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Today: 17.01.2018 - 14:29:11
   Canada Mortgage Hub Discussion Board -> Mortgage Vancouver -> Why are Republicans acting like this Economic disaster is Obamas fault when it was ruined under Bush's watch?
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renevdplas

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Why are Republicans acting like this Economic disaster is Obamas fault when it was ruined under Bush's watch?
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Post # 1.

nyarwe

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One word....D E N I A L....
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Post # 2.

nitro72

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Its the Blame Game. They refuse to see Bush's hand in this mess.
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Post # 3.

poutnikov

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I don't listen to rush ! I do believe that Teddy was right with this quote! "Patriotism means to stand by the country. It does not mean to stand by the president." Theodore Roosevelt
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nikalo

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its impossible for republicans to own up to something they messed up. lets leave it at that.
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Post # 5.

nobuhisa

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In reality they hate America.....they want Obama to fail which in turn means they want America to fail...Sound like they are TRAITORS to me
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nikedan8

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Republicans can never believe that what THEY do might just be wrong! They only want to blame others like very insecure small children.
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Post # 7.

paramitas

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If they look at it with an unbiased eye they will have to say it is because of the way things have been handled over that last 8 Years that we are in this mess. The reason that the stock market is crashing is because other nations are going into recession and not investing along with our own country.The reason all this is happening is because some retard conned people into believing that it was a good thing to be in debt!Some Americans thought they had spendable money in an equity on their homes that was a speculation to begin with so we spent.. ie HELOC. Hello people you have no money so you borrow money from yourself how could that be possible. Anyway lol It is because of pure greed that this all happened and it will not stop until we figure out that being in debt is not a good thing and that paying off our debt as fast as possible is.
Post # 8.

rafael2000

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"Why are Republicans acting like this Economic disaster is Obamas fault when it was ruined under Bush's watch?I guess Rush Limbaugh must have magical powers that block reality from his Sheep. Let's not allow facts to get in the way."Well lets look at the stock market. The day after Obama won it crashed and has been going down ever since. Rush Limbaugh has magical powers? Then why does he not wave his magic wand and lose some weight and fix his hearing?
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Post # 9.

nitro_hd

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We don't!We place the blame squarely where it REALLY belongs...on Clinton!
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praga_mgp

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repubs are haters
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Post # 11.

nkidhd

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It started with Jimmy Carter! Community Reinvestment Act!Look it up chump!
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Post # 12.

nmx775

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Look at the stock market history. It has plummetted since Obama took office. It wasn't because of the current conditions, it's because of what people see coming.
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Post # 13.

pachn

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Wanting Obama's attempt to enact socialist policies and HUMONGOUS SPENDING BILLS to fail (that will RUIN our country) doesn't make Americans traitors...to the contrary.It makes us the REAL patriots.
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Post # 14.

para1000

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The same reason Clinton got all the credit for the economic boom he inherited. We're a short sighted constituency with a bad memory. The person in office at this time gets all the credit and all the blame.
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Post # 15.

rmoore6483

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The DOW under President Bush and a GOP Congress? 14,000The DOW under President Bush and a Democratic Congress? 9000The DOW under Obama and a Democratic Congress? 7000 and sinking lower.See a trend here?
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Post # 16.

promplastik-msk

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If you actually think about it, the dominoes were falling a LONG time ago... I have read economic papers that say this whole debacle started as late as the Savings and Loan debacle... so to blame this whole thing solely on Bush, his administration and his Congress is ignorant at best...
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Post # 17.

prkush

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The market starting tanking in August/September 2008 when it was clear that Obama was going to win. The market reacted to this and investors took their money and ran. They have no faith in the socialist, racist Kenyan, and every time he opens his pie hole, the investors are proven right.I doubt you have a 401K or own real estate, so it's no surprise you don't understand.
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Post # 18.

rafael2000

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Batman is right. This "economic disaster" did not start on "Bush's watch".Obama's humongous spending bill will do NOTHING to solve the problem, only delay the inevitable. Throwing money at a problem does not solve it...common sense. Unless the root cause(s) are FIXED, nothing will be accomplished except exponentially increasing our country's debt.
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Post # 19.

partwolf

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The facts are Obama is the president and this is happening on his watch and every time he gives the greatest crisis since the great depression speech the stock market tanks. The left may love Obama's gift of gab but the markets see it for what it really is, economic disaster.
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Post # 20.

playdirt

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FACT: The economic problems started in the housing market.FACT: The legislation that planted the seed for the crisis in the housing market was the Community Reinvestment Act - enacted under DEMOCRAT Jimmy Carter.FACT: The Community Reinvestment Act was reinstated under DEMOCRAT Bill Clinton.Republicans made some bad choices along the way as well, but please do look at the facts when you try to squarely place this current economic crisis on the shoulders of the Republicans.
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Post # 21.

oscarh_17

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How about this - While spending on the war may have caused a recession of sorts, the spending of Obama and the policies he is enacting are causing it to further decline.They share in this - a recession is easier to come out of than a depression. I believe the complaint is that Obama has made it worse, not the denial that we were entering a recession at the end of Bush's term. We can argue all day about where it started, thus ignoring how to fix it. How about dealing with the matter at hand rather than dwelling on he past. Gee - I think Obama said that - lets look forward, not backwards. The problem right now is that MANY do not believe he is taking the right steps to fix it, rather he is taking steps that people believe will make it worse. WAKE UP and stop whining about the past - lets figure out what is RIGHT for the FUTURETwo different issues at hand. People need to stop acting like one did nothing and that one is so innocent - not true, each had a hand in it - what matters RIGHT NOW under President Obama's watch - it if it gets worse or better. Deal with the matter at hand!You can not deny the involvement of Carter and Clinton regarding housing - which is an even bigger factor than the war as to why we are where we are at today. Lets fix it, not push it further to disaster
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Post # 22.

olgagaltchenko

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The economic mess we are in right now was the result of the sub prime mess (started by Jimmy Carter in 1977) and high oil prices (caused by the democrats not allowing offshore drilling and drilling in Alaska). Both causes were because of democrats; it just took 30 years for Carter's stupidity to bare fruit. Just because Bush happened to be in office at the time is meaningless. Bush warned Congress about this problem before it happened, but Congress did nothing to stop it. So the real question should be "when are democrats going to understand that their party is at fault for this economic disaster?".
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Post # 23.

pcomeau

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It's a two step process for Republicans:1) Cause a major disaster, either by action or inaction.2) Blame it on Democrats.So after 9/11, the immediate response was to blame it on Clinton, even though Bush had been in office for 8 months. It still is, even though we now know that Bush saw the briefing, "Bin laden determined to strike in US" 5 weeks before 9/11 and did nothing about it. When Clinton received a similar briefing in 1999, he ordered alerts on several levels. As a result, key officials in every responsible agency knew within hours of a routine arrest at the Vancouver-Seattle border crossing and the plot to stage a terror attack on December 31, 1999 was defeated. In 2001, the CIA had known for months that known Al Qaeda operatives had entered the US from Indonesia. They refused to give that info to the FBI right up to 9/11. (The official wingnut response is to blame this on a memo written by a Clinton official named Gorelick. The truth is that that memo clarified existing policy rather than setting new policy, and it dealt only with passing information between different arms of the Justice Department. It said nothing at all about contacts between the FBI and CIA.)When this disaster began, Republicans started looking around, not for ways to fix the problem, but for ways to blame it on Democrats. They came up with 2, which are faithfully repeated by GOP sheep in the answers to this very question. One is to say that the economy looked healthy until 2007, so the Democratic takeover in Congress caused the trouble. This is a basic logical fallacy dating back to the first works on logic written by Aristotle, which is known as 'post hoc, ergo propter hoc.' That is, taking the fact that two events followed in sequence to falsely claim the first caused the second. In reality, the takeover in 2007 caused very modest policy changes, because the Democrats didn't have enough votes in the Senate to pass many Democratic policy proposals, and even when they did, Bush generally vetoed them. The laws passed under Republican control from 2001 - 2007 were in place when the meltdown began.The other is to blame it on an obscure bill passed under Carter called the Community Reinvestment Act (CRA). The truth is that this bill has been in place for 30 years without causing serious problems, and it only regulates banks. The mortgage issuers who specialized in sub-prime loans weren't banks. 19 of the top 20 issuers of problem loans were not banks, therefore not regulated by CRA. But those are facts, and Republican propaganda is all about ignoring and evading facts.
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