Saturday, January 02, 2010

the bush economy

For the years 2000-2009, the US economy generated zero net jobs. None, nada.

For eight of those ten years, we were enduring the de facto administration of George W. Bush and Dick Cheney, friends of Wall Street and Big Oil.

It would be not entirely accurate to blame the current economic woes solely on Bush/Cheney. Our financial regulatory system is completely out of whack, due in large part to financial deregulation ("un-regulation" would be a better word) by Congress in the 1990s - mostly Republicans, but some Democratic abettors, legislation signed by Clinton.

But this does underscore the absurdity of blaming Barack Obama for the current economic climate. Not that this would stop Obama haters from doing so; there's isn't a rational opposition.

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