Bush Failures May Force McCain, Obama to Make Like FDR in 2009

Bush Failures May Force McCain, Obama to Make Like FDR in 2009

www.bloomberg.com

The next White House occupant will inherit the deepest housing recession in a generation, growing fears of bank failures, a sinking dollar, $4 gasoline and an economy bleeding jobs. He'll confront wars in Iraq and Afghanistan, mounting tensions with Iran and the U.S.'s flagging international reputation.

Historians say the economic and foreign policy crises in Bush's wake will present either Democrat Barack Obama or Republican John McCain with the biggest challenges to a new president since Herbert Hoover left office during the Great Depression.

"What a burden the next president is going to confront,'' says Robert Dallek, a presidential historian and biographer of Presidents John F. Kennedy and Lyndon Johnson. ``It'll be like Franklin Roosevelt coming in, in 1933.''

(visit the link for the full news article)



[edit on 21-7-2008 by gottago]

No, the article is not from Raw Story or Alex Jones, it's from the financial news giant, Bloomberg.com, and the specter is raises--of a USA in conditions likened to the Great Depression--is only exaggerated in degree.

No matter who takes Bush's place, I doubt either will be the likes of FDR.

www.bloomberg.com
(visit the link for the full news article)