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President Bush Is The Reason For Our Economic Depression
I have no side to this because i have no evidence but i want to see some evidence please to support and to go against my topic... In fact I'm towards against right now but I'm not sure...
 scobasteve  14 Nov 2008 17:27
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I won't beat around the bush. I think he has something to do with it.
 
 kkcoyne  14 Nov 2008 18:52
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 I am Canadian, so I can't comment with a great deal of substance, but I do believe that Bush ignored/or was indifferent of what was happening in financial institutions in the US. Our banks never had (in Canada) any sort of "sub-prime" mortgages, and so have not had the same difficulties up here. Although I do remember, after a drastic federal policy came into effect in the 1980's that many people were walking away from their mortages up here - but that was more to do with rising interest rates (up to 16% for a first mortgage) than anything else.
by  spiritwest
 15 Nov 2008 04:51
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He is a factor but he is not the "reason" for instance right know as we are on this site obama is off somewhere spending our money flying around the world bush is not the only person at fault
 
 shipp  21 May 2009 19:18
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First, the reason people are being foreclosed on goes back to the Clinton administration when banks and mortgage lenders were forced to lower their standards for issuing mortgages under the guise of affordable housing. People who had no business receiving a mortgage wer given one, and now they can no longer affordnto keep up the payments. Second, our problems started two yearsago when the Democrats took control of congress. Their spending far outweighted their income. Congress makes the bills and the laws, the president either signs them into law or vetoes them. If President Bush is guilty of anything, it is not using his veto power enough in an effort to work with both parties in congress. Unfortunately, he didn't learn from his father that Democrats are serpents waiting under cover te strike.
 
 pusspuss  18 Nov 2008 04:53
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I was torn which side to post on.

On the one hand no President is ever singly responsible for what happens in the economy, Congress and businesses and world events all have a hand in it, plus Bugman and mollyjmojo are right that bad loans and a necessary market correction are behind this.

BUT, in the pro-Bush's fault column, his massive diversion of resources to pay for the Iraq War, his massive deficit spending, and even his constant insisting that the economy was sound even as it crumpled, can all be fairly pinned on Bush. In other words he greatly strained our system so that when we finally did get sick it was the flu instead of a cold.
 
 Grenache  15 Nov 2008 12:11
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The econimic depression is believed to have stated in America by big businesses giving out loans to people. These people needed a house or car so they borrowed money but weren't able to pay it off.
 
 mollyjmojo  15 Nov 2008 05:20
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No except insofar as he failed to anticipate or react well to something that has been coming for sometime.
 
 finsch  14 Nov 2008 20:26
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You are in error. This has been coming on for along time. Our national obsession with credit has caught up with us. Both federal and personal.

It actually has to happen. It will be a good thing. It will be the 'correction' that needs to happen. Once the bad part is over, we will be a lot healthier as a nation. This was ineveitable and unavoidable.
 
 Bugman  14 Nov 2008 19:19
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