Quote:
Originally Posted by nickerjones
ahhh all the dems seem to want to blame Bush for putting us behind the 8 ball.... No one mentions Clinton starting the whole housing and banking snafus by allowing Banks to lend out 110% of their assets up from I believe 80 or 85%. Banks were now lending more and more money that they didnt have , which contributed to the housing boom as a lot of the loans were mortgages. SO lets not be a bunch of Dems who want to pass the blame to the latest Republican president and not take any credit for contributing to this crisis as well.
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Yeah Clinton deserves the blame too but Bush was completely lax in continuing the bad policy. In other words he did nothing but watch the economy go down the toilet.
I just find it outrageous that Obama gets the blame for the current economic mess and part of the problem is the current Health Care situation which in the long run, with a new health care plan, should turn out better financially for the US. Right now I believe the USA has the most expensive health care in the world so whether you are paying for it in taxes or privately, you are still paying.