I mean, I know you are all about bush, but Jesus, his "watch" destroyed the entire earths economy for fucks sake. That they were then rewarded with trillions of dollars sucks too.
Your using Germany as an example of austerity? You know that their austerity measures in the 30's, killed employment and were a contributing factory to the rise of the Nazi party right?
http://www.huffingtonpost.com/2014/10/13/germany-austerity-economy_n_5976620.html Germany's Austerity Obsession Could Take Down The Global Economy
http://money.cnn.com/2009/01/12/news/bush.tarp/index.htm?postversion=2009011222 Obama: Give me the money Top aide to president-elect tells Congress it's urgent that $350 billion in remaining bailout funds be put to work. Bush makes formal request to lawmakers.
article critical of how bush spent first half of the bailout cash and how Obama administration would require more oversight, and damn that forecloser/consumer protection part. Kenyan communist obviously sending the taxpayers money to relieve tax payers and not cooperations.
Germany's economy is suffering as well. If they didn't like the game they should have never entered the EU. A shared economy with different governments is a bad idea IMO. In the US the blue states pay for the red ones for the most part. Difference is the federal government.
The reason why a lot of Republicans liked Clinton was he was willing to give and take with the other party to get things done. Obama didn't... Obama forced the issue and would rather do a "stale mate" then give into anything the GOP had to offer. It was his way or the highway, up until the GOP gained control and forced Obama to give. I'm tired of the bullshit excuses of Obama being some hero that saved the economic future of this country. When he was in office and the Democrats had control of the Senate, we doubled the spending and debt of GW Bush. Only until the GOP gained control of the Senate was when we had true checks and balances. I'm not saying either party is some great power, but the balance must be needed in order to keep this country healthy.
I dont think anyone considers Obama a superhero, if you think thats the liberal perspective then you've been reading to much of The Blaze. FWIW I dont think McCain or Romney would have done much different, the bail out was about appeasing corporations which own our politicians, doesnt really matter which one is in office. I have plenty of criticism for Obama but it centers around the Wall Street accountability and the NSA. A lot of the public criticism I hear is just Obama hate, short term memories, or skewed information.
http://en.wikipedia.org/wiki/Great_Depression#Germany Hitler followed an autarky economic policy, creating a network of client states and economic allies in central Europe and Latin America. By cutting wages and taking control of labor unions, plus public works spending, unemployment fell significantly by 1935. Large scale military spending played a major role in the recovery.[91] http://en.wikipedia.org/wiki/Autarky Autarky is the quality of being self-sufficient. Usually the term is applied to political states or their economic systems. Autarky exists whenever an entity can survive or continue its activities without external assistance or international trade. If a self-sufficient economy also refuses all trade with the outside world then it is called a closed economy.[1] (Looks like austerity got the Germans out of the Great Depression half a decade sooner than FDR's opposite policies. And then it was only sending 5M people who needed jobs over to Europe and the far east to fight in the wars that got us out of it.
If you don't learn from history, you're doomed to repeat it. In most countries of the world, recovery from the Great Depression began in 1933.[11] In the U.S., recovery began in early 1933,[11] but the U.S. did not return to 1929 GNP for over a decade and still had an unemployment rate of about 15% in 1940, albeit down from the high of 25% in 1933. (From the same WikiPedia link above)
http://subjectlinesblog.com/subjectline/sexy-federal-budget-graphs/ comparative spending with pictures to save some heavy lifting in reading entirety
