Ken Fortenberry wrote:
Tom Littleton wrote:

"Ken Fortenberry" wrote:

Consider this a reply to both you and Rick, you're entitled
to your own opinions but not your own facts.


and you, to your fantasies. This is an example of where turning the
Obama presidency into something it is not serves no one any good. I
dare say that, in some fashion, the world economy would have survived
any event that occurred this calender year, when Obama was in charge.
For you to claim otherwise starts to put you into Beancounter territory.


Right-wing, left-wing, no wing, practically every economist and
financial analyst on the planet agreed that the worldwide economy
was headed straight down the toilet. A global depression on a par
with the Great Depression following the Wall Street Crash of 1929
seemed inevitable at the time. That's fact.

Ignoring facts is not healthy.

To be fair, the Bush administration took the first decisive steps to
address the financial crisis with the TARP program. I don't give any
credit to Bush himself, of course, because he's an idiot, but Secretary
of the Treasury Paulson acted quickly. There's a lot to criticize about
the TARP in hindsight, but was necessary and urgent at the time.

To Obama's credit, he more-or-less continued the crisis-management
strategy, passing the stimulus package and renominating Bernanke as Fed
Chairman.

What is beyond belief, IMO, is that the Republican Party continues to
portray themselves as the party of "small government" and "fiscal
responsibility" after the eight long years of Bush Administration
reckless spending, tax cutting, and an optional, expensive, and
unpaid-for war based on lies, all of which was supported in lockstep by
the Republican-controlled Congress. Are we just supposed to believe them
now?

In the Republican world view, if the facts don't fit with their
ideology, then so much the worse for the facts.

--
Cut "to the chase" for my email address.