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Three-plus whole years to reverse the biggest mortgage meltdown in modern history? Give me a break. This is disenginuous on its face. There is no way HIS policies had anything to do with this economy. You are trying to pin the recession on the Dems for political points. Cop to it.
I don't think everything is Bush's fault, though I do think the loose regulation of Wall Street, banking, and mortgage lending was huge (and that was not all federal, I have herd California led the charge on the last one), as was the crazy debt spending by everyone. For what it is worth, I think Clinton was one of the guilty parties too, when he approved NAFTA and the repeal fo Glass-Steagall. Of course, both initiatives were led by a republican congress. Still, that makes much more sense than assuming this recession could be reversed in three years or pinned on Obama. We are much closer to the Great Depression (10+ years of pain) or the Japanese meltdown (15+ years of pain) than the 2001 recession.
Actually NAFTA was passed by a Democrat Congress. I don't think that anyone is blaming Obama for the recession. It officially began in December 2007 and ended June 2009. By then it had run its course, as recessions typically do. But the jobless recovery is clearly Obama's doing. From the outset he let it be known that he had it in for business (except certain favored businesses that entail "green jobs") and he and the Democrat Congress created an environment that is inimical to business. He didn't care because then he was wedded to the proposition that government creates jobs. Two and a half years later he's found out the hard way that he needs business to get this economy going. But it may be too late for him, even if he takes the necessary steps to reassure business about government's intentions. That's unlikely since Obamacare is a weight on business planning that Obama is unlikely to jettison.
As part of President Obama’s $2.2 million dollar taxpayer-funded bus campaign tour, he's playing the blame game for everything that is wrong with our economy. In addition to scapegoating Republicans and President Bush for the consequences of three years of Obama policies — a tactic which is obviously getting no traction — he's now blaming our nation's current malaise on "a string of bad luck … a bunch of things taking place over the last six months that were not within our control."
He's just a typical liberal. "Luck" is the reason a person is successful or not. Don't you know, all rich people were lucky enough to be born rich?
Leave it to Republicans to think that higher gas prices, middle east uprisings, the earthquake in Japan, Europe's mess, and a hostile Republican Party who's goal is to gridlock America has nothing to do with the economy.
They expect this single man to magically fix everything that they ****ed up.
So instead of blaming Bush for the economy, because of the way he ran the country, we can blame hurricane Katrina?
Good to know. Might want to send Obama that message.
Conversation between a Republican candidate and a naive supporter...
Republican: "You're a hard-working American who can't afford health care and I'm fighting for you! That's why we're gonna kill Obama's health care plan! You see, it'll cripple him politically and pretty soon, we'll be back in power!"
Supporter: "AH! So then I'll get health care!?"
Republican: Well...No...but you won't have to lie awake at night worrying about lesbians getting married!"
Supporter: So how should I get my health INSURANCE. (Obamacare was never a health care plan)
Republican: We're going to eliminate govt regulation that cripple job growth, lower taxes so that you keep more of your paycheck and allow employers to hire more people, and implement tort reform to help with the cost of doing business for doctors.
Leave it to Republicans to think that higher gas prices, middle east uprisings, the earthquake in Japan, Europe's mess, and a hostile Republican Party who's goal is to gridlock America has nothing to do with the economy.
They expect this single man to magically fix everything that they ****ed up.
if you are going to suggest that a hostile Republican party has an impact right now, then you have to admit that the 2006 democrat controled house and senate were hostile to GWB and had as much of an impact in the economic meltdown that occured.
As someone who filed numerous lawsuits against Citibank in 1995 according to the Chicago Sun-Times for not issuing mortgages in many of Chicago's worst neighborhoods, Obama certainly exemplified the entitlement mindset of his fellow Democrats including those I've previously mentioned by accusing Citibank of the non-crime of redlining.
To the Democrats, the fact that African-Americans have the lowest approval rate for mortgages definitely proves that African-Americans are discriminated against when trying to buy a home, which in their warped and narrow-minded state means that everybody should be able to buy a home regardless of your race, credit score and income.
Since Caucasians have a higher rate of rejection for mortgages than Asians do according to Dr. Thomas Sowell, how come NOBODY on this planet considers them to be the victims of discrimination, yet will scream until they're blue in the face about discrimination against blacks.
More preposterous hypocrisy on the part of the Democrats; the housing collapse took place because all of the folks previous mentioned starting with Clinton & Johnson were Democrats who saw lower home ownership rates for blacks as a (all together now) 'problem in need of a solution'.
Last time that I or anybody with an IQ higher than than their shoe size checked, redlining is NOT a crime.
Barney Frank's immoortal 'I want to ROLL THE DICE as it applies to this housing subsidy situation' pretty much seals the case against the Democrats, althoiugh Clinton & Johnson certainly deserve a hefty share of the blame as well; Clinton's moronic decision calling upon the mortgage industry to use 'innovative and creative' methods to provide financing to people who couldn't qualify under existing underwriting standards is even more proof that the Democrats are 98% responsible for the housing collapse, which led to the international financial collapse of 2008.
He's scraping the bottom of the barrel for new campaign themes to try out. "Win the future" was too laughable for even the libs to take seriously. So now we're down to "Vote for me - maybe next time I'll get lucky!". When you think about it, that's about the only argument he's got.
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