President Obama cannot be blamed, but Senator Obama was certainly in the mix. Look where the economy was before the Democrats took majorities in 2006. Their collective agenda on the left contributed greatly and directly to the crash. Frankly, many magnitudes larger than Bush. Bush’s biggest fault lies in allowing the government to mangle the banking system for the left’s ‘affordable housing’ agenda in the name of ‘helping’ minorities. Obama was lockstep with Frank, Dodd, Schumer and the rest, and the right allowed that agenda in part to avoid the fight and in part because they are just as bought by the banks as the Democrats.
There is no one issue or stance Bush had that led to that crash in 2008. It surely wasn’t ‘tax cuts for the rich’ as the idiots on the left like to point at. If anything, the spending, bad monetary policy and racial politics in banking are the cause, and that’s at worst a 50/50% blame on Bush an the Republicans.
I never meant that Bush was solely responsible for the 2007 financial crisis. However, he was the man at the top—the so-called buck stops here guy. When one assumes the presidency, one also assumes responsibility for what happens on their watch.