Those who blame Bush for the economy.?
I’m just curious to know why people attribute the economy (good and bad) to the President and the GOP and no responsibility is placed on the Democrats (who have had a majority for 2 years). Can anyone name a specific piece of legislation that Bush created and passed that impacted our economy or are people just drinking from the cup of partisan kool-aid? PS. I’m not a Bush fan or a Republican but I appreciate honest discourse.
Asked By: Jeff C - 11/5/2008
Best Answer - Chosen by Asker
1977: Pres. Jimmy Carter signs the Community Reinvestment Act into Law. The law pressured financial institutions to extend home loans to those who would otherwise not qualify. The Premise: Home ownership would improve poor and crime-ridden communities and neighborhoods in terms of crime, investment, jobs, etc... More
Answered By: Jessica Rabbit - 11/5/2008
Additional Answers (9)
Not 100% his fault.I'm not a Bush fan.
Answered By: natalie - 11/5/2008
The Dems blocked Bush and Rep from Fanny and Freddie while Barney Frank and his buddies were saying all was good yet things were not. Obama`s tax plans will ruin things more you cannot tax more during the low times like this or they will get worse.
Answered By: ken s - 11/5/2008
The dems have gotten a free pass for too long - now it's their turn to take responsibility. They own the presidency, and congress - it's up to them now. If they don't start owning up to their own failures: I'm going to freak out - I swear... More
Answered By: Me G - 11/5/2008
I am going to star you for this. You are correct, he did no legislation on the economy to make it fail. There were many things that happened beyond his control (even though many do blame him for them... More
Answered By: Mrs. Herrera - 11/5/2008
How about Bush's deficit spending... Or the first term Bush and Republican Congress 400 Billion dollar 10 year enlargement of Medicare? In fact, Bush and the Republican Congress gave us the worst deficits in history in his first term.
Answered By: Blackacre - 11/5/2008
The main problems with the economy are the Fed's doing but Bush's spending didn't help.
Answered By: Randall E - 11/5/2008
Um Dems have had majority(barely) for 2 years, repubs had majority for 6. Who set us up to waste money - Republicans. who was in control as president for the last 8 years, republican. Who has increased government the most since the great depression, REPUBLICANS! (BUSH). so who is really responsible for the way things... More
Answered By: Josh W - 11/5/2008
Green I put this here so I can vote for the best answer.
Answered By: Bear - 11/5/2008
Two years out of 30/40 ain't bad, huh? Actually, a lot of what is happening now is from older legislation that is coming home to roost, i.e. The Gramm Bliley Leach Act that was rammed through a Republican congress in 1999 by Phil Gramm that did away with the safeguards that were put into effect after the Big Depression... More
Answered By: mom - 11/5/2008
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