Thread: News You Missed
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Old 01-21-2010, 02:17 PM
Dan40 Dan40 is offline
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Bush Junior gets his share for that. And Clinton gets his share for that. And Bush Senior gets his share for that, and Reagan gets his share for that. And Carter gets his share for that. The economy does its up and down cycles regardless of which incompetent party messes with it. But this time, both parties conspired, with best intentions, for years to deregulate good regulations and to provide people with an opportunity they didn't need, or deserve or could afford. And finally the "Perfect Storm" hit.
Sometimes the market takes a hit and the economy is fine. Sometimes the economy takes a hit and the market is fine. When both take a hit at the same time, everybody takes note. This time they both took a hit at the same time the housing and banking bubbles burst. Both those bubbles were created over decades by both the Democrats and the Republicans. So GWB is not innocent, but he is only a cog in a long broken wheel. But obummer inherited it from his party AND the other party, not just Bush. And doing ANYTHING about what has building for most of all Obama's life is a monumental task to take on. No matter what he tried, he might still be condemned for today. But what he did was pass [ram] a pork spending bill through. Spending ourselves out of debt was not and never will be an answer, nation or individual. Then he turned to his left wing agenda of Cap 'n' Trade and health care reform. Neither should have been in the top 10 priorities in this economy. But he pushed health care to the top, excluding all others. So now he owns this economy by his own errors.
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