Republicans try slight of hand on economic history
The United States economy didn’t fail over night. It took years of wrong decisions, neglect, cutting banking regulations and so on to get us here. The “Bush” years specifically. You remember when the Republicans controlled both the White House and Congress.
But now, as midterm elections near, Republicans think it’s time for President Obama to take ownership of it and stop looking back at what caused it. Now I’m not exactly clear what they want him to take ownership of? The loss of millions of jobs that occurred at the end of the Bush administration? The collapse of the financial system that occurred primarily because of the rampant deregulation and internal Bush policies that had government financial regulators cozy up with Wall Street? The “tax-cut-and-spend” policy of the Bush years that turned a trillion dollar surplus into a half a trillion dollar deficit? Or Republican stonewalling and filibuster threats to bold recovery efforts unless they were scaled down? And let’s not forget the conservative’s genuine wishes for “Hope for Failure” to Obama’s recovery policies.
After two year in office Obama can take ownership, but remember where he started…at the bottom. The economy is slowly improving . But the rich are losing the tax cuts that is the foundation of our current deficit and not getting richer fast enough for Republicans. So the new Republican slight-of-hand strategy is to be make the American people believe our current situation is all Obama’s fault.