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I'm not a fan of much of what GWB did, but the roots of the
Posted on: August 5, 2016 at 14:42:32 CT
JeffB MU
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sub-prime crisis go back at least to the Clinton era for sure.
and the Democrats were pushing the Congress and the banks hard to lower the standards and to make those loans.
and Bernanke was hard at work blowing the massive bubble that blew up in our faces... and Obama rehired him to try and continue the utter stupidity and to double and triple down... to try and reinflate the bubble, much like an addict ramping up the dosage for his next fix when he crashes.
But what can't continue on forever won't... and this mediocre "recovery" won't last either.
and the Democrats were pushing the Congress and the banks hard to lower the standards and to make those loans.
and Bernanke was hard at work blowing the massive bubble that blew up in our faces... and Obama rehired him to try and continue the utter stupidity and to double and triple down... to try and reinflate the bubble, much like an addict ramping up the dosage for his next fix when he crashes.
But what can't continue on forever won't... and this mediocre "recovery" won't last either.
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I'm not a fan of much of what GWB did, but the roots of the - JeffB MU - 8/5 14:42:32