Romney: George W. Bush saved economy from Great Depression, not Obama

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Hours after he secured the endorsement of former Florida Gov. Jeb Bush, Mitt Romney credited his brother, President George W. Bush, with keeping the country from a great depression in 2008.

"I keep hearing the president say he's responsible for keeping the country out of a Great Depression," Romney said at a town hall in Arbutus, Maryland. "No, no, no, that was President George W. Bush and [then-Treasury Secretary] Hank Paulson."

With the economy turning around, Romney appears intent on denying President Barack Obama ownership of the recovery, as he's previously argued that any reduction in unemployment has occurred despite Obama's policies.

http://www.examiner...._alerts_article

Edited March 22, 2012 by Mister Fancypants

[Obama 2012 1,714]

Well, he's half-right...

Bush can't be credited with ####### nor can Obama.

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GWB and Paulson did the right thing and Obama was smart enough to not bow to the know-nothings in the progressive base and he continued those policies.

Both administrations get the credit for averting another great depression.

[Orando 57]

The Federal Reserve also did well by increasing the money supply. This point can be argued but the Fed Reserve did not make the same mistake as the central bank did during the great depression my shrinking the money supply and promoting deflation. Bernanke did well to maintain price stability while deflationary pressures and deleveraging was rampant during the great recession.