The economy collapsed at the end of Bush's two terms which was preceeded by two years of democratic controlled congress. A time during which red flags were raised about the elephant in the room (housing) but democrats denied and the GOP was too spineless to push forward with reforms. Obama had two more years of that same congress and even managed to pass HCA with 0 republican votes. Yet the faltering economy nearly four years later is not his fault. He never mentions Reid won't do his job in the senate. Reid and Obama bare the brunt of the responsibility for our current situation in my opinion.