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Originally posted by Wrabbit2000
I believe what both Bush and Obama have done or allowed to happen that is DIFFERENT and changed things is the regulations passed over the last 10-12 years combining to make Profit very very good (as always) but expansion and building very very bad. THAT is new. No expansion means no new jobs..or what we've watched happen. They go to nations that LIKE businesses building new things and huge new bases for employment and don't torture them through years of permits, red tape and court law suits just to open the doors on a new plant or whatever a business does.
Did Republicans deliberately crash the US economy?
Beyond McConnell's words, though, there is circumstantial evidence to make the case. Republicans have opposed a lion's share of stimulus measures that once they supported, such as a payroll tax break, which they grudgingly embraced earlier this year. Even unemployment insurance, a relatively uncontroversial tool for helping those in an economic downturn, has been consistently held up by Republicans or used as a bargaining chip for more tax cuts. Ten years ago, prominent conservatives were loudly making the case for fiscal stimulus to get the economy going; today, they treat such ideas like they're the plague.
Traditionally, during economic recessions, Republicans have been supportive of loose monetary policy. Not this time. Rather, Republicans have upbraided Ben Bernanke, head of the Federal Reserve, for even considering policies that focus on growing the economy and creating jobs.