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GET YOUR POPCORN READY FOLKS
Dec 14, 2007 | 8:45 PM PST
Category:
Political
To putonyourbigpants: YOu threw out the first spams you moronic midget!!! But guess what Im gonna finish this with you!!!! FROM NOW ON I WILL SPAM EVERY SINGLE BLOG THAT YOU THROW OUT HERE!! SO GET READY TO HAVE OVER 500 entries in each blog you mental midget!!! You want a blog war you got one you sad excuse for a human being..Get ready you jerk !! You WILL be spammed !! PERIOD!!! No ands buts or its about it!! Get ready you fool!!!
How many members of the Bush administration does it take to change a light bulb?
1. One to deny that a light bulb needs to be changed;
2. One to attack the patriotism of anyone who says the light bulb needs to be changed;
3. One to blame Clinton for burning out the light bulb;
4. One to arrange the invasion of a country rumored to have a secret stockpile of light bulbs;
5. One to give a billion dollar no-bid contract to Halliburton for the new light bulb;
6. One to arrange a photograph of Bush, dressed as a janitor, standing on a step ladder under the banner: Light Bulb Change Accomplished;
7. One administration insider to resign and write a book documenting in detail how Bush was literally in the dark;
8. One to viciously smear #7;
9. One surrogate to campaign on TV and at rallies on how George Bush has had a strong light-bulb-changing policy all along;
10. And finally one to confuse Americans about the difference between screwing a light bulb and screwing the country.
LOL>>I thought this was funny..and describes the BUSh administration to a TEE!!!
I ask Congress to impeach President Bush and Vice President Cheney for the following reasons:
1) The Offense of Lying and Inducing America to Support a War
President Bush and Vice President Cheney intentionally misled the Congress and the American people regarding the threat from Iraq in order to justify a war against Iraq, and intentionally conspired with others to defraud the United States in connection with the war against Iraq in violation of Title 18 United States Code, Section 371.
2) The Offense of Reckless Indifference to the Lives and Welfare of American Troops
President Bush and Vice President Cheney failed to provide US soldiers with bulletproof vests or appropriately-armored vehicles and had no serious plan for the aftermath of the war, thus demonstrating a complete disregard for the welfare of the troops and the need for proper governance of a country after occupation. The result has been a never-ending war that will cost U.S. taxpayers over $1 trillion with over 3,000 U.S. soldiers killed and over 21,000 wounded.
3) The Offense of Torture in Violation of U.S. Laws and Treaties
President Bush and Vice President Cheney conspired to commit the torture of prisoners in violation of the "Federal Torture Act," Title 18 United States Code, Section 113C, the UN Torture Convention and the Geneva Convention.
4) The Offense of Wiretapping Surveillance in Defiance of the Law
President Bush and Vice President Cheney admitted to ordering the National Security Agency to conduct electronic surveillance of American civilians without seeking warrants from the Foreign Intelligence Surveillance Court of Review, duly constituted by Congress in 1978, in violation of Title 50 United States Code, Section 1805.
50. "I promise you I will listen to what has been said here, even though I wasn't here." -at the President's Economic Forum in Waco, Texas, Aug. 13, 2002
49. "We spent a lot of time talking about Africa, as we should. Africa is a nation that suffers from incredible disease." -Gothenburg, Sweden, June 14, 2001
48. "You teach a child to read, and he or her will be able to pass a literacy test." -Townsend, Tenn., Feb. 21, 2001
47. "I am here to make an announcement that this Thursday, ticket counters and airplanes will fly out of Ronald Reagan Airport." --Washington, D.C., Oct. 3, 2001
46. "Tribal sovereignty means that; it's sovereign. I mean, you're a -- you've been given sovereignty, and you're viewed as a sovereign entity. And therefore the relationship between the federal government and tribes is one between sovereign entities." --Washington, D.C., Aug. 6, 2004
45. "I couldn't imagine somebody like Osama bin Laden understanding the joy of Hanukkah." --at a White House menorah lighting ceremony, Washington, D.C
44. "You know, one of the hardest parts of my job is to connect Iraq to the war on terror." --interview with CBS News' Katie Couric, Sept. 6, 2006
43. "The same folks that are bombing innocent people in Iraq were the ones who attacked us in America on September the 11th." --Washington, D.C., July 12, 2007
42. "I'm the commander -- see, I don't need to explain -- I do not need to explain why I say things. That's the interesting thing about being president." --as quoted in Bob Woodward's Bush at War
41. "BLEEP Saddam. We're taking him out." --to three U.S. senators in March 2002, one year before the Iraq invasion, as quoted by Time magazine
40. "Oh, no, we're not going to have any casualties." --discussing the Iraq war with Christian Coalition founder Pat Robertson in 2003, as quoted by Robertson
39. "I will not withdraw, even if Laura and Barney are the only ones supporting me." --talking to key Republicans about Iraq, as quoted by Bob Woodward
38. "I hear there's rumors on the Internets that we're going to have a draft
37. "I know how hard it is for you to put food on your family." --Greater Nashua, N.H., Chamber of Commerce, Jan. 27, 2000
36. "Do you have blacks, too?" --to Brazilian President Fernando Cardoso, Washington, D.C., Nov. 8, 2001
35. "This foreign policy stuff is a little frustrating." --as quoted by the New York Daily News, April 23, 2002
34. "My plan reduces the national debt, and fast. So fast, in fact, that economists worry that we're going to run out of debt to retire." --radio address, Feb. 24, 2001
33. "I don't think anybody anticipated the breach of the levees." --on "Good Morning America," Sept. 1, 2005, six days after repeated warnings from experts about the scope of damage expected from Hurricane Katrina
32. "I know the human being and fish can coexist peacefully." --Saginaw, Mich., Sept. 29, 2000
31. "I would say the best moment of all was when I caught a 7.5 pound largemouth bass in my lake." --on his best moment in office, interview with the German newspaper Bild am Sonntag, May 7, 2006
30. "They misunderestimated me." --Bentonville, Ark., Nov. 6, 2000
29. "Because the -- all which is on the table begins to address the big cost drivers. For example, how benefits are calculate, for example, is on the table; whether or not benefits rise based upon wage increases or price increases. There's a series of parts of the formula that are being considered. And when you couple that, those different cost drivers, affecting those -- changing those with personal accounts, the idea is to get what has been promised more likely to be -- or closer delivered to what has been promised. Does that make any sense to you? It's kind of muddled." --explaining his plan to save Social Security, Tampa, Fla., Feb. 4, 2005
28. "For every fatal shooting, there were roughly three non-fatal shootings. And, folks, this is unacceptable in America. It's just unacceptable. And we're going to do something about it." --Philadelphia, Penn., May 14, 2001
27. "This is an impressive crowd -- the haves and the have mores. Some people call you the elite -- I call you my base." --at the 2000 Al Smith dinner
26. "Families is where our nation finds hope, where wings take dream." --LaCrosse, Wis., Oct. 18, 2000
25. "I know what I believe. I will continue to articulate what I believe and what I believe -- I believe what I believe is right." --Rome, Italy, July 22, 2001
24. "See, in my line of work you got to keep repeating things over and over and over again for the truth to sink in, to kind of catapult the propaganda." --Greece, N.Y., May 24, 2005
23. "People say, how can I help on this war against terror? How can I fight evil? You can do so by mentoring a child; by going into a shut-in's house and say I love you." --Washington, D.C., Sept. 19, 2002
22. "I wish you'd have given me this written question ahead of time so I could plan for it...I'm sure something will pop into my head here in the midst of this press conference, with all the pressure of trying to come up with answer, but it hadn't yet...I don't want to sound like I have made no mistakes. I'm confident I have. I just haven't -- you just put me under the spot here, and maybe I'm not as quick on my feet as I should be in coming up with one." --after being asked to name the biggest mistake he had made, Washington, D.C., April 3, 2004
21. "You forgot Poland." --to Sen. John Kerry during the first presidential debate, after Kerry failed to mention Poland's contributions to the Iraq war coalition, Miami, Fla., Sept. 30, 2004
20. "We've got a lot of rebuilding to do. First, we're going to save lives and stabilize the situation. And then we're going to help these communities rebuild. The good news is -- and it's hard for some to see it now -- that out of this chaos is going to come a fantastic Gulf Coast, like it was before. Out of the rubbles of Trent Lott's house -- he's lost his entire house -- there's going to be a fantastic house. And I'm looking forward to sitting on the porch." (Laughter) --touring hurricane damage, Mobile, Ala., Sept. 2, 2005
19. "The British government has learned that Saddam Hussein recently sought significant quantities of uranium from Africa." --State of the Union Address, Jan. 28, 2003, making a claim that administration officials knew at the time to be false
18. "The most important thing is for us to find Osama bin Laden. It is our number one priority and we will not rest until we find him." --Washington, D.C., Sept. 13, 2001
17. "I don't know where bin Laden is. I have no idea and really don't care. It's not that important. It's not our priority." --Washington, D.C., March 13, 2002
16. "Can we win? I don't think you can win it." --after being asked whether the war on terror was winnable, "Today" show interview, Aug. 30, 2004
15. "I just want you to know that, when we talk about war, we're really talking about peace." --Washington, D.C. June 18, 2002
14. "I trust God speaks through me. Without that, I couldn't do my job." --to a group of Amish he met with privately, July 9, 2004
13. "Major combat operations in Iraq have ended. In the battle of Iraq, the United States and our allies have prevailed." --speaking underneath a "Mission Accomplished" banner aboard the USS Abraham Lincoln, May 1, 2003
12. "We found the weapons of mass destruction. We found biological laboratories ... And we'll find more weapons as time goes on. But for those who say we haven't found the banned manufacturing devices or banned weapons, they're wrong, we found them." --Washington, D.C., May 30, 2003
11. "Those weapons of mass destruction have got to be somewhere!" --joking about his administration's failure to find WMDs in Iraq as he narrated a comic slideshow during the Radio & TV Correspondents' Association dinner, Washington, D.C., March 24, 2004
10. "Rarely is the questioned asked: Is our children learning?" --Florence, South Carolina, Jan. 11, 2000
9. "As yesterday's positive report card shows, childrens do learn when standards are high and results are measured." --on the No Child Left Behind Act, Washington, D.C., Sept. 26, 2007
8. "If this were a dictatorship, it'd be a heck of a lot easier, just so long as I'm the dictator." --Washington, D.C., Dec. 19, 2000
7. "I'm the decider, and I decide what is best. And what's best is for Don Rumsfeld to remain as the Secretary of Defense." --Washington, D.C. April 18, 2006
5. "Too many good docs are getting out of the business. Too many OB-GYNs aren't able to practice their love with women all across this country." --Poplar Bluff, Mo., Sept. 6, 2004
4. "Our enemies are innovative and resourceful, and so are we. They never stop thinking about new ways to harm our country and our people, and neither do we." --Washington, D.C., Aug. 5, 2004
3. "You work three jobs? ... Uniquely American, isn't it? I mean, that is fantastic that you're doing that." --to a divorced mother of three, Omaha, Nebraska, Feb. 4, 2005
2. "Brownie, you're doing a heck of a job." --to FEMA director Michael Brown, who resigned 10 days later amid criticism over his handling of the Hurricane Katrina debacle, Mobile, Ala., Sept. 2, 2005
1. "My answer is bring them on." --on Iraqi insurgents attacking U.S. forces, Washington, D.C., July 3, 2003
And this is OUR president ? Does anyone else see a pattern of stupidity? A lack of eduacation? a lack of just basic knowledge of the English language?
WASHINGTON (CNN) -- While presidential hopeful Mike Huckabee is surging in new polls of GOP candidates, a CNN/Opinion Research Corp. poll released Tuesday shows he would lose to all three leading Democratic candidates by double digits in hypothetical contests.
In head-to-head matchups -- the first to include Huckabee -- the former Arkansas governor loses to Sen. Hillary Clinton of New York by 10 percentage points (54 percent to 44 percent), to Sen. Barack Obama of Illinois by 15 points (55 percent to 40 percent) and to former Sen. John Edwards of North Carolina by 25 points (60 percent to 35 percent).
The poll comes on the heels of a CNN/Opinion Research poll released Monday that showed Huckabee doubled his support nationally among likely Republican voters in the last month and is in a statistical dead heat with former New York Mayor Rudy Giuliani
The poll also shows that Republican Sen. John McCain of Arizona would do best against leading Democrats. He beats Clinton by 2 percentage points (50 percent to 48 percent), ties Obama (48 percent to 48 percent) and loses to Edwards by a smaller margin (8 points) than the other Republican candidates do.
In addition to Huckabee, Giuliani and former Massachusetts Gov. Mitt Romney lose to all three top
On the Democratic side, Edwards performs best against each of the leading Republicans. In addition to beating Huckabee by 25 percent and McCain by 8 percent, the North Carolina Democrat beats Romney by 22 percentage points (59 percent to 37 percent) and Giuliani by 9 percentage points (53 percent to 44 percent).
While the survey shows McCain and Edwards performing best in their respective fields, both candidates continue to significantly trail their parties' front-runners significantly. In the national horse race numbers released Monday, McCain trails Giuliani by 11 percentage points, and Edwards is behind Clinton by 26 percentage points.
"Edwards is the only Democrat who beats all four Republicans, and McCain is the only Republican who beats any of the three Democrats," Holland said. "Some might argue this shows that they are the most electable candidates in their respective parties.
So the good news is the republicans wil more than likely lose in November... doesnt matter who they put in. McCain is the biggest wild card..you dont know which McCain will show up.. The cool calm McCain or the pissed off McCain... But either way Im very confident that the Democrats will WIN in Nov. and WIN BIG!!! Good Bye Republicans dont let the door hit ya where the good lord split ya..LOL
WASHINGTON — Efforts to pass a massive compromise federal spending bill collapsed Monday as a top House Democrat abandoned the measure, accusing the White House and congressional Republicans of failing to bargain in good faith.
House Appropriations Committee Chairman David Obey, D-Wis., had been working with moderate Republicans to try to generate momentum for a catchall spending bill that split the differences between increases sought by Democrats and the strict budget submitted by President Bush in February.
But after a White House veto threat over the weekend, a frustrated Obey said he would rip up the compromise bill and devise a new one using the strict spending ceiling set by Bush — but would reach it by whacking GOP priorities and stripping the measure of billions of dollars in pet projects for lawmakers in both parties.
Obey's move came on the day he had been expected to unveil the bill, with a vote planned for Tuesday. The Senate had been anticipated to take up the bill later in the week, add funding for Iraq and make some final trims to Democrats' spending plans.
White House budget director Jim Nussle said Saturday that Bush would veto the omnibus spending bill sight unseen for exceeding Bush's budget by $18 billion.
"It is extraordinary that the President would request an 11 percent increase for the Department of Defense, a 12 percent increase for foreign aid, and $195 billion of emergency funding for the war, while asserting that a 4.7 percent increase for domestic programs is fiscally irresponsible," said Senate Appropriations Committee Chairman Robert Byrd, D-W.Va.
Nussle had accused Democrats of "trying to leverage troop-funding for more pork-barrel spending," but Obey said the opposite is true — that the White House was willing to relent just slightly on domestic spending in order to obtain up to $70 billion for the wars in Iraq and Afghanistan.
"I don't see any purpose in stringing things out for table scraps," Obey said, threatening to cut off negotiations and produce a bill — at Bush's strict budget number — without any GOP help.
"Short of having somebody in authority sit down and say, 'OK, we will work out a reasonable compromise,' I don't see any point in prolonging the agony," Obey said. "I don't see how we have any choice but to go to the president's numbers on appropriations to make clear that we aren't going to link the war with token funding on the domestic side."
Obey's sentiments weren't universally shared among Democrats. Senate Appropriations Chairman Byrd still hoped to work out an agreement, and Senate Majority Leader Harry Reid, D-Nev., met Monday afternoon with GOP counterpart Mitch McConnell of Kentucky in hopes of putting the omnibus measure back on track.
The omnibus plan had been under discussion for more than three weeks and would have represented the best hope for avoiding a budget train wreck like the stalemate last year under GOP rule.
The measure under development would roll together 11 unfinished spending bills funding every domestic Cabinet agency, as well as a foreign aid budget that's trimmed back from Bush's request.
The bill contained about $30 billion for U.S. efforts in Afghanistan, but Democratic leaders anticipate that Senate Republicans would have added to the measure up to $40 billion more for military operations in Iraq.
"They keep raising the ante," Obey said. "Now they're up to $70 billion (for Iraq and Afghanistan). I don't want to be part of any deal like that."
Obey's comments appeared aimed in part at encouraging the sizable bloc of pragmatic Republicans supporting the split-the-differences bill to press GOP leaders to make concessions or risk losing funding for favored programs and hometown projects.
The infusion of war funds was expected to siphon off votes from anti-war Democrats, making it extremely difficult to assembled a hoped for veto-proof coalition of Democrats and GOP moderates for the bill.
On Monday, MoveOn.org, a leading liberal advocacy group, called on lawmakers to oppose any war funding measure that does not include a timetable for withdrawing troops.
The bill under development includes almost $11 billion above Bush's overall figure for the one-third of the U.S. budget appropriated each year by Congress, as well as $7.4 billion in emergency spending for pressing needs like border security and State Department operations in Iraq.
Most of the emergency money was either requested by the White House or receives strongest backing from Republicans. Even items not officially requested by the White House budget office were requested by agency chiefs, Obey said.
"Most of that emergency spending is theirs," Obey said.
Of the $11 billion increase Democrats sought for other programs, much of the money would have gone to reverse budget cuts sought by Bush to programs such as grants to state and local governments for law enforcement, community development, and water and sewer projects.
The bill also would have provided small increases for health research, education and community health centers, among other programs. Homeland security grants to state and local police and firefighters would have received a $726 million boost, some 20 percent.
LAW ENFORCEMENT: I was arrested in Kennebunkport, Maine in 1976 for driving under the influence of alcohol. I pled guilty, paid a fine, and had my driver's license suspended for 30 days. My Texas driving record has been "lost" and is not available.
MILITARY: I joined the Texas Air National Guard and went AWOL. I refused to take a drug test or answer any questions about my drug use. By joining the Texas Air National Guard, I was able to avoid combat duty in Vietnam.
COLLEGE: I graduated from Yale University. I earned a lot of "gentleman's C's," which means F's that are turned into C's for sons of prominent Americans
PAST WORK EXPERIENCE: I ran for U.S. Congress and lost. I began my career in the oil business in Midland, Texas in 1975. I bought an oil company, but couldn't find any oil in Texas. The company went bankrupt shortly after I sold all my stock.
I bought the Texas Rangers baseball team in a sweetheart deal that took land using taxpayer money.
With the help of my father and our right-wing friends in the oil industry (including Enron CEO Kenneth Lay), I was elected Governor of Texas.
ACCOMPLISHMENTS AS GOVERNOR:
I changed Texas pollution laws to favor power and oil companies, making Texas the most polluted state in the Union. During my tenure, Houston replaced Los Angeles as the most smog-ridden city in America.
I cut taxes and bankrupted the Texas treasury to the tune of billions in borrowed money.
I set the record for the most executions by any Governor in American history.
With the help of my brother, the Governor of Florida, and my father's appointments to the Supreme court, I became President after losing by over 500,000 votes.
ACCOMPLISHMENTS AS PRESIDENT:
I invaded and occupied two countries at a continuing cost of over one billion dollars per week.
I am the first president in U.S. history to enter office with a criminal record.
I spent the U.S. surplus and effectively bankrupted the U.S. Treasury.
I shattered the record for the largest annual deficit in U.S. history.
I set an economic record for most private bankruptcies filed in any 12-month period.
I set the all-time record for the biggest drop in the history of the U.S. stock market.
I set the all-time record for most days on vacation in any one year period. In my first year in office, after taking off the entire month of August, I presided over the worst security failure in U.S. history, resulting in the disaster of 9-11.
I am supporting development of a nuclear "Tactical Bunker Buster," a WMD. In my State Of The Union Address, I lied about our reasons for attacking Iraq, then blamed the lies on our British friends.
I set the record for most campaign fund-raising trips by a U.S. president.
In my first year in office more than 2-million Americans lost their jobs, and that trend continues every month.
I set the all-time record for most foreclosures in a 12-month period.
I appointed more convicted criminals to my administration than any president in U.S. history.
I set the record for the least amount of press conferences than any president since the advent of television.
I presided over the biggest energy crisis in U.S. history, and refused to intervene when corruption involving the oil industry was revealed.
I presided over the highest gasoline prices in U.S. history.
I have cut health care benefits for war veterans, and I support a cut in duty benefits for active duty troops and their families in war time.
Internationally, I have set the all-time record for the most people worldwide to simultaneously protest me in public venues (15 million people), shattering the record for protests against any person in the history of mankind.
I have broken more international treaties than any president in U.S history.
I am proud that the members of my cabinet are the richest of any administration in U.S. history. My "poorest millionaire," Condoleeza Rice, has a Chevron oil tanker named after her.
I am the first president in U.S. history to order an unprovoked, pre-emptive attack and the military occupation of a sovereign nation. I did so against the will of the United Nations, the majority of U.S. citizens, and the world community.
I created the Ministry of Homeland Security, the largest bureaucracy in the history of the United States government.
I am the first president in U.S. history to have the United Nations remove the U.S. from the Human Rights Commission.
I withdrew the U.S. from the World Court of Law. I refused to allow inspectors access to U.S. prisoners of war detainees, and thereby have refused to abide by the Geneva Convention.
I am the first president in history to refuse United Nations election inspectors. (during the 2000 U.S. presidential election).
I am the all-time U.S. and world record-holder for receiving the most corporate campaign donations.
My largest lifetime campaign contributor, and one of my best friends, Kenneth Lay, presided over the largest corporate bankruptcy fraud in U.S. history, causing hundreds of thousands of Americans to lose their retirement funds. My political party used the Enron private jets and corporate attorneys to assure my success with the U.S. Supreme Court during my election decision.
I have protected my friends at Enron and Halliburton against investigation, or prosecution. In the meantime, more time and money was spent investigating the Monica Lewinsky affair than has been spent investigating one of the biggest corporate rip-offs in history.
I garnered the most sympathy for the U.S. after the World Trade Center attacks and less than a year later made the U.S. the most hated country in the world, the largest failure of diplomacy in world history.
I am first president in history to have a majority of Europeans (71%) view my presidency as the biggest threat to world peace and security.
I changed U.S. policy to allow convicted criminals to be awarded government contracts
So this is the kind of man tha tis the leader of the free world..Oh my god thank god we dont have to put up with this mockery too much longer..What a crook!!
The White House made a stunning admission Wednesday that appeared to suggest President Bush has directly contradicted himself about when he learned U.S. intelligence that Iran had halted its nuclear weapons program.
During a press conference on Tuesday, the President told reporters that he was briefed that there was new intelligence information about Iran, but nothing specific.
"I was made aware of the NIE last week," Bush said Tuesday. "In August, I think it was [Director of National Intelligence] Mike McConnell came in and said, we have some new information. He didn't tell me what the information was; he did tell me it was going to take a while to analyze."
However today the White House is saying the President was told much more.
After taking a reporters' question earlier today about exactly what the President was told, White House press secretary Dana Perino provided a response to reporters Wednesday night.
Perino stated Bush had been told in August that Iran suspended it's covert nuclear weapons program.
"In August, DNI Director McConnell advised President Bush that the intelligence community would not be able to meet a congressionally imposed deadline requiring a National Intelligence Estimate on Iran because new information had been obtained just as they were about to finalize the report," Perino wrote in an emailed response.
"He said that if the new information turns out to be true, what we thought we knew for sure is right. Iran does in fact have a covert nuclear weapons program, but it may be suspended," Perino's email said.
Perino also said McConnell told the President the new information might cause the intelligence community to change its assessment of Iran's covert nuclear program.
The latest National Intelligence Estimate -- declassified excerpts of which were released on Monday -- found that Iran actually shelved it's nuclear weapons program in 2003.
Despite the fact that Bush was told in August that U.S. intelligence agencies believed Iran's nuclear weapons program had been halted, the Bush administration continued to raise the rhetoric against Iran, calling for a third round of United Nations sanctions.
The President even warned publicly in October about a World War III if Iran didn't cease their weapons program.
"I've told people that if you're interested in avoiding World War III, it seems like you ought to be interested in preventing them (Iran) from having the knowledge necessary to make a nuclear weapon," Bush said in OcT.
So again we find out that George W is nothing but a liar.. war mongering fool that will stop at NOTHING to start another WAR!!!..But thats nothing new..We are already fighting wars on 2 fronts..I guess to George whats one more front... Those stupid americans will listen to anything I say....LOL
WASHINGTON (AP) — Like a ticking time bomb, the national debt is an explosion waiting to happen. It's expanding by about $1.4 billion a day — or nearly $1 million a minute.
What's that mean to you?
It means almost $30,000 in debt for each man, woman, child and infant in the United States.
Even if you've escaped the recent housing and credit crunches and are coping with rising fuel prices, you may still be headed for economic misery, along with the rest of the country. That's because the government is fast straining resources needed to meet interest payments on the national debt, which stands at a mind-numbing $9.13 trillion.
And like homeowners who took out adjustable-rate mortgages, the government faces the prospect of seeing this debt — now at relatively low interest rates — rolling over to higher rates, multiplying the financial pain.
So long as somebody is willing to keep loaning the U.S. government money, the debt is largely out of sight, out of mind.
But the interest payments keep compounding, and could in time squeeze out most other government spending — leading to sharply higher taxes or a cut in basic services like Social Security and other government benefit programs. Or all of the above.
A major economic slowdown, as some economists suggest may be looming, could hasten the day of reckoning.
The national debt — the total accumulation of annual budget deficits — is up from $5.7 trillion when President Bush took office in January 2001 and it will top $10 trillion sometime right before or right after he leaves in January 2009.
That's $10,000,000,000,000.00, or one digit more than an odometer-style "national debt clock" near New York's Times Square can handle. When the privately owned automated clock was activated in 1989, the national debt was $2.7 trillion.
It only gets worse.
Over the next 25 years, the number of Americans aged 65 and up is expected to almost double. The work population will shrink and more and more baby boomers will be drawing Social Security and Medicare benefits, putting new demands on the government's resources.
These guaranteed retirement and health benefit programs now make up the largest component of federal spending. Defense is next. And moving up fast in third place is interest on the national debt, which totaled $430 billion last year.
Aggravating the debt picture: the wars in Iraq and Afghanistan, which the non-partisan Congressional Budget Office estimates could cost $2.4 trillion over the next decade
Despite vows in both parties to restrain federal spending, the national debt as a percentage of the U.S. Gross Domestic Product has grown from about 35% in 1975 to around 65% today. By historical standards, it's not proportionately as high as during World War II — when it briefly rose to 120% of GDP, but it's a big chunk of liability.
"The problem is going forward," said David Wyss, chief economist at Standard and Poors, a major credit-rating agency.
"Our estimate is that the national debt will hit 350% of the GDP by 2050 under unchanged policy. Something has to change, because if you look at what's going to happen to expenditures for entitlement programs after us baby boomers start to retire, at the current tax rates, it doesn't work," Wyss said.
With national elections approaching, candidates of both parties are talking about fiscal discipline and reducing the deficit and accusing the other of irresponsible spending. But the national debt itself — a legacy of overspending dating back to the American Revolution — receives only occasional mention.
Who is loaning Washington all this money?
Ordinary investors who buy Treasury bills, notes and U.S. savings bonds, for one. Also it is banks, pension funds, mutual fund companies and state, local and increasingly foreign governments. This accounts for about $5.1 trillion of the total and is called the "publicly held" debt. The remaining $4 trillion is owed to Social Security and other government accounts, according to the Treasury Department, which keeps figures on the national debt down to the penny on its website.
Some economists liken the government's plight to consumers who spent like there was no tomorrow — only to find themselves maxed out on credit cards and having a hard time keeping up with rising interest payments.
"The government is in the same predicament as the average homeowner who took out an adjustable mortgage," said Stanley Collender, a former congressional budget analyst and now managing director at Qorvis Communications, a business consulting firm.
Much of the recent borrowing has been accomplished through the selling of shorter-term Treasury bills. If these loans roll over to higher rates, interest payments on the national debt could soar. Furthermore, the decline of the dollar against other major currencies is making Treasury securities less attractive to foreigners — even if they remain one of the world's safest investments.
For now, large U.S. trade deficits with much of the rest of the world work in favor of continued foreign investment in Treasuries and dollar-denominated securities. After all, the vast sums Americans pay — in dollars — for imported goods has to go somewhere. But that dynamic could change.
"The first day the Chinese or the Japanese or the Saudis say, 'we've bought enough of your paper,' then the debt — whatever level it is at that point — becomes unmanageable," said Collender.
A recent comment by a Chinese lawmaker suggesting the country should buy more euros instead of dollars helped send the Dow Jones plunging more than 300 points.
The dollar is down about 35% since the end of 2001 against a basket of major currencies.
Foreign governments and investors now hold some $2.23 trillion — or about 44% — of all publicly held U.S. debt. That's up 9.5% from a year earlier.
Japan is first with $586 billion, followed by China ($400 billion) and Britain ($244 billion). Saudi Arabia and other oil-exporting countries account for $123 billion, according to the Treasury.
"Borrowing hundreds of billions of dollars from China and OPEC puts not only our future economy, but also our national security, at risk. It is critical that we ensure that countries that control our debt do not control our future," said Sen. George Voinovich of Ohio, a Republican budget hawk.
Of all federal budget categories, interest on the national debt is the one the president and Congress have the least control over. Cutting payments would amount to default, something Washington has never done.
Congress must from time to time raise the debt limit — sort of like a credit card maximum — or the government would be unable to borrow any further to keep it operating and to pay additional debt obligations.
The Democratic-led Congress recently did just that, raising the ceiling to $9.82 trillion as the former $8.97 trillion maximum was about to be exceeded. It was the fifth debt-ceiling increase since Bush became president in 2001.
Democrats are blaming the runup in deficit spending on Bush and his Republican allies who controlled Congress for the first six years of his presidency. They criticize him for resisting improvements in health care, education and other vital areas while seeking nearly $200 billion in new Iraq and Afghanistan war spending.
"We pay in interest four times more than we spend on education and four times what it will cost to cover 10 million children with health insurance for five years," said House Speaker Nancy Pelosi, D-Calif. "That's fiscal irresponsibility."
Republicans insist congressional Democrats are the irresponsible ones. Bush has reinforced his call for deficit reduction with vetoes and veto threats and cites a looming "train wreck" if entitlement programs are not reined in.
Yet his efforts two years ago to overhaul Social Security had little support, even among fellow Republicans.
The deficit only reflects the gap between government spending and tax revenues for one year. Not exactly how a family or a business keeps its books.
Even during the four most recent years when there was a budget surplus, 1998-2001, the national debt ranged between $5.5 trillion and $5.8 trillion.
Not long ago, it actually looked like the national debt could be paid off — in full. In the late 1990s, the bipartisan Congressional Budget Office projected a surplus of a $5.6 trillion over ten years — and calculated the debt would be paid off as early as 2006.
Former Fed chairman Alan Greenspan recently wrote that he was "stunned" and even troubled by such a prospect. Among other things, he worried about where the government would park its surplus if Treasury bonds went out of existence because they were no longer needed.
Not to worry. That surplus quickly evaporated.
Mark Zandi, chief economist at Moody's Economy.com, said he's more concerned that interest on the national debt will become unsustainable than he is that foreign countries will dump their dollar holdings — something that would undermine the value of their own vast holdings. "We're going to have to shell out a lot of resources to make those interest payments. There's a very strong argument as to why it's vital that we address our budget issues before they get measurably worse," Zandi said.
"Of course, that's not going to happen until after the next president is in the White House," he added.
I dont know about the rest of you but this scares me even more than the war in Iraq..but as long as we have a president that doesnt care about fiscal responsibility..well i guess we will get what we deserve..so get ready people to bend over and take and SMILE!!
Bush Admin. Would Eliminate Port Security Programs, Local Emergency Management Ops.The Bush administration intends to slash counterterrorism funding for police, firefighters and rescue departments across the country by more than half next year, according to budget documents obtained by The Associated Press. The Homeland Security Department has given $23 billion to states and local communities to fight terrorism since the Sept. 11 attacks, but one document says the administration is not convinced that the money has been well spent and thinks the nation's highest-risk cities have largely satisfied their security needs.
The department wanted to provide $3.2 billion to help states and cities protect against terrorist attacks in 2009, but the White House said it would ask Congress for less than half - $1.4 billion, according to a Nov. 26 document. The plan calls for outright elimination of programs for port security, transit security, and local emergency management operations in the next budget year. This is President Bush's last budget, and the new administration would have to live with the funding decisions between Jan. 20 and Sept. 30, 2009.
The Homeland Security department and the White House Office of Management and Budget, which is in charge of the administration's spending plans, would not provide details about the funding cuts because nothing has been finalized. "It would be premature to speculate on any details that will or will not be a part of the next fiscal year budget," OMB spokesman Sean Kevelighan said, because negotiations between the White House and the Cabinet departments over the budget are not finished.
"There's been staunch support of our department, and you'll see it again this February" when Bush's 2009 budget emerges, Homeland Security spokesman Russ Knocke predicted.
The proposal to drastically cut Homeland Security grants is at odds with some of the administration's own policies. For example, the White House recently promised continued funding for state and regional intelligence "fusion centers" - information-sharing centers the administration deems critical to preventing another terrorist attack. Cutting the grants would limit money available for the centers. The White House's plan to eliminate the port, transit and other grants, which are popular with state and local officials, would not go into effect until Sept. 30, 2008. Congress is unlikely to support the cuts and will ultimately decide the fate of the programs and the funding levels when it hashes out the department's 2009 budget next year. The White House routinely seeks to cut the budget requests of federal departments, but the cuts proposed for 2009 Homeland Security grants are far deeper than the norm. Congress has yet to approve the department's 2008 plan.
"This budget proposal is dead on arrival," said Sen. Barbara Boxer, D-Calif. "This administration runs around the country scaring people and then when it comes to putting their money where their mouth is, they say 'Sorry, the bank is closed.'"
California receives a large share of the counterrorism money each year, and could lose more than $200 million under the White House plan.
Boxer was particularly incensed about the proposal to end money for port security - a big concern on the West Coast. "California's ports carry over 47 percent of all goods imported into the United States," she said. "A terrorist attack at any of California's ports could shut down our nation's port system and result in a mind-boggling loss for our nation's economy."
Bipartisan opposition to deep cuts emerged from New York, another state that would be hard hit.
"To zero out essential Homeland Security programs which have more to do with protecting Americans and fighting the war on terror than much of the money spent in Iraq shows how warped and out of touch this administration's priorities are," said Sen. Charles Schumer, a Democrat.
The proposal "goes totally in the wrong direction," said Rep. Peter King, R-N.Y. "This would be a very grave mistake, and I will do all I can to stop it."
In some years the grant program has created more ill will than security. In 2005, the administration cut by 40 percent the counterterrorism funding to New York and Washington, D.C., the two cities hit hardest on Sept. 11. New York lawmakers were furious, and the Homeland Security official in charge of the grants program eventually resigned. Since then, Homeland Security Secretary Michael Chertoff has promised to apply more common sense and less "bean-counting" in grant decisions.
The White House plan calls for massive cuts in areas where Homeland Security officials had sought increases. The department requested $900 million for grants to U.S. cities at greatest risk of attack. But the White House only wants to provide $400 million for that program, to be divided among no more than 45 urban areas. In 2007, Congress gave New York City $134 million - about a third of the total amount the White House would give to the highest risk areas in the country in 2009.
While very popular in the states and among lawmakers who take credit for getting counterterrorism dollars to their districts, some of the Homeland Security grants have been criticized as wasteful or excessive.
- $345,000 for crashproof barriers and 60 closed-circuit cameras to monitor the University of Arkansas Razorback stadium, which local officials think could be a terrorist target.
- $5 million for the New Mexico Institute of Mining and Technology to buy a nearly deserted town to use for counterterrorism training.
- $70,000 for Huntsville, Ala. to create a fallout shelter in an abandoned mine where 20,000 people could take cover underground.
- Several South Florida fire departments have used Homeland Security grants to beef up their gyms. Pompano Beach, Fla., spent $220,000 on fitness equipment for a wellness program, training and physical exams.
While the White House would eliminate at least seven current Homeland Security grant programs, it would create two new grants:
- Targeted investment grants, which would fund administration priorities such as the requirement that states create more secure driver's licenses, secure credentials for transportation employees and state and local planning for catastrophic disasters. The White House would provide $450 million for that.
- A $300 million discretionary grant program for terrorism preparedness, prevention and response, which would fund specific projects instead of sending a set amount to each state.
These grants have long been debated in Congress, particularly whether a certain amount should be guaranteed to each state regardless of its risk of being attacked by terrorists. Rural lawmakers have not wanted the money to be distributed based on risk alone because it would mean their states and districts would see cuts.
In a joint statement, Sens. Joseph I. Lieberman, I-Conn., and Susan Collins, R-Maine, chairman and ranking Republican on the Homeland Security Committee, said they "urge the administration to reconsider this wrong-headed strategy."
So is the George W your saviour or the devil in disguise? YOu cant have it both ways!!! He either is trying to protect our country or wanting it to be invaded.. So now what you republican phonies... Now where do you stand? With George W and if you still do then you all are a bunch of hypocrites like he is!!
In a recent visit to New Hampshire, Joe Biden told the audience that if Bush bombs Iran he will move to impeach Bush. This could possibly happen since Bush and Cheney will probable ignore the impeachment threat from Biden. After all they have ignored everything that Congress tells them and the public wants. They are both above the law and the Constitution is just a piece pf paper.
Presidential hopeful Delaware Sen. Joe Biden stated unequivocally that he will move to impeach President Bush if he bombs Iran without first gaining congressional approval.
- Biden spoke in front of a crowd of approximately 100 at a candidate forum held Thursday at Seacoast Media Group. The forum focused on the Iraq war and foreign policy. When an audience member expressed fear of a war with Iran, Biden said he does not typically engage in threats, but had no qualms about issuing a direct warning to the Oval Office.
- “The president has no authority to unilaterally attack Iran, and if he does, as Foreign Relations Committee chairman, I will move to impeach,” said Biden, whose words were followed by a raucous applause from the local audience.
- Biden said he is in the process of meeting with constitutional law experts to prepare a legal memorandum saying as much and intends to send it to the president.
- When local resident Joel Carp asked Biden why not impeach now, given what has already been done, Biden said it was a valid point, but might not be constitutionally valid and potentially counterproductive. A case for impeachment must have clear evidence, Biden said, and blame should be directed at the right parties.
- “If you’re going to impeach George Bush, you better impeach (Vice President Dick) Cheney first,” said Biden, again drawing applause.
- Biden said the best deterrent to prevent pre-emptive military action in Iran is to make it clear, even if it is at the end of his final term, action will be taken against Bush to ensure “his legacy will be marred for all time.”
Now I know why I like Joe Biden!!! He doesnt take crap from know one!! GO JOE!! Impeach both Bush and Cheney... THey deserve it!!
A top Democrat who had hinted that a compromise on war funding was possible appeared to back away from the idea Friday as the Democratic congressional leadership refused to consider it.
On Thursday, Rep. John Murtha, D-Pennsylvania, said he and the White House Iraq coordinator Gen. Douglas Lute discussed a compromise in which Congress would provide additional funds for the wars in Iraq and Afghanistan if the administration accepted readiness standards for the troops sent into battle and a ban on the use of torture.
The Democrats' part of the compromise would be to extend the time period in which they would demand that troops be withdrawn from Iraq, Murtha said.
But House Speaker Nancy Pelosi showed no sign of accepting such a compromise and said the Democratic Congress would not pass a war funding bill other than the one that had already passed the House.
"We have provided every penny that is currently necessary to fund Defense Department operations in Iraq, Afghanistan, and around the world," Pelosi said. "It is President Bush and his Republican allies in the Senate who are preventing extra funds from reaching our troops."
On Friday, Murtha appeared to back away from supporting the compromise, saying "the fact remains that the war in Iraq cannot be won militarily" and that the Iraqi government has failed to capitalize on "window of opportunity" created by the additional U.S. troops.
Murtha and called for "an orderly redeployment of U.S. forces from Iraq as soon as practicable."
"The House of Representatives has passed a $50 billion funding bill that provides the president, our troops, and our nation with a responsible plan for bringing our troops home," Murtha said. "The president should heed the advice of the American people and allow this funding bill to become law."
Earlier this month, the House passed a bill that would have provided $50 billion for the wars in Iraq and Afghanistan. The bill would have required the president to start withdrawing troops from Iraq 30 days after the bill passed, with the goal of having all combat troops out by the end of 2008.
The White House objected to the restrictions, and Bush's Republican allies blocked the bill in the Senate after it failed to achieve the 60 votes need to advance.
Murtha, who heads the House appropriations subcommittee that oversees defense spending, had suggested the congressional leadership may be willing to consider a longer withdrawal timetable.
"We can get the troops out, but we can't get the equipment out probably in less than in two years." Murtha said. "That's where I think the compromise can be."
Murtha also said the strategy of sending an additional 30,000 troops to Iraq, dubbed "the surge," had created an improved security situation in the country.
"The military situation has improved substantially," Murtha said. "I think the surge is working, but that's only one element...That's because of the increase in troops."
Republicans quickly seized Murtha's comments about the surge and circulated them to the media. Many Democratic lawmakers have argued that the president's surge strategy was not succeeding.
"With one of the Democrats' leading war critics now saying the surge in Iraq is working, it's difficult to understand why the majority continues to push an irresponsible withdrawal plan that jeopardizes critical support funding for our troops," House Minority Whip Roy Blunt, R-Missouri, said.
The White House has been increasing pressure on Congress to provide additional funding. On Thursday, Bush called on Congress to pass additional funding for the wars in Iraq and Afghanistan before lawmakers leave for their Christmas break.
"Pentagon officials have warned Congress that the continued delay in funding our troops will soon begin to have a damaging impact on the operations of this department," Bush said. "The warning has been laid out for the United States Congress to hear."
But a spokesman for Pelosi, Nadeam Elshami, said Democratic leaders do not plan to change this timeline or bring anything back to the floor before Congress leaves for the year.
"The speaker has said we will not initiate any funding legislation for the war this year," Elshami said. "The House has already passed $50 billion
Finally..the Congress has grown some balls!!! Stand up against this tyrant..and make him give in!!!! Dont give in to this liar..!!! this murderer... This poor excuse for a president!!!! GOOD FOR YOU!!!! KEEP UP THE GOOD JOB!!
WASHINGTON — President Bush sternly called on Democrats to approve money to fund the Iraq war "without strings and without delay" before leaving town for the Christmas holidays, something congressional leaders have already indicated they will not do.
After more failed attempts to pass legislation ordering troops home from Iraq, Democrats have said they plan to sit on Bush's $196 billion request for war spending until next year.
Bush said this will push the Pentagon toward an accounting nightmare and affect the military's ability to do its job protecting the country.
"The American people expect us to work together to support our troops. That's what they want," he said, after spending several hours meeting at the Pentagon with military leaders. "They do not want the government to create needless uncertainty for those defending our country and uncertainty for their families. They do not want disputes in Washington to undermine our troops in Iraq just as they're seeing clear signs of success."
NO Mr President what the AMericna People want is for the troops to be pulled out of Iraq!!! NOW!!! not 20 yrs from now... So now we are to give you a blank check? I dont think so!!! Not even George W knows what the American People want..how far from reality is this man?
Well before it was publicly known he was seeing her, then-married New York Mayor Rudy Giuliani provided a police driver and city car for his mistress Judith Nathan. She used the PD as her personal taxi service," said one former city official who worked for Giuliani.
New York papers reported in 2000 that the city had provided a security detail for Nathan, who became Giuliani's third wife after his divorce from Donna Hanover, who also had her own police security detail at the same time.
The former city officials said Giuliani expanded the budget for his security detail at the time. Politico.com reported yesterday that many of the security expenses were initially billed to obscure city agencies, effectively hiding them from oversight.
The former officials told ABCNews.com the extra costs involved overtime and per diem costs for officers traveling with Giuliani to secret weekend rendezvous with Nathan in the fashionable Hamptons resort area on Long Island.
When the New York City comptroller began to question the accounting, Mayor Giuliani's office declined to provide details to city security, officials told ABCNews.com today.
"The Comptroller's Office made repeated requests for the information in 2001 and 2002 but was informed that due to security concerns the information could not be provided," a spokesperson for the comptroller's office said.
Appearing in public for the first time today, Giuliani told ABC News the accusations he assigned a police security detail to his mistress and helped to hide the expenses in the mammoth New York City budget "a pre-debate hit job."
"I'm sorry, but I still don't understand why they filed these expenses the way they did," he said.
Former officials close to Giuliani say he had "zero" to do with how the police security expenses for Judith Nathan, who he since married, were accounted in the city budget.
The Giuliani campaign said it would also provide a former deputy mayor, Randy Mastro, to respond to the allegations later today. So now that you were judging Bill Clinton..what about this moral upstanding person..His mistress is using New YOrk City Police as a taxi? While he is still married to his wife he goes out and screws around with his mistress on the citys dime... and you Republicans thought Bill was bad...if Giuliani gets into office you wont here the end of all the garbage that will go on in the White House it will make BIll look like a choir boy...LOL
According to the Bureau of Labor Statistics (BLS.Gov):From 1921-2003, with Republican presidents in office 42.5 of those years and Democrats 40, Democrats created more than double the number of net new jobs (~76 million vs. 36 million).
The DOW grew by 52% more under Democrats.
Clinton's years created 24% more jobs.
64% greater GDP under Clinton
500% higher growth in the DOW under Clinton
Reagan increased national spending by 80%; Clinton only 28%.
Reagan increased deficits by 112%; Clinton produced a huge surplus
And not only that but look at the following statistics:
Truman, Carter & Clinton spent only 7%, 5% & 5% ,respectively, on vacation while in office. Contrast that with Reagan (11.5%), Bush, Sr. (37%), and Bush, Jr. (21% so far). Bush, Jr. has spent a year's total on vacation whereas Clinton only took 152 days on vacation in 8 years in office. Who is the ant and who is the grasshopper here? Americans work hard, so shouldn't our leaders also work hard?
So you tell me folks what have the republicans done.... but get us into more debt and done little or nothing for the American public
And now some of the glorious accomplishments of George W
Attacked and took over two countries.
Spent the Nations's surplus and bankrupted the treasury.
Shattered record for biggest annual deficit in history.
Set economic record for most private bankruptcies filed in any 12 month period.
Set all-time record for biggest drop in the history of the stock market. First president in decades to execute a federal prisoner.
First president in US history to enter office with a criminal record.
First year in office set the all-time record for most days on vacation by any president in US history.
Set the record for most campaign fund-raising trips than any other president in US history.
Cut unemployment benefits for more out of work Americans than any president in US history.
Set the all-time record for most foreclosures in a 12 month period.
Appointed more convicted criminals to administration positions than any president in US history.
Signed more laws and executive orders circumventing the Constitution than any president in US history.
Presided over the biggest energy crises in US history and refused to intervene when corruption was revealed.
Presided over the highest gasoline prices in US history and refused to use the national reserves as past presidents have.
Cut healthcare benefits for war veterans.
Dissolved more international treaties than any president in US history.
Bush presidency is the most secretive and un-accountable of any in US history.
Members of bush cabinet are the richest of any administration in US history. (the 'poorest' multi-millionaire, Condoleeza Rice has an Chevron oil tanker named after her).
Presided over the biggest corporate stock market fraud of any market in any country in the history of the world.
Created the largest government department bureaucracy in the history of the United States.
Set the all-time record for biggest annual budget spending increases, more than any president in US history.
First president in US history to have the United Nations remove the US from the human rights commission.
First president in US history to have the United Nations remove the US from the elections monitoring board.
Removed more checks and balances, and have the least amount of congressional oversight than any presidential administration in US history.
Rendered the entire United Nations irrelevant.
Withdrew from the World Court of Law.
Refused to allow inspectors access to US prisoners of war and by default no longer abide by the Geneva Conventions.
First president in US history to refuse United Nations election inspectors (during the 2002 US elections).
All-time US (and world) record holder for most corporate campaign donations.
Spent more money on polls and focus groups than any president in US history.
First president in US history to unilaterally attack a sovereign nation against the will of the United Nations and the world community.
First president to run and hide when the US came under attack (and then lied saying the enemy had the code to Air Force 1)
First US president to establish a secret shadow government.
Took the biggest world sympathy for the US after 911, and in less than a year made the US the most resented country in the world (possibly the biggest diplomatic failure in US and world history).
With a policy of 'dis-engagement' created the most hostile Israeli-Palestine relations in at least 30 years.
First US president in history to have the people of South Korea more threatened by the US than their immediate neighbor, North Korea.
Changed US policy to allow convicted criminals to be awarded government contracts.
Set all-time record for number of administration appointees who violated US law by not selling huge investments in corporations bidding for government contracts.
Failed to fulfill my pledge to get Osama Bin Laden 'dead or alive'.
Failed to capture the anthrax killer who tried to murder the leaders of our country at the United States Capitol building. After 18 months I have no leads and zero suspects.
In the 18 months following the 911 attacks I have successfully prevented any public investigation into the biggest security failure in the history of the United States.
Removed more freedoms and civil liberties for Americans than any other president in US history.
In a little over two years created the most divided country in decades, possibly the most divided the US has ever been since the civil war.
So I dont know how proud you all can be of George W... sure looks like he did alot for our country huh? Yeah a bunch of lambs being led to the slaughter...
Entered office with the strongest economy in US history and in less than two years turned every single economic category heading straight down. First US president in history to have a majority of the people of Europe (71%) view my presidency as the biggest threat to world peace and stability. His biggest life-time campaign contributor presided over one of the largest corporate bankruptcy frauds in world history (Kenneth Lay, former CEO of Enron Corporation). Had more states to simultaneously go bankrupt than any president in the history of the United States. Set the record for the least number of press conferences than any president since the advent of television. In his first three years in office over 3 million Americans lost their job. After taking the entire month of August off for vacation, presided over the worst security failure in US history.
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