Quote:
Originally Posted by EskimoANM
Well to be honest, it wasn't just Bush that put use 10 trillion dollars in debt. I'm pretty sure the clinton's put the U.S in debt as well. The debt has just been growing, and Bush just added to the debt. I think the economy may possibly improve, due to the fact that Obama is now going to be the president.
I'm not sure what the result of the economy will be, but i don't think it'll be as bad as the great depression. I don't really have any reasoning for this.
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This financial downpoint cannot be blamed on Bush or Clinton. Though he has blown money on the Iraq war he and Clinton are not the only ones to blame. Many C.E.O's, executives, and governors are to blame because of the ways they foolishly threw out their money thinking it wouldn't matter. They are now struggeling because of a decrease in price on oil and other important and frequently traded items. So strictly blameing Bush or Clinton is not valid, when in fact everyones to blame. The President himself has really nothing to do with priceing and costs.