WASHINGTON (Reuters) –
U.S. President Barack Obama benefits
from a broadly held perception that others bear the bulk of
responsibility for state of the U.S. economy, according to a Washington
Post/ABC News poll published on Tuesday.
U.S. President Barack Obama benefits
from a broadly held perception that others bear the bulk of
responsibility for state of the U.S. economy, according to a Washington
Post/ABC News poll published on Tuesday.
Asked who was responsible for theeconomic meltdown,
80 percent in the poll blamed banks, financial institutions and
corporations. Some 70 percent also blamed consumers for taking on too
much debt and the formerBush administration for lax regulation. Only 26 percent said the Obama administration was not doing enough to turn the situation around.
Two-thirds of respondents approve of the way Obama is handling the
presidency, and 60 percent approve of the way he is handling the
economy.
A.
So according to the morons who DO blame Obama for the Great Recession, Admiral Chester Nimitz must have been responsible for allowing the Japanese Imperial Navy to bomb Pearl Harbor and get away unscathed? Because Nimitz replaced Adm. Husband Kimmel, who was actually in command on Dec. 7 1941. But the fiasco obviously wasn’t his fault. Because he was in command when it happened. It was the guy that came afterward who was REALLY to blame. Right?
Not total idiots. But I still wish they thought deeper.
Watched a snippet of a news program this weekend on deconstructing the Reagan myth. Part of it was that the rampant CEO salaries went wild under Reagan. Not to mention deregulation, etc.
While I think the banks were idiots to get caught up in the trash they entered, they were only being good capitalists – instead of being able to see that we need a mixture of capitalism and restraint. Some of the blame has to lie with the toddler-like Totally Good / Totally Bad worldview instead of being able to see nuance.
Can I pick choice D, all of the above? Obama’s not doing enough. Cash For Trash II: Financial Boogaloo is a disaster waiting to happen and the stimulus was too small by at least half. But Obama inherited the mess, he didn’t create it. The aforementioned banks, financial institutions and other corporate bad actors (and the Bush administration, surprise surprise) deserve most of the blame for creating the mess, with some small share left over for those consumers who gleefully bought in to deals too good to be true. (Ninja loans? Really? People on both sides of the desk couldn’t see that these were a bad idea?)
the gnews obviously are not WERKING hard enough to tell america the trewth.