Laying the blame

[sp1814]

Whenever we read about the economic problems affecting the UK - the general shout is "It's all Gordon Brown's fault".

That being the case, why is President Obama getting the heat for the current turmoil in the US?

Isn't this a product of the Bush administration's mismanagement?

[anotheoldgit]

Well for a start he has been in power for longer than the Tory/LibDems have.

[DTCwordfan]

and he wont get to grips with the fact that Mr and Mrs USA have been seriously overspending themselves and wants to go what the blessed Millipede and Balls-up want to do, that is raise taxes and not cut government spending...

Ironic isnt it that the UK is now seens as of the safer economies - nto good though as come Monday watch the £ e-rate to the others soar, thereby potentially suppressing exports, never mind any economic downturn.

[Sqad]

sp1814.....interesting point.

Wold economic decline has been progressing through the "reigns" of Gordon Brown, George Bush, Obama and the coalition. Each one in turn has taken criticism during their time and believe me Cameron and Osborne are taking their share of the flack.

DT...I agree....it seems that the pound sterling is coming up smelling of roses and also it will be strong against the euro when the markets open on Manday.

One word of warning, the UK economy is as bad if not worse than Greece, the difference being that UK being AAA rated can borrow money at 4 % whereas the Greeks being lower rated borrow at something like 14%

At the moment the UK pound id riding high.

[emmie]

He has taken the flak because he has not been decisive, but dithering and posturing whilst the economy was going up in flames. It may be George W's legacy, but it's Obama ball game, and he hasn't played it well. Any number of reports tv, newspaper articles that i have seen, have him as being too laid back for the general good, that firm leadership was needed and he was nowhere to be found. I don't think he will serve a second term.

[modeller]

You have to remember he is the president not the the premier.
He does not have the power to push through his policies, he does not have the majority in both houses.
He has to compromise with the Republicans. The nearest we have got to that situation is Cameron having to swallow some Lib/Dem guff.

The main cause of the west's troubles was the uncontrolled property market they morgaged their countries's futures on the basis of paying it off over the next 100 years.
When the bubble burst the old guard retired and the new boys are getting the flak.

[Brenden]

Obama had the majority of both houses for the first year of his presidency and pushed though the health bill through with great haste regardless