Friday, March 2, 2012

The Audacity of Hype

Republicans have taken to referring to President Obama as the "food stamp President" claiming he chooses dependancy over personal initiative.  Their audacity is astounding in the face of simple basic facts.

Republicans controlled government policy from 1995 when they took over both house of Congress until 2009 when Mr Obama took office.  During that 14 year span they controlled both houses of Congress for 12 years and for the last 8 years they had a Republican President.  The housing bubble burst in 2007 after 6 years of complete Republican control of both houses of Congress and the Presidency.  The country began losing jobs in April of 2007.  The ensuing financial meltdown gathered steam into 2008 until the collapse of Lehman brothers and the bailout of the financial markets began in 2008.

Mr. Obama was sworn in January of 2009.   Between April of 2007 and the date Mr. Obama was sworn in  the country had lost 4.6 million jobs.   Mr. Obama clearly didn't cause the loss of those 4.6 million lost jobs.  Blaming Mr. Obama for the staggering economy we find ourselves in like blaming a firefighter for not rebuilding the damage to your house as he fights the flames.   No human can stop a once in a generation financial meltdown on a dime.  Obama has seen more people on food stamps during his Presidency because he inherited a disaster from 14 years of Republican policies that left millions of Americans with no jobs, houses lost to foreclosure and life savings decimated by the financial collapse.

Yet the architects of the great recession point the finger at Obama.

No comments: