>> Presidents who have the economy in the ditch on their watch rarely are well thought of in the future.
Well, I can think of Hoover and Carter as examples -- but Carter's problems were far more widespread than that. According to the Clinton Gang, Bush 41 left behind "the worst economy in 50 years", yet he is ranked almost as highly as Clinton himself, and Clinton has been credited with the greatest economy of the century.
It is, of course, all bullshit.
More importantly, while Bush is CURRENTLY a nice target for laying off of the economic problems (what, with Obama refusing to take any responsibility even though the market is down more than 2000 points SINCE he was elected, and his repeated attacks on Bush every time he speaks), the reality is they aren't Bush's creation and everyone knows it.
Nobody has been able to point to anything Bush did or didn't do as a legitimate source of these problems. If anything, the Dems in Congress are responsible for rules that set up the mortgage crisis -- if you want to blame it on "a person".
Hoover is blamed because he is perceived to have failed to take any action (which isn't exactly correct).
While the New Deal did help put people back to work, it was a temporary fix, as I've previously shown you. The Depression continued until WW II. So, why is FDR credited with eliminating it when we had far more years of depression with FDR than with Hoover?
The answer, I believe, is that FDR came into office with a new brand of optimism that people needed. It brought confidence, the temporary turnaround in the jobs situation made people BELIEVE the economy was improving, he got rid of prohibition, in general, people felt better. And that's what it takes.
Contrast that with Obama. "...the only thing we have to fear is fear itself" versus "this is going to get much, much worse. It is a disaster. The worst economy since the Great Depression. If we don't pass this legislation for new social programs, we're all going to starve".
Obama is doing it to himself. I'm not sure what his objective is, but the more he talks down the economy the worse it is going to get. |
