Obama and big government caused the Recession

The AM radio con men and FOX not News try to convince the gullible that Obama, the Democrats and their Washington incompetence led to the economic crash and the ill-conceived bank bailout. The bought and paid for con men want to convince the public that it was government regulation that caused the problems. But those with memories understand that they are just pushing propaganda that their corporate CEO masters tell them to.

The truth is just the opposite of what the bank CEOs and their lack lackeys are trying to shovel down our throats.

Deregulation (as in the Gramm-Leach-Bliley Act of 1999) gave us credit default swaps and banks treating your money like a chronic gambler on a Las Vegas bender.

Republican economic policies gave us tax cuts for billionaires, 15 percent unemployment and took us from Clinton's $400 billion surplus to a $1.3 trillion deficit in only eight year.

The bank bailout was fully under way during the Bush administration. It was RepuliCON members of the Bush administration who demanded the bailouts be hurriedly passed overnight or the whole financial infrastructure would come down. When rationals said hey wait, aren't we paying too much for assets now worth pennies on the dollar? But the Bushies said no we have to pay 100% of the phony marked up value for what turned out to be almost worthless assets of Goldman Sachs.

Was that government incompetence or worse? Yes, but Bush controlled the executive branch of the government that planned the bailouts. Con men completely controlled the news cycle in America then as now with 'stories' from fact free FOX not News and the AM radio con men driving each news cycle.

The great national debt came as a result of the Bush tax cuts, the two wars fought on credit, and the huge medicare prescription drug program that was not paid for. Who was in charge of Congress when those decisions were made? Boehner, McConnell, Cantor and the other GOP leaders were in charge at the time. They took us to the brink of the next Great Depression, and you're going to trust them on economic policy again?