Powered by Max Banner Ads
Carter Slams Bush For Economic Crisis
It’s official. Former President Jimmy Carter has finally lost it. The guy who literally destroyed our economy to the point that people were lining up at soup kitchens is slamming President Bush over the economy.
Former President Jimmy Carter said on Friday the “atrocious economic policies” of the Bush administration had caused the worst global financial crisis since the Great Depression of the 1930s.
Carter told reporters on a stopover in Brussels that “profligate spending,” massive borrowing and dramatic tax cuts since President George W. Bush took office in 2001 were behind the market turmoil and economic crisis.
“I think it’s because of the atrocious economic policies of the Bush administration,” said the 84-year-old Democrat, who served in the White House from 1977-1981 during a period of high inflation and energy crisis.
Like he was during his four years as President and every subsequent year since, Carter is just wrong. Tax cuts didn’t have a thing to with it nor did “profligate spending.” Instead it was cowardly democrats like him who caused this mess. Guys like Barney Frank and Chris Dodd who fought tooth and nail to keep any new regulations on Fannie and Freddie from passing.
I hate to belabor the point, because it seems like I’m always talking about Jimmy Carter. There is nobody on this planet less qualified to give advice about anything besides peanut farming than Jimmy Carter. He was absolutely the worst president in modern history. His economic policies were an absolute disaster as was his foreign policy.
This is the guy who stopped backing the Shah which led to the coup in Iran that we’re still dealing with today. He allowed the Iranians to hold U.S. citizens hostage for 444 days and humiliate us in front of the world.
It took Reagan 8 years to heal the damage caused by Carter’s brief tenure at 1600 Pennsylvania Ave.
-Chris Jones
Posts
