Three and half years into his presidency, Barack Obama still blames Bush for the economy.
I find several things ironic and hypocritical about this. First, when the president and democrats blame Bush they are unable to offer up a single Bush policy that lead to the financial crisis (BTW, “corporate greed” was never a Bush policy) and have not changed his most significant accomplishment which is known as “The Bush Tax Cuts”.
Secondly, some of those who have been screeching & blaming the loudest have been the most complicit in the main cause of the 2008 Financial Crisis which was the bursting of the housing bubble. Chief among those who are trying to shift the blame (successfully, I might add, thanks to the lame stream media) are Clinton, Dodd, Frank, Pelosi and Reid and to some extent Obama in the short time he was a U.S. Senator.
Which leads me to the final irony, the same people who are most to blame for the financial crisis because of pushing policies that forced and/or incentivised lending institution to make risking loans to people who should never have qualified are the same ones who have been selected to fix the problem by doing more of the same.
THAT’S WHAT SOME WOULD CALL DOUBLING DOWN ON STUPID!
Despite the B.S. crap from liberal policy organizations that call themselves “Non-partisan research and policy institutes”, the fact remains that it is the housing collapse that lead to the financial crisis and it was years of Democrat policies~ from Carter on~ that lead to the housing collapse.
It was NOT, as some have mislead others into believing, the result of the Bush tax cuts ~which put more money in all individual Americans’ hands~ NOR the U.S. defending itself and the free-world from terrorist, fascist States.