The new DNC Chair – foxy, charming, tough-as-nails Debbie Whatshername-Shitz, has finally admitted what the rest of us figured out months ago:
Democrats are ready to take responsibility for the state of the economy and they deserve credit for putting it on the right track, the party’s chairwoman, Rep. Debbie Wasserman Schultz, said on Wednesday. “We own the economy…”
And Rasmussen’s latest survey tends to show that more and more Americans are giving the Dems credit for the country’s economic malaise. Two years ago as many as 62% of voters blamed the nation’s economic woes on President Bush. Last week 56% of mainstream voters laid the blame squarely at Obama’s feet.
So it’s nice to know that the administration is finally willing to man up and shoulder some responsibility. But the fact that they think that their current policies have them on the right track is more than scary. When 65% of the population is out here yelling “Stop!!! No!!! Wrong way!!!!”, it ill behooves Ms. Whatshername to be pointing the train the same direction and pouring on the steam.
H/T Sundance, The Last Refuge.
When all around you are running around yelling and you can remain calm,… it means you don’t understand the freaking problem.
That’s why Obama is more concerned with golf and a trip to Puerto Rico. Maybe he was just thinking that was one of the 57 states he needed to visit to get votes for the next election. Or else it was another vacation while he still has use of Air Force 1.
Alan Greenspan caused a LOT of today’s problems. All one needs to do is to look at the increase in the money supply (M3) under AG. That money HAD to go somewhere. So it went to the stock market in the mid/late 90’s and then on to the housing bubble in the early 2000’s. “Helicopter Ben” is reaping some of the rewards of AG’s monetary policy and creating some new issues of his own.
Bernanke claims to be a student of the “Great Depression” and believes he knows what went wrong. (very doubtful as a Keynesian economist, IMO). It is likely Bernanke will get to study a “greater Depression” in real time and be able to see where he made mistakes.
I don’t really lay the blame of the economy on either party – they simply do not have that much control and the minor changes they make take a LONG time to ripple throughout the economy and have any real effect. Both parties refuse to face the truth that they are spending FAR beyond our means and cannot accept the fact that society simply cannot afford to be what politicians think society should be.