George W. Bush is a progressive ? LOL !
I'm sure you'd also laugh at learning Teddy Roosevelt was a
Progressive.
That's right... A
Progressive Republican, it must blow your mind to learn such things exist.
George W. Bush, another
Progressive Republican:
Discretionary defense spending was increased by 107%, discretionary domestic spending by 62%, Medicare spending by 131%, social security by 51%, and income security spending by 130%. Cyclically adjusted, revenues rose by 35% and spending by 65%. Also proportionally Bush increased government spending more than any predecessor since LBJ.
Between 2003 and 2004, following the 2003 tax cuts, the share of after-tax income going to the top 1% rose from 12.2% in 2003 to 14.0% in 2004. (This followed the period from 2000 to 2002, where after-tax incomes declined the most for the top 1%.) At the same time, the share of overall tax liabilities of the top 1% increased from 22.9% to 25.3%, as the result of a tax system which became more progressive since 2000.
In 2005, the Republican controlled House of Representatives passed a GSE reform bill (Federal Housing Finance Reform Act) which "would have created a stronger regulator with new powers to increase capital at Fannie and Freddie, to limit their portfolios and to deal with the possibility of receivership". However, the Bush administration opposed the bill and it died in the Senate.
The Bush economic policy regarding Fannie Mae and Freddie Mac changed during the economic downturn of 2008, culminating in the federal takeover of the two largest lenders in the mortgage market. Further economic challenges have resulted in the Bush administration attempting an economic intervention, through a requested $700 billion bailout package for Wall Street investment houses.
President Bush signed the Sarbanes-Oxley Act into law during July 2002, which he called "the most far-reaching reforms of American business practices since the time of Franklin Delano Roosevelt."
If it weren't for Bush's two wars and his broken promise of NO NATION BUILDING, which resulted in massive increases in military spending, he'd be a folk hero to the Progressive Left - He massively increased the size and scope of the Welfare State, made the
Progressive Income Tax even MORE
Progressive, opposed stricter regulation of GOVERNMENT run industries while supporting crippling regulation of PRIVATE sector industries, supported and enacted bailouts and stimulus.
