You are misinformed and not looking at the whole picture.
Some of you seem to like talking about Presidential history and how it relates to the current economic predicament we find ourselves in but you only like going back 8 years and blaming Bush for everything.
So lets go back a little farther shall we? Everyone pretty much knows this whole thing started with the housing crash. Did Bush cause the housing crash? I don’t think so.
While Bill Clinton was having extra marital affairs with White House interns, they were also forcing banks to make extremely risky home loans and loosen credit standards under the presumption that not enough “poor” people could buy homes.
You know the typical liberal line “It’s not fair that only rich people with good credit can get mortgages” which of course sent people on a home buying spree which of course drove home prices into space. Then congress told the banks not to worry about it because all the loans would be insured by Freddie and Fannie and the banks would be safe.
All through the Bush administration when warnings were given and concerns raised during the famous Freddie and Fannie hearings the democrats in control of congress repeatedly said during those hearings “THERE IS NO PROBLEM” and even accused republications of being on a witch hunt. (btw, anyone can watch the hearings on youtube) Read carefully, it was the Democrats not Bush who said there were no problems before all this mess started. It's the truth, go watch it yourself.
Two years later when people started defaulting on the loans (This by the way was when unemployment was still low about the same as under Bill C.) Freddie and Fannie went belly up along with the banks that made the original loans. After that a chain reaction started in the market and here we are.
So don’t blame everything under the sun on Bush. This started long before he was President.
GW inherited a few things himself, just like Obama did.
How about talking about what Obama is doing today and give some substance instead of just I hate Bush one liners?
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