Which recession was that? The one that happened after pelosi and the democrats took over the House and Senate?
What did the economy do from 2007 to 2010?
Do you know who signed the Commodity Futures Modernization Act? Do you that exempted default from regulation? Do you know how that impacted the economy?
Do you know who rewrote the Community Reinvestment Act which put significant pressure on banks to lend to low income neighborhoods? See how that impacted the economy.
Do you know who headed Fannie and Freddie? They were not republicans.
Do you wonder why the democrats deliberately ignored all 18 warnings about the bubble in 2008? Big election year, right?
As far as the leftist jews. Most Jews emigrated here from Russia and their descendants listened to their family. Who, for the most part were karl marx sympathizers.
Most Jews today see themselves as liberals long before Jews. They break out the nazi card or victim card when it benefits them. They are hardly kosher. They do not follow any part of the Mosaic Law.
They are still dancing around the golden calf, or whatever false idol they have erected as a god in place of their God.
There wasn't much of a recession when that failure, Obama, took over.
"The unemployment rate announced three days after his election was 6.5%....not particularly terrible. But it was the only economic news, and had Obama insisting we were suffering "the worst economic crisis since the Great Depression."
Obama: U.S. in worst crisis since Depression | Reuters
It was bad. Too many people bought homes they could not afford and lifted the economy for a short time. Then they started defaulting. Home prices plummeted, contractors were stalled, banks were hesitant to lend, and due to lack of new home ownership people stopped buying stuff. Investment banks imploded, we had TARP. It was bad! Mostly due to the mortgage crisis. Bail outs took place for AIG, Fannie and Freddie. Buffet had to inject capital into Goldman Sachs, Lehman filed, BoA bough Merrill, Mitsubishi invested in Morgan Stanley.
It was bad before Obama. He just made it worse because he was not business savvy. He just threw money at the problem.
A. Reuters is Liberal:
"The unemployment rate announced three days after his election was 6.5%....not particularly terrible. But it was the only economic news, and had Obama insisting we were suffering "the worst economic crisis since the Great Depression."
Obama: U.S. in worst crisis since Depression | Reuters
B. The Mortgage Meltdown was totally Democrat caused:
1. Democrat FDR shredded the Constitution....ignoring article I, section 8, the enumerated powers.
He created GSE's Fannie, and his drones followed with Freddie, to do something the Constitution didn't authorize: meddle in housing.
2. Democrat Carter....the CRA, constraining banking policy
3. Democrat Clinton....strengthened the CRA
Under Clinton, HUD threatened banks, again, to give unrequited loans.
Henchmen: Democrats Cisneros and Cuomo.
4. Democrats Frank and Dodd barred any governmental discipline in this area.
It was Democrats and Democrat policies that caused the Mortgage Meltdown
That's the CliffNotes version.