Which Political Party is responsible for the current economic problems?
by Mortgage Rates on Thursday, November 4th, 2010 | 4 Comments
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You missed the Jimma (everyone should have a house) Carter programs that were refined under Clinton.
That’s all very nice. It also completely ignores the fact that the Republicans controlled both houses of Congress for most of the last 20 years, AND controlled the White House for the last 8, and yet they did nothing.
But yes, you can’t blame just one party. The Democrats are also partly to blame. But the buck stops at the president’s desk. He doesn’t get to disclaim responsibility for what happens under his watch.
Republican President George W. Bush is responsible.
Just check out the national Debt.
Just look at the national job loss rates.
Just look at the fasted falling wage rates under Bush.
I do not agree that it was ‘ALL OF US” who contributed.
My husband and I both work, we pay our taxes, we keep one credit card which we pay off every 1 to 2 months in full. We have a modest mortgage and have always made our payments on time. We live within our means. We try to buy American, and buy locally grown fruits and veggies.
Don’t blame everyone.
Plus, everyday American’s are doing the spending in Washington, and we aren’t passing the laws and bills that are not good for our economy, and our jobs.
Everything has been top-down for the past 7 1/2 years, and nothing good has come of it.
I blame Bush mostly.
As the factcheck.org article points out, if we want to assign blame for our current crisis, there is plenty of blame to go around. But the most important point is that, “…these sorts of partisan caricatures can only make the task [of resolving the crisis] more difficult.”
I don’t give a damn who, or which party, created the crisis. I want to see it resolved. Let future historians write books about responsibility. But we need some fairly current historians to write, and soon, about how we resolved it and got back on track. This is a crisis that threatens the foundations of our economy and jeopardizes the financial security of our citizens.
If someone sets fire to your house, you will call the Fire Department first to come put out the fire. Only then will you call the Police Department and the Arson Squad to determine who set the fire. That’s what we need to do here.
We should learn a lot from this debacle. The most important thing is that Congress is not a good regulator because our elected officials do not understand many of the things they regulate. They don’t know the difference between a mortgage and a mountain or between an oil well and a wishing well.