When the recession began is irrelevant.
You said it began under Obama. Now it skipped the entire Bush Administration and began under Clinton.
Guess Bush can't take responsibility for anything.
Bush's tax cuts did not produce a damn thing but more debt and the huge recession of 2007 2008.
Isn't it a President's duty to fix rotten wood when it's known to be wet. If you don't blame Bush it is impossible to blame Obama.
Quote where I said, it began under Obama's presidency.
I didn't say that. Let me help you out.
"The whole reason why we had that recession, was due to Obama's policies. He didn't save us from a recession, he caused it."
Was due to Obama's policies. Sub-prime loans were in facts his policies. We know this because he sued banks to push that policy, before he was ever president. And I proved that.
Guess Bush can't take responsibility for anything.
Well, if you go to the doctor tomorrow, and find a cancerous tumor growing in your lungs, would you blame last nights dinner, or conclude it was more likely something after the last year or two?
The price bubble started in 1997. I proved that. It's not up for discussion or debate. It's a fact.
Are you going to blame Bush who wasn't in office until 2001, for a price bubble that started in 1997? If Bush was in office in the 90s, and Bill Clinton was in off in 2001-08, would you be blaming Clinton given the bubble started in 1997?
The only thing I can for certain blame on Bush, was the minimum wage hike. Isn't it odd that the bubble continued year after year, until 2007, and that just happened.... just by luck or chance, to be the very year we hiked the minimum wage? And isn't it interesting that the recession got worse and worse, year over year until 2009.... and oddly the minimum wage hike was phased in over ..... three years! $5.25, 2007- $5.85, 2008- $6.55, 2009- $7.25. How odd that the recession only started to recover the very year we stopped jacking up the minimum wage, 2010.
So, yeah, I'll blame Bush for that.
But the massive Sub-prime crash... that's all on Clinton and Obama. They pushed for it, they got it, they crashed it.
Bush's tax cuts did not produce a damn thing but more debt and the huge recession of 2007 2008.
Factually incorrect.
Before the Bush tax cuts, tax revenue was falling. No tax cut, tax revenue going down.
After the Bush tax cuts, tax revenue was increasing. Tax cuts, tax revenue going up.
This is also known as a "Fact". Not debatable.
For you to claim that a policy which increased revenue, that replaced a policy which decreased revenue.... is somehow the cause of deficits.... is stupid.
Moreover, with, or without the tax cuts, the crash caused by the sub-prime bust, and the minimum wage laws, would have happened. To claim that in your mythical mindless world, that without the tax cuts, we would have budget surpluses all during a massive economy crippling recession, is also plain stupid.
Isn't it a President's duty to fix rotten wood when it's known to be wet. If you don't blame Bush it is impossible to blame Obama.
You are assuming it was known to be wet.
It wasn't.
The democrats fought every attempt to change the housing problem, because they didn't see it as a problem.
Here's one example. The Republican sounded the warning over and over, and every single Democrat (on this video at least), not only scoffed at the warning, but openly defended bad practices, and supported that idiot Franklin Raines who said "these assets are so riskless..." which of course now that Fannie and Freddie turned out to be the largest bailouts of any bank during the entire crisis, proved that moron wrong.
While Bush's administration did push to regulate, they were opposed at every turn.
Even in 2005, after the Democrats largely defeated the Bush administration at completely re-regulating and reducing the size of Fannie and Freddie.... he openly said... there is no housing bubble.
Which if you look at my graph, by 2005 the bubble was already at a catastrophic size.
Now, highly doubt that Bush knew how bad the bubble was, but he did know there was a problem, and sounded warnings. The Democraps opposed him at every turn.
So I'll tell you what.... when you preach that Bush should take responsibility for his part, you need to own up to the Democraps part. Not only did they start the bubble, but they opposed ever attempt to fix it.
Personally I don't think any fix would have worked. Once the bubble is started, the only possible result is a crash.
But you want to cry that Bush should have known.... well he did know and tried to fix it. You people opposed it. Own up to your own failures first. Then cry about others.