BDBoop
Platinum Member
- Thread starter
- Banned
- #41
Ah, but you must remember, he has been President all of two minutes now, so it is all his fault, and has absolutely nothing to do with the policies put in place by the previous administration.
Policies like:
(1) the Community Reinvestment Act,
(2) Propelling China in the WTO,
(3) NAFTA,
(4) GLB,
(5) Making student loan nondischargable and federalizing student loans which both skyrocketed college tuition to unaffordable levels and
(6) the winner - giving Fannie Mae and Freddie Mac the power they never had before, to create a secondary mortgage market, where loan originators could originate toxic loans and immediately sell them at no rish to FM/FM at a nice profit (Note: Fannie Mae and Freddie Mac have produced the largest loses of any company in World history 5 years in a row starting in 2007 and sure to add to the trend in 2012)!
Oh wait all those snowballing events where starting under Clinton (yet ignored by Bush)! The bad policies choices you mentioned were of the Democrats doing!
There are plenty of threads for you to kneejerk react in, you don't need to stay here.