baseman posted:Nah, I do understand and sympathize. It's was not Bush's doing, this was a cycle about to make a hard landing.
Clinton came to power as a weak president, because he didn't control the House and the aggressive Newt Gingrich had it in for him.
In order to get anything done Clinton compromised. He militarized the criminal justice system, "ended welfare as we know it", caved into NAFTA, and refused to streamline regulation and oversight as the financial sector became greatly transformed.
So yes Clinton certainly can share PART of the blame, but then Bush had 8 years to undo the Clinton/Gingrich damage. In fact it got WORSE under Bush.
That is why the collapse of the housing sector and the implosion of the financial sector occurred after OVER 7 years of Bush rule.
Bush controlled BOTH the House and the Senate. As a result of his actions, the Great Recession plunged the WORLD into misery, and many have yet to recover from it.
Interesting to note that the USA has the HEALTHIEST economy globally, among the larger economies! Not good, and I remind Kari of this, but BETTER than Europe, or the BRIC nations!