Originally Posted by Markos
I think Matt fails to see that Bush gave Obama a 1.3 trillion-dollar deficit on Inauguration Day as well as a collapsing economy of daunting proportions which required a lot of action and spending by government.
And all those hysterical right-wingers with no solutions of their own act as if Obama started with a clean slate.
There is certainly a continuum to public events which ties one political figure to the actions of past ones. But in this case the argument that Obama was saddled by Bush with all these terrible fiscal and economic problems would be a more significant if Obama supporters could clearly show his opposition to Bush policies. But look carefully at who was one of the most favorite politicians getting Fannie campaign contributions? Who voted for TARP immediately (while his supporters impugned John McCain's sanity for holding back at least a little while)? Who appointed Tim Geithner to continue the various schemes to recapitalize finance companies with public funds? Who decided to drop several more billion into GM that it seems quite likely the public will not recover? Easy to blame Bush, but let's hear an argument that conditions are significantly different than if Obama had been President since January 2008, for example. Maybe Bush fouled up, but Obama, at this point in his Presidency, does not represent much in the way of change.