4 ms·

The money under Bush went to the Iraq war, which benefited the "big guys", not the small guys. The small guys have yet to ever benefit from anything.

danjayh 11y ago
I was referring specifically to the cheap debt. Yes, the much of the spent money under Bush went to the Iraq war, and under Obama much of it went to 'stimulus', and both items hurt us all (through inefficient use of resources) while benefiting large enterprises.
- mmanfrin 11y ago
  TARP was passed under Bush.
  - saalweachter 11y ago
    Obama did have the $831 billion ARRA, but that pretty much was done after about two years.
maneesh 11y ago
well---now they have plenty of food, medicine, internet, education---sometimes a rising tide can help raise a lot of (but perhaps not all) ships.
13thLetter 11y ago
> The money under Bush went to the Iraq war, Not really. The Iraq and Afghanistan wars together cost something on the order of $750 billion, which was less than one year of stimulus spending at the beginning of the current administration.
- assface 11y ago
  > Not really. The Iraq and Afghanistan wars together cost something on the order of $750 billion, which was less than one year of stimulus spending at the beginning of the current administration. Ignore this person. They don't know what they are talking about. The estimate cost of the Afghan + Iraq War is estimated to be $4-6 trillion when you account for long-term medical care and disability compensation for service members, veterans and families, military replenishment and social and economic costs. Source: http://www.hks.harvard.edu/news-events/news/articles/bilmes-iraq-afghan-war-cost-wp http://www.hks.harvard.edu/news-events/news/articles/bilmes-...
- SturgeonsLaw 11y ago
  Add another zero to that and you're closer to the real figure, which doesn't even include ongoing expenses like the ramping up of the domestic security apparatus and the surveillance industrial complex created in the wars' wake. ARRA didn't even crack a trillion.

danjayh 11y ago

I was referring specifically to the cheap debt. Yes, the much of the spent money under Bush went to the Iraq war, and under Obama much of it went to 'stimulus', and both items hurt us all (through inefficient use of resources) while benefiting large enterprises.

mmanfrin 11y ago
TARP was passed under Bush.
- saalweachter 11y ago
  Obama did have the $831 billion ARRA, but that pretty much was done after about two years.

maneesh 11y ago

well---now they have plenty of food, medicine, internet, education---sometimes a rising tide can help raise a lot of (but perhaps not all) ships.

13thLetter 11y ago

> The money under Bush went to the Iraq war, Not really. The Iraq and Afghanistan wars together cost something on the order of $750 billion, which was less than one year of stimulus spending at the beginning of the current administration.

assface 11y ago
> Not really. The Iraq and Afghanistan wars together cost something on the order of $750 billion, which was less than one year of stimulus spending at the beginning of the current administration. Ignore this person. They don't know what they are talking about. The estimate cost of the Afghan + Iraq War is estimated to be $4-6 trillion when you account for long-term medical care and disability compensation for service members, veterans and families, military replenishment and social and economic costs. Source: http://www.hks.harvard.edu/news-events/news/articles/bilmes-iraq-afghan-war-cost-wp http://www.hks.harvard.edu/news-events/news/articles/bilmes-...
SturgeonsLaw 11y ago
Add another zero to that and you're closer to the real figure, which doesn't even include ongoing expenses like the ramping up of the domestic security apparatus and the surveillance industrial complex created in the wars' wake. ARRA didn't even crack a trillion.