I've never asserted the current economy is any fault of Obama's... ever.
My position has always been that the White House has had very little impact on the overall economy in the US historically. Every adminsitration has tried to claim successes and blame failures of various administrations over time... reality... much of what goes on in Washington has nothing to do with the economy directly. Indirectly... yes taxes and regulatory legislation has proved to have an effect over time, good and terrible...
Congress has had more of hand overall... the current situation is a result of deregulation and piss poor regulatory oversight in the banking/Wall St areas. Add to that a lot of criminal activity in the financial industry. I'm still amazed at the lack of prosecution that's not occurring right now...
The failure of the auto industry was self induced and had nothing to do with government.
Obama's presidency caused none of this... he just gets to steer the ship through the times. Although I'm not convinced the handling of our tax dollars are helping anything much at present...
GW Bush's administration had a hand in things... but frankly a lot of the root here was put into play before he was elected.
The bigger picture though is what businesses have done... the whole financial and insurance industry holds a huge hand in what got us here. Auto companies should have been allowed to fail... economic catastrophy... yep. But the $$billions$$ spent were mostly wasted IMO.
My position has always been that the White House has had very little impact on the overall economy in the US historically. Every adminsitration has tried to claim successes and blame failures of various administrations over time... reality... much of what goes on in Washington has nothing to do with the economy directly. Indirectly... yes taxes and regulatory legislation has proved to have an effect over time, good and terrible...
Congress has had more of hand overall... the current situation is a result of deregulation and piss poor regulatory oversight in the banking/Wall St areas. Add to that a lot of criminal activity in the financial industry. I'm still amazed at the lack of prosecution that's not occurring right now...
The failure of the auto industry was self induced and had nothing to do with government.
Obama's presidency caused none of this... he just gets to steer the ship through the times. Although I'm not convinced the handling of our tax dollars are helping anything much at present...
GW Bush's administration had a hand in things... but frankly a lot of the root here was put into play before he was elected.
The bigger picture though is what businesses have done... the whole financial and insurance industry holds a huge hand in what got us here. Auto companies should have been allowed to fail... economic catastrophy... yep. But the $$billions$$ spent were mostly wasted IMO.
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