Unemployment rate to 7.6%

Thing1 said:
Another Bush apologist. The innocent bystander President.

So, let's have some causality. What did the Democrats pass when they took control that had such an immediate negative effect on the economy? And was it something Bush signed, or did they sneak it past him?
Click to expand...

What I think you need to realize is that the recession was a product of the housing bubble. The bubble started under Bush, then popped, and Obama entered office as the economy was in a rapid decline.

So yes, Bush's administration is responsible, insofar as they didn't deflate the bubble. And yes, Obama's administration is responsible, insofar as they didn't prevent the economy from declining further.
 
You must log in or register to reply here.
Back
Top