ninazino

The bubble grew so rapidly that deflating it meant exactly what is going on now. The R's hoped to deflate the bubble gradually by debt consolidation; it was hopeless in the long run, but it kept the economy afloat for a while; you may as well thank them for this fool's paradise. Would the R do it back then, you would be first to blame them for the crisis, wouldn't you? On top of that, the country was entering the war; not the best time for a major recession. You rightfully blame the R's for not doing enough, and more could've been done, but it was the reluctance of a psyciatrist to do shock therapy. But first the patient was given the nearly lethal dose of LCD. You are conveniently forgetting that 90% of the blame is on the D's who set things in motion. Consider a realistic scenario that the bubble would collapse 6 months from now rather than today. You would not say then that it has been the failure of Obama & Co, would that happen. You wouldn't say he did not have guts to speed up the recession to save money for the future. You would blame the R administration, wouldn't you. Be at least honest to yourself and admit that you would find the fault with the R's, no matter what, and would exhonerate the D's, no matter what.