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December 11, 2008

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Great post, DL. I see the gov's office is backpedaling furiously to say, "No, we really DO want the money."

http://www.idahostatesman.com/531/story/601061.html

Why do you think republicans got us into this mess? It was Clinton and his administration that demanded that home ownership go from 60% of the country to 75%. The only way to do that was to institute sub-prime lending. Not to mention that Alan Greenspan was the Fed Chairman during the Clinton administration. Mr. Greenspan set the Feds Fund Rate to 1% during the Clinton administration stemming many an investor to go outside of treasury bills and into securitized mortgages.

True, Bush did rack up 1 trillion on deficit from the Iraq War...but the problem with jobs and houses started with Clinton.

I voted for Obama...I'm glad he won...but at least I know the facts before I go blaming an entire political party for a 'National' Crisis. It's both parties fault.

Clinton Administration - http://www.businessweek.com/the_thread/hotproperty/archives/2008/02/clintons_drive.html

Credit Crisis Visualized - http://vimeo.com/3261363

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