Alito and Roberts, two bush appointees, got citizens united passed. Now you see how important 2000 was to Republicans and the rich. They implemented bushanomics and screwed the global economy and you blame pelosi. The Republicans are a joke but yet they've conned half the middle class. Amazing but I know we can live together. America needs cons and needs liberals. We need rich people and the world needs ditch diggers. I get it
The collapse of 2008 was forecasted in the mid-90s, it was going happen, no one could stop it. Companies were spending and expanding beyond their means, citizens were buying on credit and not saving money. They were living beyond their means. The dot com bubble burst in 2000 and we went to the housing bubble. Citizens United would never had come to the Supreme Court had CFR not of happened.
Nonsense. The DOT COM Bubble Burst and the economy died and GW's 1st term was DULL.
Upon commencement of his 2nd term, Derivatives, and thus Jumbo Mortgages for anyone who could breathe, went hog wild.
Nonsense, the dot com started to bust in the third quarter of 2000, in March of 2001 we went into a recession a month and a half after Bush took office. In September, October of 2000 and on into his inauguration he talked about the economy slowing.
Again, in the mid 90's a big recession/depression was talked about because of dot com companies valued way less than their stock prices, consumers were borrowing at 125% of their homes values. The spending was out pacing savings. It was inevitable, anyone with a brain saw 2008 coming. Also in the mid 90s Clinton started financial deregulation, which in many ways set the stage for the excesses. Among his biggest strokes Clinton signed the Gramm-Leach-Bliley Act, which repealed the Glass-Steagall Act, a cornerstone of Depression-era regulation. He signed the Commodity Futures Modernization Act, which exempted credit-default swaps from regulation. Then in 1995 Clinton loosened housing rules with the Community Reinvestment Act, which put added pressure on banks to lend in low-income neighborhoods. Many of these helped spur the collapse. I also blame Bush for not clamping down on Fannie and Freddie. Plenty of blame to go around. To claim one person was responsible for 2008 is partisan bull shit.