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marmar Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-26-08 08:14 PM
Original message
John Kyl, epic bullshit spewer
Edited on Sun Oct-26-08 08:15 PM by marmar
from ThinkProgress:



Kyl Says Bush Is Blame-Free In Financial Mess: The President Doesnt Run The Economy

Today on CNNs Late Edition, Sen. Jon Kyl (R-AZ) claimed President Bushs economic agenda had nothing to do with the current financial crisis, insisting defiantly that Bush doesnt run the economy:

KYL: George Bush doesnt run the economy. He didnt create this problem. His tax rates being lower actually helped for six years create the second largest economic growth that weve had in the history of the country in recent years. The President doesnt run the economy.


Watch it: http://thinkprogress.org/2008/10/26/kyl-bush-run-econom... /


The current financial crisis is a direct result of Bush running the economy. Bushs massive tax cuts for the wealthy have contributed to record inequality and historic deficits and debt. The administration gutted several specific regulations of the financial system, helping plunge Wall Street into the mess it is facing today.

Embracing a common conservative talking point, Kyl tried to lay all the blame for the crisis on the lack of regulation of Fannie Mae and Freddie Mac. As Alan Greenspan, SEC Chairman Chris Cox, and former Treasury Secretary John Snow along with the Wonk Room have stated, this is false.

CAPs Scott Lilly noted that for the past eight years we have papered over the fact that American consumers do not have the purchasing power to sustain economic expansion. Why? Bushs policies have done nothing for the majority of Americans.

If Bush or any president doesnt run the economy, then who does, Sen. Kyl?


http://thinkprogress.org/2008/10/26/kyl-bush-run-econom... /


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flying_wahini Donating Member (856 posts) Send PM | Profile | Ignore Sun Oct-26-08 08:21 PM
Response to Original message
1. he's had way tooooo much koolade... cut him off

n/t
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