The Recession is not All Bush's Fault

During the Bush years the economy grew at an unprecedented rate. By his 5th year in office unemployment was virtually non-existent. The value of the US dollar was skyrocketing. Gold prices were stable.



The last year of his presidency the market started making a correction as it always does toward the end of any administration (IE Clinton Recession, Bush 41 Recession, Regan Recession) instead of just letting the recession take it's natural course of dumping toxic assets from the system, the government decided to interfere thus deepening the recession.



Now the government is mandating that the markets keep the toxic assets on the books which is leading into an even deeper recession because the market is not allowed to work as it has since it's inception.



Instead of letting the market work itself out, we now have the government owning banks and car companies and look at where it got us. The car companies still had to go into bankruptcy, but instead of a powerful market place cleaning the mess up in a manner to insure economic viability of the companies, the government basically told the debt holders "screw you" and handed a lot of the company over to the UAW. Kind of makes you wonder since the UAW was the biggest financial supporter of Obama.



Also the government now has the power to dictate what type of cars they must build. This is going to be a serious cluster since the government wants them to build the cars that no one was buying that lead to the financial problems. They want them to build these little golf carts which are not profitable. The money that was being made by GM and Crystler were their truck lines and their SUV lines. Sedans also were making money. The little cars were made solely for the purpose of meeting the CAFE standards set by the government. They never have made money and never will make money. Not to mention they are dangerous vehicles.



Just wait. within the next few years these car companies will be begging for more money and then, when allowable by law, they will be filing for bankruptcy again.



Once you look at all the facts, there is no way in which one can come to the conclusion that the government knows what the hell they are doing. In fact they seem to only make things worse.