Government Efforts To Blame Everyone Else For Economy Working Out Beautifully

Obama, in particular, is benefiting from efforts to straw men the hell out of American big business.

WASHINGTON (Reuters) – U.S. President Barack Obama benefits from a broadly held perception that others bear the bulk of responsibility for state of the U.S. economy, according to a Washington Post/ABC News poll published on Tuesday.
Asked who was responsible for the economic meltdown, 80 percent in the poll blamed banks, financial institutions and corporations. Some 70 percent also blamed consumers for taking on too much debt and the former Bush administration for lax regulation. Only 26 percent said the Obama administration was not doing enough to turn the situation around.

You’ll notice how they had to combine the people blaming consumers for taking on too much debt and the Bush adminsitration for deregulation in order to get to 70%. I guess we’re not allowed to know how many picked each choice.
Regardless, the efforts by our political leaders to manufacture populist outrage over AIG bonuses and executive gold parachutes has, indeed, worked beautifully in obscuring the ugly (for them) truth about the economic downturn: It was brought on by government intervention in the credit markets. It was government encouraging lenders, through regulatory pressure and the promise of bailouts, to loan indiscriminately.
But everyone is so busy kvetching about the latest executive bonus news to hold the politicians accountable. Which is just the way the politicians, and their enablers in the media, love it.

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  • http://sayanythingblog.com/entry/america_is_back/#c397018 Dino2

    the Bush prosperity years

    Getting harder and harder to take Robbie seriously. The above quote is almost as outrageous as when he said the downturn under bush was a “mild recession.”

  • Buzz

    Asked who was responsible for the economic meltdown, 80 percent in the poll blamed banks, financial institutions and corporations. Some 70 percent also blamed consumers for taking on too much debt and the former Bush administration for lax regulation. Only 26 percent said the Obama administration was not doing enough to turn the situation around.

    These people are exactly right, what is the problem with this poll?

  • HG

    Whichever party or politician any of us blame, the bottom line is it is government that is the problem with the economy. Get government to stop tinkering with the economy and go back to enforcing the laws against illegal activity in the market and all will be will. Yes, there are some things in a free market which require attention, but they are far fewer than in any other market model and none require the government to get involved.

  • robert108

    Getting harder and harder to take Robbie seriously. The above quote is almost as outrageous as when he said the downturn under bush was a “mild recession.”

    Dishonest little dinostem has a problem with the truth, as always.
    Before Obama was elected, the recession was mild; the third quarter of 2008 was only -0.1 GDP growth. You can’t get much milder than that.
    Of course, you have already admitted to being uneducated about econ, little dinostem, and it shows.
    Obama has destroyed all the wealth built up during the Bush prosperity, and has saddled us with massive new debt, as well. A deadly combination for the US economy. Soros must be proud.

  • Bat One

    All this proves to me is how successful the media is in influencing public opinion.

    Only for those too indolent to think for themselves… liberals, losers, and lemmings.

  • http://sayanythingblog.com/entry/america_is_back/#c397018 Dino2

    This is the biggest lie told on this site.

    Robbie is Insane.

  • sayanything-2819

    All this proves to me is how successful the media is in influencing public opinion.

  • Buzz

    Getting harder and harder to take Robbie seriously. The above quote is almost as outrageous as when he said the downturn under bush was a “mild recession.”

    Harder and harder? It is impossible to take anything he says serious. It is the same stupid bullshit lies over and over, I don’t even read his posts, I know what it will say. LIES.

  • http://sayanythingblog.com/entry/america_is_back/#c397018 Dino2

    It’s called empirical evidence. When you run a bank, investment firm or other entity like AIG that gambles big with other peoples’ money and loses so much that you go crying to the government and taxpayers to bail you out, that’s very good proof that you are at fault.

    If not the people who ran those entities, then who is at fault? Aren’t conservatives the ones who talk about personal responsibility? Don’t they ridicule people who try and blame others for their problems?

    Why so much compassion for rich white guys who gambled, lost and now want you to cover their losses?

  • robert108

    …I don’t even read his posts…

    Another lie from little buzzy. Now, if you said you don’t understand the truths in my posts, then you would be telling the truth. You lack the education.

  • http://sayanythingblog.com/readers/author/realitybasedbob/ realitybasedbob

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  • http://www.uniquepictureframes.org/ harrypotter

    Those who blame the companies and (even more stupidly) capitalism never back up their accusations with anything approaching evidence.
    Unique Picture frames

  • ssn697

    “It was brought on by government intervention in the credit markets.”

    LMAO at that attempt to spin. There was ZERO government regulation on CDS or derivatives. ZERO. Attempts to add governemtn regulations were shot down as far back as 1996. Phil Gramm BRAGGED about how there was no oversight, and these new “markets” would make us the rulers of the coming century.

    Your pretending it is the governments fault is ludicrous, but expected

  • http://sayanythingblog.com/entry/america_is_back/#c397018 Dino2

    Oh, and it’s really GREAT to see so many people blaming the capitalists and the republicans. That will only more intense as the economy sinks.

    Should make 2010 a HUGE referendum on conservatism.

    But I don’t hope for failure to see republicans punished. If things improve Obama will be on COINS and republicans will STILL lose big in 2010!

  • http://sayanythingblog.com/entry/america_is_back/#c397018 Dino2

    I’m not sure how anyone could blame this on Obama. It’s ludicrous.

    If democrats had been in power for the years 2000-2007 with a democratic President and Congress, you conservatives would be rounding us up and sending us to work camps. Seriously. It would be pandemonium.

    Just look at how you bitch, scream and whine when your side CAUSES the mess! Imagine what cranky assholes you’d be if this devastating mess had occurred following a period of democratic dominance! That’s why I wanted to see your leaders in work camps first. I know how things would be if the shoe were on the other foot.

  • SigFan

    Politicians on both sides of the aisle have mastered the “it’s not MY fault” mantra. They are all like the five year old found with matches in his pocket after the house burns down. “I didn’t do it”, followed later by, “I didn’t mean that to happen.” I have much more respect for individuals who recognize their mistakes and own up to them than any of the weasel-word wielding politcos. As this relates to the crisis-du-jour, they are using this tactic to whip up public angst toward others, deflecting the portion of the blame that rightly belongs to them. While we may not rightly lay everything at their feet, neither can we rightly blame everyone else. This whole mess took a considerable amount of cooperation, collusion and willful blindness on people in both the private and public sectors. Unfortunately, only the private sector is getting an ass-whupping right now. Hopefully the public will see through the ruse though and hold the political class to account in the next election cycle.

  • http://sayanythingblog.com/entry/america_is_back/#c397018 Dino2

    I’m willing to bet that Obama would have rather not taken over during this mess. It wasn’t him that told us the government would save us, it was Paulson and bush. All the bailouts-TARP, autos, AIG- were done BEFORE Obama took office. It was Paulson who warned of disaster if he wasn’t given the means to bail out the capitalists. It was bush who went on TV to tell people to support the TARP or face a devastating recession and economic collapse. It was the investment houses and capitalists who whined for the bailouts.

    Do you think we don’t know the timeline here? Do you not know the timeline of events? The only money Obama has committed is the stimulus spending which is NOT a bailout. You may not like the government spending it authorizes but it is NOT going to bail out capitalists who gambled away other peoples’ money and can’t cover their losses.

    Face reality for a change. Your people, your party, your ideology are the ones that failed and committed us to the bailouts. You can talk about the democrats in Congress voting for it until the cows come home too. But it was the bush administration that pushed this thing. It was they who were trying to leave office before the shit hit the fan. The democrats ahd little choice and did rein in the bailouts, not giving Paulson what he wanted which was the full 700 billion to spend with no oversight. They cut that in half. The AIG bailout had no Congressional oversight. It was put together by Paluson, Bernanke and Geithner.

  • robert108

    These people are exactly right, what is the problem with this poll?

    Those people are wrong on the facts, little buzzy, which is the point. It’s not about the truth, it’s about the volume of leftie lying propaganda.
    Obama has not only destroyed all the wealth built up by Americans during the Bush prosperity years, but he has also created massive new debt. It’s a recipe for economic failure. His master, Soros, must be proud.

  • robert108

    We are all doing very little these days but making cheap shots. Most of the criticisms these days are dishonest and petty……and not very well thought out.

    You speak only for yourself and your fellow leftie propagandists.

  • Hannitized

    Bat, you are better than that. This site has really taken a turn for the worse.

    We are all doing very little these days but making cheap shots. Most of the criticisms these days are dishonest and petty……and not very well thought out.

    Cant we please return to intelligent dialogue?

    Why don’t we quit pretending to be right all the time? You are not right all the time Bat, and neither am I.

    This site is a joke………so let’s continue the race to the bottom. Shall we?

  • http://magyartruth.blogspot.com/ Chief RZ

    BHO is one of the social democrats. No work, all take-steal from those who work and have worked.

  • robert108

    ssn697: Your ignorance of the truth is laughable. Since the Fair Housing Act of 1968 introduced the subject of race into housing, there has always been the threat of govt intervention in the housing market to enforce racial quotas. Carter intensified this in 1977, and Clinton strengthened it even more in the Nineties. The purpose of this intervention was about “ensuring racial equality” on the surface, but the hidden agenda was to create an imaginary product the Dem social engineers called “affordable housing”. Since housing costs what it costs, the Dem social engineers mandated lower lending standards, and threatened, with ACORN’s help, the big lenders to make loans to low income and minority buyers who couldn’t actually meet good lending standards. The result of doing this was an inflationary bubble in housing prices, which finally collapsed, since it wasn’t based on actual values, and we got the phony mess that got Obama elected.
    The Dems tried to use the housing market to produce a social outcome, and the result was, as it always is, disaster.
    Without govt rigging, markets don’t inflate in the long term.

  • http://sayanythingblog.com/ likwidshoe

    Those who blame the companies and (even more stupidly) capitalism never back up their accusations with anything approaching evidence.

  • tania

    Very true governments have always passed on the baton to somebody else the current mess is partly due to executives phbia with providing houses to all americans …. now they will ahve to take away lot ogf houses

  • 2Hotel9

    buzzed(disability scammer) asks,”what is the problem with this poll?”

    It asks the wrong question. But hey! That is what you intended it to do.

  • Buzz

    liberals have been in charge for two years. barry voted for all of this.

    This is the biggest lie told on this site. The dems have a much bigger lead now, and there is little chance that they can still get “anything they want” through congress.

  • robert108

    All the bailouts-TARP, autos, AIG- were done BEFORE Obama took office.

    The Pelosi/Reid/Obama Congress passed them all; it’s your baby, little dinostem. You, and your redistributionist bullshit are to blame, along with your foolish belief that govt can engineer social outcomes by rigging markets.

  • Bat One

    Stop the mortgage banker/brokers before they force more money onto the indigent.

    Cute. A bit specious, to be sure, but cute nonetheless. Good thing no one takes it seriously!

  • http://SayAnythingBlog.com The_Whistler_ofnd

    Certainly what happened in 2008 is no excuse for Obama making things worse, much worse, in 2009.

  • 2Hotel9

    None whatsoever.

  • 2Hotel9

    And the same spambot asshole does a 180.

  • erick1740

    This is baracks economy, and GM is now his company to destroy.

  • jimmypop

    liberals have been in charge for two years. barry voted for all of this.

  • 2Hotel9

    Time to Galt these fuckers.

  • docdave

    This is more than deflecting the blame for the recession. I believe that what Obama and company (Soros, etc.) are doing is conditioning the people to placidly accept a larger role of the government in the private sector. Obama use much the same stategy in his election bid with his clever hope and change rhetoric convincing the people that their only hope was to change from the Republican admin to a Democratic admin. This conditioning is still inplace for many.

  • 2Hotel9

    “I’m willing to bet that Obama would have rather not taken over during this mess.”

    Then he should not have asked his uncle George Soros to buy it for him.

  • WOOFX

    Stop the mortgage banker/brokers before they force more money onto the indigent.
    Can’t help themselves, they’re hearts are toooooo big.

  • http://sayanythingblog.com/readers/author/sparkiearbuckle sayanything-81

    No hypocrisy in that headline. Nope. Move along. No hypocrisy to see here.

  • WOOFX

    What’s left of it.

    GM is now his company to destroy.

  • http://suitepotato.blogspot.com/ sayanything-4808

    I was fairly prosperous during the Bush years, and live in the inner city with largely “minority” neighbors who were also fairly prosperous. According to your worldview, my neighborhood should have been plowed under by evil rich white Republicans and all of us sent to gulags or at the very least rendered destitute but that didn’t happen. Quite the opposite.

    Please try to figure out which delusional view of the past you’re going with and stick to it consistently for more than three minutes.

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