Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.
Trending News
Why are some Con's on Y/A blaming Obama for the state of the economy?
Why are some conservatives on Y/A blaming Obama, who has been in office less than two months, for the state of the economy in one breath yet extolling the virtues of Reagan's economic policies in the next breath. According to the posted article, unemployment was at a high in 1983, well into Reagan's term as president. Why the double standard from some of the posters here?
Edit: Cody, maybe some will, maybe some will not, but it is beside the point. Is Obama to blame for this stock market decline since he took office? If so, do you blame GWB for the decline over the eight years he was president? Do you blame Reagan for the rise in unemployment for the first 3 years of his presidency?
11 Answers
- Anonymous1 decade agoFavorite Answer
They live in a state of denial.
- as.erwinLv 61 decade ago
I haven't heard anyone blame Obama for anything except not caring about the economy, or doing anything to fix it.
The Democrats took over congress in 2006 (which included Obama, by the way) and since then it has tanked... that is just a fact.
Another fact is that Obama's administration admits that we will come out of this recession at about the same time with or without his "stimulus" (link below).
I blame him for lying and fear mongering. He used the economy to get his agenda passed in the EXACT SAME manner as Bush used 9/11 to go into Iraq (which he had already planned on doing way before the attacks)...
But, for some reason... You are OK with it when it is Obama...
The only defense I have heard for Obama and his agenda are remarks like "where was your outrage when Bush did it!", etc... If that is all you have, then you lose the argument... they are either both right, or both wrong! You can't have it both ways!
Source(s): http://www.cbo.gov/ - Anonymous1 decade ago
FYI there wasn't a decline in the stock market for 8 years of the Bush presidency. In fact it reached record highs.
- Kwanzaa BabyLv 51 decade ago
Because The Obama took a Democrat created problem that was started since the Dems took over the House and Senate and made it worse by forcing Socialism instead of a fix.
- How do you think about the answers? You can sign in to vote the answer.
- Anonymous1 decade ago
March 6 (Bloomberg) -- President Barack Obama now has the distinction of presiding over his own bear market.
The Dow Jones Industrial Average has fallen 20 percent since Inauguration Day, the fastest drop under a newly elected president in at least 90 years, according to data compiled by Bloomberg.
- DARLv 71 decade ago
Because the unprecedented amount he has spent in that short time not only massively burdens the struggling productive sector, the 'Must Meddle' attitude is scaring off investors who don't want their capital subject to Pelosi's whims.
What if some OTHER mouse in her district needs help?
- Anonymous1 decade ago
I think because people tend to make more noise when they have something negative to say. So it's bitchfest 2009. lol. PLENTY of Americans are satisfied with Obama's strides thus far, but it's more fun to ***** than praise, isn't it? Whine whine whine. YAWN
- 1 decade ago
Because Cons are never wrong.
If unemployment was high during Reagan's term, it was Carter's fault.
I thought everyone knew that.
- 1 decade ago
They are blaming him because he is a democrat. That is the only reason why.