Msg. 43946 of 65535 (This msg. is a reply to
43916 by
killthecat)
Jump:
KTC> Bush also stuck Obama with a housing crash, a financial crisis, an economy heading down the toilet,
and a trillion dollar budget deficit.
Telling lies are, we, KillTheCat?
The budget deficit did not hit a Trillion till after
obama 'worked his magic'.
The financial crisis and the toilet diving economy
were a direct result of the housing crash.
What you completely and utterly fail to understand -
is that the housing crash was caused by governmental
mismanagement.
WHO told fannie and freddie to buy lots of sub prime
mortgages?
WHY was they told to buy those mortgages?
Everything else is the result of stupidity.
Housing loans were made to anything that could sign on
a dotted line - Why? - because some moron in the
government mandated that 'We' would buy loans to stupid.
Obama took office in January 2009. Dow Jones was about 7000.
Bush also stuck Obama with a housing crash, a financial crisis, an economy heading down the toilet,
and a trillion dollar budget deficit.
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