Like Obama, James Carville Blames Bush For Coakley Loss
Last week Barack Obama and his ego blamed the Massachusetts massacre on eight years of George W. Bush.
Well Barack Obama is not alone.
Yesterday, far left hack James Carville also blamed Bush for the shocking democratic senate loss in Massachusetts.
The Financial Times reported:
…Democrats would not be playing the blame game with one another for the loss or for the healthcare debacle if they had only pointed fingers at those (or in this case, the one) who put Americans (and most of the world) in the predicament we’re in: George W. Bush.
It is under his disastrous tenure in the White House that health insurance premiums nearly doubled for the average American family and the number of uninsured skyrocketed. It was under Mr Bush that the deficit spiralled out of control as we fought an unnecessary and endless $3,000bn war in Iraq and enacted the largest unfunded entitlement programme in history with the Medicare prescription drug benefit. It was Mr Bush’s economic team that worshipped at the Church of Deregulation and was asleep at the wheel as banks and insurance companies became too big to fail.
But Barack Obama, the US president, and his team admirably and eloquently argued that the US was ready to turn the page on the Bush years, ready to be united. Rather than look backward we should march forward in a new post-partisan environment.
Part of the problem is that Mr Obama was refreshingly naive in believing his own rhetoric. He really believed we could rid Washington of revolving doors filled with lobbyists or that “there is not a liberal America and a conservative America”. Mr Obama and his team really believed he could bridge the partisan divide. Being elected as a change candidate in a change election does not translate into changing Washington. Nothing can change Washington.
Once again here are a few facts that Carville forgot to mention in his Bush hit piece…
During the Bush years, despite the 2000 Recession, the attacks on 9-11, the stock market scandals, Hurricane Katrina, and wars in Iraq and Afghanistan, the Bush Administration was able to reduce the budget deficit from 412 billion dollars in 2004 to 162 billion dollars in 2007, a sixty percent drop. In 2004 the federal budget deficit was 412 billion dollars. In 2005 it dropped to 318 billion dollars. In 2006 the deficit dipped to 248 billion dollars. And, in 2007 it fell below 200 billion to 162 billion dollars. During the Bush years the average unemployment rate was 5.2 percent, the economy saw the strongest productivity growth in four decades and there was robust GDP growth. These were amazing accomplishments considering the unexpected challenges. You certainly didn’t read much about this in the press.
But, things changed in 2007. Democrats took over Congress, gas prices started to rise, and at the end of the year and into 2008 several financial institutions started to crumble as the housing bubble began to burst. Of course, it should be noted that President Bush publicly called for the reform of Fannie Mae and Freddie Mac 17 times in 2008 alone before Congress acted. Democrats, on the other hand, blocked reform numerous times. It was later reported after the 2008 election that Bush had nothing to do with the financial crisis. Hoover Institution visiting fellow Scott S. Powell wrote in Barron’s in February of 2009 that the present crisis began in the 1970s, during the Carter administration, with passage of the Community Reinvestment Act to stem bank redlining and liberalize lending in order to extend home ownership in lower-income communities. This risk was acknowledged in the Bush administration’s first fiscal-year budget, released in April 2001. Sadly these warnings were ignored by Congress.
It’s weird how democrats always seem to forget those facts when talking about George W. Bush.