NYT Reports Economic Nightmare And Leaves Obama’s Name Out : The Last Resistance
Many people still blame Bush for the economic meltdown of 2007. I don’t blame them. Bush worked with Greenspan and then Bernanke to maintain incredibly bad monetary policy that resulted in malinvestment and fake wealth that could only vaporize when the inevitable collapse came. Furthermore, even though some Republicans saw problems ahead with the sub-prime mortgages, Bush did all he could to promote them as part of his “ownership society.”But Obama is continuing the same policies to the point of self-caricature. Furthermore, he has taken credit for the “recovery” which means he must be admitting responsibility for the unprecedented problems involved in it:
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