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Mr. Obama and the Blame Game

Updated on July 14, 2010

Mr. Obama Please stop your Cryin'!

Reminder – I made the top 49 in a publishing contest. But I need votes! If you don’t wish to vote, would you at least consider passing this link on to others to vote?

First round ends tomorrow, Sunday, November 15th!

As I’ve written publicly before--I never, in the 52 years God has given me breath on this earth, EVER thought I’d live to see the day a President of the United States would not only blame a former President for his economic woes in public, but do so over and over and over! What a cry baby!I never thought I would live to see any President like Mr. Obama do HALF the things he’s doing and saying like actually publicly chastising U.S. citizens for disagreeing with him! But I digress…

Any well-read, informed person – and the emphasis is on the key word --INFORMED – knows this economy was inherited YES, but the VERY IDIOTS in power today are the ones responsible for the financial meltdown that we are experiencing today – November 14th, 2009! This is by no means to say the Bush administration had a perfect deficit-reducing administration – so do not get me wrong. I’m not a liberal – I don’t talk to my friends and then form my opinion – I read primary sources and then form my opinion. But the Democrats caused the domino effect that crashed the economy, and now the Obama administration and the Democrats are making it far, far worse! It’s beyond belief! YET – Mr. Obama and his Czars and other talking-heads still want to point fingers at Mr. Bush and say it’s his fault!

This business about “It’s Bush’s fault, it’s Bush’s fault, it’s Bush’s fault” is the mantra of the left and I am sick to DEATH of hearing it for one – BECAUSE IT’S NOT TRUE!!!!

I’m sitting here typing this and listening to Fox News Bulls and Bears and I’m hearing still another liberal spout that same LIE yet again! But the FACTS are – now listen up because this is the TRUTH ------- the Democrats are responsible for what caused our current economic misery – and it started with the “Housing Bubble.” Due to the fact that the Barney Franks of the world made the “affordable housing rules” which forced banks to give shady loans to people who probably wouldn’t be able to pay back (HELLO – foreclosure anyone?) and accept down payments of 5% or less from people who wouldn’t be able to pay it back as well!

When you give loans to people who can’t pay them back – you end up with a bunch of loans THAT DON’T GET PAID BACK! This literally had a domino effect! The Bush administration – in fact – tried to flag this reckless practice of Fannie and Freddie (now dirty names in my opinion), but the Dems ignored the warnings! ACORN (another really dirty name) along with other advocacy groups succeeded in getting Congress to mandate “innovative and flexible” lending practices such as higher debt ratios and creative definitions of income. Delinquency rates on Fannie and Freddie’s $1.5 trillion in high-risk loans was 10.3% as of Sept. 30, 2009.

It goes like this – my husband and I bought our first home in 2004. We were ELIGIBLE for a loan of $350,000 at the time – but we bought a house for way, way lower than that – by well over $100,000. Why? Because we knew that although my husband had a very stable job AT THE TIME – what if…came into the equation and we realized even if my husband lost his job, we could afford the house payment comfortably at the lower price! Did I get a house with granite counter-tops and top-grade commercial appliances? Nope! Did we get the “open floor-plan” that I dreamed of in homes that were in the $350,000 price-range in this area (at the time)? Nope. But you know what? We got a GREAT house and slowly, with cash, we’re fixing it up the way we want and we can sleep at night.

We’re no economic geniuses, but my husband said, “This is our budget” and when I had to come to Michigan (by myself) to find a home – I stuck to it and in fact we bought a home for a price a few thousand less than the budget top-line my husband gave me! We bought a home within our means!

I watched a program where a woman said, “But the loan was $275,000.” She was barely able to afford the house payments when she bought the home, then she lost her job and definitely couldn’t afford the house payments! It was her personal responsibility to KNOW this – but she was blaming the banks! That’s problem #2.

Problem #1 is that the banks were forced to give unstable and shaky loans BY DEMOCRATS!

Not her fault! Just like Mr. Obama – NOT MY FAULT! Are there any liberals that ever accept personal responsibility for anything???!

It’s the Democrat’s fault for creating a whole group of people of “entitlement” and for making laws that tempted these people into taking loans they could not afford. BUT – it’s the individual’s fault for buying a home outside of their means! The domino effect happened when the housing bubble collapsed and now Mr. Obama will NOT take responsibility for the fact it was his own party that put us here in the first place!

You’ll never hear this other than on talk-radio and Fox News though. It’ll always be “Bush’s fault” as Mr. Obama “inherited” a horrible economy. YES – a horrible economy that was CREATED BY PEOPLE LIKE BARNEY FRANK, ACORN AND MR. OBAMA!

It is sickening that Mr. Obama keeps blaming the Bush administration FOR ANYTHING! No other U.S. President in HISTORY ever has done this publicly no less repeatedly.

As I used to say to my kids, “Quit whining, quit blaming everyone else for YOUR mistakes and DO something about it!” Good advice Mr. Obama – but I’m not holding my breath in expectation that you’ll take it!


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    • skylinerj34 profile image

      skylinerj34 8 years ago

      No CJV,

      I don't dislike the top 1%. I don't even know 1% of them even though I did sell high end audio and video equipment to a few of them at Sound Advice. Some were nice and some not so nice just like you find cool and horrible people in every culture, country or society. So, I say no! I don't base my judgement on hatred but on basic priciples of courtesy, fairness and justice. I wouldn't mind if I made over $ 250,000 that they took half of it to contribute to the improvement of our society, to improve our education system, provide more opportunities for the less fortunate and create community programs to help struggling families. You see, I don't need a mansion and high end cars to feel comfortable. I feel comfortable when my kids are happy and when they are mentally, spiritually and physically healthy. I'm comfortable when my future wife is by my side. I'm comfortable when I have trustworthy friends. As you can see my values go beyong what the eyes can see. So to come back to the redistribution of wealth thing, I do give you a point when you say government should not always decide where our hard earned money is spent on but I do believe they have an obligation to make sure that the big guy is not taking advantage of the little guy. So yes, there should be laws to protect workers wages and protect fairness in the system. The same way that Government gives increases to their employees to compensate for inflation, so should the private sector. And If your company made huge profits, the workers that helped you make those profits should participate in the benefits of these profits not just the CEO and a few top executives. And what about those abregious fees and interests that the banking industry has been slamming their customers with. With these practices, many have had chewing gums that cost them hundreds and hundreds of dollars. Our market got so free that it literally got out of control and many got away with behavior you could consider outright criminal. And I haven't talked about the insurance industry yet who has profited on the sickness, death and has been a private taxing industry. We don't want the government to take our money but we sure don't mind when Insurance CEOs and agents do.

    • profile image

      Madame X 8 years ago

      Wonderful well-researched hub cjv! Actually, it was the Clintons who passed the law (or regs) that made banks give out those loans. It was a time bomb waiting to happen. They wanted it to explode on Bush's watch and it did, partly, but he put TARP in place and was, of course, blamed by everyone for his huge deficit. As soon as Obama took office he put TARP on hold - CRASH - and then said we had to "bail out the banks" and that it was all "Bush's fault."

      These guys know exactly what they're doing. They understand economic principles and they manipulate them to attain their political ends, which is to turn us into a government-dependent nation so they can all remain in power at our expense.

      Bravo for outlining it all so clearly! Great job!!

    • cjv123 profile image

      Carol 8 years ago from Michigan

      But the 1 % you dislike so much skyliner are 90% responsible for paying the taxes which go towards your beloved "redistribution."

      skyliner - if you feel it is so uneven - let it begin with you. Sell everything you have, everything. Take the money you get from it and all your cash and give it to the poor. Keep only what you need to live a very poor life. Then you'll be even. Just don't reach into my pocket and take my money. I give MY money where I believe it should be spent and my causes for the poor may not be your causes.

      I'll discuss your sources later - but for starters your sources write for the Wall Street Journal. You simply don't want to see the truth I'm afraid. You want to believe what you want to believe and seek out those who are like-minded. But the sources you take from write for the WSJ as well. The WSJ isn't just one guy - it's a huge panel of esteemed experts from the professional and educational field. The very people you "name." It's THE go to source for economic knowledge. So you can choose to believe that the economic crisis is caused by whoever you wish to believe but the consensus of the experts is - the Housing Bubble crashed and it caused a domino effect.

    • skylinerj34 profile image

      skylinerj34 8 years ago

      Actually CJV123, My opinion is also based on writings of economic experts but I personally choose not too follow neither experts on FOX news or any other major news organizations for that matter. I actually try to get the opinions of college professors and independent news organizations because I assume if you're the public relations person for AFLAC for example you'll formulate your opinions base on your self interest. And no Harvey, I'm not for redistribution of wealth because I'm doing bad economically, I just believe in fairness and I want to see some fairness back into the system. And I like I said I don't think it's redistribution of wealth, I call it fairness. I believe the hard working man behind the trenches deserves a decent living as the man in the palace. And I agree with you that many have behaved irresponsibly but where I don't agree with you is when you only put the blame on the poor and uneducated for their misfortune and you ignore the excesses and abuses of the the the rich 1% who is now wealthier then the bottom 95% of our population.

    • cjv123 profile image

      Carol 8 years ago from Michigan

      You da man Harvey!!! Thanks for getting my back so eloquently - and sorry about the NBC/ABC slip-up - but those state-run Obama cheerleading squads all blend together for me...

    • Harvey Stelman profile image

      Harvey Stelman 8 years ago from Illinois


      You have written an excellent personal and investigative article. A correction on John Stossel, he previously worked for ABC, not a big deal.

      Your answer to skyline was on the money, which leads me to the following. When George W. Bush took office the economy was faltering, which was predictable. Every President either luvcks out or is hampered by things that are happening at that time.

      Clinton lucked out with the computer industry. It fueled the economy for years, until it reached its zenith. Bush came in and put in tax cuts which picked the economy up. His had two failings.

      1- The Congress changed and opposed him.

      2- He didn't watch over what "Tarp" was doing in reality. It was designed with good intentions, but implemented poorly.

      I'll go further.

      3- It wasn't possible to understand Afghanistan completely when we got involved, this is not Kosovo.

      4- Bush also had no idea just how far left Democtatic leaders would be.

      Skyline, Bush didn't invent credit cards. I'm not as nice as cjv, American's are very stupid with their money. I assume you need help with your financial needs. If not, you wouldn't want redistribution. Is it possible you are thinking of reparations; NO CHANCE?

      Only one year for B.O. I hate to see what he will try in his next three. In one year he has already been on TV and traveled more than any other President. Foreign leaders laugh at his inexperience. He gives the Queeen of England a CD of hs speeches; how narcisistic can he be.

      Our debt is what B.O. craves. Less jobs and more people dependant on the government.

      Live within your means or you will fail in any society.

    • cjv123 profile image

      Carol 8 years ago from Michigan

      Skylinerj34 - there are a number of things wrong with your assumptions - I'll tackle just a few: I didn't come up with the opinion that the Democrats caused the economic melt-down - The Wall Street Journal did (as referenced in the Hub you are commenting about) as did many other economic experts. I'm not smart enough in money matters to have thought this concept up. In fact, John Stossel did an hour long report and reached the same conclusion back when he was with NBC. So I can't take the credit for that. The fact is - the Democrats put into law that the banks HAD to make flaky loans, and those loans defaulted. Banks hold the money for the country - they hold the money for Wall Street which fuels our economy (HELP ME OUT HERE HARVEY! LOL). When the numerous loans defaulted - SOMEBODY had to pay - and it ended up being us. It was the domino affect in practical application. SO - the conclusion drawn very logically so is - the Democrats caused the economic melt-down.

      The economy was on solid ground until that happened. Look at the economy prior to Congressional take-over of the House and fairly shortly after. The economy was sailing along until the Dems took over - it's a logical chain of events that if you would look at closely, instead of being blinded by party-loyality, you would be able to see.

      So I can't acknowledge what you wish me to because according to the experts, it's simply not true.

      And your redistribution of the wealth idea? Sorry - that's just another nice name for Socialism and it has never worked and never will. In addition, it's a Godless system that in this world when applied has always fared well for those in power, but not AT ALL for those in the grip of a Socialistic system. This is true of any country unfortunate enough to apply the Socialistic principles.

      I'm sorry to say, but you have no basis for your conclusions, it's merely your opinion here and I've used reliable sources for my conclusions. And you're right about one thing - Mr. Obama inherited the problem from his OWN party a party that made a good and decent President who NEVER had another terror attack on American soil the entire time he was President following 9/11 (can't say that about BHO already ) - into essentially a lame duck President his second term. The blame lays ENTIRELY on the Democrats - well - not entirely - the Republicans had noodles for backbones and are compliant in their own LAME way - I will give you that. I have NO problem with throwing all of their sorry butts out - Republicans, Democrats - and start from scratch with term limits and a halt on ALL federal spending so we can clean up all the pork being spent with tax payers money!

    • skylinerj34 profile image

      skylinerj34 8 years ago

      Ironic that you say That Obama is playing a blame game on a mess he really inherited Yet you just blamed the whole economic mess on the Democrats. Remember he's only been in power less than a year. Unlike you,I'm not so willing to put the whole blame of the economic crisis on one party, but I will tell you where your calculation is wrong. Even without The democrats' doing and some republicans you should at least acknowledge; we would still be in this mess. This mess was not just created by people taking loans we couldn't afford. This mess was started by a middle class which increasingly had less and less buying power. A buying power which was in the last 30 years replaced by credit. Without redistribution of the wealth which I personally call rebirth of fairness in our economic system, we would have been doomed. With Stagnant wages and mounting debts, our economy was already a bubble which would have eventually exploded. If we look at this mess and focus on just one small cause in a pile of multiple complex causes, I'm afraid to say we will never fix it.

    • ehern33 profile image

      ehern33 8 years ago

      This is a truth that some people don't want to accept. Personal responsibility is nolonger vogue. I know a few that have lost their homes for this exact reason. As a business owner I have good times and bad but I live as it were bad times always. So when good times are hear I am able to save, payoff bills and buy cash only so as not to increase my debts. It just becomes a way of life and I am not lacking anything but we do say to ourselves, do we really need it; if the answer is yes, we get it, if no, then we don't. Major purchases are planned out (unless something breaks) and we make sure that something else is already paid off before we get into a new one, that way we stay within our budget. Great hub..

    • ReuVera profile image

      ReuVera 8 years ago from USA

      Someone.....not your own "butt".... Right?

    • cjv123 profile image

      Carol 8 years ago from Michigan

      I totally agree ReuVera - don't you just want to smack someone sometimes??!?

    • ReuVera profile image

      ReuVera 8 years ago from USA

      cjv123, you have my voice!

      Also, this hub is great! People tender to be irresponsible, buying things they cannot afford, putting on their credit cards more that they can really pay and then they are blaming others in their own is funny and silly, but seems to work...for dummies.

      Great hub.

    • cjv123 profile image

      Carol 8 years ago from Michigan

      Eovery - I concur!! I SO concur!

    • cjv123 profile image

      Carol 8 years ago from Michigan

      No Pop - YOU Rock! And you're a great cook to boot! :-)

    • cjv123 profile image

      Carol 8 years ago from Michigan

      Thank you so much maven101! Your comments are much appreciated!

    • breakfastpop profile image

      breakfastpop 8 years ago

      You rock! You live your life with intelligence and you make decisions that make sense. I applaud you both. Obama and his band of idiots wants to make everyone beholden to the government. They bail you out, you owe them your life You escaped and I say hats off to you!

    • maven101 profile image

      maven101 8 years ago from Northern Arizona

      Excellent Hub... Impressive research, articulate and passionate presentation...Our make-believe president and his band of Chicago thugs will be in the dustbin of history Nov. 3, 2012...if not sooner...Thanks for this, Larry

    • eovery profile image

      eovery 8 years ago from MIddle of the Boondocks of Iowa

      People need to cowboy up and take responsibility. I tired of these "free people" or liberal, think they are to free to take on responsibility and moral values.

      Keep on hubbing!

    • cjv123 profile image

      Carol 8 years ago from Michigan

      Thanks SO much Jiberish for your vote - the publisher made it SUCH a pain to do this whole contest - so I REALLY appreciate anyone who votes!

      And ISN'T it what the left is DEFINED AS? Crybabies!

    • jiberish profile image

      jiberish 8 years ago from florida

      It's what the left does best! You got my vote!