President Obama is hoping Americans won’t have “selective memory” and blame him for problems he inherited from Bush. Unfortunately they do, as this poll illustrates:
Only about a third of Americans (34%) know that the government’s bailout of banks and financial institutions was enacted under the Bush administration. Nearly half (47%) incorrectly say that the Troubled Asset Relief Program – widely known as TARP – was signed into law by President Obama.
And you can bet that the bailout misinformation percentage is a lot higher for the virulently anti-bailout crowd. It sure would be nice if they knew the truth about the bailout:
For the record, the financial industry bailout passed in October 2008. It was requested by a conservative Republican administration (George W. Bush and Dick Cheney). It was enthusiastically endorsed by the House Republican leadership (John Boehner, Eric Cantor, and Roy Blunt), the Senate Republican leadership (Mitch McConnell and Jon Kyl), both members of the Republican presidential ticket (John McCain and Sarah Palin), and assorted, high-profile conservative voices (Mitt Romney and Glenn Beck).
That leads me to my latest limerick:
Selective Memories Bail Out Bush
By Madeleine Begun Kane
Disliking Obama is fine,
But please be correct when you whine.
Don’t like bailouts of banks?
It’s to Bush you owe “thanks.”
Was it signed by Obama? No! Nein!
Tax Cut Tomfoolery
Saturday, September 18th, 2010Steve Benen reminds us of a forgotten detail: Bush’s tax policy was a failure. And that’s a handy thing to remember in the battle over the soon-to-expire tax cuts.
While we’re busily recalling important facts, here’s another: These tax cuts were set to end automatically by the very Republicans who are now complaining about their expiration.
And now, my latest three-verse limerick:
Tax Cut Tomfoolery
By Madeleine Begun Kane
Bush’s tax cuts are due to expire.
Their effects were quite bad — even dire.
The deficit climbed,
The economy slimed.
So why are the Dems under fire?
These cuts were a GOP plan
By the millionaire’s tax-cutting clan.
They promised a boost,
But the tax cuts produced
A big mess. Why should Dems be a fan?
Yet Republicans push and cajole —
More cuts for the rich is their goal.
They make stale, hollow claims
To bolster their aims —
No remorse for the good times they stole.
Tags: Deficit Hawks, Economy Satire, Fiscal Crisis, George Bush Satire, Republicans Humor, Steve Benen, Tax Cuts, Tax Policy
Posted in Economy Humor, Fiscal Policy, GOP Humor, Money & Finance Humor, Political Commentary, Political Limericks, Political Verse, Politics Satire, Republicans Humor, Tax & Budget Humor | 2 Comments »