So THIS makes it's the president's fault?

Ok, so I have been wondering why everyone blames our current president for this "blown-out-of-proportion" economic crisis. I say "blown out of proportion" because it wouldn't be as bad as it is if it weren't for people panicking for no reason. But that's another blog.

So anyway, I asked someone that question and got this answer... He said that Bush loosened up the government regulations on corporations and because of that, businesses did a lot of extra stuff that they previously weren't allowed to do and that's why we're here. Well the point of loosening the restrictions is that it's supposed to be better for everyone--because when businesses do better, everyone does better. It was supposed to help out the free market and have healthy competition amongst different companies. Like for example, deregulating the electric companies was supposed to create a competitive market and lower our electric rates. Instead, what has happened? Our rates have gone up over 50% since deregulation! So who's fault is that? Is it the president's fault? Did he make the electricity cost more? Of course not. Did he make banks and investment companies give people with horrible credit a home mortgage that they wouldn't be able to pay in a few years? No he didn't. So what happened? A business that does well are good for everyone because they create jobs and wealth (not just for the CEO's, but for their employees. Well, in reality, that one statement is true...A business that does well is good for everyone. (Take note of that, Obama.) However, what happened is you got several GREEDY CEO's and business owners that they ended up screwing people over to make their own wallets fat and not worrying about whether or not someone can pay their mortgage because they already got their money--and they already made their bonuses, and they already got their "Golden Parachute" ready. So again, even though I got an answer, it's not a good one... so just as Sean Hannity is still waiting for someone to tell him what Barack Obama has done that would prove that he would make a good president, I'm still waiting for someone to show me why this economic crisis is George W. Bush's fault.