[casinoboneerer]

Pretty powerful that all 50 states opposed this reckless & corrupt move by the Bush administration and that these lending practices directly lead to the housing melt down.

[OixKKcj1]

4 MORE YEARS!


sorry, tradition

[TeftyJokip]

Bush caused the recession?

So it wasn't the fact that the world economy is slowing due to rising inflation caused by rising energy and transport prices? Or due to rising inflation meaning people have less money to spend but rising credit causing bad debts and writing off of loans thus undermining the value of several key world currencies? Or even due to rising unemployment and government social responsibilities causing governments around the world to largely over-spend budgets reducing the amount of currency flowing through their local economies which messes with interest rates, stock markets and international debt?

I understand now. I'll just tell my economics professors in my Uni course they got it wrong.

[Petrushkaukrop]

Originally posted by Harry Tuttle
What is this? Did your newsletter come today? Every week, I swear. It's the Washington Post for god's sake.

[poulaMahmah]

It would have taken an intelligence far more advanced than George W. Bush's to have directly caused this recession .

[cbUDaNFRu]

I believe the point of the Washington Post was that this was an unintended consequence and the Bush Administration's policy to pander to big financial donors. In other words a failure of over sight due to their insatiable demands for ever more bribes/"contributions".

[bataovady]

Which is what I said. I copied the thread title from some where else because I knew it was catchy and would get lots of views.

[Hokimjers]

Because the person in the article claims it was? Stop killing the messenger boys.

I reported about an article in the Washington post and provided a link. I didn't state which parts I agreed and disagreed with until later in follow up posts.

[Wheldcobchoto]

actually, post number 2 is much more interesting and lends more credibility to post number 15

[melissa]

Go read your pamphlet. Jeezus!

[duceswild]

It seems to me that the economy was in a rough spot after 9/11 and everyone was rightly worried about recession at that point. The crisis was averted however by a giant boom in the housing market. As far as I remember the housing market was pointed to as one of the main engines that helped the economy rebound and grow. I remember Bush mentioning it in a State of the Union address a few years back as an example of how great the economy was doing.

So it would seem to me that the housing bubble just delayed the inevitable.

[MauroDarudo]

I blame Bush!

[paydayus]

Originally posted by OzzyKP
It seems to me that the economy was in a rough spot after 9/11 and everyone was rightly worried about recession at that point. The crisis was averted however by a giant boom in the housing market. As far as I remember the housing market was pointed to as one of the main engines that helped the economy rebound and grow. I remember Bush mentioning it in a State of the Union address a few years back as an example of how great the economy was doing.

So it would seem to me that the housing bubble just delayed the inevitable. This young man is wise beyond his years.

[Figelac]

Originally posted by Oerdin
This young man is wise beyond his years. Ozzy is barely a few years younger than you...

[warrgazur]

Originally posted by AAHZ
4 MORE YEARS!


sorry, tradition 3rd term

I can bet that the next one will not be nearly as funny, so we need the third term

[Virosponna]

Oerdin,

The governments job is not only to regulate the banks but to make them strong to help the economy. That's what the OCC was doing. No one anticipated the crisis, including the banks and their experts.

I think that your mistake is claiming that state regulation would have prevented this. There's no evidence of that.

[Vitoethiche]

I found it

[Dwnijzhd]