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Sigh, you remembrance of history, or at least your understanding of history is lacking.
Here read about the effects of Y2K; American RadioWorks - The Surprising Legacy of Y2K
They were far more lasting then most even realize. There was a whole bunch of money thrown at a problem that never happened.
Dumbass, the reason a problem never happened was because people realized it was coming, spent the money to deal with it, and corrected the problem.
Which is what happens when you have competent government.
No, the 2001 recession was caused by the fact that manufacturers overproduced, and were holding too much inventory. Hence, all those people they hired in the 1990's to fully staff up were unneeded because nothing was required other than to monitor stock in warehouses that wasn't moving.
The solution to that SHOULD have been to spend a lot of money on infrastructure to boost employment. Instead, Dumbfuck Bush decided, "Hey, we need to give tax cuts to Rich People... and then fight a war by borrowing money from China!" And the military spending did give us a boost. Until the check came due.
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Who in public spot light said anything bad about people buying houses? Not many. Like today with Obamacare if people do say one word against they are called racist, it was not different then.
Here listen to the warnings:
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Faux News videos don't count.
The problem was not Congress's unwillingness to act, it was Bush's unwillingness to enforce the laws that were already on the books.
The problem was not poor people buying houses, (which, again, Bush thought was absolutely wonderful and said was an accomplishment of his adminstration.) It was the banks taking those questionable mortgages, exaggerating selling them off as investments that turned out to be worthless. Then they insisted that they needed to be bailed out becuase they were "Too big to fail".