There is certainly some blame that goes to democrats who ignored the problem as well as the GOP. And sure the roots of the mortgage issue dates back to the Clinton Admin, although by your argument Congress should take the blame and who was in charge then?
But economists saw this crisis coming for a few years. They didn't know how bad it was going to get but there was no question everyone knew there was going to be a big problem when the sub-prime chickens came home to roost. The Bush admin ignored it just like they ignored everything else: Health Care, energy independence, social security solvency, diplomacy, global warming, the growing mess in AfPak... The list goes on. It was an example of negligent leadership.
Obama by contrast is taking on America's tough politically risky problems. Truely that is a change.
Current Events » in reply to Who's been running Congress and the Senate since January of 2007?
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The whole thread (25 posts)
- "Recovery Plan" reality check, cont.
- Yay! Visual aids!
- Sorta... kinda like "Mission Accomplished" maybe?
- You inherited a surplus, ignored WTC warnings, lost two wars and left a collapse.
- All the figures in blue are from Obama's presentations (n/t)
- I got that
- re: I got that
- You do not pay for a war with tax breaks for the wealthy
- Economics does a good job of explaining the past but predicting the future?- not so good. (n/t)
- Following your leader Rush?
- re: I got that
- I got that
- All the figures in blue are from Obama's presentations (n/t)
- Earlier post