Everyone calls this the "Bush recession" when it should be more accurately called the Clinton or Obama recession, just a quick look of how to expose this "Bush recession myth".
1.The Housing act which forced banks to loan to those that cannot afford homes, which led to this whole housing mess - was signed by Clinton.
2.Obama voted for TARP, a measure a majority of Republicans & Americans opposed.
3.Obama voted for big government for years, remember budgets & finance start in the Congress.
This is not the Bush recession, Obama has had his hands (he supported the free housing for everyone as a lawyer for ACORN remember) in this mess for years, he supports it, and now he is using it to kill American capitalism = Obama recession, for years in the making.
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3 comments:
That is just a part of it. The economy started tanking as soon as Obama became a viable contender back in 2008. That always happens when a new president takes office, but this is the first time it happened on a candidate becoming a contender.
Then, all of the weak points in the economy started springing leaks. Every action to try to correct it was socialist in nature and wound up making it worse.
The real issue is the threat of socialism. Our economy will not recover until that threat is removed.
One way to do it is to repeal all of the socialist spending: Stimulus, Omnibus and Budget. Repeal them all and the economy will turn around...it will start as soon as it appears this action will be taken.
http://backyardfence.wordpress.com
Best regards,
Gail S
Well said, lets remember after spending 3 trillion dollars - the economy is yours, along with the massive failures.
There are few people that see the truth, that is the biggest problem, not who is bringing the economy down or who is wasting money, obama, clinton, these are just names
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