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Originally Posted by Trungep99
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Republicans love electing idiots to the White House , first Bush now this, I guess one Great Recession for a decade isn't enough. You guys couldn't even vote for a decent candidate from your party. I would have liked the gov of Ohio, but too many alt right people in the Republican Party.
Took Obama to bring our unemployment to a record low of 4.9% this month after the shit Bush did to our economy.
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Yes, because
FDR was a fine Republican and Fannie Mae was another wonderful program conceived by right wing politicians.
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Founded in 1938 during the Great Depression as part of the New Deal,[2]
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I'm sure them buying packages stuffed with loans from people who couldn't afford them didn't have anything to do with the subprime housing market collapse. I'm sure the predatory lending practices by said banks were conceived by right wing politicians, instead of by the bank executives who were trying to maximize their economic gains to earn bigger bonuses.
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The expansion of household debt was financed with mortgage-backed securities (MBS) and collateralized debt obligations (CDO), which initially offered attractive rates of return due to the higher interest rates on the mortgages; however, the lower credit quality ultimately caused massive defaults.
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Clearly it was those right wingers like Bush who are to blame!
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Quote:
Originally Posted by Nihilist_santa
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Crack open a fucking book every once in awhile.
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Very much this. If people researched the drivel that the mainstream media and political hacks spewed forth I think there would be a higher turn over rate in the government.
Disclaimer: I lean left socially and right fiscally(left wing people seriously don't have a clue), but mostly I'm a crummy middle of the road guy.
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