Quote:
Originally Posted by The Demon
By no means am I saying that the Republicans are absolved from responsibility. However, it's a response to most uneducated uninformed liberals who say Bush fucked everything up. Bush definitely had a hand in it but Obama is going at speeds Bush didn't even have, and it started with Clinton removing the cap from bank loans, which was placed by FDR and for good reason.
The blame goes to both parties.
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Both parties, in my opinion, share the blame equally along with greedy bankers, stupid buyers and greedy CEO's.
Clinton did help remove the cap on bank loans. If I understand correctly that was part of the bill put forth by Gramm. Clinton signed the bill, but it was passed by a republican house and senate. So everyone involved has to shoulder the blame.
Obama is going at a quick rate but you could argue it is because he is trying to deal with a landslide that has been slowly building for years and just now hit avalanche status. I don't know if everything Obama is doing is good. Maybe it will work, maybe it won't. I'm not one of those people who will insist that his actions will cause us to head into an unprecedented economic collapse, nor am I someone who thinks his actions will save the nation. In the end I think the nation saves itself and the leader will take the credit.