don't blame bush ? then who the F should be blamed ? let's examine SOME of the facts:
1) oil was $26.00 per barrel BEFORE bush invaded iraq for WMD's that never existed.......oil now stands at $106.00 per barrel and continues to rise. I BLAME BUSH !
2) bush deregulated the lending industry to allow predatory, no doc. and unheard of subprime loans. this has resulted in the worst housing crises since the great depression. I BLAME BUSH !
3) the US is forced to borrow 1.5 BILLION dollars per DAY from China to finance bush's BS iraq war. this has helped create an additional 7 TRILLION dollars of dept in only 7 short yrs.(inflationary) prior to bush entering the white house, the national dept with 42 prior presidents COMBINED was just 5 trillion. he has OUTSPENT 42 presidents combined. I BLAME BUSH !
4) under bush, the dollars value has been reduced by 50% in just 7 yrs, resulting in inflation taking off to historic levels........from food to fuel, to everything in between. I BLAME BUSH !
5) gasoline was $1.25 per gallon when bush took office. it now stands close to $4.00 per gallon......and rising. I BLAME BUSH !
6) JB, have you always been a clueless retard ?
NT
PS, i could go on all day about how bush's policies have ruined the US economy, but YOU wouldn't have a F'n clue anyway.
The President as a matter of law has little power to change the economy outside of the power of appointment and the bully pulpit.
However I agree with you that a good portion of the blame belongs to Bush and his lockstep republican majority in the Congress which allowed him to legislate anything he wanted. You, Mr. President, want a war, you got one. You, Mr. President, want to get government off the back of lenders, no problem. You, Mr. President, want billions for your unnecessary war, here you go.
This is a special moment in history where one party and one president have effectively demoralized and undercut the entire country.
Do average americans deserve a portion of the blame? Yeah, some of them. The american population has been conditioned to equate success in life with acquisitive success. I guess that's why the country has a negative savings rate.
The average american is as bad with a checkbook as our federal government.