Bush was a disaster that's for sure. But then again he was a puppet just like Obama is. How anyone can lay the sole blame at the foot of a president at this point is just naive. They use teleprompters for pete's sake and they have people writing their speeches for them. Their job is to make a nice speech and appear in control with a calm demeanor. This is something Bush could not do as well as Obama. You are giving them way too much credit!
The USA disaster is really a legacy of the corrupt elite that control politicians. These money junkies needed their fix. They dreamed up Credit Default Swaps / Derivatives and all kinds of weird money schemes that you can't really explain in lay men terms. Vague bullshit.
As Celente said they are called Titans of Industry! What Industry? They don't make cars, tvs, computers, cellphones, homes, bridges. They are money junkies that think they can make extravagant profits without any repercussion.
Until real jobs are back in the US there will be no recovery.