Scanning the Drudge Report this morning, I ran across these headlines:
Obama: Economic crisis 'not as bad as we think'
U.S. retail sales drop not as bad as feared
Wall Street set to extend gains for 4th session
Now we all know that the mess the economy is in right now is George Bush's fault, all we have to do is turn on the news or listen to an Obama press conference. There is no blame for Congress which the Dems have controlled for the last 2 years, with Obama as a part time member. There is no blame for Bill Clinton who is largely responsible for the ruinous lending policies that led to this downturn. There is certainly no blame for Obama even though a bad Wall Street sell off turned into a nightmare Wall Street sell off the minute he was elected.
It's Bush's fault because we are so close to his presidency.
Let me further be clear in that I believe Bush and the GOP held Congress that was in session before the current Dem Congress do have to take a fair share of blame.
My question though is, if the economy were to all of a sudden begin to make a recovery, who do you think would get the credit?
Now this is only a theoretical exercise because;
One, I do not believe the economy will make a sudden turn around, the ailments of the economy are too complex for a short term fix.
Two, I know who will get the credit and who will not.
Just curious as to what everyone else thinks.