Economic Darwinism

Obama Now Owns This Crisis

Posted in Financial Crisis, Obama by Economic Darwinism on June 13, 2009

When President Obama took office, he could legitimately argue that he inherited this crisis. He can no longer make that claim. Obama, through his poor decisions, now owns this crisis.

Here are his primary blunders:

The only thing left to do to seal his fate as the largest disappointment in the history of US presidents is to appoint Summers as Fed Chairman once Bernanke’s term ends in January.


2 Responses

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  1. Scott Grannis said, on June 15, 2009 at 2:39 pm

    You forgot at least one major blunder: Allowing Nancy Pelosi and Harry Reid to write the Stimulus legislation.

    • Economic Darwinism said, on June 15, 2009 at 2:49 pm

      So that’s what happened to it? Ugh. Thanks for the addendum. I’ve been busy appending acronyms to my business card for the last year, but hope to keep up with things better now that I’m relatively free.

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