Who Is To Blame For Current State of Economy?

According to a recent Associated Press-GfK poll, 51% of Americans believe that George W. Bush still deserves the bulk of the blame for the current state of the US economy.

31%, on the other hand, say that President Obama deserves the bulk of the blame.

Republican supporters contend that:

1) President Obama's policies have done more harm than good and have acted as a wet blanket on the economy, suppressing any kind of sustained economic growth in the country since he took office

2) President Obama has been in office for nearly three years and that the "statute of limitations" for assigning blame to another president is now over

Democratic supporters contend that:

1) President Obama walked into a nearly impossible situation as the US economy was imploding when he took office

2) The country is still working its way through the "Great Recession" and that any expectations that the economy would suddenly turn around were ludicrous, given the heavy damage that was inflicted when the bottom fell out of the economy.

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The debate over who is to blame for the current state of the US economy will be THE issue heading into the Presidential election in November of 2012.

Do you believe that President Obama has done a decent job when it comes to trying to revive the nation's economy, or do you think that somebody else (such as Rick Perry) would be more successful? Do you think that Obama is the man to try and get people working again in 2013 and beyond, or do you think that somebody else would be better for the job?

As of this moment, the majority of Americans still put the bulk of the blame on George W. Bush for the current (sorry) state of the US economy.

However, with the odds of a double-dip recession in the United States rising by the day, more and more people will likely start pointing the finger of blame at President Obama. This would come at the most inopportune for Obama, as the election is just over 14 months away.

Source: Yahoo.com - AP-GfK poll: Views on economy, Obama role sour


Filed under: The Economic Meltdown



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