Quantcast

Ted Cruz: Obama is to Blame For 2008 Financial Crisis

Republican presidential candidate, Senator Ted Cruz recently put the blame of the 2008 financial crisis on President Barack Obama. During a recent event hosted by the U.S. Hispanic Chamber of Commerce, Cruz compared the economic policies of Obama to those of former president Jimmy Carter.

According to Cruz, “Historically, the economy has grown 3.3 percent a year since World War II," he said. "There are only two four-year periods where growth averaged less than 1 percent: 1978 to 1982, coming out of the Jimmy Carter administration, and 2008 to 2012. Same failed economic policies."

Cruz did not select a four-year period that is necessarily representative of the economic policies of Obama since at the beginning of his presidency he was still dealing with the previous administrations' policies. In order to get a more accurate representation of Obama’s policies. Nonetheless, many experts believe that the real unemployment rate is a lot higher than published figures state, especially since many Americans have taken themselves out of the workforce altogether.

Photo: The Mittani

Tell Us What You Think

More News Stories

President Donald Trump has an unusual way of stringing sentences together. He seems to shift gears midway through sentences, forget to finish...

Why bother with dressing up an old scarecrow like a person when you can scare off (or distract really) local thieves with a picture of a scantily...

Somewhere along the way, many celebrities across this great land of ours have morphed into political pundits that take great pride in spouting off...

Erika Poremski left something in her car and ran out to get it. She was only gone for a few minutes, but when she turned around her entire house...

The controversy about the national anthem rages on in the NFL and has spilled over onto high school football fields across the country. In one...

Latest News Stories

There are still 10 days till Christmas, but it seems a real-life Santa Claus has already left the North Pole and headed south to spread holiday...

We’ve all heard the horror stories about the terrible abuses that elderly people endure in facilities where they’re supposed to receive care....

Donald Trump, doubling down on his criticism of former President George W. Bush, suggested Sunday that the 9/11 attacks were preventable.

...

It has been over 20 years since Robert Shapiro has given an interview, and he finally gave his first in two decades to Megyn Kelly. The 73-year-...

Anisa Llega, 24, began working for 84-year-old Donald Hodgins as a house cleaner after the two met at a restaurant where she was working. The...