I was really made aware while watching Fox News last night how my liberal Democrat attitude has resulted in ignoring the work of the Republican party in this nation’s history. As Glenn Beck and Sarah Palin and Michele Bachmann have made clear to me, the death of Osama bin Laden was the result of past actions on the part of Republican presidents. I had never realized their contribution to the present. I assume this means past Republican presidents also shaped the current economic situation? For example:
1. George Bush tax cuts in 2001 resulted in a loss of revenue of about $2 Trillion.
2. George Bush wars in Afghanistan and Iraq surely resulted in a loss of $1 Trillion.
3. George Bush inherited from Bill Clinton a budget which had a $300 Billion surplus and subsequently ran deficits of about $300 billion a year.
4. George Bush did not hand over to his successor a budget in surplus, but handed over a budget that had a $1 Trillion deficit.
So credit is due to those who gave us the current recession. Frankly, I am tired of this whimp Barack Obama trying to take credit for a recession that was created by the Republican party!