While that might be true that some blame Obama more than Bush, it's hard to imagine how anyone could do so with a straight face.
Times are hard now, yes they are. It's hard to blame a 1 and a half year Democratic Presidency, when you just had 8 years of a Republican Presidency. Things just don't fall over night.
Thank the Gods for the 9.5% Unemployment Rate
Posted by Charles Mudede on Wed, Jul 28, 2010 at 3:33 PM
What makes the current 9.5% unemployment rate look good?
How about one that reaches 16.5%? A paper by Moody's economist Mark Zandi and Princeton University scholar Alan Blinder contends we would have reached that threshold had the government not poured trillions of dollars into the economy after the financial meltdown of 2008.
The paper, called "How the Great Recession Was Brought to an End," uses a Moody's Analytics framework to sketch out what might have happened if the Treasury failed to bail out the banks, Congress failed to pass a stimulus program and the Federal Reserve decided not to flood the economy with cash in late 2008.
Though the true costs and benefits of these moves can't possibly be measured, count Zandi and Blinder as supporters of the efforts led by policymakers including Fed chief Ben Bernanke, former Treasury Secretary Henry Paulson and current Treasury head Tim Geithner, then at the New York Fed.
.....
Really, the GOP cannot return to power at this or any other future moment. The Dems have to make it clear to Americans that the situation should be, and can still be, much worse. The GOP's economic program is nothing but hot ideological air.
More here:
http://slog.thestranger.com/slog/archives/2010/07/28/thank-the-gods-for-the-95-unemployment-rateWhat paper is Charles Mudede referring to?
How the Great Recession
Was Brought to an End
JULY 27, 2010
Prepared By
Alan S. Blinder
Gordon S. Rentschler Memorial Professor of Economics, Princeton University
609.258.3358
[email protected]Mark Zandi
Chief Economist, Moody’s Analytics
610.235.5151
[email protected]here:
http://www.economy.com/mark-zandi/documents/End-of-Great-Recession.pdfCan things be better? Of course they can. It could have been much worse though.
Poll: Obama's economic policies better than Bush's
From a Pew/National Journal poll:
What do you think would do more to improve economic conditions in the country over the next few years?
46% Following the economic policies of Barack Obama's administration
29% Following the economic policies of George W. Bush's administration
Which comes closer to your view about the tax cuts passed when George W. Bush was president?
30% All of the tax cuts should remain in place
27% Tax cuts for the wealthy should be repealed, while others stay in place
31% All of the tax cuts should be repealed
The survey of 1,004 adults was taken July 22-25. The margin of error was 4 percent.
here:
http://blog.seattlepi.com/seattlepolitics/archives/215894.asp