Bush1/bush2 us/global bank failures Clinton/Obama growing economy.?


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Is there a pattern here?


Banks in Clinton, IN



Answer (10):

 
Chewy Ivan 2

Yes, but the bank failures Bush 1 had to deal with were actually inherited from Ronald Reagan. The Savings and Loan scandal was basically a trial run for the Great Recession. The worst economic collapse we've had between October 1929 and September 2008 occurred in October 1987.

If you want to compare the two situations, Bush 1's presidency was like Obama's first term. Clinton's first term would be like Obama's second term.

 
Dave

Bush 1 had a mild recession in '90-'91 mainly due to the collapse of the Savings and loan industry in the late '80s and early '90s which kept the economy stagnant through most of '92, and as a result Clinton won the '92 election; however the economy started to recover after the election.

Clinton was mainly fortunate to be president during the tech bubble and the rise of the internet. The good economy started to tank in late 2000 and Bush actually had to deal with a small recession in early 2001 and it was mainly the housing bubble that kept the economy afloat from the end of that recession till the recession in 2007.

That 2007 recession turned into an economic collapse at the end of 2008 and due to the fact that the GOP had the upper had politically over Bush's eight years, Obama got elected and while he did to his credit prevent another depression, the economy has been growing at a slow rate, he could've done more to grow the economy in '09 and '10 while he had the majorities in congress to do so.

 
RockHunter

The economy is cyclical. Dishonest people blame Bush for a poor economy and claim Clinton left is great, but they mention that Clinton left us in recession, he deregulated the banks that led to the housing collapse and his so-called surplus was lies on paper only, that could've never been sustained and left no actual surplus.
Obama just lays blame and takes credit, using whatever lies he think he needs.
Your "pattern" is that Democrats are dishonest.

 
Psychobenzaprine

The Far Left always outspends the previous president, GOPster or not.

Further, the bank failures were triggered by the subprime mortgage scandal, which was 100% created by the Far Left.

 
Free Thinker

The economy was great under Clinton but not so great under Bush and Obama. II miss Clinton.

 
?

Not only in Usa "the left" has to clean up the mess that conservatives leave behind.

 
koalatcomics

lmfao...rofl...fofl....typical liberal pap....Clinton, no response to al Qaeda, Obama, con artist Marxist and liar...end of discussion.

 
Bill

How true,

Dem's all ways must clean up after the (R) Fck it up.

 
reek

Yes GOP fails.

 
Believe it!!

Don't forget huffingtonpost.com as your source lol. You might as well throw in MSNBC.com as well.