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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (489474)6/20/2009 10:06:25 PM
From: bentway3 Recommendations  Read Replies (1) | Respond to of 1576643
 
"Obama is no FDR, that's for sure. "

Obama learned from FDR, and spent enough stimulating the economy to, it seems so far, short circuit the looming Bush Depression.

The vast majority of Americans know this, but are still uncomfortable with the level of spending. But, the fault lies with Bush allowing the shadow banking system to operate completely unregulated through his entire term, greedily take on WAY too much risk, and inevitably collapse.

I'm sure Bush was ashen realizing that this could even dwarf Iraq as the top historical blunder of an American president. Bush nailed TWO.

We should be thankful that providence had Obama follow Bush. We could have been truly well and thoroughly screwed.



To: i-node who wrote (489474)6/24/2009 7:48:49 PM
From: TimF  Read Replies (1) | Respond to of 1576643
 
Obama is no FDR, that's for sure.

In some ways that a good thing. FDR was more radical in terms of extending government control over the economy. (Of course Obama's starting from a much higher base, hard to extend it the same amount without instituting a communist system)


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