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Originally Posted by mcsluggo
the thing is... is that the markets will rebound no matter WHO is in office. Reagan enjoyed the benefit of Volker killing inflation, beginning at the end of the carter admin. Clinton got to cash the check of budgets returning towards surplus, (plus the tech boom, which was unrelated). Carter and Bush senior began the tough policy actions... but after they ate the poop, their successors got to cash the popularity checks.
Bush jr didn't take ANY of the needed touch economic medicine, but the economic crash still occurred on his watch, and will still have a cleansing effect, and Obama will get to cash the check of the economic recovery in 2 or so years. You can say this whether you love his policies, or you hate them. No matter what, the US economy is a strong and dynamic beast.
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No president since Roosevelt has pushed towards socialism in the middle of an economic recession/depression (pick which word you like). Roosevelt tried it for a long time and it did not work and it prolonged the Depression. We exited the Depression due to massive industry to support the war effort. WWII got us out of the Depression.
Your list of examples above basically says that presidents inherit problems and blessings from the prior president and that their policies might not produce problems or blessings until the next president. Nothing wrong with your idea. But, what Obama is doing is quite different and radical. He has spent more money (that we don't have) in two months than Bush spent in 8 years. Obama makes the war effort and the other spending of Bush look like chump change. And, Obama is bending the nation into a Socialism (albeit a Democratic Socialism).
And, yes, Obama will own the failure to right the ship.
Yes, the beginning of the crash happened on Bush's watch. The problem, however, was not Bush. It was the subprime mortgage collapse. Bush and McCain and others warned about this earlier and the Congress ignored it. It was a Democrat controlled Congress who ignored the subprime disaster.
So, fine. You want to pin the collapse on Bush? Doing so is not accurate. But, if you do that, then the least you can admit is that Obama will own failing to right the ship.
From Rasmussen,
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Support for the Democratic Congressional candidates fell to a new low over the past week, allowing the GOP to move slightly head for the first time in recent years in the Generic Congressional Ballot.
The latest Rasmussen Reports national telephone survey found that 41% said they would vote for their district’s Republican candidate while 39% would choose the Democrat.
Investors now favor Republicans by a 46% to 36% margin, while non-investors would vote Democratic by a 45% to 33% margin.
Democrats began the year holding a six or seven point lead over the GOP for the first several weeks of 2009. Over the past month, the gap has been smaller, with Democrats holding a two-to-four point lead.
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http://www.rasmussenreports.com/publ...ssional_ballot
It only took Obama 2 months to destroy the mega wave he was riding...
So, you can see that Americans are blaming the Democrats for the fatally flawed politics that are emerging...
The Return of the Jedi (Reagan Conservatism) is coming.