Monday, January 25, 2010

Obama and the Economy He Inherited

"The full effects of the crash of 2007-2008 on the lives of regular Americans has yet to be fully appreciated. For most members of the middle class, their sense of financial well-being was largely based on the size of their 401(k)s and their equity as homeowners. After the collapse of stock prices and with the steep drop in home prices, many may never feel the same way again, or spend their money as confidently."--7 Things About The Economy Everyone Should Be Worried About by Dan Froomkin – Sun Jan 24, The Huffington Post

In the above quote notice how everything crashed in 2007-2008. Bush was president. Not Obama.

Now we want instant results--but a bad economy takes time--and everyone is blaming Obama for Bush's errors (to put it mildly).

Always remember where this bad economy came from. Not the Democrats and definitely not a Democratic administration. In 2007 and 2008 Bush ran the nation.

Give Obama a chance.

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