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It's pretty laughable that anyone would think the recession is Obama's fault, considering the economy tanked long before he even got elected, much less took office. The recession is caused by a 30 year war on the middle class by greedy bastards who are already richer than God and who's only goal is to make even more money. It shouldn't have happened yet, but its timing was artificially accelerated because Bush, unlike the previous three presidents, managed to markedly intensify the attack.
"I don't care about the economy, I care about jobs" is a rather famous quote of his which not only demonstrates a profound lack of understanding of. . well. . anything, but also lends to an understanding of how we're in this mess at this time. Bush thought it was just fine if a well-paid middle class corporate worker lost her job and had to go work for Merry Maids for minimum wage. He either didn't understand or didn't care (IMO the latter, but we'll be nice and give him the benefit of the doubt) that people taking massive wage cuts meant they wouldn't be able to honor the financial commitments they had made. Add to this the fact that people were already getting risky mortgages and other bank loans (thanks not only to Bush, but to Clinton/Bush before him helping to deregulate the industry) and you have a very well-crafted financial disaster in the making.
This is actually good news for republicans. The rich elite have enough money to weather this economic storm, and with the economy in chaos, Obama and the congressional dems can't work toward any of the progressive (read: helping the majority of the country) ideas they have because they have to expend all their energy just trying to keep the country's head above water. By the time Obama gets us back on the road to financial recovery (4 years minimum, probably closer to 8) people will start listening to the "smaller government" crap that the republicans like to lie about and they'll be able to once again continue the raping and pillaging of the country's economy.
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