| Re: Do you think Obama will get the US out of the economy crisis?
Quote:
Originally Posted by jeskibuff 
Those who desire to blame Bush for the crisis because it occurred "on his watch" merely want to ignore the obvious. First, Bush was not a dictator: Democrats still had power to affect policy and oversee GSEs like FNMA and FDMC. If you remember, 2006 was a big year for Democrats in the election and things have gone downhill FAST since then. But look back to 2002...after the double whammy of Enron and 9/11, the economy improved steadily with Bush saying "stay the course" regarding tax cuts while Democrats cried that he was guiding the country to financial ruin. Well, those tax cuts WORKED. Instead of getting worse, our economy got BETTER
| You give to much credit for tax cuts working(IMO), but if you believe that tax cuts are the main reason for improvement then you might like the stimulas plan which about 33% goes for tax cuts. The main reason for much of the improvement was the housing push which created 40%+ of the new jobs created(housing bubble), but it was exciting to watch.
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