Should Obama Blame the Economic Crisis on Bush?

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The problem if you look at it from the point of veiw of maths,is that USA has lived way above its true capacity,for the last 50 YEAR,THATS RIGHT, THE LAST 50 YEARS,with the removal of the GOLD STANDARD,there is no requirment for any party to live with in,what it can pay for,the fact that neither the repub or the dems dealt with this means that both are liers,
This is the true reason why the USA is a first world nation ,evoling into a third world nation,SAD BUT TRUE,Like all great nations what happens is that the they live beyond there means, over seas wars,none investment in sience,lazyness of the under classes,greed for ruling classes, tax brakes,without investment in industy,The largest borrower is the state,this takes time for a large state to fall apart, you are now at the tipping point, maths whys?

james carlisle of AK 12:55AM October 01, 2009

The fact of the matter, is to stop blaming, and start fixing. We all want to come out of this economical crisis, but don't want to waver some things that aren't useful in this society, plus everything around you is trash anyway. Give it up unless you want to take to your grave then it's on you.

Edward of FL 4:05PM April 08, 2009

As far as I'm concerned Bushjr. started it, now we should end it!I mean what the @$#&! The economy dosen't rely on the government alone. NO! It relies on America together!I'm sure as hell I'm NOT going to sit around while the government does jack shit!

Alissa Foote of MA 11:05AM March 17, 2009

Obama is taking the higher ground here. The "Bush Blame Game" is not productive for America, and it is probably no longer profitable for the Democratic Party. Democrats are in office in large numbers right now, but in order to have success in the long-run, they need to define themselves positively (AKA outside of negative hatred of Bush).

Allison of CA 10:17PM March 12, 2009

I started practicing real estate, construction, etc. in 1964 and later bankruptcy law etc. The current economic crisis has roots going back to 1970 and our failure to deal with the 1973 Arab oil embargo and resulting economic and power shift, among other developments. I sent my Members of Congress, etc., copies of an article reporting that Chase [Bank] Econometrics was advising their clients that "There will actually be a very small middle class in this generation." The median real incomes of the generation that graduated after 1970 has seen no real improvement but instead fallen, with percentages of incomes having to be devoted to housing, interest by whatever name, etc., up significantly, and the ecomomic gains flowing only to the rich, regardless of the party in power. The main trend and theme of business school and economic news has been downsizing, loss of the good jobs to low-wage foreign countries, etc. The quality of most U.S. education, already awful when we started to move to D.C. before even the first desegregation decisions falsely blamed for that, has fallen whie costs rose. Thepercentage of boys in college today is down significantly. Look at the trends of broken families, out of wedlock births, child abuse and neglect, the fact, apparent on the face of the DEA's own Web site, that we are losing the phony so-called "war on drugs," a very real mental health crisis among public school and older students, youth suicide attempts and suicides, and other life-threatening behaviors among teens, etc., heading upward. The real reason some crime figures appear to be down is that the police don't take, and the victims have become discouraged and don't make, reports a lot of the time. Floating on the top of this, we have a layer of scum in business and politics who can raise their own and their intimates' pay at will while running their companies and the country into the ground, while the politicins get sweetheart loans and other bribes and payoffs, their private-sector buddies get earmarks in return for "contributions" and other favors, and Fannine & Freddie finance both parties' convention campaign shows and entertainment, even out of the "bailout" slop given to the hogs. The stock market is not hte real economy, but anyone looking at either with half a brain can see that nobody but the suckersand mullets believes anything the political and financial power players are saying or that this runaway deficit spending is working or going to work. This blame game of the Democratic pot calling the Republican kettle black is just one more pack of lies. The Democrats controlled both houses of Congress and the Republicans the White House when they finally let this crash happen.
A conservative Republican, I do believe that the Republicans own gross acts and omissions cost them vital support and were a, maybe the biggest single, reason Obama won the Presidency and the Republicans continued to lose in Congress.

Peter S. Chamberlain of TX 12:30AM March 10, 2009

Bush is an easy scapegoat, so why not blame him for all of it, even though we are all to blame. The economy has been built on a foundation of cards: credit cards that is, and their bloated cousins, easy bank loans.

Robert Ewing of WI 11:35PM March 09, 2009

This is the icing on the cake...this site drinks the Koolaid as quickly as the NY Times...I feel "dumber" having read this article and posts.

Paul of IN 8:40PM March 09, 2009

Only the most narrowminded least broad thinking people really believe only Bush created this crisis

johnE of ME 7:51PM March 09, 2009

Jimmy Carter started the ball rolling on the bad housing loans to people that could not afford it. Bill Clinton warned us about the possible negative ramifications if it fell apart, but srill pushed the loans. Bush Senior and Junior were ignorant to the coming mess because ole Barney Frank says that all is well. All are to blame.

R Bradberry of NC 6:22PM March 09, 2009

There are many to be blamed for the current economic downturn, so to place the blame solely on the Bush administration represents both personal bias and a lack of broader thinking. History proves that there is a period of economic trouble about once every 20 years. Check your son or daughter's history book. Many share the blame for these tough times. Back in the Clinton administration, the government made it easier for buyers to get loans and purchase houses. This paved the way for buyers to borrow money from banks like mad. Often, these buyers were not even qualified. These times can also be blamed on the Bush administration for not taking action against reckless bank loans and speculation on the housing market-the same kind of speculation that caused the great Stock Market Crash. We must also remember that the Obama administration has done nothing so far to help our country and the world get back on its feet. His program is too ambitious and he is trying to handle too many issues, any one of which could define a presidency. It is also us, the American consumers, who caused this problems. We bought houses we knew we couldn't afford and borrowed money when we weren't qualified. But the real issue is not who we can point fingers at. We, the American people, need to help fix this problem. We are one of the greatest countries in the world. We must stop blaming each other and work together to fix the problem that our generation has helped to create.

MMA9628 of MD 6:05PM March 09, 2009