Lindsey Graham starts off by blaming the economy on Obama's policies. That's just a ridiculous notion and I'm surprised that David Gregory just let it slide. The economy went off track because Wall Street took advantage of American lust for home ownership. That happened way before Obama took office. The economy has only been improving since Obama took office. The recession technically ended in 2009. The number of jobs has grown for the past several months and most economists say we're in an economic recovery.
Republicans have been masterful at blaming the Obama administration for the economy largely because Americans want someone to blame -- the government, Wall Street. Americans have been receptive to the republican message because they have been reluctant to face up to their own responsibility in the economic downturn.
Frankly, it ticks me off that as folks across the nation used their houses as ATM machines, I was sacking away my money away at 4% interest. Then when the bubble burst, their paper houses fell down and my interest rate fell to 1%. The mistakes of the masses -- the middle class aspiring -- affected those of us who were responsible. The mistakes of the middle class as they aspired to be rich hurt the poorest most of all. Americans have yet to own up to anything, which means eventually, regardless of who the president is and how many new regulations there are, we'll be back in the same boat. Wall Street will always find a way to make money. That's my New Year's rant.
