If you want to blame Obama for this you have got to have been sleeping throught he 8 years of Bush. Every bit of this mess was inherited from Bush. Anyone working with a half of brain know it. Village idiots like you beileve it. Plus you base the lies on FOXNEWS and Rush the drug addict. I could disprove each of these lies but it would be a waste of my time.
Oh, hell, just for the hell of it.
Financial Crisis Was Avoidable, Inquiry Finds
http://www.nytimes.com/2011/01/26/business/economy/26inquiry.html
Did George W. Bush cause this crisis?
Economist Nouriel Roubini says
5 factors helped turn the nation's economic surplus into a deficit during Bush's presidency.
1. We
cut taxes.
2. We spent
$2 trillion on two unwinnable wars.
3. We
doubled discretionary spending. Some conservatives originally aimed to "starve the beast" by cutting taxes in order to force future cuts in spending. But spending grew so out of control in Bush's term that no beast was starved, Roubini said. In fact, the beast was fed.
4. We
added entitlement benefits like the Medicare drug benefit.
5. We entered the
largest economic and financial crisis ever, which caused a huge increase in the deficit through the
"recession deficit" and the
cost of bailing out the banks and financial institutions.
Did George W. Bush cause this crisis?- MSN Money