Obama said that republican policies drove the economy into a ditch. What policies is he referring to?

The policy he is referring is the housing policy that the Dem run congress drove into the ground via Fanny and Freddie.

Fannie and Freddie were the beginning put together by Chris Dodd and Barney Frank

After Fannie and Freddie everything else began to fall yeah GW was Pres but the House and Senate were Dem controlled .

-Reintroduction of 'trickle-down' voodoo economics by cutting taxes for the wealthiest earners.

-Pre-emptive engagement in TWO wars without first funding them.

The SPECIFIC mistakes Republicans made were basically two in number;

1. They trusted Karl Rove

2. They trusted Don Rumsfeld

The great irony is that if Republicans had insisted George W Bush follow CONSERVATIVE policies, that Old man and his witless beauty-pageant winner sidekick would be in the White House today...

Giving huge tax breaks to the top 2 percent of money makers in the US.

Promoting a stupid unnecessary and dangerous war in Iraq costing trillions of dollars to US taxpayers.

Promoting stupid expenditures to repair infrastructure in war torn Iraq with single service contracts to companies like Brown and Root and Haliburton.

All of this crap is unmentioned by the currant Democratic Administration which is just as stupid.

thanks

Is he incorrect? the persons of this united states of america could call for greater from politicians than what the republican social gathering has offered because of the fact it somewhat is been out of potential. they could earn their place back into potential, particularly after what they did to the country, no longer in uncomplicated terms scream on the perfect of their lungs with out single answer to the themes they disagree with. it somewhat is the assumption of the dependable opposition. they provide options, no longer in uncomplicated terms meaningless speaking factors. "The financial device became doing advantageous decrease than Bush until the dems took over the domicile in 2006. as quickly because of the fact the dems took over I knew that this united states of america could flow down the drain and converted my 401k into gold. That became a extremely smart flow on my section. If the dems had no longer taken administration in 2006 and gained the white domicile, i've got confidence that we would nonetheless be in reliable shape." Are you severe? it incredibly is the dumbest factor i've got ever heard. This united states of america suddenly met the floor because of the fact of unchecked republican legislations from 2000-2006. the reason they have been pushed out became because of the fact republicans have been screwing this united states of america financially. the reason the democrats could no longer do something became because of the fact any good piece of legislations they surpassed became vetoed via Bush. the financial climate is ALL on the republicans shoulders, a minimum of up until Obama took place of work.

The policy of spending hundreds of billions of dollars on pet pork projects and inane, pie-in-the-sky social programs. Hey, wait--you said "Republican policies".

Tax cuts for the rich when we we entered into two wars (this had NEVER been done before).

No regulation of Wall Street.

Denial that there was a mortgage crisis.

No energy policy.

Bush's Accomplishments

National Debt Increase: $4.9 trillion.

National Debt as of Jan. 15, 2009: $10.6 trillion

Debt when Mr. Bush took office: $5.7 trillion

(Source: U.S. Treasury Dept.)

Number Of Political Fund-Raisers Attended By President Bush: 338

Amount Or Money Raised At These Fund-Raisers: $802,586,070

(Some campaigns refused to disclose the amounts)

U.S. Military Deaths In Iraq: 4,228

(Source: Dept of Defense as of Jan. 16, 2009)

U.S. Military Deaths In Afghanistan: 634

(Source: Dept. of Defense as of Jan. 16, 2009)

Number Of Visits To Camp David: 149, totaling all or part of 487 days.

Number Of Visits To His Parents’ Home In Kennebunkport, Maine: 11, totaling all or part of 43 days.

Number Of Recess Appointments: 165 (Source: Senate Historian)

Vetoes: 12, including 1 pocket veto.

(President Bush did not cast his first veto until his sixth year in office - a measure to extend federal funding of stem cell research.)

probably the one where all restrictions were lifted for financial loans. This caused banks to dispense loans to anyone who wasn't homeless. There are stories where people who didn't have jobs were getting loans, as long as there was "promise" of future income. This is what led to the financial home loan crash.

hmmm BUSHES TAX CUTS WERE FOR EVERYONE.

@ reality -- there were no tax cuts only for the rich, they were for every class. now the liberals want to continue the middle class tax cuts but raise the riches taxes. you wait and see how many jobs will come from that. soon you will see people leaving the united states because you dont have to run a company in the US when its cheaper to have it headquartered somewhere else.

The policies Obama chose to ignore, so he would have someone to blame for the mess.

Deregulated banking and derivative markets (Reagan, Bushes promoted, and to be fair, Clinton as well)