MichaelK

Dollar is at its low though it is not having a major impact on the trade deficit, the oil price increase without exacerbated by not having an effective energy plan in place, people's home wealth getting hammered. The signs that the deregulation of industries (Drug safety enforcement, import safety enforcement) only resulted in companies cutting corners and creating hazard for American citizens... Those who argue that the housing was created by greedy home buyers, why was there no system in place to guard against predators? We went through a round of business scandals (Enron, et al) earlier. I believe that the actions of lenders and banks is another set of scandalous actions.Who is going to answer for the problems that regular people face? How can a president go through a recession every term? It is unprecendented.

theduchessisback

They just post and repost whatever they hear on Fox News.

iviolated

Not I. I call it gross incompetence on the Democrat's part. You know the ones elected two years ago.

CookieMonster8835

Ummmm......the housing problem started under Clinton when the govt mandated lenders to make it easier for lower income people to purchase a house. It is hitting the fan now, but you cant lay that one at GWB feet.Who exactly is it that you think is standing in the way of a new energy plan? You might want to look at your own party for that one, with all of the environmental extremists.I think the solution is to keep govt out. period. The market is much more competent ad straightening itself out than some politicians with an agenda. Perhaps we would not be in the housing mess we are in today if they would have left it alone. And if you are so concerned about gas prices, how about giving people who in some places pay 50 percent in taxes on the gas a break?

PSNIDSnowboardZombie

Whatever fox says...

JohnL0517

Actually since Bush has been in office the country has been through a terrorist attack, our market that dips every 2 years has not for 5 years and interest rates at the lowest for the longest ever and our taxes are very low. Now the housing boom has been going on for sometime so to blame Bush is only due to lack of understanding how things work. Clinton prospered not because he was great but he was there when the dot.com boom happened. That busted, then real estate busted. Get a clue.

cashflowchris1

9-11, hurricane Katrina and the war in Iraq. With all that was going on we should have been far worse off than we are now much sooner than now. We had months after months of economic prosperity while enduring these tragedies.I'll take that incompetence over what you would consider a competent leader any day.

cantcu

If that is the case, and I heard this argument, I am sure there are some cyclical factors, or up and downs, but that doesn't mean that the market is a manic/depressive! If you take this, from the CBO, not Fox, it will show you the cycles! And you can clearly see the Republicans never heard of a balanced budget and are the worst deficit spenders!http://www.uuforum.org/deficit.htmThis is just the budget. Bush keeps the 1 Trillion he borrowed from the Chinese for the war off of the books!Subprime lending didn't start under Clinton! It started with The Fair Housing Act of 1968 prohibits discrimination in lending, and The Community Reinvestment Act of 1977 requires banks to use the same lending criteria in all communities, regardless of the living standards of residents. As a result of the present crisis, however, banks and other lenders are being criticized for equal opportunity lenient lending. Subsequently, due to lack of oversight (guess by whom clue: It wasn't the FAA) subprime lenders !"subprime lenders engaged in predatory lending practices such as deliberately targeting borrowers who could not understand what they were signing, or lending to people who could never meet the terms of their loans. Many of these loans included exorbitant fees and hidden terms and conditions, and they frequently lead to default, seizure of collateral, and foreclosure."Some subprime lenders, like credit cards with 30% interest rates and fees, are heavily invested in by...guess who? George W. Bush! Look at his Tax Statements!

PatrickG

First off, there has not been a recession under George Bush. Your spin on the fact is unprecedented.The dollar while weak is far from being at an all time low as you imply and the President is not responsible for the market driving forces that lead people to make bad decisions.Yes, the current downturn is a market correction, nothing more.

jwthoughts

Considering that prior to the 5 years of unprecedented growth, this would have been considered a good economy, I find it laughable that you claim it is so bad.It is like the housing market. 2007 was horrible for the housing market, right? WRONG! It was the 5th largest year in history. It just did not seem that way because 03, 04, and 05 were the largest 3...not in that order...so the liberals compare 06 and 07 to those years and of course they look bad. Comparing 07 to normal markets, it was a good year.It is exactly like that with the economy. Economists debating whether we are in a recession or not is a joke, considering that a recession is defined as two consecutive quarters of decrease of the GDP. We have not have not had one quarter yet, (though when the first quarter numbers come out, it could be slightly negative) but the second quarter is starting to turn for the better again. The liberals, however, have been beating the recession drum for months...and some are even claiming that we are headed for a crash. WHAT A JOKE!bobgnote...what an incoherent bunch of conspiracy theory. Now Fox News gets girls killed? Your rant was not only ridiculous, but you REALLY need to work on those run-on sentences. WOW!travelli...you have it all wrong. The republican party is fiscally conservative and for small government. We are also against amnesty. What does all of this mean? GW is a liberal.Qbeing...you are on the right track, but the recession at the start of Bush's first term did not wait 12-18 months. It started in the last quarter of 2000...the first and second quarter of 2001 were also negative, but the third quarter was positive until 9/11. This means Bush's tax cuts were very effectively working. Even with the downturn of the 3rd quarter in 01, the fourth was positive and we have had a fantastic economy up until 2007, where we have had a good economy, but it looks bad compared to 02-06. We are not in a recession by definition, and not even close.