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Originally Posted by OrangeYankee  Yes, the Carter Administration, that man's stupidity is still wreaking havoc on us to this very day nearly 30 years after he left office. Pretty much solely responsible for almost all of the instability in the Middle East, Started the ball rolling on a banking disaster, gave away a key strategic point (for those of you who struggle with hanging chads, it was the panama canal), but hey he started habitat for humanity!
Anyway, I am not sure how this thing matured over the years, but I read that Clinton put meat on this law's legs early in his presidency, and fast forward to 2003 and yes Bush wanted to take a strong look at Fanne and Freddie: Hot Air Blog Archive Whose policies led to the credit crisis? I know it's a blog but they link to some NYT articles who, at the time, were heaping on the praise to the political geniuses Barney Frank and Chris Dodd and never realized they were incriminating them in the future.
Of course the gutless wonders aka the Republicans absolutely failed to grow some balls and stand up to them (like every other issue), and even Bush rolled out his Compassionate Socialism and started the government take over of huge portions of our economy. In the end the blame does not fall on any one person or party, because basically our Government probably could be better run by trained circus monkeys who just spend all day throwing their poop at each other... oh wait. |
A lot of hammering around OY, but you sure do hit some nails squarely on their heads!!!
When you get right down to it, the real blame falls to the American voter for electing (and continuing to reelect) the poop tossing monkeys that call themselves our public servants.
Then of course there are always those who try to muddle the issues with partisan demonization of anyone who makes a statement that doesn't fall into their socialist indoctrinated mindset.
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Originally Posted by dan4vols The only reason our economy hasn't collapsed is because 99.9% of Americans don't understand how it works enough to comment. |
Amen, who has more influence on Federal Reserve policy, the POTUS or the BIS? (Bank of International Settlements)?