Posted on 11/03/2009 6:29:20 AM PST by Oldeconomybuyer
I woul;d say its Bush’s liberal policies that caused the economy to tank, not his conservative ones. Alan Greenspan deserves much of the blame. Int rates were lowered too much after 9/11 and the liberal lending policies of the banks ( which were endorsed by the left and most of the rt) were also to blame
The only thing I fault Bush for is lack of leadership when it came to his failure to tell Congress to restrict spending and then not using the veto pen when needed.
The rest I blame on Congress (and the clueless voters who elected them).
However, that was followed by a number of congressional votes to stop funding the Iraq war effort. I believe Bush compromised with the left, and was forced into bloated domestic spending in exchange for war funding.
Them 49% need to be shown this..............
THIS is what we had in ‘06 when Republicans ran everything and dim-0s were running for control of congress promising “CHANGE.” How’re yall liking the “CHANGE?”
2006 unemployment #s
4.7...jan.
4.8...feb.
4.7...march
4.7...april
4.7...may
4.6...june
4.7...july
4.7...aug.
4.5...sep.
4.4...oct.
4.5...nov.
4.4...dec.
http://data.bls.gov/PDQ/servlet/SurveyOutputServlet?data_tool=latest_numbers&series_id=LNS14000000
From his HUD speach:
We are here in Washington, D.C. to address problems. So I've set this goal for the country. We want 5.5 million more homeowners by 2010 -- million more minority homeowners by 2010. (Applause.) Five-and-a-half million families by 2010 will own a home. That is our goal. It is a realistic goal. But it's going to mean we're going to have to work hard to achieve the goal, all of us. And by all of us, I mean not only the federal government, but the private sector, as well.
I’d say that the poll proves 94% are imbeciles.
The POTUS has surprisingly little effect on the economy.
Whatever problems Bush may have created are miniscule compared to what 0bama has done! I’m glad the public is FINALLY starting to pick up on this.
What's the difference? They both rely on the same group of people to get their economic advice. Our economy is run by Goldman Sachs, Citigroup, Morgan Stanley and Bank of America. The President is just the salesman.
No doubt highly correlated with the 50% of the population below median intelligence.
bttt
While I agree with you about the mental abilities of large numbers of democrat voting Americans, W is hardly blameless in our current state. Aside from the fact that he did little to quell the spending fury of institutional Washington, he was the one who started the bailout mania ... he did implement the unfunded prescription drug program ... he would have legalized over 10 million non-citizens, leading to over 30 million additional immigrants.
But you are right that Zero has taken ownership of this flailing economy. Every company knows now that their business model is subject to tinkering by lollipop licking ninnies. No company led by competent management will take aggressive action without know how Washington will punish their success.
Excellent point!
We’ve got another year for another 10%-20% of Americans to come to their senses by the 2010 election.
Most definitely W joined in on pushing loans to the unqualified. It was part of his Compassionate Conservatism.
My point is the utter hypocrisy of the culprits in being touted as “experts” by the media and blaming capitalism and the free market for the problem. I didn’t see anyone pointing out the truth and defending free market capitalism.
I did see McCain piling on. If he had the guts to oppose the meme of his beloved news media, he could have used the crisis as a club to beat Obama over the head. (Hint: Franklin Raines.) Instead, he joined the pack of hyenas and now we are about to lose the economic system which has worked for hundreds of years.
We really should start that 'year' on Election Day 2008. Didn't Obama create an Office of the President-Elect, and pretty much anointed himself Ruler over all?
I guarantee you we will be hearing about BUSH for the next 20 years.
They drug Nixon out of his coffin more times than I care to remember.
The big question is "Will the public think Obama is Messiah if we get to sub 9% unemployment by November 2010?" They seem to not like Bush with a 14,000 DOW and sub 5% unemployment for most of Bush's 8 years.
My bet it they won't remember The Bush years because they were told if Bush didn't get a 250,000 increase in employment he was falling behind even with a 4% unemployment rate. Bush had a loose money policy ergo 14k on the DOW doesn't count because it formed a "bubble". Now there is at least 4 times the liquidity at zero interest rates, but that seems alright because Obama needs it.
They really should be blaming Congress, not either president
Barry O and the Dems know we're going to hit 10% unemployment. 9.8% is still single digits...10% is seismic in proportion.
My point is the republicans and the democraps tanked the market, the republicans by letting banks get into the CDOs, phil gramms Market Modernization act, written for his friend Ken Lay, etc, BS and the republicans and democraps with the loans to anybody crap. But the driving force, by going crazy lending, was the market. They were convinced there was no down side. The market shot it’s self in the ass classic case of killing the goose to get the golden eggs.
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