Saturday, August 6, 2011

Economics: The politics of blame

Politico  "The clarity of the downgrade intensifies suggestions that the next year will be in no small part about pinning blame. Republican presidential candidates will blame Obama, and if he wants to escape that, he's likely to launch a more aggressive and direct round of finger-pointing at Republican Congressional leaders than we've seen to date."  Via Taegan D. Goddard's Political Wire

Obama partisans ignore facts when bashing Bush  "As far as tax cuts are concerned, Bush did indeed cut taxes for the wealthy -- along with everybody else who paid income taxes. But does Brown remember that tax revenues actually increased in the years after the Bush tax cuts took effect?"  Byron York.

Obama’s Two Financial Crises  "Why is Barack Obama president of the United States? Media coddling? A weak McCain campaign? A strong, if dishonest, effort by Obama to present himself as a pragmatic centrist? All of these things played a role, but the advent of the subprime crisis at the height of the 2008 presidential campaign was the decisive factor. No drama Obama responded well, while McCain seemed over his head."
Political Cartoons by Michael Ramirez
http://townhall.com/political-cartoons/michaelramirez

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