FAA stops collecting airfare taxes -- and the airlines cash in

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7-23-2011 @ 8:02PM

ed said...

To Timber1647--A Republican Congress was the reason the budget got better. Along with a surplus so generously given to President Bush he also inherited a recession, the final collapse of the DotCom era, along with the Eron/Wordlcom scandals, 9/11, Katrina, Afghanistan and Iraq. While these things all contributed to a hit on our economy some how President Bush was able to create an economic enviroment that for all of 2006-2007 this country enjoyed a 4.6 unemployment rate. Things went south because of lack of oversight by the Federal Reserve and Barney Franks and Chris Dodds Housing and Finance committies(and all the sub committies). As far back as 2003 President Bush was asking these guys to take a closer look at Freddie and Fannie. They chose not to. Barney Franks went before some committee and stated back in early 2007 that there was nothing wrong with the housing market, by the middle of 2007 the market was in a downward spiral. Again thanks for the surplus.

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