Curse Bush or Thank Obama?

As my 401K portfolio is finally equal to the value it was before the 2008 economic crisis. Should I continue to curse Bush or should I just be thankful for Obama?

It amazes me that "Economics" in America is still an open dialogue. Listening to Republican and Conservative opinion in regards to any fiscal matters would be equivalent to me accepting financial advice from my drunk uncle who works every day, lives with his mother, drives a 25 year old Buick, and borrows $20 from me every time he stops by. Not to mention that once his mother dies he will lose her house because he is too irresponsible to pay the taxes every year. This is basically the state that Conservatives Economic Policy has left this country.

Did we forget the economy was losing jobs at a rate of close to 700,000 jobs a month, credit markets were functioning poorly, the GDP was in a free fall, and a second Great Depression was imminent? Now instead of being in the middle of Depression we are talking about a recovery!


The American Recovery and Reinvestment Act (aka Stimulus Bill), which the President signed less than a month after taking office was unpopular to many, but has undoubtedly helped to stabilize our Economy. We must recognize the "economy" is 50% about real numbers, and 50% just about how people feel or think things are going.

The GDP, in a free fall for three quarters, barely fell in the second quarter of 2009, rose in the third and will see larger growth in the fourth quarter.

Job loss, which averaged 691,000 jobs a month is the first quarter of 2009, averaged 69,000 in the fourth quarter.

The Dow Jones, sitting at a disastrous 6500 points 30 days into the Obama Presidency and everybody blamed his failed policies. Now that Obama's policies are actually fueling the economy the Dow is over 10,700 points and it's in "real" money not the "Madoff" money we had during the Bush years.

With the economy still losing jobs and unemployment at 10 %, the economy is obviously far from healthy, but stabilizing the economy is just not enough. The problems that led to the crisis were years in the making.

We need to complete efforts like financial regulatory that protect the economy from actions that could threaten financial and economic stability, and protect our financial system from the abuse of powerful financial institutions like AIG. Conservatives mock these attempts to reform???

You can say the Obama administration isn't doing everything right, but what they are doing is working!!! As I am continually frustrated by the rhetoric, as always one of the "David's" from Obama's Campaign laid out the facts more eloquently than I ever could. That is why Obama won so overwhelmingly because of his brain trust1 Enjoy this article by David Axelrod.