Question US
Is George W. Bush responsible for the economy?
right this time August 23, 2009 03:43:07
- 13 answers
- Read all 49 comments
- +3 raves
Just prior to the inauguration of President Obama it became popular for right wing talking heads, from Fox News to Rush Limbaugh, to begin referring to the "Obama Recession." After Obama was officially sworn in these same partisans wasted no time saying that his Presidency was already a disaster. Further more any suggestion that Obama inherited an economic mess from George Bush was brushed aside as blame placing and excuse making.
Now comes the problem for the GOP and hard-right talking points. Housing sales just hit a ten year high. Several leading economists have actually credited the "cash for clunkers" deal as having had a positive stimulative impact on the economy. A massive banking crash unlike anything since the Great Depression has been averted and some banks are starting to pay back their loans from the government with interest. The stock market has hit its highest mark of the year. Unemployment seems to be starting to level off some. Factory production and demand is up.
So with Obama's team apparently pulling off what many would have thought was a miracle six months ago what do the Republicans do now? History is one clue. When Bill Clinton turned around a staggering economy, floated all boats on an economic tide of prosperity, balanced the Federal Budget and created a surplus, the Republicans began to say that this was really the work of George H. W. Bush. Even though the economy looked terrible during his administration, they argued, he did all of the right things that would eventually create prosperity during Clinton's Presidency. Clinton was just taking credit for the hard work of his predecessor. So the question is if things are starting to get better sooner than anyone thought possible will the new Republican talking point be that it was really George W. Bush who saved the day for President Obama?
Now comes the problem for the GOP and hard-right talking points. Housing sales just hit a ten year high. Several leading economists have actually credited the "cash for clunkers" deal as having had a positive stimulative impact on the economy. A massive banking crash unlike anything since the Great Depression has been averted and some banks are starting to pay back their loans from the government with interest. The stock market has hit its highest mark of the year. Unemployment seems to be starting to level off some. Factory production and demand is up.
So with Obama's team apparently pulling off what many would have thought was a miracle six months ago what do the Republicans do now? History is one clue. When Bill Clinton turned around a staggering economy, floated all boats on an economic tide of prosperity, balanced the Federal Budget and created a surplus, the Republicans began to say that this was really the work of George H. W. Bush. Even though the economy looked terrible during his administration, they argued, he did all of the right things that would eventually create prosperity during Clinton's Presidency. Clinton was just taking credit for the hard work of his predecessor. So the question is if things are starting to get better sooner than anyone thought possible will the new Republican talking point be that it was really George W. Bush who saved the day for President Obama?
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Here is what I think . . .
85%
11 votes | |
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If the economy is bad it is Obama's fault but if it gets better it will be because of Bush.
8%
1 vote | |
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Is this a trick question?
8%
1 vote |
SodaHead Hot Trends
Is this a trick question?
"My, uhhh, fellow Amerikuns...I have saved thousands of uhhh jobs which were lost recently by the uhhh Bush administration. As revealed in my uhhh transparent government uhhh you can plainly see that uhhh national unemployment has not uhhh risen above 8%, as promised! You may not uhhh know that I was recenlty awarded the Nobel piece prize for uhhh doing great things for Amerikuh. The uhhh fabricated story of national unemployment being over 8% is nothing but a uhhh FOX News Republican lie and I will uhhh do everything within my power to uhhh have them removed from the TV and radio. Remember, Amerikuh! We are in the uhhh road to recovery! Yes we can!"
Here is what I think . . .
Blaming Bush or Obama is a simpleton's view of the mess.
Grow up.
Here is what I think . . .
http://www.thedailybeast.com/...
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Here is what I think . . .
Fannie, Freddie, Bill Clinton, Barney Frank, Chris Dodd, Maxine Waters, Franklin Raines, Jamie Gorelick, Rahm Emmanuel, Community Reinvestment Act...all guilty
Why no Congressional investigations to date? Democrats love to have investigations over all things. Since it went down during the Bush years, you'd think Democrats would be all over further embarrassing Bush, right? Well...Bush tried 17x as early as 2001 to reform Fannie and Freddie and all 17x he was rebuffed by Barney Frank et. al.
Now do you see why Congressional investigations have not been suggested by Democrats. Biggest financial crisis since Jimmy Carter, and Congress doesn't care to know why it happened so it can be prevented from happening in the future??? Of course not, Barney Frank already knows why it happened. He and other Democrats caused it in their attempt to give taxpayer money to poor minorities to buy votes. Disgraceful!
Here is what I think . . .
Here is what I think . . .
I think that the right likes to blame everything bad on the left while taking complete credit for all the good.
I think both sides have their fair share of blame for the mess this country is in and need to stop throwing stones at each other before their respective glass houses completely shatter.
Here is what I think . . .
Here is what I think . . .
If the economy is bad it is Obama's fault but if it gets better it will be because of Bush.
Here is what I think . . .
Here is what I think . . .
Here is what I think . . .