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Bush or Obama

National Debt – Obama’s fault, or Bush’s?

The US National Debt continues to grow and US citizens continue to look to blame someone.  The leader usually bears that blame, in this case, the President of the United States.  But, the question seems to remain, which President?

Bush Haters

I was having a conversation yesterday with someone that was obviously an Obama supporter.  The discussion began when I criticized those who freeload off the US government by collecting unemployment benefits when they have no intentions of getting a job.  I explained that these type of individuals are hurting the national debt.  Her response, “Bush is the reason this country is bankrupt!”

US Recession

Intelligent individuals understand that regardless of the President in power, the US recession would have still occurred.  The crash of the housing market would have still occurred.  The US auto manufacturers would have still asked for help while flying their corporate jets to Washington.  Wall Street would have still required a bailout and received it.

The environment leading up to the US economic crash was not going to change regardless of who was in power.  Clinton was lucky enough to reign over good times and a decent surplus.  Bush, unfortunately increased spending and was around when the economy finally collapsed, not caused by him or his administration specifically.  Obama is probably in the worst situation by inheriting a stalling economy and is presiding over one of the worst 4-year terms ever.

Don’t shout opinions based solely on your political party preference, you sound like an idiot when you do.

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2 Responses to National Debt – Obama’s fault, or Bush’s?

  1. Mike September 16, 2011 at 4:17 pm #

    Alternatively, the housing and banking crises were precipitated by the drastic elimination of banking regulations under Clinton, allowing for unprecedented numbers of exceedingly high-risk loans toward radically overvalued properties.

    These things don’t “just happen”.

    Note: I’m a staunch liberal, but numbers don’t lie.

    • Victim September 17, 2011 at 12:21 am #

      All these things that happened were the result of many years of poor government empowered by politics. Yes, Clinton influencing the housing crises is a clear example of that. All the past congresses have enabled future debacles, but what’s important to take away is that it usually not the President in power that is to blame. The President and congress in power today will surely cause pains in the future. We can almost guarantee that. Thanks for the comments.

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