Obama Screwed up the Economy Not Bush Not Republicans
Did you know that Obama screwed-up the economy? I didn’t until I read Dick Morris & Eileen McGann. I thought the economy went bad under President Bush’s watch, (which is why the republicans were thrown out of office) but it turns out it was Obama’s fault all along. Here are some excerpts from their article entitled Obama Still Blaming Failed Economic Policies on Bush:
Tuesday, October 13, 2009 4:34 PM
http://www.newsmax.com/morris/Obama_economics_Bush/2009/10/13/271763.html
“Despite $800 billion of economic stimulus and the accumulation of a $1.4 trillion deficit, he has been unable to lower the unemployment rate below 9.8 percent.
So why, after nine months of Obama, do voters, in the latest Rasmussen poll, still blame President Bush ? and not Obama ? for the economic situation by 55-37? How can Obama skate by without having to account for the failure of his economic program? “
I can answer this one for ya Dick. Obama doesn’t have a policy, he can’t have one until he fixes the mess Bush and the republicans got us into. It was clear all along this president or any other person taking over from Bush would be spending all their time trying to prevent the disaster from pushing us into the abyss of a great depression. You have to put out the fire first before you can start the rebuilding program.
And by the way, the deficit belongs to Bush and the republicans. We had a balanced budget before Bush got elected. The $800 billion stimulus is a fundamental fiscal response to severe recession; basic economics. If Bush had instituted the stimulus last summer, it might have arrived on the scene in time to mitigate some of the disaster. But no, he quit being president around the same time figuring he’d leave the dirty work to his successor. You defend him Dick; I think he went AWOL in the middle of a crisis. People are sent before a firing squad for stuff like this.
Of course if Reagan were president this would never have happened, right Dick?
“In the late ’70s, for example, the mantra that “less is more” gripped policymakers. America was in late middle age and facing its decline, inevitable (and even healthy), we were told, after its artificial post-World War II dominance.
Then came Reagan, who showed us all how unrealistic these diminished expectations were and how they could be put to shame if the private sector were truly unleashed. Margaret Thatcher taught the same lesson to British pessimists, clucking at the decline in their island’s fortunes. “
The Reagan tax cuts for business and the Bush tax cuts for the investor class are for the most part still in place. Why then the economic collapse? It was the unleashing of the private sector that did it. It was unleashed without supervision. What do you want to do Dick, give them a trillion dollar tax break? You can’t unleash them again because they were never put back on the leash. Not only do I want to see them put back on the leash, I want some of them to go to jail.
None of this had anything to do with Obama, but Dick will blame him anyway:
“Now Obama is succeeding in persuading us that we are entering an era of scarcity and that prosperity will remain a distant goal as we wrestle to the high unemployment that is inevitable in these tough times. The more his economic policies doom us to continued high unemployment, which inhibits the consumer spending that could cure it, the more he will peddle the mantra that joblessness is inevitable.
How long will Obama be able to get away with this shell game? For how many more months will he succeed in shucking off the blame for his failed policies onto Bush?”
I can answer this one for you too Dick. The blame for the failed Bush policies will go on forever. This will be written into the history books as the model of how unbridled capitalism and huge deficits lead to disaster. Economists will be writing volumes on the subject. University professors will be teaching and students will be studying the false assumptions that were the foundation of this republican catastrophe.
This republican humiliation is going down in history, and you can go to the bookstore and read all about it. You find a copy of the book in the business section right next to the multi-volume anthology of “Herbert Hoover Misunderstood Republican Legend”.
you’re an idiot…. who was the one who increased government spending by the TRILLIONS?….. BUSH
all for the sake of big oil, and a meaningless war in iraq wich cost over 20 trillion dollars moron.
obama came in the middle of this great recession… obama wanted more and more cuts, and withdrawing troop, medicare reform and other reforms but….. it was the REPUBLICANS who refused obama’s demands for more cuts and bringing back out troops.
the Republicans are now trying to point the finger at obama and saying its ALLLL his fault for everything.
you need to read more. and pay attention to what the government does.
especially republicans… cause all they care about is war, defense, big business and profit. nothing else.
Dumbass
What a partial truth! Compulsive spending started in the mid eighties and was the beggining of our current situation. Bush started the beginning of the recession by allowing everyone to own a home regardless of credit worthiness. Socieaty as a whole played a big part by living beyond their means. If you spend more than you make and borrow what you cannot pay back their will be consequenses. Corrupt bankers (and polititions in power allowing this to happen) making bad loans along with other high risk investments without disclosing the risk involved for their personal gain also contributed to our current situation. All of these toghether started the recession and Obama has not helped. All Obama has done is try to spend his way outof debt right from the beggining. Any intelligent person knows this is not going to work. Obama has skirted the recession issues that he walked into since he took office. Any president that has neglgected his job and created more problems is worhty of impeachment!!!