Quote:
|
Originally Posted by pgardn
OK.
This is almost exactly the way I look at it
except that there is more than the plan
to be pessimistic about.
I would have to believe our foreign affairs situation
has also played somewhat of a role.
I would also note
that most of the other major economies are going
through very close to the same thing we are. With Great Britian
taking to a plan that is very Obama like before
Obama. And with lots of foreign economists sneering
at us for thinking the free market would take care of
itself. And Greenspan apologizing for his role in believing
too much in this.
Finally. The Bush adm. watched the market take its largest
plunges. This must also be explained. This did not start
because of over regulation and not because Barney Frank
insisting mortage companies give bad deal loans to poor people.
|
maybe so , but when did the deregualtion occur who signed and what treasury secretary endorsed and then for the good of man spent the next 6 yrs in chicago with obama helping out inner city communties , oops i mean went to ny and became a special advisor to citibank and made $100mm big ones?