Flashback: Obama Criticizes Bush on the Economy(March 2008)

msnbc ^ | March 17, 2008 | Aswini Anburajan

[Son House]

Obama claimed that the economy was "teetering on a potential crisis"...and pointed a finger at President Bush, accusing him of poor fiscal management.

"History will not judge President bush kindly," Obama said...arguing that Bush appeared nonchalant over the potential crisis in remarks last week.

"When I saw the president in his press conference, almost lighthearted and joking about some of these issues, I think it did not instill the kind of confidence in the American people and certainly it didn't instill any confidence in me that the Administration is taking the situation seriously," Obama said.

He also argued that a lack of transparency within government had lead the economy down this road, and said that the ill effects had been a long time coming and many of the effects the economy was experiencing now was part of a long-term structural problems.

He did not openly criticize what Fed Chairman Ben Bernanke or Treasury Secretary Paulson did in helping JP Morgan buy Bear Stearns, calling them "creative steps."

Regarding legislative proposals to deal with the crisis, Obama appeared to favor a middle- class tax relief that could be instituted right away. "I continue to believe that a middle- class tax cut that gets money into the pockets of working Americans is going to be most effective in regenerating the economy -- not a continuation of the same tax cuts that have been going to the top 1% for the last several years."

Asked if it should be instituted right away, he said: "I believe we should institute not just because it would be good economic stimulus, but because it would be important for fairness in the economy. We've got an economy like I've said who's seen their wages and income flatlined over the last seven years."

[Son House]

Now let's see Obama criticize Obama on the economy.

And what of that "middle- class tax relief that could be instituted right away"? Does the 2009 tax tables reflected the decrease in withholding allowance trick?

[MNJohnnie]

"I continue to believe that a middle- class tax cut that gets money into the pockets of working Americans is going to be most effective in regenerating the economy -- not a continuation of the same tax cuts that have been going to the top 1% for the last several years

And just like his role model Bill Clinton, he promptly forgot this idea the second he won the election

[bestintxas]

If Zer0 critized a white man then he must be a racist as he is black.

Isn’t that the way the libs say it’s supposed to work?

[Road Warrior ‘04]

"History will not judge President bush kindly," Obama said...

The "present" is judging you very poorly, Bowrama!

[FrankR]

""History will not judge President Bush kindly," obama said...arguing that Bush appeared nonchalant over the potential crisis in remarks last week. "

First of all, we've all seen the value that obama places on a "crisis" - never let one go to waste is his creed. He uses the "crises" mode to pass his socialist agenda.

I don't think Bush tried to "panic" the people every time he got in front of the camera; he had the wisdom to know that when the President speaks, the markets react. Government and the economy are a slow moving wheel, and shouldn't be rushed.

Bush's biggest mistake on the economy was not having the team of Franks, Dodd, Fannie Mae, and Freddie Mac investigate and stopped. Of course, their rout of the economy was fully backed by obama's client - ACORN - so he doesn't see anything wrong with it.

What bush did to America is a fart in a whirlwind when compared to the complete disaster called the obama administration.