You’re Wrong Obama, George W. Bush is Our President
August 17th, 2008 at 05:10pm Matt Margolis
Barack Obama, after a disastrous appearance on Rick Warren’s forum, decided to step up criticisms of John McCain, saying the U.S. economy is a disaster thanks to “John McCain’s president, George W. Bush.”
First, let’s correct señor Obama, on the economy. The economy was enjoying record growth until the Democrats took over Congress. Since Barack Obama’s party took over, gas prices have skyrocketed, and that has had the most significant impact on the economy. The Democrats promised to lower gas prices. They didn’t deliver. The Democrats fought for an increase in the minimum wage. Those of us who understand economics said it would cost jobs. Guess what? We were right. The economy has started losing jobs thanks to the Democrats minimum wage hike.
Sorry Obama, the poor state of the current economy belongs to you and your party.
Second, President George W. Bush is our president, not just John McCain’s. He’s our president and commander-in-chief. I am a proud supporter of President Bush. I donated to his reelection campaign. I started a pro-Bush blog in 2003 that became one of the most successful political blogs of the 2004 campaign season. I’d do it again in a heartbeat. He’s my president, and yours, and he’s the president of every single American citizen who reads these words I’m writing.
I don’t agree with everything President Bush has done, but he’s been a greater President than Barack Obama could ever dream to be. Obama is nothing without a teleprompter and a speechwriter.
Entry Filed under: Campaign 2008, President Bush
14 Comments
1. Rana Quijotesca | August 17th, 2008 at 5:19 pm
um… WRONG! The current economic crisis was caused by a combination of the FED keeping interest rates below their natural level for far too long and insufficient regulation and oversight of the lending industry. Investors used crappy loans as collateral for other investments, so when their collateral lost value (ie: when the people who shouldn’t have gotten loans defaulted), they had to sell stuff off. This not only caused a major disruption in the stock market, it caused a virtual shut down in the housing industry, arguably the most important sector of the economy in the past few years. That with rising commodity costs, fueled by weak currency–in turn caused by record budget and trade deficits–caused a big increase in both inflation and unemployment.
The Lesson: Our economic woes were caused by actions undertaken long before the Democrats took control of the Congress… If anyone is to be blamed (in particular), it would be the Republican lead finance committees and Alan Greenspan…
Spin it all you want–you know it’s the truth…
2. bongoman | August 17th, 2008 at 5:29 pm
Remember the speech of Obama’s a while back about race in America? The one that Charles Murray of the National Review Online described as:
You do know that Obama wrote that himself don’t you?
First time a major speech by a Presidential candidate or Presidential candidate was written by themselves since Nixon in 1969.
Maybe you could point out the speeches that McCain has written for himself this campaign?
3. Thrower | August 17th, 2008 at 5:32 pm
So the economic malaise was not caused by a huge trade deficit, cheap and foolish credit, faulty energy policy, a stupid war, out of control deficit spending and natural business cycles? It was caused by the election of a do-nothing Democratic Congress? A referendum on that line of thinking is less than three months off.
4. neocon | August 17th, 2008 at 5:35 pm
Rana,
What’s the natural level for interest rates?
Commodity prices, specifically food prices were artificially inflated primarily because of the ethanol legislation, devoting 30% of corn production to ethanol. Oil prices spiked primarily because of ME uncertainty, our continued reluctance to tap domestic reserves, and speculative greed.
Secondly, while not discounting banks culpability, HUD also played a role in encouraging lenders to have a certain amount of low income mortgage loans in their portfolios.
http://floridaloanspecialist.wordpress.com/2008/06/11/how-hud-mortgage-policy-fed-the-crisis/
The Democratic Congress looked on this favorably until the defaults started rolling in, then they want to blame the lenders. Typical.
In 2006, the economy had enjoyed 40+ quarters of consecutive growth, gas was around $2.50 a gallon, unemployment was at historic levels, and earning reports were strong. The Democrats take over both houses of Congress with big promises.
You do the math.
5. js | August 17th, 2008 at 5:39 pm
ALAN GREENSPAN? you meen the clutz clinton hired? the guy thats responsible for the housing bubble? and the guy that dropped the interest rates far, far lower than they should have been? and if ya dont figure it out…the interest rates only got so low because of…fed rates kept dropping…remember that tidbit? then…when they got to rising after clinton left (no bush didnt do that…greenspan did) it thined out the profits of the big banks signing record numbers of mortages…and took 5 years to come to a head…billions upside down and now the taxpayer is getting sucked dry….again…to fix it…
oh..that greenspan…the idiot that hasnt taken responsibility for his actions!! he caused another bubble too…got any idea what that one was? .com.
there is no arguably about it…the two things that hit the economy was the housig bubble and fuel rates going sky high….fugly bunch of tow heads they are…clinton and greenspan….you can bet your bottom dollar they dont want for naught while millions of americans lose thier homes though…
6. Carlton Pryor, Lead Economist, TED-OG | August 17th, 2008 at 6:15 pm
But I thought when the economy was bad and oil prices were high that was all the fault of the Democratic Congress? Now that things are getting better as cycles go the credit should go to Bush? You people are far dumber than I previously suspected.
7. neocon | August 17th, 2008 at 6:25 pm
Where’s Congress again? Oh that’s right……on vacation.
How many appropriation bills passed in this last session: 0
What’s been the last bill introduced to the floor addressing our current energy crisis: nothing
Again, do the math
8. Upstart | August 17th, 2008 at 6:33 pm
Deleted - obscenity.
9. bongoman | August 17th, 2008 at 7:02 pm
It’s easier to do that than sing McCain’s praises.
10. Magnum Serpentine | August 17th, 2008 at 10:19 pm
Gas was 1.30 when the Supreme Court appointed george Acting president
Next.
11. arcman46 | August 17th, 2008 at 10:41 pm
Magnum Stupidity: Several recount studies showed that Bush won the Florida recount. The Supreme Court didn’t appoint Bush acting president; he won fair and square according to the rules in place. Next. (moron)
12. Gman | August 18th, 2008 at 12:06 am
Bongoman you should use the term “borked” not swift-boated because the swift boat vets were telling the truth and you can’t prove otherwise. Carlton Pryor, an economist, calling us stupid… that is rich.
13. ViralNexus | August 18th, 2008 at 2:42 am
I’m pretty sure know one really knows the complete story on our current economic situation and probably won’t for years to come. You people really need to stop pointing fingers at individual people or political affiliations and stop being so childish. During the Clinton era, the Financial Services Modernization Act of 1999 was passed with unprecedented bipartisan support. This act simply gave the financial sector free reign over their markets and allowed them to do what ever they wanted. Those 40 plus quarters of substantial growth were directly related to that. It was a short term gain for a long term and terrible loss and no one person can really be blamed. In 2005 a mosly bipartisan congress passed an energy bill that is now most likely responsible for our outrageous hike in food costs because of the corn based ethanol requirement. Fuel prices which also have a huge effect on food prices has been driven up by global conflict, greed, and speculation. Then there’s the weak dollar and our huge budget and trade deficits. Al of these things and much more are occuring none of which can be blamed on one individual so as I said before, stop being so dang childish and start looking for solutions.
14. Frank | August 18th, 2008 at 10:19 pm
Im sorry but ur a total mental retard