Obama and the economy

It is so easy to blame our economic woes on Obama.  He is our president, and he is the most powerful single person in the US.  There are many things Obama and his cabinet have done (or haven't done) which annoy me; but I should point out our current economic woes are, for the most part, not his fault.  Yes, I know our budget deficit has skyrocketed over the last several years.  I remind you Obama's been in office only a year and a half.  Further, a great deal of the overspending we're seeing under his administration falls into three categories.

1. Paying for the Iraq and Afghanistan wars.  Neither of these were his doing, they belong to the Bush years.  You cannot blame those staggering costs (nearly $1 billion a year) on Obama; he didn't start the wars, he's stuck with them.
2. Paying for the bailouts of banks and automobile companies.  Most of both of those policies were decided before Obama took office in January of 2009; besides, they would not be needed if the Republican congress under Bush had not repealed most of the banking regulations between 2000 and 2006.
3. Stimulus packages.  In this case Obama had little choice:  either let a failing economy continue to fail or inject some cash into it.  Also, the stimulus bills are not his; while he urged Congress to come up with something and he did sign them, he did not create them.

Again, let's be clear here.  I do not think Mr. Obama is completely blameless for our continuing economic woes.  However, one cannot expect him (or Congress, mostly) to fix in two years a mess the Bush administration (and his Congress) took six years to create and another two years of apathy from Democrats and resistance from Republicans and Mr. Bush himself.

What I'm hearing from people is disingenuous at best, hypocritical at worst.  If Obama and Congress let the Bush tax cuts expire, they'll be blamed for raising taxes; if they extend the tax cuts, they'll be blamed for worsening the economy.  The way I see it, the Bush tax cuts need to expire.  Further, regulations protecting consumers from the runaway profiteering from banks and corporations must be reinstated; those regulations brought tax income into the economy.

For those of you who think Bush did the right thing with his tax cuts, consider this:  he said it would make the economy better and help the middle class.  Well, did they?  We've had eight years to find out.  I think the answer is obvious:  we (the lower and middle classes) are not better off now, we're much worse off.  And before you blame Obama, consider this:  economists agree it takes at least two years for an economic policy to take effect, and Obama hasn't been in office that long.  Further, conservatives (mostly Republicans, and some Democrats) have been fighting Obama every step of the way; how can we know if Obama's policies would work if they aren't passed?

Final thought:  keep in mind our economy is not Obama's only worry.  Historians agree almost unanimously Bush was the second-worst President we've ever had, particularly concerning foreign policy.  Not only does Obama have to fix Bush's mess at home, he has to fix it across the entire world.  Our reputation among the world's governments suffered horribly during Bush's eight years, and the eighteen months since Obama took office is hardly enough to fix that.

The people really responsible for our continued economic problems are Congress, who cannot agree on anything, primarily because many Republicans seek to discredit Obama at every turn.

If you think I'm making this up, please see the memo sent by Republican leader Michael Steele and other strategists to Republican members of both Houses (CBS news at http://tinyurl.com/26mmnrc).  This is public information now; in the memo, Republicans are given various parliamentary and other strategies to stop any legislation proposed by Obama (primarily health care but also other proposed legislation), with no consideration whether the policy is any good or not.  Also see the Facebook group "Stop Obama" and the group StopObama,org, among others.  I cannot remember any worse vitriol directed at our presidents, ever.

In short, I don't see how we can blame Obama for our current mess because a) he hasn't been around long enough to fix pre-existing problems, and b) nor has he been around long enough to create any new ones.  What we can blame him for is not keeping some of his campaign promises, a big one being more transparency in government.  Where is that?