Why does Obama still Blame Bush for our economic woes?

probably because this is the liberal way and they basically do not fact check anything. you are 100% correct in that this goes back to carter. also, you may note that everyone of the obama economic failures are a dismal failure. the housing crash is due to the Dem's and they should take credit for that. but sort of goes along with the 4 million jobs that obama claims to have created. just will not tell what that info is based on. also now taking credit for spending cuts - using the tarp money that was paid back. no wonder we are bankrupt. accounting according to obama.

ABO 2012

I cannot very likely be in my correct mind and not consider you. I do not blame Obama..That is for the ignorant, undereducated, non thinkers who have been mind washed via the Fox 5 community and Rush Limbaugh, Sean Hannity, Sarah Palin and the grasping money grubbing corporate businessmen. What can one do to coach them? Yell lots? I have no idea. I do recognize that corporate fascism is slipping into position and the men and women are too dumb to peer it. Liberal is a curse word? Being human and being in charge for your brother is unsuitable? Where are all those religious individuals who think they're there brother's keeper? They simply supply lip service to their religions and don't learn the phrases that Jesus spoke. It is a shame that lies and innuendo have taken the location of schooling and reality. Bad america is fitting a third world country and our men and women are hungry, reside in poverty at the same time the wealthy preserve getting richer and richer and richer......

WOW

Are you misinformed.

CRA 'forced' the banks to make loans? No it didn't. It made the qualifiers less, it deregulated the process but no bank was ever 'forced' to make a loan. If that were true then every bank in the US would have had huge losses when the market crash, they didn't. And it was not Carter who signed CRA into law, it was Clinton under the disguise of financial market reform.

I noticed how you never said a word about the repeal of Glass-Steagal by the Republican Congress in 1999. Many warned at the time that the repeal would cause financial market collapse in the near future. And it did.

I would not just blame Bush for our current economic woes. It goes back even further to Reagan and the past 30 years of failed Republican economic policies (and yes I would include Clinton in that mix).

Yeah, the republicans also took that same advice from Saul. Government take over of healthcare, Politifact lie of the year. Hypocrisy aside.

There's plenty of blame to hand around. Yes, banks were made to take on some bad mortgages, but it's partly their own fault. They know the finances of the loan taker and they give them a low interest rate to start with. Then, after a few years, that adjustable rate jumps up and, big shocker, they can't afford the new payment. Then the banks took all these failing mortgages, did some number magic to make them look nice, and sold them off as assets to, among other things, retirement funds. This is like a baker selling you what he promises is a blueberry pie, but is actually full of chopped liver.

Bush and his continued deregulation helped this happen.

That isn't true. What you really don't understand are the facts. "Financial institutions all over the world were flooded with billions and billions of toxic assets and the housing market crashed, which was the first domino to fall." US financial institutions were up to their ears in securitizing mortgages and selling them off to investors as Triple A assets on the unproven theory that slicing and dicing mortgages somehow made the mortgage interest rate risk and the real estate asset value risk fade to levels that were meaningless. If they did not actually know about all the fraud that was occurring at the sub-prime mortgage level and the manipulation of real estate values nonetheless they collectively minimized these concerns via a worthless risk assessment model and the understanding that most of them were "too big to fail" and would be rescued by the federal government should one or more of them fail, which is what happened.

If you feel it was the responsibility of the federal government to evaluate the assumptions and risk models employed by these financial institutions, then you are a bigger advocate for the "nanny" state than most of the laisez-faire Republicans. If you aren't, then you must take seriously the risk that too-complex-to-manage financial institutions pose when they are also too big or too interconnected to fail because of the damage that would befall the financial and real economies.Unfortunately, you are neither of those things, which makes you a proud and profoundly uninformed and irresponsible horse's @ss. Don't worry, you are the norm in today's Republican party so you'll have plenty of fellow ignoramuses to listen to your theories during the Romney years as we go through the same sh!t all over again.

The guy who learned the most from Alinsky, in fact, would appear to be Karl Rove. But that's another story for another day.

Elect Tom Barrett (D) Governor of Wisconsin next Tuesday, JUNE 5th and re-elect Barack Obama (D) in November. Vote for YOUR interests in middle class jobs, economic growth, civil rights, and, in particular, voting rights, renewable energy, great public education, affordable health care that does not discriminate on the basis of pre-existing conditions, and for honesty and integrity in public officials. Vote Democratic across the board in 2012 and maintain the momentum of 26 months of private sector job creation and millions of new jobs with more to come.

Vote for Tom Barrett (D) on Tuesday, JUNE 5th for Governor of Wisconsin. You don't have to settle for a Republican who is happy to front for undisclosed special interests whose interests are inimical to a real democracy, the one the Founding Fathers envisioned, and to YOUR economic and social interests.

Vote Democratic in 2012.

If you tell people something long enough they begin to believe it. Obama has lied to the public for so long that the general public has believed his lies.

Because the liberal media will keep printing that story for him and playing the sound clips.

narcissism. along with ideology in general. social engineering requires situation ethics. the carnage of the housing market and other affirmative action legislation is seen as justified to fit their idea of social justice.

Why do republicans say the solution is deregulate and stop taxes?

And how is it that credit default swaps that basically convert private debt into public debt through equity not considered redistribution of wealth?

Obviously expecting disclosure about types of trades, and having capital requirements is how a rank amateur would run business.

Democracy is as big as government can get.

"for the people by the people"

No wonder they want a small government, the smaller the government, the fewer people have power.

Saul Alinsky? Hermann Goebbels (sp?) said that.

It might have something to do with the TRILLION DOLLAR WAR that was started over LIES to us. Or maybe the $700,000,000,000 bail out under Bush. Or the crash of the economy caused by the de-regulation of the mortgage industry. Or...

The Democrats aren't blameless in this either but there are hardly the only ones responsible. Saying that just shows you aren't paying attention.