There has been so much horrific financial news lately. Hundreds of thousands of Americans have lost their jobs this year, pension plans have lost approximately $2,000,000,000,000.00 of their net worth, the Dow is in the toilet, the banking system is a mess, you get the picture. A lot of people are blaming George Bush for this and I for one, want to cut the guy some slack.
I mean, come on, how could he have known that pushing for more deregulation would have allowed so much greed to destroy the system? Paying for wars that cost over $12 billion a month wasn't part of his plan when he declared Mission Accomplished nearly 5 1/2 years ago either. Oh yeah and trade agreements that screw American jobs....well, he probably knew that would happen. So with this massive bailout plan that he helped push through Congress, George has actually done something for the group who operates the national debt clock. Due to his fiscal stewardship, they have to order a new clock that can handle all the new digits in the number.
From Think Progress:
The National Debt Clock in New York’s Times Square — first erected in 1989 when the debt was less than $3 trillion — cannot keep pace with the growing national debt, now at more than $10 trillion. NBC’s Brian Williams reported last night that “the debt has been piling up so fast lately they had to drop the dollar sign to make room for an extra digit.” A new clock with two extra digits will go up next year.So there you have it, a little more productivity right here at home, just a few miles away from where the financial district is falling apart. Thanks Mr. President!
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