President Obama issues an apology to former President Bush.
(Tuesday) After Federal Reserve Chairman Ben Bernanke blamed the sluggish outlook for the April-to-June quarter on the effects of the Japanese earthquake, President Obama issued and Apology to former President Bush.
The President said, “After we learned that events like the tsunami and earthquake in Japan can sidetrack all efforts to stimulate the American economy, we looked back over the last ten years and saw the pattern in the last administration’s efforts. One can see evidence that the hurricanes like Katrina had a huge impact on the economy, and we believe if it were not for those unplanned disasters, or even the many out of control fires that raged through our country during the Bush years, my administration would have inherited a much stronger economy, and who knows, maybe my Keynesian economic plans would have actually worked. So my sincerest apologies to the former President for blaming him for our current economic problems.”