pedestrian "Under their watch the biggest fraud the world has ever seen took place." rubbish, the war debts are trivial compared to the stupidity of regulating the US banking system to give out unsecured loans, by government order!

When did the GFC happen .. under Obama's watch.

Who pushed Fanny Mae and Freddy Mac into hosing money to people who could not afford it, with "no docs" loans, the Democrats.

Suck it up, you reap what you sow - it's actually really funny that Obama got in just in time for the effects of the GFC, banking crises, caused by the democrats during previous presidencies, to hit.

The wars cycle money into the community via the technical, engineering and manufacturing they create, the US always gets stronger with war. At the same time that drives innovation and development.

What came from the democrats trying to hose poor people into unaffordable housing with stupid loan structures? A GFC.

Obama wanted yet more public debt with his health system and a raft of other things the Americans clearly did not want or had changed their minds about.

Fools at the levers, and the tea Party was a reaction to it. They didn't need the Tea Party folks when the Bush's were in power, they stood for American values.

The mid-term elections were won because the inmates managed to escape from the institution and they went looking for the Bushes, the poor things. Tea bushes grow well in critical areas of the US...and see what you get.

It'll take some time to round up the inmates and get them back. The trouble is that the seekers are themselves as bad. The inmates mAy well take them in with them. Solidarity and all that.

LOL

socratease

The left will repeat their mistakes because they cannot see they lost the mid terms election for their policies, not for the Bushs, not for the wars not for any other reason than Obama did not live up to what he promised.

Blaming the voters is a sign that you don't get it.

If they re-elect Pelosi as leader of the Democrats next year, then we will know for sure, they don't get it.

"It's you, you idiot!", could easily be the catch cry of the mid terms elections .. so when the democrats do their analysis into why they lost do you think they'll blame themselves?

All the posters blaming Bush, I and II, blaming war, blaming blaming blaming, everything and everyone except the ones who did this to themselves, Obama and the dems

We see the same thing here, the voters have been fooled by the green, the coalition by whatever .. but the ALP just can't come to grips that it's them!

talk about hubris ..

rpg - feel free to transmit from your fairyland...You are most entertaining!

The reality is that the old U.S. of A is well and truly recumbent in the economic mire, having been dragged a good deal of the way there by Messrs Bush, Cheney and Rumsfeld.
However, Americans, like most Westerners, can't get their heads around the proposition that there are no quick fixes to a sunken economy - especially if you continue to conduct "business as usual".
Certainly, a "down home firebrand" like Sarah Palin is capable of striking a chord with the people, but her shrill cries only serve to further drown out the reality while encouraging denial of the rot in the system.

*When did the GFC happen .. under Obama's watch*

Err not so Amicus. Lehman crashed in September, that is when the
global financial system started falling apart. Paulson was
already shoveling out money, to try and rescue things, to no avail.
GM and Chrysler were already receiving Govt payments.

By the time Obama came along in the following January, the US
economy and global economy were already well and truly in the ditch.

It was under Bush's watch that the SEC was turned into a toothless
tiger.
It was under Bush's watch that ratings agencies were labelling
everything as AAA, with impunity.
It was Bush/Cheney's ideology of no regulation required, that was
at the root of the problem.

Compare that to Australia, where we had learned from the HIH fiasco.
Costello installed a tough new regulator, the results are there
for all to see.

Fact is Obama is hardly left wing, in fact more right wing then
our own liberals.

On the global scene he has made a massive difference. The old
Bush sabre rattling did little but create alot of enemies for the
US. Obama understands the value of people skills, as did Clinton.
Bush was battling to walk and chew gum at the same time, he
was a dummie.

So Americans are paying a price, for getting it wrong. Fair enough.

When Clinton left the White House, the budget had a surplus. When
Bush left, the cupboards had been stripped bare.

Luckily Obama won, for a folksy dimwit like Palin would have the
US in another war, before we'd know it. Who knows, the may yet
happen. That trailer park trash are not always the brightest,
neither are the religious right.

yabby "When Clinton left the White House, the budget had a surplus. When Bush left, the cupboards had been stripped bare."

Clinton left office 2001, US Federal debt was $5,759 Billion

Bush left office 2008, US Federal debt was $10,413 Billion

Where's that surplus yabby?

What a dreamland the left lives in, still doing the hopey changy thing with Obama ..

poirot, entertaining, I find it hilarious that you all try to twist the facts and blame everyone but the culprits here Obama and the democrats.

they failed .. the US public has turned

next we'll see them vote in someone with clear vision, like Sarah Palin, because that's what they want - whether the left in Australia or the US does or not doesn't matter, because the US public wants it.

We'll all have big laugh won't we, when she wins (over all the left's spite and bitterness), because she more than Obama represents your average American.