There can be no doubt. The country has chosen its path. The blame will lay with no one else but the Democrats. It's their responsibility now.
this is the nature of elections, just like we will never know how things would have done under mccain, there is no way of knowing that mitt will do any better
There can be no discussion of any Republicans. The Democrats were chosen. This is our new nation. Obama has now inherited the problems caused by...the Obama Administration.
Except he will continue to blame Bush, the House, Israel, "Clingers", Racists, Republicans, etc. for any and all of his failures, and the media will not only let him get away with saying such nonsense, they will actively push that propaganda. It. Will. Never. End.
So, by default, you're saying that if the country does improve the credit lies solely with no one else but the Democrats.
the obama administration may have re-inherited problems they failed to fix in the previous term, but they certainly didn't cause them.
HAHA! This cracked me up. There aren't any slightly-above-illiterate non-libs on this board for you to balance out. If we happen to get any uneducated, intolerant, redneck Republicans on this board, we'll make sure to call you in!
Yep. If Democratic policies lower our debt, enrich the average American household and bring the unemployment rate down to full employment, I'll be happy to say that everything I learned about economics was wrong. How's he done so far?
who said bush? i said our current problems existed when obama took office. bush didn't cause the housing bubble and stock market crash.
I stand corrected. Question: How did Bush--who inherited the .dom bubble--or Reagan--who inherited massive inflation--manage to overcome those obstacles by the end of their first terms?
Reagan inherited a banking and S&L system that was failing as well. http://en.wikipedia.org/wiki/Early_1980s_recession As the risk exposure of S&Ls expanded, the economy slid into the recession. Soon, hundreds of S&Ls were insolvent. Between 1980 and 1983, 118 S&Ls with $43 billion in assets failed. The Federal Savings and Loan Insurance Corporation (FSLIC), the federal agency which insured the deposits of S&Ls, spent $3.5 billion to make depositors whole again.[24] The FSLIC pushed mergers as a way to avoid insolvency. From 1980 to 1982, there were 493 voluntary mergers and 259 forced mergers of savings and loans overseen by the agency. Despite these failures and mergers, there were still 415 S&Ls at the end of 1982 that were insolvent.
