Thursday, January 26, 2012

Real Blame for our financial crisis?

Obama likes to blame Bush for everything, the "failed economic policies of the past".



If you agree that our financial crisis was largely cause by the housing market collapse, wouldn't most blame be on Bill Clinton and Barney Frank?



Wasn't it them who forced Fannie Mae to give mortgages to people who could ZERO money down on a house? It was only fair the everyone be able to buy a house, right, regardless of income.Real Blame for our financial crisis?
The economy could have survived with just the Fannie's fiasco. It was the fact that everything he did a once had a catastrophic strain on our economy. Oil gouging, caused the Auto industry to melt down, which effected jobs, banks Detroit, and the workers that were paid minimum wage. Then there was this stupid war that he had to start and the tax breaks. How did he plan on funding the war, food stamps.

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