Letter: Don't blame Bush for today's troubles
EDITOR: It's Bush's fault. Obama and the progressives promised in 2008 to cut the debt in half, keep unemployment under 8 percent and keep inflation down. They probably meant it.
Now, the debt has multiplied. Unemployment zoomed higher. Inflation is crushing the middle class. Obama said if he didn't turn things around by last fall, he'd be "a one-term president." Oops. But "it's Bush's fault" and Obama wants to "finish the job"?
Fact is, Clinton (D) set up the mortgage bubble with his forced "fair housing (whether you can afford it or not)" act. When Dodd-Frank (D) forced banks into the risky loans, Obama (D) voted with the 2006 Dem/Prog majority (under Bush). This triggered the collapse, despite assurances that "all is fine, get loans, spend money." Oops.
Fuel is needed to produce and transport everything you buy. We produce enough Obama algae to power one truck (at $35 per gallon) and only enough wind and solar for 4 percent of our economy, but Obama has already choked American oil and coal, forcing us to pay more for foreign fuel. We have enough outlawed fuels to make Middle East conflicts and world markets irrelevant for generations. Oops.
So how can progressives keep saying that jobs are up and inflation is down? Because Obama ordered his labor czar to report only those on active unemployment claims (not the 5 million more out of work) and his commerce czar to remove food and fuels from the indexes.
What about Bush, then? His responsibility ended in the little recovery of spring 2009. After that, Obama's policies (Obamacare, stimulus, etc.) were forced through by the progressive socialist "supermajority." Employers could no longer risk employing and investors couldn't risk lending. The economy dumped a second, deeper time. Oops.