Thread: The Obama Boom.
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Old 03-18-2009, 10:18 PM   #113
Mavdog
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1) your preoccupation with "subprime" shows your lack of understanding of the economic crisis we find ourselves in. subprime class mortgages have never been the largest block of loans made, and it is only a part of the issue. debt swaps, derivatives, off balance sheet lending, arms...

google "bush ownership society" and educate yourself.

2) the tax cuts coupled with huge deficits contributed to an overstimulated economy, along with cheap money and easy leverage. the result is a breakdown in the markets.there's an inabilty to understand true value of assets.

we'll know in the next few quarters if the increase in money supply is going to solve the issue, at this point it's uncertain.

one thing for sure, there's going to be a huge bill due when it's over.

and a large part of the blame for our country's situation falls squarely on the lap of the bush administration.

Last edited by Mavdog; 03-18-2009 at 10:36 PM. Reason: left out a point
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