It is hard for anyone to not blame the former administration. Let's be real here, does anyone think the economy just all of a sudden fell of the cliff since Obama took office? Remember the emergency meeting of congress with former Treasury Secretary Paulson and the need of 700 billion dollars to save Wall Street? Let's not talk about how Bear Stearns went into demise, then Lehman Brothers fell off the cliff. And of course, AIG and the many banks lined up needed cash to just stay afloat.
The job numbers were eroding during Bush's tenure, but he was too stubborn and full of it to admit the "R" word for recession. Bush's administration spent this country into the deficit it is in now. So, to be honest, he left this country in far worse shape than better economically and internationally.
Blaming Bush? Not a hard one to do.
It hasn't taken long for the recriminations to return — or for the Obama administration to begin talking about the unwelcome "inheritance" of its predecessor.
Over the past month, Obama has reminded the public at every turn that he is facing problems "inherited" from the Bush administration, using increasingly bracing language to describe the challenges his administration is up against. The "deepening economic crisis" that the president described six days after taking office became "a big mess" in remarks this month to graduating police cadets in Columbus, Ohio.
"By any measure," he said during a March 4 event calling for government-contracting reform, "my administration has inherited a fiscal disaster."
Obama's more frequent and acid reminders that former president George W. Bush left behind a trillion-dollar budget deficit, a 14-month recession and a broken financial system have come at the same time Republicans have ramped up criticism that the current president's policies are compounding the nation's economic problems.
The above emphasis is mine, but does anyone disagree with that? The fact is that is what former President George W. Bush left to the Obama Administration. No wonder he was running to get away from the "kleeg lights".
Source
Home Page
Share
