I get really tired of hearing that this Economical disaster is President Bush’s fault. But what everyone seems to forget is that the Republican party only had a slight control of both houses from 2004-2006. After 2006, there are 2 things that happened which stopped our growth in it’s tracks: 1. The Clean energy act and 2. Minimum wage increase, which both had an effect on businesses. When energy costs more, expenses rise, and then minimum wage increases the costs of doing business as well. It was a fountain of economic flatulence that created a cloud of uncertainty in our economy and people pulled back, layed people off and shuddered prepared their businesses for an economic storm that came and is still lingering over us. With all this uncertainty, there is one thing that I’m sure of and that is that the Democrats in congress are to blame for this recession. All this information and it doesn’t even include the Community Reinvestment Act that forced banks to make bad loans.
The link below will bring you to this great article that walks you through the timeline of when the economy started taking a nose dive. There are 3 charts that show you when the elections took place, what bills where passed and that the unemployment numbers at that time. You can clearly see what legislation lead to the slow down. But I’m sure some will say that the economy was beginning to decline but if you look at the prior 8 years in graph #3, it’s full of hills and valleys. A decline doesn’t mean recession. it’s what you do to fix the problem that causes the recession.
Another point that I saw in the comments area said that “the president still needed to sign what Congress sent him into law.” If I remember correctly, 2007 was a congress that broke the record on doing the least amount of legislation in our countries history. Yes, the president tried to work deals with Congress, but they did not play nice in return. Elections matter, and when a greedy congress gets elected, they pretend to negotiate and force the minority to give up their principals while dangling a carrot in front of them. That is no excuse but after 2008, the big spending bills where they began to spend like drunken congressmen, that’s where it hit the fan. A great reason to remind our candidates that they must stay strong on principals and never negotiate them away.
I honestly hope that all future congresses use this model as “what not to do”. Please read this, absorb it and pass it on to your leftist family members and friends.
“Standing in the middle of the road is very dangerous; you get knocked down by the traffic from both sides.” — Margaret Thatcher