16th July 2009, 7:53 PM
Quote:Uh, not really. Economic problems as big as the ones we're seeing today aren't resolved in a matter of months. I don't necessarily agree with him making it worse, either. That kind of point is difficult to prove. I agree with him passing the stimulus package, although many economists think it should have been even bigger.
Bush took blame for the recession at the beginning of the decade, which started before his term. This one is much larger. I never expected that it would be resolved by this point, but the problem has deepened since Obama has been in office, and you can't absolve him of blame. Democrats have controlled Congress for three years, and now their control is almost concrete. The Republican Party is in shambles and can't mount any kind of coherent defense. Obama is King of the United States. He has few obstacles in terms of implementing policy. The policies aren't working. Unemployment continues to rise to levels not seen in decades. Mortgage default numbers continue to rise. Consumer confidence is bottoming out. After six months in office, a six months in which he rode a wave of popularity that gave him a free hand to do almost whatever he wanted, he has accomplished nothing except bailing out the institutions that helped create this mess (which, I understand, is just following an already bad precedent).
After six months, I expect some kind of progress. This recession's been in progress for almost two years, so it's not as though we're waiting for an initial drop-off to finish. A President who is working on racking up the largest national debt in the history of the free world really should have some kind of positive result for us to see by this point.
YOU CANNOT HIDE FOREVER
WE STAND AT THE DOOR
WE STAND AT THE DOOR