General Discussion
In reply to the discussion: Right-wing obstruction could have been fought: An ineffective and gutless presidency’s legacy [View all]craigmatic
(4,510 posts)He did it because the bankers paid or bribed the politicians to do it in the 90's. PBS did a documentary on this called the woman who predicted the crash. I think her name was Brooksley Borne. Hell even when Clinton signed the law there was a bailout Larry Summers had to arrange because of the all the bad investing going on but it was kept quiet at the time so Clinton knew this would happen again because it had happened on his watch.
By the time FDR took office in March of 1933 people had had 4 years of Hoover to blame for the mess but with Obama the crisis was in Sept/October of 2008 and Obama took office in January of 2009 that's just 5 months. That's a quick turnover with alot of overlap of policy. Plus FDR didn't to deal with the 24 hour news cycle and back then people were smart enough to put the blame where it actually belonged