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10 October 2008 @ 11:05 am
So, the dow jones is "hovering" at about 8000 points currently, a few people are talking about the end of capitalism in the US, and international trade is starting to fail.

But look at the "bright" side! On top of everything else this has probably cinched the "worst president in the history of the US" title for Bush! I'd far rather have things done the right way (which is my way of course ;) but when some idiot insists on doing things the wrong way and you have no power to stop him then a nice "i told you so" is a good cathartic exercise before you go cry in the corner. (I'm currently looking forward to doing the same thing about global warming in a couple decades' time. I'll be pleasantly surprised if 95% or so of the worlds climatologists were proven wrong, but i'm not betting on it.)

Of course one can argue about how much control/responsibility Bush has had over the economy, but he's been the nominal leader of our country for eight years. His party has been in control of congress for most of that time. Either they didn't foresee the problem coming or they did absolutely nothing to stop it. At least i haven't heard any well documented claims from the Republican leadership about "we saw this coming and did X Y and Z to try and stop it! Obama is claiming "i told them so!" himself which, as i said above, is a good cathartic exercise for those of us who were powerless, however it's only marginally better than total failure on the part of those who actually had/have power.

So in any case, this happened at the very end of 8 years of Bush management and whether it's a direct result of his policies or not it clearly falls under the category of "on your watch."

Edit: Hey! If we can keep this up for a few more days, then we'll have managed to lose _half_ the total value of the dow jones in just a year! Exciting!
Current Mood: amuseddarkly amused
Just Another Idiottiurin on October 10th, 2008 08:03 pm (UTC)
Ehhh, I still don't think Bush is #1. There's still a ways to go legacy-wise before he can reach Buchanan- though he's certainly coming close to Nixon and may have already passed Harding, IMHO.
DonAithnendonaithnen on October 10th, 2008 08:14 pm (UTC)
I think there are individual issues where other presidents have exceeded him, but has any other president been so well rounded in their disasters?

He's gotten us into a war we shouldn't have been in, he's degraded our civil liberties _and_ he's screwed up the economy! Not to mention the numerous smaller infractions.
Just Another Idiottiurin on October 10th, 2008 09:46 pm (UTC)
Yes. Buchanan. Civil liberties? Well, there's the Dred Scott decision which he praised. He was in charge for the Panic of 1857. He screwed up the Utah War. And then there was his massive error which led to the Civil War being much longer than it could've been...
sthaddeus on October 11th, 2008 03:13 am (UTC)
Does anyone remember when he was elected, and some people were excited that he was the first president to have an MBA? Golly gee, that's great for keeping the economy running!
Andrewneonelephant on October 11th, 2008 04:15 am (UTC)
As little as I'm in favor of most of Bush's policies, it's still not clear to me that economic changes, one way or the other, can be laid at the feet of the administration in charge at the time they occur.

Although being in office for eight years does raise the likelihood that he's been an aggravating factor.