I bet Bush is aching for 1/20 to arrive. Bush's biggest failure IMHO is lack of leadership. He does not have the ability to get in front of a TV camera and sell his ideas and approaches. He never vetoed a bill until this past year. Even if he thought the Congress would override his veto, he would have been on record and could have gone before the American people to explain why spending was so out of control. Then there was his meddling in public education with NCLB.
As for the recession/depression, if you look at the various forces that worsened the GD, the greatest was probably the Fed's monetary tightening. Obama will not share this problem with FDR. I am no fan of FDR but he did fight against deficit spending. Obama seems intent on implementing his stimulus programs without regard to deficit spending. It will be interesting to see how we end up, as a nation and as a world.
As a nation, we are moving towards a more socialistic economy and I don't see anything that will turn that around, short of a revolution. We have so many people and programs dependent on government spending, how can we reverse that?
As for the recession/depression, if you look at the various forces that worsened the GD, the greatest was probably the Fed's monetary tightening. Obama will not share this problem with FDR. I am no fan of FDR but he did fight against deficit spending. Obama seems intent on implementing his stimulus programs without regard to deficit spending. It will be interesting to see how we end up, as a nation and as a world.
As a nation, we are moving towards a more socialistic economy and I don't see anything that will turn that around, short of a revolution. We have so many people and programs dependent on government spending, how can we reverse that?