The economy Obama inherited
A full year into Obama‘s four year term, he’s still passing the buck:
“Today’s report from C.B.O. confirms that the recession inherited from the Bush Administration continues to erode the budget’s bottom line,” said Representative John M. Spratt Jr., the Democrat of South Carolina who is chairman of the House Budget Committee.
From the start of his administration, Obama promised to cut the $1 trillion deficit he inherited in half by 2012.
President Obama’s team may well have prevented the collapse of the nation’s banking system from a crisis the president inherited,
On and on and on it goes. Can’t blame Democrats because Obama inherited this mess. Only problem with that scenario is it was the Dems, not Bush, that created the mess in the first place.
That’s what’s happened since Nancy Pelosi and the Dems took over the spending and budgeting process. The economy was cruising along in one of the longest growth periods in the history of the planet. Then thing got bumpy in 2007. The big spike around January 2009 was not the beginning of the chart, it’s the MIDDLE of the chart. Obama was part and parcel to the problem as a member of the controlling party. The mess he’s complaining about is the mess him, Nancy Pelosi, and Harry Reid created with their spending plans.
Where it gets really pathetic is Obama blaming the minority party in Congress for not allowing the Democrats in Congress to spend the money as they see fit now. That’s what this is all about. So, if the President can’t control what Congress is doing in 2009 and 2010, how was the President in 2007 to blame for what that Congress did then?
Seems kind of obvious, in-your-face kind of stuff to me. But, no one in media can see that. They just keep repeating the Democrat Holy Grail over and over and over, “it’s Bush’s fault”. Meanwhile, they lost two Governor’s races and a long-time solid blue Senate seat. Last week the 12th incumbant Democrat retired rather than face the voters again. Was that a clue that the blame game wasn’t working any more? No, they blamed those losses on, you guessed it, the economy they inherited.
And the media sang backup.
Now Obama is saying he wants to freeze federal growth after spending a trillion dollars to stimulate it. But, he’s not sure he can do that. It may not be possible due to, drum roll please, the economy he inherited.
That would be yet another campaign promise broken.
And the media will blame it on the economy he inherited.
And the Democrat losses in November will multiply.
And Obama will blame it on Bush.
And the media will back him up.