cbirch2
Active Member
- Jul 9, 2011
- 1,394
- 49
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From the beginning of the Housing crisis I was hearing many experts talking about letting the market hit rock bottom. Thats the only way its going to recover.
When it does hit bottom it will then recover naturally. It would have done so long since except for the taxpayer money propping it up.
The whole notion that you "prolong" the problem is ridiculous. Government buying that debt overhang is no different from the market hitting bottom. The problem is that conservatives have stopped the process after a minimal amount of spending in a crisis that cost $6.8 trillion.
Republicans are the ones prolonging the process.
Republicans?? Gee I must have missed the election.
Last I heard the Dems occupied the WH and controlled both houses of Congress until Nov of last year.
Now I wonder if either or BOTH parties are voting to prop up the housing market??
Democrats had a filibuster proof senate for just 5 months. idiot. its republicans in state and local legislatures that are gutting the public sector and adding to unemployment. For the last 6 months each jobs report has been partially wiped out by public sector austerity.
Republicans are the problem.