@cheeb No one said all the problems in the world, but you. Bush, however, is responsible for a huge increase in the national debt and for not taking action to ameliorate or limit the current economic crisis. To fail to recognize and acknowledge that goes beyond partisanship into willful ignorance.
That said, no one person or party is to blame. I think this lengthy, but clear article at factcheck.org shows the complexity of the situation and how is has been building for some time.
Here is a very clear graphical representation of the growth of the national debt by President.
Here are some additional facts:
“it’s hard to crack down on somebody who gave millions of dollars to your campaign. For example, during his 2004 presidential campaign, Bush received $7.8 million from Ameriquest (a giant of the subprime mortgage industry). They also helped pay for his inauguration.” Source
“Enron is long gone, but this episode – as much a warning for our financial security as the 1993 World Trade Center bombing was to the threat of wider terrorism – carries some telling lessons as our best minds struggle now to save the economy.An article about the meeting appeared a few days later in The Wall Street Journal. The next day, Mr. O’Neill was in Florida addressing chief executives of America’s top 20 financial services companies. They piled on. One told the Treasury secretary that he’d “rather resign” than be held accountable for “what’s going on in my company.” A phalanx of outraged financial industry chiefs, many of them large Republican contributors, called the White House. Real reform was a political dead letter.” Source