yytz
You fail to address many of the points.
I raised yes the securatization of mortgages caused the Financial crisis, however those “financial products” only came about becuse the Government essentialy forced Financial Institutions to grant those loans.
Once the Government forced the banks to create those products the banks found a way to make money on them.
And again it was the Conservatives who recognized the underlying problems these loans were causing and tried to reign in Fannie and Freddie.
This is a matter of Public Record as the Clip of a House Commitee heaing where Republican Congreesman were quite concerned at what was going on is availible on You Tube and it is veiwable to one and all that it was Democratic Congressen who essentially accused them of Racisim.
Furthermore you fail to address the point that the unemployment rate of the USA is only comparable to Europe if one accepts the current high unemployment rate as a long term proposition.
8% unemployment is “normal and even low in Europe it is not in the USA where unemployment is sin a normal economy is half of that.
Furthermore it is hard to understand how one can view any Socialist large scale economy as sustainible when Historically they have never been so.
In fact all the “Socialist” programs in the USA are currently unsustainible and all economists acknowledge this.
They furthermore acknowledge that they will have toi be cut so how does adding to them make them more sustainible.
And I furthermore fail to understand how Obama contiues to be allowed to blame his economy on Bush.
Reagan inherited an economy from Carter that by the numbers was far worse then the one Obama inherited.
Reagen implemented Pro-Growth policies (to be distinguished from austerity) that resulted in an Economic Boom.
Bush inherited an economy that was in recession whent the dot-com bubble burst and some of the biggest corporations in America disapeared (Enron,WorldCom, Arthur Anderson) and was quickly followed by a body blow to the US economy with the heart of the financial district being obliterated on 9/11.
Yet Bush’s policies led to sustained long term record low unemployment of around 4%.
Obama has pumped trillions into the econonomy, he has turned the USA from the World biggest Economic Power into what is increasingly looking like the EU on steroids and he still blames Bush?