There appear to be a lot of conservatives on this site (and on talk radio), who seem obscenely eager to lay the blame of the current economic crisis squarely at Obama's feet (AIG bonuses are Obama's fault; governmental bailouts are Obama's fault; the need for more governmental regulation of Wall Street, giant corporations, spells "socialism" for pure "free market" conservatives... Obama's fault). In fact, conservatives have turned Obama into an all-purpose voodoo doll that they stick with pins: they retroactively attribute all the ills and excesses of the Bush administration directly onto the most visible lib.
And nevermind that Obama walked into office on Januray 20, 2009 -- only two months ago to the day. Irrelevant!
It's a huge game of "gotcha!" politics.... Conservatives are so frustrated and angry at "W" they are engaging in what psychologists call "transference", transferring their rage at "W" and their impotence at being politically beside-the-point, a helpless minority.... and their impotence at witnessing the unraveling of their conservative "free market" (no government) economic ideology... onto a liberal target, any target, Obama's the biggest one, he'll do!
Consider the following headline:
AIG REPORTS A $61.7 BILLION LOSS FOR THE FOURTH QUARTER OF LAST YEAR, LARGEST CORPORATE LOSS IN HISTORY.
So, obviously, the economy was in shambles long, long before January 20. In fact, one could argue that this current recession economy is a few years in the making, the direct result of deregulation, corporate greed, little to no governmental oversight (that's called "free market" capitalism on Wall Street).
If we continue to have mega-corporations like AIG and Citigroup, huge corporate conglomerates that really are "too big to fail", because they are inter-woven and intermixed with so many other "too big to fail" financial institutions (it AIG fails, then Citigroup, B of A, and half of the international banking systems fail), then conservatives must realize that certain "socialistic" solutions (taxpayer bailouts, governmental regulations) are necessary. And NOT OBAMA'S FAULT.
And nevermind that Obama walked into office on Januray 20, 2009 -- only two months ago to the day. Irrelevant!
It's a huge game of "gotcha!" politics.... Conservatives are so frustrated and angry at "W" they are engaging in what psychologists call "transference", transferring their rage at "W" and their impotence at being politically beside-the-point, a helpless minority.... and their impotence at witnessing the unraveling of their conservative "free market" (no government) economic ideology... onto a liberal target, any target, Obama's the biggest one, he'll do!
Consider the following headline:
AIG REPORTS A $61.7 BILLION LOSS FOR THE FOURTH QUARTER OF LAST YEAR, LARGEST CORPORATE LOSS IN HISTORY.
So, obviously, the economy was in shambles long, long before January 20. In fact, one could argue that this current recession economy is a few years in the making, the direct result of deregulation, corporate greed, little to no governmental oversight (that's called "free market" capitalism on Wall Street).
If we continue to have mega-corporations like AIG and Citigroup, huge corporate conglomerates that really are "too big to fail", because they are inter-woven and intermixed with so many other "too big to fail" financial institutions (it AIG fails, then Citigroup, B of A, and half of the international banking systems fail), then conservatives must realize that certain "socialistic" solutions (taxpayer bailouts, governmental regulations) are necessary. And NOT OBAMA'S FAULT.