Bush mucked things up so bad that even Obama can't fix it in just one term.
its funny how the first “black” president stems from slaveowners not from slaves
See my tag. 0bama is like a mechanic who promised he'd fix your car claiming he knew his thing. If later he claims the damage was so bad, it simply shows that he actually didn't know a squat about what was going on then. If he knew, even if things were worse than he thought, at least he would have a short-term solution to slow down the damage. Obviously he didn't because things has gotten worse.
You forgot the /sarc. The black community has collapsed because the black family structure has imploded. Black males get all the sex they want with no attendant responsibility for the children they sire. The majority of black kids grown up in female households always on the edge of poverty.
Bush’s neglect to enforce existing SEC and bank regs allowed the mortgage scam to fester and spread, and eventually the whole banking system imploded causing an economical meltdown. FBI warned Treasury of liar loans in 2004 when they became concern about them after finding widespread usage of them by white collar criminals they investigated. No one in Treasury did anything. If Obama wanted to be real popular with the American people he should have loosen up business regs, lowered taxes and refrained from adding more gov programs that will add to cost of doing business in a Recession so business can pay down their debt and establish a financial foundation for recovery. Even ancient emperors understood the concept of a tax holiday on provinces hit by natural or economical disasters. Furthermore, in lieu of catering to crying Treasury Department that any criminal prosecution of scheming bankers will hurt Wall Street morale because the schemers are also the only experts who know how to dismantle the derivative laced debt. Obama relented and all the Wall Street bankers got were fines/settlements that are fraction of all the ill begotten profits they made from liar loans, false documents and prospective on mortgage backed securities rated AAA when they were actually junk plus all the robo signing of titles. At least Bush 41 and Clinton had up to 900 bankers and investors on trial for the Savings and Loan Crisis of the 1980’s and hundreds of investigated banks immediately shutdown after a regulatory audit. There was no changes to accounting rules to hide bank losses and the RTC took over all bad assets and sold them off in monthly auctions. Today banks get bailouts, changes in accounting rules and encouraged to hold all foreclosed properties with taxpayers money to placate the Real Estate interests. In other words Obama was worst then Bush. Bush did not monitor his admin when they neglected their duties. Obama knew of the mistake made by Bush and did nothing to remedy it, instead he worked with the Bankers who broke most of the rules and committed most of the fraud. Obama had a chance to be America’s second Teddy Roosevelt, but he squandered the chance. Time for a new butt kicker, and the GOP got one name Herman Cain.