Well, that statement does surprise me. Many economists have been sounding the alarm for years about the impending disaster which has befallen the world. What W and company did was simply ignore the writing on the wall and not listen to outside counsel. There are too many examples where Bush wanted bad news pushed under the rug because we all know — markets correct themselves. A clear example of Ws culpability was his shifting all federal resources to the war on terror and posting low prosecutions against Wall Street criminals as a result. Look at the SEC recent actions in regards to the Madoff scandal, since this is fresh on everyone’s mind. The SEC ignored the warning signs for years that this guy was running a massive stealing scheme. How could this be missed? It goes back to W — markets correct themselves. These governmental agencies such as the SEC are suppose to protect the public’s interest against monsters such as Madoff. Remember what Paulson was saying just before September 08. The market fundamentals are sound. Paulson is Ws Secretary of Treasury. Ws gang are so tied to ideology that it was only until Lehman Bros finally collapsed that they came to grips on reality, too little, too late. Before Sep 08, Paulson blamed borrowers for much of the calamity in the mortgage market because, they walked away from their obligations. He trotted out several failed programs to help home owners but each one was skewed in favor of the predatory lenders so they were doomed before they went to press. Had W hired pragmatic people within the Administration this financial nightmare would have been less severe. W has been an absolute failure and was intentionally asleep at the switch.

However, I do not find George Bush very culpable for the current economic situation. Unless his administration forced all the geniuses who run all the genius banks to write loans to people that they couldn’t pay I will continue to not find him culpable in this respect.

He is of course responsible for not reigning in spending during his years in office, but so is everyone in congress. I believe most of them go along with the earmark/pork scheme.

Despite the fact that there are a lot of people here who do not like all the bail outs, it seems that there is a fairly broad consensus that the bail outs need to be done. While I am skeptical I am willing to leave this up to the experts.

Finally, I agree with those who claim the media is biased in favor of Obama too:
“There is no getting around it, this man who emerged triumphant from the Iowa caucuses is something unusual in American politics. He has that close-cropped hair and the high-school-smooth face with that deep saxophone of a voice. His borrowings, rhetorical and intellectual, are dizzying. One minute he recalls the Rev. Dr. Martin Luther King Jr. in his pacing and aching, staccato repetitions. The next minute he is updating John F. Kennedy with his ‘Ask not what America can do for you’ riff on idealism and hope….Such words mine a vein of American history that leaves more than a few listeners misty-eyed.”
— New York Times reporter Michael Powell in a January 5 news story about Barack Obama campaigning in New Hampshire.

If that’s not media bias, I don’t know what is.

With Bush’s 20-something percent approval rating, I think you will find “Bush bashing” everywhere except the wing-nut sites.

He is SCUM. An incompetent loser. A slacker imbecile with a bible for a codpiece. He’s an inbred con man with shit for brains and a discredit to his race. Cheney? Pure SATANIC evil. The two of them have done more damage than a thousand Bin Laden’s.

defenders?

LOL

December 27th, 2008 at 1:00 pm
@ ottovbvs,

Actually, I said it was quite conceivable the CNN poll had holes but that it’s conclusion wasn’t wildly out of line with most other polls on the same topic. You don’t seem to be able to reply to this perfectly reasonable comment it seems to me without throwing in a load of ad hominem personal stuff. Pity.