How is the Bush administration responsible for the Lehman Brothers failure?
I see where Obama blames the Bush Administration and some how (ties Mccain into this) for the Stock crisis. Can some one please explain to me how the administration or any other administration can be blamed for big business corporation for making extremely poor business decisions? Over speculation? And corruption? Please, educated answers only without the 4 letter words about any specific administrations name . . . its a general question about government and how it can affect business.
Asked By: Mr. Ignant - 9/15/2008
Best Answer - Chosen by Asker
There is an independent federal agency called the Securities and Exchange Commission. The SEC was created by Congress, but is overseen on a day-to-day basis by the current presidential administration... More
Answered By: John I - 9/15/2008
Additional Answers (12)
Because the Libs say so.
Answered By: Bleh! - 9/15/2008
It isn't. That's just the standard DNC propaganda mill hard at work.
Answered By: Thomas SR - 9/15/2008
Anything bad that has ever happened in the history of the world is Bush's fault, and also McCain's fault, and also Palin's fault. Just ask any Democrat.
Answered By: Repeatedly Suspended - 9/15/2008
Three words: Regulation. Oversight. Justice. The commerce clause of the Constitution gives congress the right to set regulatory standards for business. The Bush administration sought to strip regulatory powers from the government or ignore them when they couldn't.
Answered By: jehen - 9/15/2008
Low dollar values = negative impact on economy... More
Answered By: qncyguy21 - 9/15/2008
The same reason it is Bush's fault the Cubs haven't won a World Series since the Civil War; liberals can't think of any other logical reason and rely on misguided emotions rather than fact because they lack a functioning brain.
Answered By: Billy - 9/15/2008
The US government is responsible for the general health of the economy. They are expected to keep the economy strong by managing interest rates, enacting policies to create jobs, controlling inflation, and so on. The Bush administration has failed to do that. That is why they are responsible.
Answered By: gomanyes - 9/15/2008
I would talk to Pelosi and Reid about that, along with their chums.
Answered By: dlk - 9/15/2008
Because they can. They also ignore the fact that their stellar leadership has controlled congress for the last 2 years as well.
Answered By: Evie's Alter Ego - 9/15/2008
It is not his fault that he is incompetent, it is the fault of the people who reelected him. More specifically, Bush turner a huge proficit that Clinton left him into an even bigger deficit.
Answered By: newstr2 - 9/15/2008
Well, they'd like to blame it on the fact that the Bush administration didn't take control (regulation, oversight, and justice) of the economy like Clinton did. But as we all witnessed, all that did was throw a cloak over many problems until he was out of office... More
Answered By: Teresa A (SFCU) - 9/15/2008
The Bush Administration has taken a very "hands off" approach to the financial markets... More
Answered By: Scott T - 9/15/2008
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