Dumbass, the 100% democrat authored mortgage give away and the resultant housing bubble caused our present recession, you douches own it 100%.<quoted text>
The right - they nearly kill this country under Bush & now think the suffering they caused is amusing.
Why don;t you people backup your sorry asses & just GTFO
The leftist Washington Post, ur full of crap.
WHAT A SURPRISE BO is a lying SOS:
Obama's claim that the Bush tax cuts helped cause the economic ...
Oct 1, 2012 – FACT CHECKER | It's time for Obama to retire the talking point that Bush tax cuts and deregulation caused the 2008 economic crisis.
We should stipulate at the outset that Romney adamantly rejects the idea that he has proposed more tax cuts for the wealthy. His plan would cut tax rates, but also eliminate tax deductions, which he says would make the plan revenue neutral. But no one has proven that his numbers add up, and the respected nonpartisan Tax Policy Center concluded that the available details on the Romney plan suggest taxes would decrease for the wealthy but rise for the middle class.
Romney has advocated repealing the Dodd-Frank financial regulation bill. As for the role of deregulation in the crisis, there certainly has been news reporting showing that the Bush administration generally took a hands- off approach to regulating financial institutions.
But others would note the irony of Clinton citing the perils of deregulation under Bush because he also is culpable. Clinton signed into law a repeal of the Glass-Steagall law that separated commercial and investment banks — a policy shift that some have said also played a role in the economic crisis. Moreover, Clinton also signed into law the Commodity Futures Modernization Act, which essentially removed derivatives contracts from regulatory oversight. By many accounts, derivatives, such as the credit default swap, were at the heart of the financial crisis.
Indeed, Clinton has admitted that he was given wrong advice about the need to regulate derivatives contracts.“I think they were wrong, and I think I was wrong to take” their advice, Clinton said of his economic advisers.
The Dodd-Frank bill tightened regulations on derivatives contracts, thus reversing the decision that Clinton — not Bush — had made.
While one can argue whether deregulation under Clinton or Bush played a bigger role in the financial crisis, the notion that the Bush tax cuts “led” to the 2008 crisis is especially puzzling. "
Wise up, dummies.