Quote:
Originally Posted by OldJeff
My ass feels fine, especially since THE TOP WORLD economists stated that the current recession started in January of 08 (12 months AFTER Democrats controlled both houses, AND all the spending).
I also feel even better since I do not get my news from comedians such as John Stewart. I find his show to be very entertaining, but not exactly the place to look if you are looking for any factual information.
Sit back, have a nice big glass of Obama flavored kool aid, and enjoy the ride as we have one failed economic policy after another under Jimmy Carter round 2, we already have double digit unemployment, with inflation and interest rates to follow.
Are you old enough to remember Jimmy Carters utter failure at the job ? You are seeing it all over again, maybe even worse since Carter did not actually think that the answer to everything is to have an already dis functional federal government run everything.
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Just so we are clear you believe that in 12 months the democrats caused all the problems that we are having right now? It has nothing to do with all the sub prime mortgages that had been given to anyone who fogged up a mirror when the breathed over the last 5-10 years? It has nothing to do with the de-regulation of financial markets that allowed companies like AIG (and many other big banks) to over leverage themselves as they traded commodities that basically had no financial backing or overextended the credit lines that they created and were based on these sub prime mortgages that eventually went bad? It had nothing to do with the fact that the Bush administration pushed hard to keep interest rates down so that housing starts would continue and home values would continue to rise which overinflated the market?
I'm certainly not saying the democrats are not to blame - there is plenty of blame to go around for both parties. But to think for a second that all of this occurred in one year is crazy. This is a perfect storm that has been brewing for about 15-20 years and finally got here.