We’re already hearing Obama fans blame Bush for the economy, the bubonic plague, and male-pattern baldness. Look at what has happened since Obama won in November or since he took over a month ago. It’s a freefall.
One could argue that government intervention is the reason for the mess. The bear market plunge began back in September 2008 when President Bush and his Treasury Secretary Hank Paulson unloaded a $750 billion “government intervention” stimulus package. Now another over $800 billion in stimulus. More government intervention, more economic hard times.