Tuesday, February 17, 2009


The first three parts of the Bush-Obama Spending Frenzy were on President Bush’s watch.

The $180 billion stimulus program in the spring of 2008 failed.

The $345 billion housing bailout from the summer of 2008 failed.

And the $700 billion Wall Street bailout from the fall of 2008 failed.

All told, just last year, Washington wagered $1.2 trillion in spending and lost. And like a problem gambler, Washington isn’t walking away from the casino, it’s doubling down.

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