Depressions all start out as garden variety recessions. It's who is in control afterwards that determines how long it lasts. Government intervention always kills free markets. We saw it with Hoover, we saw it Roosevelt, we saw it with Bush, and we see it with Obama. All four are to blame but with different severities.<quoted text>Republicans were in charge cutting taxes, unions and jobs leading up to both the Great Depression and The Bush Depression (that we're still in)
That's the problem with you hypothetical idiots. What you want has been tried and failed miserable each and every time.
You're a Republican, no matter what you want to tell yourself.
The downturn started with the price of gas and housing. Gas skyrocketed taking money from paying the mortgage. Bad loans were exposed. That had very little to do with Bush other than he saw the problem and failed in his efforts to stop it because he couldn't get legislation past the Dems. Bush failed in beginning the bailouts. Bush failed in huge deficits.
Obama quadrupled down on Bush's stupidity. If Bush could do it once stupid, Obama would go for four times the damage. Bigger bailouts, bigger deficits, devastating debt.
This recession would have been over in under a year with a competent leader. The market saw Obama coming in 2008 and did what I did. Sold the market knowing he'd make things worse being a communist.
Obama is an amateur of epic proportions. The man will continue to fail us and we are headed for some horrible times. At this point, I think it is necessary because there are too many takers in this society. The only way for them to learn is when there is nothing else to take. Unfortunately, we see in some societies that they still don't learn. So it's a huge risk we take of permanent destruction.