Mr. Shaman
Well-Known Member
- Joined
- Nov 27, 2007
- Messages
- 7,829
Yeah.....better get ready for THAT one......again.
"As the American economy plunges deeper into crisis, the conservative chattering classes are hoping for a replay of their 2001 blame game. Having successfully perpetuated the myth that President Bush "inherited a recession" from Bill Clinton, right-wing mouthpieces from Rush Limbaugh to Fred Barnes began blaming Barack Obama for the Bush recession literally within hours of his election.
Lil' Dumbya's Munchausen-Recession - 2003
"This economic downturn, quite simply, is the fault of President Bush.
It wasn't his tax cut, as the Democrats claim. The tax cut has not had enough time to have any positive or negative effects it will have.
What caused this economic downturn goes back to when George W. Bush was merely President-elect, waiting to take office, and continued on through his first six months in office.
Repeatedly, President-elect, and then President, Bush talked about how the economy was in trouble. Arriving in office following the longest continuous economic upturn in generations, President Bush seized on a stock market that had faltered some in the uncertainty following the 2000 Presidential election.
The "bad" economy, he talked about. Again and again. The "bad" economy.
You know what happened as a result? I can tell you from my personal experience, the CFO of the corporation I was working for called a meeting and said, "The President keeps talking about the economy being 'bad.' Now, things don't seem bad, but let's just hold off on any new hires until we see how this pans out. And, let's hold off on all non-vital purchases, just for the time being."
And you can see right there how simply the words of President George W. Bush started slamming the breaks of the economy."