So you do blame Bush, then, since it all fell apart WHILE he was in office?
did you blame clinton for the recession the bush inherited?
recessions are normal. this presidents reaction is not. or maybe it's the new normal.....
It fell apart after the Dems took over the House and Senate and ran um for four years. 2006
certainly spending went up.
the blame they have for the current downturn begins with the community reinvestment act of the 70's, the broadening of that act in the '90's and then the not realizing the problem (barny frank...'everything with fannie and freddy is fine') even though bush asked them 17 times to look into the finances of fannie and freddie.
neither bush nor obama are responsible directly for what happened. they are each responsible for their reactions. to be honest, i don't think either did such a hot job, but what obama has done since, has compounded the problem and guaranteed disaster.
another really big problem is that we have been running for 3 years not without a budget. it is very likly that we are in far worse trouble financially than most of us know because all spending is being done by continuing resolution with increases fed by the slush fund....better known as printing and borrowing.
it's going to fall apart as surely as the world of a gambler who borrows from pay day lenders fall apart.