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| Ex-president Carter slams Bush on market crisis |
| 2008-10-10 |
| 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. Eight years ago, the United States had a budget surplus, low inflation and a stable, strong economy, he said. Carter said he was astonished that the United States now owed China "in the neighborhood of $1 trillion." Deregulation and what he called a withdrawal of supervision of Wall Street had encouraged irresponsible elements in the U.S. financial system, enabling banks to borrow 30 times their value. Carter was on his way back from a private peace mission to Cyprus with fellow elder statesmen Lakhdar Brahimi of Algeria and Archbishop Desmond Tutu of South Africa, intended to give a push to talks between the Greek Cypriot and Turkish Cypriot leaders on a settlement to reunite the divided island. |
| Posted by:tipper |
| #12 Don't forget that Mr. Terrorist loving Carter is responsible for a lot of the nation's woes. It was him, and his limp dick response to an overt ACT OF WAR on the part of Iran during the taking of our embassy which sowed the seeds of Al-Q and Dinnerjacket and 9/11. He's also a Racist of the first order. We are still trying to recover from Carter's presidency. And Barak OBAMA is just like him -- right down to the liar's smile. |
| Posted by: CrazyFool 2008-10-10 23:23 |
| #11 The scream of the Rabbit is heard in the land. |
| Posted by: Tiny Javique2919 2008-10-10 23:19 |
| #10 I'd add more but it seems like you've already covered the topic adequately. |
| Posted by: Jolutch Mussolini7800 2008-10-10 23:11 |
| #9 I can't understand why anyone would even WANT to listen to jimmie-the-peanut-brain. He nearly destroyed the US government, had a HUGE hand in destroying a third of our military, and caused more pain and sorrow than any other president in history. And peanut-brain has the audacity to blame BUSH for what started on Carter's watch, and under his direction? Someone needs to lock this idiot inside a detention cell at a mental hospital somewhere - he's demented. |
| Posted by: Old Patriot 2008-10-10 22:20 |
| #8 FOAD, you demented old asshole. >:-( |
| Posted by: Barbara Skolaut 2008-10-10 19:13 |
| #7 "Profligate spending," massive borrowing and dramatic tax cuts -- seems like most of that was approved by Congress. Of course it wouldn't have been necessary if Carter had kicked butt in Iran instead of initiating mortgages to the uncreditworthy. |
| Posted by: Darrell 2008-10-10 14:53 |
| #6 Guess he just can't keep his BIG MOUTH SHUT!!!!! |
| Posted by: Phoper McCoy6058 2008-10-10 14:00 |
| #5 http://i2.photobucket.com/albums/y25/mluphoup/story.jpg Mean old coot. |
| Posted by: Anonymoose 2008-10-10 14:00 |
| #4 84, huh? Hopefully, we won't have to hear his opinions on anything for much longer. And I still claim the Piss on Jimmy Carter's Grave franchise. |
| Posted by: tu3031 2008-10-10 13:19 |
| #3 Can't we find a peace conference on Rigel 7 to send this a$$hat to? |
| Posted by: Uncle Phester 2008-10-10 13:07 |
| #2 The gall! |
| Posted by: Parabellum 2008-10-10 12:52 |
| #1 Who? Mr. Malaise himself who captain the ship into double digit inflation and double digit unemployment? How's that sweater thing doing? And you missed that little part about floating paper at Fannie Mae et al for the greater dogma of socialism there Jimmmy. |
| Posted by: Procopius2k 2008-10-10 12:46 |