So according to you, everything was fine until September 28th, 2008.<quoted text>
Try again. No moron left behind...
July 14, 2008: Barney Frank characterizes future prospects of Fannie Mae and Freddie Mac as "solid".
Seemingly every day for about month, a different legendary financial company teetered on collapse. Stocks recorded some of their most dramatic drops in history, including the Dow's epic 778-point drop on Sept. 29 -- the biggest ever single-day slide.
You need to work on your ability to read and comprehend the written English language. I'll give you a hint where your ability to do that is woefully inadequate: "...collapsed our economy...." which occurred on September 29, 2008, after two years (fuck you) oversight by Democrats Dodd and Frank, from whom we heard a constant stream of lies right up to the collapse.
Now, try to answer the post again. Here it is for your convenient reference:
Would that be the recession caused by the Democrats' Marxist CRA program that collapsed our economy after two years of oversight by Democrats Dodd and Frank, from whom we heard a constant stream of lies right up to the collapse, moron?
If you've been able to read and understand the above, then read this:
You're an idiot.
I have news, just because this was when George Bush made the announcement does not mean this is when it started. It started when housing started to collapse & fomented by the recession.
The recession started 4th quarter 2007.