EdwardBaiamonte
Platinum Member
- Nov 23, 2011
- 34,612
- 2,153
- 1,100
Tax cuts caused the housing bubble. Where do you get this shit from, man?
tax cuts??? To stupid and liberal!!!. Our great economists and newspapers agreed long ago it was liberal interference that caused the current depression by organizing much of the federal government to help people get into homes the Republican free market said they could not afford. Only a perfect idiot could say with a straight face that Fanny, Freddie, Federal Reserve, FHA, CRA , etc etc were not largely responsible. Are you a perfect idiot Rocko??
"First consider the once controversial view that the crisis was largely caused by the Fed's holding interest rates too low for too long after the 2001 recession. This view is now so widely held that the editorial pages of both the NY Times and the Wall Street Journal agree on its validity!"...John B. Taylor( arch conservative, author of the Taylor Rule)
" The Federal reserve having done so much to create the problems in which the economy is now mired, having mistakenly thought that even after the housing bubble burst the problems were contained, and having underestimated the severity of the crisis, now wants to make a contribution to preventing the economy from sinking into a Japanese Style malaise....... - "Joseph Stiglitz"