Congress Is to Blame
I don’t know about you, but I want to throw up every time I hear Obama and his cronies say the economy (or something) is Bush’s fault.
I don’t know the exact number of times, but it is pretty close to the number of days he has been in office. There are also a multitude of his announcements that our economy is on an upward trend, which are as accurate as his statement that the private sector is doing fine.
In realty there is truth to his statements. Obama did inherit a recession from Bush, and the economy did turn around after he took office. The Bush recession ended officially in June 2009 (by definition, two quarters of growth). From that point on it belongs to this president.
By the way, at that point, absolutely nothing that Obama can say is his policy had taken place. So the credit for coming out of Bush’s recession belongs to Bush. The credit for ensuring that there was negligible economic growth belongs to Obama.
Refreshing our memory, Bush could have said he inherited a recession from Clinton too. He did, but he didn’t say it. Rather, he offered policies that got us out of not only that one, but also the ones caused by Enron and 9/11.
Of course, the rest of the story is that Congress does the spending bills, not the president. Therefore the real culprit for the bad economy is neither Bush nor Obama, but Congress. The time that the economy started its present decline (from which it has not yet recovered) was early 2007, when the Democrats took over Congress again.
Obama, if he could find his way to be truthful, should start saying it was Nancy Pelosi and Harry Reid’s fault.
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