1. 9/11 & Desert Storm
2. Ignoring the housing market and predatory lending. Although, in Bush’s defense, he did push congress to do something about all the sub prime loans that were being used for people to buy homes they couldn’t afford. Congress didn’t act. But it was on his watch. 🤷🏻♀️
Yes, that was a typo in my part. But my comment was still meant to be snarky about the original comment about Republican “ensured spending discipline” because they are never truly conservative, just controlling
Clinton-era balanced budgets were largely a product of economic growth and bipartisan compromise with the 1997 Balanced Budget Amendment. Clinton's policies created the initial trajectory toward deficit reduction, and the Republican Congress ensured spending discipline.
Bush created a subprime mortgage crisis and housing bubble? The Bush administration's tax cuts and increased military spending contributed to budget deficits, which limited the government’s ability to respond to the crisis at first, but like anything ‘economy’, it’s more complicated.
Comments
2. Ignoring the housing market and predatory lending. Although, in Bush’s defense, he did push congress to do something about all the sub prime loans that were being used for people to buy homes they couldn’t afford. Congress didn’t act. But it was on his watch. 🤷🏻♀️
I’m sure Bill has one. If they ask nicely maybe he will give it to them.