HuntlandVolinColo
Rocky Top High Colorado
- Joined
- Feb 27, 2011
- Messages
- 14,712
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Conservative economics brought us the Great Recession of 'o8, you conservatives are FOS, and blame your ills on every one but the ones that bare the responsibility. The OP made a bad decision , it's his fault he lost his job ! :roll eyes: :rtfm: :bs::bs::bs: Here we go again mods. ! Good luck finding employment OP, despite the efforts of a certain party, the economy is looking up.:yes:
Not true my friend, non-vetted housing loans for people with bad credit/no credit/ no income proof caused it (fannie/freddie, etc).
Easy loans were started under Carter, expanded by Clinton. Europe warned us in 04 about the problem and W. Bush asked congress to find a solution but the four biggest recipients of payola from government owned fannie and freddie were #1 senator barrack obama, #2 senator Hillary clinton, #3 senator Christopher dodd and #4 congressman barney frank, all democrats, put the kibosh on that reform.
Would fannie and freddies still have failed down the line? Absolutely, but the problem would have been much less severe. Also, stimulips prolonged Great Obama Recession by wasting resources and reducing available investment capital for private enterprise, especially small business.