jlf1961 -> RE: Who's to blame? (6/30/2010 1:58:52 PM)
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Anyone that watched the news knows that dubya's claims of "Iraqi WMD's" was false, Iraqi support of Al Qaeda was false, and Iraqi support of other terrorist organizations was also false. Go to fact check. org and learn for yourself. There is also the point that it was a Bush administration report that stated that deepwater offshore drilling had no risk, Bush was the president that authorized deepwater drilling after ending the Presidential Moratorium on offshore drilling. Finally there is http://www.nytimes.com/2008/09/20/business/worldbusiness/20iht-prexy.4.16321064.html?_r=1 quote:
These experts, from both political parties, say Bush's early personnel choices and overarching antipathy toward regulation created a climate that, if it did not trigger the turmoil, almost certainly aggravated it. The president's first two Treasury secretaries, for instance, lacked the kind of Wall Street expertise that might have helped them raise red flags about the use of complex financial instruments at the heart of the crisis.To his credit, Bush accurately foresaw the danger posed by Freddie Mac and Fannie Mae, and began calling as early as 2002 for greater regulation of the mortgage giants. But experts say the administration could have done even more to curb excesses in the housing market, and much more to police Wall Street, which transmitted those problems around the world.
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