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Politics : Mainstream Politics and Economics
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To: koan who wrote (6776)1/12/2012 1:45:38 AM
From: Little Joe  Read Replies (1) of 85487
 
Your problem is you can only see Bush's role in this mess which is considerable, but you fail to fix any of the blame on the dems. Fact is both parties bear much of the responsibility and if you believe Bush alone caused this mess you are not very knowledgeable about economics.

Bush bears a lot of the responsibility, but so do his predecessors both Republican and Democrat and both parties. What occurred was inevitable and predictable. It is far more productive to try to isolate the actions and economic missteps that caused the problem and to try to understand the inevitable depressions that must occur in a fractional reserve banking system, which by its very nature results in a depression.

lj
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