Quote:
Originally Posted by wmbwinn
you can attach whatever start point you like to the crash. It is Obama's mess and he owns it.
The ongoing failure is inevitable because his policies are flawed.
He will own the disaster. He will own the failure to "right the ship". And, many attach the sinking to his policies in the first place. Others fix the sinking to Bush or even to Reagan (which is ridiculous). But, he owns it at this point. And, at the very least, he will own the failure to "right the ship".
He will fail because his policies have never worked anywhere in the world in the past.
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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.