Is Bush responsible for this as well?

Question

It seems that the conservatives on Yahoo Answers use the current bullish run in the stock market as proof of Bush's sound economic policies and his success as a leader.
Now, I read this........

"The worst economic growth in four years is raising concern that troubles in the U.S. housing market will spread and throw the country into a recession before the year is out."

If we do go into a recession, what straw are you conservatives going to be able to grasp to prove Bush has been a great president?

http://biz.yahoo.com/ap/070427/economy.html?.v=23

Answer 1

Hah, good question.

Answer 2

Bush is no more responsible for the stock market record than Clinton was for the tech bubble. Presidents have vanishingly slight influence on the economy. Congressional Legislation has a much stronger impact, you could creadit the tax cuts passed by Congress a number of years ago with the improvement in the Stock market - but you'd have to ignore the volatility of that market, which, just a few months ago, many believed was poised to collapse.

Similarly, the fragility of the housing market is due to the writing of many unwise loans durring a period of low interest rates. Though the President called for lower rates, and liked to take credit for them at the time, they were not under his control, it was the independent Federal Reserve that kept rates low, it did so in accordance with it's charter, and would have done so regardless of who was in the oval office at the time.

Low interest rates and a booming housing market helped pull us out of the last recession, but, because lenders and borrowers both took some imprudent risks at the height of the phenomenon, we're now going to experience a bit of an 'economic hangover' as some home loans get into trouble.

Answer 3

Three developers in my area hsve gone belly up in the midst of projects, others are pulling out.
Of course this whole stock market thing is a scam. The shylocks took billions from the 401k's , next everybody ran to make a fortune in Real Estate, now they will have to sell at a loss to get back into this "Bull Market". Talk about a scam.

Answer 4

When or if your cat fell out of a tree you people would blame Bush. If he found the cure for cancer you would whine that he should have done it years ago. You just can't wait for the stock market to crash or the housing market to go in the tank so you can blame Bush. But to be pessimistic is easier then to be positive. None of you or your media have ever given him credit for the positive things his tax cuts have allowed. We the people run the economy and it just proves that if given more freedom to spend our hard earned money the way we want to instead of the government micro managing our lives. Proof? Unemployment at sustained record lows. the deficit being paid back twice as fast as first expected. And all this after 9/11 and natural catastrophes that are still costing lots of money. Not to mention the money needed to perserve mine and your rights for personal freedoms by defending the free world against Islamo fascists that use terrorism to kill all those who don't believe as they do. but I may as well be talking to a wall you people have been brain washed by the far left liberals who run the democrat party and you believe everything and anything they say without you doing any research of your own. It's a down right shame. But I have hope that there are more Americans that have positive views that individual freedom is a better way of life then living under the thumb (if they allow us to live at all) of a bunch of crazy evil ........ who have been told to kill all the invidels for their moon God Allah... and that you would follow a bunch of far left liberals who don't live in reality and would risk America's way of life for their hatred of Bush. To gain political points in their little concided world. Shame on you. Comes down to this I guess do you love this country and the way it works or do you want us at best to become a third world country and be equally miserable. After all how dare we be better then anyone else everyone should be equal in every sense right? lol Shame on you.

Answer 5

It's a natural economic cycle. There are expansions and contractions, the economy heats up, then it cools off. It's just like the warming and cooling cycles of the earth. Recessions under a Republican administration and global warming are both liberal myths.

Answer 6

It would mirror what happened to Clinton. Great run due to tech stocks and the bubble burst and Bush inherited a recession. Of course all of the masses blamed Bush, but that was far from the truth. I don't like a lot of Bush's domestic policies, but they don't differ too much from Clintons. For everyone pissed off at Bush about outsourcing, consider that it was Clinton who signed NAFTA into law.

Answer 7

Why shouldn't the Republicans use the bull market as proof of Bush's sound economic policies?

We did the same thing for Clinton. If we complain about them doing it doesn't that make us hypocrites?

Answer 8

The Cons are rapidly running out of Bush "achievements" to applaud. By the end of the year, they'll be cheering him on for being able to tie a full windsor knot.

Answer 9

A recession would be the Democrats fault. Are you forgetting that Republicans rule with a golden touch?

Good News = Dear Leader George
Bad News = Sissy Democrats

Answer 10

1. who's quote?
2. where is the recession?

Answer 11

Bush does not understand anything beyond gas prices. He is neither responsible for bullish economy nor troubles in housing market. I would say "He is innocent".