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Obama fails yet again...
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<blockquote data-quote="diesel96" data-source="post: 611568" data-attributes="member: 9859"><p>Why leave out the Fed Reserve, a body independent of the president, played a key role in setting monetary conditions and supervising the banking industry.</p><p> The Federal Reserve allowed interest rates to drop so low that credit became so cheap and easy fraud resulted. Treasury is dragging its feet working with credit markets and banks to solve the issue.</p><p>Mortgage and Housing crisis: Bush government did not enforced consumer and credit laws and allowed all these crazy mortgages to be offered.</p><p>Energy: Bush did not push hard enough for an energy program and oil prices have risen 200% since 2001.</p><p></p><p> So if the economy was doing swell, you'd give Bush all the credit in the world, right? But since the economy tanked, (recession) the Ex-President and his supporters will usually say it is the fault of his Democratic "only" predeccessors Clinton(8yrs ago)--Carter(30yrs ago)--and LBJ(40 yrs ago).....</p></blockquote><p></p>
[QUOTE="diesel96, post: 611568, member: 9859"] Why leave out the Fed Reserve, a body independent of the president, played a key role in setting monetary conditions and supervising the banking industry. The Federal Reserve allowed interest rates to drop so low that credit became so cheap and easy fraud resulted. Treasury is dragging its feet working with credit markets and banks to solve the issue. Mortgage and Housing crisis: Bush government did not enforced consumer and credit laws and allowed all these crazy mortgages to be offered. Energy: Bush did not push hard enough for an energy program and oil prices have risen 200% since 2001. So if the economy was doing swell, you'd give Bush all the credit in the world, right? But since the economy tanked, (recession) the Ex-President and his supporters will usually say it is the fault of his Democratic "only" predeccessors Clinton(8yrs ago)--Carter(30yrs ago)--and LBJ(40 yrs ago)..... [/QUOTE]
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Obama fails yet again...
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