Proof Republicans are not good for big business

[AndyA]

Let's put to rest another myth the GOP and the right wing talking heads would like us all to believe:

Republicans are good for business.

TOP 10 LARGEST U.S. BANKRUPTCIES:

1. Lehman Brothers Holdings
September 15, 2008 - Republican administration

2. Washington Mutual
September 26, 2008 - Republican administration

3. WorldCom
July 21, 2002 - Republican administration

4. General Motors
June 1, 2009 (trouble began during Bush years)

5. Enron
December 2, 2001 (Bush's buddy Ken Lay - Republican administration)

6. Conseco
December 17, 2002 - Republican administration

7. Chrysler
April 30, 2009 (industry trouble began during Bush years)

8. 5. Thornburg Mortgage
May 1, 2009 (industry trouble began during Bush years)

9. Pacific Gas and Electric
April 6, 2001 - Republican administration

10. Texaco
April 12, 1987 - Republican administration

Yes, I realize that the U.S. auto industry has been in trouble for a very long time, but at least they were healthy enough or had enough assets to pretend to be a viable entity going forward. That all fell apart in the waning months of the last Bush administration.

So, EVERY ONE OF THE TOP 10 LARGEST U.S. BANKRUPTCIES EITHER HAPPENED DURING REPUBLICAN ADMINISTRATIONS, OR THE TROUBLE LEADING TO THE BANKRUPTCY BEGAN WHEN REPUBLICANS WERE IN CHARGE.

Now, what's that about Republicans being good for the economy? Big business? I realize facts evade freepers, but it's hard to spin this one.

[louis-t]

1. Wow, Lehman Bros.has been around a long time.

A thousand years! :dunce:

[AndyA]

2. Thanks - something good screwed up in the transition from notepad to DU.

Fixed. ;)