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I don't think anyone ever blamed Bush for not fixing the economy, people blame him for destroying it in the first place.
Well that is a foolish statement. If those making such a claim apprise themselves of the actual facts that led to the economic mess we are now in, the Democrats refused to respond to the 7 directives that President Bush sent to Congress to "FIX" the mortgage mess and Dems refused and stopped the Republicans with their filibusters in the Senate (Republicans NEVER had enough of a majority during ALL the GWB years to block a filibuster), our economy still managed to stay sound during the first 6 years (2000 - 2006), then in all their uninformed stupidity our voters elected Dem majorities in both house and senate under Pelosi and Reid from 2006 - 2008 which really started the economy downhill and the continued blocking of correcting the mortgage fiasco (created by the government...don't forget BO was part of the group that SUED to force mortgage lenders to give housing loans to those everyone knew could never repay; i.e., his community service resume) and BO came along and really screwed things up making every thing worse with his Socialist/Communist crap which they try to coverup and deflect the truth of this "destroy America" plan with the title of Progressive!
Want proof? Just go to the C-SPAN files and you can find Barney Frank, Chris Dodd, Chuck Schumer, that Waters woman from California and others spewing out on the floors of the House and Senate how everything is "just fine...no need to do anything...ignore President Bush's requests...Republicans are wrong, etc., etc.
To answer your question, things have already improved a great deal. I don't hold Bush fully responsible for the financial crisis of 2008, but his refusal to regulate credit default swaps was part of the problem. Just like I don't fully blame him for Katrina or for voter suppression, but his lazy attitude towards government made things worse.
you do remember that he went to congress and asked for legislation and was told there was nothing wrong by Barny Fwank right?
During the election we were told the economy is on the upswing. Prominent Obama supporters, such as Warren Buffet suggested that the economy will improve next year and beyond regardless of who is President.
What happens if that doesn't occur? It seems to me if before the election Buffet predicted a recovering economy but the economy then sputters, Obama's policies would be to blame.
I'm curious as to what conclusion Obama voters will draw from a sputtering economy in a 2nd Obama term?
I still would blame Bush. Sorry. The things that happen to our economy seems to happen after the previous president leaves office. there is some kind of delayed reaction going on. Possibly because some of the policies don't go into effect until after the current president steps down. That's what I'm observing anyway. Now, if he went for a third, fourth or even a fifth term and the recovery stops, I'd probably say that Obama;s policies might be to blame. That would mostly be because his policies would be in effect at that moment.
I still would blame Bush. Sorry. The things that happen to our economy seems to happen after the previous president leaves office. there is some kind of delayed reaction going on. Possibly because some of the policies don't go into effect until after the current president steps down. That's what I'm observing anyway. Now, if he went for a third, fourth or even a fifth term and the recovery stops, I'd probably say that Obama;s policies might be to blame. That would mostly be because his policies would be in effect at that moment.
Realistically, we should blame both. Bush for screwing stuff up so bad that even a monkey could have done better. Obama for not doing his job of fixing it. One bad apple after another.
The bush adminstration in 4/2001 raised red flags, the 2002 budget requests declares Fannie Mae and Freddie Mac "Potential problem.. and can cause strong repercussions in the financial markets"
In 2003 the White House upgraded the warning to a systemic risk that could spread beyond the housing sector.
John Snow Treasury Secretary called for Regulations & Supervision of GSE's.
Barney Frank (D-MA) denied there was any problem " Fannie Mac & Freddie Mare are not in Crisis"
Encouraging the government to do more to get low income families into homes, Ultimately blocking the regulation.
Allan Greenspan , 2/17/2005 spoke about the dangers of Fannie Mae & Freddie Mac "enabling these institutions to increase in size -and they will once the crisis in their judgement passes-we are placing the total financial system of the future at a substantial risk
Charles Schumer (D-NY) 4/6/2005 ..."I think Fannie & Freddie have done an incredibly good job, and are an intrinsic part of making america the best housed people in the world....if you look over the last 20 or whatever yrs. They've done a very, very good job.
McCain (R-AZ) 5/25/2006 For years I have been concerned about the regulatory structure that governs Fannie Mae & Freddie Mac... and there sheer magnitude of these companies and the role they play in the housing market...the GSE's need to be reformed without delay."
That bill ( FEDERAL HOUSING ENTERPRISE REGULATORY REFORM ACT) made it out of the senate banking committee with a party line vote all the democrats voted against it.
So tell me again, my little parrot of the lefts talking points, exactly how did Boooosh wreck the economy?
Amazing, isn't it?
Liberal housing initiatives through Fannie and Freddie, which Bush tried to crub, were the dagger in the heart of the economy.
Couple that with NAFTA, China most favored nation trade status (Clinton) and open door immigration policy, and we have a recipe for an economic meltdown.
It is shocking that the libs deny any culpability for the financial meltdown, even though they created it. Further, it is amazing that they blame Bush, particularly when he tried to derail the liberal policies that caused the crash!
It is a good thing that libs have short memories- they can forget all of thier mistakes and blame someone else. Further, they fall for the same ploys, again and again.
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