REMINDER: Big government caused the recession.
 

http://www.businessinsider.com/did-t...cession-2009-3

1. The Fed?s policy of intervening in the economy to push interest rates lower than the market would have set them was the single greatest contributor to the crisis that continues to unfold before us.

2. Making cheap credit available for the asking does encourage excessive leverage, speculation, and indebtedness.

3. Manipulating interest rates and thereby misleading investors about real economic conditions does in fact misdirect capital into unsustainable lines of production and discombobulate the market.

4. The Fed?s intervention into the economy can give rise to the boom-bust cycle, making us feel prosperous until we suffer the inevitable crash.

New Flash!

One car has products in it from 1000 different companies that employ millions of
people.

All our enemies buy our cars.
They can't buy them when we are blowing them up.


We broke ourselves by killing people who bought our shit and sold us supplies to build
the shit that we sold back to them.

Every single company in the world that relied on Iraq for some supply went
without those supplies when the war started. Those companies went broke
and could no longer provide their secondary product to the tertiary businesses
that needed it to make their money. Do you see the chain reaction that took
place once companies ran out of their stock pile and the war was still raging?

Nope, you don't....you're a republican.

Further :

Oil is traded in dollars which means Iraq had to send all it's oil sales money thru
american banks. No Iraq oil money means banks not having that money.
Is their a problem with banks and money now??

Thanks for the number crunching mumbo jumbo though.

:1orglaugh


Don't evolve so intellectually high that there is no where to go except back to
being stupid by thinking you can reduce human life to a sheet full of fucking numbers
and ignore the omnipresence of common sense.

REMINDER: Greed started the recession.

It is their fault because of deregulation. Free markets dont care about stability they care about there fat bonuses. Big companies leveraging 35 to 1 had nothing to do with this, its the little guy in cleveland who couldnt pay his mortgage. When people say that Im like did you really think about it or just parroting what the media told you?

The federal reserve is the root of all our problems.

Bill Clinton did alot of deregulating. He also forced banks to lend money, even to people who could not afford to pay it back.

It was all a house of cards, built on the idea that real estate values never go down. Well, guess what? They did, and mortgages reset at higher rates, and millions of little guys in Cleveland and other cities couldn't pay.

The banking deregulating, allowing for large financial service companies, did not have much to do with the current crisis.

And his name was BINGO!

This is where my sig goes.

greed and stupidity from both sides, and to be clear, this didn't start ten or even twenty years ago, the fucked up system we are watching unravel started during the "Gilded Age" about a century ago.

Hawkeye is spot on. To the people that blame it on the free market - WE DONT HAVE A FREE MARKET.

all the deregulating that bush did? that would have an impact as well right?

why just say clinton?

I think a few of you should learn what Credit Default Swaps are and then talk about what tanked the economy... :pimp