Will take another five to six years to recover. Fantastic job Democrats
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Pretty much....and the main players in both parties were happy to do what it took to line their own pockets and increase their own power ahead of what was best for the country...Clinton, Bush, Obama, everyone in Congress...they are all a bunch of self-serving whores.
Well...maybe not Bush so much as those around him like Rove and Cheney....Lil' Bush barely had the intelligence to wipe his own behind.
Yeah..I do think that Cheney was running the country while Bush chopped wood out in Crawford.
Yet today all America's problems are blamed on Bush. Go figure.
Federal Reserve officials now fear that the U.S. economy will take at least five or six years to fully recover from the biggest economic downturn since the Great Depression
Fed officials also trimmed their forecasts for growth this year to a range of between 3 percent and 3.5 percent from the 3.2 percent to 3.7 percent they projected in May.
Someone remind me again how much of this growth is GOVERNMENT growth?
Ok OP, since it took about six years or more to get into this situation,why would a rational adult expect it to take LESS time to get out of it?
And does the GOP have a magical plan to get things back on track?
If so, why aren't they out there pushing it?
Federal Reserve officials now fear that the U.S. economy will take at least five or six years to fully recover from the biggest economic downturn since the Great Depression
Fed officials also trimmed their forecasts for growth this year to a range of between 3 percent and 3.5 percent from the 3.2 percent to 3.7 percent they projected in May.
Someone remind me again how much of this growth is GOVERNMENT growth?
We still have not recovered from FDR, Woodrow Wilson, and Teddy R.
Thats just bull crap.. interest rates are meaningless for the purpose of discussion because they would only matter if I was PAYING out.. since FLIC was paying out DUE TO FAILURES, they became broke..
Interest rates are meaningless? The banks were failing because of high interest rates causing the FSLIC payouts.
Loosening regulations as was the case with Garn-St Germain Act in 1982 allowed banks to invest in more risky investments leading to speculation and corruption. Bank failures reached an al time high in 1989.
No, it was not. Consumer confidence was already fading, lenders were starting to tighten up, unemployment was on the rise, and the housing market had already begun its "correction" that's been going on for 4+ years now.
Yeah..I do think that Cheney was running the country while Bush chopped wood out in Crawford.
Yet today all America's problems are blamed on Bush. Go figure.
Bush was the face and voice pushing for 2 wars that were unfunded and huge tax cuts.
The lord of all that is soulless and wrong (Cheney) only came out of his lair of evil every now and then to help reinforce the message (and maybe have another heart attack).
Bush was the one making speeches, calling people who didn't support the wars unpatriotic, telling us Saddam had WMD's and mentioning Saddam in the same speeches as 9/11. (so stupid people would think Saddam was responsible)
If you're going to be the face and voice pushing for bad ideas. Expect the blame. Even if others are the masterminds.
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