The Fiscal Lunacy of Electing Democrats to Congress

On Sep. 7, Barack Obama waded into the midterm elections fray with a speech at the University of Illinois, proclaiming that the good economy we're currently enjoying actually started under him.  According to Obama, Trump inherited it all.  Be that as it may, what did Obama inherit? Some will make Obama's economic inheritance out to have been the worst situation ever.  But actually, the crisis that we faced in Sep.-Oct. of 2008 had already been dealt with by the Bush administration.  Recall that the financial markets were seizing up; we were looking into the abyss, the collapse of capitalism.  Treasury secretary "Hank" Paulson even reportedly knelt before Speaker Pelosi, begging her to usher the $700B TARP through Congress. Bush, Paulson, and Fed chairman Ben Bernanke stepped into the breach and stopped the hemorrhaging.  By the time of Obama's inauguration, the markets...(Read Full Article)
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