03-02-2009, 12:21 PM
Ordinary Peephole Wrote:I find it amusing that Obama is getting so much flak for this.
Its like the guy who started the fire (Bush) is getting off scott free while the guy trying to put out the fire (Obama) is getting blamed for there being any fire in the first place.
I hate when the ignorant make me defend Bush but here I go....
This did NOT start with the Bush administration but he did not do much to prevent it.
This started with the Clinton administration where he deregulated and softened the criteria for lending. He put that shit Barney Frank in charge of the banking system and he proceeded to fuck it up completely.
Bush kept Frank in charge of this... problem #1.
Bush also was too freakin' nice on too many levels. He was stupid in areas where he should have put his foot down but instead he wanted to show how 'bi-partisan' he was and kept a good deal of Clinton's people in office instead of cleaning house like Obama did.
Unfortunately Obama thinks spending trillions of dollars on something that isn't working when Bush spent billions in the first place. The banks are NOT doing what they were supposed to do with the money long before Obama took office and he thinks that throwing more money at them after they wasted what was already given to them would help.
You can't spend your way out of this. I hope it works but I sincerely doubt it will. Who's going to pay this all back? How is Obama going to fund the things he wants? He has not yet said how on any of his spending plans.