Thursday, June 14, 2012


A majority of Americans get this right-- he is responsible for
tanking our economy. photo:

Washington, D.C.-- As Romney continues to bash Obama on the weak economy, a new poll offers Obama a potential escape: place the blame exactly where it belongs. A new Gallup poll shows that 68% of Americans place the blame for the economy's ills on former President George W. Bush, rather than Obama. Even among Republicans, 49% blame Bush.

Let's start with his grotesque tax cuts for the rich and two unfunded wars. There are many other examples of how deregulation also created a climate that initiated the greatest transfer of wealth to the top one percent making for an unstable economy.

When the middle class loses its spending power, economies will suffer. And, let's put to bed this false notion that rich people create jobs-- nothing could be further from the truth. The demand for good and services, aided by consumers with purchase power grows the economy. Just because wealthy corporations sit on billions of profits doesn't mean they are in the job creation business-- far from it.  They are only motivated by profit and could care less about the national employment rate. 

With this finding, it may be a bit harder for Romney to base his campaign on the idea that Obama wrecked the economy. Of course, he can avoid going on the attack and focus on who would be better at fixing it, although this approach is likely to bring up how well he did as governor of Massachusetts, which was 47th in the country in job creation during his tenure.

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