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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: tejek who wrote (177184)1/15/2009 2:35:47 AM
From: Skeeter BugRead Replies (2) of 306849
 
tejek, the 90s is where the foundation of this current crisis was laid.

clinton and greenspan engineered a phony "new economy" and then stood by and allowed the first mega bubble of our age blow up and pop right before out eyes.

the budget was *never* balanced, so clinton also lied to you. yes, he came close, but the debt gre each and every year clinton was in office.

the main reason the budget was almost balanced is b/c of the bubble tax receipts... which instituted a greed zitgeist that has landed us square in the middle of a fiscal abyss.

of course, bush stepped on the gas, but he did so after clinton laid a solid foundation AND it was on clinton's watch that they repealed legislation regulating credit default swaps.

you do know what unregulated credit default swaps have done to the economy, no?

yes, times were better under clinton for most people. having said that, the foundation for our current disaster was solidly laid by clinton and his team.
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