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Anyone see this?

Leading conservative economist Bruce Bartlett writes that the Obama-hating town-hall mobs have it wrong—the person they should be angry with left the White House seven months ago.

Where is the evidence that everything would be better if Republicans were in charge? Does anyone believe the economy would be growing faster or that unemployment would be lower today if John McCain had won the election? I know of no economist who holds that view. The economy is like an ocean liner that turns only very slowly. The gross domestic product and the level of employment would be pretty much the same today under any conceivable set of policies enacted since Barack Obama’s inauguration.

Until conservatives once again hold Republicans to the same standard they hold Democrats, they will have no credibility and deserve no respect.

Answer Question

Asked by sweet-a-kins at 10:57 PM on Aug. 13, 2009 in Politics & Current Events

Level 34 (67,502 Credits)
Answers (17)
  • In January, the Congressional Budget Office projected a deficit this year of $1.2 trillion before Obama took office, with no estimate for actions he might take. To a large extent, the CBO’s estimate simply represented the $482 billion deficit projected by the Bush administration in last summer’s budget review, plus the $700 billion Troubled Asset Relief Program, which George W. Bush rammed through Congress in September over strenuous conservative objections. Thus the vast bulk of this year’s currently estimated $1.8 trillion deficit was determined by Bush’s policies, not Obama’s.

    I think conservative anger is misplaced. To a large extent, Obama is only cleaning up messes created by Bush. This is not to say Obama hasn’t made mistakes himself, but even they can be blamed on Bush insofar as Bush’s incompetence led to the election of a Democrat.

    Answer by sweet-a-kins at 10:58 PM on Aug. 13, 2009

  • If he had done half as good a job as most Republicans have talked themselves into believing he did, McCain would have won easily.

    Conservative protesters should remember that the recession, which led to so many of the policies they oppose, is almost entirely the result of Bush’s policies. According to the National Bureau of Economic Research, the recession began in December 2007—long before Obama was even nominated. And the previous recession ended in November 2001, so the current recession cannot be blamed on cyclical forces that Bush inherited.


    Answer by sweet-a-kins at 10:58 PM on Aug. 13, 2009

  • Indeed, Bush’s responsibility for the recession is implicit in every conservative analysis of its origins. The most thorough has been done by John Taylor, a respected economist from Stanford University who served during most of the Bush administration as the No. 3 official at the Treasury Department. In his book, Getting Off Track, he puts most of the blame on the Federal Reserve for holding interest rates down too low for too long.

    While the Fed does bear much responsibility for sowing the seeds of recession, it’s commonly treated as an institution independent of politics and even the government itself. But the Federal Reserve Board consists of governors appointed by the president and confirmed by the Senate.

    Answer by sweet-a-kins at 10:59 PM on Aug. 13, 2009

  • yeah. people are just racist on here

    Answer by staceynoel at 11:10 PM on Aug. 13, 2009

  • yeah. people are just racist on here



    Answer by sweet-a-kins at 11:11 PM on Aug. 13, 2009

  • "yeah. people are just racist on here "


    Answer by mancosmomma at 11:33 PM on Aug. 13, 2009

  • The point that most people miss is this: It's the Democrats' AND the Republicans' fault! They BOTH FAIL!!!! Would things be better if McCain had won? Would they be worse? Highly doubtful.

    Both. Parties. Are. Wrong. Get it???

    I am so sick of these pitiful posts playing one side against the other, and people on each of these sides trying to defend their own respective side while relentlessly attacking the other. They all have their heads in the sand if they think their own side doesn't hold just as much responsibility for this mess as the other side.

    We need viable third parties so bad, I feel that it's the only hope we've got at saving this country.

    Answer by Anonymous at 11:35 PM on Aug. 13, 2009

  • I hate them all. What's your point?

    Answer by lovinangels at 11:40 PM on Aug. 13, 2009

  • Wait, not in a let them die way. Please don't send the secret service to my house.

    Answer by lovinangels at 11:43 PM on Aug. 13, 2009

  • Sweet, you are by far the best cut and paster I know! It is a shame you can't use that skill to understand that most fiscal conservatives are equal opportunity when it comes to blaming political parties.

    Nobody knows how things would have been with the economy right now if McCain had been elected. We do know that we wouldn't have had a president spend more in just 100 days than all the other presidents together in the history of the country.

    The recession is at the bottom of the worry list for a lot of us. We are concerned about the out of control spending, the taking over of industries, the power grabs and the back scratching.

    Finally, the cause of the recession was established long ago. The housing crisis was caused by Fannie/Freddie and the desire of the DEMS to have everyone own a house. There's a little more depth, but you get the picture.


    Answer by yourspecialkid at 11:45 PM on Aug. 13, 2009

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