Here’s how I think it will work out:
1) The Republicans, since the 1990s, have worked steadily to remove regulations and allow banks and lending companies to rape and pillage — simple usury. Republicans have no idea what fiscal responsibility is.
2) The ensuing boom, which took place during Clinton’s administration, is credited to Clinton although he seemingly had little to do with it other than to ride along and cheer.
3) Bush’s policies, including pre-emptive war bolstered by falsified intelligence, inadvisable tax cuts, and huge government spending leads us into a new depression and the collapse of the bubble. He goes from record surplus to record deficit almost immediately.
4) Bush’s bail out plan for his rich, greedy banker pals costs $700 billion dollars. He exits the office leaving behind an incredible $1.2 trillion deficit. ($470b + $700b)
5) Obama is elected president by a populace tired of Republican shenanigans for the rich. Left with an all-time record deficit and the looming cost of the $700 billion bail out, his tax cut for the middle class is canceled and toward the end of his administration he is forced to raise taxes to pay for the Bush years. It’s the responsible thing to do but not the politically popular thing to do — politics has no bearing on reality.
6) Republicans are swept back into office with the promise of tax cuts. The cycle of greed begins again.
