal government wouldn’t bailout anyone.
Starting in 2001, Bush raised several “red flags” about FME and FMA, and that this economic crisis was coming. Alan Greenspan (past Chairman/
Federal Reserve) repeated that in 2005. In 2006, McCain even warned of an impending depression. But nothing could be done because Democrats had control of the Congress, and Frank was the Chairman of the Financial Services Committee.
The video http://www.youtube.com/watch?v=cMnSp4qEXNM&NR=1 by FOX News (Brit Hume//9/24/08) revealed a systemic risk found in 2003 that could cause problems in other financial markets.
#3: 9/11 was only the continuation of radical Muslim aggression against the US. Many forget how Muslims caused the Crusades, the Spanish Inquisition, the Barbary Pirates, airplane hijackings, the six major terrorist actions before 9/11, 9/11, the 7 failed terrorist attacks in the US after 9/11, and the three major terrorist bombings in the rest of the world after 9/11.
But there were no deaths due to terrorist attacks in the US since 9/11 on Bush’s watch. Only now, Obama has publicly stated that there will never be war against Islam again. He doesn’t seem to understand the term “jihad”.
#4: Hussein did have WMDs, and intended to use them. Hussein’s 550 metric tons of yellow cake was taken from his Tuwaitha nuclear complex twelve miles south of Baghdad in 2003. The complicated removal involved a two week airlift from Baghdad, and ship voyages across two oceans. See http://www.msnbc.msn.com/id/25546334/ .
#5: Large bonuses are not the problem. The bonuses to AIG, or any corporation, were contractual obligations before AIG’s seizure. But the government forced themselves into things. If AIG had gone into bankruptcy, then the standard proceedings would have decided whether to thin out these bonuses. The two biggest Congressional recipients of bonuses from the A.I.G. are – Senators Chris Dodd and Senator Barack Obama.
#6: Just in Obama’s first 100 days, he has initiated 26 pro-abortion bills. A brief synopsis can be read in the following column by Steven Ertelt:
http://www.lifenews.com/obamaabortionrecord.html It’s almost if Obama has rescinded or eliminated any pro-life bill Bush had initiated.
#7: Obama refuses to clear up a major eligibility question to the presidency.
The Constitution simply states that the president must be a natural born citizen. He has provided a birth certificate, but it has been debunked as a forgery. More information can be found at: http://www.telegraph.co.uk/news/worldnews/northamerica/usa/barackobama/4929005/Barack-Obama-fights-presidential-eligibility-claims.html
#8: Bush’s stance on lower taxes had the economy headed for ½ deficit reduction much sooner than the end of his 2nd term, until he was wrongly advised to provide a smaller stimulus. Brian Reidl (Heritage Foundation) explains it here: http://www.heritage.org/research/taxes/bg2001.cfm Obama has run up a deficit of over $2 trillion.
#9: Missile defense was initiated by Bush but is degraded by Obama. Missile defense completely neutralizes any rogue or enemy nation launch, or any terrorist launch. It eliminates any blackmail, current technology allows for the US to hit a ‘spot’ on a ‘bullet’ with a ‘bullet’, and best of all, nobody is killed with this defensive action. NewsMax states:
When the dust all settles, and everyone is in their mortal grave, each one of us will have to answer for our earthly actions. At least Bush will get salutes for all those babies that were saved during is administration. Salutes from all those Americans saved from additional terrorist attacks. And from citizens who were, or could have been, saved by missile defense.
Yes, even presidents have to answer to a higher power. For this last test, it will be doubtful one’s tax bracket will have any effect.
Kevin Roeten can be reached at [email protected].