Where Davidson Deac runs with it:
Obsessed? So the recession that happened under bush isn't partially his fault?
Riveting tale, chap.
I just ask if you guys were going to continue to be obsessed with Bush jr. You are the only one who said anything about whose fault the recession was. But since you brought it up.
Recessions generally aren't the "fault" of any specific president. In fact, given the size of the US and World economy, in most cases blaming the president is simplistic and mostly a result of bombastic partisan politics. There are a few cases in which specific policy decisions by a president or the government led to a recession (for example the recession of 1937) but for the most part, they happen for a number of reasons, most of which have very little to do with government policy. George W Bush didn't cause the recession of 2008. He played a role, just as many others (republican, democrat, or none of the above) did, but it was a relatively small one. The forces that caused the 2008 recession had been building longer than many of the posters on this board have been alive.
People like to say that the crisis was caused by shortsightedness, stupidity, and greed. They may be partially right, but those conditions are always with us, and its highly unlikely that they were any worse from 1990-2007 than during previous times in our history.
IMO, it was just part of the economic cycles that have been occurring since our country got started. Worst than many, but certainly not the worst. And while many want the government to try to legislate recessions into history (and Obama is certainly trying), IMO thats impossible and we are always going to have them. They come, we rebound eventually and do well for a while, only to see it all happen again.
You should read a book called This Time its Different.
With most of the fluff removed:
Recessions generally aren't the "fault" of any specific president. George W Bush didn't cause the recession of 2008. He played a role, just as many others (republican, democrat, or none of the above) did, but it was a relatively small one.
You saw the word fault in the same sentence as bush and assumed I blamed him for the whole thing, just so you could go on your little rant
Ah well it was still a cool story bro even if it had nothing to do with me or what I said.