David Kirkpatrick

September 21, 2008

Okay, can we all now agree …

Filed under: Business, Politics — Tags: , , , , — David Kirkpatrick @ 1:17 am

… that George W. Bush and the Bush 43 regime are not the least bit conservative by any measuring stick other than one wielded by christianist whack jobs? His expansion of government and profligate spending puts FDR to shame.

From the link:

The Bush administration on Saturday formally proposed a vast bailout of financial institutions in the United States, requesting unfettered authority for the Treasury Department to buy up to $700 billion in distressed mortgage-related assets from the private firms.

The proposal, not quite three pages long, was stunning for its stark simplicity. It would raise the national debt ceiling to $11.3 trillion. And it would place no restrictions on the administration other than requiring semiannual reports to Congress, granting the Treasury secretary unprecedented power to buy and resell mortgage debt.

A Republican, let me repeat — a Republican president dumped this steaming load of a proposal in taxpayer’s laps.

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