When attempting to make a case for why the public should even consider reelecting a man who has failed to keep nearly every promise he made prior to swindling- I mean, winning- office (http://www.politifact.com/truth-o-meter/promises/obameter/rulings/promise-broken/) there is one fallback that the President would most certainly not use this time around, although it would actually be the truth.
“We inherited this economic mess.” (Or one of a million versions of that statement oft repeated)
We’ve heard this line before, of course. It has been used by Team Obama for four years to explain why his administration can’t seem to do anything with the economy (or anything else). In fact, this line has been repeated so often the mainstream media has taken it as fact, and seems to have completely forgotten about that pesky little housing bubble that was the catalyst for it all. No, now it was all George Bush and the GOP that caused the recession. Never mind that subprime mortgage practices were introduced and encouraged by President Carter’s “Community Reinvestment Act” over 30 years ago (http://www.boston.com/bostonglobe/editorial_opinion/oped/articles/2008/09/28/franks_fingerprints_are_all_over_the_financial_fiasco/).
The Clinton administration and Andrew Cuomo (Director of FHA at the time) only exacerbated this problem (http://www.openmarket.org/2008/09/16/clinton-pressure-to-promote-affordable-housing-led-to-mortgage-meltdown/). Weak attempts were made during the Bush administration to reform lending standards as well as Fannie and Freddy, but these were half-hearted attempts at best.
But to rely on actual facts would mean that nothing was inherited from the previous administration, and someone in this administration would have to assume responsibility. Perhaps the President? Not a chance. Ms. Clinton? Not likely. Maybe the first lady? It would seem not. Eric Holder? Nope. Nancy Pelosi? Harry Reid? Any Democrat in Congress? No, no, and no.
Lucky for Obama, come November this year, the previous administration will be his own, and then he can accurately blame “the previous administration” all he wants. It might just be the first time I would take this President at his word.