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Dow Closes Above 17,000 as Stock Rally Outpaces Economy
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<blockquote data-quote="728ups" data-source="post: 1355347" data-attributes="member: 33372"><p>i can quote source if needed</p><p><strong>President George W. Bush - </strong>President Bush added the most to the debt, more than $6 trillion. This more than doubled the debt, which was $5.8 trillion on September 30, 2001 -- the end of FY 2001, which was President Clinton's last budget. Bush responded to the <a href="http://useconomy.about.com/od/Financial-Crisis/friend/911-Attacks-Economic-Impact.htm" target="_blank">9/11 attacks</a> by launching the <a href="http://useconomy.about.com/od/usfederalbudget/friend/War_on_Terror_Facts.htm" target="_blank">War on Terror</a>. This drove military spending to record levels, $600-$800 billion a year. This included the <a href="http://useconomy.about.com/od/usfederalbudget/fl/Cost-of-Iraq-War.htm" target="_blank">Iraq War</a>, which cost $807.5 billion. President Bush also responded to the 2001 recession by passing <a href="http://useconomy.about.com/od/fiscalpolicy/p/EGTRRA.htm" target="_blank">EGTRRA</a> and <a href="http://useconomy.about.com/od/fiscalpolicy/p/JGTRRA.htm" target="_blank">JGTRRA</a>, otherwise known as the<a href="http://useconomy.about.com/od/usfederaltaxesandtax/tp/President-George-Bush-Income-Tax-Cuts.htm" target="_blank">Bush tax cuts</a>, which reduced revenue. He approved a $700 billion bailout package for banks to combat the <a href="http://useconomy.about.com/od/criticalssues/friend/What-Is-the-Global-Financial-Crisis-of-2008.htm" target="_blank">2008 global financial crisis</a>. For more, see the <a href="http://useconomy.about.com/od/Politics/fl/Bush-Administration.htm" target="_blank">Bush Administration</a>.</p></blockquote><p></p>
[QUOTE="728ups, post: 1355347, member: 33372"] i can quote source if needed [B]President George W. Bush - [/B]President Bush added the most to the debt, more than $6 trillion. This more than doubled the debt, which was $5.8 trillion on September 30, 2001 -- the end of FY 2001, which was President Clinton's last budget. Bush responded to the [URL='http://useconomy.about.com/od/Financial-Crisis/friend/911-Attacks-Economic-Impact.htm']9/11 attacks[/URL] by launching the [URL='http://useconomy.about.com/od/usfederalbudget/friend/War_on_Terror_Facts.htm']War on Terror[/URL]. This drove military spending to record levels, $600-$800 billion a year. This included the [URL='http://useconomy.about.com/od/usfederalbudget/fl/Cost-of-Iraq-War.htm']Iraq War[/URL], which cost $807.5 billion. President Bush also responded to the 2001 recession by passing [URL='http://useconomy.about.com/od/fiscalpolicy/p/EGTRRA.htm']EGTRRA[/URL] and [URL='http://useconomy.about.com/od/fiscalpolicy/p/JGTRRA.htm']JGTRRA[/URL], otherwise known as the[URL='http://useconomy.about.com/od/usfederaltaxesandtax/tp/President-George-Bush-Income-Tax-Cuts.htm']Bush tax cuts[/URL], which reduced revenue. He approved a $700 billion bailout package for banks to combat the [URL='http://useconomy.about.com/od/criticalssues/friend/What-Is-the-Global-Financial-Crisis-of-2008.htm']2008 global financial crisis[/URL]. For more, see the [URL='http://useconomy.about.com/od/Politics/fl/Bush-Administration.htm']Bush Administration[/URL]. [/QUOTE]
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