Screwing up the economy was a group effort.
Bush couldn't do it alone. He had to have help.
The Democrats took control of Congress on Jan 1st, 2007 and the economy started tanking shortly after. This is a statistical fact. The Democraps started talking down the economy over a year before that. They also forced GOP congressional leaders into a shared leadership role before that. Democrats were allowed to call hearings and hold committee meetings in front of the media. Members of the Bush Administration were under constant investigation for doing what the Executive Branch has done in the past. Normal activities were deemed illegal and immoral such as firing 9 federal judges. Clinton fired over 90, yet the Dems started an investigation into the firing of only 9.
The Democraps were able to force through several measures in the last decade. New housing and banking regulations made it easier for minorities to move into homes they couldn't afford and soon lost in foreclosure. The minimum-wage was raised. Unemployment benefits extended to 99 weeks, most of which is expiring for most of the beneficiaries. People have been out of work for so long that they have gotten soft. The ones that have run out of benefits are applying and being accepted as Social Security recipients under medical conditions....stress related or just getting by on whatever they can. Those folks have, according to the Obama Administration, left the work force and are not counted as unemployed. Close to half a million dropped off the rolls in April alone and helped Obama lower the unemployment rate to 8.1% under U-3. Under U-6 the actual rate is 14.5% according to the US government employment agency. The only way unemployment could get back to the rates under the Bush Administration of roughly 5% is if 500,000 new jobs are created per month for 5 years. The way Obama is making the rate go down is by allowing benefits to run out for those collecting benefits.
What a nice guy.
He hopes he can get rid of enough people to get the rate below 8%. Then the rate will be down to the levels that were common during the Carter years. Much better than the 9% and 10% we saw in 2009.
Obama was a member of the congress that made this all possible. He has blood on his hands as well.
So by the same token; any speaking about the Obama economy isn't valid since obviously the Republicans have the House and can filibuster the senate to a standstill. Right?
Please continue although Liability may want to start treating you as a hostile witness.
If Republicans and the "fillibuster" are REALLY to blame for Obama not being able to stimulate the economy, then how do you explain the passage of these economic bills that Obama and the Democrats wanted?
AMERICAN RECOVERY & REINVESTMENT ACT ($787 Billion Stimulus Bill)
CASH FOR CLUNKERS - that was to stimulate jobs in the auto industry
CASH FOR CLUNKER APPLIANCES
HOME STAR JOBS - to provide incentives for consumers to make their homes energy-efficient
RURAL HOME STAR LOANS - to create tens of thousands more U.S. jobs, by creating Rural Star loans for people in rural America to make their homes and farms more energy-efficient
WALLSTREET REFORM AND CONSUMER PROTECTION (The Dodd / Frank Bill)
DREAM ACT - boosting our economy and military readiness with limited, targeted legislation giving the best and brightest of
immigrant children who came to the U.S. undocumented and grew up here a chance to contribute to our country by pursuing higher education or serving in the U.S. Armed Forces, with the ability to earn legal status
Then there's the Health Care Law that Democrats passed and Obama signed dispite overwhelming Republican opposition, the "PATIENT PROTECTION AND AFFORDABLE CARE" Act.
I don't see the obstruction by Republicans to prohibit ANY recovery Obama and the Democrats wanted to see happen. The Democrats AND Obama must finally own up to the failure of this economy to produce the increase in job numbers they were looking to see. For Obama to blame Bush then say his campaign slogan is looking and pushing "
FOWARD " is a joke, to say the least.
