...to blame bush for the bad economy?
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...to blame bush for the bad economy?
From what i understand of economics we have boom and bust periods anyway, and it does seem that bush was unlucky enough to be in charge during a bust period, and of course im sure losing the twin towers had a little bit ofa negative effect on the economy also....
All that said Bush made the situation worse through bad policy choices, tax cuts and increased spending, these 3 things combined with a bust period anyway, is a combanation for disastier...
So, yes it is right to blame bush for the economy, just not completely...
Well, if you had a communist state and he controlled the whole economy, perhaps.
No 1 person is entirely at fault.
ultimatly we must blame ourselves for getting loans we couldnt keep, starting this thnig.
i just think bush took the same route hoover did and thought this thing would blow over, and when it didnt, well..... we all know what happened.....
Damn straight, who do you suggest, I say Husar never really liked him.Quote:
Originally Posted by yesdachi
Logically? No. Traditionally? Yes. The sitting president gets the credit for all the good stuff anf takes the blame for all the bad stuff that happens during his presidency.Quote:
Originally Posted by hooahguy
:candle:Quote:
Originally Posted by Husar
:gossip: I heard rumors about US citizens having to pay taxes, so it must be a communist state :listen:
:tomato:
We don’t have to we get to. :laugh2:Quote:
Originally Posted by Andres
Its our duty!Quote:
Originally Posted by yesdachi
No one person even the president of the united states can be blamed for what is going on...
he didn´t help none...that´s for sure....but saying it´s his fault is going too far.
Cue the Star Spangled Banner! :unitedstates:Quote:
Originally Posted by Strike For The South
Administrations do influence the economy, as do various tax/estate/regulatory laws etc. enacted by Congress. At best, government is only one player in a very complex game. The problem is that they think their role to be more central than it can be.
The important thing to remember, in assigning blame, is that there is almost always a multiple-year lag time between government change and economic impact.
E.G. Congress' efforts to promote minority home ownership were begun in the latter-1990s. They did not intend to create a sub-rime lending derivative market...but that is what happened as Wall Street pursued the high basis point return and accepted the risk that went with it. Obviously, 12-15 years later, there are some problems with this. Good on intentions, not so good on long-term unintended consequences.
On the bright side, there's plenty of blame to go around. Congress was controlled by the GOP at the time, so they signed off on it even though the Dems led. Then, with GB43, a GOP admin pushed to continue these programs with Congressional Dem support against those who sought to reign in FM & FM. Then, the "money is the greatest game" crowd packaged all the debts into seemingly lucrative bundles of joy -- and lots of folks bought into it.
Yes, partially, just as the Federal Reserve, the business cycle, banks, mortgage Companies, American investors, and congress are all to blame.Quote:
Originally Posted by hooahguy
Yes Bush is to blame. For the policies of his administrations and for being at the top of the hierarchy of anglo-style freemarket fundamentalism - the real culprit.
[rant]
Europe didn't have a credit crunch. Neither did East Asia. America had one. Then this spilled over to the global financial system and the cardhouse came crumbling down, dragging everybody along into the abyss.
Our banks are doing okay. Nor do we live on credit the way Americans do. Yet we are dragged down into crisis and the ensuing global recession. Or, America had the party, we, the neighbours, get to clean up the rubbish the following morning.
Beyond bearable too is that America borrowed the money when the dollar was weak, i.e., they got tremendous value. Since the crisis unfolded the dollar has shot up in value. So America gets to pay back its loans on favourable terms. In other words, not only are the neighbours cleaning up the mess, they find out that they are the ones who actually footed the bill for the party too.
We are to America what the US taxpayers are to investment bankers. No matter how prudent we are about our own finances, we are the ones ending up paying. And no matter what happens, before or after the party, we pay for their caviar.
[/rant]
ribbitQuote:
Originally Posted by Louis VI the Fat
so no blame to the thousands of bad loans bankers gave? all of it is bushs fault?Quote:
Yes Bush is to blame. For the policies of his administrations and for being at the top of the hierarchy of anglo-style freemarket fundamentalism - the real culprit.
wow.
:inquisitive:
I am only a reflection of my management said the banker :wink:Quote:
Originally Posted by hooahguy
I think you can blame the people who gave out or traded in bad loans, but I think you can place a lot of blame on the administration because they led the deregulation charge which helped make a lot of this possible, though they certainly aren't the only culprits.Quote:
Originally Posted by hooahguy
In Soviet Obamerica,Quote:
Originally Posted by Andres
TAXES PAY YOU!
Bush deserves blame. Clinon deserves blame. Bush I deserves blame. Reagan deserves blame. Carter deserves blame. Bankers deserve blame. Credit agencies deserve blame. Mortgage companies and housing builders deserve blame. Congress deserves blame. And, most of all, the American citizens deserve blame for becoming lazy and apathetic, not doing our utmost to root out our own corrupt officials and spending like there was no tomorrow.
If the economy were going swell (which you are hard pressed to find it doing under a Republican in modern times) he would take personal credit. So yes, personal blame for when it falters is only applying the same standard he himself (or any President really) would have you apply if things were looking up. He got up and bragged everytime the overall trend of job loss was temporarily in reverse, so why not blame him when things are bad?
Not all of it is Bush' fault. On the contrary. I named as the real culprit Anglo-style freemarket fundamentalism.Quote:
Originally Posted by hooahguy
~;)
Yes
Well, there's a difference between blaming the man and blaming the administration. I blame both. 8 years and we're in a recession, in two losing wars, etc.Quote:
Originally Posted by hooahguy
This land is my land. This land is your land?
I've been worried about this for a while!!!!!! this is a patriotic song!!:laugh4:
This land is my land. This land is your land?
So... its everyone's land ? sounds communist...
*Adds AoM to the unpatriotic haters of america, freedom and life..*
New last line: This land was paid by you and me.Quote:
Originally Posted by Alexanderofmacedon
I would say the vast majority was not Bush's fault.Quote:
Originally Posted by Louis VI the Fat
hm, i think were winning in iraq, but think what you want.Quote:
Originally Posted by SwedishFish