Word: blame
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Dates: during 2000-2009
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...Post (WPO) reporters broke the Watergate story after months of work in 1972 and 1973. The newspaper business was profitable then, very profitable. Some large dailies made margins of over 30%. The Internet as we know it would not be invented for nearly 25 years. (See 25 people to blame for the financial crisis.) The Pulitzer announcement must have brightened an otherwise dreary newsroom. If any regional economy is at risk for completely collapsing, it is the one around Detroit, where in some parts of that city unemployment is already close...
Amid the current economic contraction, there is one thing in abundant supply: blame. Equally abundant is the desire to blame George W. Bush for the recession. Indeed, writers on these pages and others have used our shrinking economy as an excuse to indict President Obama’s predecessor on everything from poor health care to climate change to racism...
...There is no denying that previous administrations helped to create the conditions from which our current crisis stems, but a closer inspection suggests that Democrats deserve the most blame. Both the Bush and Clinton administrations (but especially Clinton’s) recklessly pushed to expand home ownership, fuelling the bubble in housing prices and its collapse. Former President Bush’s failure to regulate Fannie Mae and Freddie Mac permitted the crisis in subprime mortgages to build, though congressional Democrats bear the lion’s share of blame for their obstructionism: They opposed a Bush administration proposal...
...Bush’s actions on taxation, trade, health care, education, and climate more likely cushioned the economic collapse than contributed to it. The Bush administration, the Clinton administration and both Republican and Democratic Congresses all deserve blame for their failures in financial market regulation and shortsighted home ownership initiatives. To blame Bush’s entire domestic policy agenda for the economic crisis, however, mistakes correlation for causation in the worst...
...accused of criminal activity. Details remain scant, but the case involves payments to people who helped make business connections between Rattner's firm and the New York State pension fund. The Obama Administration claims it was aware of the pending investigation when it appointed Rattner. (See 25 People to Blame for the Financial Crisis...