TemplarKormac
Political Atheist
- Mar 30, 2013
- 50,418
- 13,751
Both sides are equally guilty of screwing the country for political gain. My economics professor said the Democrats pulled those same tricks in 2007 and 2008 to hamper the economy just to score political points at election time.
The sooner everyone in this country realizes the political parties and politicians are not our friends and are only in it for themselves, the better off we'll be as a nation.
The Democrats didn't have to pull any strings to get the economy to tank in 2007 and 2008. The writing was on the wall , and to be honest, there wasn't much anyone was going to do to stop it from crashing. Now, blaming Republicans and Bush for the crash completely is a bit ridiculous because there were so many factors involved. The real truth is that many of Greenspan's moves to keep interest rates ridiculously low helped create the housing bubble. Those same moves kept the economy from going into recession for most of Bush's time in office. Had it not been for those low interest rates, we almost certainly would have been fighting a recession for most of Bush's eight years in office.
The Democrats didn't have to pull any strings to get the economy to tank in 2007 and 2008. The writing was on the wall , and to be honest, there wasn't much anyone was going to do to stop it from crashing.
Sorry you're not getting out of it that easy. When Democrats took both houses in 2006, they proceeded to oppose Bush on just about everything he wanted done, much like what Republicans are doing now to Obama. When Bush proposed setting up a committee to handle Fannie and Freddie, Democrats shot him down. People knew the meltdown was coming; Bush wanted to avert it, Democrats were too hellbent on damaging it to foist blame on Republicans. The strategy was so predictable, a three year old could have seen that coming from a mile away.