Bush Is Turning the USA into a Subprime Borrower

[bootylicification]

The debt when George W. Bush took office was $5.727 Trillion when he left it was $10.627 Trillion. The total debt that George W accumulated in eight years of office is $4.84 Trillion The debt right now is $14.23 Trillion. In approximately 788 days in office, Obama has accumulated $4.24 Trillion. Using simple algebra you'll find by Nov 24 2011, Obama will have accumulated more debt in three years than George W. did in 8 years.

Allen West 2012

[bootylicification]

Clinton didn't leave a $5.6 Trillion surplus but a $1.4 trillion debt over eight years. He borrowed from Social Security, part of a $115 Trillion unfunded liability, to make it seem he left a surplus. See my about me for links. The Debt Clock should be adjusted increasing the national debt from $14.0 to $21 Trillion and reducing our unfunded liabilities by $7 Trillion to reflect the truth about Clinton.

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Allen West 2012

[fatbear711]

What has Obama done to cut the deficit? Nothing. One star for you.

[strata1972]

There is no such thing as a budget surplus.

The government has been borrowing money for decades.

The currrent money system is to blame.

But in the mean time, I guess America will take a backseat to the great asian countries and we will get a taste of the third world conditions here at home.

Remember nobody bitch because it's whining. just sit back and take it.

[romeoneverdies]

vote ron paul ... better govt ... better finances....

[maskedphrogg]

Lawful Money

The Constitution explicitly places management of currency upon the Congress.

Displace the unaccountable Federal Reserve and return currency management to the Congress where it lawfully belongs.

[GDR352]

While we've been afraid of bin Laden's next attack our president has been financially raping the taxpayers for the benefit of his corporate chronies. Example: Hundreds of billions of BORROWED dollars have been paid to companies like Haliburton for the so-called "rebuilding" of Iraq's infrastructure. If you're a taxpayer, ask yourself this: Have you gotten a single accounting or progress report yet about what that money has paid for? Yup, neither have I. But Bush's pals are getting rich, right?

[highway234]

this latest budget is basically a terrorist attack on the US economy. notice how this video is just a few months old and things have gotten so much worse... she talks about a 250 billion dollar deficit but this next deficit is gonna be upwards of 500 or even 600 billion, depending who you ask. i think it's the bush administration's stuffing their briefcases with cash before they leave office.

anyway, good video, smart and observant. keep it up!

[duffmon1]

Great job Heather; you nailed it head on.

Thanks for standing up to be heard.

[givebirthathome]

With our media not working, our legislatures are corrupt. With corrupt legislatures, all our "solutions" whether to terrorism, mortgage crises or health, always are more in the interest of transferring wealth to the rich rather than the welfare of the people and the actual goals.

[JumbobagBodyGuard]

update on that us debt from china, now reached more then 1.5 trillion dollars

[nibelungensohn]

Sometimes I think that the whole US economy is run like Enron.

[Schlig1111]

truer every day.

[jonahansen]

Excellent analysis. And proven correct at this point!

[photofu]

where did all the money go?...damn them...

[chinesecherry]

Very informative video, well done!

[jamesmorgandavies]

Thanks for this - it's definitely an organized hit. Crashes allow for very cheap investing. The phrase "disaster capitalism" says it all. Florida's real estate market is already imploding, the first ripple. If OPEC moves to Euros - or China dumps its dollars - it'll become a tsunami.

[assive2007]

Thanks for the education. I've watched so much about USA that i couldn't care less anymore. Obviously the Americans keep forgetting they are the ones with the power & they can defeat all these rich criminals if they all come together & fight them... They just keep forgetting. It's your country so good luck with sitting back & watching tv + youtube all day.

[1b2a3b4y]

2012 wait and watch,because you cant do anything!

[SinbadGallucci]

when the mayans said the world would end? lol

[ejdee]

Great video, I wonder how much damage one more year of GWB can do?

[Magnulus76]

Republican economic policies in general have gutted the economic fundamentals. The US standard of living has fallen so much, that so many Americans are "sub-prime" borrowers. This prestadigitation took decades to engineer, invested in by rightwing think tanks and academicians.

[unknownunknowns]

What are refering to when you say the "US standard of living has fallen"?

[unknownunknowns]

I wouldn't blame Republicans in general. Alan Greenspan could have made stricter rules for the lenders so they would make that borowers can pay for it. Third, the lenders were just too greedy. Third and most importantly, it's the idiotic BMW driving, eating out, mansion owning borrowers who are to blame.

[hemanyoyoking]

I agree with you, but FED said that they will do "ANYTHING" to substain the market.Even Bush is stepping up to boost up American stocks. Besides 911 is a disaster, not a market crash.

[the12speaker]

You are on the right track. Just wait until you come to the "why" at the end of the trail. This whole thing has nothing to do with sub prime mortgages. The crash happened in 2000 and the banks have been force feeding us credit to keep up with the normal life style that we used to be able to afford. 2012 campaign slogan "6 to a car 20 to a house" Get ready!

[LouiseS333]

Really interesting perspective.