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| Re: United States Economy [message #363055 is a reply to message #362913] |
Sat, 13 December 2008 15:27   |
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Ryan3k
Messages: 363
Registered: September 2004
Location: USA
Karma:
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Commander |
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| Cabal8616 wrote on Fri, 12 December 2008 21:57 |
Oh, and to add, you can thank the nice little democrat cabal in senate and congress who pushed to have these banks give out said loans.
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[Citation needed.]
I think it's bizarre how you ignore the fact that the Republican Party effectively controlled Congress from 1994 to 2006, as well as the fact that the Bush administration pushed hard for subprime lending. How is it that you are able to blame the then-minority party for this situation?
The subprime crisis clearly is derived from a lack of government oversight on risky lending practices. The Democratic Party, economically speaking, is generally pro-oversight compared to their laissez-faire opponents on the right. Your argument is truly baffling.
Educate yourself.
A Path Beyond
[Updated on: Sat, 13 December 2008 15:32] Report message to a moderator |
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