Cruz Blames Obama For Bush 2008 Financial Crisis
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Everything is President Obama’s fault. Everything!
Republican presidential hopeful Senator Ted Cruz of Texas recently tried to blame President Barack Obama for the 2008 financial crisis.
The only problem is that Obama took office in 2009.
At an an event hosted by the U.S. Hispanic Chamber of Commerce earlier this week, Cruz likened Obama’s economic policies to that of former president Jimmy Carter.
“Historically, the economy has grown 3.3 percent a year since World War II,” he said. “There are only two four-year periods where growth averaged less than 1 percent: 1978 to 1982, coming out of the Jimmy Carter administration, and 2008 to 2012. Same failed economic policies.”
The issue is that Cruz isn’t comparing Obama and Carter. It’s Carter and George W. Bush.
The four year period Cruz picked is not necessarily representative of Obama’s economic policy because, at the start of his presidency, he was still bogged down by the policies of the previous administration. A more accurate representation would arguably be between 2010 and 2014.
Actually, the economy has blossomed under Obama in the wake of the 2008 financial crisis. As of March, the private sector grew for 61 months straight.
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Suzanne McFly May 1st, 2015 at 7:16 pm
Good thing for him is the people who will vote for him aren’t the brightest bulbs.
Scopedog May 3rd, 2015 at 9:53 am
The problem is that they DO vote for him. Meanwhile, folks on our side pull the “not voting to send a message” nonsense.
24news May 1st, 2015 at 8:10 pm
https://www.youtube.com/watch?v=vHnBIK2dwZ4
Maxx44 May 1st, 2015 at 8:17 pm
That was a rip of police? If so, it was a kid glove rip. Beside the fact that this was not a rip of the police, what does it have to do with Cruz’s attempt to rewrite history?
jasperjava May 2nd, 2015 at 8:40 am
Just another example of how facts don’t matter to right-wingers.
No way out May 1st, 2015 at 8:20 pm
24news? Fox news? faux news
fancypants May 1st, 2015 at 8:21 pm
Future reference; if its on fox news ? it doesn’t favor Obama
arc99 May 1st, 2015 at 9:01 pm
REPORT FROM A REPUTABLE NEWS SOURCE:
At an outdoor gathering this morning, President Obama used a rolled up newspaper to swat away a bee that was buzzing around his daughter’s face
REPORT FROM FOX
Obama attacks innocent animal.
Obewon May 1st, 2015 at 8:14 pm
As of March, the private sector grew for another U.S. Record 61 months straight!
Ted, Reagan’s Great Recession tripled Public (national) Debt +187%!
GWB’s 12/07 Great Recession record low everything since (R) Hoover’s Great Depression! 1.08 M eight year private jobs total left “Bush On Jobs: The Worst Track Record on Record”-WSJ 1/09/2009. 2nd worst is GHWB Sr’s 2.5 M jobs, four year total. http://www.politifact.com/ohio/statements/2010/jul/25/sherrod-brown/sherrod-brown-touts-job-grown-during-clinton-presi/ https://www.flickr.com/photos/speakerpelosi/13630053153/in/photostream/ <-BLS March 2014. As of 3/2015, 12 M+ Private Obama Jobs created. Ted Cruz is Satin!
Scopedog May 3rd, 2015 at 9:52 am
Shhhh!! These are facts! But then again, if exposed to them Senator Cruz would probably turn to dust like Dracula…
No way out May 1st, 2015 at 8:19 pm
Cruz is one of the great revisionist buffoons of our time.
KABoink_after_wingnut_hacker May 1st, 2015 at 10:08 pm
Looks like the Canadian is sewing up the amnesiac’s vote. Bravo!
labman57 May 1st, 2015 at 10:26 pm
Never enough time to “do your homework”, always enough time to insist that “facts don’t matter”.
Cruz is reminding us more and more of Sarah Palin — every time he opens his mouth, he lets us know how completely unqualified he is to be POTUS.
Chris May 1st, 2015 at 10:47 pm
I wonder what Cruz’s reception was to this awful deception. Hopefully the Hispanic press took him down.
William May 1st, 2015 at 11:44 pm
Moron
rg9rts May 2nd, 2015 at 7:03 am
Imbecile….been reading Texas text books again
allison1050 May 2nd, 2015 at 8:06 am
lol!
allison1050 May 2nd, 2015 at 8:08 am
wait a minute!! Allow me to pull my tax records from 2007 and 2008 okay? And since I’m in Las Vegas allow me to search the archives of the local yokel newspapers from 2008 and 2009 talking about the real estate crash here the the unemployment rates dumbazz.
OldLefty May 2nd, 2015 at 9:02 am
After seeing Cruz’s CV, I have concluded that he is not a dingbat, he just plays one on TV.
KABoink_after_wingnut_hacker May 2nd, 2015 at 11:52 am
And there are fools who’ll believe anything.
They’re called wingnuts!
William May 2nd, 2015 at 12:16 pm
Lets all remember that Cruz caters to the same base of imbeciles who believe acorn effected the 2012 elections.
Beau Phillips May 2nd, 2015 at 1:03 pm
Ted Cruz 2016… Never let the facts get in the way of your “I hate Obama” narrative…
Carla Akins May 2nd, 2015 at 7:16 pm
This was from a Cruz supporter on Ted Cruz’s FB page.
bpollen May 2nd, 2015 at 10:20 pm
That leads to the eternal question: Who IS Marshall Law?
I also like the idea that there are “secret” terrorists training camps, and it’s only the right-wing nut-job conspiracy blogosphere that knows the truth. If Alex Jones fans are all that stand between America and the evil conspirators, put your head between your legs and kiss your tuches goodbye.