To clarify my last post. I personally lay the blame mostly at the feet of the democRATs since everything pretty much tanked when Bush was a lame duck and the RATs felt they had the “mandate” coming out of the ‘06 elections. I have been hammering that point home to anyone who will listen and I think I am getting some folks to actually understand how that works. Explaining this concept to people can be exasperating sometimes but it is worth the time if they do finally “get it”.
I do believe Bush made some fiscal mistakes on the spending side but not to the point that it would bring us to where we are now. That took some real crooks on the Left.
The housing bubble was created by the Community Reinvestment Act, which was a liberal wet dream. Obama certainly supported it, even going back to his Community Organizer days. Several times, Bush, and those in his administration warned of the danger of this policy.
The auto industry failed, largely, due to uncompetitive labor costs driven by the UAW. You know what side of the fence they are on. It will be argued that it takes two to tango, and of course this is correct. Nevertheless, Obama would support the union side of a situation, ten times out of ten.
So how all of this is Bush's fault just escapes me.