HAHAHAHAHAHAHHAAHAH. Pot. Kettle Blac. HAHAHAHAHAHAHAHAHAH
Former President Jimmy Carter said on Friday the “atrocious economic policies” of the Bush administration had caused the worst global financial crisis since the Great Depression of the 1930s.
Carter told reporters on a stopover in Brussels that “profligate spending,” massive borrowing and dramatic tax cuts since President George W. Bush took office in 2001 were behind the market turmoil and economic crisis.
“I think it’s because of the atrocious economic policies of the Bush administration,” said the 84-year-old Democrat, who served in the White House from 1977-1981 during a period of high inflation and energy crisis.
Whoever wins next month’s U.S. presidential election would inherit economic problems that would force them to postpone implementing some of their proposed reforms, he said.
“The economic situation is an entrenched problem. It is going to take years to correct what has been done economically,” Carter said, adding he hoped Democrat Barrack Obama would win and immediately improve Washington’s image in the world.
Let’s not forget that the Peanut Farmer, whatever his virtues as a good human being may be, was kicked out of the White House on the basis of the economy. Under Carter, unemployment went over 10 percent and there were double digit inflation rates, double digit interest rates and double digit unemployment. Let’s also not forget who passed the community reinvestment act, the legislation responsible for this disaster.
Carter calling out Bush is like a me telling a guy who placed third in a marathon that he is not a fast enough runner.