In November 2008, W Bush attended the Summit on Financial Markets and the World Economy. W Bush gave a speech at the summit where he openly admitted the possibility that after 8 years of his policies, American could face a Depression in the U.S. that could be far worse than the Great Depression of the 1930s.
In this same video are clips of a September 2003 interview of Dick Cheney on Meet the Press where Cheney admits that the Bush tax cuts are 25% of the Deficit and agrees with Tim Russert that, due to the Bush tax cuts, America will see "Skyrocketing" Deficits into 2013.
I thought this video was timely given all the talk about the so-called "fiscal cliff" and the GOP deep, deep desire to make the Bush tax cuts permanent.
I hope everyone has had a Merry Holiday and will have a Happy New Year.
