Look, things may turn around and improve more, I don't know. I read other 'tea leaves' that tell me any progress might be muted quickly if not completely reversed. I could be wrong. If you are going to give Obama ownership when you think the economy is improving, then he also gets ownership no matter what. The same for any other president, if you contend that whatever happens on an economic level is attributable to the president. I don't but a lot of people seem to.

 

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The economy is like a sinking luxury liner ten times the size of the Titanic. All a president can do is hold onto the steering wheel and crank it one way or the other for a few short years in a futile effort to keep it from sinking while they're behind the wheel. I judge a president on two things:

1)What condition did the previous president leave the ship. Had he veered it into another iceberg, or was he holding the wheel in the correct direction to help right the ship.

2)How did the current president turn the wheel based on the direction the previous president had set us.


George Bush's administration oversaw the massive credit and housing bubble that Alan Greenspan created, while Greenspan sat back and said that a housing crash would never happen. To be fair, the housing bubble really started in 1997 under Clinton. Barack Obama responded to all of this mess by surrounding himself with Goldman Sachs insiders, bailed out the crooks that caused this mess, and let them get away with murder. All of that said, the housing bubble wasn't a cause of the crash, it was just the biggest symptom of the fact that our purchasing power over the last 40 years has been destroyed.

In my opinion Bush did horrible things to help veer the ship into an iceberg, and Obama loaded all of the Banksters into the lifeboats and launched them to safety, leaving us to watch the show from the deck of the ship.




EDIT: More on topic. If my above analogy stands, Ronald Reagan himself built that ship, which was doomed to fail from the beginning.

 

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Yep.

Bush = Hoover
Obama = FDR

A one-two knock out punch destined to make a nation pliable to what war mongers want.

So essentially nothing is Obama's fault.

Gotcha.

 

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I agree with everything you said here except the 'tea leaves' part. I don't think there is any doubt whatsoever that the economy is going to head south again, and likely very soon. The current Congress seems hell bent on it.

 

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I'm sure Obama would be very happy for the compliment.

 

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Stuck with the choice between shit and crap you chose to support... ?

 

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Of course he would. FDR was fantastic as an autocratic despot who delivered a large nation into a Great Depression which then made them pliable for world war through manipulation. That same despot heaped upon a nation a broken supreme court and collectivism. In fact FDR was so great that one of the first things that the nation did after he finally did us the service of dying in office was to enact a constitutional amendment to limit presidential terms to two.

Ownership.


I'm not sure about the economy bit nor how intractable a turning downward would be, although I do believe people should be prepared in the likely event the EU enters a deep recession. If the economy downturns and stays down, we are in a lot of trouble. The first two quarters should give us all the data we need to make an assessment unless we are so far down all we get is spin.

 

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Depression started before FDR and recovery started before WW2. He also started us on the path towards some of the most prosperous times in US History. HTH.

But he was probably...... a zionist! amirite??

 

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