Headlines this week read:
Bush
Budget Sees Bigger Deficits as Economy Slows details.
Bush has been an irresponsible and incompetent manager of the economy.
When he came into office there was no national debt but now Bush has created a national debt of historic size.
He decried the Democrats for policies of "tax and spend" only to replaced that policy with his "spend and borrow" approach to managing the economy and the huge waste of billions of dollars in Iraq; a war started with deliberate lies that may become the world's first Trillion Dollar War.
To make it clear: The Fed is like FEMA. We should not be fooled by the suits and smiles.
Bush and the Federal Reserve System is helping the economy like FEMA helped New Orleans. The real beneficiaries so far have been the banks that made the bad loans and did the real estate scams, to begin with.
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