Friday, October 19, 2012
The next time a Democrat wants to argue that the economy is Bush's fault, that he made it so bad that no president, according to Bill Clinton, could fix it in just four years, offer them facts: In 2006, the economy under Bush was just fine. Full employment was a reality. Then, after a six-year Bush-bashing by the Democrats and the once-great mass media, in November, 2006 Democrats won control of the U.S. House of Representatives and the U.S. Senate. In 2007, the great recession was under way. By May, 2008, the great recession began to gain speed, fueled by the Clinton era mortgage crisis caused by banks being forced by the Federal goverment to grant home loans to unqualified borrowers. In November, 2008, Barack Obama was elected president. For the next two years, Democrats controlled the U.S. House, the U.S. Senate and the U.S. presidency. In 2009 and in 2010, the great recession worsened. In November, 2010, Republicans won control of the U.S. House but were unable to win control of the U.S. Senate. President Obama continued to have most everything his way, the ecomomy got worse, and our standing in the world became diminished culminating with the most recent disaster in the middle east. 'nough said?