Obama Continues to blame Bush

(CBS/AP) President Barack Obama's top aides have launched the battle to push through his ambitious budget package through Congress during a week that has seen further economic erosion, particularly on the stock market.

White House aides blame the Bush administration for creating a situation that made the massive plan necessary and stress that new measures need time to work.

"It's way too soon to start judging success or failure here," White House Budget Director Peter Orszag said on CBS' The Early Show Wednesday. "We inherited a large mess."

Mr. Obama's proposed budget blueprint for the 2010 fiscal year is a part of a series of efforts to reverse America's harrowing economic slide. But Wall Street remained on edge with both the Dow Jones industrial average and the Standard & Poor's 500 index registering their lowest finishes in more than a decade.

That has prompted economists to question the effectiveness of President Obama's recovery plans, reports CBS News White House correspondent Bill Plante.

"The budget doesn't look very promising but why would it? [Office of Management and Budget] and Treasury are doing exactly what we got under Bush, which is more government and more waste," Daniel Mitchell of the Cato Institute told CBS News. "The stimulus plan doesn't seem to have worked and the bailouts don't seem to have worked based on the stock market." - CBS News Story

It would be very nice if the media would do some serious journalism and lay out the facts of how this crisis came to be. Bush bears some blame there is no doubt. You have to go back and look at also the Clinton years, and you most definitely have to look at the actions of Congresses from all those years as well.

Either way you can't be the leader of the United States and blame everything on someone else. You are the one everyone is looking to for resolution and pointing fingers isn't getting the job done. When all of this spending fails to do the job, who will be to blame? My guess will be that it will be the 3 Republicans who voted for the Stimulus. If they hadn't taken away some very important parts of it we would have succeeded. I can hear the cry already.