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"I keep hearing the president say that he's responsible for keeping America from going into a Great Depression," Romney said. "No, no, no. That was President George W. Bush and [then-Treasury Secretary] Hank Paulson."
Though Romney has previously spoken in support of the Troubled Asset Relief Program, the full-throated defense, and the credit he gave to Bush, were surprising and seemed to open a new front in what's likely to be a major theme of the general election -- the relitigating of Bush's record in office. Democrats frequently point to Bush's policies as the source of the economy's continued tribulations, while Republicans say Obama hasn't done enough, or hasn't done the right things, to turn it around.
During the 2008 crash, Romney said, "President Bush and Hank Paulson said, 'We've got to do something to show we're not going to let the whole system go out of business.' I think they were right. I know some people disagree with me, but I think they were right to do that."
Originally posted by David9176
IDIOT. He's a damned idiot!! How could anyone say something so incredibly stupid? Bush left this economy in complete peril...yet Moneybags Romney makes him out to be a hero????
In the first 2 ½ years of the Reagan recovery, the American economy created 8 million new jobs, the unemployment rate fell by 3.6 percentage points, real wages and incomes were jumping, and poverty had reversed an upsurge started under Carter, beginning a long-term decline. While Obama crows about 227,000 jobs created last month, in September, 1983 the Reagan recovery less than a year after it began created 1.1 million jobs in that one month alone. In the second year of the Reagan recovery, real economic growth boomed by 6.8%, the highest in 50 years.
In contrast, under President Obama, unemployment actually rose after June 2009, when NBER counts the recession as officially ending, and did not fall back down below that level until 18 months later in December 2010. Instead of a recovery, America has suffered the longest period of unemployment this high since the Great Depression. Even today, 51 months after the recession started, the U6 unemployment rate counting the unemployed, underemployed, and discouraged workers is still nearly 15%.
And that doesn't include all the workers who have fled the workforce under Obama's economic oppression. Under Obama's supposed recovery, the number of working age Americans not in the labor force rose by 7.14 million. As John Lott and Grover Norquist recently observed, "There is no comparable post-World War II 'recovery' where this type of exodus has occurred."
Originally posted by ILikeStars
I sincerely believe that the Republicans have absolutely no intentions whatsoever of taking over the white house next election.