Americans Are Waking Up
Gallup data is showing that more and more Americans are becoming aware of Barack Obama’s leadership capabilities. His approval rating is now near 40%.
As we fall further into the abyss, it’s getting harder and harder to pass the blame for our current economic situation on George Bush. We are nearly seven quarters into Obama’s presidency and there is very little sign of economic recovery. After the passage of one of the largest spending packages in the history of our country, $787 billion for economic stimulus passed February of 2009, the outlook is still grim. Housing prices have plunged 30%. The primary asset of the working American has tanked. Unemployment remains steady at levels the Obama administration said would never be reached if the package were passed.
The Bush blamers tend to forget a couple of very important facts concerning our current economic situation. From 2007 to the end of his presidency, George Bush had very little control the direction our government was taking. The Democrats controlled the House and the Senate from 2007 until the end of Bush’s presidency. At that point the Democratic party made the acquisition of the presidency it’s top priority, at any cost. And they did it with smoke and mirrors that predicted a recession, or even a depression.
Politics Caused The Worst Recession Since The Depression
In late 2007 and early 2008 the Democratic party’s prediction of a recession became a self fulfilling prophesy. Consumer confidence began to fall sharply. People started to hold onto their money.
Enter Barack Obama. Pounding the campaign trail with threats of higher taxes and tighter controls over the economy, investors across the country began to convert their assets to cash. The stock market entered one of it’s worst declines in history. On March 6th, 2009 the Dow Jones Industrial Average reached it’s lowest point since April 15, 1997. Those were the days of Bill Clinton.
Where to you put the blame?
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