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Why do Republicans blame Obama when he inherited the worst global recession in 80 years thanks to GOP mismanagement of the economy?

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  • 2 months ago

    The Crash of 2008 resulted from the Democrat controlled Finance Committee forcing lending institutes to make sub-prime loans to unqualified borrowers in the name of racial justice. The result was liar loans, no-down mortgages etc. George Bush warned congress about this numerous times before the crash. It wasn't Obama's crash but we should have ridden it down and built from there instead of adding massive debt to our national debt which we are now unable to repay. In addition, if we got rid of Obama's federal outlays and spent what Bush spent, we would be up to our eyeballs in surplus federal income.

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    • Lone Star Patriot
      Lv 6
      2 months agoReport

      This ignores the effect of the GOP-controlled Senate, and Bush's stated policy of "Ownership Society" which called for increasing home ownership among minorities. It was his efforts which led to the deregulation of the subprime market despite the warnings of Fannie & Freddy.

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  • JonZ
    Lv 7
    2 months ago

    Republikans never take responsibility for their stupidity! Just look at how they ignore Trump's criminal behsvior!

    • KaleyK
      Lv 7
      2 months agoReport

      Checking Trump's criminal record ... yeah, he doesn't have one.  Your opinion of his behavior means nothing.

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  • 2 months ago

    He claimed to be smart enough to fix it but after 8 years he hadn't done much. If he had done what Republicans wanted him to do, and what Trump did, which was to cut taxes and reduce regulations the economy would have gotten better faster, just as it did when Trump did those things. Obama was too reliant on failed liberal economic policy to do the right thing.

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  • KaleyK
    Lv 7
    2 months ago

    Who is blaming Obama for what?

    Clearly Bush43 got tunnel vision after 911.  Terrorism became the focus of his administration (though apparently not Bid Laden).  Bush43 failed to enforce existing financial regulations.  In hindsight, the housing/bubble crash that caused the recession was very predictable and preventable.  Sadly, the Bush43 administration was focused elsewhere.

    Obama inherited this situation.  To his credit he began a slow-but-steady stabilization of the economy.  The stabilization was negatively affected when the Fortune 5000 companies vacated their cash from the United States after his election ... in fear of what self-admitted socialist Obama might do.  Again, with 20/202 hindsight, that fear was not rational.  The national debt rose from $10.024 trillion to $19.573 trillion in the Obama years.  That stabilization, though well managed by the Obama administration, was very expensive.  History may yet show this was the greatest accomplishment of the Obama Presidency.

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  • wowser
    Lv 5
    2 months ago

    Home schooling plays a large role

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  • Anonymous
    2 months ago

    Why do Democrats of today even mention Obama as some type of hero, when he is too "right wing" for them under today's extremely Leftist Democrat party that has given up on the classic Liberal values that used to define the Democrats?

    Obama is closer to a Republican today since the Dem's have moved so far to the Left.  So is MLK, so if JFK.  Fact!

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  • Anonymous
    2 months ago

    And they'll cause another one because of Trump then immediately forget, it's the cycle of dumb 

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  • 2 months ago

    They also sequestered the budget.  Now they are spending trillions just to make Trump look good. 

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  • Anonymous
    2 months ago

    Because conservative media tells them what to think and feel

    and they never question it.

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