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Need confirmation or otherwise on how the economy got to this point.?
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Need confirmation or otherwise on how the economy got to this point.?

The way I always understood it, was that the democrats created liberal housing programs to enable anyone to purchase a home, which I believe started back with the Clinton Admin., which allowed the mortgage industry to rape people, that in turn drove house prices up, those loan programs came due, making people's mortgages go up, therefore, many just walked away, causing many foreclosures, then in combination with the expense of the war is how we got where we are today.


    




Alex G
It started with good old Ronald Reagan's deregulation. From then on things went downhill. And the war spending helped make the grave deeper. When those charged with safeguarding our wealth ignore their duties crooks take advantage of the situation.


Sidwell
the expense of the wars - that is the UNDERSTATEMENT of the year.


Thomasina Paine
Bottom line is globalization - marxists are destroying first world countries to build up third world countries. Wilson's policies started it. The housing mess lies with liberals.





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