Democrat Candidates Lash Bush on Economy

Source: Agence France-Presse

Democrat candidates lash Bush on economy

MYRTLE BEACH, South Carolina (AFP) — Democrats Hillary Clinton and Barack Obama roasted President George W. Bush on the economy Monday, as world stock markets plummeted for a second day on fears of a US recession. "The president's proposed stimulus package is inadequate, it is too little, too late," Clinton said during a high-stakes debate just five days before the next party nominating contest, the South Carolina primary.

The two leading Democratic candidates for the presidency piled into Bush, whose proposals for boosting the US economy failed to stop world stock markets plummeting, with Obama accusing him of worsening the downturn. Bush's massive proposed stimulus package of tax breaks, announced Friday, has largely failed to convince jittery traders and investors, as fears of a US recession triggered a meltdown on bourses around the globe.

Asian stock markets plunged again Tuesday on the heels of Europe's worst trading day since the September 11 attacks. "People aren't buying the US bail-out story and that feeling has been exacerbated by the weakness overnight in the Asian markets," said Richard Hunter, equities analyst at broker Hargreaves Lansdown in London.

Obama, who has a double digit lead in most polls in the southern state, warned of dire economic times ahead. "We could be sliding into an extraordinary recession unless we stimulate the economy," the Illinois senator said, and also hit out at the current president's stewardship of the economy. "George Bush has made it worse, George Bush has consistently skewed our tax code to the wealthy." "He has squandered billions of dollars in a war that should have never been authorized and never should have been waged," he said, referring to the Iraq war which is fiercely unpopular with Democratic voters.

Read more: http://afp.google.com/article/ALeqM5h54C5rFT7aW3Mafvn5ikSgDuQ23w

stated the obvious. They will after-all, be running against the bushes party that created this wonderful recession.

just like when Bush the Not Quite As Stupid ruined the economy 20 years ago